Electronic Expansion Valves (EEVs) are critical components in modern air conditioning and refrigeration systems, providing precise control over refrigerant flow and ensuring optimal system performance. Unlike traditional mechanical expansion valves, EEVs offer enhanced efficiency, reliability, and adaptability, making them indispensable in both residential and commercial HVAC applications.
The increasing adoption of air conditioning systems in commercial spaces such as offices, hotels, hospitals, educational institutions, airports, and museums is significantly boosting the demand for EEVs. However, the high initial costs and complexities associated with the installation of electronic valves compared to their mechanical counterparts remain challenges. Despite these restraints, the long-term benefits of improved energy efficiency, compliance with stringent environmental regulations, and cost savings continue to outweigh the barriers, positioning EEVs as a key driver in the modernization of HVAC systems.
According to Future Market Insights (FMI), the global EEVs’ market is anticipated to experience significant growth, reaching an estimated market size of USD 1,986.0 Million by 2035, up from USD 886.5 Million in 2025. With a robust Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period (2025–2035), the market is driven by the increasing demand for energy-efficient HVAC systems, advancements in technology, and stricter environmental regulations.
Market growth drivers
Over the projected period, the global EEVs’ market share is expected to increase due to the combination of electronic valve flexibility and vast product customization options.
In addition, the sales of electronic expansion valves are rising due to the expanding use of air conditioning systems in commercial locations such as workplaces, hotels, airports, educational institutions, hospitals, museums, and other places. That is anticipated to help the EEVs’ market size grow.
The demand for electronic expansion valves is high due to their major advantages over traditional thermal expansion valves, such as reduced energy consumption from the refrigeration system and improved performance.
Furthermore, electronic expansion valves enable refrigeration systems to work more precisely and efficiently, which is a major factor driving the electronic expansion valves market outlook.
Increased awareness of carbon emissions in many parts of the world has led to an increase in the adoption of electronic expansion valves in a variety of end-use sectors.
Future trends in electronic expansion valves market include expansion of the automobile industry and increased use of electronic expansion valves as air conditioning systems to become the primary vehicle accessory.
Demand outlook for the EEVs’ market
Refrigerators, air conditioners, water chilling facilities, deep freezers, and water coolers are just a few of the products that use electronic expansion valves.
Due to increasing industrialization and urbanization and emerging economies, the sales of electronic expansion valves will rise steadily during the forecast period. Consumers in emerging countries choose convenient products, which is projected to propel the EEVs’ market share during the forecast period.
During the projection period, demand for electronic expansion valves is likely to be driven by the construction of commercial spaces such as hotels, hospitals, retail malls, educational institutions, and offices. Similarly, rising consumer spending and the creation of low-cost items have made a wide range of end products more available to customers. During the forecast period, rising car demand and the introduction of electric vehicles are expected to fuel the sales of EEVs.
As the world’s population grows, so does the demand for food. Countries and businesses all across the world are employing cutting-edge food storage and waste prevention techniques. The electronic expansion valve market size is likely to be fueled further by the development of cold storage systems and the rising popularity of frozen foods, as well as an increase in the number of cold storage stores.
Future outlook
The electronic expansion valves market is set to witness transformative growth over the next decade, fueled by global efforts to enhance energy efficiency and reduce greenhouse gas emissions. Manufacturers are expected to focus on developing cost-effective and user-friendly solutions to address the challenges of high initial costs and complex installation.
As the market evolves, collaboration among stakeholders – manufacturers, policymakers, and end-users – will play a pivotal role in shaping the future of the industry. With significant growth opportunities in emerging economies and advancements in smart HVAC technology, the electronic expansion valve industry is poised to redefine the landscape of modern refrigeration and air conditioning systems.
Leading players operating in the industry
As on day, some of the key suppliers of EEVs include: Danfoss; CAREL INDUSTRIES S.p.A.; Sanhua Europe; VOLGA; Parker-Hannifin Corporation; Emerson Electric Co.; Zhejiang DUNAN Artificial Environment Co.; and Fujikoki Corporation.
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