Automotive Electronic Expansion Valve Market Key Trends and Strategies for Expansion 2029
According to TechSci Research report, “ Global Automotive Electronic Expansion Valve Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Automotive Electronic Expansion Valve Market stood at USD 592.3 million in 2023 and is anticipated to grow with a CAGR of 6.67% in the forecast period, 2025-2029. Devices called electronic expansion valves are used to accurately regulate the flow of refrigerant into the evaporator system. Heat pumps, air conditioners, and other machinery that uses the refrigeration cycle frequently use these valves. Electronic expansion valves can be integrated with a centralized controlling unit to automate and optimize the regulation of the refrigerant across the whole refrigeration circuit. They are also very dependable and easy to install. Over the course of the forecast period, the product's flexibility in terms of integration with refrigerant type is anticipated to propel the grow...