Market Overview:
The global micro-channel heat exchanger market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and compact heat exchangers. Additionally, the growing demand for miniaturized devices across different applications is also contributing to the growth of this market. Based on type, the global micro-channel heat exchanger market can be segmented into condenser, evaporator, and water coil segments. The condenser segment is expected to hold a major share of this market during the forecast period owing to its high efficiency and compact size. Based on application, the global micro-channel heat exchanger market can be divided into industrial refrigeration, car air conditioner, household air conditioner, and other segments.
Product Definition:
A micro-channel heat exchanger is a device used to transfer thermal energy between two fluids. The importance of micro-channel heat exchangers is that they can achieve much higher efficiencies than traditional heat exchangers. This is because the smaller size of the channels allows for more intimate contact between the fluids, and therefore more efficient heat transfer.
Condenser:
The condenser is a device used to decrease the temperature of a fluid. The heat exchangers are used in various industries such as chemical, petrochemical, power generation and HVAC. In micro-channel heat exchanger market, Condenser plays an important role in controlling the flow rate and maintaining optimum operating temperature of the system. Micro-channel heat exchangers are widely utilized for industrial applications owing to their low space requirement & cost effectiveness compared to conventional plate & frame type units.
Evaporator:
An evaporator is a heat exchanger which is used to remove water from a liquid. It works on the principle of Conduction, Convection and Radiation. In this process steam or vapor is produced which can be directed by using valves to different parts of the plant for doing various processes like feed water heating, cooling down products and producing dry air etc.
Application Insights:
The industrial refrigeration segment dominated the global micro-channel heat exchanger market in terms of revenue share in 2017. The growth can be attributed to the rising demand for industrial chillers and other cooling equipment from various end-use industries such as food & beverage, chemical, petrochemical, pharmaceutical among others. In addition, factors such as increasing production of consumer goods along with rapid urbanization are expected to drive industry expansion over the forecast period.
The household air conditioning segment is anticipated to witness significant growth over the forecast period owing to rapidly rising disposable income among consumers across developing countries including China India and Brazil who are increasingly spending on high technology products including air conditioners which has resulted in growing demand for HVHEs worldwide. Furthermore, government initiatives promoting energy efficient products coupled with technological advancements have resulted in increased adoption of miniaturized HVHES that operate at lower costs compared to their larger counterparts thereby fueling industry expansion during future years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. The increasing population has led to an increase in food demand, which has resulted in increased production and processing activities across various industries such as pharmaceuticals, food & beverage, automotive, etc., thereby driving the overall industry growth.
The growing automobile industry coupled with stringent government regulations regarding vehicular emissions is anticipated to drive product demand across Europe during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for micro-channel heat exchangers is expected to grow at a CAGR of more than 9% from 2016 to 2020. This growth can be attributed to the increasing demand for energy-efficient devices across different industries.
- Rising awareness about the benefits of using micro-channel heat exchangers: Micro-channel heat exchangers offer several advantages over traditional counterparts, such as higher thermal efficiency and reduced pressure drop. As a result, there is rising awareness about the benefits of using these devices among consumers and businesses alike.
- Technological advancements in micro-channel heat exchanger design and manufacturing: The technological advancements in micro-channel heat exchanger design and manufacturing are helping manufacturers create smaller, lighter, and more efficient products that can be used in a variety of applications. This is driving the growth of the global market for micro-channel heat exchangers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro-channel Heat Exchanger Market Research Report
By Type
Condenser, Evaporator, Water Coil
By Application
Industrial Refrigeration, Car Air Conditioner, Household Air Conditioner, Other
By Companies
Danfoss, Kaltra Innovativtechnik, Sanhua, BOLARUS SA, Climetal, Kangsheng Group, API Heat Transfer, Denso Corporation, Modine, MAHLE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Micro-channel Heat Exchanger Market Report Segments:
The global Micro-channel Heat Exchanger market is segmented on the basis of:
Types
Condenser, Evaporator, Water Coil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Refrigeration, Car Air Conditioner, Household Air Conditioner, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danfoss
- Kaltra Innovativtechnik
- Sanhua
- BOLARUS SA
- Climetal
- Kangsheng Group
- API Heat Transfer
- Denso Corporation
- Modine
- MAHLE
Highlights of The Micro-channel Heat Exchanger Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Condenser
- Evaporator
- Water Coil
- By Application:
- Industrial Refrigeration
- Car Air Conditioner
- Household Air Conditioner
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro-channel Heat Exchanger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A micro-channel heat exchanger is a type of heat exchanger that uses small channels to transfer thermal energy between two fluids. This type of heat exchanger is often used in electronic equipment, automotive engines, and other industrial applications.
Some of the key players operating in the micro-channel heat exchanger market are Danfoss, Kaltra Innovativtechnik, Sanhua, BOLARUS SA, Climetal, Kangsheng Group, API Heat Transfer, Denso Corporation, Modine, MAHLE.
The micro-channel heat exchanger market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro-channel Heat Exchanger Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Micro-channel Heat Exchanger Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Micro-channel Heat Exchanger Market - Supply Chain
4.5. Global Micro-channel Heat Exchanger Market Forecast
4.5.1. Micro-channel Heat Exchanger Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro-channel Heat Exchanger Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro-channel Heat Exchanger Market Absolute $ Opportunity
5. Global Micro-channel Heat Exchanger Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Micro-channel Heat Exchanger Market Size and Volume Forecast by Type
5.3.1. Condenser
5.3.2. Evaporator
5.3.3. Water Coil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro-channel Heat Exchanger Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Micro-channel Heat Exchanger Market Size and Volume Forecast by Application
6.3.1. Industrial Refrigeration
6.3.2. Car Air Conditioner
6.3.3. Household Air Conditioner
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Micro-channel Heat Exchanger Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Micro-channel Heat Exchanger Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Micro-channel Heat Exchanger Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Micro-channel Heat Exchanger Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Micro-channel Heat Exchanger Demand Share Forecast, 2019-2026
9. North America Micro-channel Heat Exchanger Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Micro-channel Heat Exchanger Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Micro-channel Heat Exchanger Market Size and Volume Forecast by Application
9.4.1. Industrial Refrigeration
9.4.2. Car Air Conditioner
9.4.3. Household Air Conditioner
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Micro-channel Heat Exchanger Market Size and Volume Forecast by Type
9.7.1. Condenser
9.7.2. Evaporator
9.7.3. Water Coil
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Micro-channel Heat Exchanger Demand Share Forecast, 2019-2026
10. Latin America Micro-channel Heat Exchanger Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Micro-channel Heat Exchanger Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Micro-channel Heat Exchanger Market Size and Volume Forecast by Application
10.4.1. Industrial Refrigeration
10.4.2. Car Air Conditioner
10.4.3. Household Air Conditioner
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Micro-channel Heat Exchanger Market Size and Volume Forecast by Type
10.7.1. Condenser
10.7.2. Evaporator
10.7.3. Water Coil
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Micro-channel Heat Exchanger Demand Share Forecast, 2019-2026
11. Europe Micro-channel Heat Exchanger Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Micro-channel Heat Exchanger Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Micro-channel Heat Exchanger Market Size and Volume Forecast by Application
11.4.1. Industrial Refrigeration
11.4.2. Car Air Conditioner
11.4.3. Household Air Conditioner
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Micro-channel Heat Exchanger Market Size and Volume Forecast by Type
11.7.1. Condenser
11.7.2. Evaporator
11.7.3. Water Coil
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Micro-channel Heat Exchanger Demand Share, 2019-2026
12. Asia Pacific Micro-channel Heat Exchanger Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Micro-channel Heat Exchanger Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Micro-channel Heat Exchanger Market Size and Volume Forecast by Application
12.4.1. Industrial Refrigeration
12.4.2. Car Air Conditioner
12.4.3. Household Air Conditioner
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Micro-channel Heat Exchanger Market Size and Volume Forecast by Type
12.7.1. Condenser
12.7.2. Evaporator
12.7.3. Water Coil
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Micro-channel Heat Exchanger Demand Share, 2019-2026
13. Middle East & Africa Micro-channel Heat Exchanger Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Micro-channel Heat Exchanger Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Micro-channel Heat Exchanger Market Size and Volume Forecast by Application
13.4.1. Industrial Refrigeration
13.4.2. Car Air Conditioner
13.4.3. Household Air Conditioner
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Micro-channel Heat Exchanger Market Size and Volume Forecast by Type
13.7.1. Condenser
13.7.2. Evaporator
13.7.3. Water Coil
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Micro-channel Heat Exchanger Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Micro-channel Heat Exchanger Market: Market Share Analysis
14.2. Micro-channel Heat Exchanger Distributors and Customers
14.3. Micro-channel Heat Exchanger Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Danfoss
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kaltra Innovativtechnik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sanhua
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BOLARUS SA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Climetal
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kangsheng Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. API Heat Transfer
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Denso Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Modine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MAHLE
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook