Expansion Valves Market Surpassed US$ 15 Bn in 2019; Demand Sustained by Cold Storage Sector Despite a Downtrend Due to COVID-19 Pandemic – Future Market Insights - Expert News

Expansion Valves Market Surpassed US$ 15 Bn in 2019; Demand Sustained by Cold Storage Sector Despite a Downtrend Due to COVID-19 Pandemic – Future Market Insights


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 super heat 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


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  • Thermal expansion valves hold a majority of revenue share in the total market value.
  • Adoption rate of electronic expansion valves is twice as that of conventional thermal expansion valves.
  • The East Asian market is emerging highly lucrative will be valued at US$ 6 Bn through 2030.
  • Air conditioning applications will offer highly lucrative opportunities for market players.
  • Automotive industry and commercial building end uses will emerge as remunerative investment pockets.
  • R410A will continue to maintain its hegemony over other refrigerants, the segment will create incremental dollar opportunities worth US$ 2 Bn by 2030.

Expansion Valves Market – Key Growth Factors

  • Proliferation of energy-efficient air conditioning in developing markets such as India, and China will present gainful opportunities of growth in Asia Pacific.
  • Burgeoning revenues of frozen food product manufacturers, and fast-food restaurants leads to repetitive demand of refrigeration products such as expansion valves.
  • Preference for electric cars on the back of increasing disposable income of millennial consumers also contributes to growth of the market.

Expansion Valves Market – Key Restraint

  • The most commonly used refrigerant, R410A, has high global warming potential which will remain a restraint for market growth during the forecast period.

Impact of COVID-19 on Expansion Valves Market


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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.

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Table Of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Introduction

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Product Overview Usage by Cooling Capacity

2.3.1. Up to 50 kW

2.3.2. 50 to 100 kW

2.3.3. 100 to 500kW

2.3.4. 500 to 1,000 kW

2.3.5. 1,000 to 2,000 kW

2.4. Product Overview Automotive Industry

  1. Key Success Factors

3.1. Product Adoption / Usage Analysis

3.2. Product USPs / Features

3.3. Strategic Promotional Strategies

Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-4681

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

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