Electronic Expansion Valves Market Insights Video

According to Cognitive Market Research, the global Electronic Expansion Valves market size was USD 7214.2 million in 2024. It will rise at the compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 2885.68 million in 2024 and will rise at the compound annual growth rate (CAGR) of 7.0% from the year 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2164.26 million.
• Asia Pacific held a market share of around 23% of the global revenue with the market size of USD 1659.27 million in 2024 and will rise at the compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
• Latin America had a market share of more than 5% of global revenue with the market size of USD 360.71 million in 2024 and will rise at a compound annual growth rate (CAGR) of 8.2% from the year 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 144.28 million in 2024 and will rise at the compound annual growth rate (CAGR) of 8.5% from the year 2024 to 2031.
• The electromagnetic EEV category is the fastest growing segment of the Electronic Expansion Valves industry