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    Automotive Electronic Expansion Valve Market Report

    Automotive Electronic Expansion Valve Market Report
    Report code - SR2356 Delivery - 2 Weeks
    Automotive Electronic Expansion Valve Market Size, Share, Trend, Forecast, Competitive Ana See more...

    Market Insights

    Automotive electronic expansion valves are usually used in the cooling systems of heavy vehicles, where they precisely regulate the refrigerant flow into the evaporator. These valves maintain the ideal temperature for combustion engines regardless of the combustion speed. 

    Since its outset, the pandemic has had a significant impact on the market for automotive electronic expansion valves. The imposition of travel restrictions and social distancing norms has caused a significant disruption in the supply chain networks for the major market regions. The global manufacturing processes that were halted as a result of the partial or total lockdowns imposed by governments also had a significant impact on the development of the automotive electronic expansion valve industry. The development and global sales of these valves have also been significantly impacted by the shortage of skilled labor brought on by social distancing regulations.

    The growth of the automotive electronic expansion valve market is likely to be driven by growing demand for noiseless, independent, and compact engine cooling systems. Several advantages, which include compliance, noise reduction, reliability, ideal temperature control quality, low hysteresis, and flexible arrangements with exhaust emission norms, would provide a positive outlook to the market. Additionally, growth of the market is also driven by governments’ endeavours to vehicular emission reduction. Overall, the automotive electronic expansion valve market is likely to grow at a promising CAGR of 6.2% over the forecast period. 

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Type Analysis

    Electromagnetic and Electric

    The electromagnetic segment is anticipated to remain the dominant and faster-growing type of automotive electronic expansion valve market in the years to come.

    Application-Type  Analysis

    Commercial Vehicle and Passenger Car

    Commercial vehicle is expected to remain the bigger demand generator for automotive electronic expansion valve in the market over the coming years.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    Asia-Pacific is likely to remain the largest market over the forecast period.

     

    Based on the type, the automotive electronic expansion valve market is segmented into electromagnetic and electric. Electromagnetic electronic expansion valve is expected to remain the more preferred type of electronic expansion valve in the market during the forecast period owing to the ability of the valve to measure changes in temperature and pressure at any given point across the vehicle.

    Based on the application type, the market is segmented into commercial vehicle and passenger car. Commercial vehicle is expected to remain the bigger demand generator for automotive electronic expansion valve in the market during the forecast period. The segment is likely to be driven by stringent government regulations to lower emission reduction.

    In terms of regions, Asia-Pacific is expected to remain the largest market for automotive electronic expansion valves during the forecast period. The swift increase in per capita income across the region's developing nations is fueling a number of industries. Consequently, the automotive electronic expansion valve market is anticipated to grow over the course of the forecast period. The region is a significant producer of automotives in the world. In addition, the region is home to developing nations such as China and India as well as markets for vehicles that are technologically advanced, such as South Korea and Japan. The region's automotive electronic expansion valve market is expanding due to a rise in passenger car demand brought on by changing lifestyles.

    Key Players

    The following are the key players in the automotive electronic expansion valve market:

    • Fujikoki
    • SANHUA
    • DunAn
    • Saginomiya
    • Parker
    • Emerson
    • Castel
    • CAREL Industries
    • VOLGA
    • Danfoss Group

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive electronic expansion valve market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The automotive electronic expansion valve market is segmented into the following categories:

    Automotive Electronic Expansion Valve Market, by Type

    • Electromagnetic (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Electric (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Automotive Electronic Expansion Valve Market, by Application Type

    • Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Automotive Electronic Expansion Valve Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and the Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    The automotive electronic expansion valve market is estimated to grow at a CAGR of 6.2% by 2028, driven by growing demand for noiseless, independent, and compact engine cooling systems, several advantages offered by the product, and governments endeavours to vehicular emission reduction.

    Fujikoki, SANHUA, DunAn, Saginomiya, Parker, Emerson, Castel, CAREL Industries, VOLGA, and Danfoss Group are the leading players in the automotive electronic expansion valve market.

    Asia-Pacific is estimated to remain dominant in the automotive electronic expansion valve market in the foreseeable future. The dominance of the region is driven by significant automotive production and rising passenger car demand brought on by changing lifestyles.

    Electromagnetic electronic expansion valve is expected to remain dominant in the market during the forecast period owing to the ability of the valve to measure changes in temperature and pressure at any given point across the vehicle.

    The growth of the automotive electronic expansion valve market is likely to be driven by growing demand for noiseless, independent, and compact engine cooling systems. Additionally, growth of the market is also driven by governments endeavours to vehicular emission reduction.

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