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).
Report ID: Rn316036740 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Flow Type
    2. Market Snapshot, By Material Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Electronic Expansion Valves Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Awareness About Environmental Sustainability

        2. Government Regulations and Policies

        3. Technological Advancements in HVAC and Refrigeration

      2. Restraints
        1. Complexity of Installation and Maintenance

        2. Limited Awareness in Developing Regions

        3. Availability of Alternative Technologies

      3. Opportunities
        1. Growing Adoption of Renewable Energy Sources

        2. Innovations in EEV Technology

        3. Integration with IoT and Smart Home Devices

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electronic Expansion Valves Market, By Flow Type, 2021 - 2031 (USD Million)
      1. Electromagnetic expansion valves
      2. Electric expansion valves
    2. Global Electronic Expansion Valves Market, By Material Type, 2021 - 2031 (USD Million)
      1. Stainless steel
      2. Copper
      3. Brass
    3. Global Electronic Expansion Valves Market, By Application, 2021 - 2031 (USD Million)
      1. Air Conditioning
      2. Refrigeration
    4. Global Electronic Expansion Valves Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sanhua Europe
      2. CAREL INDUSTRIES S.p.A
      3. VOLGA
      4. Danfoss Group
      5. Fujikoki Corporation
      6. Zhejiang DUNAN Artificial Environment Co., LTD
      7. Parker-Hannifin Corporation
      8. Emerson Electric Co.
  7. Analyst Views
  8. Future Outlook of the Market