Global Expansion Valves Market USD XXX Billion by 2027.Global Expansion Valves Market reached USD XXX Billion in 2020. The Global Expansion Valves Market tends to grow by a CAGR of XXX% in the 2021-2027 period.
Expansion valves are a kind of device that controls the power and voltage among refrigerators, air conditioners, cold freezers, and others. Air conditioners employ expansion valvesto control the heating, air temperature, humidity and other. Expansion of cold storage capacity among the various retail chains store is the driving factor of this market. Covid19 reduced the demand for valves and sales volumes went down. Government initiatives and rebates given for energy-efficient products are the opportunities to boost the market in coming years. Tier 1 suppliers are trying to improve the technology present in the current valves to enhance controlling power and minimize disruption in the product (air conditioner, fridge) due to the fluctuation of power. Thermal expansion valves (TXV) are holding the largest market share in the product type segment, but in the forecasted period it is estimated that the Electronic expansion valve (EXV) may overcome the TXV segment because of its advanced technology and efficient controlling over high load range.

The key regions covered in the global fertigation control system market are North America, Latin America, Europe, East Asia, South Asia-Pacific, and the Middle East & Africa. In terms of value, and revenue East Asia accounted for the largest market share, because of the number of players present in the region. Due to Covid19, various companies shifted their production facilities from one region to another region where there is a higher demand for the products.

Major market players included in this report are:
Danfoss
Siemens
Gestra
Carel
Velan
Castel
Delphi
Sanhua
NRF
Onyx Valve Co
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Thermal expansion valves (TEVs)
Manual valves
Capillary tubes
Automatic valves
Electronic expansion valves
Others
By Application:
Industrial Air Conditioners
Household Air Conditioners
Automobile Air Conditioners
Others
By Industry Vertical:
Housing
Automobile
Corporate
Hospitality
Cold Storage
Others
By Region:
North America
The U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Expansion Valves Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors