Microchannel Heat Exchanger Market witness a CAGR of 12.4%, Rising demand from the automobile industry

Exactitude Consultancy Market Research analyses that Global Microchannel Heat Exchanger Market growing at a CAGR of 12.4%, and it is expected to reach USD 20.85 billion by 2029, over the forecast period 2023-2029.

Micro heat exchangers, also known as micro-scale heat exchangers or microstructure heat exchangers, are heat exchangers in which (at least one) fluid flows in lateral confinements with typical dimensions of less than one millimeter. Microchannels, which have a hydraulic diameter of less than one millimeter, are the most common type of such confinement.

Microchannel heat exchangers offer a wide range of applications in many manufacturing industries such as airplanes, vehicles, chemical plants, refined petroleum facilities, and power and process industries. Due to their superior characteristics such as decreased prices, higher heat transferring rate, compact construction, and efficiency, microchannel heat exchangers are pushing the market for HVAC systems. Manufacturing sector development is predicted to continue over the projection period, owing to an increase in worldwide demand for produced products.

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**Note: Version 2023 has been updated.

What does this report offer?

Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.

Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-over-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.

Recent market developments and projected growth prospects, geographical reports that can be tailored to demand
Market Trends

✦ Rising demand from the automobile industry drives market growth.

Market CAGR for microchannel heat exchanger is being driven by the increasing demand from the automobile industry. The microchannel heat exchangers use air conditioning, which is a crucial necessity for vehicles. The heat exchanger is also used to transfer heat from exhaust gas to coolant fluid and raise the temperature of the coolant. Furthermore, the ability to efficiently transfer heat utilising lightweight and small exchangers is advantageous for a variety of automotive applications such as air conditioning, vehicle radiators, HVAC systems, and others.

According to the National Automobile Dealers Association (NADA), light vehicle sales are expected to reach roughly 16.3 million units in the first quarter of 2021, representing a 12.7% rise over the same period in 2020. With increased output, the automobile industry is pushing the microchannel heat exchangers market. Furthermore, the lightweight, compactness, efficiency, and excellent heat transferring performance of microchannel heat exchangers for automotive are driving significant market expansion and demand.

Prominent Key players of the Grid-Scale Battery Market survey report:

Historical data available in the report elaborates on the development of the Grid-Scale Battery on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are- Sanhua, MAHLE, Denso, Modine Manufacturing Company, Hanon Systems, Zhejiang Kangsheng Co. Ltd., Kaltra, Cimetal S.L, Danfoss, API Heat Transfer, and Norsk Hydro

Market Insights

Microchannel Heat exchanger (MCHE), also known as micro heat exchanger, has applications in several important and diverse field such as automotive, bioengineering, cooling of gas turbine blades, power and process industries, refrigeration and air conditioning, and others. It provides superior advantages, which include high volumetric heat flux, compactness for space-critical applications, effective flow distribution, and robust design. Microchannel Heat exchanger has at least one fluid flow passage with typical dimensions between 1 μm and 1 mm and has great potential in process intensification of various industrial areas. The compact geometry and robust design augment the heat transfer level on both the liquid and air sides with balanced resistance between two sides. In recent year's major progress has been made in the microchannel heat exchanger by the aerospace, chemical reactor, and cryogenic industries. The technological advancement and rise uptake for compact equipment set to be profitable for the market prospects.

Recent Developments:

February 06, 2023: Sanhua launches Braze Plate Heat Exchaners-BPHE with carbon neutralization the goal which is the top priority of most companies to increase the use of renewable energy and technologies to save energy and reduce emissions. The most direct and effective wat to other heat exchangers of the same purpose, properly designed BPHEs can drop provide higher heat transfer efficiency and lower pressure drops.

January 17, 2023: MAHLE produces green energy in Spain. A new photovoltaic system supplies 3,000-megawatt hours (MWh) of green energy per year to the MAHLE plant in Montblanc, Spain. The system is the fifth of its kind Group-Wide and also the most powerful with a 2,000-kilowatt peak, with a reduction of around 700 metric tons of CO2 per year, it is a lighthouse project in MAHLE's reduction plan. MAHLE wants to achieve climate-neutral production in all its plants by 2040.

What precisely is market segmentation?

Microchannel Heat Exchanger Market by Type, 2020-2029, (USD Billion) (Thousand Units)

Condenser

Evaporator

Water Coil

Microchannel Heat Exchanger Market by Application, 2020-2029, (USD Billion) (Thousand Units)

Automotive

Hvac

Commercial Refrigeration

Others

Microchannel Heat Exchanger Market by End User, 2020-2029, (USD Billion) (Thousand Units)

Automotive Industry

Chemical Processing Industry

Electronics

Power Industry

Aerospace

Others

Microchannel Heat Exchanger Keyword Analysis by Regions - Global Version

-North America (the United States, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, the Netherlands, Italy, the Nordic countries, Spain, Switzerland, and the remainder of Europe)

- Asia-Pacific (including China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, and the remaining countries, among others)

- the Middle East and Africa (Saudi Arabia, UAE, Israel, Egypt, Turkey, Nigeria, South Africa, and the rest of the MEA)

This report contains detailed quantitative assessments of the Microchannel Heat Exchanger market as well as recommendations for building strategies to assist market success and growth.

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Table of Content:

1 Study Reporting
1.1 Microchannel Heat Exchanger Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Microchannel Heat Exchanger Market Size Growth Rate by Type
1.5 Market by Application

2 Executive Instantaneous
2.1 Global Microchannel Heat Exchanger Market Size
2.1.1 Global Microchannel Heat Exchanger Revenue
2.1.2 Global Microchannel Heat Exchanger Production
2.2 Microchannel Heat Exchanger Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Microchannel Heat Exchanger Manufacturers
2.3.2.1 Microchannel Heat Exchanger Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers «Keyword» Product Offered

2.3.2.3 Date of Manufacturers Enter into Microchannel Heat Exchanger Market
2.4 Key Trends for Microchannel Heat Exchanger Markets & Products

3 Market Size by Manufacturers
3.1 Microchannel Heat Exchanger Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans

4 Microchannel Heat Exchanger Production by Regions

4.1 Global Microchannel Heat Exchanger Production by Regions
4.1.1 Global Microchannel Heat Exchanger Production Market Share by Regions
4.1.2 Global Microchannel Heat Exchanger Revenue Market Share by Regions
4.2 United States
4.2.1 United States Microchannel Heat Exchanger Production
4.2.2 United States Microchannel Heat Exchanger Revenue
4.2.3 Key Players in United States
4.2.4 United States Microchannel Heat Exchanger Import & Export
4.3 Europe
4.3.1 Europe Microchannel Heat Exchanger Production
4.3.2 Europe Microchannel Heat Exchanger Revenue
5 Microchannel Heat Exchanger Consumption by Regions
5.1 Global Microchannel Heat Exchanger Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country

6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Microchannel Heat Exchanger Breakdown Dada by Application
7.2.1 Global Microchannel Heat Exchanger Consumption by Application

7.2.2 Global Microchannel Heat Exchanger Consumption Market Share by Application

8 Manufacturers Profiles
9 Production Forecasts
9.1 Microchannel Heat Exchanger Production and Revenue Forecast
9.1.1 Global Microchannel Heat Exchanger Production Forecast
9.1.2 Global Microchannel Heat Exchanger Revenue Forecast
9.2 Microchannel Heat Exchanger Production and Revenue Forecast by Regions
9.2.1 Global Microchannel Heat Exchanger Revenue Forecast by Regions
9.2.2 Global Microchannel Heat Exchanger Production Forecast by Regions
9.3 Microchannel Heat Exchanger Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Microchannel Heat Exchanger Production Forecast by Type
9.4.2 Global Microchannel Heat Exchanger Revenue Forecast by Type

10 Consumption Forecast
10.1 Microchannel Heat Exchanger Consumption Forecast by Application
10.2 Microchannel Heat Exchanger Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Microchannel Heat Exchanger Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Microchannel Heat Exchanger Consumption Forecast by Regions 2018-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Microchannel Heat Exchanger Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Microchannel Heat Exchanger Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Microchannel Heat Exchanger Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Microchannel Heat Exchanger Sales Channels
11.2.2 Microchannel Heat Exchanger Distributors
11.3 Microchannel Heat Exchanger Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators

13 Key Findings in the Global Microchannel Heat Exchanger Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

Continue….

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The study of the effects of the Russia-Ukraine War and COVID-19 on Microchannel Heat Exchanger industry will be added to the final report.

The market for Microchannel Heat Exchanger has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previous and current performance of top organizations is provided. To ensure accurate and thorough information about the Microchannel Heat Exchanger Market, a range of approaches and analysis are utilized in the study.

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