Surge in Product Innovation to Fuel the Thermal Expansion Valve Market

Posted by nilam on March 17th, 2020

“Thermal Expansion Valve Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027” is an upcoming market research report added by the analysts at Industry Probe. Thermal expansion valve market report offers existing driving and limiting factors, consumer behavior & trends, and scope for opportunities that can help the strategists and companies.                

The report is a result of a thorough secondary research as well as interviews with industry experts. Therefore, numbers are as close to accurate as they get and the information accessible in the report on the thermal expansion valve market is easy to comprehend. Industry Probe analysts have included some of the major players operating in the thermal expansion valve market along with information about revenue, strengths, opportunities, segmentation, competitive landscape and regional presence of the market players.     

The global thermal expansion valve market can be segmented based on type, end-user, application, distribution channel, and region.

Based on type, the global thermal expansion valve market can be classified into external balance and internal balance. As compared to externally balanced valves, internally equalized valves have a low-pressure drop. Externally equalized thermal expansion valves can be used on all applications such as depressurization, control flow, and control of superheat. However, externally equalized valves cannot be replaced with internally equalized thermal expansion valves.

Based on application, the global thermal expansion valve market can be divided into throttling depressurization, control flow, and control of superheat.

In terms of end-user, the global thermal expansion valve market can be bifurcated into OEM (Original Equipment Manufacturer), and aftermarket. The OEM segment can be further classified into passenger cars, light commercial vehicles, buses and coaches, and heavy trucks. Increase in automotive production and increased demand for comfort among consumers are anticipated to boost the automotive air conditioning market and subsequently, propel the demand for automotive expansion valve/AC expansion in the near future.

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Industry Probe’s report anticipates that surge in product innovation, rapid expansion of the automotive sector, increase in demand for vehicles, rise in per capita income, and technology advancements will drive the thermal expansion valve market during the forecast period. The report has split the global thermal expansion valve market in terms of type, end-user, application, distribution channel, and region.

In terms of end-user, the global thermal expansion valve market is bifurcated into OEM (Original Equipment Manufacturer), and aftermarket. The OEM segment is further classified into passenger cars, light commercial vehicles, buses and coaches, and heavy trucks. Increase in automotive production and increased demand for comfort among consumers are projected to boost the automotive air conditioning market and subsequently, propel the demand for automotive expansion valve/AC expansion in the near future.

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In term of distribution channel, the global thermal expansion valve market is classified into online distribution channel and offline distribution channel. In term of distribution channel, the global thermal expansion valve market is classified into online distribution channel and offline distribution channel. The report also states that based on the current market situation, companies face high levels of competition among themselves. Key players are focused on new product offerings and product innovations in order to consolidate their position in the market. This strategy is expected to help them sustain in the market during the forecast period

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