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Automotive Electronic Expansion Valve Market

Automotive Electronic Expansion Valve Market Size, Share and Segmentation by Type (Electromagnetic, Electric), by Application (Passenger Cars, Commercial Vehicles), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1546 | June 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Automotive Electronic Expansion Valve Market Size was valued at USD 630.38 million in 2021 and is expected to reach USD 992.55 million by 2028 and grow at a CAGR of 6.7% over the forecast period 2022-2028.

Electronic expansion valves in automobiles not only improve performance but also cut energy consumption. Precision control and a larger component load fluctuation than thermal expansion valves are some of the advantages of these valves. The electronic ON/OFF valve is an electronic-controlled solenoid valve that serves as both an expansion valve and a solenoid valve. The electronic expansion valves (EXV) can enable very gradual metering of the refrigerant into the evaporator during an idle-stop because their opening can be controlled even when the air conditioner is turned off. This can extend the time it takes for the air conditioner to cool down after it has been turned off, and it's especially effective in systems with thermal storage evaporators.

Automotive Electronic Expansion Valve Market Revenue Graph

In heavy vehicles, an automobile electronic expansion valve is commonly employed as a cooling system. These cooling systems are used in a variety of applications, ranging from passenger cars to commercial vehicles. Regardless of the speed of the combustion engine, the automobile electronic expansion valve maintains the appropriate temperature for combustion engines. Electronic expansion valves (EEVs) provide various advantages over traditional thermal expansion valves (TXVs), including precise control, a larger range of part load variation, quick and accurate load change response, and the ability to retain maximum capacity control even at part loads. The main benefit of electronic expansion valves is that they save about 18% of energy while still injecting the correct amount of refrigerant.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • The adoption of the vehicle electronic expansion valve is motivated by the need to improve the engine's fuel economy.

  • The rising preference for freight transportation on roadways is expected to drive sales of HCVs.

  • Result of government laws aimed at reducing dangerous gas emissions.

RESTRAINTS: 

  • The vehicle electronic expansion valve market may be constrained by high initial and maintenance expenses.

  • The rising usage of electric vehicles around the world is projected to restrain the worldwide market's growth.

OPPORTUNITIES: 

  • Electromagnetic electronic expansion valves are being used by a number of vehicle OEMs.

  • Governments' efforts to decrease pollution are likely to provide opportunities for electronic expansion valves.

CHALLENGES: 

  • The rising use of electric vehicles around the world would pose a hurdle to market growth.

  • The entire supply chain is beset with unpredictability.

IMPACT OF COVID-19:

COVID-19 began to spread over the world in early 2020, infecting millions of individuals globally, and prompting major countries around the world to impose foot prohibitions and work stoppage orders. Most industries were severely hit, with the exception of medical supplies and life support device producers. Electronic expansion valves in automobiles have also been severely impacted. The automobile electronic expansion valve market has been considerably impacted by supply chain disruption caused by COVID-19. Government-imposed restrictions have impeded the growth of the automotive electronic expansion valve market, causing global manufacturing processes to stall and skilled workers to become unavailable due to social distancing policies.

Various supply chain suppliers are experiencing a raw material scarcity, which is affecting global market growth; if the scenario persists, there is an ever-increasing risk of raw material shortage. Due to the rapid proliferation of COVID-19, the entire supply chain is facing unanticipated concerns and obstacles such as OEM shutdowns, insufficient labor, output decrease, and raw material, all of which have impacted the automotive electronic expansion valve market.

KEY MARKET PLAYERS:

Fujikoki, CAREL INDUSTRIES, SANHUA, Saginomiya, Emerson, DunAn, Castel, VOLGA, Parker, Emerson, and Danfoss Group are some of the major players in the Automotive Electronic Expansion Valve Market.

MARKET ESTIMATION: 

Market, By Type:

The market is divided into two categories based on the kind of type: electric, and electromagnetic. The electromagnetic electronic expansion valve segment is expected to dominate the market. Because it is programmed to sense variations in pressure and temperature at any given position across the vehicle, the electromagnetic electronic expansion valve segment is predicted to develop at a quicker rate during the projection period.

Market, By Application:

The market is divided into applications, which are further divided into commercial vehicles, and passenger cars. During the projection period, the commercial vehicle category is likely to hold the largest share of the market and increase at a quicker rate. LCVs (light commercial vehicles) and HCVs (heavy commercial vehicles) are two types of commercial vehicles (HCVs).

MARKET SEGMENTATION:

By Type:

  1. Electric

  2. Electromagnetic

By Application:

  1. Commercial Vehicles

  2. Passenger Cars

Automotive Electronic Expansion Valve Market Segment Chart

REGIONAL ANALYSIS:

Asia-Pacific, North America, Europe, the Middle East, Africa, and South America make up the worldwide automobile electronic expansion valve market. Asia-Pacific accounts for a sizable portion of the global market for automotive electronic expansion valves. Several sectors in the region are being driven by the significant rise in per capita income in several developing countries in the region. As a result, the automotive electronic expansion valve market is likely to grow throughout the forecast period. Furthermore, the region is home to advanced car markets such as South Korea and Japan, as well as developing countries like China and India. The automotive electronic expansion valve market in the area is developing due to the rising demand for passenger cars as a result of changing lifestyles.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Electronic Expansion Valve Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 630.38 Million
Market Size by 2028 US$ 992.55 Million
CAGR CAGR of 6.7% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Electromagnetic, Electric)
• by Application (Passenger Cars, Commercial Vehicles)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Fujikoki, CAREL INDUSTRIES, SANHUA, Saginomiya, Emerson, DunAn, Castel, VOLGA, Parker, Emerson, and Danfoss Group
Key Drivers •The adoption of the vehicle electronic expansion valve is motivated by the need to improve the engine's fuel economy.

•The rising preference for freight transportation on roadways is expected to drive sales of HCVs.
RESTRAINTS •The vehicle electronic expansion valve market may be constrained by high initial and maintenance expenses.

•The rising usage of electric vehicles around the world is projected to restrain the worldwide market's growth.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Electronic Expansion Valve Market Segmentation, by Type

8.1 Electric

8.2 Electromagnetic

 

9. Global Automotive Electronic Expansion Valve Market Segmentation, by Application

9.1 Commercial Vehicles

9.2 Passenger Cars

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 the USA

10.2.2  Canada

10.2.3  Mexico

10.3 Europe

10.3.1  Germany

10.3.2  the UK

10.3.3  France

10.3.4  Italy

10.3.5  Spain

10.3.6  The Netherlands

10.3.7  Rest of Europe

10.4 Asia-Pacific

10.4.1  Japan

10.4.2  South Korea

10.4.3  China

10.4.4  India

10.4.5  Australia

10.4.6  Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1  Israel

10.5.2  UAE

10.5.3  South Africa

10.5.4  Rest

10.6 Latin America

10.6.1  Brazil

10.6.2  Argentina

10.6.3  Rest of Latin America

 

11. Company Profiles

11.1 Castel

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Fujikoki

11.3 CAREL INDUSTRIES

11.4 SANHUA

11.5 Saginomiya

11.6 Emerson

11.7 DunAn

11.8 Castel

11.9 VOLGA

11.10 Parker

11.11 Emerson

11.12 Danfoss Group

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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