The market was valued at US$ 7,794.93 million in 2019 and is anticipated to reach US$ 19,630.87 million by 2027; it is expected to grow at a CAGR of 12.4% from 2020 to 2027. This is according to our most recent market study, "Global Microchannel Heat Exchanger Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Type (Condenser, Evaporator, and Water Coil) and Application (HVAC, Commercial Refrigeration, and The study identifies significant market growth drivers and prominent companies, as well as their recent industry developments.

The fluid flows in lateral confinements with dimensions under 1 mm in heat exchangers known as micro heat exchangers or microstructured heat exchangers. A heat exchanger with a hydraulic diameter less than 1 mm is referred to as a microchannel heat exchanger. It can be produced from metal or ceramic. Applications for the microchannel heat exchanger include high performance aircraft gas turbine engines, air conditioning, and heat pumps. Due to its incredibly effective heat transfer rate, cheaper cost, and compact construction, it is being used more and more in the heating, ventilation, air conditioning, and refrigeration area. The microchannel heat exchanger, which is utilised in both home and car air conditioning systems, enhances the process technology.

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Heat exchangers are used in automotive applications to transmit heat from hot exhaust gas to the coolant fluid to raise the temperature of the coolant. Furthermore, a multitude of applications, including automobile radiators, air conditioning, and aerospace applications, depend on the capacity to effectively transfer heat between fluids utilising lightweight, compact heat exchangers. The compactness, lightweight, and high heat transfer capability of microchannel heat exchangers make them ideal for various applications. Due to its effectiveness, affordability, recyclable nature, and light weight, microchannel heat exchanger is a well-established technology that has been utilised extensively in the automobile sector for 20 years. Due to their energy efficiency, microchannel aluminium heat exchangers are employed in the automotive industry. Companies that make heat exchangers are investing in research and development to create models that are energy efficient. The recovery of wasted heat energy via thermoelectric technology is a topic of current research among vendors. The TE waste heat energy recovery technology is still under investigation for use with internal combustion engines in the automotive industry. Additionally, a TEG framework for waste heat recovery systems in automobiles would be implemented.

Among the well-known players in the worldwide microchannel heat exchanger market are API Heat Transfer Inc., Climetal S.L., Danfoss, DENSO Corporation, Hanon Systems, Kaltra, Zhejiang Kangsheng Co. Ltd (Kasun), MAHLE GmbH, Modine Manufacturing Company, and Sanhua Holding Group Co., Ltd.

The report includes the segmentation of the global microchannel heat exchanger market as follows:

Global Microchannel Heat Exchanger Market, by Type

• Condenser
• Evaporator
• Water Coil

Global Microchannel Heat Exchanger Market, by Application

• HVAC
• Commercial Refrigeration
• Others

Global Microchannel Heat Exchanger Market, by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Middle East &Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East &Africa
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of South America

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