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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 (2018-2028); Market Dynamics: 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 34.60 billion by 2028, growing at a CAGR of 13.2% between 2023 and 2028. The microchannel heat exchanger market is being driven by the growing automotive industry due to an increase in automotive manufacturing, globally.
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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:
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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.
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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 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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Microchannel Heat Exchanger Market Forecast (2023-2028)
8.4 Global Microchannel Heat Exchanger Market by Type
8.4.1 Condenser
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Evaporator
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Water Coil
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Microchannel Heat Exchanger Market by Application
8.5.1 Automotive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 HVAC
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.2.4 Breakup by Type
8.5.2.4.1 Residential AC
8.5.2.4.2 Commercial AC
8.5.2.4.3 Precision Cooling
8.5.3 Commercial Refrigeration
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.3.4 Breakup by Type
8.5.3.4.1 Stationary Refrigeration
8.5.3.4.2 Transport Refrigeration
8.5.3.4.3 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 (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Microchannel Heat Exchanger Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Microchannel Heat Exchanger Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Microchannel Heat Exchanger Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Microchannel Heat Exchanger Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Microchannel Heat Exchanger Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 Modine Manufacturing Company
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 Goldstone HVACR Inc.
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 ThermoKey S.p.A.
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 Danfoss Industries Pvt. Ltd.
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 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 2028
2. Global Microchannel Heat Exchanger Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Microchannel Heat Exchanger Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Microchannel Heat Exchanger Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Microchannel Heat Exchanger Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Microchannel Heat Exchanger Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Microchannel Heat Exchanger Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Microchannel Heat Exchanger Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Microchannel Heat Exchanger Market Forecast: Breakup by Country (USD Million), 2023-2028
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 2023-2028.
The market is estimated to reach a value of about USD 34.60 billion by 2028.
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 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 2023-2028, growing at a CAGR of 13.2%. The industry is projected to reach USD 34.60 billion by 2028.
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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