An expansion valve is a throttling device that is used in refrigeration and air conditioning systems. Expansion valve controls the amount of refrigerant released into the evaporator, thereby controlling superheat and leading to a highly efficient working of the compressor and the air conditioning plant. The expansion valve also prevents the flooding of the refrigerant to the compressor ensuring that the plant runs safely without any risk of breakage of the compressor.
MARKET DYNAMICS
The market for expansion valves is mainly run by the industrial equipment sector, automobile sector and consumer goods sector. The automobiles sector is important for the growth of the market for expansion valves. The air conditioner system more likely becomes the prime accessory for the vehicles as the consumers are attracted more towards leisure, thereby increasing the demand for air conditioners aiding to the market growth of expansion valves.
MARKET SCOPE
The Global Expansion Valves Market Analysis to 2028 is a specialized and in-depth study of the expansion valves market with a special focus on the global market trend analysis. The report aims to provide an overview of expansion valves market with detailed market segmentation by type, application. The global expansion valves market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading expansion valves market player and offers key trends and opportunities in the expansion valves market.
MARKET SEGMENTATION
The global expansion valves market is segmented on the basis of type, application. On the basis of type, market is segmented as automatic expansion valves, thermostatic expansion valves, electronic expansion valves, capillary tubes, float valves. On the basis of application, market is segmented as industrial, automotive, commercial and residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global expansion valves market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The expansion valves market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting expansion valves market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the expansion valves market in these regions.
MARKET PLAYERS
The reports cover key developments in the expansion valves market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from expansion valves market are anticipated to lucrative growth opportunities in the future with the rising demand for expansion valves market. Below mentioned is the list of few companies engaged in the expansion valves market.
The report also includes the profiles of key expansion valves market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- EMERSON Climate Technologies
- Aashinita Engineering
- Fujikoki America
- Danfoss Industrial Automation
- Bothra Electric and Refrigeration Company
- Armstrong International
- CASTEL
- Parker Hannifin
- ACTROL
- SANHUA
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