Microchannel Heat Exchanger Market Analysis & Forecast, 2024-2031 | Market Growth Fueled by Demand in EVs, HVAC, and Data Centers

Microchannel Heat Exchanger Market is valued at a significant CAGR during the forecast period (2024-2031). As per DataM Intelligence Database.

According to DataM Intelligence has published a new research report on "Microchannel Heat Exchanger Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

A microchannel heat exchanger is a compact thermal management device that uses multiple parallel micro-scale channels to facilitate highly efficient heat transfer between fluids. Its design enables high surface-area-to-volume ratios, reduced refrigerant charge, improved thermal performance, and lower weight making it ideal for HVAC/R systems, automotive cooling, electronics thermal management, and industrial process cooling.

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➣ Recent Developments:

United States: Recent Industry Developments

✅ In July 2025, HVAC and refrigeration OEMs expanded integration of microchannel evaporators and condensers to improve system efficiency and reduce refrigerant usage in light-commercial and residential systems.

✅ In June 2025, automotive manufacturers increased adoption of microchannel heat exchangers in EV battery thermal management and power electronics cooling applications.

✅ In May 2025, electronics cooling suppliers enhanced high-performance microchannel designs for data center and telecom infrastructure, supporting elevated heat flux demands.

Europe: Recent Industry Developments

✅ In July 2025, European HVAC firms introduced microchannel heat exchangers with enhanced corrosion resistance for coastal and industrial environments.

✅ In June 2025, demand grew for lightweight microchannel units in transport refrigeration and heat pump systems aligned with EU energy efficiency standards.

✅ In May 2025, manufacturers optimized microchannel manufacturing processes to reduce material use and improve recyclability, supporting circular economy goals.

Asia-Pacific: Recent Industry Developments

✅ In July 2025, China's thermal equipment producers scaled microchannel heat exchanger production to support rapid growth in air conditioning and refrigeration markets.

✅ In June 2025, Japanese and South Korean companies advanced compact microchannel solutions for 5G telecom and battery cooling in electric vehicles.

✅ In May 2025, India's HVAC and industrial cooling sectors embraced microchannel technology to improve energy efficiency and reduce operating costs.

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➣ Top Industry Players:

Kaltra GmbH, Sanhua, MAHLE, Denso, Modine Manufacturing Company, Danfoss, Hanon Systems, Kangsheng, Climetal, and API Heat Transfer, among others.

➣ Market Segments:

By Product:
Based on product, the market is segmented into water coils, condensers, and evaporators. Water coils are widely used due to their efficiency in transferring heat between fluids, making them suitable for HVAC and industrial cooling applications. Condensers play a critical role in converting vapor into liquid and are extensively used in power, automotive, and refrigeration systems. Evaporators are essential components in cooling and heat recovery processes, supporting applications that require effective thermal absorption.

By Material:
By material, the market includes aluminum, copper, and other materials. Aluminum is increasingly preferred due to its lightweight nature, corrosion resistance, and cost-effectiveness, especially in automotive and HVAC applications. Copper continues to hold a strong position owing to its superior thermal conductivity and durability, making it ideal for high-performance heat exchangers. Other materials are used for specialized applications where specific thermal or chemical resistance properties are required.

By Application:
Based on application, the market is segmented into battery thermal management, power electronics cooling, heat recovery from liquids or gases, heating and cooling (HVAC and vehicles), ICE and hybrid engine cooling, and others. Battery thermal management is a fast-growing segment, driven by the rapid adoption of electric vehicles and energy storage systems. Power electronics cooling is gaining importance due to rising demand for efficient thermal control in advanced electronics. Traditional HVAC and engine cooling applications continue to generate steady demand, while heat recovery solutions are expanding as industries focus on energy efficiency.

By End-User:
By end user, the market is categorized into chemical, power, food processing, automotive, HVAC, avionics, and others. The automotive and HVAC sectors account for a significant share due to high demand for efficient thermal management solutions. Chemical and power industries rely on these systems for process efficiency and safety, while food processing uses them to maintain temperature control and product quality. Avionics applications require high-performance, reliable thermal systems, contributing to steady market growth.

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Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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