North America Microchannel Heat Exchanger Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Condenser, Evaporator, and Water Coil); Application (HVAC, Commercial Refrigeration, and Others)

Market Introduction

Micro heat exchanger or microstructured heat exchanger refers to 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 turbines 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 is capable of reducing the equipment weight and enhances the device compact. It improves the process technology and is used in household air conditioning and automotive air conditioning systems.

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Market Overview and Dynamics

The North America microchannel heat exchanger market was valued at US$ 2,263.64 million in 2019 and is projected to reach US$ 5,732.21 million by 2027; it is expected to grow at a CAGR of 12.4% during 2020–2027. Factors driving the market growth include steady growth in automotive production and advantages of using micro channel heat Exchangers in various applications. However, Volatile prices of raw material and high cost associated with microchannel heat exchangers are likely to have a negative impact on the market growth.

Effect of covid-19 on North America Microchannel Heat Exchanger Market

The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the chemicals and materials industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. The US has the highest number of confirmed cases of the COVID-19 morbidity among all North American countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.

Key Market Segments

The condenser microchannel heat exchanger segment accounted for a larger share of the North America microchannel heat exchanger market, by type, in 2019. The others microchannel heat exchanger segment accounted for a larger share of the North America microchannel heat exchanger market, by application, in 2019.

Major Sources and Companies Listed

A few of the major primary and secondary sources referred to while preparing this report on the North America 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.

Reasons to buy the report

To understand the North America microchannel heat exchanger market landscape and identify market segments that are most likely to guarantee a strong return
To stay ahead by comprehending the ever-changing competitive landscape for the microchannel heat exchanger market
To efficiently plan M&A and partnership deals in the microchannel heat exchanger market by identifying market segments with most promising probable sales
To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the microchannel heat exchanger market
To obtain market revenue forecast for market by various segments from 2018 to 2027

North America Microchannel Heat Exchanger Market Segmentation

By Type

Condenser
Evaporator
Water Coil

By Application

HVAC
Commercial Refrigeration
Others

Company Profiles

By Country

US
Canada
Mexico

1. Introduction. 11

1.1 Study Scope. 11

1.2 The Insight Partners Research Report Guidance. 11

1.3 Market Segmentation. 12

2. Key Takeaways. 14

3. Research Methodology. 18

3.1 Scope of the Study. 18

3.2 Research Methodology. 18

3.2.1 Data Collection: 18

3.2.2 Primary Interviews: 18

3.2.3 Hypothesis formulation: 19

3.2.4 Macro-economic factor analysis: 19

3.2.5 Developing base number: 20

3.2.6 Data Triangulation: 20

3.2.7 Country level data: 20

4. Microchannel Heat Exchanger Market Landscape. 21

4.1 Market Overview.. 21

4.2 PEST Analysis. 21

4.2.1 North America. 21

4.3 Expert Opinion. 23

5. Microchannel Heat Exchanger Market – Key Market Dynamics. 24

5.1 Market Drivers. 24

5.1.1 Steady Growth in Automotive Production. 24

5.1.2 Advantages of using Micro Channel Heat Exchangers in various applications. 24

5.2 Market Restraints. 25

5.2.1 Volatile Prices of Raw Material and high cost associated with microchannel heat exchangers. 25

5.3 Market Opportunities. 25

5.3.1 Use of Thermal Management Systems for EVs. 25

5.4 Future Trends. 25

5.4.1 High Demand for MCHE in the growing HVAC Industry. 25

5.5 Impact Analysis of Drivers and Restraints. 26

6. Microchannel Heat Exchanger – North America Market Analysis. 27

6.1 Microchannel heat exchanger market Overview.. 27

6.2 North America Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million) 27

6.3 Market Positioning of Key Players. 28

7. North America Microchannel Heat Exchanger Market Analysis – By Type. 29

7.1 Overview.. 29

7.2 Overview.. 29

7.3 Microchannel Heat Exchanger Market, By Type (2019 and 2027) 29

7.4 Condenser 29

7.4.1 Overview.. 29

7.4.2 Condenser: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 30

7.5 Evaporator 30

7.5.1 Overview.. 30

7.5.2 Evaporator: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 30

7.6 Water Coil 31

7.6.1 Overview.. 31

7.6.2 Water Coil: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 31

8. Microchannel Heat Exchanger Market Analysis – By Application. 33

8.1 Overview.. 33

8.2 Microchannel Heat Exchanger Market, By Application (2019 and 2027) 33

8.3 HVAC. 33

8.3.1 Overview.. 33

8.3.2 HVAC: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 34

8.4 Commercial Refrigeration. 34

8.4.1 Overview.. 34

8.4.2 Commercial Refrigeration: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 34

8.5 Others. 35

8.5.1 Overview.. 35

8.5.2 Others: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 35

9. Microchannel Heat Exchanger Market – Country Analysis. 37

9.1 Overview.. 37

9.1.1 North America: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 37

9.1.2 North America: Microchannel Heat Exchanger Market, by Key Country. 38

9.1.3 North America: Microchannel Heat Exchanger Market, by Application. 38

9.1.4 North America: Microchannel Heat Exchanger Market, by Key Country. 39

9.1.4.1 US: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million) 40

9.1.4.1.1 US: Microchannel Heat Exchanger Market, by Type. 40

9.1.4.1.2 US: Microchannel Heat Exchanger Market, by Application. 41

9.1.4.2 Canada: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million) 42

9.1.4.2.1 Canada: Microchannel Heat Exchanger Market, by Type. 42

9.1.4.2.2 Canada: Microchannel Heat Exchanger Market, by Application. 43

9.1.4.3 Mexico: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million) 44

9.1.4.3.1 Mexico: Microchannel Heat Exchanger Market, by Type. 44

9.1.4.3.2 Mexico: Microchannel Heat Exchanger Market, by Application. 45

10. Overview- Impact of COVID-19 of North America Microchannel Heat Exchanger Market 46

10.1 Overview.. 46

10.2 North America: Impact Assessment of COVID-19 Pandemic. 46

11. Industry Landscape. 48

11.1 Strategy and Business Planning. 48

11.2 Mergers and Acquisitions. 48

12. Company Profiles. 49

12.1 API HEAT TRANSFER. 49

12.1.1 Key Facts. 49

12.1.2 Business Description. 49

12.1.3 Products and Services. 49

12.1.4 Financial Overview.. 49

12.1.5 SWOT Analysis. 50

12.2 CLIMETAL S.L. 51

12.2.1 Key Facts. 51

12.2.2 Business Description. 51

12.2.3 Products and Services. 51

12.2.4 Financial Overview.. 51

12.2.5 SWOT Analysis. 52

12.3 DANFOSS. 53

12.3.1 Key Facts. 53

12.3.2 Business Description. 53

12.3.3 Products and Services. 53

12.3.4 Financial Overview.. 54

12.3.5 SWOT Analysis. 54

12.4 DENSO CORPORATION.. 55

12.4.1 Key Facts. 55

12.4.2 Business Description. 55

12.4.3 Products and Services. 55

12.4.4 Financial Overview.. 55

12.4.5 SWOT Analysis. 56

12.5 HANON SYSTEM.. 57

12.5.1 Key Facts. 57

12.5.2 Business Description. 57

12.5.3 Products and Services. 57

12.5.4 Key Developments. 58

12.5.5 Financial Overview.. 58

12.5.6 SWOT Analysis. 58

12.6 KALTRA. 59

12.6.1 Key Facts. 59

12.6.2 Business Description. 59

12.6.3 Products and Services. 59

12.6.4 Financial Overview.. 60

12.6.5 SWOT Analysis. 60

12.7 ZHEJIANG KANGSHENG CO. LTD (KASUN) 61

12.7.1 Key Facts. 61

12.7.2 Business Description. 61

12.7.3 Products and Services. 61

12.7.4 Financial Overview.. 62

12.7.5 SWOT Analysis. 62

12.8 MAHLE GMBH.. 63

12.8.1 Key Facts. 63

12.8.2 Business Description. 63

12.8.3 Products and Services. 63

12.8.4 Key Developments. 64

12.8.5 Financial Overview.. 64

12.8.6 SWOT Analysis. 64

12.9 MODINE MANUFACTURING COMPANY. 65

12.9.1 Key Facts. 65

12.9.2 Business Description. 65

12.9.3 Products and Services. 65

12.9.4 Financial Overview.. 65

12.9.5 SWOT Analysis. 66

12.10 SANHUA HOLDING GROUP. 67

12.10.1 Key Facts. 67

12.10.2 Business Description. 67

12.10.3 Products and Services. 67

12.10.4 Key Developments. 67

12.10.5 Financial Overview.. 67

12.10.6 SWOT Analysis. 68

13. Appendix. 69

13.1 About The Insight Partners. 69

13.2 Glossary of Terms. 69

LIST OF TABLES

Table 1. North America Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million) 27

Table 2. North America Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million) 38

Table 3. North America Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million) 39

Table 4. US Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million) 40

Table 5. US Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million) 41

Table 6. Canada Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million) 42

Table 7. Canada Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million) 43

Table 8. Mexico Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million) 44

Table 9. Mexico Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million) 45

Table 10. Glossary of Terms, Microchannel Heat Exchanger Market 69

LIST OF FIGURES

Figure 1. North America Microchannel Heat Exchanger Market Segmentation. 12

Figure 2. North America Microchannel Heat Exchanger Market Segmentation – By Country. 13

Figure 3. North America Microchannel Heat Exchanger Market Overview.. 14

Figure 4. Condenser Segment Held Largest Share of North America Microchannel Heat Exchanger Market 15

Figure 5. United States Held Largest Share of North America Microchannel Heat Exchanger Market 16

Figure 6. North America Microchannel Heat Exchanger Market, Industry Landscape. 17

Figure 7. North America PEST Analysis. 21

Figure 8. Expert Opinion. 23

Figure 9. Microchannel Heat Exchanger Market Impact Analysis of Driver and Restraints. 26

Figure 10. North America: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 27

Figure 11. Market Positioning of Key Player In Microchannel Heat Exchanger Market 28

Figure 12. Microchannel Heat Exchanger Market Revenue Share, By Type (2019 and 2027) 29

Figure 13. Condenser: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million) 30

Figure 14. Evaporator: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million) 31

Figure 15. Water Coil: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million) 31

Figure 16. Microchannel Heat Exchanger Market Revenue Share, By Application (2019 and 2027) 33

Figure 17. HVAC: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million) 34

Figure 18. Commercial Refrigeration: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million) 34

Figure 19. Others: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million) 35

Figure 20. North America: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million) 37

Figure 21. North America: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027) 38

Figure 22. North America: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027) 38

Figure 23. North America: Microchannel Heat Exchanger Market Revenue Share, by Key Country (2019 and 2027) 39

Figure 24. US: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million) 40

Figure 25. Canada: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million) 42

Figure 26. Mexico: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million) 44

Figure 27. Impact of COVID-19 Pandemic in North American Country Markets. 46

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 North America 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.

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