The global demand for Electronic Expansion Valves Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Electronic expansion valves are developed on the traditional thermal expansion valves. It is a controlling device used in the air conditioning system and refrigerator. It controls the flow of refrigerant incoming a direct expansion evaporator, it is more regular and allows the refrigeration system to function efficiently and accurately. It is also to prevent the flooding in the refrigerant to the compressor and guarantee that the plant runs without any obstacles. These valves help to enable significant energy savings and cost reductions.
The demand for these valves is growing drastically, attributed to its benefits over the traditional thermal expansion valves such as gaining better performance and energy consumption from the refrigeration system. Furthermore, it allows the refrigeration system to function much more accurately and efficiently, propelling the growth of the market. Increasing awareness of carbon emission in different regions globally resulted in the growing acceptance of valves in end-use industries. The rise in the automotive industry is a factor in the growth of the market, as the air conditioning system is more expected to become the prime accessory for the vehicles, thereby increasing demand for air conditioning systems.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of electronic expansion valves.
The entire electronic expansion valves market has been sub-categorized into application and type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Home Inverter Air Conditioner
- Commercial Air Conditioning & Heat Pump
- Household Products
- Commercial Products
This section covers regional segmentation which accentuates on current and future demand for electronic expansion valves market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Electronic Expansion Valves Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electronic expansion valves market include Fujikoki, SANHUA, DunAn, Saginomiya (Danfoss Poland), Danfoss, Parker, Emerson, and Castel. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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