Electronic expansion valves market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the electronic expansion valves market to reach USD 1,234.5 million by 2029 and to exhibit a CAGR of 9.2% for the forecast period of 2022 to 2029.
To meet the strategic as well as specific needs of the organization or business, a comprehensive market research document such as Electronic Expansion Valves Market report, has to be in place. All the data of this market report is exceptionally useful to the clients and businesses for making decisions related to revenue, investment, import, export and consumption. Geographical scope of the products is also carried out comprehensively for the major global areas such as Asia, North America, South America, and Africa which helps define strategies for the product distribution in those areas. Competitive landscape is explored in terms of product range, strategies, and future prospects of the key players of this industry.
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The careful efforts accompanied with integrated approaches and advanced techniques results into a first-rate Electronic Expansion Valves market report that drives the decision making process of the business. A comprehensive market research carried out in this report puts a light on the challenges, market structures, opportunities, driving forces, scope, and competitive landscape for the business. This market study also analyzes and estimates the market status, market share, growth rate, sales volume, future trends, market drivers, market restraints, revenue generation, opportunities and challenges, risks and entry barriers, sales channels, and distributors.
The electronic expansion valve or EEV basically control the flow of refrigerant entering a direct expansion evaporator. These valves generally do this in response to signals sent to them by an electronic controller. A small motor is used to open and close the valve port. They are highly used in various end users such as industrial, automotive, commercial and residential.
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The Electronic Expansion Valves Market is Dominated by Firms Such as:
- CAREL INDUSTRIES S.p.A.
- PARKER HANNIFIN CORP.
- ALFA LAVAL
- Valvitalia SpA
- AVK Flow Control
- Apollo Valves
- HAM-LET GROUP
- SAMSON CONTROLS
- Dwyer Instruments LTD.
- Swagelok Company
- Fujikoki Corporation
- SAGINOMIYA SEISAKUSHO, INC.
- MAHLE GmbH
- Zhejiang DUNAN Artificial Environment co., LTD
- LG Electronics.
- Parker-Hannifin Corp.
- Schneider Electric Group
- Emerson Electric Co.
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Key Market Segments Covered in Electronic Expansion Valves Industry Research:
- On the basis of types, the electronic expansion valves market has been segmented into automatic expansion valves, thermostatic expansion valves, electronic expansion valves, capillary tubes and float valves.
- Based on materials, the electronic expansion valves market has been segmented into solenoid, stainless steel, piezo and others.
- On the basis of category, the electronic expansion valves market has been segmented into electromagnetic EEV and electric EEV.
- On the basis of application, the electronic expansion valves market has been segmented into industrial, automotive, commercial and residential.
Electronic Expansion Valves Market Regional Analysis/Insights:
The countries covered in the electronic expansion valves market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the electronic expansion valves market due to rise in government initiatives across the region to promote adoption of more energy-efficient air conditioning systems and reduce energy consumption in the region within the forecast period of 2022 to 2029. Asia-Pacific region, on the other hand, is projected to undergo substantial during the forecast period owing to the availability of low-priced air conditioning systems in China.
The country section of the electronic expansion valves market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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