Microchannel Heat Exchanger Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Condenser, Evaporator, and Water Coil) and Application (HVAC, Commercial Refrigeration, and Others)

Publication Month: Oct 2020 | Report Code: TIPRE00005853 | No. of Pages: 135 | Category: Chemicals and Materials | Status: Published

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The microchannel heat exchanger market was valued at US$ 7,794.93 million in 2019 and is projected to reach US$ 19,630.87 million by 2027; it is expected to grow at a CAGR of 12.4 % from 2020 to 2027.

 

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.Microchannel heat exchangers find applications in various essential 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 offered by 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. Microchannel 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 be increased by 4% for the residential heat pump airconditioning system, and the system efficiency can be increased by 1–2%, keeping the face area of the heat exchangers the same. The heat exchanger weight can be reduced by 44%, and the refrigerant charge can be reduced by 51%.

 

In 2019, AsiaPacific was the largest market for the global microchannel heat exchanger market. The demand for a microchannel heat exchanger is expected to increase in the region due to the surge in demand in the diverse fields of automotive, bioengineering, refrigeration, and air conditioning. The rise in demand for the industrial refrigeration systems in the fast moving consumer goods industries supports the microchannel heat exchanger market in the Asia Pacific region. The high demand for microchannel heat exchanger is rising in the region owing to its use in lightweight electronic applications. Also, the use of microchannel heat exchangers in the manufacturing units with air conditioning systems fuels the demand for the microchannel heat exchangers in Asia Pacific. The presence of well-established players is yet another factor supporting the market in the region. The development of new manufacturing industries together with the government support to increase the industrial production is further expected to bolster the demand for microchannel heat exchangers in Asia Pacific.

 

The COVID-19 pandemic first began in Wuhan, China, during December 2019, and since then it has spread across the world at a fast pace.The US, India, Brazil, Russia, Spain, Argentina, and Franceare among the mostaffected countries in terms of confirmed cases and reported deaths as of October 2020. According to the latest WHO figures as of October 2020, there are ~40,251,950confirmed cases and 1,116,131 total deaths globally. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks andinterruptions in manufacturing, due to COVID-19 outbreak. The lockdown of various plants and factories in China as well as leading regions such as Asia Pacific and Europe is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global microchannel heat exchanger market.

 

Global Microchannel Heat Exchanger Market

Global Microchannel Heat Exchanger Market

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Market Insights

Steady Growth in Automotive Production

In automotive applications, heat exchangers are used for transferring heat from hot exhaust gas to the coolant fluid to increase the temperature of the coolant. Furthermore, the ability to efficiently transfer heat between fluids using lightweight, compact heat exchangers is important in a variety of applications, such as automotive radiators, air conditioning, and aerospace applications. Microchannel heat exchangers are well suited to these applications due to the compactness, lightness, and high heat transfer performance of the microchannel. MCHE is a well-proven technology, which has been widely used in the automotive industry for 20 years due to its efficiency, economy, recyclability, and lightness. Microchannel aluminum heat exchangers are used in the automotive industry due to their energy efficiency. Heat exchanger manufacturing companies are investing heavily in R&D to develop energy-efficient heat exchangers. Vendors are actively researching the use of thermoelectric technology for the recovery of lost heat energy. Research is ongoing on the TE waste heat energy recovery method for the application of internal combustion engines in the automotive sector. A TEG framework for automotive waste heat recovery systems would also be implemented. The use of the automotive plate-fin heat exchanger and TEG would enhance heat transfer. For example, Climetal has introduced advanced microchannel aluminum heat exchangers for HVAC systems in automotive and other commercial systems. The close spacing and small channel diameter of the microchannel aluminum heat exchangers lead to the development of a heat exchanger with very high energy efficiency and a very low refrigerant charge. Thus, by improving the design of the heat exchanger, it is able to offer improved energy efficiency and savings in terms of operating costs. Developments in the automotive heat exchanger technology are expected to increase the use of automotive heat exchangers in automotive vehicles.

 

TypeInsights

Based on type, the microchannel heat exchanger market is segmented intocondenser, evaporator and water coil. The condenser segment led the microchannel heat exchanger market with the highest market share in 2019.A condenser is a part of a cooling system (watercooled or aircooled), which is used to remove heat produced by an industrial or commercial process.In condenser coils, the lower header acts as a liquid refrigerant receiver. Construction of the header in this way decreases crucial refrigerant charge problems and optimizes the output of the condenser coil during part load operation. The condenser is the physical state of the heat exchange fluid in which the hot fluid remains at a constant temperature throughout its passage through the heat exchanger, while the temperature of the other fluid (coolant) steadily increases from inlet to outlet. Microchannel condensers are high-performance exchangers. They allow higher global heat transfer coefficients, despite their reduced dimensions. The condenser segment accounted for a significant market share due to the high demand from air conditioner systems for automotive, residential, and commercial sectors. The high demand for condensers in themicrochannel heat exchanger is because of therise in demand from the heat, ventilation, air conditioning (HVAC) industry owing to its compact nature, fewer refrigerant requirements, and high heat transfer rates.

 

Application Insights

Based on application, the microchannel heat exchanger market is segmented into HVAC, commercial refrigeration, and others. The others segment led the microchannel heat exchanger market with the highest market share in 2019.The advantages provided by the microchannel heat exchangers include high volumetric heat flux, compactness for space-critical applications, robust design, efficient flow distribution, and moderate pressure drops. Due to these advantages, it is highly preferred in various applications. Honeywell Aerospace has been designing microchannel heat exchangers for aerospace applications. These heat exchangers deliver a substantial reduction in volume and weight reduction compared to state-of-the-art aerospace heat exchangers constructed using offset plate and fin interrupted surfaces.

 

Global Microchannel Heat Exchanger Market, byType– 2019& 2027

Global Microchannel Heat Exchanger Market, byType– 2019& 2027

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Strategic Insights

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.are among the key playerspresent in the global microchannel heat exchanger market. These companies areimplementing new product development and mergers and acquisition strategies to expand the customer base and gain significant market share across the world, which, in turnpermit the players to maintain their brand name globally.

 

Report Spotlights

  • Progressive industry trends in the global microchannel heat exchangermarket help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global microchannel heat exchangermarket from 2017 to 2027
  • Estimation of global microchannel heat exchangerdemand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and global microchannel heat exchanger demand
  • Market trends and outlook coupled with factors driving and restraining the growth of the global microchannel heat exchangermarket
  • Decision-making process by understanding strategies that underpin commercial interest with regard to global microchannel heat exchangermarket growth
  • Global microchannel heat exchangermarket size at various nodes of market
  • Detailed overview and segmentation of the global microchannel heat exchangermarket, as well as its dynamics in the industry
  • Global microchannel heat exchangermarket size in various regions with promising growth opportunities

Global Microchannel Heat Exchanger Market, byType

  • Condenser
  • Evaporator
  • Water Coil


Global Microchannel Heat Exchanger Market, by Application

  • HVAC
  • Commercial Refrigeration
  • Others


Company Profiles

  • API Heat Transfer Inc.
  • Climetal S.L
  • Danfoss
  • DENSO Corporation
  • Hanon Systems
  • Kaltra
  • Zhejiang Kangsheng Co. Ltd (Kasun)
  • MAHLE GmbH
  • Modine Manufacturing Company
  • Sanhua Holding Group Co., Ltd

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Microchannel Heat Exchanger Market, by Type

1.3.2        Microchannel Heat Exchanger Market, by Application

1.3.3        Microchannel Heat Exchanger Market, by Geography

2.             Key Takeaways

3.             Research Methodology

3.1       Scope of the Study

3.2       Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.             Microchannel Heat Exchanger Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        APAC

4.2.4        MEA

4.2.5        SAM

4.3       Expert Opinion

4.4       Ecosystem Analysis

5.             Microchannel Heat Exchanger Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Steady Growth in Automotive Production

5.1.2        Advantages of using Micro Channel Heat Exchangers in various applications

5.2       Market Restraints

5.2.1        Volatile Prices of Raw Material and high cost associated with microchannel heat exchangers

5.3       Market Opportunities

5.3.1        Use of Thermal Management Systems for EVs

5.4       Future Trends

5.4.1        High Demand for MCHE in the growing HVAC Industry

5.5       Impact Analysis Of Drivers And Restraints

6.             Microchannel Heat Exchanger – Global Market Analysis

6.1       Microchannel Heat Exchanger Market Overview

6.2       Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

6.3       Market Positioning – Global Market Players

7.             Microchannel Heat Exchanger Market Analysis – By Type

7.1       Overview

7.2       Microchannel heat exchanger Market, By Type (2019 and 2027)

7.3       Condenser

7.3.1        Overview

7.3.2        Condenser: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

7.4       Evaporator

7.4.1        Overview

7.4.2        Evaporator: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

7.5       Water Coil

7.5.1        Overview

7.5.2        Water Coil: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

8.             Microchannel Heat Exchanger Market Analysis –  By Application

8.1       Overview

8.2       Microchannel Heat Exchanger Market, By Application (2019 and 2027)

8.3       HVAC

8.3.1        Overview

8.3.2        HVAC: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Commercial Refrigeration

8.4.1        Overview

8.4.2        Commercial Refrigeration: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027  (US$ Million)

8.5       Others

8.5.1        Overview

8.5.2        Others: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

9.             Microchannel Heat Exchanger Market – Geographic Analysis

9.1       Overview

9.2       North America: Microchannel Heat Exchanger Market

9.2.1        North America: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

9.2.2        North America: Microchannel Heat Exchanger Market, by Type

9.2.3        North America: Microchannel Heat Exchanger Market, by Application

9.2.4        North America: Microchannel Heat Exchanger Market, by Key Country

9.2.4.1      US: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.2.4.1.1       US: Microchannel Heat Exchanger Market, by Type

9.2.4.1.2       US: Microchannel Heat Exchanger Market, by Application

9.2.4.2      Canada: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.2.4.2.1       Canada: Microchannel Heat Exchanger Market, by Type

9.2.4.2.2       Canada: Microchannel Heat Exchanger Market, by Application

9.2.4.3      Mexico: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.2.4.3.1       Mexico: Microchannel Heat Exchanger Market, by Type

9.2.4.3.2       Mexico: Microchannel Heat Exchanger Market, by Application

9.3       Europe: Microchannel Heat Exchanger Market

9.3.1        Europe: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

9.3.2        Europe: Microchannel Heat Exchanger Market, by Type

9.3.3        Europe: Microchannel Heat Exchanger Market, by Application

9.3.4        Europe: Microchannel Heat Exchanger Market, by Key Country

9.3.4.1      Germany: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.3.4.1.1       Germany: Microchannel Heat Exchanger Market, by Type

9.3.4.1.2       Germany: Microchannel Heat Exchanger Market, by Application

9.3.4.2      France: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.3.4.2.1       France: Microchannel Heat Exchanger Market, by Type

9.3.4.2.2       France: Microchannel Heat Exchanger Market, by Application

9.3.4.3      Italy: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.3.4.3.1       Italy: Microchannel Heat Exchanger Market, by Type

9.3.4.3.2       Italy: Microchannel Heat Exchanger Market, by Application

9.3.4.4      UK: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.3.4.4.1       UK: Microchannel Heat Exchanger Market, by Type

9.3.4.4.2       UK: Microchannel Heat Exchanger Market, by Application

9.3.4.5      Russia: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.3.4.5.1       Russia: Microchannel Heat Exchanger Market, by Type

9.3.4.5.2       Russia: Microchannel Heat Exchanger Market, by Application

9.3.4.6      Rest of Europe: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.3.4.6.1       Rest of Europe: Microchannel Heat Exchanger Market, by Type

9.3.4.6.2       Rest of Europe: Microchannel Heat Exchanger Market, by Application

9.4       APAC: Microchannel Heat Exchanger Market

9.4.1        APAC: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

9.4.2        APAC: Microchannel Heat Exchanger Market, by Type

9.4.3        APAC: Microchannel Heat Exchanger Market, by Application

9.4.4        APAC: Microchannel Heat Exchanger Market, by Key Country

9.4.4.1      Australia: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.4.4.1.1       Australia: Microchannel Heat Exchanger Market, by Type

9.4.4.1.2       Australia: Microchannel Heat Exchanger Market, by Application

9.4.4.2      China: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.4.4.2.1       China: Microchannel Heat Exchanger Market, by Type

9.4.4.2.2       China: Microchannel Heat Exchanger Market, by Application

9.4.4.3      India: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.4.4.3.1       India: Microchannel Heat Exchanger Market, by Type

9.4.4.3.2       India: Microchannel Heat Exchanger Market, by Application

9.4.4.4      Japan: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.4.4.4.1       Japan: Microchannel Heat Exchanger Market, by Type

9.4.4.4.2       Japan: Microchannel Heat Exchanger Market, by Application

9.4.4.5      South Korea: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.4.4.5.1       South Korea: Microchannel Heat Exchanger Market, by Type

9.4.4.5.2       South Korea: Microchannel Heat Exchanger Market, by Application

9.4.4.6      Rest of APAC: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.4.4.6.1       Rest of APAC: Microchannel Heat Exchanger Market, by Type

9.4.4.6.2       Rest of APAC: Microchannel Heat Exchanger Market, by Application

9.5       MEA: Microchannel Heat Exchanger Market

9.5.1        MEA: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

9.5.2        MEA: Microchannel Heat Exchanger Market, by Type

9.5.3        MEA: Microchannel Heat Exchanger Market, by Application

9.5.4        MEA: Microchannel Heat Exchanger Market, by Key Country

9.5.4.1      South Africa: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.5.4.1.1       South Africa: Microchannel Heat Exchanger Market, by Type

9.5.4.1.2       South Africa: Microchannel Heat Exchanger Market, by Application

9.5.4.2      Saudi Arabia: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.5.4.2.1       Saudi Arabia: Microchannel Heat Exchanger Market, by Type

9.5.4.2.2       Saudi Arabia: Microchannel Heat Exchanger Market, by Application

9.5.4.3      UAE: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.5.4.3.1       UAE: Microchannel Heat Exchanger Market, by Type

9.5.4.3.2       UAE: Microchannel Heat Exchanger Market, by Application

9.5.4.4      Rest of MEA: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.5.4.4.1       Rest of MEA: Microchannel Heat Exchanger Market, by Type

9.5.4.4.2       Rest of MEA: Microchannel Heat Exchanger Market, by Application

9.6       SAM: Microchannel Heat Exchanger Market

9.6.1        SAM: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

9.6.2        SAM: Microchannel Heat Exchanger Market, by Type

9.6.3        SAM: Microchannel Heat Exchanger Market, by Application

9.6.4        SAM: Microchannel Heat Exchanger Market, by Key Country

9.6.4.1      Brazil: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.6.4.1.1       Brazil: Microchannel Heat Exchanger Market, by Type

9.6.4.1.2       Brazil: Microchannel Heat Exchanger Market, by Application

9.6.4.2      Argentina: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.6.4.2.1       Argentina: Microchannel Heat Exchanger Market, by Type

9.6.4.2.2       Argentina: Microchannel Heat Exchanger Market, by Application

9.6.4.3      Rest of SAM: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

9.6.4.3.1       Rest of SAM: Microchannel Heat Exchanger Market, by Type

9.6.4.3.2       Rest of SAM: Microchannel Heat Exchanger Market, by Application

10.          Impact of Covid-19 Pandemic on Global Microchannel Heat Exchanger Market

10.1    Overview

10.2    North America: Impact Assessment of COVID-19 Pandemic

10.3    Europe: Impact assessment of COVID-19 Pandemic

10.4    Asia-Pacific: Impact assessment of COVID-19 Pandemic

10.5    Middle East and Africa: Impact assessment of COVID-19 Pandemic

10.6    South America: Impact assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1    Product News

11.2    Mergers and Acquisitions

12.          Company Profiles

12.1    API HEAT TRANSFER

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.2    CLIMETAL S.L.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Key Developments

12.2.5     Financial Overview

12.2.6     SWOT Analysis

12.3    DANFOSS

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.4    DENSO CORPORATION

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Key Developments

12.4.5     Financial Overview

12.4.6     SWOT Analysis

12.5    HANON SYSTEM

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Key Developments

12.5.5     Financial Overview

12.5.6     SWOT Analysis

12.6    KALTRA

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.7    ZHEJIANG KANGSHENG CO. LTD (KASUN)

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.8    MAHLE GMBH

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Key Developments

12.8.5     Financial Overview

12.8.6     SWOT Analysis

12.9    MODINE MANUFACTURING COMPANY

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Key Developments

12.9.5     Financial Overview

12.9.6     SWOT Analysis

12.10 SANHUA HOLDING GROUP

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Key Developments

12.10.5   Financial Overview

12.10.6   SWOT Analysis

13.          Appendix

13.1    About The Insight Partners

13.2    Glossary of Terms


LIST OF TABLES

Table 1.             Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.             North America Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             North America Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027  (US$ Million)

Table 4.             US Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 5.             US Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 6.             Canada Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 7.             Canada Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Mexico Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 9.             Mexico Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 10.          Europe Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.          Europe Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 12.          Germany Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 13.          Germany Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 14.          France Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 15.          France Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 16.          Italy Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 17.          Italy Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 18.          UK Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 19.          UK Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 20.          Russia Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 21.          Russia Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 22.          Rest of Europe Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 23.          Rest of Europe Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027  (US$ Million)

Table 24.          APAC Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 25.          APAC Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 26.          MEA Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 27.          MEA Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 28.          SAM Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 29.          SAM Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 30.          Brazil Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 31.          Brazil Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 32.          Argentina Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 33.          Argentina Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 34.          Rest of SAM Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 35.          Rest of SAM Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027  (US$ Million)

Table 36.          Glossary of Terms, Microchannel Heat Exchanger Market

 

LIST OF FIGURES

Figure 1.           Microchannel Heat Exchanger Market Segmentation

Figure 2.           Microchannel Heat Exchanger Market Segmentation – By Geography

Figure 3.           Global Microchannel Heat Exchanger Market Overview

Figure 4.           Condenser Segment Held Largest Share of Global Microchannel Heat Exchanger Market

Figure 5.           Asia Pacific Region Held Largest Share of Global Microchannel Heat Exchanger Market

Figure 6.           Global Microchannel Heat Exchanger Market, Industry Landscape

Figure 7.           North America: PEST Analysis

Figure 8.           Europe: PEST Analysis

Figure 9.           APAC: PEST Analysis

Figure 10.        MEA: PEST Analysis

Figure 11.        SAM: PEST Analysis

Figure 12.        Expert Opinion

Figure 13.        Microchannel Heat Exchanger Market – Ecosystem Analysis

Figure 14.        Microchannel Heat Exchanger Market Impact Analysis Of Driver And Restraints

Figure 15.        Geographic Overview of Microchannel Heat Exchanger Market

Figure 16.        Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Microchannel heat exchanger Market Revenue Share, By Type (2019 and 2027)

Figure 18.        Condenser: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)

Figure 19.        Evaporator: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)

Figure 20.        Water Coil: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)

Figure 21.        Microchannel Heat Exchanger Market Revenue Share, By Application (2019 and 2027)

Figure 22.        HVAC: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)

Figure 23.        Commercial Refrigeration: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)

Figure 24.        Others: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)

Figure 25.        Global Microchannel Heat Exchanger Market Revenue Share, by Region (2019 and 2027)

Figure 26.        North America: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        North America: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)

Figure 28.        North America: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)

Figure 29.        North America: Microchannel Heat Exchanger Market Revenue Share, by Key Country (2019 and 2027)

Figure 30.        US: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Canada: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Mexico: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 33.        Europe: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.        Europe: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)

Figure 35.        Europe: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)

Figure 36.        Europe: Microchannel Heat Exchanger Market Revenue Share, by Key Country (2019 and 2027)

Figure 37.        Germany: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 38.        France: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 39.        Italy: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 40.        UK: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 41.        Russia: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 42.        Rest of Europe: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 43.        APAC: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

Figure 44.        APAC: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)

Figure 45.        APAC: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)

Figure 46.        APAC: Microchannel Heat Exchanger Market Revenue Share, by Key Country (2019 and 2027)

Figure 47.        Australia: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 48.        China: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 49.        India: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 50.        Japan: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 51.        South Korea: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 52.        Rest of APAC: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 53.        MEA: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

Figure 54.        MEA: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)

Figure 55.        MEA: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)

Figure 56.        MEA: Microchannel Heat Exchanger Market Revenue Share, by Key Country (2019 and 2027)

Figure 57.        South Africa: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 58.        Saudi Arabia: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 59.        UAE: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 60.        Rest of MEA: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 61.        SAM: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)

Figure 62.        SAM: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)

Figure 63.        SAM: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)

Figure 64.        SAM: Microchannel Heat Exchanger Market Revenue Share, by Key Country (2019 and 2027)

Figure 65.        Brazil: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 66.        Argentina: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 67.        Rest of SAM: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)

Figure 68.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 69.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 70.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 71.        Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 72.        Impact of COVID-19 Pandemic in South America Country Markets

 

The List of Companies  - Microchannel Heat Exchanger Market

  1. API Heat Transfer
  2. Climetal S.L.
  3. Danfoss
  4. Denso Corporation
  5. Hanon System
  6. Kaltra
  7. Zhejiang Kangsheng Co. Ltd (Kasun)
  8. MahleGmbh
  9. Modine Manufacturing Company
  10. Sanhua Holding Group
  • Highlights key business priorities to assist companies realign their business strategies.

  • Featureskey findings and crucial progressive industry trends in the global microchannel heat exchangermarket, thereby allowing players to develop effective long-term strategies.

  • Develops/modifiesbusiness expansion plans by using substantial growth offering from developed and emerging markets.

  • Scrutinizes in-depth market trends as well askey market driversand restraints.

  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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Frequently Asked Questions

The major players operating in the globalmicrochannel heat exchangermarketare API Heat Transfer, Climetal S.L., Danfoss, Denso Corporation, Hanon System, Kaltra, Zhejiang Kangsheng Co. LTD (KASUN),Mahle GMBH, Modine Manufacturing Company, Sanhua Holding Group among many others.

In 2019,the microchannel heat exchangermarket was predominantin Asia-Pacificat theglobal level.Surge in demand in the diverse fields of automotive, bioengineering, refrigeration, and air conditioning has had a noteworthy influence on the microchannel heat exchanger market in Asia- Pacific. The market for microchannel heat exchanger in Asia- Pacific is witnessing growth owing to the presence of well-established players such as Danfoss, Denso Corporation, Modine Manufacturing Company, and others in this region. With the rise in demand for the industrial refrigeration systems in the FMCG industriesin the region is expected to continue to grow over the projected period. The use of microchannel heat exchanger in the manufacturing units with air conditioning systemswill further support product demand. Also, the swift in the middle- class population, along with growth in urbanization and rise in disposable income available in the hands of people, leads to the rise in demand for both commercial & residential HVAC systems is also anticipated to fuel the market size over the forecast period.

The growth of the water coilsegment is primarily attributed to the fact thatmicrochannel water coils are multipurpose heat exchangers designed for air-to-water applications such as cooling water coils, free cooling coils, dry coolers, heat coils, pumped loop evaporators, gas cooling, heating coils, and special applications. Water coils have increased wall thickness of the tube, ensuring reliable operation and long lifespan. The coil itself is a robust frame that offers airtight flush mounting and removes unnecessary reinforcement components. Water coils contain either horizontal or vertical microchannel tubes that improve heat transfer, maintain predictable performance, and low-pressure drops. Due to the ultra-low pressure drop in the headers, our water coils work perfectly in any application.All these factors are responsible for the water coil segment to grow at the highest rate.

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