Rising Demand from Industrial Equipment Sector to Drive the Expansion Valves Market

Posted May 11, 2020 by Nilam123


“Expansion Valves Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” is an upcoming market research report added by the analysts at Industry Probe. Expansion valves 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 expansion valves market is easy to comprehend. Industry Probe analysts have included some of the major players operating in the expansion valves market along with information about revenue, strengths, opportunities, segmentation, competitive landscape and regional presence of the market players.

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As per the report from Industry Probe, the rising demand from the automobile sector and industrial equipment sector that extensively employ these expansion valves is boosting the demand for expansion valve. The report has segmented the global expansion valves market in terms of type, application, distribution channel, and region. In terms of the type, the market is divided into thermal expansion valves, automatic expansion valves, capillary tubes, manual throttle, electronic expansion valves, and others. Thermal expansion valves are highly preferred owing to their availability, simplicity, and accuracy.

On the basis of application, the expansion valves market is divided into industrial, commercial, and residential. The commercial segment is further sub-segmented into automotive, consumer electronic, and others. The automotive sub-segment is expected to dominate the segment of the market due to high demand for vehicle across the globe. However, rise in income of consumers and increase in for luxury goods are expected to boost the residential segment of the expansion market in the next few years. In terms of distribution channel, the market is divided into online and offline. The offline segment accounted for a dominant share of the market. However, market share of the online segment is anticipated to increase owing to vast number of customers can be accessed by vendors through this market

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Last Updated May 11, 2020