PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1744440
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1744440
Global Automotive Electronic Expansion Valve Market Assessment, By Product Type [Electromagnetic, Electric], By Vehicle Type [Passenger Vehicles, Commercial Vehicles], By Region, Opportunities and Forecast, 2018-2032F
Global automotive electronic expansion valve market is projected to witness a CAGR of 5.53% during the forecast period 2025-2032, growing from USD 673.13 million in 2024 to USD 1,035.39 million in 2032F, owing to rising vehicle electrification and enhanced focus on fuel efficiency. These valves enable precise control of refrigerant flow in automotive air conditioning systems, optimizing performance and reducing emissions. Integration of smart components and increasing adoption of electric and hybrid vehicles are further fueling demand. Original equipment manufacturers (OEMs) are increasingly incorporating electronic valves to meet stringent environmental regulations and improve thermal management in modern vehicles.
For instance, in May 2023, CAREL INDUSTRIES S.p.A launched its E5V electronic expansion valve for CO2 (R744)-based HVAC&R systems at the EuroShop trade show in Dusseldorf, Germany. The E5V also enables higher flow rates, with the two-way flow to perfectly balance pressures; thanks to the design of the valve, flow is controlled effectively even at low flow rates, added the manufacturer. This approach also helps to reduce resource use by allowing for the replacement of individual components instead of the whole valve.
EV Boom and Efficiency Norms to Shape Automotive Electronic Expansion Valve Market Dynamics
The increasing adoption of electric and hybrid vehicles is a key growth driver for the automotive electronic expansion valve market. These vehicles demand precise thermal management to ensure optimal battery performance and cabin comfort. Electronic expansion valves offer better control over refrigerant flow compared to traditional valves, which helps maintain temperature stability. With governments incentivizing EV adoption and OEMs expanding their electric lineups, the demand for modern thermal systems, including expansion valves, is expected to surge in the forecast period.
In March 2023, Sanhuang Intelligent Controls (SHIC) unveiled its HSX-EV series EEV, boasting high-precision control and optimized flow characteristics for efficient thermal management in EV battery packs and power electronics.
Global emission regulations are pushing automakers to adopt technologies that enhance fuel efficiency and reduce environmental impact. Electronic expansion valves contribute to lower emissions by optimizing HVAC system performance, thereby reducing energy consumption. As regulatory frameworks like the Euro 7 and Corporate Average Fuel Economy (CAFE) standards become more stringent, OEMs are increasingly turning to EXVs to help meet compliance targets. This demand is particularly strong in regions with strict emissions laws, driving steady market growth.
Technological Advancements in HVAC Systems to Fuel Market Growth
The evolution of HVAC systems in automobiles is a significant driver of the EXV market. Integration of sensors, ECUs, and IoT connectivity is transforming thermal management systems into intelligent modules. Electronic expansion valves are pivotal in enabling variable refrigerant flow, supporting system automation and real-time performance optimization. With the auto industry embracing digital and software-driven solutions, EXVs are becoming essential in next-generation HVAC systems that offer diagnostics, predictive maintenance, and enhanced energy efficiency, making them vital to future-ready vehicle platforms.
Modern consumers expect high levels of comfort and convenience in their vehicles, including efficient and responsive climate control systems. Electronic expansion valves allow automotive HVAC systems to maintain stable temperatures and respond quickly to changes, enhancing passenger comfort. Car buyers increasingly prioritize advanced features even in entry-level and mid-range vehicles.
For instance, in October 2024, TLX Technologies introduced the two components in its new family of modular 4-way and 3-way switching valves, designed to give OEM and system design teams thermal management controls that suit multiple vehicle platforms. Low crossflow leakage from the high-flow valves makes it easier for design teams to create a thermal management system with the required flow control and thermal efficiency.
Passenger Vehicle Segment Dominates the Global Automotive Electronic Expansion Valve Market
The passenger car segment dominates the automotive electronic expansion valve market due to its sheer volume and increasing demand for advanced comfort features. Modern passenger vehicles, especially in the mid and premium segments, are equipped with sophisticated HVAC systems to improve driving experience. Electronic expansion valves provide the precision and efficiency these systems require, enabling better refrigerant flow control, energy savings, and enhanced thermal comfort. Moreover, the rising adoption of electric and hybrid cars, primarily in the passenger segment-has significantly boosted the demand for advanced thermal management solutions. OEMs prioritize integrating EXVs into passenger cars to meet consumer expectations and adhere to stringent environmental standards. Additionally, growing urbanization and rising disposable incomes in emerging economies are increasing passenger car ownership, further fueling electronic expansion valve installations. This segment's emphasis on user experience, performance, and energy efficiency keeps it ahead in market share.
Asia-Pacific Leads in the Global Automotive Electronic Expansion Valve Market
Asia-Pacific leads the automotive electronic expansion valve market due to its robust automotive manufacturing base and growing adoption of electric vehicles. Countries such as China, Japan, South Korea, and India are heavily investing in EV infrastructure, which increases demand for efficient thermal management systems. China, as the largest automobile producer, drives EXV adoption through aggressive electrification policies and domestic production incentives. Meanwhile, Japan and South Korea focus on high-performance, energy-efficient components for hybrid and electric vehicles.
Additionally, rising disposable income and urbanization in countries like India are pushing up sales of passenger cars equipped with advanced HVAC systems. The region also benefits from the presence of key component manufacturers and favorable trade agreements. Moreover, increasing localization efforts and supportive government policies make Asia-Pacific a global hub for valve production and innovation, reinforcing its leadership position in the market.
Impact of the U.S. Tariffs on the Automotive Electronic Expansion Valve Market
United States tariffs on automotive parts, particularly those imported from China, have increased the cost of electronic components, including the automotive electronic expansion valve market. This has strained the supply chain for American automotive manufacturers and suppliers, leading to cost pressures and potential delays. In response, some OEMs are re-evaluating sourcing strategies, turning to alternative suppliers in regions like Southeast Asia, or localizing production. While tariffs may promote domestic manufacturing in the long term, short-term effects include margin compression and slower adoption of advanced components in cost-sensitive vehicle segments.
Key Players Landscape and Outlook
Major market players are focusing on innovation, localization, and strategic partnerships to gain a competitive advantage in the market. They are heavily investing in R&D to develop compact, efficient, and software-integrated valves that align with electric and hybrid vehicle requirements. Collaborations with OEMs help tailor solutions for specific vehicle platforms, ensuring optimal integration. Additionally, players are expanding production capacities in emerging markets to reduce logistics costs and navigate regional trade barriers. Many are also incorporating AI and cloud-based diagnostics into their offerings, positioning themselves as holistic thermal management solution providers. This diversified approach allows them to cater to both premium and budget vehicle segments globally while remaining resilient against regulatory and economic uncertainties.
For instance, in March 2024, Danfoss A/S continued with bold investments in the green growth strategy, Core & Clear 2025. Despite market headwinds in the second half of the year, Danfoss reported financial results within the range of guidance. Danfoss has a clear plan to decarbonize operations by 2030, and it already has agreements in place that ensure a 30% reduction in emissions.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Impact of U.S. Tariffs
4. Executive Summary
5. Voice of Customers
- 5.1. Respondent Demographics
- 5.2. Brand Awareness
- 5.3. Factors Considered in Purchase Decisions
- 5.4. Unmet Needs
6. Global Automotive Electronic Expansion Valve Market Outlook, 2018-2032F
- 6.1. Market Size Analysis & Forecast
- 6.1.1. By Value
- 6.2. Market Share Analysis & Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Electromagnetic
- 6.2.1.2. Electric
- 6.2.2. By Vehicle Type
- 6.2.2.1. Passenger Vehicles
- 6.2.2.2. Commercial Vehicles
- 6.2.3. By Region
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia-Pacific
- 6.2.3.4. South America
- 6.2.3.5. Middle East and Africa
- 6.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
- 6.2.1. By Product Type
- 6.3. Market Map Analysis, 2024
- 6.3.1. By Product Type
- 6.3.2. By Vehicle Type
- 6.3.3. By Region
7. North America Automotive Electronic Expansion Valve Market Outlook, 2018-2032F
- 7.1. Market Size Analysis & Forecast
- 7.1.1. By Value
- 7.2. Market Share Analysis & Forecast
- 7.2.1. By Product Type
- 7.2.1.1. Electromagnetic
- 7.2.1.2. Electric
- 7.2.2. By Vehicle Type
- 7.2.2.1. Passenger Vehicles
- 7.2.2.2. Commercial Vehicles
- 7.2.3. By Country Share
- 7.2.3.1. United States
- 7.2.3.2. Canada
- 7.2.3.3. Mexico
- 7.2.1. By Product Type
- 7.3. Country Market Assessment
- 7.3.1. United States Automotive Electronic Expansion Valve Market Outlook, 2018-2032F*
- 7.3.1.1. Market Size Analysis & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share Analysis & Forecast
- 7.3.1.2.1. By Product Type
- 7.3.1.2.1.1. Electromagnetic
- 7.3.1.2.1.2. Electric
- 7.3.1.2.2. By Vehicle Type
- 7.3.1.2.2.1. Passenger Vehicles
- 7.3.1.2.2.2. Commercial Vehicles
- 7.3.1.2.1. By Product Type
- 7.3.1.1. Market Size Analysis & Forecast
- 7.3.2. Canada
- 7.3.3. Mexico
- 7.3.1. United States Automotive Electronic Expansion Valve Market Outlook, 2018-2032F*
All segments will be provided for all regions and countries covered
8. Europe Automotive Electronic Expansion Valve Market Outlook, 2018-2032F
- 8.1. Germany
- 8.2. France
- 8.3. Italy
- 8.4. United Kingdom
- 8.5. Russia
- 8.6. Netherlands
- 8.7. Spain
- 8.8. Poland
9. Asia-Pacific Automotive Electronic Expansion Valve Market Outlook, 2018-2032F
- 9.1. India
- 9.2. China
- 9.3. Japan
- 9.4. Australia
- 9.5. Vietnam
- 9.6. South Korea
- 9.7. Indonesia
- 9.8. Philippines
10. South America Automotive Electronic Expansion Valve Market Outlook, 2018-2032F
- 10.1. Brazil
- 10.2. Argentina
11. Middle East and Africa Automotive Electronic Expansion Valve Market Outlook, 2018-2032F
- 11.1. Saudi Arabia
- 11.2. UAE
- 11.3. South Africa
12. Porter's Five Forces Analysis
13. PESTLE Analysis
14. Market Dynamics
- 14.1. Market Drivers
- 14.2. Market Challenges
15. Market Trends and Developments
16. Case Studies
17. Competitive Landscape
- 17.1. Competition Matrix of Top 5 Market Leaders
- 17.2. SWOT Analysis for Top 5 Players
- 17.3. Key Players Landscape for Top 10 Market Players
- 17.3.1. Fujikoki Corporation
- 17.3.1.1. Company Details
- 17.3.1.2. Key Management Personnel
- 17.3.1.3. Key Products Offered
- 17.3.1.4. Key Financials
- 17.3.1.5. Key Market Focus and Geographical Presence
- 17.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 17.3.2. SANHUA INTERNATIONAL, INC
- 17.3.3. RefPower Srl
- 17.3.4. SAGINOMIYA SEISAKUSHO, INC
- 17.3.5. Newell Brands Inc
- 17.3.6. Emerson Electric Co
- 17.3.7. Carel Industries S.p.A.
- 17.3.8. Semikron Danfoss Elektronik GmbH & Co. KG
- 17.3.9. DunAn Electro-Mechanical Technology Co., Ltd.
- 17.3.10. TGK EUROPE s.r.l.
- 17.3.1. Fujikoki Corporation
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
18. Strategic Recommendations
19. About Us and Disclaimer
List of Tables
- Table 1. Competition Matrix of Top 5 Market Leaders
- Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 3. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 2. Global Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 3. Global Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 4. Global Automotive Electronic Expansion Valve Market Share (%), By Region, 2018-2032F
- Figure 5. North America Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 6. North America Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 7. North America Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 8. North America Automotive Electronic Expansion Valve Market Share (%), By Country, 2018-2032F
- Figure 9. United States Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 10. United States Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 11. United States Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 12. Canada Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 13. Canada Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 14. Canada Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 15. Mexico Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 16. Mexico Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 17. Mexico Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 18. Europe Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 19. Europe Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 20. Europe Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 21. Europe Automotive Electronic Expansion Valve Market Share (%), By Country, 2018-2032F
- Figure 22. Germany Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 23. Germany Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 24. Germany Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 25. France Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 26. France Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 27. France Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 28. Italy Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 29. Italy Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 30. Italy Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 31. United Kingdom Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 32. United Kingdom Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 33. United Kingdom Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 34. Russia Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 35. Russia Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 36. Russia Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 37. Netherlands Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 38. Netherlands Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 39. Netherlands Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 40. Spain Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 41. Spain Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 42. Spain Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 43. Turkey Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 44. Turkey Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 45. Turkey Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 46. Poland Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 47. Poland Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 48. Poland Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 49. South America Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 50. South America Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 51. South America Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 52. South America Automotive Electronic Expansion Valve Market Share (%), By Country, 2018-2032F
- Figure 53. Brazil Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 54. Brazil Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 55. Brazil Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 56. Argentina Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 57. Argentina Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 58. Argentina Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 59. Asia-Pacific Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 60. Asia-Pacific Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 61. Asia-Pacific Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 62. Asia-Pacific Automotive Electronic Expansion Valve Market Share (%), By Country, 2018-2032F
- Figure 63. India Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 64. India Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 65. India Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 66. China Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 67. China Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 68. China Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 69. Japan Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 70. Japan Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 71. Japan Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 72. Australia Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 73. Australia Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 74. Australia Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 75. Vietnam Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 76. Vietnam Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 77. Vietnam Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 78. South Korea Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 79. South Korea Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 80. South Korea Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 81. Indonesia Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 82. Indonesia Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 83. Indonesia Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 84. Philippines Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 85. Philippines Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 86. Philippines Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 87. Middle East & Africa Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 88. Middle East & Africa Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 89. Middle East & Africa Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 90. Middle East & Africa Automotive Electronic Expansion Valve Market Share (%), By Country, 2018-2032F
- Figure 91. Saudi Arabia Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 92. Saudi Arabia Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 93. Saudi Arabia Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 94. UAE Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 95. UAE Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 96. UAE Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 97. South Africa Automotive Electronic Expansion Valve Market, By Value, In USD Million, 2018-2032F
- Figure 98. South Africa Automotive Electronic Expansion Valve Market Share (%), By Product Type, 2018-2032F
- Figure 99. South Africa Automotive Electronic Expansion Valve Market Share (%), By Vehicle Type, 2018-2032F
- Figure 100. By Product Type Map-Market Size (USD Million) & Growth Rate (%), 2024
- Figure 101. By Vehicle Type Map-Market Size (USD Million) & Growth Rate (%), 2024
- Figure 102. By Region Map-Market Size (USD Million) & Growth Rate (%), 2024
