Microchannel Heat Exchanger Market Report

Market Insights

Microchannel heat exchanger market is likely to witness an impressive CAGR of 12.0% during the forecast period. The major driver propelling the market for microchannel heat exchanger is the growth in automotive production globally.

Segment Analysis

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Microchannel Heat Exchanger Market Share: By Product Type

Based on the product type, the microchannel heat exchanger market is segmented as condenser, evaporator, and water coil. The condenser segment is expected to capture the largest share of the market owing to the growing demand for air conditions in automobiles and residential sectors.

Microchannel Heat Exchanger Market Share: By Application type

Based on the application type, the market is segmented as automotive, HVAC, commercial refrigeration, and others. The HVAC segment is estimated to be the fastest-growing segment during the forecast period driven by the increasing demand for lightweight systems.

Microchannel Heat Exchanger Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest microchannel heat exchanger market during the forecast period. Large population and large automotive production in countries such as India and China are leading to huge demand for microchannel heat exchanger in this region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Market Scope & Segmentation

Microchannel heat exchangers are used to heat or cool fluids by transferring heat between two or more fluids. They are multi-pass, parallel-flow heat exchangers that comprise three parts namely, manifolds, multi-port tubes with less than 1 mm hydraulic diameter, and fins.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The microchannel heat exchanger market is segmented into the following categories. 

Microchannel Heat Exchanger Market Size, Share, & Forecast, by Product Type:

• Condenser (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Evaporator (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Water Coil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Microchannel Heat Exchanger Market Size, Share, & Forecast, by Application Type:

• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• HVAC
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Residential AC, Commercial AC, and Precision Cooling)
• Commercial Refrigeration
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Stationary Refrigeration, Transport Refrigeration, and Cold Storage)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Microchannel Heat Exchanger Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major microchannel heat exchanger manufacturers are-

• Sanhua
• MAHLE
• Denso
• Modine Manufacturing Company
• Hanon Systems
• Kangsheng
• Kaltra
• Climetal
• Danfoss
• API Heat Transfer.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].