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Pulished Date June, 2020
ID: 9649
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Microchannel Heat Exchanger Market - By Type (Condenser, Evaporator, Water Coil), By Application (Automotive, HVAC, Commercial Refrigeration) & By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Analysis on Size, Share, Trends, Growth, Insights & Forecast Report | 2020 - 2025

Pulished: June, 2020
ID: 9649
Pages: 165

Microchannel Heat Exchanger Market Size, Share & Forecast (2020 - 2025)

The size and share of the global Microchannel Heat Exchanger (MCHE) Market size were estimated at USD 11.3 billion in 2019 and during the forecast period, it is supposed to reach USD 20.7 billion, expanding at a compound annual growth rate of 13.0%. The global increase in automotive production is a crucial factor for the Microchannel Heat Exchanger market.

MCHE is the type of heat exchangers in which the fluid flows in lateral detentions with typical dimensions less than 1mm. MCHE can be made using metals or ceramics that are mostly used in commercial and residential air conditioning systems. MCHE is also used in refrigeration equipment as they are energy driven and result in lower refrigeration charge.

Drivers & Restraints of the Microchannel Heat Exchanger Market

  • The major factor driving the microchannel heat exchanger market is the surge in demand form heat, air ventilation, cooling, and refrigeration in this industry

  • In the global microchannel heat exchanger market, the energy efficiency regulations and strict emission standards have boosted the economy

  • In the market, the production of a low-cost microchannel heat exchanger might be restricting the growth.

  • In the global market, during the forecast period, the application of thermal management systems for environmental studies show as a growth opportunity in the market

  • The condenser segment dominates the microchannel heat exchanger market, with a share of 90.0% and more. Its high utilization in heat transfer systems is significantly driving its demand.

  • Condensing units like HVAC chillers, process freezers, industrial process tools, food & beverage process equipment, data center systems, rooftop systems, and others are promoting the business demand.

  • The air conditioners in buildings are supposed to increase in the coming years as per the recent studies around the world.

  • The volatility of raw material prices is assumed to restrain market growth over the outlook period.

Recent Developments

  • In March 2018, Modine opened a new manufacturing facility in Hungary. This facility will manufacture products under the powertrain cooling and engine business division of the company, which will allow the company to cater to the demand for the Microchannel Heat Exchanger market in Hungary.

  • In September 2018, Hanon Systems completed the purchase of fluid pressure & controls the business of Magna International. This object bought will help the company providing the thermal and energy management solutions to automakers in addition; too complement its operation at the current time situation. Power train cooling business segment.

This report includes the segmentation of the Microchannel Heat Exchanger Market until 2025.

Microchannel Heat Exchanger Market - By Type

  • Condenser
  • Evaporator
  • Water Coil

The condenser type segment accounted for the largest share of the market due to the high demand from AC systems in automobiles, residential, and commercial systems. The high demand for the condenser is due to the increment of Heating, ventilation, and air conditioning industry because of its compact design, less refrigerant requirement, and high heat transfer rate. On the other hand, the water coil segment is predicted or estimated to register the highest growth during the calculated period owing to the growing adaptability of the Microchannel Heat Exchanger market in this segment.

Microchannel Heat Exchanger Market - By Application

  • Automotive
  • HVAC
  1. Residential AC
  2. Commercial AC
  3. Precision Cooling
  • Commercial Refrigeration
  1. Stationary Refrigeration
  2. Transport Refrigeration
  3. Cold Storage

The Heating, ventilation, and air conditioning application segment is predicted to register the highest growth rate during the forecast period. It is lighter, efficient, and requires low refrigerant volume as compared to other heat exchangers. In addition, it is made of aluminum, makes it less vulnerable to galvanic corrosion than the traditional round-tube plate fin coils. Microchannel Heat Exchangers are increasingly used in air conditioning systems and heat pumps for effective heat transfer. In the previous years, the call for the Microchannel Heat Exchanger market is inclining in HVAC applications because of the rising need for lightweight systems and copper prices.

Microchannel Heat Exchanger Market – By Region

  • North America

  • APAC

  • Europe

  • Middle East & Africa

  • South America

On the basis of region, the Asia Pacific has the largest populous countries like China and India. China, Japan, South Korea, Indonesia, and India are the major automotive producers in the Asia Pacific. China accounted for the largest share of the APAC market, owing to the presence of huge automotive and heating, ventilation, and air conditioning industries. India is the world’s fastest-growing economy with an estimated annual GDP expansion rate of more than 7.0% during the calculated period. Out of the 5 largest automobile producing countries, 4 countries, namely, China, India, Japan, and South Korea, form the Asia Pacific. These countries experienced high growth in 2018 in overall AC demand. As a result, the overall scenario in the Asia Pacific is favorable for the growth of the Microchannel Heat Exchanger market.

Microchannel Heat Exchanger Market-Competitive in the Market Place:

  • Sanhua is among the key players in the Microchannel Heat Exchanger market. The company legally take the organic growth strategy of expansion. In 2017, the company having been enlarged or extended its production base in Mexico, which is one of the automotive manufacturing hubs in North America and South America. The company is funding more in its Mexico unit to improve manufacturing capacity. The newly formed unit has the capacity to produce 13,000 units per month.
  • Expansion is the key growth strategies to take up by leading market players to enlarge regional presence and meet the growing demand for Microchannel Heat Exchanger market from becoming apparent economies.

Microchannel Heat Exchanger Market-Key Market Player

  1. Sanhua (China),

  2. MAHLE (Germany),

  3. Denso Corporation (Japan),

  4. Modine (US),

  5. Hanon Systems (South Korea),

  6. Kangsheng Group (China),

  7. Kaltra (Deutschland),

  8. Climetal (Spain),

  9. Danfoss (Denmark),

  10. API Heat Transfer (US)

1. Introduction               

              1.1 Market Definition    

              1.2 Scope of the report 

              1.3 Study Assumptions 

              1.4 Base Currency, Base Year and Forecast Periods          

2. Research Methodology                         

              2.1 Analysis Design        

              2.2 Research Phases      

                             2.2.1 Secondary Research

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling

                             2.2.4 Expert Validation

              2.3 Study Timeline         

3. Report Overview                      

              3.1 Executive Summary

              3.2 Key Inferencees       

4. Market Dynamics                     

              4.1 Impact Analysis       

                             4.1.1 Drivers

                             4.1.2 Restaints

                             4.1.3 Opportunities

              4.2 Regulatory Environment      

              4.3 Technology Timeline & Recent Trends           

5. Competitor Benchmarking Analysis                  

              5.1 Key Player Benchmarking    

                             5.1.1 Market share analysis

                             5.1.2 Products/Service

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape     

              5.3 Joint Ventures & Collaborations       

6. Market Segmentation                           

              6.1 Microchannel Heat Exchanger Market, By Type         

                             6.1.1 Condenser

                             6.1.2 Evaporator

                             6.1.3 Water Coil

                             6.1.4 Market Size Estimations & Forecasts (2019-2024)

                             6.1.5 Y-o-Y Growth Rate Analysis

                             6.1.6 Market Attractiveness Index

              6.2 Microchannel Heat Exchanger Market, By Application            

                             6.2.1 Automotive

                             6.2.2 HVAC

                             6.2.3 Commercial Refrigeration

                             6.2.4 Market Size Estimations & Forecasts (2019-2024)

                             6.2.5 Y-o-Y Growth Rate Analysis

                             6.2.6 Market Attractiveness Index

7. Geographical Landscape                       

              7.1 Global Identity Governance and Administration Market, by Region 

              7.2 North America - Market Analysis (2018 - 2024)          

                             7.2.1 By Country

                             7.2.2 By Type

                             7.2.3 By Application

              7.3 Europe        

                             7.3.1 By Country

                             7.3.2 By Type

                             7.3.3 By Application

              7.4 Asia Pacific 

                             7.4.1 By Country

                             7.4.2 By Type

                             7.4.3 By Application

              7.5 Latin America           

                             7.5.1 By Country

                             7.5.2 By Type

                             7.5.3 By Application

              7.6 Middle East and Africa          

                             7.6.1 By Country

                             7.6.2 By Type

                             7.6.3 By Application

8. Key Player Analysis                  

              8.1 API Heat Transfer    

                             8.1.1 Business Description

                             8.1.2 Products/Service

                             8.1.3 Financials

                             8.1.4 SWOT Analysis

                             8.1.5 Recent Developments

                             8.1.6 Analyst Overview

              8.2 Climetal      

              8.3 Danfoss      

              8.4 Denso Corporation 

              8.5 Hanon Systems        

              8.6 Kaltra           

              8.7 Kangsheng Group    

              8.8 MAHLE        

              8.9 Modine       

              8.10 Sanhua     

9. Market Outlook & Investment Opportunities               


              List of Tables    

              List of Figures   

  • Global, regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of type, application and region along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Microchannel Heat Exchanger Market By Region, From 2020-2025 ( USD Billion )

  2. Global Microchannel Heat Exchanger Market By Type, From 2020-2025 ( USD Billion )

  3. Global Condenser Market By Region, From 2020-2025 ( USD Billion )

  4. Global Evaporator Market By Region, From 2020-2025 ( USD Billion )

  5. Global Water Coil Market By Region, From 2020-2025 ( USD Billion )

  6. Global Microchannel Heat Exchanger Market By Application, From 2020-2025 ( USD Billion )

  7. Global Automotive Market By Region, From 2020-2025 ( USD Billion )

  8. Global HVAC Market By Region, From 2020-2025 ( USD Billion )

  9. Global Commercial Refrigeration Market By Region, From 2020-2025 ( USD Billion )

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