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Microchannel Heat Exchanger Market by Type (Condenser, Evaporator, and Water Coil), Application (Automotive, HVAC, Commercial Refrigeration), and Region (North America, Europe, APAC, South America, and Middle East & Africa) - Global Forecast to 2024

  • ID: 4790736
  • Report
  • Region: Global, Africa, Asia Pacific, East Africa, Europe, Middle East, North America, United States
  • 113 Pages
  • Markets and Markets
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The MCHE Market is Projected to Register a CAGR of 13.0% Between 2019 and 2024.

FEATURED COMPANIES

  • API Heat Transfer
  • Climetal
  • Denso Corporation
  • Goldstone Hvacr
  • Kaltra
  • MAHLE
  • MORE

The MCHE market is estimated to be USD 11.3 billion in 2019 and is projected to reach USD 20.7 billion by 2024. This growth is attributed to stringent regulations concerning emissions and energy efficiency regulations, along with the growth of the HVACR and automotive industries and beneficial properties of MCHEs over its substitute products. However, low-cost MCHE supplied by local MCHE manufacturers, especially from APAC, is hampering the market growth. On the other hand, the increasing use of EVs in the automotive industry is expected to leverage new growth opportunities for MCHE manufacturers.

The automotive application segment accounted for the largest market share.

The automotive application dominates the MCHE market and is projected to register a high CAGR during the forecast period. Growing production and demand for automotive, along with the growing demand for electric vehicles, will boost the demand for MCHE in this application. Moreover, MCHE is in high demand for cooling of liquid to increase the efficiency and reduce the size of the radiator in the engine cooling system in the automotive industry. Thus, the demand for MCHE in battery refrigeration and air conditioning in automotive is projected to grow during the forecast period.

APAC is the largest and fastest-growing MCHE market.

APAC is estimated to account for the largest share of the MCHE market, owing to the growing purchasing power of the middle-income group, high demand for air conditioning system in automobiles, and increasing population. China, India, Japan, Indonesia, and South Korea are the countries in the APAC market for MCHE. China accounted for the largest share of the APAC market, owing to the presence of huge automotive and HVAC industries. Moreover, in the overall AC demand, APAC countries registered an annual growth of more than 17.0% year-on-year. This scenario in the region is favorable for the growth of the MCHE market during the forecast period.

Extensive primary interviews were conducted in the process of determining and verifying sizes of several segments and sub-segments of the MCHE market gathered through secondary research.

The breakdown of primary interviews has been given below.

  •  By Company Type: Tier 1 - 55%, Tier 2 - 27%, and Tier 3 - 18%
  •  By Designation: C Level Executives - 36%, Director Level - 18%, Others - 46%
  •  By Region: North America - 18%, Europe - 27%, APAC - 37%, South America - 9%, and Middle East & Africa - 9%

The key companies profiled in this report include Sanhua (China), MAHLE (Germany), Denso Corporation (Japan), Modine (US), Hanon Systems (South Korea), Kangsheng Group (China), Kaltra (Deutschland), Climetal (Spain), Danfoss (Denmark), and API Heat Transfer (US).

Research Coverage

The MCHE market has been segmented based on type, application, and region. This report covers the MCHE market and forecasts its market size until 2024. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the MCHE market. The report also provides insights into the driving and restraining factors in the MCHE market, along with opportunities and challenges across these industries. The report also includes profiles for top manufacturers in the MCHE market.

Reasons to Buy the Report

The report is expected to help market leaders/new entrants in the following ways:

  • This report segments the MCHE market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
  • This report is expected to help stakeholders understand the pulse of the MCHE market and provide information on key market drivers, restraints, challenges, and opportunities influencing the growth of the market.
  • This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the MCHE market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies such as joint venture, new product launch, acquisition, and expansion.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • API Heat Transfer
  • Climetal
  • Denso Corporation
  • Goldstone Hvacr
  • Kaltra
  • MAHLE
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 MCHE Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Limitations
2.5 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the MCHE Market
4.2 MCHE Market, By Type
4.3 MCHE Market, By Application
4.4 APAC MCHE Market, By Application and Country
4.5 MCHE Market, By Key Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Energy Efficiency Regulations and Stringent Emission Standards
5.2.1.2 High Demand for MCHE in the Growing Hvacr Industry
5.2.2 Restraint
5.2.2.1 Production of Low-Cost MCHE in APAC
5.2.3 Opportunities
5.2.3.1 Use of Thermal Management Systems for Evs
5.2.4 Challenges
5.2.4.1 Capital-Intensive Market
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview
6.1 Introduction
6.1.1 Real GDP Growth Rate and Per Capita GDP of Major Economies
6.2 Trends of Automotive Industry
6.3 Trends of Hvacr Industry
6.3.1 Demand for AC Units in North America
6.3.2 Demand for AC Units in Europe
6.3.3 Demand for AC Units in APAC

7 MCHE Market, By Type
7.1 Introduction
7.1.1 Condenser
7.1.1.1 The Condenser Segment Accounted for the Largest Share in the MCHE Market
7.1.2 Evaporator
7.1.2.1 AC Systems Majorly Drive the Demand for MCHE as an Evaporator in HVAC and Refrigeration
7.1.3 Water Coil
7.1.3.1 The Water Coil Segment is Projected to Register the Highest Growth Rate During the Forecast Period

8 MCHE Market, By Application
8.1 Introduction
8.2 Automotive
8.2.1 The Automotive Application Dominates the MCHE Market
8.3 HVAC
8.3.1 Residential AC
8.3.1.1 The High Demand for Energy-Efficient and Reliable Residential AC Systems is Increasing the Demand for MCHE
8.3.2 Commercial AC
8.3.2.1 Limited Energy Resources are Leading to Increase in Demand for Energy-Efficient Commercial AC in Both Developed and Developing Countries
8.3.3 Precision Cooling
8.3.3.1 Increasing Number of Server Rooms and Data Centers is Expected to Have A Positive Impact on the MCHE Market
8.4 Commercial Refrigeration
8.4.1 Stationary Refrigeration
8.4.1.1 Highly Efficient and Good CAPACity Heat Exchangers Along With Compact Design is Boosting the Demand for MCHE in Stationary Refrigeration
8.4.2 Transport Refrigeration
8.4.2.1 The Increasing Food Trade Globally is Driving the MCHE Market
8.4.3 Cold Storage
8.4.3.1 Excellent Properties of MCHE are Driving Its Demand in the Cold Storage Application
8.5 Others

9 MCHE Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 The Automotive Industry in the Country is the Major Consumer of MCHE
9.2.2 Canada
9.2.2.1 Canada’s MCHE Market is Majorly Driven By Its Booming Hvacr Industry
9.2.3 Mexico
9.2.3.1 Increase in Automotive Production Will Have A Positive Impact on the MCHE Market
9.3 APAC
9.3.1 China
9.3.1.1 China Accounted for the Largest Share of the Global MCHE Market
9.3.2 India
9.3.2.1 India is the Fastest-Growing MCHE Market in APAC
9.3.3 Japan
9.3.3.1 Increase in Overall AC Demand Will Have A Positive Impact on the MCHE Market
9.3.4 South Korea
9.3.4.1 The Growth in the Demand for HVAC Systems is Expected to Boost the Market Growth
9.3.5 Indonesia
9.3.5.1 Growth in Automotive Production and AC Demand are the Major Drivers for MCHE Demand
9.3.6 Rest of APAC
9.4 Europe
9.4.1 Germany
9.4.1.1 Germany Accounted for Largest Share of the MCHE Market in Europe
9.4.2 Spain
9.4.2.1 Revival of the Construction Industry is Boosting the Demand for HVAC Systems
9.4.3 France
9.4.3.1 Steady Growth in Automotive Production is Expected to Drive the MCHE Market
9.4.4 Russia
9.4.4.1 Demand for MCHE in Russia is Fueled By Growth in the Automotive Production
9.4.5 UK
9.4.5.1 UK’s Energy Efficiency and Emission Regulations are Fueling the Demand for Efficient HVAC Systems
9.4.6 Italy
9.4.6.1 Italy is Projected to Register the Fastest-Growth in the MCHE Market
9.4.7 Rest of Europe
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.1.1 Growth in Commercial Infrastructures is Likely to Drive the MCHE Market
9.5.2 Rest of the Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.1.1 Brazil is the 7th-Largest Producer of Automobiles Which is Boosting the MCHE Market
9.6.2 Rest of South America

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping, 2018
10.2.1 Terminology/Nomenclature
10.2.1.1 Visionary Leaders
10.2.1.2 Innovators
10.2.1.3 Dynamic Differentiators
10.2.1.4 Emerging Companies
10.2.2 Strength of Product Portfolio
10.2.3 Business Strategy Excellence
10.3 Ranking of Key Players
10.4 Competitive Scenario
10.4.1 Expansion
10.4.2 Joint Venture
10.4.3 Acquisition
10.4.4 New Product Launch

11 Company Profiles
Business Overview, Products Offered, Recent Developments, SWOT Analysis, Author's View
11.1 Sanhua
11.2 Hanon Systems
11.3 MAHLE
11.4 Modine
11.5 Denso Corporation
11.6 API Heat Transfer
11.7 Climetal
11.8 Danfoss
11.9 Kaltra
11.10 Kangsheng Group
Business Overview, Products Offered, Recent Developments, SWOT Analysis, Author's View Might Not Be Captured in Case of Unlisted Companies.
11.11 Other Companies
11.11.1 Calsonic Kansei
11.11.2 Evapco
11.11.3 Goldstone Hvacr
11.11.4 Nortek Global HVAC
11.11.5 Sanden
11.11.6 Tata Toyo Radiator
11.11.7 Thermokey
11.11.8 Zhejiang Dun 'An Artificial Environment

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables (68 Tables)

Table 1 Annual Percent Change of Real GDP Growth Rates From 2016 to 2023
Table 2 Trends and Forecast of GDP Per Capita, By Country, 2016–2020 (USD)
Table 3 Automotive Production, Million Unit (2011–2016)
Table 4 Overall AC Demand in North America, 2015–2017 (Thousand Units)
Table 5 Overall AC Demand in Europe, 2015–2017 (Thousand Units)
Table 6 Overall AC Demand in APAC, 2015–2017 (Thousand Units)
Table 7 MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 8 MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 9 MCHE Market Size, By Region, 2017–2024 (USD Million)
Table 10 North America: MCHE Market Size, By Country, 2017–2024 (USD Million)
Table 11 North America: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 12 North America: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 13 US: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 14 US: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 15 Canada: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 16 Canada: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 17 Mexico: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 18 Mexico: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 19 APAC: MCHE Market Size, By Country, 2017–2024 (USD Million)
Table 20 APAC: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 21 APAC: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 22 China: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 23 China: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 24 India: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 25 India: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 26 Japan: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 27 Japan: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 28 South Korea: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 29 South Korea: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 30 Indonesia: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 31 Indonesia: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 32 Rest of APAC: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 33 Rest of APAC: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 34 Europe: MCHE Market Size, By Country, 2017–2024 (USD Million)
Table 35 Europe: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 36 Europe: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 37 Germany: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 38 Germany: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 39 Spain: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 40 Spain: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 41 France: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 42 France: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 43 Russia: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 44 Russia: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 45 UK: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 46 UK: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 47 Italy: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 48 Italy: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 49 Rest of Europe: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 50 Rest of Europe: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 51 Middle East & Africa: MCHE Market Size, By Country, 2017–2024 (USD Million)
Table 52 Middle East & Africa: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 53 Middle East & Africa: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 54 Saudi Arabia: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 55 Saudi Arabia: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 56 Rest of the Middle East & Africa: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 57 Rest of the Middle East & Africa: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 58 South America: MCHE Market Size, By Country, 2017–2024 (USD Million)
Table 59 South America: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 60 South America: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 61 Brazil: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 62 Brazil: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 63 Rest of South America: MCHE Market Size, By Type, 2017–2024 (USD Million)
Table 64 Rest of South America: MCHE Market Size, By Application, 2017–2024 (USD Million)
Table 65 Expansion, 2015–2018
Table 66 Joint Venture, 2015–2018
Table 67 Acquisition, 2015–2018
Table 68 New Product Launch, 2015–2018

List of Figures (33 Figures)

Figure 1 MCHE Market: Research Design
Figure 2 MCHE Market: Bottom-Up Approach
Figure 3 MCHE Market: Top-Down Approach
Figure 4 MCHE Market: Data Triangulation
Figure 5 Condenser Accounted for the Largest Market Share in 2018
Figure 6 Automotive Application Accounted for the Largest Share of the MCHE Market
Figure 7 APAC to Be the Fastest-Growing MCHE Market
Figure 8 Growth in Demand for AC Systems to Drive the MCHE Market
Figure 9 Condenser to Be the Largest Type Segment of the Market
Figure 10 Automotive to Be the Largest Application of MCHE
Figure 11 Automotive Segment and China Accounted for the Largest Market Share in APAC in 2018
Figure 12 India to Register the Highest CAGR in the MCHE Market
Figure 13 Drivers, Restraints, Opportunities, and Challenges in the MCHE Market
Figure 14 Porter’s Five Forces Analysis: MCHE Market
Figure 15 Condenser Segment to Dominate the MCHE Market
Figure 16 Automotive to Be the Largest Application of MCHE
Figure 17 APAC to Register the Highest CAGR in the MCHE Market Between 2019 and 2024
Figure 18 US is the Key Market for MCHE in North America
Figure 19 China Dominated the MCHE Market in APAC, 2018
Figure 20 Germany Dominates the MCHE Market in Europe, 2018
Figure 21 Companies Adopted Expansion as the Key Growth Strategy Between 2015 and 2018
Figure 22 MCHE Market: Competitive Leadership Mapping, 2018
Figure 23 Market Ranking of Key Players in 2018
Figure 24 Danfoss: Company Snapshot
Figure 25 Sanhua: SWOT Analysis
Figure 26 MAHLE: Company Snapshot
Figure 27 MAHLE: SWOT Analysis
Figure 28 Denso Corporation: Company Snapshot
Figure 29 Denso Corporation: SWOT Analysis
Figure 30 Modine: Company Snapshot
Figure 31 Modine: SWOT Analysis
Figure 32 Hanon Systems: Company Snapshot
Figure 33 Hanon Systems: SWOT Analysis

Note: Product cover images may vary from those shown
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  • API Heat Transfer
  • Calsonic Kansei
  • Climetal
  • Danfoss
  • Denso Corporation
  • Evapco
  • Goldstone Hvacr
  • Hanon Systems
  • Kaltra
  • Kangsheng Group
  • MAHLE
  • Modine
  • Nortek Global HVAC
  • Sanden
  • Sanhua
  • Tata Toyo Radiator
  • Thermokey
  • Zhejiang Dun 'An Artificial Environment
Note: Product cover images may vary from those shown
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