QYR Market Research Global Electronic Expansion Valves Market Research | Page 4

QYResearch
Worldwide, China is the largest market of Electronic Expansion Valves, both in
production and consumption market, while China is the largest contributor. It is
estimated that China accounts for 64.46 % of the industry total production and
consumes about 65.29 % of industry total consumption volume.
On the consumption market of Electronic Expansion Valves, the global total
consumption volume is equal to the global total production volume, as we do not
take the inventory issue into consideration and consider production volume as
sales volume. As to the market revenue of Electronic Expansion Valves, the
global revenue was estimated about $ 324.99 million in 2016, and the figure is
forecasted to reach about $ 452.90 million by the end of 2022.
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