Microchannel Heat Exchanger Market worth $20.7 billion by 2024 | Key players Sanhua, MAHLE, Denso Corp, Modine, Hanon Systems
Browse 68 market data Tables and 33 Figures spread through 112 Pages and in-depth TOC on "Microchannel Heat Exchanger Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/microchannel-heat-exchanger-market-32760657.html
MCHE has several advantages over its substitutes such as plate & fin and fin & tube. MCHE has a compact design and hence can be incorporated in HVAC systems, such as residential AC, indoor display, and automobile AC, where space is a major constraint. MCHE is making 35% more compact units that require significantly less refrigerant and save considerable energy, along with 77% lower hold-up volume, being 68% lightweight, and providing 4% more cooling capacity as compared to fin & tube heat exchangers.
The condenser segment dominated the MCHE market, with a share of more than 90.0% in 2018. Its high utilization in heat transfer systems is majorly driving its demand. The demand for condenser is majorly driven by HVAC systems where the compact design is one of the crucial factors amongst efficiency and emission standards. With the added advantages of MCHE, it is now being used as condensing units in various HVACR systems such as HVAC chillers, process chillers, food & beverage process equipment, data center systems, industrial process equipment, rooftop systems, and airside equipment.
For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=32760657
The MCHE market size is estimated at USD 11.3 billion in 2019 and is projected to reach USD 20.7 billion by 2024, at a CAGR of 13.0% between 2019 and 2024. MCHE is majorly used as condensers in HVAC, commercial refrigeration, and automotive applications for air conditioning. MCHE is efficient, require less refrigerant charge volume, and has better heat transfer rate as compared to its substitute products, namely, fin & tube and plate & fin heat exchangers.
The key players in the MCHE 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). The MCHE market report analyzes the key growth strategies, such as expansion, acquisition, joint venture, and new product launch, adopted by the leading market players, between 2015 and 2018.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32760657
Sanhua is among the key players in the MCHE market. The company adopted the organic growth strategy of expansion. In 2017, the company expanded its production base in Mexico, which is one of the automotive manufacturing hubs in North America and South America. This expansion will allow the company to cater to the demand and expand its footprints in these regions. In 2015, the company invested in a facility in Mexico to increase its manufacturing capacities of MCHE. The newly formed manufacturing unit will have capacity of 13,000 units per month.
MAHLE is one of the leading manufacturers of MCHE for automotive applications. The company adopted the organic strategy of acquisition to grow in the market. In 2015, it acquired Delphi Thermal (US), a manufacturer of thermal management systems. This acquisition will expand and add air conditioning, heat exchangers, and powertrain cooling product portfolio to its thermal management business segment.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Press Release: https://www.marketsandmarkets.com/PressReleases/microchannel-heat-exchanger.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/microchannel-heat-exchanger-market.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Microchannel Heat Exchanger Market worth $20.7 billion by 2024 | Key players Sanhua, MAHLE, Denso Corp, Modine, Hanon Systems here
News-ID: 2528678 • Views: 377
More Releases from MarketsandMarkets
Artificial Intelligence: The Key To The Future Of Healthcare Market?
Artificial intelligence (AI) is one of the most important technologies for the future of healthcare. It has the potential to improve patient care, reduce costs, and increase efficiency. AI has already been used to improve diagnostic accuracy in medical images, diagnose heart disease, and recommend treatments for patients with cancer.AI in healthcare market is projected to grow from USD 6.9 billion in 2021 to USD 67.4 billion by 2027, it
Everything You Need To Know About A Crystal Oscillator Market
A crystal oscillator is a component used in electronic circuits to produce periodic waves of electricity. They are also used in navigation systems, timekeeping devices, and frequency meters. A crystal oscillator marketconsists of a crystal of quartz, silicon, germanium, or other material that has been cut into small slices and then stacked on top of one another. The crystal oscillator's size is projected to reach USD 3.1 billion by 2025
In Vitro Fertilization Market - Industry Share Analysis, Key Players and Future …
The Research Report on "In Vitro Fertilization /IVF Market by Product (Micromanipulators, Incubators, Cabinets, Imaging System, Laser System, Reagents & Accessories), Type (Conventional IVF, IVF with ICSI), End User (Fertility Clinics, Hospitals, Cryobanks) - Global Forecast to 2026", the global in vitro fertilization market is projected to reach USD 987 million by 2026 from USD 638 million in 2021, at a CAGR of 9.1% from 2021 to 2026. The key
Zinc Chemicals Market | Key players operating in the market include Boliden, Pur …
The report "Zinc Chemicals Market by Type (Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride), Application (Rubber Compounding, Agriculture, Glass & Ceramics, Paint & Coatings, Chemicals, Food & Pharmaceuticals, Textiles), and Region - Global Forecast to 2022", The market is driven by the increased demand for zinc chemicals from various applications, such as rubber compounding, glass & ceramics, and pharmaceuticals. The global zinc chemicals market is estimated at USD 7.98
More Releases for MCHE
Microchannel Heat Exchanger Market Size, Industry Trends, Share, Analysis, Growt …
The MCHE market size is estimated at $11.3 billion in 2019 and is expected to reach $20.7 billion by 2025 with a CAGR of 12.8%. The growth of global automotive production is a major driving force for MCHE in the automotive industry. MCHE is primarily used as a condenser in automotive applications for HVAC, commercial refrigeration and air conditioning. MCHE is efficient, has a low refrigerant charge and has a better