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Asia Pacific Microchannel Heat Exchanger Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type; Application

  • ID: 5231503
  • Report
  • November 2020
  • Region: Asia Pacific
  • 74 pages
  • The Insight Partners
UP TO OFF
until Jun 30th 2021
1 of 3

FEATURED COMPANIES

  • API Heat Transfer Inc.
  • Climetal S.L
  • Danfoss
  • DENSO Corporation
  • Hanon Systems
  • Kaltra
  • MORE
According to the latest study on “Asia Pacific Microchannel Heat Exchanger Market Forecast to 2027 - COVID-19 Impact and Analysis - by Type (Condenser, Evaporator, and Water Coil) and Application (HVAC, Commercial Refrigeration, and Others), and Country, the Asia Pacific microchannel heat exchanger market was valued at US$ 2,768.55 million in 2019 and is projected to reach US$ 7,145.64 million by 2027; it is expected to grow at a CAGR of 12.7% during 2020-2027. The report provides understanding on the key driving factors pertaining to the market growth and highlights the prominent players in the market, along with their developments.

Microchannel heat exchangers have applications in various important and diverse fields, including aerospace; bioengineering; gas turbine blade cooling, power and process industries, refrigeration and air conditioning; infrared detectors, and efficient laser mirrors and superconductors; microelectronics; and film deposition thermal control. The advantages of microchannel heat exchangers include high volumetric heat flux, compactness for space-critical applications, robust design, efficient flow distribution, and moderate pressure drops. The transportation and chemical manufacturing industries have been using MCHEs for decades. Micro-channel heat exchangers are used by both residential and industrial heat pump air conditioning systems. The efficiency of the heat pump system with microchannel heat exchangers is compared to that of the basic heat pump system using tube and fin heat exchangers. It is demonstrated that by using microchannel heat exchangers, the system capacity can increase by 4 percent for the residential heat pump air-conditioning system, and the system efficiency can increase by 1-2 percent, keeping the face area of the heat exchangers the same. The heat exchanger weight can be reduced by 44 percent, and the refrigerant charge can be reduced by 51 percent.

Micro heat exchangers or microstructured heat exchangers are heat exchangers in which the fluid flows in lateral confinements with dimensions below 1 mm. A microchannel heat exchanger is a heat exchanger with a hydraulic diameter below 1 mm. It can be made using ceramic or metal. The microchannel heat exchanger is used in applications such as heat pumps, air conditioning, and high performance aircraft gas turbine engines. It is increasingly applied in the heating, ventilation, air conditioning, and refrigeration field owing to its highly efficient heat transfer rate, lower cost, and a compact structure. The microchannel heat exchanger improves the process technology and is used in household air conditioning and automotive air conditioning systems.

APAC continent comprises several developing economies such as China, India, Japan, Australia, South Korea, among others. These emerging countries are experiencing a growth in the industrial sector due to the presence of cheap labor. The swift in the middle-class population, along with growth in urbanization and rise in the disposable income available in the hands of the people, leads to the rise in demand for both commercial & residential HVAC systems. Microchannel heat exchangers have entered the HVAC industry. The microchannel heat exchangers market improves efficiency and cost savings for the owners, occupants and managers of microchannel heat exchangers. This has amplified the demand in Asia Pacific region. The region is also experiencing a growth in the number of manufacturing units equipped with modern HVAC systems, which will lead to the growth in the demand for microchannel hear exchangers market. Microchannel heat exchanger reduce the cost of equipments that benefits from the smaller heat exchanger size, use of smaller fans and reduced refrigerant charges and in the number of parts used in construction. All these factors supports the market for microchannel heat exchangers in the Asia Pacific region. The growing automotive industry especially in countries like South Korea, China and Japan favors the demand for microchannel heat exchangers. An upsurge in the demand for vehicles and electronics fuels the market growth. The application of microchannel heat exchangers in chemical processing supports the growth of microchannel heat exchangers in Asia Pacific.

The COVID-19 outbreak first began in Wuhan, China, in December 2019, and since then, it has spread at a fast pace worldwide. As of October 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the major industries suffering facing serious disruptions such as office and factory shutdown and supply chain breaks, as a result of this outbreak. China and India has the highest number of confirmed cases of COVID-19 morbidities in Asia Pacific. The majority of the manufacturing plants were shut down during the lockdown, and the construction industry was at a halt, which has negatively impacted the microchannel heat exchanger market. In China, manufacturing units deemed nonessential were shut down, and the essential projects are subject to public health guidelines. The slowdown in the sales of microchannel heat exchanger in Asia Pacificn region will surely affect the overall growth of the microchannel heat exchanger market.

Some of the major key players operating in the Asia Pacific microchannel heat exchanger market include 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. among many others.

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

By Type
  • Condenser
  • Evaporator
  • Water Coil
By Application
  • HVAC
  • Commercial Refrigeration
  • Others
By Country
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Microchannel Heat Exchanger Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • API Heat Transfer Inc.
  • Climetal S.L
  • Danfoss
  • DENSO Corporation
  • Hanon Systems
  • Kaltra
  • MORE
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:

4. Microchannel Heat Exchanger Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Expert Opinion

5. Microchannel Heat Exchanger Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Steady Growth in Automotive Production
5.1.2 Advantages of using Micro Channel Heat Exchangers in various applications
5.2 Market Restraints
5.2.1 Volatile Prices of Raw Material and high cost associated with microchannel heat exchangers
5.3 Market Opportunities
5.3.1 Use of Thermal Management Systems for EVs
5.4 Future Trends
5.4.1 High Demand for MCHE in the growing HVAC Industry
5.5 Impact Analysis of Drivers and Restraints

6. Microchannel Heat Exchanger - Asia Pacific Market Analysis
6.1 Microchannel heat exchanger market Overview
6.2 Asia Pacific Microchannel Heat Exchanger Market -Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning of Key Players

7. Asia Pacific Microchannel Heat Exchanger Market Analysis - by Type
7.1 Overview
7.2 Overview
7.3 Microchannel Heat Exchanger Market, by Type (2019 and 2027)
7.4 Condenser
7.4.1 Overview
7.4.2 Condenser: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Evaporator
7.5.1 Overview
7.5.2 Evaporator: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
7.6 Water Coil
7.6.1 Overview
7.6.2 Water Coil: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)

8. Microchannel Heat Exchanger Market Analysis - by Application
8.1 Overview
8.2 Microchannel Heat Exchanger Market, by Application (2019 and 2027)
8.3 HVAC
8.3.1 Overview
8.3.2 HVAC: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Commercial Refrigeration
8.4.1 Overview
8.4.2 Commercial Refrigeration: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)

9. Microchannel Heat Exchanger Market - Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2 APAC: Microchannel Heat Exchanger Market, by Type
9.1.3 APAC: Microchannel Heat Exchanger Market, by Application
9.1.4 APAC: Microchannel Heat Exchanger Market, by Key Country
9.1.4.1 Australia: Microchannel Heat Exchanger Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.1.1 Australia: Microchannel Heat Exchanger Market, by Type
9.1.4.1.2 Australia: Microchannel Heat Exchanger Market, by Application
9.1.4.2 China: Microchannel Heat Exchanger Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.2.1 China: Microchannel Heat Exchanger Market, by Type
9.1.4.2.2 China: Microchannel Heat Exchanger Market, by Application
9.1.4.3 India: Microchannel Heat Exchanger Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.3.1 India: Microchannel Heat Exchanger Market, by Type
9.1.4.3.2 India: Microchannel Heat Exchanger Market, by Application
9.1.4.4 Japan: Microchannel Heat Exchanger Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.4.1 Japan: Microchannel Heat Exchanger Market, by Type
9.1.4.4.2 Japan: Microchannel Heat Exchanger Market, by Application
9.1.4.5 South Korea: Microchannel Heat Exchanger Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.5.1 South Korea: Microchannel Heat Exchanger Market, by Type
9.1.4.5.2 South Korea: Microchannel Heat Exchanger Market, by Application
9.1.4.6 Rest of APAC: Microchannel Heat Exchanger Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.6.1 Rest of APAC: Microchannel Heat Exchanger Market, by Type
9.1.4.6.2 Rest of APAC: Microchannel Heat Exchanger Market, by Application

10. Overview- Impact of COVID-19 of Asia Pacific Microchannel Heat Exchanger Market
10.1 Overview
10.2 Asia Pacific: Impact Assessment of COVID-19 Pandemic

11. Company Profiles
11.1 API HEAT TRANSFER
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 CLIMETAL S. L.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 DANFOSS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 DENSO CORPORATION
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 HANON SYSTEM
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Key Developments
11.5.5 Financial Overview
11.5.6 SWOT Analysis
11.6 KALTRA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 ZHEJIANG KANGSHENG CO. LTD (KASUN)
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 MAHLE GMBH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Key Developments
11.8.5 Financial Overview
11.8.6 SWOT Analysis
11.9 MODINE MANUFACTURING COMPANY
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.10 SANHUA HOLDING GROUP
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Key Developments
11.10.5 Financial Overview
11.10.6 SWOT Analysis

12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms

List of Tables
Table 1. Asia Pacific Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Table 2. APAC Microchannel Heat Exchanger Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 3. APAC Microchannel Heat Exchanger Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 4. Glossary of Terms, Microchannel Heat Exchanger Market

List of Figures
Figure 1. Asia Pacific Microchannel Heat Exchanger Market Segmentation
Figure 2. Asia Pacific Microchannel Heat Exchanger Market Segmentation - by Country
Figure 3. Asia Pacific Microchannel Heat Exchanger Market Overview
Figure 4. Condenser Segment Held Largest Share of Asia Pacific Microchannel Heat Exchanger Market
Figure 5. China Held Largest Share of Asia Pacific Microchannel Heat Exchanger Market
Figure 6. Asia Pacific Microchannel Heat Exchanger Market, Industry Landscape
Figure 7. Asia Pacific PEST Analysis
Figure 8. Expert Opinion
Figure 9. Microchannel Heat Exchanger Market Impact Analysis of Driver and Restraints
Figure 10. Asia Pacific: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Figure 11. Market Positioning of Key Player in Microchannel Heat Exchanger Market
Figure 12. APAC: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)
Figure 13. Condenser: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Figure 14. Evaporator: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Figure 15. Water Coil: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Figure 16. APAC: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)
Figure 17. HVAC: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Figure 18. Commercial Refrigeration: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Figure 19. Others: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Figure 20. APAC: Microchannel Heat Exchanger Market - Revenue and Forecast to 2027 (US$ Million)
Figure 21. APAC: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)
Figure 22. APAC: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)
Figure 23. APAC: Microchannel Heat Exchanger Market Revenue Share, by Key Country (2019 and 2027)
Figure 24. Australia: Microchannel Heat Exchanger Market-Revenue and Forecast to 2027 (US$ Million)
Figure 25. China: Microchannel Heat Exchanger Market-Revenue and Forecast to 2027 (US$ Million)
Figure 26. India: Microchannel Heat Exchanger Market-Revenue and Forecast to 2027 (US$ Million)
Figure 27. Japan: Microchannel Heat Exchanger Market-Revenue and Forecast to 2027 (US$ Million)
Figure 28. South Korea: Microchannel Heat Exchanger Market-Revenue and Forecast to 2027 (US$ Million)
Figure 29. Rest of APAC: Microchannel Heat Exchanger Market-Revenue and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Note: Product cover images may vary from those shown
3 of 3
  • API Heat Transfer Inc.
  • Climetal S.L
  • Danfoss
  • DENSO Corporation
  • Hanon Systems
  • Kaltra
  • Zhejiang Kangsheng Co. Ltd (Kasun)
  • MAHLE GmbH
  • Modine Manufacturing Company
  • Sanhua Holding Group Co., Ltd
Note: Product cover images may vary from those shown
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