Market Share of Europe HVAC Field Device Industry
The Europe HVAC field device Market is moderately competitive due to the presence of many key players established within national and international boundaries. The market appears to be moderately concentrated, with the key players adopting strategies like product innovation and merger and acquisition.
In March 2023, Carel, an Italy-based manufacturer, launched its E5V electronic expansion valve for CO2 (R744)-based HVAC&R systems at the EuroShop trade show in Germany. The new expansion valve is suitable for high-capacity chillers, air-conditioning systems, and heat pumps up to 700kW (199TR).
In October 2022, Guangzhou Sprsun New Energy Technology Development Co., Ltd., a China-based heat pump provider, developed a monobloc heat pump that was reportedly easier and faster to install. The product featured a 3 kW/220 V electric heater, a water pump, an expansion tank measuring 5 liters, a three-way valve, and an 18 A AC contactor. The company is expected to target the European market to boost sales of its heat pump kit for residential applications.
Europe HVAC Field Device Market Leaders
Elektronische Bauelemente GmbH (EBG)
Ever Ohms Technology Co., Ltd.
Panasonic Corporation
Ralec Electronics Corporation
Rohm Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
