Microchannel Heat Exchanger Market

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

Report Code: CH 7169 Dec, 2023, by marketsandmarkets.com

Updated on : April 15, 2024

Microchannel Heat Exchanger Market

The global microchannel heat exchanger market was valued at USD 16.1 billion in 2023 and is projected to reach USD 26.3 billion by 2028, growing at 10.4% cagr from 2023 to 2028. Microchannel heat exchangers are compact devices that utilize multiple small channels to facilitate heat exchange between fluids. Typically made of materials, such as metal or ceramic, they optimize thermal efficiency, reduce size, and enhance performance in various applications such as HVAC, automotive, and industrial processes, making them crucial for efficient heat transfer in a compact and lightweight design.

Opportunities in the Microchannel Heat Exchanger Market

Microchannel Heat Exchanger Market

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Microchannel Heat Exchanger Market

Recession impact on Microchannel Heat Exchanger Market

During a recession, the microchannel heat exchanger market may experience a range of impacts. Reduced industrial activities and capital expenditure could lead to a decline in demand from sectors like manufacturing and construction, affecting overall market growth. Industries may postpone or scale back projects, impacting the purchase of heat exchange equipment. Additionally, disruptions in the supply chain and financial constraints may hinder production and investment in innovative technologies. However, the market might see some resilience in sectors like HVAC, where the need for energy-efficient solutions persists. Cost-conscious approaches may drive the adoption of microchannel heat exchangers for their compact design and enhanced efficiency, providing opportunities for market recovery as economic conditions improve. Adaptability to changing Market Dynamics

and cost-effectiveness will be crucial for companies navigating the challenges posed by a recession.

Microchannel Heat Exchanger Market Dynamics

Driver: Energy efficient regulations and stringent emission standards

Governments and environmental regulatory bodies globally are increasingly prioritizing sustainability and seeking avenues to mitigate the impact of industrial processes on the environment. In response to this imperative, the microchannel heat exchanger market is witnessing a shift, driven by a compelling need for energy-efficient solutions that simultaneously adhere to rigorous emission standards. The rising awareness of climate change and the commitment to reduce carbon footprints have propelled the implementation of stringent regulations aimed at curbing energy wastage and minimizing harmful emissions. Microchannel heat exchangers, with their compact designs and enhanced heat transfer capabilities, have emerged as a key technology to address these challenges. These heat exchangers facilitate more efficient heat exchange processes, optimizing energy utilization across various applications. The efficient and cost-effective CO2 mitigation options offered by energy efficiency align seamlessly with the principal goals of the Net Zero Emissions by 2050 (NZE) Scenario. In the context of global energy intensity, which experiences an impressive average annual decline of around 4% in the NZE Scenario, compared to the 1.7% observed over the past decade, the emphasis on cleaner and more efficient technologies becomes increasingly pronounced. States play a pivotal role in advancing energy efficiency through the active updating and expansion of Energy Efficiency Resource Standards (EERS), thereby establishing long-term efficiency goals for utilities. According to the US Department of Energy, 50.0% of the energy is utilized for operating residential and commercial infrastructure, and most of the energy is used by HVACR systems and appliances in the US. Systems such as chillers, heat pumps, and other similar HVAC systems can achieve energy efficiency up to 4.0% by using MCHE. MCHE requires 30.0% less refrigerant than traditional fin & tube heat exchangers.

Manufacturers in the microchannel heat exchanger market are compelled to innovate and engineer solutions that not only meet but exceed the prescribed energy efficiency benchmarks and emission thresholds. This push towards eco-friendly technologies has fostered a climate of innovation, driving research and development initiatives within the industry. Companies are investing in the creation of advanced microchannel heat exchanger designs that not only enhance performance but also contribute significantly to sustainability goals. The market response to these regulatory imperatives has been a proliferation of progressive microchannel heat exchanger technologies, designed to offer superior thermal performance while ensuring compliance with stringent emission standards. As a result, the industry is experiencing a paradigmatic shift towards cleaner, greener, and more energy-efficient solutions, positioning microchannel heat exchangers as a cornerstone in the global pursuit of sustainable industrial practices.

Restrain: Expensive manufacturing of microchannel heat exchangers

The adoption of microchannel heat exchangers, despite their significant thermal advantages, encounters a formidable restraint rooted in their expensive manufacturing processes. These heat exchangers, characterized by intricate designs and small channel networks, require specialized manufacturing techniques, advanced machinery, and skilled labor, contributing to elevated production costs. The complexity of the manufacturing process poses a challenge, limiting their integration in applications where cost-effectiveness is a crucial factor. The cost constraint is particularly pronounced in industries such as residential HVAC, where minimizing upfront expenses is a priority. The intricate nature of microchannel structures demands precision and attention to detail, making the manufacturing process inherently more expensive than that of conventional alternatives. In sectors with slim profit margins or stringent budget considerations, the higher costs associated with microchannel heat exchangers can act as a deterrent, impeding their widespread adoption. Moreover, the          use of specialized materials, such as corrosion-resistant alloys, adds to the overall expenses. These materials are necessary to ensure the durability of microchannel heat exchangers, especially in corrosive environments. The challenge extends beyond the manufacturing phase, influencing the entire lifecycle of microchannel heat exchangers. Maintenance and repair costs are also elevated due to the complex design, necessitating specialized expertise.

Opportunity: Integrating microchannel heat exchangers in renewable energy systems

The integration of microchannel heat exchangers into solar thermal systems presents a promising avenue for enhancing the efficiency of heat transfer processes, ultimately advancing the harnessing and utilization of solar energy. In the context of renewable energy, solar thermal applications stand out as a key frontier where microchannel heat exchangers can play a pivotal role. Solar thermal systems rely on the efficient conversion of sunlight into heat, which is subsequently utilized for various applications such as electricity generation, heating, or desalination. The success of these systems hinges on the ability to capture and transfer solar heat with maximum efficiency, and this is precisely where microchannel heat exchangers come into play as a compelling opportunity.

Microchannel heat exchangers excel in optimizing heat transfer due to their intricate design, characterized by a network of small channels that facilitate rapid and controlled thermal exchange. In solar thermal applications, this design can significantly enhance the absorption and transfer of solar energy, thereby maximizing the overall efficiency of the system. The compact nature of microchannel heat exchangers also aligns with the space considerations often associated with solar installations, offering a solution that is both efficient and adaptable to various system configurations. Efficient heat transfer is crucial in solar thermal systems, where the goal is to capture and utilize solar radiation effectively. By integrating microchannel heat exchangers into these systems, manufacturers and researchers have the opportunity to elevate the performance of solar technologies, making them more competitive and viable alternatives to conventional energy sources.

Challenge: High pressure drops due to smaller flow passages in microchannel heat exchangers

Pressure drop poses a significant challenge in the microchannel heat exchanger market due to the inherent design characteristics of smaller flow passages. Microchannel heat exchangers, known for their compact structure and enhanced heat transfer capabilities, often experience higher pressure drops compared to conventional counterparts. The reduced size of channels, while advantageous for efficient heat exchange, can lead to increased fluid friction, necessitating higher pumping power to maintain desired flow rates. This challenge becomes pronounced in applications where energy efficiency is vital, as the elevated pressure drops can compromise overall system efficiency. The need for additional pumping power not only escalates operational costs but may also limit the applicability of microchannel heat exchangers in scenarios where power consumption is a critical consideration. Effectively managing pressure drop emerges as a crucial undertaking for stakeholders in the microchannel heat exchanger market. Balancing the benefits of compact design with the challenges of increased pressure drops requires innovative engineering solutions to optimize performance and broaden the range of applications, ensuring that microchannel heat exchangers remain competitive in diverse industries where energy efficiency is a pivotal concern.

Microchannel Heat Exchanger
Market Ecosystem

Microchannel Heat Exchanger Market Ecosystem

Ceramic based segment is the second-fastest growing type in the microchannel heat exchanger market during the forecast period.

The ceramic based segment is the second-fastest growing in the microchannel heat exchanger market due to the unique properties of ceramics, including high thermal resistance and corrosion resistance. These attributes make ceramic microchannel heat exchangers suitable for demanding applications where durability and resistance to extreme conditions are essential, driving their increased adoption and contributing to their rapid growth in the market.

The condensers segment is the second fastest growing component in the microchannel heat exchanger market during the forecast period.

The condensers segment experiences the second fastest growth in the microchannel heat exchanger market due to their pivotal role in various applications, especially in HVAC and refrigeration systems. The demand for efficient cooling solutions drives the adoption of microchannel condensers, which offer a compact design, enhanced heat transfer efficiency, and improved overall performance. As industries prioritize energy efficiency and sustainability, the versatility and effectiveness of microchannel condensers contribute to their accelerated growth, securing their position as the second fastest-growing segment in the dynamic landscape of the microchannel heat exchanger market.

The single coils segment is the second-fastest growing fluid-mechanism type in the microchannel heat exchanger market during the forecast period.

The single coils segment is the second fastest-growing fluid-mechanism type in the microchannel heat exchanger market due to its simplicity, cost-effectiveness, and efficiency. Single coil designs streamline fluid flow, providing effective heat transfer. Their uncomplicated configuration reduces manufacturing complexities and enhances reliability. As industries seek straightforward and efficient solutions, the versatility of single coil fluid mechanisms makes them well-suited for various applications.

Commercial refrigeration is the second-fastest growing end-use industry in the microchannel heat exchanger market during the forecast period.

The commercial refrigeration industry is the second fastest-growing end-use industry in the microchannel heat exchanger market due to escalating demand for efficient cooling solutions. Microchannel heat exchangers offer compact designs and improved heat transfer efficiency, meeting the specific requirements of commercial refrigeration systems. As businesses focus on energy-efficient and space-saving technologies, the adoption of microchannel heat exchangers in commercial refrigeration applications expands rapidly. Their ability to enhance overall system performance while addressing sustainability concerns positions microchannel heat exchangers as a key technology in the commercial refrigeration industry, contributing to their significant growth.

Asia Pacific is the fastest growing in the microchannel heat exchanger market, in terms of value.

Asia Pacific stands as the fastest-growing region in the microchannel heat exchanger market due to rapid industrialization, infrastructural development, and increasing adoption of advanced technologies. The region's expanding automotive and HVAC sectors, coupled with government initiatives promoting energy efficiency, drive the demand for microchannel heat exchangers. As manufacturing and construction activities surge, the need for compact and efficient thermal management solutions rises.

Microchannel Heat Exchanger Market by Region

Source: Secondary Research, Primary Interviews, and MarketsandMarkets Analysis

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Microchannel Heat Exchanger Market Players

Sanhua (Spain), Modine Manufacturing Company (U.S.), Danfoss (Denmark), Hydro (Norway), and Kaltra (Germany). These players have established a strong foothold in the market by adopting strategies, such expansions, joint ventures, and mergers & acquisitions.

Read More: Microchannel Heat Exchanger Companies

Microchannel Heat Exchanger Market Report Scope

Report Metric

Details

Years considered for the study

2020–2028

Base year considered

 2022

Forecast period

2023–2028

Units considered

Volume (Million Units) and Value (USD Million/Billion)

Segments

By Material Type, Component, Fluid-mechanism, Type, End-use Industry, and Region

Regions

North America, Asia Pacific, Europe, Middle East & Africa, and South America

Companies

Sanhua (Spain), Modine Manufacturing Company (U.S.), Danfoss (Denmark), Hydro (Norway), and Kaltra (Germany).
26 major players covered.

This research report categorizes the microchannel heat exchanger market based on material type, type, component, fluid-mechanism, end-use industry, and region.

Microchannel Heat Exchanger Market by Material Type:
  • Metal based
  • Ceramic based
Microchannel Heat Exchanger Market by Components:
  • Condenser
  • Evaporator
  • Water coil
  • Others
Microchannel Heat Exchanger Market by Fluid-mechanism:
  • Single coil
  • Dual coil
  • Multi-coil
Microchannel Heat Exchanger Market by Type:
  • MCHX
  • Round tube plate fin
Microchannel Heat Exchanger Market by End-use industry:
  • Automotive
  • HVAC
  • Commercial refrigeration
  • Others
Microchannel Heat Exchanger Market by Region:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • 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%.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS 
 
1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY 
    1.5 UNITS CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 INCLUSIONS & EXCLUSIONS 
          TABLE 1 MICROCHANNEL HEAT EXCHANGER MARKET: INCLUSIONS & EXCLUSIONS
 
2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA 
          FIGURE 1 MICROCHANNEL HEAT EXCHANGER MARKET: RESEARCH DESIGN
           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 Breakdown of primary interviews
                    2.1.2.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 2 MICROCHANNEL HEAT EXCHANGER MARKET: MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 3 MICROCHANNEL HEAT EXCHANGER MARKET: TOP-DOWN APPROACH
           2.2.2 BOTTOM-UP APPROACH
                    FIGURE 4 MICROCHANNEL HEAT EXCHANGER MARKET: BOTTOM-UP APPROACH
    2.3 DATA TRIANGULATION 
          FIGURE 5 MICROCHANNEL HEAT EXCHANGER MARKET: DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 LIMITATIONS 
    2.6 FORECAST ESTIMATION 
           2.6.1 SUPPLY-SIDE APPROACH
           2.6.2 DEMAND-SIDE APPROACH
    2.7 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 41)
    FIGURE 6 METAL-BASED SEGMENT TO BE LARGER MATERIAL TYPE BETWEEN 2023 AND 2028
    FIGURE 7 CONDENSER TO LEAD MICROCHANNEL HEAT EXCHANGER MARKET BETWEEN 2023 AND 2028
    FIGURE 8 ASIA PACIFIC TO LEAD MICROCHANNEL HEAT EXCHANGER MARKET DURING FORECAST PERIOD
    FIGURE 9 HVAC END-USE INDUSTRY TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 EMERGING ECONOMIES TO WITNESS HIGHER DEMAND FOR MICROCHANNEL HEAT EXCHANGERS 
          FIGURE 10 EMERGING ECONOMIES TO OFFER ATTRACTIVE OPPORTUNITIES IN MICROCHANNEL HEAT EXCHANGER MARKET DURING FORECAST PERIOD
    4.2 MICROCHANNEL HEAT EXCHANGER MARKET, BY MATERIAL TYPE 
          FIGURE 11 METAL-BASED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.3 MICROCHANNEL HEAT EXCHANGER MARKET, BY COMPONENT 
          FIGURE 12 WATER COIL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.4 MICROCHANNEL HEAT EXCHANGER MARKET, BY END-USE INDUSTRY 
          FIGURE 13 HVAC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.5 MICROCHANNEL HEAT EXCHANGER MARKET, BY TYPE 
          FIGURE 14 MCHX TO ACCOUNT FOR DOMINANT SHARE DURING FORECAST PERIOD
    4.6 MICROCHANNEL HEAT EXCHANGER MARKET, BY COUNTRY 
          FIGURE 15 INDIA TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MICROCHANNEL HEAT EXCHANGER MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Energy efficiency regulations and stringent emission standards
                    5.2.1.2 High demand for MCHEs in growing HVACR industry
                    5.2.1.3 Need for effective thermal management solutions in expanding data centers
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of manufacturing
                    5.2.2.2 Concerns related to durability and reliability of microchannel heat exchangers
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing usage of microchannel heat exchangers in automotive industry
                    5.2.3.2 Integration of microchannel heat exchangers in renewable energy systems
           5.2.4 CHALLENGES
                    5.2.4.1 High pressure drop due to smaller flow passages in microchannel heat exchangers
 
6 INDUSTRY TRENDS (Page No. - 53)
    6.1 INTRODUCTION 
    6.2 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 17 MICROCHANNEL HEAT EXCHANGER MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.2.1 THREAT OF NEW ENTRANTS
           6.2.2 THREATS OF SUBSTITUTES
           6.2.3 BARGAINING POWER OF SUPPLIERS
           6.2.4 BARGAINING POWER OF BUYERS
           6.2.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 2 MICROCHANNEL HEAT EXCHANGER MARKET: PORTER’S FIVE FORCES ANALYSIS
    6.3 VALUE CHAIN ANALYSIS 
          FIGURE 18 VALUE CHAIN ANALYSIS: MICROCHANNEL HEAT EXCHANGER MARKET
           6.3.1 RAW MATERIAL SUPPLIERS
           6.3.2 MANUFACTURERS
           6.3.3 DISTRIBUTORS
           6.3.4 OEMS/END-USE INDUSTRIES
           6.3.5 MAINTENANCE AND SERVICE PROVIDERS
    6.4 PRICING ANALYSIS 
           6.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
                    FIGURE 19 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION (USD/UNIT)
           6.4.2 AVERAGE SELLING PRICE TREND, BY REGION
                    FIGURE 20 AVERAGE SELLING PRICE TREND, BY REGION (USD/UNIT)
           6.4.3 AVERAGE SELLING PRICE TREND, BY COMPONENT
                    FIGURE 21 AVERAGE SELLING PRICE TREND, BY COMPONENT (USD/UNIT)
    6.5 RAW MATERIAL ANALYSIS 
           6.5.1 METAL-BASED
                    6.5.1.1 Aluminum
                    6.5.1.2 Steel
                    6.5.1.3 Others
           6.5.2 CERAMIC-BASED
                    6.5.2.1 Silicon carbide
                    6.5.2.2 Alumina
                    6.5.2.3 Others
    6.6 TARIFF AND REGULATORY LANDSCAPE 
           6.6.1 REGULATIONS
                    6.6.1.1 North America
                    6.6.1.2 Europe
                    6.6.1.3 Asia Pacific
           6.6.2 STANDARDS
                    6.6.2.1 IS 4503
                    6.6.2.2 PD 5500:2021
                    6.6.2.3 EN 13445
                    6.6.2.4 CODAP
           6.6.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 3 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.7 TRADE ANALYSIS 
           6.7.1 IMPORT TRADE ANALYSIS
                    FIGURE 22 HEAT EXCHANGER IMPORTS, BY KEY COUNTRIES, 2018–2022 (USD MILLION)
           6.7.2 EXPORT TRADE ANALYSIS
                    FIGURE 23 HEAT EXCHANGER EXPORTS, BY KEY COUNTRIES, 2018–2022 (USD MILLION)
    6.8 MACROECONOMIC INDICATORS 
           6.8.1 GDP TRENDS AND FORECASTS
                    TABLE 4 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2018–2025
    6.9 ECOSYSTEM/MARKET MAP 
          FIGURE 24 MICROCHANNEL HEAT EXCHANGER MARKET: ECOSYSTEM MAPPING
          TABLE 5 MICROCHANNEL HEAT EXCHANGER MARKET: ROLE IN ECOSYSTEM
    6.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS IN MICROCHANNEL HEAT EXCHANGER MARKET
    6.11 TECHNOLOGY ANALYSIS 
           6.11.1 ADDITIVE MANUFACTURING
           6.11.2 ADVANCED MATERIALS AND COATINGS
           6.11.3 MICROSCALE MANUFACTURING TECHNOLOGIES
    6.12 CASE STUDY ANALYSIS 
           6.12.1 API HEAT TRANSFER
           6.12.2 KALTRA
    6.13 KEY CONFERENCES & EVENTS (2023–2024) 
           TABLE 6 MICROCHANNEL HEAT EXCHANGER MARKET: LIST OF CONFERENCES & EVENTS
    6.14 PATENT ANALYSIS 
           6.14.1 METHODOLOGY
           6.14.2 DOCUMENT TYPE
                     FIGURE 26 GRANTED PATENTS
           6.14.3 PUBLICATION TRENDS
                     FIGURE 27 NUMBER OF PATENTS PUBLISHED YEAR-WISE (2012–2022)
           6.14.4 INSIGHT
           6.14.5 LEGAL STATUS OF PATENTS
                     FIGURE 28 PATENT ANALYSIS, BY LEGAL STATUS
           6.14.6 JURISDICTION ANALYSIS
                     FIGURE 29 TOP JURISDICTIONS, BY DOCUMENT
           6.14.7 TOP COMPANIES/APPLICANTS
                     FIGURE 30 TOP 10 PATENT APPLICANTS
                     TABLE 7 LIST OF PATENTS BY CARRIER CORPORATION
                     TABLE 8 LIST OF PATENTS BY VELOCYS INC.
                     TABLE 9 LIST OF PATENTS BY GREE ELECTRIC APPLIANCES INC. OF ZHUHAI
                     TABLE 10 TOP 20 PATENT OWNERS (2012–2022)
    6.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 31 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
                     TABLE 11 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES (%)
           6.15.2 BUYING CRITERIA
                     FIGURE 32 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
                     TABLE 12 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
 
7 MICROCHANNEL HEAT EXCHANGER MARKET, BY MATERIAL TYPE (Page No. - 79)
    7.1 INTRODUCTION 
          FIGURE 33 METAL-BASED TO BE FASTER-GROWING MATERIAL TYPE DURING FORECAST PERIOD
          TABLE 13 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (USD MILLION)
          TABLE 14 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (USD MILLION)
          TABLE 15 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (MILLION UNITS)
          TABLE 16 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (MILLION UNITS)
    7.2 METAL-BASED 
           7.2.1 OFFERS EXCELLENT THERMAL CONDUCTIVITY AND DURABILITY
           7.2.2 STAINLESS STEEL
           7.2.3 ALUMINUM
           7.2.4 OTHERS
    7.3 CERAMIC-BASED 
           7.3.1 INHERENT CORROSION RESISTANCE OF CERAMICS ENSURES LONGEVITY AND RELIABILITY
           7.3.2 SILICON CARBIDE
           7.3.3 ALUMINA
           7.3.4 OTHERS
 
8 MICROCHANNEL HEAT EXCHANGER MARKET, BY END-USE INDUSTRY (Page No. - 85)
    8.1 INTRODUCTION 
          FIGURE 34 HVAC END-USE INDUSTRY TO DRIVE MICROCHANNEL HEAT EXCHANGER MARKET
          TABLE 17 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
          TABLE 18 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
          TABLE 19 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
          TABLE 20 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
    8.2 HVAC 
           8.2.1 INCREASING NEED FOR ENERGY EFFICIENCY DRIVING DEMAND IN HVAC SEGMENT
           8.2.2 COMMERCIAL
           8.2.3 ENERGY STORAGE
           8.2.4 RESIDENTIAL
           8.2.5 PRECISION COOLING
    8.3 COMMERCIAL REFRIGERATION 
           8.3.1 MICROCHANNEL HEAT EXCHANGERS ADOPTED TO MINIMIZE REFRIGERANT USAGE IN COMMERCIAL REFRIGERATION
           8.3.2 STATIONARY REFRIGERATION
           8.3.3 TRANSPORT REFRIGERATION
           8.3.4 COLD STORAGE
    8.4 OTHERS 
 
9 MICROCHANNEL HEAT EXCHANGER MARKET, BY COMPONENT (Page No. - 93)
    9.1 INTRODUCTION 
          FIGURE 35 CONDENSER SEGMENT TO DRIVE MICROCHANNEL HEAT EXCHANGER MARKET
          TABLE 21 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (USD MILLION)
          TABLE 22 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (USD MILLION)
          TABLE 23 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (THOUSAND UNITS)
          TABLE 24 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
    9.2 CONDENSER 
           9.2.1 DOMINANT COMPONENT TYPE IN OVERALL MICROCHANNEL HEAT EXCHANGER MARKET
    9.3 EVAPORATOR 
           9.3.1 DEMAND IN AC SYSTEMS TO DRIVE MARKET FOR EVAPORATORS
    9.4 WATER COIL 
           9.4.1 OFFERS EFFICIENCY AND VERSATILITY IN VARIOUS END-USE INDUSTRIES
    9.5 OTHERS 
 
10 MICROCHANNEL HEAT EXCHANGER MARKET, BY FLUID MECHANISM (Page No. - 97)
     10.1 INTRODUCTION 
             FIGURE 36 DUAL-COIL SEGMENT TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
             TABLE 25 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (USD MILLION)
             TABLE 26 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (USD MILLION)
             TABLE 27 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (THOUSAND UNITS)
             TABLE 28 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (THOUSAND UNITS)
     10.2 SINGLE-COIL 
             10.2.1 ENHANCED RELIABILITY, REDUCED MATERIALS, AND IMPROVED EFFICIENCY TO PROPEL DEMAND
     10.3 DUAL-COIL 
             10.3.1 DUAL-COIL SEGMENT TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
     10.4 MULTI-COIL 
             10.4.1 DEMAND FOR ADVANCED THERMAL MANAGEMENT SOLUTIONS TO DRIVE MARKET
 
11 MICROCHANNEL HEAT EXCHANGER MARKET, BY TYPE (Page No. - 101)
     11.1 INTRODUCTION 
             FIGURE 37 MCHX TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
             TABLE 29 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (USD MILLION)
             TABLE 30 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (USD MILLION)
             TABLE 31 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (THOUSAND UNITS)
             TABLE 32 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (THOUSAND UNITS)
     11.2 MCHX 
             11.2.1 ENHANCED HEAT TRANSFER CAPABILITIES OF MCHX CONTRIBUTE TO IMPROVED ENERGY EFFICIENCY
     11.3 ROUND TUBE PLATE FIN 
             11.3.1 OFFERS HIGH DURABILITY AND ADAPTABILITY IN HVAC SYSTEMS
 
12 MICROCHANNEL HEAT EXCHANGER MARKET, BY REGION (Page No. - 105)
     12.1 INTRODUCTION 
             FIGURE 38 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
             TABLE 33 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY REGION, 2020–2022 (USD MILLION)
             TABLE 34 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
             TABLE 35 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY REGION, 2020–2022 (THOUSAND UNITS)
             TABLE 36 MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY REGION, 2023–2028 (THOUSAND UNITS)
     12.2 NORTH AMERICA 
             12.2.1 IMPACT OF RECESSION
                        FIGURE 39 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SNAPSHOT
                        TABLE 37 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 38 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 39 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 40 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                        TABLE 41 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (USD MILLION)
                        TABLE 42 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (USD MILLION)
                        TABLE 43 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 44 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 45 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (USD MILLION)
                        TABLE 46 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 47 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (THOUSAND UNITS)
                        TABLE 48 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
                        TABLE 49 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (USD MILLION)
                        TABLE 50 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (USD MILLION)
                        TABLE 51 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (THOUSAND UNITS)
                        TABLE 52 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (THOUSAND UNITS)
                        TABLE 53 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (USD MILLION)
                        TABLE 54 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 55 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 56 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 57 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 58 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 59 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 60 NORTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.2.2 US
                        12.2.2.1 Automotive industry to drive demand for microchannel heat exchangers
                                      TABLE 61 US: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 62 US: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 63 US: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 64 US: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.2.3 CANADA
                        12.2.3.1 Growing HVAC industry to boost demand
                                      TABLE 65 CANADA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 66 CANADA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 67 CANADA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 68 CANADA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.2.4 MEXICO
                        12.2.4.1 Demand from automotive sector to drive market for microchannel heat exchangers
                                      TABLE 69 MEXICO: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 70 MEXICO: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 71 MEXICO: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 72 MEXICO: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
     12.3 EUROPE 
             12.3.1 IMPACT OF RECESSION
                        TABLE 73 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 74 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 75 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 76 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                        TABLE 77 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (USD MILLION)
                        TABLE 78 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (USD MILLION)
                        TABLE 79 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 80 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 81 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (USD MILLION)
                        TABLE 82 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 83 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (THOUSAND UNITS)
                        TABLE 84 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
                        TABLE 85 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (USD MILLION)
                        TABLE 86 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (USD MILLION)
                        TABLE 87 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (THOUSAND UNITS)
                        TABLE 88 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (THOUSAND UNITS)
                        TABLE 89 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (USD MILLION)
                        TABLE 90 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 91 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 92 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 93 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 94 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 95 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 96 EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.3.2 GERMANY
                        12.3.2.1 HVAC to be largest consumer of microchannel heat exchangers
                                      TABLE 97 GERMANY: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 98 GERMANY: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 99 GERMANY: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 100 GERMANY: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.3.3 FRANCE
                        12.3.3.1 Significant presence of HVACR, construction, and automotive industries to fuel demand
                                      TABLE 101 FRANCE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 102 FRANCE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 103 FRANCE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 104 FRANCE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.3.4 SPAIN
                        12.3.4.1 Rapidly increasing renewable energy sector to drive market for microchannel heat exchangers
                                      TABLE 105 SPAIN: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 106 SPAIN: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 107 SPAIN: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 108 SPAIN: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.3.5 UK
                        12.3.5.1 Growing demand from commercial construction and automotive industries to boost market
                                      TABLE 109 UK: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 110 UK: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 111 UK: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 112 UK: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.3.6 RUSSIA
                        12.3.6.1 Growing construction industry to support market growth
                                      TABLE 113 RUSSIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 114 RUSSIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 115 RUSSIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 116 RUSSIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.3.7 ITALY
                        12.3.7.1 Rising demand from automotive and manufacturing sectors to lead to market growth
                                      TABLE 117 ITALY: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 118 ITALY: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 119 ITALY: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 120 ITALY: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.3.8 REST OF EUROPE
                        TABLE 121 REST OF EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 122 REST OF EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 123 REST OF EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 124 REST OF EUROPE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
     12.4 ASIA PACIFIC 
             12.4.1 IMPACT OF RECESSION
                        FIGURE 40 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SNAPSHOT
                        TABLE 125 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 126 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 127 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 128 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                        TABLE 129 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (USD MILLION)
                        TABLE 130 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (USD MILLION)
                        TABLE 131 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 132 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 133 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (USD MILLION)
                        TABLE 134 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 135 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (THOUSAND UNITS)
                        TABLE 136 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
                        TABLE 137 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (USD MILLION)
                        TABLE 138 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (USD MILLION)
                        TABLE 139 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (THOUSAND UNITS)
                        TABLE 140 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (THOUSAND UNITS)
                        TABLE 141 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (USD MILLION)
                        TABLE 142 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 143 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 144 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 145 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 146 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 147 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 148 ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.4.2 CHINA
                        12.4.2.1 China to lead microchannel heat exchanger market in Asia Pacific
                                      TABLE 149 CHINA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 150 CHINA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 151 CHINA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 152 CHINA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.4.3 INDIA
                        12.4.3.1 Fastest-growing market for microchannel heat exchangers in Asia Pacific
                                      TABLE 153 INDIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 154 INDIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 155 INDIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 156 INDIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.4.4 JAPAN
                        12.4.4.1 Strong emphasis on advancing thermal management technologies to drive market
                                      TABLE 157 JAPAN: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 158 JAPAN: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 159 JAPAN: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 160 JAPAN: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.4.5 SOUTH KOREA
                        12.4.5.1 Rising commercial construction to boost market
                                      TABLE 161 SOUTH KOREA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 162 SOUTH KOREA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 163 SOUTH KOREA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 164 SOUTH KOREA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.4.6 INDONESIA
                        12.4.6.1 Demand for air conditioning systems to drive market
                                      TABLE 165 INDONESIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 166 INDONESIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 167 INDONESIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 168 INDONESIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.4.7 REST OF ASIA PACIFIC
                        TABLE 169 REST OF ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 170 REST OF ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 171 REST OF ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 172 REST OF ASIA PACIFIC: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
     12.5 MIDDLE EAST & AFRICA 
             12.5.1 IMPACT OF RECESSION
                        TABLE 173 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 174 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 175 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 176 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                        TABLE 177 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (USD MILLION)
                        TABLE 178 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (USD MILLION)
                        TABLE 179 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 180 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 181 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (USD MILLION)
                        TABLE 182 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 183 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (THOUSAND UNITS)
                        TABLE 184 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
                        TABLE 185 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (USD MILLION)
                        TABLE 186 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (USD MILLION)
                        TABLE 187 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (THOUSAND UNITS)
                        TABLE 188 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (THOUSAND UNITS)
                        TABLE 189 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (USD MILLION)
                        TABLE 190 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 191 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 192 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 193 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 194 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 195 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 196 MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.5.2 GCC COUNTRIES
                        TABLE 197 GCC COUNTRIES: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 198 GCC COUNTRIES: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 199 GCC COUNTRIES: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 200 GCC COUNTRIES: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
                        12.5.2.1 SAUDI ARABIA
                                     12.5.2.1.1 Rising commercial construction and HVAC industry to drive market
                                                     TABLE 201 SAUDI ARABIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                     TABLE 202 SAUDI ARABIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                     TABLE 203 SAUDI ARABIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                                     TABLE 204 SAUDI ARABIA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
                        12.5.2.2 UAE
                                     12.5.2.2.1 Expanding industrial sector to drive market
                                                     TABLE 205 UAE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                     TABLE 206 UAE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                     TABLE 207 UAE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                                     TABLE 208 UAE: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
                        12.5.2.3 Rest of GCC
                                      TABLE 209 REST OF GCC COUNTRIES: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 210 REST OF GCC COUNTRIES: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 211 REST OF GCC COUNTRIES: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 212 REST OF GCC COUNTRIES: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.5.3 SOUTH AFRICA
                        12.5.3.1 Focus on sustainable and energy-efficient solutions in various industries to drive demand
                                      TABLE 213 SOUTH AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 214 SOUTH AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 215 SOUTH AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 216 SOUTH AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.5.4 REST OF MIDDLE EAST & AFRICA
                        TABLE 217 REST OF MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 218 REST OF MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 219 REST OF MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 220 REST OF MIDDLE EAST & AFRICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
     12.6 SOUTH AMERICA 
             12.6.1 IMPACT OF RECESSION
                        TABLE 221 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 222 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 223 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 224 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                        TABLE 225 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (USD MILLION)
                        TABLE 226 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (USD MILLION)
                        TABLE 227 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 228 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY MATERIAL TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 229 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (USD MILLION)
                        TABLE 230 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 231 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2020–2022 (THOUSAND UNITS)
                        TABLE 232 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
                        TABLE 233 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (USD MILLION)
                        TABLE 234 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (USD MILLION)
                        TABLE 235 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2020–2022 (THOUSAND UNITS)
                        TABLE 236 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY FLUID MECHANISM, 2023–2028 (THOUSAND UNITS)
                        TABLE 237 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (USD MILLION)
                        TABLE 238 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 239 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2020–2022 (THOUSAND UNITS)
                        TABLE 240 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY TYPE, 2023–2028 (THOUSAND UNITS)
                        TABLE 241 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 242 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 243 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 244 SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.6.2 BRAZIL
                        12.6.2.1 Brazil to lead microchannel heat exchanger market in South America
                                      TABLE 245 BRAZIL: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 246 BRAZIL: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 247 BRAZIL: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 248 BRAZIL: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.6.3 ARGENTINA
                        12.6.3.1 Growing HVAC industry to fuel demand for microchannel heat exchangers
                                      TABLE 249 ARGENTINA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 250 ARGENTINA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 251 ARGENTINA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                                      TABLE 252 ARGENTINA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
             12.6.4 REST OF SOUTH AMERICA
                        TABLE 253 REST OF SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 254 REST OF SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 255 REST OF SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2020–2022 (THOUSAND UNITS)
                        TABLE 256 REST OF SOUTH AMERICA: MICROCHANNEL HEAT EXCHANGER MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (THOUSAND UNITS)
 
13 COMPETITIVE LANDSCAPE (Page No. - 220)
     13.1 INTRODUCTION 
     13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             FIGURE 41 OVERVIEW OF STRATEGIES ADOPTED BY MICROCHANNEL HEAT EXCHANGER MANUFACTURERS
     13.3 REVENUE ANALYSIS 
             FIGURE 42 REVENUE ANALYSIS OF KEY COMPANIES (2020–2022)
     13.4 MARKET SHARE ANALYSIS 
             FIGURE 43 SHARES OF LEADING COMPANIES IN MICROCHANNEL HEAT EXCHANGER MARKET (2022)
             TABLE 257 MICROCHANNEL HEAT EXCHANGER MARKET: DEGREE OF COMPETITIVE
             13.4.1 SANHUA
             13.4.2 MODINE MANUFACTURING COMPANY
             13.4.3 DANFOSS
             13.4.4 HYDRO
             13.4.5 KALTRA
             13.4.6 MARKET SHARE OF KEY PLAYERS, 2022
     13.5 COMPANY EVALUATION MATRIX 
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 PARTICIPANTS
                        FIGURE 44 MICROCHANNEL HEAT EXCHANGER MARKET: COMPANY EVALUATION MATRIX, 2022
             13.5.5 COMPANY FOOTPRINT
                        FIGURE 45 PRODUCT FOOTPRINT (26 COMPANIES)
                        TABLE 258 COMPONENT FOOTPRINT (26 COMPANIES)
                        TABLE 259 END-USE INDUSTRY FOOTPRINT (26 COMPANIES)
                        TABLE 260 REGION FOOTPRINT (26 COMPANIES)
                        TABLE 261 OVERALL COMPANY FOOTPRINT (25 COMPANIES)
     13.6 STARTSUPS/SMES EVALUATION MATRIX 
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 DYNAMIC COMPANIES
             13.6.4 STARTING BLOCKS
                        FIGURE 46 MICROCHANNEL HEAT EXCHANGER MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
             13.6.5 COMPETITIVE BENCHMARKING
                        TABLE 262 MICROCHANNEL HEAT EXCHANGER MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 263 MICROCHANNEL HEAT EXCHANGER MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
     13.7 COMPETITIVE SITUATION & TRENDS 
             13.7.1 PRODUCT LAUNCHES
                        TABLE 264 MICROCHANNEL HEAT EXCHANGER MARKET: PRODUCT LAUNCHES, 2019–2023
             13.7.2 DEALS
                        TABLE 265 MICROCHANNEL HEAT EXCHANGER MARKET: DEALS, 2019–2023
             13.7.3 OTHERS
                        TABLE 266 MICROCHANNEL HEAT EXCHANGER MARKET: OTHERS, 2019–2023
 
14 COMPANY PROFILES (Page No. - 239)
     14.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
             14.1.1 SANHUA
                        TABLE 267 SANHUA: COMPANY OVERVIEW
                        TABLE 268 SANHUA: PRODUCT OFFERINGS
                        TABLE 269 SANHUA: PRODUCT LAUNCHES
             14.1.2 MODINE MANUFACTURING COMPANY
                        TABLE 270 MODINE MANUFACTURING COMPANY: COMPANY OVERVIEW
                        FIGURE 47 MODINE MANUFACTURING COMPANY: COMPANY SNAPSHOT
                        TABLE 271 MODINE MANUFACTURING COMPANY: PRODUCT OFFERINGS
                        TABLE 272 MODINE MANUFACTURING COMPANY: DEALS
             14.1.3 DANFOSS
                        TABLE 273 DANFOSS: COMPANY OVERVIEW
                        FIGURE 48 DANFOSS: COMPANY SNAPSHOT
                        TABLE 274 DANFOSS: PRODUCT OFFERINGS
                        TABLE 275 DANFOSS: PRODUCT LAUNCHES
                        TABLE 276 DANFOSS: OTHER DEVELOPMENTS
             14.1.4 HYDRO
                        TABLE 277 HYDRO: COMPANY OVERVIEW
                        FIGURE 49 HYDRO: COMPANY SNAPSHOT
                        TABLE 278 HYDRO: PRODUCT OFFERINGS
             14.1.5 KALTRA
                        TABLE 279 KALTRA: COMPANY OVERVIEW
                        TABLE 280 KALTRA: PRODUCT OFFERINGS
                        TABLE 281 KALTRA: PRODUCT LAUNCHES
                        TABLE 282 KALTRA: OTHER DEVELOPMENTS
             14.1.6 MAHLE
                        TABLE 283 MAHLE: COMPANY OVERVIEW
                        FIGURE 50 MAHLE: COMPANY SNAPSHOT
                        TABLE 284 MAHLE: PRODUCT OFFERINGS
                        TABLE 285 MAHLE: DEALS
                        TABLE 286 MAHLE: OTHER DEVELOPMENTS
             14.1.7 HANON SYSTEMS
                        TABLE 287 HANON SYSTEMS: COMPANY OVERVIEW
                        FIGURE 51 HANON SYSTEMS: COMPANY SNAPSHOT
                        TABLE 288 HANON SYSTEMS: PRODUCT OFFERINGS
                        TABLE 289 HANON SYSTEMS: DEALS
                        TABLE 290 HANON SYSTEMS: OTHER DEVELOPMENTS
             14.1.8 DENSO CORPORATION
                        TABLE 291 DENSO CORPORATION: COMPANY OVERVIEW
                        FIGURE 52 DENSO CORPORATION: COMPANY SNAPSHOT
                        TABLE 292 DENSO CORPORATION: PRODUCT OFFERINGS
             14.1.9 DUNHAM BUSH
                        TABLE 293 DUNHAM BUSH: COMPANY OVERVIEW
                        TABLE 294 DUNHAM BUSH: PRODUCT OFFERINGS
                        TABLE 295 DUNHAM BUSH: PRODUCT LAUNCHES
             14.1.10 CLIMETAL S.L.
                        TABLE 296 CLIMETAL S.L.: COMPANY OVERVIEW
                        TABLE 297 CLIMETAL S.L.: PRODUCT OFFERINGS
             14.1.11 API HEAT TRANSFER
                        TABLE 298 API HEAT TRANSFER: COMPANY OVERVIEW
                        TABLE 299 API HEAT TRANSFER: PRODUCT OFFERINGS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS 
             14.2.1 EVAPCO ALCOIL
                        TABLE 300 EVAPCO ALCOIL: COMPANY OVERVIEW
             14.2.2 KASUN
                        TABLE 301 KASUN: COMPANY OVERVIEW
             14.2.3 GOLDSTONE HVACR INC.
                        TABLE 302 GOLDSTONE HVACR INC.: COMPANY OVERVIEW
             14.2.4 THERMOKEY
                        TABLE 303 THERMOKEY: COMPANY OVERVIEW
             14.2.5 HEATCRAFT WORLDWIDE REFRIGERATION
                        TABLE 304 HEATCRAFT WORLDWIDE REFRIGERATION: COMPANY OVERVIEW
             14.2.6 WELCON INC.
                        TABLE 305 WELCON INC.: COMPANY OVERVIEW
             14.2.7 SHANGHAI SHENGLIN M&E TECHNOLOGY CO., LTD.
                        TABLE 306 SHANGHAI SHENGLIN M&E TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             14.2.8 VACUUM PROCESS ENGINEERING
                        TABLE 307 VACUUM PROCESS ENGINEERING: COMPANY OVERVIEW
             14.2.9 SUMITOMO PRECISION PRODUCTS CO., LTD.
                        TABLE 308 SUMITOMO PRECISION PRODUCTS CO., LTD.: COMPANY OVERVIEW
             14.2.10 TATA TOYO RADIATOR
                        TABLE 309 TATA TOYO RADIATOR: COMPANY OVERVIEW
             14.2.11 NORTEK GLOBAL HVAC
                        TABLE 310 NORTEK GLOBAL HVAC: COMPANY OVERVIEW
             14.2.12 KAORI HEAT TREATMENT CO., LTD.
                        TABLE 311 KAORI HEAT TREATMENT CO., LTD.: COMPANY OVERVIEW
             14.2.13 AMBER ENTERPRISES INDIA LIMITED
                        TABLE 312 AMBER ENTERPRISES INDIA LIMITED: COMPANY OVERVIEW
             14.2.14 TIPO HEAT EXCHANGERS
                        TABLE 313 TIPO HEAT EXCHANGERS: COMPANY OVERVIEW
             14.2.15 YOUNG IN TECH
                        TABLE 314 YOUNG IN TECH: COMPANY OVERVIEW
 
15 APPENDIX (Page No. - 275)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The study involved four major activities in estimating the current market size for microchannel heat exchangers. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.  Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various sources have been referred to for identifying and collecting information for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research. Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The microchannel heat exchanger market involves a variety of stakeholders across the value chain, including raw material suppliers, manufacturers, and end-users. For this study, both the supply and demand sides of the market were interviewed to gather qualitative and quantitative information. Key opinion leaders from various end-use sectors were interviewed from the demand side, while manufacturers and associations were interviewed from the supply side.

Primary interviews helped to gather insights on market statistics, revenue data, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped to identify trends related to material type, component, end-use industries, and region. C-level executives from the demand side, such as CIOs, CTOs, and CSOs, were interviewed to understand their perspective on suppliers, products, and component providers, which will affect the overall market.

Breakdown of Primaries

Microchannel Heat Exchanger Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include sales representatives, production heads, and technicians.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

  • The top-down approach was used to estimate and validate the size of various submarkets for microchannel heat exchangers for each region. The research methodology used to estimate the market size included the following steps:
  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • The global market was then segmented into five major regions and validated by industry experts.
  • All percentage shares, splits, and breakdowns based on type, end-use industry, and country were determined using secondary sources and verified through primary sources.

All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis and presented in this report.

Microchannel Heat Exchanger Market: Bottum-Up Approach

Microchannel Heat Exchanger Market Size, and Share

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Microchannel Heat Exchanger Market: Top-Down Approach

Microchannel Heat Exchanger Market Size, and Share

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply of microchannel heat exchangers and their applications.

Market Definition

Microchannel heat exchangers are compact heat exchangers with channels of a hydraulic diameter below 1mm. These heat exchangers are mainly made up of pure aluminum or grades of aluminum. They provide high heat transfer coefficients and thus are up to 45% more compact than the fin & tube and plate & frame heat exchangers. These are increasingly used in both single-phase (liquid or gas) and two-phase heat exchange (condensation - evaporation) because of high thermal performance. MCHE is mainly used in automotive, heating, ventilation, and air conditioning (HVAC), and commercial refrigeration applications.

Stakeholders

  • Manufacturers of microchannel heat exchangers
  • Raw Material Suppliers
  • Manufacturers In End-use Industries
  • Traders, Distributors, and Suppliers
  • Regional Manufacturers’ Associations
  • Government & Regional Agencies and Research Organizations

The main objectives of this study are as follows:

  • To analyze and forecast the size of the microchannel heat exchanger market in terms of value and volume.
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market
  • To analyze and forecast the market by material type, component, type, fluid-mechanism, end-use industry, and region.
  • To forecast the size of the market with respect to five regions: Asia Pacific, Europe, North America, South America, and the Middle East & Africa, along with their key countries
  • To strategically analyze micromarkets1 with respect to individual trends, growth prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for the market leaders.
  • To analyze competitive developments in the market, such as investment & expansion, joint venture, partnership, and merger & acquisition
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2.

Notes: Micromarkets1 are the sub-segments of the microchannel heat exchanger market included in the report.

Core competencies2 of companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the market.

Available Customizations:

MarketsandMarkets offers the following customizations for this market report.

  • Additional country-level analysis of microchannel heat exchanger market
  • Profiling of additional market players (up to 3)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 7169
Published ON
Dec, 2023
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