The future of the global electronic expansion valve market looks promising with opportunities in the home inverter air conditioner and commercial air conditioning & heat pump markets. The global electronic expansion valve market is expected to reach an estimated $1.1 billion by 2030 with a CAGR of 7.7% from 2024 to 2030. The major drivers for this market are increasing demand for electronic expansion valves in the refrigeration and air conditioning industries, growth in the automotive industry, and rising awareness of carbon emission in different regions.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the electronic expansion
valve market by product type (electromagnetic EEV and electric eev),
application (home inverter air conditioner, commercial air conditioning
& heat pump, and others), and region (North America, Europe, Asia Pacific,
and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
electromagnetic EEV and electric EEV are the major segments of electronic
expansion valve market by product type. Lucintel forecasts that electric EEV is
expected to witness the higher growth over the forecast period because it
offers better efficiency of electrically driven EEVs and growing demand for the
electronic expansion valve.Within this market, commercial air conditioning
& heat pump will remain the larger segment due to widespread use of the
device in data centers, manufacturing sites, hypermarkets, and other
environments for space cooling applications.
North America will
remain the largest region over the forecast period due to increase in regional
government efforts to encourage the installation of more energy-efficient air
conditioning systems and lower energy consumption.
Sanhua, Carel
Industries, Parker Hannifin, Curtiss-Wright, Alfa Laval, Valvitalia, Avk Flow
Control, Apollo Valves, Ham-Let Group, and Samson Controls are the major
suppliers in the electronic expansion valve market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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