The global market for electronic expansion valves in the air conditioning industry witnessed substantial growth in 2020 and is projected to maintain a noteworthy compound annual growth rate (CAGR) throughout the forecast period. The increasing pace of climatic changes and the growing demand for cooling and heating solutions are expected to be key drivers of the air conditioning electronic expansion valves market expansion.
Air conditioning systems equipped with electronic expansion valves (EEVs) contribute to significant energy savings ranging from 15% to 35% annually. These valves provide improved operating conditions for compressors, minimize mechanical wear and tear, and reduce maintenance costs. Moreover, their versatility allows them to be compatible with a wide range of refrigerants, offering a distinct advantage over mechanical valves in terms of construction and refrigerant compatibility.
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Top Profiled Companies in the Global Air Conditioning Electronic Expansion Valves (EEV) Market Report:
Fujikoki, Castel, Saginomiya+(Danfoss Poland), Emerson, SANHUA, Parker, DunaAn, Danfoss, and Carel.
The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare & nutrition, personal care & hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
By Type: (Revenue, USD Million; 2018 - 2028)
· Electromagnetic EEV
· Electric EEV
· Others
By Application: (Revenue, USD Million; 2018 - 2028)
· Home Inverter Air Conditioner
· Commercial Air Conditioning
· Others
Key Takeaways of the Global Air Conditioning Electronic Expansion Valves (EEV) Market Report:
· A comprehensive overview of the global Air Conditioning Electronic Expansion Valves (EEV) industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Air Conditioning Electronic Expansion Valves (EEV) market.
· Elaborate study of the leading regional markets in the global Air Conditioning Electronic Expansion Valves (EEV) market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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