A thermal expansion valve or thermostatic expansion valve (often abbreviated as TEV, TXV, or TX valve) is a component in vapor-compression refrigeration and air conditioning systems that controls the amount of refrigerant released into the evaporator and is intended to regulate the superheat of the refrigerant that flows out of the evaporator to a steady value. Although often described as a "thermostatic" valve, an expansion valve is not able to regulate the evaporator's temperature to a precise value. The evaporator's temperature will vary only with the evaporating pressure, which will have to be regulated through other means (such as by adjusting the compressor's capacity). Thermal expansion valves are often referred to generically as "metering devices", although this may also refer to any other device that releases liquid refrigerant into the low-pressure section but does not react to temperature, such as a capillary tube or a pressure-controlled valve. A thermal expansion valve is a key element to a heat pump; this is the cycle that makes air conditioning, or air cooling, possible. A basic refrigeration cycle consists of four major elements: a compressor, a condenser, a metering device and an evaporator. As a refrigerant passes through a circuit containing these four elements, air conditioning occurs. The cycle starts when refrigerant enters the compressor in a low-pressure, moderate-temperature, gaseous form. The refrigerant is compressed by the compressor to a high-pressure and high-temperature gaseous state. The high-pressure and high-temperature gas then enters the condenser. The condenser cools the high-pressure and high-temperature gas allowing it to condense to a high-pressure liquid by transferring heat to a lower temperature medium, usually ambient air. In order to produce a cooling effect from the higher pressure liquid, the flow of refrigerant entering the evaporator is restricted by the expansion valve, reducing the pressure and allowing isenthalpic expansion back into the vapor phase to take place, which absorbs heat and results in cooling.

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