Automotive Electronic Expansion Valve Market is segmented by Type (Electromagnetic and Electric), by Application Type (Commercial Vehicle and Passenger Car), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Automotive Electronic Expansion Valve Market is segmented by Type (Electromagnetic and Electric), by Application Type (Commercial Vehicle and Passenger Car), and by Region&...
An Automotive Electronic Expansion Valve (EXV) is a critical component in modern vehicle air conditioning systems. It precisely regulates the flow of refrigerant into the evaporator based on real-time cooling demand, optimizing temperature control and improving energy efficiency.
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.
Market Drivers
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.
COVID-19 Impact
Since its outset, the pandemic 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.
Segments 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 fastest-growing type of market.
Application-Type Analysis
Commercial Vehicle and Passenger Car
The commercial vehicle is expected to remain the biggest demand generator in the market in 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.
By Type
“The electromagnetic segment is anticipated to remain the dominant and fastest-growing type of market”.
The 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.
By Application Type
“The commercial vehicle is expected to remain the biggest demand generator in the market in the coming years”.
The market is segmented into commercial vehicles and passenger cars. Commercial vehicle is expected to remain the bigger demand generator for automotive electronic expansion valves in the market during the forecast period. The segment is likely to be driven by stringent government regulations to lower emission reduction.
Regional Analysis
“Asia-Pacific is likely to remain the largest market over the forecast period”.
The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). 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 several industries. Consequently, the automotive electronic expansion valve market is anticipated to grow for the forecast period.
The region is a significant producer of automobiles 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.
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Key Players
The following are the key players in the Automotive Electronic Expansion Valve Market (arranged alphabetically)
CAREL Industries
Castel
Danfoss Group
DunAn
Emerson
Fujikoki
Parker
SANHUA
Saginomiya
VOLGA
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
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.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Automotive Electronic Expansion Valve Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
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 with industry experts to obtain both qualitative and quantitative insights.
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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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’ endeavors to vehicular emission reduction.
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.
Fujikoki, SANHUA, DunAn, Saginomiya, Parker, Emerson, Castel, CAREL Industries, VOLGA, and Danfoss Group are the leading players in the automotive electronic expansion valve market.
