Microchannel Heat Exchanger Market to hit $26.7 billion by
Dallas, Texas, May 25, 2021 (GLOBE NEWSWIRE) – The global microchannel heat exchanger market is estimated to grow at a CAGR of 13.0% over the forecast period from 2021 to 2026. The expansion of the MCHE can be traced to the strict energy of the government use and pollution legislation. The advantages of MCHE over finned and tube heat exchangers have increased its popularity in HVAC and refrigeration systems. MCHE has a number of advantages over alternatives such as plate and fin and fin and tunnel. MCHE has a small footprint and can therefore be used in HVAC systems such as residential air conditioning, indoor displays and vehicle air conditioning where space is limited. MCHE produces 35 percent more portable units that use slightly less refrigerant and save a large amount of energy, as well as 77 percent less hold-up volume, 68 percent lighter and 4 percent more cooling capacity.
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The condenser segment, which makes extensive use of heat transfer systems, is an important driver in the global industry. Condenser demand is mostly driven by HVAC systems, with lightweight architecture being one of the most important considerations in terms of reliability and pollution requirements. MCHE is also used as condensing units in a variety of HVACR systems, including HVAC chillers, process chillers, food and beverage process equipment, data center systems, commercial process equipment, rooftop systems, and airside equipment, thanks to its added benefits.
Geographically, countries such as Japan, the US, India, China, Germany and some others are among the largest buyers of disposable non-woven products. MCHE is gaining popularity in the HVAC industry because it is lighter, more efficient and requires less refrigerant than other heat exchangers. For effective heat transfer between refrigerant and air, MCHE is widely used in air conditioning systems and heat pumps. With the increasing need for lightweight systems and rising copper prices, MCHE has become more common in a variety of HVAC applications in recent years. MCHE is also used in residential and industrial refrigeration applications due to its compact size, lightweight and low hold-up capacity.
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Adroit Market Research Global Microchannel Heat Exchanger Market Report provides a holistic view of the market from 2016 to 2026, including factors such as market drivers, constraints, opportunities and challenges. The market has been studied for historical years from 2016 to 2018, with a base year of estimate 2019 and forecast from 2020 to 2026. The report covers the current status and future characteristics of the market at both a global and national level. In addition, the study also assesses the market based on Porter’s five strengths analysis and positions key players based on their product portfolio, geographic footprint, strategic initiatives and total sales. Prominent players active in the global microchannel heat exchanger market have been studied in detail.
Major players in the global microchannel heat exchanger market are Sanhua (China), MAHLE (Germany), Denso Corporation (Japan), Modine (USA), Hanon Systems (South Korea), Kangsheng Group (China), Kaltra (Germany), Climetal (Spain), Danfoss (Denmark) and API Heat Transfer (US).
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2. Research methodology
3. Market outlook
4. Microchannel Heat Exchanger Market by Type, 2016-2026 (USD Million)
5. Microchannel Heat Exchanger Market by Application, 2016-2026 (USD Million)
6. Microchannel heat exchangers market by region 2016-2026 (USD million)
7. Competitive landscape
8. Company Profiles
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