Europe Electric Vehicle Electronic Expansion Valve (EXV) Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 18.3% from 2024 to 2030.
The European Electric Vehicle Electronic Expansion Valve (EXV) Market has seen significant growth due to the increasing demand for electric vehicles (EVs) and the need for advanced thermal management systems. As the automotive industry shifts towards electrification, the role of EXVs in EV air conditioning and thermal systems has become crucial. The EXV is an integral part of the HVAC (Heating, Ventilation, and Air Conditioning) system in electric vehicles, regulating the flow of refrigerant to maintain optimal temperature and comfort inside the vehicle cabin. These valves are designed to be highly efficient, offering precise control over the refrigerant’s flow rate, thereby improving energy efficiency and vehicle performance.
Industries across Europe are increasingly adopting electric vehicles, spurring the demand for high-performance EXVs. Automotive manufacturers are focusing on enhancing the thermal efficiency of EVs, which directly influences battery life, range, and overall driving experience. The need for advanced thermal systems that can handle higher heat loads while maintaining energy efficiency has driven the growth of the Electric Vehicle Electronic Expansion Valve (EXV) Market. This market is expected to expand rapidly as automakers continue to develop electric vehicles with longer ranges and faster charging capabilities.
The European Electric Vehicle Electronic Expansion Valve (EXV) Market is also influenced by regulatory policies and incentives aimed at promoting EV adoption. Governments across Europe are implementing stricter emission regulations, which are pushing automotive manufacturers to adopt innovative solutions like EXVs to meet the environmental goals. The integration of EXVs helps in reducing refrigerant usage, enhancing energy efficiency, and minimizing the overall carbon footprint of electric vehicles.
Furthermore, industries such as the automotive, manufacturing, and electronics sectors are pushing for smarter and more integrated EXV solutions. They require EXVs that offer better performance, durability, and compatibility with the growing demands of electric vehicles. The shift towards fully electric fleets and the rise of new EV startups also contribute to the rising demand for these advanced components. As European automakers increasingly invest in the development of EVs, the need for high-quality electronic expansion valves to optimize the efficiency of these vehicles will continue to grow, making the market an attractive area for innovation and investment.
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Zhejiang Sanhua Automotive Components
TGK
Zhejiang Dun’an Artificial Environment
HANON
Fujikoki
XINJING
Ningbo Tuopu
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Electric Vehicle Electronic Expansion Valve (EXV) Market
Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Fuel Cell Electric Vehicles (FCEVs)
Manual Operation
Automatic Operation
Single Valve Systems
Multi-Valve Systems
Integrated Systems
Aluminum
Plastic
Composite Materials
Air Conditioning Systems
Refrigeration Systems
Heater Systems
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Electric Vehicle Electronic Expansion Valve (EXV) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Electric Vehicle Electronic Expansion Valve (EXV) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Electric Vehicle Electronic Expansion Valve (EXV) Market, By Type
6. Europe Electric Vehicle Electronic Expansion Valve (EXV) Market, By Application
7. Europe Electric Vehicle Electronic Expansion Valve (EXV) Market, By Geography
Europe
Germany
UK
France
8. Europe Electric Vehicle Electronic Expansion Valve (EXV) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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