The global demand for Expansion Valve Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Expansion valves are one of the most significant parts for automobile air conditioner and device cooling performance and are connected with an evaporator in air conditioning system. The expansion valve maintains appropriate flow of the refrigerant in the evaporator. The expansion valve also inhibits the flooding of the refrigerant to the compressor ensuring that the plant runs safely without any threat of breakage of the compressor. In present years, the Global expansion valves market is a rising more in mechanism & equipment sector, and it possibly going to proceed with a remaining development in the upcoming years. The expansion valves have a major application in automobiles sector, thereby leading to the demand and growth of market expansion valves.
The rise in automotive production and higher requirements of consumers for comfort is expected to drive the market for automotive air conditioning market. Advance in the technology and the increasing demand for vehicles along with rising per capita income are the major factors driving the market during the forecast period. In the current scenario, with the increasing number of commercial spaces such as hotels, office spaces, airports, educational institutions and hospitals, the expansion valves sales is most likely to increase at a rapid pace. The market is growing more in developing countries as compared to developed countries. The government regulations regarding safety and environment increases complexity hindering the market growth for expansion valves market.
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 expansion valve.
The entire expansion valve market has been sub-categorized into type, application and material. 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.
- Automatic Expansion Valves
- Thermostatic Expansion Valves
- Electronic Expansion Valves
- Capillary Tubes
- Float Valves
- Commercial and Residential
- Stainless steel
This section covers regional segmentation which accentuates on current and future demand for expansion valve 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 Expansion Valve 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 expansion valve market include EMERSON Climate Technologies, Aashinita Engineering, Fujikoki America, Danfoss Industrial Automation, Bothra Electric and Refrigeration Company, Armstrong International, CASTEL, Parker Hannifin, ACTROL. The electronic expansion valves are manufactured by SANHUA, Dunan and saginomiya Emerson. 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.