Microchannel Heat Exchanger Market
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The MCHE market size is estimated to grow at a CAGR 12.87% during the forecast period. Increased automotive production is the major driving factor for the growth of MCHE in the automotive industry.
The condenser segment is estimated to account for the largest share in the market due to the high demand for AC systems in automobiles, residential, and commercial systems. HVAC industry is estimated to drive the demand for MCHE attributed to its compact design, less refrigerant requirement, and high heat transfer rate. On the other hand, the water coil segment is projected to lead the market with highest growth rate due to increased adaptability of MCHE in this segment.
The HVAC application segment is projected to hold the highest share during the forecast period. It is preferred over other heat exchangers due to its light weight, low refrigerant volume features. In addition, it is made up of aluminium, which makes it less vulnerable to galvanic corrosion than the traditional round-tube plate fin (RTPF) coils. MCHE is widely used in air conditioning systems and heat pumps. Growing demand for lightweight systems and rising copper prices has led to increased demand for MCHE in HVAC applications.
APAC has the major automotive producers in emerging countries like China, Japan, South Korea, Indonesia, and India. China accounted for the largest market share in APAC, owing to the growing automotive and HVAC industries. India is estimated to be the world’s fastest-growing economy with significant GDP rate during the forecast period. All such factors has made the overall scenario in APAC region favorable for the growth of the MCHE market.
Some of the key players in microchannel heat exchanger market are Sanhua (China), MAHLE (Germany), Denso Corporation (Japan), Modine (US), Hanon Systems (South Korea), Kangsheng Group (China), Kaltra (Deutschland), Climetal (Spain), Danfoss (Denmark), and API Heat Transfer (US).
Key Questions Addressed by the Report
- What are the upcoming hot bets for the MCHE market?
- What are the market dynamics for different types of MCHE?
- What are the major applications of MCHE?
- Who are the major manufacturers of MCHE?
- What are the factors driving the MCHE market in each region?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Microchannel Heat Exchanger Market, By Application
6. Microchannel Heat Exchanger Market, By Type
7. Microchannel Heat Exchanger Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
8. Company Profiles
API Heat Transfer
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