세계의 자동차 전자팽창밸브 시장 : 제품 유형별, 차종별, 지역별, 기회 및 예측(2018-2032년)

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)
• 6.3. 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
• 7.3. 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
  • 7.3.2. Canada
  • 7.3.3. Mexico

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.

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