Lucintel Forecasts The Global Electronic Expansion Valve Market To Reach $1 Billion By 2030

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According to a market report by Lucintel, 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 billion by 2030 with a CAGR of 7.7% from 2024 to 2030. The major drivers for this market are the 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.
A more than 150-page report to understand trends, opportunity and forecast in global electronic expansion valve market to 2030 by product type (electromagnetic EEV and electric EEM), 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).
Lucintel forecasts that, within the product type category electric EEV is expected to witness a higher growth over the forecast period because it offers better ...
... efficiency of electrically driven EEVs and growing demand for the electronic expansion valve.
Download sample by clicking on electronic expansion valve market.
In terms of regions, 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, SAMSON CONTROLS are the major suppliers in the electronic expansion valve market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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