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The market size for microchannel heat exchangers was estimated at USD 2.2 billion in 2022. It is anticipated that the market for microchannel heat exchangers will increase from USD 2.3 billion in 2023 to USD 3.9 billion by 2030, with a compound annual growth rate (CAGR) of 7.80% over the five-year forecast period (2023– 2030). The main factors boosting market growth include rising demand for cooling, heating, ventilation, and refrigeration, as well as stiffer legislation governing emission requirements.
The rising demand from the car industry is driving the microchannel heat exchanger market's CAGR. The air conditioning used by the microchannel heat exchangers is a vital component of automobiles. The coolant fluid's temperature is raised by the heat exchanger by transferring heat from exhaust gas. Furthermore, the ability to effectively transfer heat using compact, lightweight exchangers is helpful for a number of automotive applications, including HVAC systems, air conditioning, and car radiators. The National Automobile Dealers Association (NADA) predicts that sales of light vehicles would increase by 12.7% over the same period in 2020, to around 16.3 million units in the first quarter of 2021. The market for microchannel heat exchangers is being driven by the automobile industry's rising output. Microchannel heat exchangers for the automotive industry also have great heat transferring capability, are lightweight, small, efficient, and are driving considerable market growth and demand.
In a wide range of industrial sectors, including commercial and residential structures, power generation, the automotive industry, and others, microchannel heat exchangers are frequently used in heating, ventilation, air conditioning, and refrigeration systems. Microchannel heat exchangers are driving the market for HVAC systems due to its better advantages such as reduced prices, higher heat transfer rate, compact structure, and efficiency. The need for microchannel heat exchangers is rising as a result of the growing use of heat exchangers in air coolers, condensing systems, and other applications. The International Energy Agency (IEA) estimates that in 2019, space cooling used 8.5% of total energy consumption and released 1 GT of CO2. Additionally, the use of microchannel heat exchangers is being driven by the rising demand for HVAC services for air conditioning in homes, offices, and other sectors, opening up a sizable market opportunity.
The American Chemical Society predicts that the chemical sector will expand by 2.5% in 2019 and 3% in 2020 in the United States. The expansion of the chemical industry in the United States is greatly aided by the expanding domestic end-use industries. Additional capital investments are being made in the chemical business as a result of the expanding demand for chemicals from various end-use applications. In order to cool, heat, and combine chemicals, the chemical manufacturing process requires heat exchangers. The market for heat exchangers is expected to be significantly influenced by the growing growth of the chemical industry.
Heat pumps, chillers, air handling units, fan coil units, and others are included in the type-based segmentation of the microchannel heat exchanger market. The heat pump market segment is anticipated to grow at the highest CAGR and have the largest market share throughout the anticipated time frame. Prior to being distributed into the supply ducts, air from your chamber's return is heated or cooled by a heat pump system. a refrigeration system pump that uses outside air to heat or cool a particular space for activities including pasteurisation, drying, and washing. The pump can lower refrigerant charge by up to 70% while also having a high system efficiency, low noise levels, and low energy usage.
Single phase and double phase are the two segmentations of the Microchannel Heat Exchanger Market based on phase. Single-phase systems are anticipated to have the highest CAGR and the largest market share in 2022. Numerous cooling and heating applications make considerable use of single phase heat exchangers. These include air conditioners, dry coolers, free cooling systems, and others; the most typical medium is typically a solution of water or glycol. Single-phase heat transfer occurs when the liquid fluid in the microtubes moves along the single phase's path.
Report Coverage
Global Microchannel Heat Exchanger research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Microchannel Heat Exchanger report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Microchannel Heat Exchanger competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Microchannel Heat Exchanger market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Microchannel Heat Exchanger market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Microchannel Heat Exchanger market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kaltra (Germany), Welcon Inc. (Japan), Shanghal Shenglin M&E Technology Co., Ltd. (China), Evapco Inc. (US), Climatel SL (Spain), Danfoss (Denmark), Zhejiang DUNAN Artificial Environment co., LTD (China), Sanhua (US), Vacuum Process Engineering (US), Sumitomo Precision Products Co, Ltd (Japan).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Microchannel Heat Exchanger market based on the below-mentioned segments:
Global Microchannel Heat Exchanger Market, By Type
Heat Pump
Chiller
Air Handling Unit
Fan Coil Unit
Others
Global Microchannel Heat Exchanger market, By Phase
Single Phase
Double Phase
Global Microchannel Heat Exchanger Market, By End User
HVACR
Food Processing
Refrigerated Transport
Power
Others
Global Microchannel Heat Exchanger market, Regional Analysis
The rising demand from the car industry is driving the microchannel heat exchanger market's CAGR. The air conditioning used by the microchannel heat exchangers is a vital component of automobiles. The coolant fluid's temperature is raised by the heat exchanger by transferring heat from exhaust gas. Furthermore, the ability to effectively transfer heat using compact, lightweight exchangers is helpful for a number of automotive applications, including HVAC systems, air conditioning, and car radiators. The National Automobile Dealers Association (NADA) predicts that sales of light vehicles would increase by 12.7% over the same period in 2020, to around 16.3 million units in the first quarter of 2021. The market for microchannel heat exchangers is being driven by the automobile industry's rising output. Microchannel heat exchangers for the automotive industry also have great heat transferring capability, are lightweight, small, efficient, and are driving considerable market growth and demand.
In a wide range of industrial sectors, including commercial and residential structures, power generation, the automotive industry, and others, microchannel heat exchangers are frequently used in heating, ventilation, air conditioning, and refrigeration systems. Microchannel heat exchangers are driving the market for HVAC systems due to its better advantages such as reduced prices, higher heat transfer rate, compact structure, and efficiency. The need for microchannel heat exchangers is rising as a result of the growing use of heat exchangers in air coolers, condensing systems, and other applications. The International Energy Agency (IEA) estimates that in 2019, space cooling used 8.5% of total energy consumption and released 1 GT of CO2. Additionally, the use of microchannel heat exchangers is being driven by the rising demand for HVAC services for air conditioning in homes, offices, and other sectors, opening up a sizable market opportunity.
The American Chemical Society predicts that the chemical sector will expand by 2.5% in 2019 and 3% in 2020 in the United States. The expansion of the chemical industry in the United States is greatly aided by the expanding domestic end-use industries. Additional capital investments are being made in the chemical business as a result of the expanding demand for chemicals from various end-use applications. In order to cool, heat, and combine chemicals, the chemical manufacturing process requires heat exchangers. The market for heat exchangers is expected to be significantly influenced by the growing growth of the chemical industry.
Heat pumps, chillers, air handling units, fan coil units, and others are included in the type-based segmentation of the microchannel heat exchanger market. The heat pump market segment is anticipated to grow at the highest CAGR and have the largest market share throughout the anticipated time frame. Prior to being distributed into the supply ducts, air from your chamber's return is heated or cooled by a heat pump system. a refrigeration system pump that uses outside air to heat or cool a particular space for activities including pasteurisation, drying, and washing. The pump can lower refrigerant charge by up to 70% while also having a high system efficiency, low noise levels, and low energy usage.
Single phase and double phase are the two segmentations of the Microchannel Heat Exchanger Market based on phase. Single-phase systems are anticipated to have the highest CAGR and the largest market share in 2022. Numerous cooling and heating applications make considerable use of single phase heat exchangers. These include air conditioners, dry coolers, free cooling systems, and others; the most typical medium is typically a solution of water or glycol. Single-phase heat transfer occurs when the liquid fluid in the microtubes moves along the single phase's path.
Report Coverage
Global Microchannel Heat Exchanger research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Microchannel Heat Exchanger report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Microchannel Heat Exchanger competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Microchannel Heat Exchanger market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Kaltra (Germany), Welcon Inc. (Japan), Shanghal Shenglin M&E Technology Co., Ltd. (China), Evapco Inc. (US), Climatel SL (Spain), Danfoss (Denmark), Zhejiang DUNAN Artificial Environment co., LTD (China), Sanhua (US), Vacuum Process Engineering (US), Sumitomo Precision Products Co, Ltd (Japan). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Microchannel Heat Exchanger Market from 2021 to 2030.
- Market Forecast for Microchannel Heat Exchanger Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Microchannel Heat Exchanger competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Microchannel Heat Exchanger
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Microchannel Heat Exchanger market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Microchannel Heat Exchanger market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kaltra (Germany), Welcon Inc. (Japan), Shanghal Shenglin M&E Technology Co., Ltd. (China), Evapco Inc. (US), Climatel SL (Spain), Danfoss (Denmark), Zhejiang DUNAN Artificial Environment co., LTD (China), Sanhua (US), Vacuum Process Engineering (US), Sumitomo Precision Products Co, Ltd (Japan).
Primary Target Market
- Market Players of Microchannel Heat Exchanger
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Microchannel Heat Exchanger market based on the below-mentioned segments:
Global Microchannel Heat Exchanger Market, By Type
Heat Pump
Chiller
Air Handling Unit
Fan Coil Unit
Others
Global Microchannel Heat Exchanger market, By Phase
Single Phase
Double Phase
Global Microchannel Heat Exchanger Market, By End User
HVACR
Food Processing
Refrigerated Transport
Power
Others
Global Microchannel Heat Exchanger market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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