Electric Vehicle Electronic Expansion Valve (EXV) Market Research Report 2024 | Valuates Reports

According to new survey, global Electric Vehicle Electronic Expansion Valve (EXV) market is projected to reach US$ 1452.3 million in 2029, increasing from US$ 312.1 million in 2022, with the CAGR of 23.1% during the period of 2023 to 2029.

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The electronic expansion valve is composed of a controller, an actuator and a sensor. Since the temperature sensing part of the electronic expansion valve is a thermocouple or thermal resistance, it can accurately reflect the change of superheat at low temperature and provide more accurate flow adjustment. At the same time, the electronic expansion valve has a large flow control range, sensitive response, and rapid action. The fine adjustment makes up for the shortcomings that the capillary tube and the thermal expansion valve cannot be adjusted, and is more suitable for the electronic and thermal management control of electric vehicles.

Global key players of Electronic Expansion Valve for Electric Vehicles include Zhejiang Sanhua Automotive Components, TGK and Zhejiang Dun'an Artificial Environment, etc. The top three players hold a share over 87%. China is the largest market, has a share about 82%. In terms of product type, EXV for Air Conditioning Thermal Management is the largest segment, occupied for a share of about 70%, and in terms of application, BEV has a share about 73 percent.

By Type
• EXV for Air Conditioning Thermal Management
• EXV for Battery Thermal Management

By Application
• BEV
• HEV and PHEV

Key Players
Zhejiang Sanhua Automotive Components, TGK, Zhejiang Dun'an Artificial Environment, HANON, Egelhof, Fujikoki, Schrader Pacific Advanced Valves (Pacific Industrial), XINJING, Hilite International, Ningbo Tuopu

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This release was published on openPR.