Microchannel Heat Exchanger Market Size, Growth Analysis & Forecast to 2026Microchannel heat exchanger is multi-pass parallel-flow heat exchange...
Published on by Poonam Patil
Microchannel heat exchanger is multi-pass parallel-flow heat exchangers and known as Micro-scale heat exchangers or microstructure heat exchangers. It comprises of manifolds, multi-port tubes, and fins. These are used to heat or cool fluids by transferring heat and widely accepted in the applications of air conditioning, heat pump, and engine, where space is a constraint. They adopted in the various end-use industry, namely, construction, automobile, and power generation industry.
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Global microchannel heat exchanger market was valued at USD 9,429.2 million in 2018 and is expected to reach USD 18,264.2 million in 2026, growing at a CAGR of 8.8% from 2019 to 2026.
The growing implementation of energy efficiency regulations and stringent emission standards across the automotive and power industry and high demand for microchannel heat exchanger in the automotive HVAC system are expected to drive the growth of the market. The evolution of electric vehicles will enhance the demand for thermal management systems, which expected to further create demand for microchannel heat exchanger in the application of automotive HVAC.