DUBLIN--(BUSINESS WIRE)--The "Global Electronic Expansion Valves Market Size, Trends And Growth Opportunity, By Types, By Material, By Category,By End User, By Region and Forecast to 2027." report has been added to ResearchAndMarkets.com's offering.
The Global Electronic Expansion Valves Market was valued at US$ 591.3 million in 2021 and it is expected to reach at US$ 1,114.2 million in 2027 at a CAGR of 6.86 % during forecast period 2022-2027.
The flow of refrigerant in a system is managed by a component called an expansion valve. Controlling a refrigerant's flow through an evaporator and maintaining the differential between the high-pressure side (condenser) and low pressure side are the two fundamental jobs of an expansion valve (evaporator). The system being used determines the selection criteria for the numerous expansion valve types that are available on the global market.
Market Drivers
Electronic expansion valves are used in a variety of items, including deep freezers, water coolers, water chilling facilities, refrigerators, and air conditioners. Rapid urbanisation and industrialization have resulted in the growth of numerous economies. The convenience items that consumers in emerging countries choose are anticipated to drive the market for expansion valves over the forecast period.
Market Restraints
The demand for electronic expansion valves may be affected by the price differential between them and thermostatic expansion valves. The growth of the electronic expansion valve market can be hampered by increased refrigerant flow from electronic expansion valves to the condenser, which results in some liquid entering the compressor and damaging cooling equipment.
Market Segmentation
By Types
- Automatic Expansion Valves
- Thermostatic Expansion Valves
- Electronic Expansion Valves
- Capillary Tubes
- Float Valves
By Material
- Solenoid
- Stainless Steel
- Piezo
- Others
By Category
- Electromagnetic EEV
- Electric EEV
By Application
- Industrial
- Automotive
- Commercial
- Residential
Key Question Addressed by the Report
- What are the Key Opportunities in Global Electronic Expansion Valves Market?
- What will be the growth rate from 2022 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the role of key players in the value chain?
- What is the competitive Landscape in the industry?
Companies Mentioned
- Sanhua
- CAREL INDUSTRIES S.p.A.
- PARKER HANNIFIN CORP.
- Curtiss-Wright.
- ALFA LAVAL
- Valvitalia SpA
- AVK Flow Control
- Apollo Valves
- HAM-LET GROUP
- SAMSON CONTROLS
For more information about this report visit https://www.researchandmarkets.com/r/9mkwdr
