New York, August 02, 2021 (GLOBE NEWSWIRE) – Microchannel Heat Exchanger Market Overview: According to a comprehensive study report via Market Research Future (MRFR), “Microchannel Heat Exchangers Market, Industry, Application, and Region Research Report – Forecast to 2027”, the market is expected to be worth USD 27. 87 billion by 2027 , registering a compound annual rate of 13. 45% in the forecasted era (2021 – 2027). The market was valued at USD 12. 10 billion in 2020.
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Competitive analysis
The list of key corporations presented in the Microchannel Heat Exchangers market report is:
Kaltra (Germany)
Welcon Inc. (Japan)
Shanghai Shenglin M
Evapco Inc. (United States)
Climetal SL (Spain)
Modine Manufacturing Company (U. S. )
Danfoss (Denmark)
Zhejiang DUNAN Artificial Environment Co. Ltd. (China)
Sanhua, United States
Vacuum Process Engineering (U. S. )
Sumitomo Precision Products Co. Ltd. (Japan)
The microchannel heat exchanger market is experiencing several strategic partnerships as well as other methods such as expansion, mergers and acquisitions, collaboration, and service and generation launches. expansion plans.
For example, on May 26, 2021, Vacuum Process Engineering Inc. , a developer and manufacturer of broadcast-bonded microchannel heat exchangers, hydrogen precooling heat exchangers, and advertising heat exchangers, announced a source partnership with the United States. Energy (DOE) and Sandia National Laboratories for the source of heat exchangers for solar thermal force plants. Under the terms of the partnership, VPE would design and manufacture next-generation heat exchangers concentrating solar thermal force (CSP) plants . / microchannel-heat -change-market-7944
Rapid industrialization in the world is a major driving force
The immediate expansion of the oil and gas, power generation, and mechanical and engineering sectors is driving the expansion of the microchannel heat exchanger market. In addition, the development adoption of complex refrigeration responses and the strong presence of prominent industry players providing broad product lines. they are influencing the expansion of the market.
The maximum initial load required for product progression is a major challenge
The desire to balance the top initial load challenges developers. In addition, maintenance prices related to superior action devices and lack of testing obstruct market expansion.
COVID-19 testing
The microchannel heat exchanger industry has faced unprecedented demanding situations due to the COVID-19 pandemic. Industry players have faced many demanding situations, adding raw materials, attracting quarantined workers and delivering finished products. As a result, the microchannel heat exchanger market has experienced unplanned outages, very high costs and wreaked havoc on the chains of origin.
However, the market is temporarily returning to normal, with foreclosures declining in many countries. In addition, industries, which aggregate food and beverages and electric power generation, create a significant call in the market.
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Industrial trends
The rapid global economic expansion and diversified commercial application spaces of heat exchangers, such as commercial processing and food processing equipment, will offer many market opportunities. plants, power generation and spas and swimming pools are creating a great demand in the market.
In addition, the increase in the demand for electrical energy from the advertising and non-advertising sectors, the expansion of the population and the economic expansion in emerging countries are the main trends in the market for microchannel heat exchangers.
On the contrary, the volatility of value and the gap between the source and demand of raw fabrics necessary for production are key points that hinder the expansion of the market. market expansion. However, increased investment in many regions would help the expansion of the market during the evaluation period.
Segments
Marketplaceplaceplace is segmented into phases, applications, industries, and regions. The phase segment is subsegmented into single-phase and biphasic. segmented into evaporators, chillers, heat pumps and condensers. Of these, the heat pump segment represents the largest market share.
The industry is subdivided into energy, refrigerated transportation, residential, food processing, advertising and others; of these, advertising represents the largest market share. rest of the world.
Regional analysis
The Asia-Pacific region represents the largest percentage of microchannel heat exchanger market locations in the world. Increased investment in HAVAC systems and increased force generation capacity are the main trends in the microchannel heat exchanger market. Structural industries in the region are expanding the market for microchannel heat exchangers.
In addition, advanced economic conditions, coupled with immediate industrialization and urbanization, are expanding the length of the region’s microchannel heat exchanger market. China, Japan and India generate a significant call in all verticals. and the mechanical and engineering sectors are driving the expansion of the microchannel heat exchanger market.
Market segmentation through research:
Information across industry (residential, commercial, refrigerated transport, electricity), application (chiller, heat pump, condenser and evaporator), phase (single-phase and biphasic) and region (North America, Europe, Asia-Pacific and the rest of the world)
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