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Report Overview
The global microchannel heat exchanger market size is expected to achieve USD 56.81 billion by 2034, growing at a CAGR of 13.2% between 2025 and 2034. The microchannel heat exchanger market is being driven by the growing automotive industry due to an increase in automotive manufacturing, globally.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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The Asia Pacific is the leading regional market in the industry. India and China, especially, account for a significant proportion of the industry in the Asia Pacific region. The microchannel heat exchanger industry in the two countries is being driven by their robust automotive industry. The rapidly growing economies of the countries are also aiding the industry growth. The industry is also expected to see a healthy growth in Japan and South Korea driven by the rising production of automobiles in these countries.
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Segmentation
The microchannel heat exchanger industry can be divided on the basis of segments like type and application. The industry can be broadly categorised into different segments:
Market Breakup by Type
- Condenser
- Evaporator
- Water Coil
Market Breakup by Application
- Automotive
- HVAC
- Residential AC
- Commercial AC
- Precision Cooling
- Commercial Refrigeration
- Stationary Refrigeration
- Transport Refrigeration
- Cold Storage
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Market Analysis
The microchannel heat exchanger industry is being driven by the rising energy efficiency regulations and stringent emission standards across the globe. The industry is also finding impetus for its growth in the increasing demand for lightweight electronic appliances. The high demand for the product in the growing HVAC industry is also driving the industry. HVAC is expected to be the leading application sector for microchannel heat exchanger. The product is finding rising use in HVAC products like air conditioners and in heat pumps in refrigerators. Water coil and condenser types of the product are projected to witness a robust growth in the coming years.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global microchannel heat exchanger market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Sanhua (Hangzhou) Micro Channel Heat Exchanger Co., Ltd
- EVAPCO, Inc.
- MAHLE GmbH
- Modine Manufacturing Company
- Goldstone HVACR Inc.
- ThermoKey S.p.A.
- Kaltra Innovativtechnik GmbH
- API Heat Transfer Inc.
- Climetal S.L.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global microchannel heat exchanger market is projected to grow at a CAGR of nearly 13.2% in the forecast period of 2025-2034.
The market is estimated to reach a value of about USD 56.81 billion by 2034.
The major drivers of the industry include the rising disposable incomes, increasing population, rising automotive industry, and the rising demand for lightweight electronic appliances.
The rising energy efficiency regulations and stringent emission standards are expected to be the key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
The leading types of microchannel heat exchanger in the market are condenser, evaporator, and water coil.
The significant application segments in the market are automotive, HVAC, and commercial refrigeration, among others.
The leading players in the market are Sanhua (Hangzhou) Micro Channel Heat Exchanger Co., Ltd , EVAPCO, Inc., MAHLE GmbH, Modine Manufacturing Company, Goldstone HVACR Inc., ThermoKey S.p.A. , Kaltra Innovativtechnik GmbH, API Heat Transfer Inc. , Climetal S.L., Others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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