Microchannel Heat Exchanger Market Overview:

Global Microchannel Heat Exchanger Market size is projected to be worth USD 3261.45 million by 2030, registering a CAGR of 6.8% during the forecast period (2022–2030).

MCHEs are multi-pass parallel-flow heat exchangers that comprise three parts, namely, manifolds, multi-port tubes with less than 1 mm hydraulic diameter, and fins. These devices are used to heat or cool fluids by transferring heat between two or more fluids in residential and commercial air conditioning systems and refrigeration equipment. The heat exchangers are highly efficient, with the refrigerant flowing in microchannels. MCHE products have applications in various industries, including automotive, oil & gas, and chemical processing.

The global Microchannel Heat Exchanger market demand is driven by the rise in demand for microchannel heat exchangers (MCHEs) in the manufacturing industry and the rapid growth in the global construction industry. Moreover, technological advancements in MCHEs have fueled market growth. However, volatile raw material prices can restrain the growth of the microchannel heat exchanger market. Furthermore, the shift from HVAC coils to MCHE is expected to form future opportunities for the Microchannel Heat Exchanger market growth.

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COVID-19 has had a massive global influence, affecting practically every person, corporation, and Microchannel Heat Exchanger market. The outbreak wiped out many worldwide supply lines and brought many businesses to face severe financial losses and go bankrupt. Stay-at-home orders generated a surge in demand for remote working platforms, and the tech industry saw some of the most dramatic developments as a result. However, microchannel heat exchanger manufacturers stayed open, thereby offering maintenance services in different ways. Logistics delays and challenges have impacted transport, which caused further disruptions in the supply chain processes. These factors caused the supply chain of MCHE system components to cause delay and, in turn, hampered the adoption to some extent. Additionally, the scarcity of materials used in transmission lines and workers' unavailability created havoc in the Microchannel Heat Exchanger market.

Microchannel Heat Exchanger Market Competitive Landscape

The global Microchannel Heat Exchanger market has witnessed significant growth over the forecast period. There are several domestic, regional, and global players operating in the Microchannel heat exchanger market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the global Microchannel heat exchanger market who have contributed to the Microchannel Heat Exchanger market growth.

Kaltra, Welcon Inc., Shanghai Shenglin M&E Technology Co., Ltd., Evapco Inc., Climatel SL, Danfoss, Zhejiang DUNAN Artificial Environment co., LTD, Sanhua, Vacuum Process Engineering, Sumitomo Precision Products Co., Ltd, and Modine Manufacturing Company are the major players in the Microchannel Heat Exchanger market.

Microchannel Heat Exchanger Market Segmentation Overview:

By Type:

• Heat Pump
• Chiller
• Air Handling Unit
• Fan Coil Unit
• Others

By Phase:

• Single Phase
• Double Phase

By End-User:

• HVACR
• Food Processing
• Refrigerated Transport
• Power
• Others

By Regions:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America