Global Electronic Expansion Valves Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Flow Type;
Electromagnetic expansion valves and Electric expansion valves.By Material Type;
Stainless steel, Copper, and Brass.By Application;
Air Conditioning, Refrigeration, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Electronic Expansion Valves Market (USD Million), 2021 - 2031
In the year 2024, the Global Electronic Expansion Valves Market was valued at USD 814.68 million. The size of this market is expected to increase to USD 1,451.43 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.6%.
The Global Electronic Expansion Valves (EEVs) Market has witnessed significant growth in recent years, driven by increasing demand for energy-efficient HVAC (Heating, Ventilation, and Air Conditioning) systems and refrigeration technologies. EEVs play a crucial role in regulating the flow of refrigerant in these systems, enhancing their overall efficiency and performance. With the rising awareness about environmental sustainability and the need to reduce energy consumption, industries and consumers alike are shifting towards advanced cooling solutions that incorporate electronic expansion valves. Additionally, government regulations and policies aimed at minimizing greenhouse gas emissions are further propelling the adoption of EEVs across various sectors, including commercial, residential, and industrial applications.
Technological advancements and innovations in the field of HVAC and refrigeration are also contributing to the expansion of the EEV market. Manufacturers are continuously developing smarter and more sophisticated EEVs with features such as precise control, compatibility with various refrigerants, and enhanced durability. These advancements not only improve the efficiency of cooling systems but also offer better reliability and longer lifespan. The increasing penetration of IoT (Internet of Things) and automation in HVAC systems is another factor driving market growth, as EEVs can be integrated into smart systems for optimized performance and remote monitoring. As a result, the Global Electronic Expansion Valves Market is poised for robust growth in the coming years, catering to the evolving needs of energy-conscious consumers and industries.
Global Electronic Expansion Valves Market Recent Developments
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In August 2022, Emerson Electric Co. expanded its electronic expansion valve product line to enhance energy efficiency in commercial refrigeration systems.
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In February 2023, Danfoss introduced a new series of electronic expansion valves optimized for eco-friendly refrigerants, supporting sustainable HVAC solutions.
Segment Analysis
The Global Electronic Expansion Valves (EEVs) Market can be segmented based on type, application, and region. By type, the market is divided into pulse width modulation (PWM) and
By flow type, the market is categorized into electromagnetic expansion valves and electric expansion valves. Electromagnetic expansion valves operate through solenoids that precisely control the refrigerant flow, offering high responsiveness and efficiency. These valves are widely adopted in commercial refrigeration and industrial cooling applications, where precise temperature control is critical. On the other hand, electric expansion valves use stepper motors for better modulation of refrigerant flow, providing superior control over cooling capacity and efficiency. With rising demand for energy-efficient systems, electric expansion valves are expected to witness higher growth, particularly in smart HVAC systems integrated with IoT and automation technologies.
By material type, the market is segmented into stainless steel, copper, and brass. Stainless steel electronic expansion valves dominate the market due to their high durability, corrosion resistance, and ability to withstand extreme temperatures and pressures. They are widely used in industrial refrigeration and HVAC applications where longevity and robustness are essential. Copper expansion valves, known for their excellent thermal conductivity and cost-effectiveness, are predominantly used in residential and small-scale commercial air conditioning systems. Brass expansion valves, offering a balance of strength, corrosion resistance, and affordability, find applications in both HVAC and refrigeration sectors, particularly in environments with moderate operating conditions. The growing preference for stainless steel in high-performance applications and the cost-effectiveness of copper make these two materials key contributors to market growth.
By application, the electronic expansion valves market is classified into air conditioning, refrigeration, and others. The air conditioning segment holds the largest market share, driven by increasing adoption of energy-efficient air conditioning systems across residential, commercial, and industrial sectors. The integration of electronic expansion valves in air conditioning units enhances cooling efficiency, reduces power consumption, and enables precise temperature regulation, making them highly preferred in modern HVAC systems. The refrigeration segment is also witnessing robust growth due to rising demand for advanced refrigeration solutions in food and beverage, healthcare, and cold chain logistics. EEVs play a crucial role in optimizing cooling performance, reducing energy costs, and complying with stringent environmental standards in commercial refrigeration systems. The others segment, which includes automotive air conditioning and industrial cooling systems, is also experiencing steady growth, fueled by advancements in electric vehicles (EVs) and the increasing need for efficient cooling solutions in industrial applications.
Global Electronic Expansion Valves Market Analysis
The Global Electronic Expansion Valves Market has been segmented by Flow Type, Material Type, Application and Geography.
Global Electronic Expansion Valves Market, Segmentation by Flow Type
The Global Electronic Expansion Valves Market has been segmented by Flow Type into Electromagnetic expansion valves and Electric expansion valves.
The Global Electronic Expansion Valves (EEVs) Market is segmented by flow type into two main categories: Electromagnetic expansion valves and Electric expansion valves. Electromagnetic expansion valves, also known as solenoid valves, utilize electromagnetic force to control the flow of refrigerant. These valves are characterized by their rapid response time and precise control, making them suitable for applications that require quick adjustments and high efficiency. Their ability to operate efficiently under varying load conditions has made them popular in commercial refrigeration systems and advanced HVAC applications. As industries seek to enhance energy efficiency and meet stringent environmental regulations, the demand for electromagnetic expansion valves is expected to rise.
On the other hand, Electric expansion valves use an electric motor to regulate the flow of refrigerant. These valves are known for their high precision and ability to maintain stable operation over a wide range of conditions. Electric expansion valves are particularly advantageous in systems that require fine-tuned control and consistent performance, such as residential air conditioning and high-end commercial applications. The growing adoption of smart technologies and automation in HVAC systems further boosts the demand for electric expansion valves, as they can be easily integrated into smart systems for remote monitoring and control. As technological advancements continue to enhance the capabilities of electric expansion valves, their market share is anticipated to grow, driven by the need for more efficient and reliable cooling solutions across various sectors.
Global Electronic Expansion Valves Market, Segmentation by Material Type
The Global Electronic Expansion Valves Market has been segmented by Material Type into Stainless steel, Copper, and Brass.
Stainless steel is one of the most preferred materials in the electronic expansion valves market due to its excellent corrosion resistance, durability, and high strength. It is widely used in applications where the valve is exposed to harsh environmental conditions, such as marine refrigeration, industrial refrigeration, and high-pressure HVAC systems. Stainless steel electronic expansion valves offer long-term reliability and resistance to oxidation, which is particularly beneficial in humid or chemically aggressive environments. Additionally, stainless steel is known for its ability to withstand high temperatures and pressures, making it suitable for demanding applications that require robust and durable components. Despite its higher cost compared to other materials, the long lifespan and superior performance of stainless steel valves make them a valuable investment for businesses looking for long-term operational efficiency.
Copper, on the other hand, is known for its exceptional thermal conductivity, making it a widely used material in the electronic expansion valves market, particularly in HVAC and refrigeration applications. Copper electronic expansion valves facilitate efficient heat exchange and ensure optimal refrigerant flow control, contributing to the overall energy efficiency of cooling systems. Furthermore, copper is relatively lightweight and easy to work with, which simplifies the manufacturing and installation processes. Its antimicrobial properties also make it a preferred choice for applications in food storage and medical refrigeration, where hygiene is a critical factor. However, copper is susceptible to corrosion, especially in environments with high humidity and exposure to chemicals such as ammonia. To mitigate this issue, manufacturers often apply protective coatings or use copper alloys that enhance corrosion resistance while maintaining the material's beneficial properties.
Brass is another commonly used material in the electronic expansion valves market, offering a balance between durability, cost-effectiveness, and ease of machining. Composed primarily of copper and zinc, brass provides good mechanical strength and moderate corrosion resistance, making it suitable for various HVAC and refrigeration applications. One of the key advantages of brass electronic expansion valves is their affordability compared to stainless steel, making them an attractive option for budget-conscious buyers. Additionally, brass components can be easily manufactured into complex shapes and customized according to specific requirements, providing flexibility in design. However, brass may not be as resistant to extreme environmental conditions as stainless steel, and in some cases, it may require additional protective measures to enhance its longevity.
Global Electronic Expansion Valves Market, Segmentation by Application
The Global Electronic Expansion Valves Market has been segmented by Application into Air Conditioning, Refrigeration and Others.
The Global Electronic Expansion Valves (EEVs) Market is segmented by application into Air Conditioning, Refrigeration, and Others. The Air Conditioning segment holds a significant share of the market due to the widespread use of HVAC systems in residential, commercial, and industrial settings. EEVs are integral in air conditioning systems for their ability to precisely control refrigerant flow, thereby enhancing energy efficiency and system performance. With the rising global temperatures and increasing urbanization, the demand for efficient air conditioning systems is on the rise. This has led to greater adoption of EEVs, as they help in meeting energy efficiency standards and reducing operational costs.
The Refrigeration segment is also a major contributor to the EEV market, driven by the need for reliable and efficient cooling solutions in sectors such as food and beverage, pharmaceuticals, and logistics. EEVs are crucial in refrigeration systems for maintaining optimal temperatures and ensuring the preservation of perishable goods. The growing emphasis on cold chain logistics and the expansion of supermarket and convenience store chains are further propelling the demand for advanced refrigeration systems equipped with EEVs. Additionally, the "Others" segment, which includes applications in heat pumps and industrial cooling, is witnessing growth as industries seek to improve process efficiency and reduce energy consumption. The versatility and precision offered by EEVs make them an essential component in a wide range of cooling applications, driving their market growth across various sectors.
Global Electronic Expansion Valves Market, Segmentation by Geography
The Global Electronic Expansion Valves Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Electronic Expansion Valves Market Share (%), by Geographical Region, 2024
The Global Electronic Expansion Valves (EEVs) Market is segmented by geography into five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America holds a substantial share of the market due to the high adoption rate of advanced HVAC and refrigeration systems. The presence of major manufacturers and the implementation of stringent energy efficiency regulations further drive the demand for EEVs in this region. The United States, in particular, is a significant contributor, with increasing investments in smart building technologies and sustainable infrastructure projects. As industries and consumers alike prioritize energy-efficient solutions, the market for EEVs in North America is expected to continue its robust growth.
Europe also represents a significant market for EEVs, driven by stringent environmental regulations and a strong focus on reducing carbon emissions. Countries like Germany, France, and the United Kingdom are at the forefront of adopting advanced HVAC technologies, thereby boosting the demand for EEVs. Meanwhile, the Asia Pacific region is anticipated to exhibit the fastest growth rate, fueled by rapid urbanization, industrialization, and increasing disposable incomes in countries such as China and India. The expanding middle class and the construction of new commercial and residential buildings are driving the demand for energy-efficient air conditioning and refrigeration systems. Additionally, the Middle East and Africa and Latin America regions are emerging markets with growing infrastructure development and a rising need for modern cooling solutions, offering significant growth opportunities for the EEV market in the coming years.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Electronic Expansion Valves Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Rising Awareness About Environmental Sustainability
- Government Regulations and Policies
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Technological Advancements in HVAC and Refrigeration: Technological advancements in HVAC (Heating, Ventilation, and Air Conditioning) and refrigeration systems have revolutionized the industry by enhancing energy efficiency, performance, and user comfort. One of the significant breakthroughs is the integration of IoT (Internet of Things) and smart technologies. Modern HVAC systems are now equipped with sensors and connectivity features that allow for real-time monitoring, remote control, and predictive maintenance. These smart systems can adjust settings automatically based on occupancy and ambient conditions, leading to substantial energy savings and improved indoor air quality. Additionally, advancements in variable refrigerant flow (VRF) technology and inverter-driven compressors have enabled more precise temperature control and reduced energy consumption, making HVAC systems more responsive and efficient.
In refrigeration, technological innovations have focused on improving the efficiency and reliability of cooling systems, particularly in commercial and industrial applications. The development of advanced refrigerants with lower global warming potential (GWP) has been a critical area of research, driven by regulatory requirements to reduce environmental impact. Moreover, the adoption of electronic expansion valves (EEVs) has significantly improved the performance of refrigeration systems by providing precise control over refrigerant flow, thereby optimizing cooling efficiency and reducing energy usage. Other notable advancements include the use of digital scroll compressors, which offer better modulation and load matching capabilities, and the integration of advanced defrosting technologies that enhance system performance and reliability. These technological advancements collectively contribute to more sustainable and efficient HVAC and refrigeration solutions, addressing both environmental concerns and the growing demand for energy-efficient systems.
Restraints:
- Complexity of Installation and Maintenance
- Limited Awareness in Developing Regions
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Availability of Alternative Technologies: The availability of alternative technologies in HVAC and refrigeration has expanded significantly in recent years, driven by the need for more environmentally friendly and energy-efficient solutions. One notable alternative is the adoption of natural refrigerants such as ammonia, propane, and carbon dioxide (CO2). These refrigerants have lower global warming potential (GWP) compared to traditional synthetic refrigerants like hydrofluorocarbons (HFCs) and chlorofluorocarbons (CFCs), making them attractive choices for sustainable cooling applications. Natural refrigerants are also more energy-efficient and comply with stringent environmental regulations, driving their adoption across various sectors, including supermarkets, food processing, and industrial refrigeration.
Another alternative technology gaining traction is magnetic refrigeration. This technology utilizes the magnetocaloric effect to achieve cooling without the use of traditional refrigerants. Magnetic refrigeration systems are known for their high efficiency, low noise levels, and reduced environmental impact. Although still in the development and early commercialization stages, magnetic refrigeration holds promise for future applications in residential and commercial cooling, especially as research continues to improve efficiency and scalability. Additionally, advancements in thermal storage systems and phase change materials (PCMs) offer alternative approaches to energy storage and temperature regulation in HVAC systems, providing flexibility and enhancing overall system efficiency. These alternative technologies contribute to a diverse and rapidly evolving landscape in HVAC and refrigeration, offering solutions that address both environmental concerns and energy efficiency requirements.
Opportunities:
- Growing Adoption of Renewable Energy Sources
- Innovations in EEV Technology
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Integration with IoT and Smart Home Devices: Integration with IoT (Internet of Things) and smart home devices is transforming the HVAC and refrigeration industry by enabling unprecedented levels of control, efficiency, and convenience for consumers and businesses alike. IoT technology allows HVAC and refrigeration systems to connect to the internet, enabling remote monitoring, management, and optimization of these systems from anywhere via smartphones, tablets, or computers. This connectivity facilitates real-time data collection and analysis, which can be used to adjust settings, detect anomalies, and predict maintenance needs proactively. For consumers, smart thermostats equipped with IoT capabilities offer personalized comfort settings and energy-saving features, such as scheduling and occupancy sensing, to optimize energy use while maintaining indoor comfort levels.
In commercial applications, IoT integration in HVAC and refrigeration systems enables facility managers to monitor and control multiple systems across different locations from a centralized platform. This centralized control allows for efficient management of energy consumption, preventive maintenance scheduling, and compliance with regulatory standards. Moreover, IoT-enabled sensors and actuators provide valuable insights into equipment performance and energy usage patterns, empowering businesses to make data-driven decisions to improve operational efficiency and reduce costs. As IoT technology continues to advance, the integration of HVAC and refrigeration systems with smart home devices and IoT platforms is expected to further enhance system intelligence, responsiveness, and sustainability across residential, commercial, and industrial sectors.
Competitive Landscape Analysis
Key players in Global Electronic Expansion Valves Market include:
- Sanhua Europe
- CAREL INDUSTRIES S.p.A
- VOLGA
- Danfoss Group
- Fujikoki Corporation
- Zhejiang DUNAN Artificial Environment Co., LTD
- Parker-Hannifin Corporation
- Emerson Electric Co.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Flow Type
- Market Snapshot, By Material Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Electronic Expansion Valves Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Rising Awareness About Environmental Sustainability
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Government Regulations and Policies
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Technological Advancements in HVAC and Refrigeration
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- Restraints
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Complexity of Installation and Maintenance
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Limited Awareness in Developing Regions
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Availability of Alternative Technologies
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- Opportunities
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Growing Adoption of Renewable Energy Sources
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Innovations in EEV Technology
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Integration with IoT and Smart Home Devices
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Electronic Expansion Valves Market, By Flow Type, 2021 - 2031 (USD Million)
- Electromagnetic expansion valves
- Electric expansion valves
- Global Electronic Expansion Valves Market, By Material Type, 2021 - 2031 (USD Million)
- Stainless steel
- Copper
- Brass
- Global Electronic Expansion Valves Market, By Application, 2021 - 2031 (USD Million)
- Air Conditioning
- Refrigeration
- Global Electronic Expansion Valves Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Electronic Expansion Valves Market, By Flow Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Sanhua Europe
- CAREL INDUSTRIES S.p.A
- VOLGA
- Danfoss Group
- Fujikoki Corporation
- Zhejiang DUNAN Artificial Environment Co., LTD
- Parker-Hannifin Corporation
- Emerson Electric Co.
- Company Profiles
- Analyst Views
- Future Outlook of the Market