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Electronic Expansion Valve Trends and Forecast
The future of the global electronic expansion valve market looks promising with opportunities in the home inverter air conditioner and commercial air conditioning & heat pump markets. The global electronic expansion valve market is expected to reach an estimated $1.1 billion by 2030 with a CAGR of 7.7% from 2024 to 2030. The major drivers for this market are increasing demand for electronic expansion valves in the refrigeration and air conditioning industries, growth in the automotive industry, and rising awareness of carbon emission in different regions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electronic Expansion Valve by Segment
The study includes a forecast for the global electronic expansion valve by product type, application, and region.
Electronic Expansion Valve Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Electromagnetic EEV
• Electric EEV
Electronic Expansion Valve Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Home Inverter Air Conditioner
• Commercial Air Conditioning & Heat Pump
• Others
Electronic Expansion Valve Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electronic Expansion Valve Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electronic expansion valve companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electronic expansion valve companies profiled in this report include-
• Sanhua
• CAREL INDUSTRIES
• PARKER HANNIFIN
• Curtiss-Wright
• ALFA LAVAL
• Valvitalia
• AVK Flow Control
• Apollo Valves
• HAM-LET GROUP
• SAMSON CONTROLS
Electronic Expansion Valve Market Insights
Lucintel forecasts that electric EEV is expected to witness the higher growth over the forecast period because it offers better efficiency of electrically driven EEVs and growing demand for the electronic expansion valve.
North America will remain the largest region over the forecast period due to increase in regional government efforts to encourage the installation of more energy-efficient air conditioning systems and lower energy consumption.
Features of the Global Electronic Expansion Valve Market
Market Size Estimates: Electronic expansion valve market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electronic expansion valve market size by product type, application, and region in terms of value ($B).
Regional Analysis: Electronic expansion valve market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the electronic expansion valve market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electronic expansion valve market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electronic expansion valve market size?
Answer: The global electronic expansion valve market is expected to reach an estimated $1.1 billion by 2030.
Q2. What is the growth forecast for electronic expansion valve market?
Answer: The global electronic expansion valve market is expected to grow with a CAGR of 7.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electronic expansion valve market?
Answer: The major drivers for this market are increasing demand for electronic expansion valves in the refrigeration and air conditioning industries, growth in the automotive industry and rising awareness of carbon emission in different regions.
Q4. What are the major segments for electronic expansion valve market?
Answer: The future of the electronic expansion valve market looks promising with opportunities in the home inverter air conditioner and commercial air conditioning & heat pump markets.
Q5. Who are the key electronic expansion valve market companies?
Answer: Some of the key electronic expansion valve companies are as follows:
• Sanhua
• CAREL INDUSTRIES
• PARKER HANNIFIN
• Curtiss-Wright
• ALFA LAVAL
• Valvitalia
• AVK Flow Control
• Apollo Valves
• HAM-LET GROUP
• SAMSON CONTROLS
Q6. Which electronic expansion valve market segment will be the largest in future?
Answer: Lucintel forecasts that electric EEV is expected to witness the higher growth over the forecast period because it offers better efficiency of electrically driven EEVs and growing demand for the electronic expansion valve.
Q7. In electronic expansion valve market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increase in regional government efforts to encourage the installation of more energy-efficient air conditioning systems and lower energy consumption.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electronic expansion valve market by product type (electromagnetic EEV and electric eev), application (home inverter air conditioner, commercial air conditioning & heat pump, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electronic Expansion Valve Market, Electronic Expansion Valve Market Size, Electronic Expansion Valve Market Growth, Electronic Expansion Valve Market Analysis, Electronic Expansion Valve Market Report, Electronic Expansion Valve Market Share, Electronic Expansion Valve Market Trends, Electronic Expansion Valve Market Forecast, Electronic Expansion Valve Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electronic Expansion Valve Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electronic Expansion Valve Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electronic Expansion Valve Market by Product Type
3.3.1: Electromagnetic EEV
3.3.2: Electric EEV
3.4: Global Electronic Expansion Valve Market by Application
3.4.1: Home Inverter Air Conditioner
3.4.2: Commercial Air Conditioning & Heat Pump
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electronic Expansion Valve Market by Region
4.2: North American Electronic Expansion Valve Market
4.2.2: North American Electronic Expansion Valve Market by Application: Home Inverter Air Conditioner, Commercial Air Conditioning & Heat Pump, and Others
4.3: European Electronic Expansion Valve Market
4.3.1: European Electronic Expansion Valve Market by Product Type: Electromagnetic EEV and Electric EEV
4.3.2: European Electronic Expansion Valve Market by Application: Home Inverter Air Conditioner, Commercial Air Conditioning & Heat Pump, and Others
4.4: APAC Electronic Expansion Valve Market
4.4.1: APAC Electronic Expansion Valve Market by Product Type: Electromagnetic EEV and Electric EEV
4.4.2: APAC Electronic Expansion Valve Market by Application: Home Inverter Air Conditioner, Commercial Air Conditioning & Heat Pump, and Others
4.5: ROW Electronic Expansion Valve Market
4.5.1: ROW Electronic Expansion Valve Market by Product Type: Electromagnetic EEV and Electric EEV
4.5.2: ROW Electronic Expansion Valve Market by Application: Home Inverter Air Conditioner, Commercial Air Conditioning & Heat Pump, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electronic Expansion Valve Market by Product Type
6.1.2: Growth Opportunities for the Global Electronic Expansion Valve Market by Application
6.1.3: Growth Opportunities for the Global Electronic Expansion Valve Market by Region
6.2: Emerging Trends in the Global Electronic Expansion Valve Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electronic Expansion Valve Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electronic Expansion Valve Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Sanhua
7.2: CAREL INDUSTRIES
7.3: PARKER HANNIFIN
7.4: Curtiss-Wright
7.5: ALFA LAVAL
7.6: Valvitalia
7.7: AVK Flow Control
7.8: Apollo Valves
7.9: HAM-LET GROUP
7.10: SAMSON CONTROLS
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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