According to a recent survey published by FMI, the global Electronic Expansion Valves market is expected to grow at a healthy CAGR during the forecast period between 2022 and 2032. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Electronic Expansion Valves over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Electronic Expansion Valves Market
Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.
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With the advent of Industry 4.0, manufacturing facilities are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, internet of things (IoT), and machine learning, among others. This is projected to generate lucrative growth prospects in the Electronic Expansion Valves market.
Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality with smart equipment to boost output are expected to drive market demand in the future years.
Key Electronic Expansion Valves Market Takeaways and Projections
- The U.S. is estimated dominate the Electronic Expansion Valves market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2022 and 2032
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Electronic Expansion Valves Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Electronic Expansion Valves Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Electronic Expansion Valves As per the survey, Electronic Expansion Valves sales will project steady growth over the forecast period.
- Electronic Expansion Valves Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Electronic Expansion Valves.
- Electronic Expansion Valves Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Market Competition
Some of the leading companies operating in the global electronic expansion valves market include Sanhua Europe, CAREL INDUSTRIES S.p.A., VOLGA, Danfoss Group, Fujikoki Corporation, Zhejiang DUNAN Artificial Environment co., LTD, Parker-Hannifin Corporation, Emerson Electric Co., and others.
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Key Segments Profiled in the Electronic expansion valves Industry Survey
By Flow Type:
- Electromagnetic expansion valves
- Electric expansion valves
By Application:
- Air Conditioning
- Refrigeration
- Others
By Region:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Russia)
- South Asia (India, ASEAN)
- East Asia (China, Japan, South Korea)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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