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Global Microchannel Heat Exchanger Market: By Type: Condenser, Evaporator, Water Coil; By Application: Automotive, HVAC, Commercial Refrigeration, Others; Regional Analysis; Historical Market and Forecast (2017-2027); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Microchannel Heat Exchanger Market Outlook

The global microchannel heat exchanger market size is expected to achieve USD 27.1 billion by 2026, growing at a CAGR of 13.2% between 2022 and 2027. The microchannel heat exchanger market is being driven by the growing automotive industry due to an increase in automotive manufacturing, globally.

 

Global 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.

 

Properties and Applications

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:

 

Global Microchannel Heat Exchanger Market By Type

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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.

 

Global Microchannel Heat Exchanger Market By Region

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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.

 

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 Holding Group Co.
  • MAHLE GmbH
  • Modine Manufacturing Company
  • API Heat Transfer Inc. 
  • Climetal S.L.
  • Danfoss Industries Pvt. Ltd. 
  • Kaltra Innovativtechnik GmbH

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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Sanhua Holding Group Co., MAHLE GmbH, Modine Manufacturing Company, API Heat Transfer Inc., Climetal S.L., Danfoss Industries Pvt. Ltd., Kaltra Innovativtechnik GmbH
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data 
3    Executive Summary 
    3.1    Market Overview
    3.2    Market Analysis
4    Global Microchannel Heat Exchanger Market Analysis
    4.1    Global Microchannel Heat Exchanger Market (2017-2021) & Forecast (2022-2027)
    4.2    Global Microchannel Heat Exchanger Market Breakup by Type
        4.2.1    Condenser
        4.2.2    Evaporator
        4.2.3    Water Coil
    4.3    Global Microchannel Heat Exchanger Market Breakup by Type: Historical Market (2017-2021) & Forecast (2022-2027)
        4.3.1    Condenser
        4.3.2    Evaporator
        4.3.3    Water Coil 
    4.4    Global Microchannel Heat Exchanger Market Breakup by Application
        4.4.1    Automotive
        4.4.2    HVAC
            4.4.2.1    Residential AC
            4.4.2.2    Commercial AC
            4.4.2.3    Precision Cooling
        4.4.3    Commercial Refrigeration
            4.4.3.1    Stationary Refrigeration
            4.4.3.2    Transport Refrigeration
            4.4.3.3    Cold Storage
        4.4.4    Others
    4.5    Global Microchannel Heat Exchanger Market Breakup by Application: Historical Market (2017-2021) & Forecast (2022-2027)
        4.5.1    Automotive
        4.5.2    HVAC
            4.5.2.1    Residential AC
            4.5.2.2    Commercial AC
            4.5.2.3    Precision Cooling
        4.5.3    Commercial Refrigeration
            4.5.3.1    Stationary Refrigeration
            4.5.3.2    Transport Refrigeration
            4.5.3.3    Cold Storage
        4.5.4    Others 
    4.6    Global Microchannel Heat Exchanger Market Breakup by Region
        4.6.1    North America
            4.6.1.1    United States of America
            4.6.1.2    Canada
        4.6.2    Europe
            4.6.2.1    Germany
            4.6.2.2    United Kingdom
            4.6.2.3    France
            4.6.2.4    Italy
            4.6.2.5    Others
        4.6.3    Asia Pacific
            4.6.3.1    China
            4.6.3.2    Japan
            4.6.5.3    India
            4.6.3.4    ASEAN
            4.6.3.5    Others
        4.6.4    Latin America
            4.6.4.1    Brazil
            4.6.4.2    Argentina
            4.6.4.3    Mexico
            4.6.4.4    Others
        4.6.5    Middle East & Africa
            4.6.5.1    Saudi Arabia
            4.6.5.2    United Arab Emirates
            4.6.5.3    Nigeria
            4.6.5.4    South Africa
            4.6.5.5    Others
    4.7     Global Microchannel Heat Exchanger Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
        4.7.1    North America
            4.7.1.1    United States of America
            4.7.1.2    Canada
        4.7.2    Europe
            4.7.2.1    Germany
            4.7.2.2    United Kingdom
            4.7.2.3    France
            4.7.2.4    Italy
            4.7.2.5    Others
        4.7.3    Asia Pacific
            4.7.3.1    China
            4.7.3.2    Japan
            4.7.5.3    India
            4.7.3.4    ASEAN
            4.7.3.5    Others
        4.7.4    Latin America
            4.7.4.1    Brazil
            4.7.4.2    Argentina
            4.7.4.3    Mexico
            4.7.4.4    Others
        4.7.5    Middle East & Africa
            4.7.5.1    Saudi Arabia
            4.7.5.2    United Arab Emirates
            4.7.5.3    Nigeria
            4.7.5.4    South Africa
            4.7.5.5    Others
5    SWOT Analysis
    5.1    Overview
    5.2    Strengths
    5.3    Weaknesses
    5.4    Opportunities
    5.5    Threats
6    Porter’s Five Forces Analysis
    6.1    Overview
    6.2    Buyer’s Power
    6.3    Supplier’s Power
    6.4    New Entrants
    6.5    Degree of Rivalry
    6.6    Substitutes
7    Competitive Landscape & Supplier Analysis
    7.1    Sanhua Holding Group Co.
    7.2    MAHLE GmbH
    7.3    Modine Manufacturing Company
    7.4    API Heat Transfer Inc. 
    7.5    Climetal S.L.
    7.6    Danfoss Industries Pvt. Ltd. 
    7.7    Kaltra Innovativtechnik GmbH
8    Industry Events and Developments

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 2022-2027.

The market is estimated to reach a value of about USD 27.1 billion by 2026.

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 industry.

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 industry 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 Holding Group Co., MAHLE GmbH, Modine Manufacturing Company, API Heat Transfer Inc., Climetal S.L., Danfoss Industries Pvt. Ltd., and Kaltra Innovativtechnik GmbH.

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 2022-2027, growing at a CAGR of 13.2%. The industry is projected to reach USD 27.1 billion by 2026.

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 Holding Group Co., MAHLE GmbH, Modine Manufacturing Company, API Heat Transfer Inc., Climetal S.L., Danfoss Industries Pvt. Ltd., and Kaltra Innovativtechnik GmbH.

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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