Electronic Expansion Valve Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?