To help users, readers, and investors understand the market scenario precisely, Reports and Data has published a new report on the global Electronic Expansion Valves market. The market growth is driven by extensive product usage for refrigeration and air conditioning applications. The electronic expansion valves were introduced as an evolution in the traditional thermal expansion valve. The product is way more sophisticated, which enables the refrigeration system to work efficiently and accurately. These valves prevent the flooding in refrigerant into the compressor and ensuring the compressor does not breakdown. Electronic expansion valves not only offer better performance but significantly reduce energy consumption. Some of the key benefits offered by these valves include precise control, wider part load variation than thermal expansion valve, maximum capacity control even at part loads, fast & accurate response to load change, the right amount of refrigerant injections, and significant energy saving.In addition to market share, revenue growth, market size, drivers, restraints, growth opportunities, limitations, top companies and market segmentation, the report also offers in-depth information about market segments, drivers, restraints, growth opportunities, and limitations. A thorough primary and secondary research process was undertaken to compile the report, which is verified by industry experts. The data is well-represented with the use of charts, graphs, tables, figures and other pictorial elements.

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Market Overview:

As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2023 and 2027. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, R&D investments, and joint ventures to gain robust footing in the market.  Key players contributing towards electronic expansion market share are Sanhua Europe, DunAn, CAREL INDUSTRIES, Castel, VOLGA, Fujikoki Corp., Danfoss Group, Zhejiang DUNAN Artificial Environment co., LTD, Emerson Electric Co., and Parker-Hannifin Corporation, among others.

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Electronic Expansion Valves Market Segmentation:

Type Outlook:

  • Electromagnetic Expansion Valves
  • Electric Expansion Valves

Application Outlook:

  • Air Conditioning
  • Refrigeration
  • Others

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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