Middle East and Africa Microchannel Heat Exchanger Market is expected to reach US$ 1,256.38 million in 2027

Published Date: 19 Nov 2020

Report : Middle East and Africa Microchannel Heat Exchanger Market to 2027 – COVID-19 Impact and Regional Analysis – by Type (Condenser, Evaporator, and Water Coil); Application (HVAC, Commercial Refrigeration, and Others)

Advantages of using micro channel heat exchangers in various applications to drive Middle East and Africa microchannel heat exchanger market at CAGR of 11.8%

 

According to the latest study on “Middle East and Africa Microchannel Heat Exchanger Market Forecast to 2027 – Covid-19 Impact and Analysis – by Type (Condenser, Evaporator, and Water Coil) and Application (HVAC, Commercial Refrigeration, and Others), and Country,” the Middle East and Africa microchannel heat exchanger market was valued at US$ 517.50 million in 2019 and is projected to reach US$ 1,256.38 million by 2027; it is expected to grow at a CAGR of 11.8% during 2020–2027. The report provides understanding on the key driving factors pertaining to the market growth and highlights the prominent players in the market, along with their developments.

 

Microchannel heat exchangers have applications in various important and diverse fields, including aerospace; bioengineering; gas turbine blade cooling, power and process industries, refrigeration and air conditioning; infrared detectors, and efficient laser mirrors and superconductors; microelectronics; and film deposition thermal control. The advantages of microchannel heat exchangers include high volumetric heat flux, compactness for space-critical applications, robust design, efficient flow distribution, and moderate pressure drops. The transportation and chemical manufacturing industries have been using MCHEs for decades. Micro-channel heat exchangers are used by both residential and industrial heat pump air conditioning systems. The efficiency of the heat pump system with microchannel heat exchangers is compared to that of the basic heat pump system using tube and fin heat exchangers. It is demonstrated that by using microchannel heat exchangers, the system capacity can increase by 4 percent for the residential heat pump air-conditioning system, and the system efficiency can increase by 1-2 percent, keeping the face area of the heat exchangers the same. The heat exchanger weight can be reduced by 44 percent, and the refrigerant charge can be reduced by 51 percent.

 

Micro heat exchangers or microstructured heat exchangers are heat exchangers in which the fluid flows in lateral confinements with dimensions below 1 mm. A microchannel heat exchanger is a heat exchanger with a hydraulic diameter below 1 mm. It can be made using ceramic or metal. The microchannel heat exchanger is used in applications such as heat pumps, air conditioning, and high performance aircraft gas turbine engines. It is increasingly applied in the heating, ventilation, air conditioning, and refrigeration field owing to its highly efficient heat transfer rate, lower cost, and a compact structure. The microchannel heat exchanger improves the process technology and is used in household air conditioning and automotive air conditioning systems.

 

The Middle East & Africa region includes countries such as South Africa, Saudi Arabia, the UAE, and the rest of MEA. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the varied industrial sectors. The electronics industry in the MEA is considered to be one of the fastest-growing sectors. The MEA is an evolving market for electronics owing to the increased demand for smart electronics products in the region. The use of microchannel heat exchangers in stimulating the liquid flow and heat transfer for reducing the power consumption and heating of electronic devices drives the demand for microchannel heat exchangers in the electronic industries in the Middle East and Africa region. The market for MEA is experiencing rapid development with the growth of markets such as Dubai, Abu Dhabi, and Iran. These markets are expected to expand and stimulate the demand for microchannel heat exchangers. The demand for microchannel heat exchangers in heat pump, evaporator and condensers is another reason that has been contributing to the expansion of the solder materials market in this region. New investment and better marketing strategies have led to the capture of market share in the MEA region. The market is highly dominated by the use of microchannel heat exchangers in the automotive industry. The application of microchannel heat exchangers in commercial refrigeration and automotive applications for air conditioning fuels the market demand in MEA. One of the major reason driving the demand for microchannel heat exchangers is the surge in the demand for heat, air ventilation and cooling. Also, the energy efficiency regulations together with the strict emission standards have boosted the market for microchannel heat exchangers in the region.

 

The COVID-19 outbreak first began in Wuhan, China, in December 2019, and since then, it has spread at a fast pace worldwide. As of October 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the major industries suffering facing serious disruptions such as office and factory shutdown and supply chain breaks, as a result of this outbreak. South Africa has the highest number of confirmed cases of COVID-19 morbidities in Middle East and Africa. The majority of the manufacturing plants were shut down during the lockdown, and the construction industry was at a halt, which has negatively impacted the microchannel heat exchanger market. In South Africa and Saudi Arabia, manufacturing units deemed nonessential were shut down, and the essential projects are subject to public health guidelines. The slowdown in the sales of microchannel heat exchanger in Middle East and African region will surely affect the overall growth of the microchannel heat exchanger market.


Some of the major key players operating in the Middle East and Africa microchannel heat exchanger market include API Heat Transfer Inc., Climetal S.L, Danfoss, DENSO Corporation, Hanon Systems, Kaltra, Zhejiang Kangsheng Co. Ltd (Kasun), MAHLE GmbH, Modine Manufacturing Company and Sanhua Holding Group Co., Ltd. among many others.

Middle East and Africa Microchannel Heat Exchanger Market Revenue and Forecast to 2027

Middle East and Africa Microchannel Heat Exchanger Market Revenue and Forecast to 2027

 

The report includes the segmentation of Middle East and Africa microchannel heat exchanger market as follows:


By Type

  • Condenser
  • Evaporator
  • Water Coil


By Application

  • HVAC
  • Commercial Refrigeration
  • Others


By Country

  • South Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA

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