Global Electronic Expansion Valves for New Energy Automobile Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Electronic Expansion Valves for New Energy Automobile market size was valued at US$ 430 million in 2024 and is forecast to a readjusted size of USD 1756 million by 2031 with a CAGR of 21.5% during review period.

The electronic expansion valve is composed of a controller, an actuator and a sensor. Since the temperature sensing part of the electronic expansion valve is a thermocouple or thermal resistance, it can accurately reflect the change of superheat at low temperature and provide more accurate flow adjustment. At the same time, the electronic expansion valve has a large flow control range, sensitive response, and rapid action. The fine adjustment makes up for the shortcomings that the capillary tube and the thermal expansion valve cannot be adjusted, and is more suitable for the electronic and thermal management control of electric vehicles.

Global key players of Electronic Expansion Valve for Electric Vehicles include Zhejiang Sanhua Automotive Components, TGK and Zhejiang Dun'an Artificial Environment, etc. The top three players hold a share over 88%.

In terms of product type, EXV for Air Conditioning Thermal Management is the largest segment, occupied for a share of about 69%, and in terms of application, BEV has a share about 73 percent.

The main factors driving the widespread adoption of electronic expansion valves in new energy vehicles include the following points. Firstly, policy support is a key driver. Governments around the world are implementing policies to promote the development of new energy vehicles, providing a broad market space for EXVs. Secondly, consumer acceptance of new energy vehicles is growing, and their demands for vehicle performance and comfort are also increasing. EXVs can meet these requirements effectively. Thirdly, technological advancements are the primary force behind the development of EXVs. Improvements in sensor technology, control algorithms, and material science have significantly enhanced the performance of EXVs. Lastly, market competition is driving manufacturers to continuously improve and optimize EXVs to enhance product competitiveness and market share.

With the rapid development of the new energy vehicle market, the application of electronic expansion valves (EXVs) in electric vehicles (EVs) is becoming increasingly widespread. Firstly, the level of intelligence and integration of EXVs is continuously improving, allowing them to better adapt to complex and variable operating conditions. Secondly, EXVs have a broader flow control range and faster response times, enabling more precise refrigerant flow regulation, which enhances the overall efficiency and comfort of the vehicle. Additionally, the design of EXVs is becoming more compact and lighter, contributing to reducing the overall weight of the vehicle and increasing its range. Finally, with the application of new materials and advanced manufacturing processes, the reliability and durability of EXVs are significantly improved, reducing maintenance costs and failure rates.

This report is a detailed and comprehensive analysis for global Electronic Expansion Valves for New Energy Automobile market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Electronic Expansion Valves for New Energy Automobile market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Electronic Expansion Valves for New Energy Automobile market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Electronic Expansion Valves for New Energy Automobile market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Electronic Expansion Valves for New Energy Automobile market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Electronic Expansion Valves for New Energy Automobile

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Electronic Expansion Valves for New Energy Automobile market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zhejiang Sanhua Automotive Components, TGK, Zhejiang Dun’an Artificial Environment, HANON, Egelhof, Fujikoki, Schrader Pacific Advanced Valves (Pacific Industrial), XINJING, Hilite International, Ningbo Tuopu, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Electronic Expansion Valves for New Energy Automobile market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Electronic Expansion Valves for Conditioner Thermal Management
Electronic Expansion Valves for Battery Thermal Management

Market segment by Application
Electric Vehicle
Hybrid Electric Vehicle

Major players covered
Zhejiang Sanhua Automotive Components
TGK
Zhejiang Dun’an Artificial Environment
HANON
Egelhof
Fujikoki
Schrader Pacific Advanced Valves (Pacific Industrial)
XINJING
Hilite International
Ningbo Tuopu

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Electronic Expansion Valves for New Energy Automobile product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Electronic Expansion Valves for New Energy Automobile, with price, sales quantity, revenue, and global market share of Electronic Expansion Valves for New Energy Automobile from 2020 to 2025.

Chapter 3, the Electronic Expansion Valves for New Energy Automobile competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Electronic Expansion Valves for New Energy Automobile breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electronic Expansion Valves for New Energy Automobile market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Electronic Expansion Valves for New Energy Automobile.

Chapter 14 and 15, to describe Electronic Expansion Valves for New Energy Automobile sales channel, distributors, customers, research findings and conclusion.