Nov 03, 2020: In this report,global Electronic Expansion Valves Market will reach 452.90 Million USD by the end of 2022.
On the consumption market of Electronic Expansion Valves, the global total consumption volume is equal to the global total production volume, as we do not take the inventory issue into consideration and consider production volume as sales volume. As to the market revenue of Electronic Expansion Valves, the global revenue was estimated about $ 324.99 million in 2016, and the figure is forecasted to reach about $ 452.90 million by the end of 2022.
The electronic expansion valve (EEV) operates with a much more sophisticated design. EEVs control the flow of refrigerant entering a direct expansion evaporator. They do this in response to signals sent to them by an electronic controller.
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Electronic Expansion Valves can be divided into two categories--electronic expansion valves for household products and electronic expansion valves for commercial products. Electronic expansion valves for household products sales market share accounted for the highest proportion, with a figure of 95.64% in 2017, electronic expansion valves for commercial products account for 4.36%.
The sales market share of global Electronic Expansion Valves in home inverter air conditioner and commercial air conditioning & Heat Pump and others has been stable year by year, at 95.64%, 2.75% and 1.61% respectively in 2017, and for several consecutive years, the amplitude was within 3 percent. This indicates that the segment of the Electronic Expansion Valves in the global market tends to be fixed without great changes. Among them, the Electronic Expansion Valves market has the most promising sales prospects in home inverter air conditioner use.
Worldwide, China is the largest market of Electronic Expansion Valves, both in production and consumption market, while China is the largest contributor. It is estimated that China accounts for 64.46 % of the industry total production and consumes about 65.29 % of industry total consumption volume.
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SANHUA is the largest company in the global Electronic Expansion Valves market, accounted for 31.84% of the revenue market share in 2016, followed by Fujikoki and DunAn, accounted for 25.85% and 19.11% of the revenue market share in 2017. The price gap is relatively large of electronics expansion valves between different companies. These companies' sales volume is in small-scale sales with high price. These companies are often integrated enterprise valve manufacturer. They have advanced technology and rich production line. The generally price range is between 160$/unit to 450 $/unit, which does not include the price of the controller and sensors.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Electronic Expansion Valves in these regions, from 2014 to 2026 (forecast), covering
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- South America (Brazil, Argentina, Columbia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Electronic Expansion Valves market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Fujikoki
- SANHUA
- DunAn
- Saginomiya (Danfoss Poland)
- Danfoss
- Parker
- Emerson
- Castel
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Electronic Expansion Valves for Household Products
- Electronic Expansion Valves for Commercial Products
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Electronic Expansion Valves for each application, including
- Home Inverter Air Conditioner
- Commercial Air Conditioning & Heat Pump
- Other
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