Electronic Expansion Valve Market Overview:
The electronic expansion valve market size is expected to reach approximately USD 1,279.12 Million by 2030, growing at a CAGR of around 8.6% from 2023 to 2030.
EEVs offer precise control over refrigerant flow in various systems, leading to increased efficiency, energy savings, and improved system performance.
Rising demand for energy-efficient air conditioning and refrigeration systems is a major driver for the EEV market.
Electronic Expansion Valve Market Drivers:
Several factors are driving the growth of the electronic expansion valve market, including:
Increasing demand for energy-efficient HVAC systems: EEVs optimize refrigerant flow, reducing energy consumption in air conditioners and heat pumps.
Growing adoption of environmentally friendly refrigerants: EEVs can handle the characteristics of new refrigerants with lower environmental impact.
Rising demand for comfort cooling: Increasing urbanization and disposable incomes are driving the demand for air conditioning systems, which utilize EEVs.
Focus on improved system performance: EEVs offer precise control, leading to better temperature control and system stability.
Electronic Expansion Valve Market Regional Analysis:
North America and Europe are also significant markets for electronic expansion valves due to the presence of major manufacturers and a focus on energy efficiency.
The Asia Pacific region is expected to be the fastest-growing market due to the rapid growth of the construction and automotive industries.
Electronic Expansion Valve Market Segmentation:
The electronic expansion valve market can be segmented by:
By Material
Stainless Steel
Copper
Brass
Others
By End-User
Automotive
Residential
Commercial
Industrial
Electronic Expansion Valve Market Key Players:
Sanhua, Danfoss, CAREL INDUSTRIES S.p.A., PARKER HANNIFIN CORP, SAGINOMIYA SEISAKUSHO, INC., Zhejiang DUNAN Artificial Environment co., LTD, Emerson Electric Co., Siemens, FUJIKOKI CORPORATION, Castel S.r.l.
Contact us:
Consegic Business intelligence Pvt Ltd.
Contact no: (US) (505) 715-4344
Email: [email protected]
Post articles and opinions on Professionals UK
to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.
