Published by mark itwired
Posted on October 6, 2021
3 min readLast updated: January 31, 2026
The Expansion Valves Market is set to grow 1.5X by 2030, driven by electric car sales and air conditioning demand, despite COVID-19 challenges.
Ascending electric car sales will remain among the key factors driving sales of electronic expansion valves. Having surpassed the value pool of US$ 15 Bn in 2019, global market for expansion valves is upheld by superior functional attributes, such as superheat control over enhanced load range capacity. Even distribution of refrigeration, coupled with stabilized system fluctuations, make electronic expansion valves a high-growth area for manufacturers.
“Expansion valves market value will expand 1.5X during 2020 – 2030. Disrupted supply chains and distribution channels are compelling manufacturers to map trade alternatives through countries that show signs of recovery from COVID-19 crisis,” says the FMI analyst.
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Key Takeaways of Expansion Valves Market Study
Expansion Valves Market – Key Growth Factors
Expansion Valves Market – Key Restraint
Impact of COVID-19 on Expansion Valves Market
The COVID-19 pandemic poses multiple challenges facing the manufacturing industry. Likewise, expansion valve manufacturers are also temporarily facing the adverse effects of COVID-19. However, the importance of refrigeration and air conditioning will continue to drive demand for expansion valves steadily. Since agriculture harvest is facing an unprecedented fall in the supply chain, cold storage providers will witness an increase in demand for their services to preserve the harvest. This will further increase demand for expansion valves from the refrigeration industry. Pharmaceutical products and vaccines will also present financially rewarding opportunities, as they require comprehensive refrigeration technology. Most importantly, servers and data centres that host IT services supporting social distancing during COVID-19 all run in carefully air conditioned systems. These systems employ expansion valves for effective and energy-efficient air conditioning.
Explore the full Expansion Valves market report with 285 illustrative figures, 101 data tables and table of contents. Request ToC of the study at https://www.futuremarketinsights.com/askus/rep-gb-4681
Competitive Landscape of Expansion Valves Market
Market players that shape the competitive landscape of the Expansion Valves market are, but not limited to, Emerson Electric Co., Sanhua, Fujikoki Corporation, OTTO EGELHOF GmbH & Co. KG, Castel S.r.l., TGK CO., LTD., Keihin, CAREL INDUSTRIES S.p.A., Danfoss Group, and Parker-Hannifin Corporation. Strong presence of local players in emerging markets shapes a fragmented competitive landscape. Hence, major players are adopting business strategies such as, capacity expansion, product innovation to penetrate developing markets
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The post Expansion Valves Market 2021 Outlook, Current and Future Industry Landscape Analysis 2030 appeared first on Industry News Analsis.
The article discusses the growth and future outlook of the Expansion Valves Market from 2021 to 2030.
Key growth factors include rising electric car sales and demand for energy-efficient air conditioning.
COVID-19 disrupts supply chains but increases demand for refrigeration in pharmaceuticals and data centers.
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