As per the recently published report by Market sand Markets™, The “Microchannel Heat Exchanger Market by Material Type (Metal Based, Ceramic Based), Components (Condenser, Evaporator, Water Coil), Fluid-Mechanism (Single Coil, Dual Coil, Multi Coil), Type, End- Use Industry, and Region – Global Forecast to 2028″, size is projected to reach USD 26.3 billion by 2028 from USD 16.1 billion in 2023, at a CAGR of 10.4% during the forecast period. The market growth is driven by energy efficient regulations and stringent emission standards, high demand for microchannel heat exchangers in the growing HVACR industry, and expansion of data centers driving the need for effective thermal management solutions. However, expensive manufacturing of microchannel heat exchangers, and concerns related to durability and reliability of microchannel heat exchangers restrain the market.
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- 314 Market data Tables
- 52 Figures
- 284 Pages and in-depth TOC on “Microchannel Heat Exchanger Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
Some of the established players in the microchannel heat exchanger market include Sanhua (Spain), Modine Manufacturing Company (U.S.), Danfoss (Denmark), Hydro (Norway), Kaltra (Germany), and others. These players have adopted various strategies such as mergers & acquisitions, joint ventures, and expansion to strengthen their market position.
Recent Developments in Microchannel Heat Exchanger Market Industry
- In June 2020, Sanhua introduced its new OPTIFlow microchannel heat exchanger. It’s designed with a special feature that makes it 13% better at transferring heat. This makes it a great choice for commercial use.
- In August 2023, Modine, a prominent player in the HVAC sector, partnered with TMS Johnson to support educational administrators and facility supervisors in delivering optimal indoor air quality solutions. Together, they offer a comprehensive selection of HVAC products tailored specifically for schools.
- In December 2021, Kaltra has expanded its production capacity in response to a significant increase in microchannel heat exchanger (MCHE) sales. Additional machinery, including core builders, fin mills, ultrasonic cleaning machines, extruders, and test equipment, has been invested in to boost production capacity by 20%.
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Sanhua – Sanhua is a multinational corporation that specializes in the manufacturing and distribution of a wide range of components and solutions for the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industries. The company offers Microchannel Heat Exchangers for HVAC, refrigeration, and automotive applications. The company manufactures 230 million units annually and holds leading positions in the HVAC & Refrigeration, Micro-Channel, Home Appliance, and Automotive applications sectors. Sanhua has a global presence through 9 primary production bases and over 20 factories dispersed across various locations.
Modine Manufacturing Company – Modine Manufacturing Company is a global leader in the thermal management and heat transfer solutions industry. Modine specializes in a wide range of products and solutions related to thermal management, heat transfer, and HVAC systems. Their offerings include radiators, oil coolers, charge air coolers, exhaust gas recirculation (EGR) coolers, air conditioning systems, and other heat exchangers. The company’s operations are divided into two distinct segments, namely Climate Solutions and Performance Technologies. The company offers microchannel heat exchangers through its climate solutions segment.
The company is present in key geographic regions to support customers, facilitate development and testing, and manage various administrative functions, covering four continents, including North America, South America, Europe, and Asia. The company operates 37 manufacturing facilities across 14 countries.
Danfoss – Danfoss, headquartered in Nordborg, Denmark, is a global leader in innovative engineering solutions across key industries. Operating in HVAC, refrigeration, industrial automation, and power solutions, Danfoss offers a comprehensive range of products and services. The company operates through three business segments: power solutions, climate solutions, and power electronics & drives. The company offers microchannel heat exchangers through the climate solutions business segment.
Danfoss has a strong global presence with operations and manufacturing facilities in numerous countries. The company, with its products sold in over 100 countries, maintains a global presence through 97 factories situated in more than 20 countries.
Hydro – Hydro is a leading aluminium company producing primary aluminium, rolled products, extrusions, and casthouse products. The company is one of the leading aluminum extrusion-based companies in the world. The company has structured its operations into distinct business segments, namely, Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, Hydro Energy, and Others. The company offers microchannel heat exchangers through its hydro extrusions business segment. The primary metal production facilities of Hydro are located in the regions of Europe, Canada, Australia, Brazil, and Qatar. The extrusion activities of the company are mainly located in Europe and North America.
Hydro operates across a global footprint, boasting a widespread presence in over 140 locations spanning 40 countries. The company maintains a vast network of more than 30,000 suppliers and serves a diverse client of over 30,000 customers worldwide. Hydro has operations in approximately 40 countries on all continents.
Kaltra – Kaltra is a European-based company that designs and manufactures innovative cooling and air conditioning products. It was founded to address the growing demand for energy-efficient and environmentally friendly cooling solutions. Kaltra focuses on providing high-efficiency cooling solutions for applications in data centers, industrial facilities, and commercial buildings. Their products include precision air conditioning units, chillers, and cooling systems designed to meet the specific needs of their customers. Kaltra annually delivers more than 4,000 units to its global clients, with successful system implementations in 65 countries. Over 1,000 customers rely on Kaltra’s equipment for their cooling and air conditioning needs, reflecting the company’s strong presence and trust in its solutions.
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