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Microchannel Heat Exchanger Market

Global Microchannel Heat Exchanger Market Size, Forecast: By Type: Condenser, Evaporator, Water Coil; By Application: Automotive, HVAC, Commercial Refrigeration, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Microchannel Heat Exchanger Market Outlook

The global microchannel heat exchanger market size is expected to achieve USD 56.81 billion by 2032, growing at a CAGR of 13.2% between 2024 and 2032. The microchannel heat exchanger market is being driven by the growing automotive industry due to an increase in automotive manufacturing, globally.

 

Microchannel Heat Exchanger Market

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The Asia Pacific is the leading regional market in the industry. India and China, especially, account for a significant proportion of the industry in the Asia Pacific region. The microchannel heat exchanger industry in the two countries is being driven by their robust automotive industry. The rapidly growing economies of the countries are also aiding the industry growth. The industry is also expected to see a healthy growth in Japan and South Korea driven by the rising production of automobiles in these countries.

 

Market Segmentation

The microchannel heat exchanger industry can be divided on the basis of segments like type and application. The industry can be broadly categorised according to its application segments into:

 

Microchannel Heat Exchanger Market By Segments

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  • Automotive
  • HVAC
    • Residential AC
    • Commercial AC
    • Precision Cooling
  • Commercial Refrigeration
    • Stationary Refrigeration
    • Transport Refrigeration
    • Cold Storage
  • Others

Condenser, evaporator, and water coil are the common types of microchannel heat exchanger, with condenser being the leading type. The EMR report looks into the regional markets of microchannel heat exchanger like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.

 

Market Analysis

The microchannel heat exchanger industry is being driven by the rising energy efficiency regulations and stringent emission standards across the globe. The industry is also finding impetus for its growth in the increasing demand for lightweight electronic appliances. The high demand for the product in the growing HVAC industry is also driving the industry. HVAC is expected to be the leading application sector for microchannel heat exchanger. The product is finding rising use in HVAC products like air conditioners and in heat pumps in refrigerators.  Water coil and condenser types of the product are projected to witness a robust growth in the coming years.

 

Microchannel Heat Exchanger Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global microchannel heat exchanger market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Sanhua (Hangzhou) Micro Channel Heat Exchanger Co., Ltd 
  • EVAPCO, Inc.
  • MAHLE GmbH
  • Modine Manufacturing Company
  • Goldstone HVACR Inc.
  • ThermoKey S.p.A. 
  • Kaltra Innovativtechnik GmbH
  • API Heat Transfer Inc. 
  • Climetal S.L.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Condenser
  • Evaporator
  • Water Coil
Breakup by Application
  • Automotive
  • HVAC
  • Commercial Refrigeration
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sanhua (Hangzhou) Micro Channel Heat Exchanger Co., Ltd 
  • EVAPCO, Inc.
  • MAHLE GmbH
  • Modine Manufacturing Company
  • Goldstone HVACR Inc.
  • ThermoKey S.p.A. 
  • Kaltra Innovativtechnik GmbH
  • API Heat Transfer Inc. 
  • Climetal S.L.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Microchannel Heat Exchanger Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Microchannel Heat Exchanger Historical Market (2018-2023) 
    8.3    Global Microchannel Heat Exchanger Market Forecast (2024-2032)
    8.4    Global Microchannel Heat Exchanger Market by Type
        8.4.1    Condenser
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Evaporator
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Water Coil
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Microchannel Heat Exchanger Market by Application
        8.5.1    Automotive
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    HVAC
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
            8.5.2.3    Breakup by Type
                8.5.2.3.1    Residential AC
                8.5.2.3.2    Commercial AC
                8.5.2.3.3    Precision Cooling
        8.5.3    Commercial Refrigeration
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
            8.5.3.3    Breakup by Type
                8.5.3.3.1    Stationary Refrigeration
                8.5.3.3.2    Transport Refrigeration
                8.5.3.3.3    Cold Storage
        8.5.4    Others
    8.6    Global Microchannel Heat Exchanger Market by Region     
      8.6.1    North America
          8.6.1.1    Historical Trend (2018-2023) 
          8.6.1.2    Forecast Trend (2024-2032)
      8.6.2    Europe
          8.6.2.1    Historical Trend (2018-2023) 
          8.6.2.2    Forecast Trend (2024-2032)
      8.6.3    Asia Pacific
          8.6.3.1    Historical Trend (2018-2023) 
          8.6.3.2    Forecast Trend (2024-2032)
      8.6.4    Latin America
          8.6.4.1    Historical Trend (2018-2023) 
          8.6.4.2    Forecast Trend (2024-2032)
      8.6.5    Middle East and Africa
          8.6.5.1    Historical Trend (2018-2023) 
          8.6.5.2    Forecast Trend (2024-2032)
9    North America Microchannel Heat Exchanger Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Microchannel Heat Exchanger Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Microchannel Heat Exchanger Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Microchannel Heat Exchanger Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Microchannel Heat Exchanger Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Trade Data  Analysis (HS Code- 841950)
    15.1    Major Importing Countries
        15.1.1    By Volume
        15.1.2    By Value
    15.2    Major Exporting Countries
        15.2.1    By Volume
        15.2.2      By Value
16    Competitive  Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Sanhua (Hangzhou) Micro Channel Heat Exchanger Co., Ltd 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    EVAPCO, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    MAHLE GmbH
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Modine Manufacturing Company
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Goldstone HVACR Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    ThermoKey S.p.A.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Kaltra Innovativtechnik GmbH
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    API Heat Transfer Inc.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Climetal S.L.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Microchannel Heat Exchanger Market: Key Industry Highlights, 2018 and 2032
2.    Global Microchannel Heat Exchanger Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Microchannel Heat Exchanger Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Microchannel Heat Exchanger Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Microchannel Heat Exchanger Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Microchannel Heat Exchanger Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Microchannel Heat Exchanger Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    Global Microchannel Heat Exchanger Market Structure

Key Questions Answered in the Report

The global microchannel heat exchanger market is projected to grow at a CAGR of nearly 13.2% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 56.81 billion by 2032. 

The major drivers of the industry include the rising disposable incomes, increasing population, rising automotive industry, and the rising demand for lightweight electronic appliances.

The rising energy efficiency regulations and stringent emission standards are expected to be the key trends guiding the growth of the market.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

The leading types of microchannel heat exchanger in the market are condenser, evaporator, and water coil.

The significant application segments in the market are automotive, HVAC, and commercial refrigeration, among others.

The leading players in the market are Sanhua (Hangzhou) Micro Channel Heat Exchanger Co., Ltd , EVAPCO, Inc., MAHLE GmbH, Modine Manufacturing Company, Goldstone HVACR Inc., ThermoKey S.p.A. , Kaltra Innovativtechnik GmbH, API Heat Transfer Inc. , Climetal S.L., Others.

Analyst Review

The global microchannel heat exchanger market is majorly driven by the rising automotive industry. Aided by the rising stringent emission standards, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 13.2%. The industry is projected to reach USD 56.81 billion by 2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the global market for microchannel heat exchanger can be segmented into condenser, evaporator, and water coil. On the basis of application, the industry can be divided into automotive, HVAC, and commercial refrigeration, among others. The major regional markets for microchannel heat exchanger are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Sanhua (Hangzhou) Micro Channel Heat Exchanger Co., Ltd , EVAPCO, Inc., MAHLE GmbH, Modine Manufacturing Company, Goldstone HVACR Inc., ThermoKey S.p.A. , Kaltra Innovativtechnik GmbH, API Heat Transfer Inc. , Climetal S.L., Others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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