QYResearch: Global Electronic Expansion Valves Market Worth $ 452.90 million by 2022
Analyst: Qin Wei
Company: QYResearch
The electronics expansion valves are mainly used in the household inverter air conditioner. According to QYR, the total market is about 48 million units in 2016. In 2012, the volume of inverter Electronic Expansion Valves was about 25 million units. With the implementation of inverter air conditioner energy efficiency standards in 2013 in China, also, with the promotion of the comfort requirements, it greatly stimulated the development of electronic expansion valve market. The market increase sharply in China. As to the market revenue of Electronic Expansion Valves, the global revenue was estimated about $ 324.99 million in 2016, and the figure is forecasted to reach about $ 452.90 million by the end of 2022. Worldwide, China is the largest market of Electronic Expansion Valves, both in production and consumption market, while China is the largest contributor. It is estimated that China accounts for 64.46 % of the industry total production and consumes about 65.29 % of industry total consumption volume.
The price gap is relatively large of electronics expansion valves between different companies.
SANHUA, Fujikoki, DunAn, Saginomiya mainly supply electronics expansion valves to the home inverter air conditioner manufactures. While, Danfoss, Parker, Emerson, Castel, these player mainly supply electronics expansion valves to the commercial inverter air conditioner (power>4HP) manufactures. But these companies sales volume is in small-scale sales with high price. These companies are often integrated enterprise valve manufacturer. They have advanced technology and rich production line. The generally price range is between 160$/unit to 450 $/unit, which does not include the price of the controller and sensors. The following figure is the top 3 market share of Electronic Expansion Valves industry.
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Analyst: qinwei@qyresearch.com
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