Key Highlights

• Electronic expansion valves (EEV) are advanced controls used in refrigerators and air conditioners to control the flow of refrigerant through the system. Unlike traditional expansion valves, EEVs operate electronically, allowing for more efficient and effective refrigerant management. EEV has a valve body equipped with a motor or electronic control system. This system controls valve opening in response to real-time data from sensors including temperature, pressure and stem load. EEV ensures the efficiency and energy efficiency of the air conditioner or refrigerator by adjusting the refrigerant flow according to these parameters. One of the advantages of EEV is its ability to adapt to different situations. Replacing an air conditioner, EEV can adjust refrigerant flow on the fly to maintain the correct temperature and efficiency. This dynamic control saves energy, reduces wear and tear on body parts and improves overall performance. EEV can be used in many cooling systems including air conditioners, heat pumps, refrigerators and chillers. Their high level of control and efficiency makes them an essential part of today's HVACR (heating, ventilation, air conditioning and refrigeration) systems, helping to save energy and increase environmental protection in air conditioning and refrigeration systems.

• The market size of the worldwide Electronic Expansion Valves (EEV) Industry surpassed USD XX Billion in 2023, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.

• In February 2023, Saginomiya honoring the most innovative and excellent technologies, products, and services exhibited award at CEATEC 2020.

• The increasing need for energy efficiency and temperature control in industries is increasing the demand for electric expansion valves (EEV), especially in the HVACR sector (heating, ventilation, air conditioning and refrigeration). One of the main drivers is the global focus on energy conservation and environmental sustainability. EEV reduces energy consumption by enabling machines to operate efficiently. As energy costs rise and environmental concerns intensify, businesses are increasingly using EEVs to meet stringent energy efficiency regulations and reduce their carbon footprint. In addition, the increasing demand for smart and connected HVACR systems is also driving the adoption of EEV. With the rise of Internet of Things (IoT) technology, EEV can be integrated into smart systems to provide remote monitoring and control. This capability improves overall management, enables predictive maintenance, reduces downtime and optimizes energy usage, essential for real estate and business. Additionally, the increasing need for comfort in homes, offices and workplaces and the increase in electricity usage have also encouraged the adoption of EEVs. Temperature control, rapid response to changes and quiet operation make EEVs important in air conditioning and cooling systems. Both manufacturers and consumers are aware of the importance of EEVs in achieving comfort and efficiency, increasing the market's demand for these electric vehicles.

Scope of the Industry Profile

Key Players

• Sanhua Europe (Spain)

• Carel Industries S.p.A. (Italy)

• VOLGA (Russia)

• Danfoss Group (Denmark)

• Fujikoki Corporation (Japan)

• Zhejiang DUNAN Artificial Environment Co. Ltd. (China)

• Parker-Hannifin Corporation (US)

• Emerson Electric Co. (US)

• Castel (US)

Segmentation

By Valve Body Material

• Stainless Steel

• Brass

• Other Materials

By Type

• Capillary Tube EEV

• Thermostatic EEV

• Electronic EEV

• Pilot-Operated EEV

• Digital EEV

By Refrigerant

• HFC – Hydrofluorocarbons

• HFO - Halogenated Fluorine Olefins

• Natural Refrigerants

• Other Refrigerants

By Application

• Automotive

• Pharmaceutical

• Transport Refrigeration

• Food Retail

• Cold Storage

• Industrial Applications

• Other Applications

What to Expect from Industry Profile

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Electronic Expansion Valves (EEV) market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Electronic Expansion Valves (EEV) market.

3. Leading company profiles reveal details of key Electronic Expansion Valves (EEV) market players’ global operations, strategies, financial performance & their recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Electronic Expansion Valves (EEV) market with forecast for decade by both market share (%) & revenue (USD Million).

Recent Development

• In February 2023, Saginomiya honoring the most innovative and excellent technologies, products, and services exhibited award at CEATEC 2020.

Segment Insights

By Valve Body Material

The demand for stainless steel electronic expansion valves (EEV) is driven by several factors. First, stainless steel's exceptional durability and corrosion resistance make it ideal for harsh environments such as the marine, chemical and food industries. Stainless steel EEVs are important because they provide long life and low maintenance in areas where rust and corrosion are important. Stainless steel EEVs require strict hygiene and safety standards in industries such as medicine, biotechnology and medical care. These valves are used in important applications where the risk of contamination must be minimized, ensuring the integrity of the process and the safety of the final product. The diversity of stainless steel EEVs is an important factor. Because they can withstand high temperatures, they are widely used in industries such as HVACR (heating, ventilation, air conditioning and refrigeration), automotive and aerospace. Stainless steel EEVs are an integral part of modern refrigerators and air conditioners and meet the needs of the industry by ensuring efficient refrigerant management, efficient operation and good uptime. There is more information about the role of sustainability and environmental protection. Stainless steel is a recyclable and environmentally friendly material. Businesses looking for good solutions choose stainless steel EEV to meet the needs of various industries trying to reduce their environmental impact.

By Type

The need for capillary electronic expansion valves (EEVs) arises from the specific requirements and advantages of specific applications. First, their simplicity and affordability make them ideal for small refrigerators, especially household appliances such as refrigerators and freezers. Capillary EEVs are compact and reliable, suitable for applications where space is limited and simple control mechanisms are sufficient. Second, capillary EEVs are effective in low-volume systems often found in air conditioners, dehumidifiers, and small refrigerators. Their ability to maintain a stable refrigerant under different conditions is crucial for consistent performance in these applications. In addition, capillary EEV is often used in special air conditioning systems where maintaining sufficient refrigerant is important. For example, they are used in laboratory equipment, medical equipment, and research equipment where temperature control is required for experiments and research. Additionally, capillary EEV is a popular option in some air conditioners for its reliability and efficiency. As the automotive industry continues to grow, demand for valves in air conditioning systems remains constant. In summary, the need for capillary EEV electric expansion valves arises from their simplicity, reliability and low performance. - The machine is suitable and capable of special applications where temperature control is important. These factors make them the first choice for many industries and applications.

Regional Insights

In North America, several factors are driving demand for electric expansion valves (EEV) across the industry. First, the region's strong HVACR (heating, ventilation, air conditioning and refrigeration) sector is an important factor. EEVs are a key component of modern air conditioners and refrigerators, providing precise control of refrigerants. As the demand for energy-saving and environmentally friendly solutions continues to grow, EEVs are sought after for their ability to increase efficiency and reduce low energy consumption. Second, increasing energy efficiency and the importance of safety are increasing the use of EEVs. Both businesses and consumers are increasingly aware of their impact on the environment, creating a need for technologies that optimize energy use. EEVs play a key role in achieving energy efficiency goals by controlling refrigerant flow, reducing waste and improving overall system performance. Third, the North American automotive industry is the main driver of EEV demand. With the increasing production of electric vehicles and the need for good thermal management, EEVs have become an important component of air conditioners and refrigerators. As the demand for electric vehicles continues to grow, so does the demand for EEVs, leading to their adoption in the automotive industry. Additionally, advances in IoT (Internet of Things) technology have made smart HVACR systems using EEV possible. These smart systems are driving demand for EEVs in North America by providing remote monitoring and control functions to improve user experience and physical performance.