Global Electronic Expansion Valves
Market Report
2024
Electronic Expansion Valves Market Report 2024 (Global Edition)
The global Electronic Expansion Valves market size will be USD 7214.2 million in 2024. The growing adoption of energy-efficient HVAC systems is expected to boost sales to USD 13019.38 million by 2031, with a Compound Annual Growth Rate (CAGR) of 8.80% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Electronic Expansion Valves Market Report 2024 Market Size Split by Type (Electric EEV, Electromagnetic EEV), by Application (Home Inverter Air Conditioner, Commercial Air Conditioning, Heat Pu...
According to Cognitive Market Research, the global Electronic Expansion Valves market size will be USD 7214.2 million in 2024. It will rise at the compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.
- North America held the major market share for more than 40% of the global revenue with a market size of USD 2885.68 million in 2024 and will rise at the compound annual growth rate (CAGR) of 7.0% from the year 2024 to 2031.
- Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2164.26 million.
- Asia Pacific held a market share of around 23% of the global revenue with the market size of USD 1659.27 million in 2024 and will rise at the compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
- Latin America had a market share of more than 5% of global revenue with the market size of USD 360.71 million in 2024 and will rise at a compound annual growth rate (CAGR) of 8.2% from the year 2024 to 2031.
- Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 144.28 million in 2024 and will rise at the compound annual growth rate (CAGR) of 8.5% from the year 2024 to 2031.
- The electromagnetic EEV category is the fastest growing segment of the Electronic Expansion Valves industry
| Base Year | 2023 |
| Historical Data Time Period | 2019-2023 |
| Forecast Period | 2024-2031 |
| Global Electronic Expansion Valves Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
| North America Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
| United States Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
| Canada Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
| Mexico Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
| Europe Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
| United Kingdom Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
| France Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
| Germany Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
| Italy Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.4% |
| Russia Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
| Spain Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.1% |
| Rest of Europe Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
| Asia Pacific Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
| China Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
| Japan Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7% |
| Korea Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.6% |
| India Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.3% |
| Australia Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.2% |
| Rest of APAC Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.3% |
| Brazil Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
| Argentina Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.8% |
| Colombia Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
| Peru Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.1% |
| Chile Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
| Rest of South America Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
| Middle East and Africa Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
| Turkey Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
| Nigeria Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
| Egypt Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
| South Africa Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
| GCC Countries Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7% |
| Rest of MEA Electronic Expansion Valves Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
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Country Analysis |
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Key Qualitative Information Covered |
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Electronic Expansion Valves Market Report Description
Introduction of the Electronic Expansion Valves Market
Electronic expansion valves are advanced components in HVAC and refrigeration systems that precisely control the flow of refrigerant to optimize system performance and energy efficiency. The electronic expansion valves market is a sector within the HVAC and refrigeration industries focused on advanced valves that regulate refrigerant flow with precision. Unlike traditional mechanical expansion valves, electronic expansion valves utilize electronic sensors and control systems to adjust refrigerant flow based on real-time conditions, optimizing system performance and energy efficiency. These valves are integral to modern cooling and heating systems, enabling more accurate temperature control, improved energy efficiency, and reduced operational costs. Key applications include residential and commercial air conditioning, refrigeration systems, and industrial cooling processes. The market is driven by the surging demand for energy-efficient solutions, advancements in technology, and growing environmental regulations. As industries strive for greater energy savings and sustainability, the adoption of electronic expansion valves is expanding, offering enhanced control and efficiency compared to conventional systems.
In May 2024, Hankook Tire and Technology, headquartered in Gyeonggi, spent USD 1.3 billion to take over Hanon Systems, the world’s second-most prominent automotive thermal management supplier. (Source: https://www.hankooktire-mediacenter.com/press-release/news/hankook-company-group-seeks-to-secure-the-management-rights-of-hanon-systems-the-worlds-second-l/)
Market Dynamics of Electronic Expansion Valves Market
Key Drivers for Electronic Expansion Valves Market
Advancements in HVAC and Refrigeration Technologies to Boost Market Growth
The rapid advancements in HVAC (Heating, Ventilation, and Air Conditioning) and refrigeration technologies are a major driving force for the market of electronic expansion valves. Modern HVAC systems and refrigeration units increasingly require precise control over refrigerant flow to enhance efficiency and performance. Electronic expansion valves provide superior accuracy in regulating refrigerant flow compared to traditional mechanical valves. They facilitate better temperature control, improved energy efficiency, and reduced operational costs by adjusting the refrigerant flow based on real-time data from various sensors. As the demand for the energy-efficient and environmentally friendly systems grows, electronic expansion valves are becoming integral to new and retrofitted HVAC and refrigeration systems, driving their market growth. The push towards integrating advanced control systems and achieving higher energy standards is expected to sustain and expand the demand for electronic expansion valves in the coming years. For instance, Sanhua introduced its PEV series which consists of a pulse expansion valve designed for use in refrigeration systems to primarily control the flow of refrigerants into the evaporator.
Rising Demand for Energy Efficiency and Environmental Regulations to Drive Market Growth
The increasing emphasis on energy efficiency and stringent environmental regulations significantly drives the market for electronic expansion valves. Governments and regulatory bodies globally are imposing stricter standards to reduce energy consumption and minimize greenhouse gas emissions. Electronic expansion valves play an important role in meeting these regulations by optimizing refrigerant flow and improving system efficiency, thereby minimizing energy consumption and emissions. They provide precise control that helps HVAC and refrigeration systems operate at peak efficiency, contributing to overall energy savings. The growing consumer awareness and preference for eco-friendly and energy-efficient solutions further fuel the demand for electronic expansion valves.
Restraint Factor for the Electronic Expansion Valves Market
The High-Cost Associated with their Advanced Technology Will Limit Market Growth
Electronic expansion valves, which are integral to modern HVAC and refrigeration systems, require sophisticated sensors and control systems to regulate refrigerant flow precisely. This complexity results in higher production and maintenance costs compared to traditional mechanical valves. As a result, the initial investment and ongoing expenses can be a hindering factor for smaller businesses or those in cost-sensitive industries. Additionally, the requirement for specialized training and technical support to install and maintain these valves can further add to the overall cost, limiting their adoption in price-sensitive markets and affecting market growth.
Impact of Covid-19 on the Electronic Expansion Valves Market
The COVID-19 pandemic had a mixed impact on the electronic expansion valves market. On one hand, the pandemic led to the disruptions in global supply chain, causing delays in manufacturing and distribution, and affecting the availability of raw materials. This led to increased production costs and project delays in sectors like HVAC and refrigeration. On the other hand, the pandemic accelerated the adoption of advanced technologies, including electronic expansion valves, as businesses sought to improve energy efficiency and reduce operational costs in response to increased energy demands and heightened awareness of environmental sustainability. The push towards automation and remote monitoring in HVAC systems also contributed to growing interest in electronic expansion valves.
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Electronic Expansion Valves Market Insights Video
Competitive Landscape of the Electronic Expansion Valves Market
The competitive landscape of the electronic expansion valves market is characterized by a mix of established global players and emerging companies. Key competitors leverage technological advancements and extensive distribution networks. The market is also seeing increased competition from companies focusing on innovative solutions and energy-efficient designs. Additionally, mergers and acquisitions, and strategic partnerships, are shaping the competitive dynamics, driving technological progress and market expansion.
In June 2024, Hanon Systems, headquartered in Daejeon, published its seventh consecutive sustainability report. The report demonstrates the company's environmental, social, and governance performance and ESG progress. The company plans to become carbon-neutral by 2040, with an interim target in 2030. (Source: https://www.hanonsystems.com/En/Media/NewsDetails/308) In March 2020, Danfoss, a pioneer in electronic expansion valve control products, added a new complete portfolio of components to enable OEMs to develop new air conditioning systems incorporating R32. The range also consists of Colibri electronic expansion valve, TGE, TR6 expansion valves, and MCHE adapted for R32 for US residential units. The new product line is compliant with environmental regulations and for saving on installation and maintenance. (Source: https://www.danfoss.com/en-in/about-danfoss/news/dcs/danfoss-introduces-new-electric-expansion-valve/)
Top Companies Market Share in Electronic Expansion Valves Industry: (In no particular order of Rank)
- Sanhua Europe
- CAREL INDUSTRIES S.p.A.
- VOLGA
- Danfoss Group
- Fujikoki Corporation
- Zhejiang DUNAN Artificial Environment Co.
- LTD
- Parker-Hannifin Corporation
- Emerson Electric Co.
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Regional Analysis of the Electronic Expansion Valves Market
Which Region Dominates the Electronic Expansion Valves Market in 2024?
According to Cognitive Market Research, North America currently dominates the Electronic Expansion Valves market, and the region is expected to have significant growth during the projected period due to its advanced HVAC and refrigeration infrastructure, high demand for energy-efficient solutions, and significant investments in technology. The region's strong regulatory framework and innovation-driven environment further enhance its leading position in the global market.
Which Region is Expanding at the Fastest CAGR?
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rapid industrialization, increasing demand for advanced HVAC systems, and rising urbanization. Economic growth and government initiatives promoting energy efficiency further drive the adoption of electronic expansion valves in the region.
The current report Scope analyzes Electronic Expansion Valves Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
- North America (United States, Canada, Mexico)
- Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
- Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
- South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
- Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)
Electronic Expansion Valves Market Share (%) by Region (2019-2031)
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North America Electronic Expansion Valves Market
According to Cognitive Market Research, the global Electronic Expansion Valves market size was estimated at USD 7214.2 Million, out of which North America held the major market share of more than 40% of global revenue with a market size of USD 2885.68 million in 2024 and will rise at the compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
- According to Cognitive Market Research, the US had a major share in the Electronic Expansion Valves market with a market size of USD 2276.80 million in 2024 and is foreseen to rise at a CAGR of 6.8% during the forecast years due to the surging demand for energy-efficient HVAC systems.
- The Canada Electronic Expansion Valves market had a market share of USD 346.28 million in 2024 and is foreseen to rise at the CAGR of 7.8% during the forecast years due to the growing regulations for environmental sustainability.
- The Mexico Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 7.5% during the forecast years, with a market size of USD 262.60 million in 2024.
Europe Electronic Expansion Valves Market
According to Cognitive Market Research, the global Electronic Expansion Valves market size was estimated at USD 7214.2 Million, out of which Europe held the market share of more than 30% of global revenue with a market size of USD 2164.26 million in 2024 and will rise at a compound annual growth rate (CAGR) of 7.3% from the year 2024 to 2031.
- The United Kingdom Electronic Expansion Valves market had a market share of USD 363.60 million in 2024 and is foreseen to rise at the CAGR of 8.1% during the forecast years. In the UK, Electronic Expansion Valves sales witness an upswing due to the surging demand for energy-efficient HVAC systems.
- The France Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 6.5% during the forecast years, with a market size of USD 199.11 million in 2024.
- According to Cognitive Market Research, the German Electronic Expansion Valves market size was valued at USD 428.52 million in 2024 and is foreseen to rise at the CAGR of 7.5% during the forecast years. In Germany, Electronic Expansion Valves surged due to the growing demand for the advanced HVAC systems in both residential and commercial applications.
- The Italy Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 6.7% during the forecast years, with a market size of USD 186.13 million in 2024.
- The Russia Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 6.3% during the forecast years, with a market size of USD 335.46 million in 2024.
- The Spain Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 6.4% during the forecast years with a market size of USD 177.47 million in 2024
- The Luxembourg Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 7.4% during the forecast years, with a market size of USD 67.09 million in 2024.
- The Portugal Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 7.1% during the forecast years, with a market size of USD 45.45 million in 2024.
- The Greece Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 7.6% during the forecast years, with a market size of USD 25.97 million in 2024.
- The Rest of Europe's Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 6.0% during the forecast period, with a market size of USD 335.46 million in 2024.
Asia Pacific Electronic Expansion Valves Market
According to Cognitive Market Research, the global Electronic Expansion Valves market size was estimated at USD 7214.2 Million, out of which Asia Pacific held the market share of around 23% of global revenue with the market size of USD 1659.27 million in 2024 and will rise at the compound annual growth rate (CAGR) of 10.8% from the year 2024 to 2031.
- According to Cognitive Market Research, the China Electronic Expansion Valves market size was valued at USD 746.67 million in 2024 and is foreseen to rise at the CAGR of 10.3% during the forecast years. Electronic Expansion Valves surged in China due to increasing adoption of advanced refrigeration technologies.
- The Japan Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 9.3% during the forecast years, with a market size of USD 228.98 million in 2024.
- The India Electronic Expansion Valves market had a market share of USD 199.11 million in 2024 and is foreseen to rise at the CAGR of 12.6% during the forecast years due to the growing awareness of environmental sustainability .
- The South Korean Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 9.9% during the forecast years, with a market size of USD 165.93 million in 2024.
- The Australian Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 10.5% during the forecast years, with a market size of USD 86.28 million in 2024.
- The South East Asia Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 11.8% during the forecast years, with a market size of USD 114.49 million in 2024.
- The Rest of Asia Pacific Electronic Expansion Valves market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 117.81 million in 2024.
South America Electronic Expansion Valves Market
According to Cognitive Market Research, the global Electronic Expansion Valves market size was estimated at USD 7214.2 Million, out of which Latin America held the market share of around 5% of global revenue with the market size of USD 360.71 million in 2024 and will rise at the compound annual growth rate (CAGR) of 8.2% from the year 2024 to 2031.
- According to Cognitive Market Research, the Brazil Electronic Expansion Valves market size was valued at USD 154.38 million in 2024 and is foreseen to rise at the CAGR of 8.8% during the forecast years. Electronic Expansion Valves flourished in Brazil due to the growing demand for energy-efficient HVAC.
- Argentina's Electronic Expansion Valves market had a market share of USD 60.60 million in 2024 and is foreseen to rise at the CAGR of 9.1% during the forecast years and the increasing industrial refrigeration needs.
- Colombia Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 8.0% during the forecast years, with a market size of USD 32.10 million in 2024.
- Peru Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 8.4% during the forecast years, with a market size of USD 29.58 million in 2024.
- Chile's Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 8.5% during the forecast years, with a market size of USD 25.97 million in 2024.
- The Rest of Latin America's Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 7.3% during the forecast years, with a market size of USD 58.07 million in 2024.
Middle East and Africa Electronic Expansion Valves Market
According to Cognitive Market Research, the global Electronic Expansion Valves market size was estimated at USD 7214.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 144.28 million in 2024 and will rise at a compound annual growth rate (CAGR) of 8.5% from the year 2024 to 2031..
- The GCC Countries Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 9.3% during the forecast years, with a market size of USD 61.75 million in 2024. Electronic Expansion Valves sales flourish due to the increasing investments in energy-efficient technologies.
- The Egypt Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 8.8% during the forecast years, with a market size of USD 15.15 million in 2024.
- The South Africa Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 9.5% during the forecast years, with a market size of USD 22.80 million in 2024. Electronic Expansion Valves sales flourished in South Africa due to the advancements in refrigeration technology.
- The Turkey Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 8.0% during the forecast years, with a market size of USD 12.41 million in 2024.
- The Nigeria Electronic Expansion Valves market is foreseen to witness growth at the CAGR of 7.6% during the forecast years, with a market size of USD 15.15 million in 2024.
- The Rest of the MEA Electronic Expansion Valves market is foreseen to witness growth at a CAGR of 7.5% during the forecast years, with a market size of USD 17.03 million in 2024.
Electronic Expansion Valves Market Analysis
Global Electronic Expansion Valves Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electronic Expansion Valves Industry growth. Electronic Expansion Valves market has been segmented with the help of its Type, Application Material, and others. Electronic Expansion Valves market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Electronic Expansion Valves Market?
Electronic Expansion Valves Market Type Segment Analysis
According to Cognitive Market Research, electric EEVs are likely to dominate the Electronic Expansion Valves Market over the forecast period due to their precise control, energy efficiency, and ability to improve system performance. They offer superior regulation of refrigerant flow compared to mechanical valves, leading to reduced energy consumption and enhanced operational efficiency in HVAC and refrigeration systems.
The electromagnetic EEV is the fastest-growing segment in the Electronic Expansion Valves Market due to its precise control, quick response times, and reliability, which enhance system efficiency and performance. Their ability to handle varying operating conditions and improve energy savings makes them increasingly popular in advanced HVAC and refrigeration systems.
Electronic Expansion Valves Market Share (%) by Type in 2019-2031
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Electronic Expansion Valves Market Application Segment Analysis
According to Cognitive Market Research, the commercial air conditioning segment holds the largest share of the market due to its extensive use in large-scale HVAC systems, where precise refrigerant control is crucial for energy efficiency and performance. The high demand for reliable, energy-efficient solutions in commercial settings drives significant adoption of these advanced valves.
In the Electronic Expansion Valves Market, the home inverter air conditioners have been expanding at a rapid pace due to their energy efficiency, reduced power consumption, and improved cooling performance. The increasing consumer preference for energy-saving appliances and advancements in inverter technology drives the demand for electronic expansion valves in these systems.
Electronic Expansion Valves Market Share (%) by Application in 2019-2031
2019
2023
2031
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Electronic Expansion Valves Material Segment Analysis
Electronic Expansion Valves Market Material Segment Analysis
According to Cognitive Market Research, the solenoid segment held the biggest market share due to its reliability, precise control, and cost-effectiveness. Their ability to provide accurate refrigerant flow regulation and their proven performance in various applications make them a preferred choice, driving their widespread adoption in HVAC and refrigeration systems.
In the Electronic Expansion Valves market, the rapidly growing sector is the piezo category due to their precise control, rapid response times, and compact size, which enhance system efficiency and reduce energy consumption. Their advanced technology aligns with the increasing demand for high-performance, energy-efficient HVAC and refrigeration solutions.
- Solenoid
- Stainless Steel
- Piezo
- Others
Electronic Expansion Valves End-user Segment Analysis
Electronic Expansion Valves Market End-user Segment Analysis
According to Cognitive Market Research, the commercial segment dominates the market because of its high demand for advanced HVAC systems in commercial buildings, which require precise temperature control and energy efficiency. This sector's significant investments in infrastructure and maintenance drive the adoption of electronic expansion valves.
Residential is projected to be the fastest-growing segment in the Electronic Expansion Valves market due to increasing demand for energy-efficient HVAC systems in homes. Rising awareness of indoor air quality, coupled with regulatory mandates for eco-friendly appliances, drives the adoption of advanced electronic expansion valves in residential cooling and heating systems.
- Industrial
- Automotive
- Commercial
- Residential
Author's Detail
Kalyani RajeSenior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Author's Conclusion
Conclusion
- The global Electronic Expansion Valves market will expand significantly by 8.80% CAGR between 2024 and 2031.
- Solenoids are expected to dominate the Electronic Expansion Valves Market over the forecast period. Their ability to provide accurate refrigerant flow regulation and their proven performance in various applications make them a preferred choice.
- The commercial segment has the biggest market share due to its high demand for advanced HVAC systems in commercial buildings, which require precise temperature control and energy efficiency
Frequently Asked Questions (FAQs)
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Latest News about Electronic Expansion Valves Market
Sources from Electronics & Electrical Industry
- https://www.mitsubishielectric.com/news/2024/0717-a.html
- https://www.mitsubishielectric.com/news/2024/0711.html
- https://www.kyocera-avx.com/news/new-0201-lga-fuses/
- https://group.bureauveritas.com/newsroom/bureau-veritas-accelerates-ma-and-strengthens-its-position-electrical-and-electronics
- https://www.futureelectronics.com/blog/news/wt-microelectronics-completes-acquisition-of-future-electronics/
- https://newsroom.ibm.com/2024-04-05-Rensselaer-Polytechnic-Institute-and-IBM-unveil-the-worlds-first-IBM-Quantum-System-One-on-a-university-campus
- https://newsroom.ibm.com/2024-01-29-Korea-Quantum-Computing-and-IBM-Collaborate-to-Bring-IBM-watsonx-and-Quantum-Computing-to-Korea
- https://mbzuai.ac.ae/news/large-language-model-k2-65b-launches-globally-setting-a-new-standard-for-sustainable-performance/
- https://itbrief.com.au/story/legrand-acquires-australian-power-distribution-firm-vass-electrical
- https://www.iea.org/about
- https://www.ipc.org/
- https://www.usitc.gov/research_and_analysis/trade_shifts_2017/electronics.htm
- https://data.worldbank.org/indicator/EG.ELC.ACCS.ZS
- https://www.usitc.gov/research_and_analysis/trade_shifts_2017/electronics.htm
- http://www.energy.gov
- http://www.cta.tech
- http://www.epa.gov
- http://www.trade.gov
Electronic Expansion Valves Market Report Table of Content
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| Type | Electric EEV, Electromagnetic EEV |
| Application | Home Inverter Air Conditioner, Commercial Air Conditioning, Heat Pump |
| Material | Solenoid, Stainless Steel, Piezo, Others |
| End-user | Industrial, Automotive, Commercial, Residential |
| List of Competitors | Sanhua Europe, CAREL INDUSTRIES S.p.A., VOLGA, Danfoss Group, Fujikoki Corporation, Zhejiang DUNAN Artificial Environment Co., LTD, Parker-Hannifin Corporation, Emerson Electric Co. |
This chapter will help you gain GLOBAL Market Analysis of Electronic Expansion Valves. Further deep in this chapter, you will be able to review Global Electronic Expansion Valves Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
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1.1 Global Electronic Expansion Valves Market Size, Trend Analysis 2019 - 2031
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1.2 Global Electronic Expansion Valves Market Size By Regions 2019 - 2031
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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1.2.1 Global Electronic Expansion Valves Revenue Market Size By Region
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1.3 Global Electronic Expansion Valves Market Size By Type 2019 -2031
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1.3.1 Electric EEV Market Size
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1.3.2 Electromagnetic EEV Market Size
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1.4 Global Electronic Expansion Valves Market Size By Application 2019 -2031
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1.4.1 Home Inverter Air Conditioner Market Size
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1.4.2 Commercial Air Conditioning Market Size
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1.4.3 Heat Pump Market Size
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1.5 Global Electronic Expansion Valves Market Size By Material 2019 -2031
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1.5.1 Solenoid Market Size
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1.5.2 Stainless Steel Market Size
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1.5.3 Piezo Market Size
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1.5.4 Others Market Size
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1.6 Global Electronic Expansion Valves Market Size By End-user for 2019 -2031
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1.6.1 Industrial Market Size
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1.6.2 Automotive Market Size
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1.6.3 Commercial Market Size
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1.6.4 Residential Market Size
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1.7 Global Level Competitor Analysis (Subject to Data Availability (Private Players))
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1.8 Executive Summary Global Market (2019 vs 2024 vs 2031)
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
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1.8.1 Regional Market Revenue Summary 2019 vs 2024 vs 2031
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1.8.2 Global Market Revenue Split By Type
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1.8.3 Global Market Revenue Split By Application
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1.8.4 Global Market Revenue Split By Material
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1.8.5 Global Market Revenue Split By End-user
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1.8.6 Global Market Dynamics, Trends, Drivers, Restraints, Opportunities
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
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Chapter 2 North America Market Analysis
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2.1 North America Electronic Expansion Valves Market Size 2019 - 2031
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2.1.1 North America Electronic Expansion Valves Market Size By Country 2019 - 2031
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2.1.2 North America Electronic Expansion Valves Market Size by Type 2019 -2031
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2.1.2.1 North America Electric EEV Market Size
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2.1.2.2 North America Electromagnetic EEV Market Size
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2.1.3 North America Electronic Expansion Valves Market Size by Application 2019 -2031
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2.1.3.1 North America Home Inverter Air Conditioner Market Size
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2.1.3.2 North America Commercial Air Conditioning Market Size
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2.1.3.3 North America Heat Pump Market Size
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2.1.4 North America Electronic Expansion Valves Market Size by Material 2019 -2031
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2.1.4.1 North America Solenoid Market Size
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2.1.4.2 North America Stainless Steel Market Size
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2.1.4.3 North America Piezo Market Size
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2.1.4.4 North America Others Market Size
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2.1.5 North America Electronic Expansion Valves Market Size by End-user 2019 -2031
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2.1.5.1 North America Industrial Market Size
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2.1.5.2 North America Automotive Market Size
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2.1.5.3 North America Commercial Market Size
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2.1.5.4 North America Residential Market Size
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Chapter 3 Europe Market Analysis
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3.1 Europe Electronic Expansion Valves Market Size 2019 - 2031
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3.1.1 Europe Electronic Expansion Valves Market Size By Country 2019 - 2031
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3.1.2 Europe Electronic Expansion Valves Market Size by Type 2019 -2031
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3.1.2.1 Europe Electric EEV Market Size
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3.1.2.2 Europe Electromagnetic EEV Market Size
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3.1.3 Europe Electronic Expansion Valves Market Size by Application 2019 -2031
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3.1.3.1 Europe Home Inverter Air Conditioner Market Size
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3.1.3.2 Europe Commercial Air Conditioning Market Size
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3.1.3.3 Europe Heat Pump Market Size
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3.1.4 Europe Electronic Expansion Valves Market Size by Material 2019 -2031
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3.1.4.1 Europe Solenoid Market Size
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3.1.4.2 Europe Stainless Steel Market Size
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3.1.4.3 Europe Piezo Market Size
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3.1.4.4 Europe Others Market Size
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3.1.5 Europe Electronic Expansion Valves Market Size by End-user 2019 -2031
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3.1.5.1 Europe Industrial Market Size
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3.1.5.2 Europe Automotive Market Size
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3.1.5.3 Europe Commercial Market Size
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3.1.5.4 Europe Residential Market Size
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Chapter 4 Asia Pacific Market Analysis
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4.1 Asia Pacific Electronic Expansion Valves Market Size 2019 - 2031
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4.1.1 Asia Pacific Electronic Expansion Valves Market Size By Country 2019 - 2031
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4.1.2 Asia Pacific Electronic Expansion Valves Market Size by Type 2019 -2031
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4.1.2.1 Asia Pacific Electric EEV Market Size
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4.1.2.2 Asia Pacific Electromagnetic EEV Market Size
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4.1.3 Asia Pacific Electronic Expansion Valves Market Size by Application 2019 -2031
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4.1.3.1 Asia Pacific Home Inverter Air Conditioner Market Size
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4.1.3.2 Asia Pacific Commercial Air Conditioning Market Size
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4.1.3.3 Asia Pacific Heat Pump Market Size
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4.1.4 Asia Pacific Electronic Expansion Valves Market Size by Material 2019 -2031
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4.1.4.1 Asia Pacific Solenoid Market Size
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4.1.4.2 Asia Pacific Stainless Steel Market Size
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4.1.4.3 Asia Pacific Piezo Market Size
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4.1.4.4 Asia Pacific Others Market Size
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4.1.5 Asia Pacific Electronic Expansion Valves Market Size by End-user 2019 -2031
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4.1.5.1 Asia Pacific Industrial Market Size
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4.1.5.2 Asia Pacific Automotive Market Size
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4.1.5.3 Asia Pacific Commercial Market Size
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4.1.5.4 Asia Pacific Residential Market Size
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Chapter 5 South America Market Analysis
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5.1 South America Electronic Expansion Valves Market Size 2019 - 2031
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5.1.1 South America Electronic Expansion Valves Market Size By Country 2019 - 2031
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5.1.2 South America Electronic Expansion Valves Market Size by Type 2019 -2031
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5.1.2.1 South America Electric EEV Market Size
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5.1.2.2 South America Electromagnetic EEV Market Size
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5.1.3 South America Electronic Expansion Valves Market Size by Application 2019 -2031
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5.1.3.1 South America Home Inverter Air Conditioner Market Size
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5.1.3.2 South America Commercial Air Conditioning Market Size
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5.1.3.3 South America Heat Pump Market Size
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5.1.4 South America Electronic Expansion Valves Market Size by Material 2019 -2031
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5.1.4.1 South America Solenoid Market Size
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5.1.4.2 South America Stainless Steel Market Size
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5.1.4.3 South America Piezo Market Size
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5.1.4.4 South America Others Market Size
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5.1.5 South America Electronic Expansion Valves Market Size by End-user 2019 -2031
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5.1.5.1 South America Industrial Market Size
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5.1.5.2 South America Automotive Market Size
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5.1.5.3 South America Commercial Market Size
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5.1.5.4 South America Residential Market Size
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Chapter 6 Middle East and Africa Market Analysis
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6.1 Middle East and Africa Electronic Expansion Valves Market Size 2019 - 2031
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6.1.1 Middle East and Africa Electronic Expansion Valves Market Size By Country 2019 - 2031
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6.1.2 Middle East and Africa Electronic Expansion Valves Market Size by Type 2019 -2031
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6.1.2.1 Middle East and Africa Electric EEV Market Size
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6.1.2.2 Middle East and Africa Electromagnetic EEV Market Size
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6.1.3 Middle East and Africa Electronic Expansion Valves Market Size by Application 2019 -2031
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6.1.3.1 Middle East and Africa Home Inverter Air Conditioner Market Size
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6.1.3.2 Middle East and Africa Commercial Air Conditioning Market Size
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6.1.3.3 Middle East and Africa Heat Pump Market Size
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6.1.4 Middle East and Africa Electronic Expansion Valves Market Size by Material 2019 -2031
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6.1.4.1 Middle East and Africa Solenoid Market Size
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6.1.4.2 Middle East and Africa Stainless Steel Market Size
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6.1.4.3 Middle East and Africa Piezo Market Size
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6.1.4.4 Middle East and Africa Others Market Size
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6.1.5 Middle East and Africa Electronic Expansion Valves Market Size by End-user 2019 -2031
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6.1.5.1 Middle East and Africa Industrial Market Size
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6.1.5.2 Middle East and Africa Automotive Market Size
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6.1.5.3 Middle East and Africa Commercial Market Size
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6.1.5.4 Middle East and Africa Residential Market Size
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
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7.1 Country 1 Market Analysis
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7.1.1 Country 1Electronic Expansion Valves Market Size by Type 2019 -2031
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7.1.2 Country 1Electronic Expansion Valves Market Size by Application 2019 -2031
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7.1.3 Country 1Electronic Expansion Valves Market Size by Material 2019 -2031
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7.1.4 Country 1Electronic Expansion Valves Market Size by End-user 2019 -2031
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7.2 Country 2 Market Analysis
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7.2.1 Segmentation Analysis will be provided as shown for Country 1
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7.3 Country 3 Market Analysis
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7.3.1 Segmentation Analysis will be provided as shown for Country 1
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7.4 Country 4 Market Analysis
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7.4.1 Segmentation Analysis will be provided as shown for Country 1
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7.5 Country 5 Market Analysis
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7.5.1 Segmentation Analysis will be provided as shown for Country 1
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7.6 Country 6 Market Analysis
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7.6.1 Segmentation Analysis will be provided as shown for Country 1
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7.7 Country 7 Market Analysis
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7.7.1 Segmentation Analysis will be provided as shown for Country 1
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7.8 Country 8 Market Analysis
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7.8.1 Segmentation Analysis will be provided as shown for Country 1
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7.9 Country 9 Market Analysis
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7.9.1 Segmentation Analysis will be provided as shown for Country 1
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7.10 Country 10 Market Analysis
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7.10.1 Segmentation Analysis will be provided as shown for Country 1
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Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
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8.1 Top Competitors Analysis
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8.1.1 Top Players Ranking 2022
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8.1.2 Global Electronic Expansion Valves Market Revenue and Share by Manufacturers (2019-2023)
(Subject to Data Availability (Private Players))
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8.1.3 Industry Mergers and Acquisition Analysis
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8.1.4 New Product Launch Analysis
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8.2 Company Profile (Data Subject to Availability)
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8.2.1 Sanhua Europe
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.1.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.1.2 Business Overview
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8.2.1.3 Financials (Subject to data availability)
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8.2.1.4 Product Types Specification
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8.2.1.5 Business Strategy
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8.2.1.6 S.W.O.TAnalysis
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8.2.2 CAREL INDUSTRIES S.p.A.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.2.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.2.2 Business Overview
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8.2.2.3 Financials (Subject to data availability)
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8.2.2.4 Product Types Specification
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8.2.2.5 Business Strategy
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8.2.2.6 S.W.O.TAnalysis
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8.2.3 VOLGA
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.3.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.3.2 Business Overview
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8.2.3.3 Financials (Subject to data availability)
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8.2.3.4 Product Types Specification
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8.2.3.5 Business Strategy
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8.2.3.6 S.W.O.TAnalysis
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8.2.4 Danfoss Group
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.4.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.4.2 Business Overview
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8.2.4.3 Financials (Subject to data availability)
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8.2.4.4 Product Types Specification
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8.2.4.5 Business Strategy
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8.2.4.6 S.W.O.TAnalysis
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8.2.5 Fujikoki Corporation
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.5.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.5.2 Business Overview
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8.2.5.3 Financials (Subject to data availability)
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8.2.5.4 Product Types Specification
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8.2.5.5 Business Strategy
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8.2.5.6 S.W.O.TAnalysis
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8.2.6 Zhejiang DUNAN Artificial Environment Co.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.6.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.6.2 Business Overview
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8.2.6.3 Financials (Subject to data availability)
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8.2.6.4 Product Types Specification
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8.2.6.5 Business Strategy
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8.2.6.6 S.W.O.TAnalysis
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8.2.7 LTD
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.7.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.7.2 Business Overview
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8.2.7.3 Financials (Subject to data availability)
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8.2.7.4 Product Types Specification
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8.2.7.5 Business Strategy
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8.2.7.6 S.W.O.TAnalysis
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8.2.8 Parker-Hannifin Corporation
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.8.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.8.2 Business Overview
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8.2.8.3 Financials (Subject to data availability)
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8.2.8.4 Product Types Specification
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8.2.8.5 Business Strategy
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8.2.8.6 S.W.O.TAnalysis
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8.2.9 Emerson Electric Co.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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8.2.9.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
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8.2.9.2 Business Overview
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8.2.9.3 Financials (Subject to data availability)
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8.2.9.4 Product Types Specification
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8.2.9.5 Business Strategy
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8.2.9.6 S.W.O.TAnalysis
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Chapter 9 Qualitative Analysis (Subject to Data Availability)
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9.1 Market Drivers
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9.2 Market Trends
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9.3 Market Restraints
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9.4 Market Opportunity
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9.5 Product Life Cycle (Subject to Data Availability)
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9.6 Industrial Chain Analysis (Subject to Data Availability)
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9.6.1 Industry Chain Analysis
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9.6.2 Manufacturing Cost Analysis
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9.6.3 Consumer Preference Analysis
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9.6.4 Supply Side Analysis
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9.6.4.1 Raw Material Analysis
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9.6.4.2 Raw Material Procurement Analysis
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9.6.4.3 Raw Material Price Trend Analysis
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9.7 Market Attractiveness Analysis
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9.8 PESTEL Analysis
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9.9 Porter’s Five Forces Analysis
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9.10 Patent Analysis (Subject to Data Availability)
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9.11 ESG Analysis
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9.12 Technological Road Map
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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10.1 Electric EEV
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10.1.1 Global Electronic Expansion Valves Revenue Market Size and Share by Electric EEV 2019 -2031
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10.2 Electromagnetic EEV
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10.2.1 Global Electronic Expansion Valves Revenue Market Size and Share by Electromagnetic EEV 2019 -2031
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The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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11.1 Home Inverter Air Conditioner
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11.1.1 Global Electronic Expansion Valves Revenue Market Size and Share by Home Inverter Air Conditioner 2019 - 2031
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11.2 Commercial Air Conditioning
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11.2.1 Global Electronic Expansion Valves Revenue Market Size and Share by Commercial Air Conditioning 2019 - 2031
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11.3 Heat Pump
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11.3.1 Global Electronic Expansion Valves Revenue Market Size and Share by Heat Pump 2019 - 2031
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The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Material Analysis 2019 -2031
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12.1 Solenoid
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12.1.1 Global Electronic Expansion Valves Revenue Market Size and Share by Solenoid 2019 -2031
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12.2 Stainless Steel
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12.2.1 Global Electronic Expansion Valves Revenue Market Size and Share by Stainless Steel 2019 -2031
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12.3 Piezo
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12.3.1 Global Electronic Expansion Valves Revenue Market Size and Share by Piezo 2019 -2031
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12.4 Others
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12.4.1 Global Electronic Expansion Valves Revenue Market Size and Share by Others 2019 -2031
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The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by End-user Analysis 2019 -2031
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13.1 Industrial
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13.1.1 Global Electronic Expansion Valves Revenue Market Size and Share by Industrial 2019 -2031
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13.2 Automotive
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13.2.1 Global Electronic Expansion Valves Revenue Market Size and Share by Automotive 2019 -2031
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13.3 Commercial
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13.3.1 Global Electronic Expansion Valves Revenue Market Size and Share by Commercial 2019 -2031
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13.4 Residential
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13.4.1 Global Electronic Expansion Valves Revenue Market Size and Share by Residential 2019 -2031
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This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electronic Expansion Valves market
Chapter 14 Research Findings
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14.1 Key Takeaways
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14.2 Analyst Point of View
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
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14.3 Assumptions and Acronyms
Sample Format of Deliverables
The Tables, Graphs/Charts are only for representative purposes and do not depict actual statistics. Purchase full Report access to actual data.
Qualitative Analysis
Research Methodology Implemented by Kalyani Raje and Team
- 1.1 Electronic Expansion Valves Market Report 2024 Research Methodology
- 1.2 Systematic Research Approach
- 1.2.1 Primary Research for Electronic Expansion Valves Market
- 1.2.1.1 Key Data from Primary
- 1.2.1.2 Primary Interviews with Experts
- 1.2.1.3 Key Industry Insights
- 1.2.1.4 Questionnaire for Electronic Expansion Valves Market
- 1.2.1.5 Breakdown of Primaries
- 1.2.2 Secondary Research for Electronic Expansion Valves Market
- 1.2.2.1 Key Data from Secondary
- 1.2.2.2 Paid Sources
- 1.2.2.3 Public Sources
- 1.3 Market Size Estimation for Electronic Expansion Valves Market
- 1.3.1 Top-Down Approach
- 1.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
- 1.3.2 Bottom-UP Approach
- 1.3.2.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
- 1.3.1 Top-Down Approach
- 1.4 Market Breakdown and Data Triangulation
- 1.5 Research Assumptions for Electronic Expansion Valves Market
Key Questions Answered By Electronic Expansion Valves Market Report 2024
| Why Electric EEV have a significant impact on Electronic Expansion Valves market? |
| What are the key factors affecting the Electric EEV and Electromagnetic EEV of Electronic Expansion Valves Market? |
| What is the CAGR/Growth Rate of Home Inverter Air Conditioner during the forecast period? |
| By type, which segment accounted for largest share of the global Electronic Expansion Valves Market? |
| Which region is expected to dominate the global Electronic Expansion Valves Market within the forecast period? |
| Segmentation Level Customization |
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| Global level Data Customization |
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| Region level Data Customization |
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| Country level Data Customization |
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| Company Level |
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| Additional Data Analysis |
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| Additional Qualitative Data |
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| Additional Quantitative Data |
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| Service Level Customization |
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Report Format Alteration |
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