China: expanding electronic expansion valve market

Electronic expansion valves are mainly used in inverter air conditioners to automatically adjust refrigerant flow to achieve better energy-saving performance. This technology is one of the 30 key energy-saving technologies promoted by the Chinese government and will receive funding and R&D support during the 12th 5-year plan period. The total investment will be RMB 200 million (21.6 million €).
The target is to raise the market share of electronic expansion valves from the current 20% to over 50% by 2015. This means that the market share of inverter air conditioners in China will reach at least 50% in the next five years and will surpass that of fixed-speed products.
JARN, February 25, 2011