QYResearch:GlobalElectronicExpansionValvesMarketWorth$452.90millionby2022Publisher::QYResearchTheelectronicsexpansionvalvesaremainlyusedinthehouseholdinverterairconditioner.AccordingtoQYR,thetotalmarketisabout48millionunitsin2016.In2012,thevolumeofinverterElectronicExpansionValveswasabout25millionunits.Withtheimplementationofinverterairconditionerenergyefficiencystandardsin2013inChina,also,withthepromotionofthecomfortrequirements,itgreatlystimulatedthedevelopmentofelectronicexpansionvalvemarket.ThemarketincreasesharplyinChina.AstothemarketrevenueofElectronicExpansionValves,theglobalrevenuewasestimatedabout$324.99millionin2016,andthefigureisforecastedtoreachabout$452.90millionbytheendof2022.Worldwide,ChinaisthelargestmarketofElectronicExpansionValves,bothinproductionandconsumptionmarket,whileChinaisthelargestcontributor.ItisestimatedthatChinaaccountsfor64.46%oftheindustrytotalproductionandconsumesabout65.29%ofindustrytotalconsumptionvolume.Thepricegapisrelativelylargeofelectronicsexpansionvalvesbetweendifferentcompanies.SANHUA,Fujikoki,DunAn,Saginomiyamainlysupplyelectronicsexpansionvalvestothehomeinverterairconditionermanufactures.While,Danfoss,Parker,Emerson,Castel,theseplayermainlysupplyelectronicsexpansionvalvestothecommercialinverterairconditioner(power4HP)manufactures.Butthesecompaniessalesvolumeisinsmall-scalesaleswithhighprice.Thesecompaniesareoftenintegratedenterprisevalvemanufacturer.Theyhaveadvancedtechnologyandrichproductionline.Thegenerallypricerangeisbetween160$/unitto450$/unit,whichdoesnotincludethepriceofthecontrollerandsensors.Thefollowingfigureisthetop3marketshareofElectronicExpansionValvesindustry.FigureGlobalTop3ElectronicExpansionValvesSalesVolumeMarketShare(%)in2016Source:ExpertsInterview,andQYRMachinery&EquipmentResearchCenter,Sep2017