#Automotive #Electronic #Expansion #Valve #Market #Projected
New York, US, Oct. 18, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Automotive Electronic Expansion Valve Market Research Report: Information by Application, Type, and Region– Forecast till 2030”, the global market is predicted to thrive substantially during the assessment era from 2022 to 2030 at a healthy growth rate of approximately 6%.
Automotive Electronic Expansion Valve Market Overview:
An automobile electronic expansion valve is generally used in heavy vehicles as a cooling system. These cooling systems are utilized in various applications, varying from passenger cars to heavy and light commercial vehicles. Irrespective of the speed of the combustion engine, these valves hold the proper temperature for combustion engines. The global automotive electronic expansion valve market has recently shown tremendous development. The increasing demand for silent, independent, compact engine cooling systems is the main factor supporting the market’s growth.
Automotive Electronic Expansion Valve Market Competitive Analysis
The catalog for prominent players across the global market for automotive electronic expansion valves includes companies such as:
- Fujikoki
- Emerson
- SANHUA
- Castel
- DunAn
- CAREL INDUSTRIES
- Saginomiya
- VOLGA
- Parker
- Danfoss Group
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Furthermore, several advantages like compliance, noise reduction, reliability, ideal temperature control quality, low hysteresis, and flexible arrangement with exhaust emission norms. The sector has witnessed several technological advancements focused on reducing carbon dioxide (CO2) emissions. Rapid engine production improvements are also predicted to influence the market’s growth over the review era.
Moreover, the government’s efforts to lower emissions will catalyze the market’s growth over the coming years. Automotive electronic expansion valves not just…
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