The MCHE market size is estimated to grow at a CAGR 12.57% rate during the forecast period.
Increased automotive production is the major driving factor for the growth of MCHE in the automotive industry.The condenser segment is estimated to account for the largest share in the market due to the high demand for AC systems in automobiles, residential, and commercial systems. HVAC industry is estimated to drive the demand for MCHE attributed to its compact design, less refrigerant requirement, and high heat transfer rate. On the other hand, the water coil segment is projected to lead the market with highest growth rate due to increased adaptability of MCHE in this segment.
The HVAC application segment is projected to hold the highest share during the forecast period. It is preferred over other heat exchangers due to its light weight, low refrigerant volume features. In addition, it is made up of aluminium, which makes it less vulnerable to galvanic corrosion than the traditional round-tube plate fin (RTPF) coils. MCHE is widely used in air conditioning systems and heat pumps. Growing demand for lightweight systems and rising copper prices has led to increased demand for MCHE in HVAC applications.
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1. Microchannel Heat Exchanger Market, By Type
1.1. Condenser
1.2. Evaporator
1.3. Water Coil

2. Microchannel Heat Exchanger Market, By Application
2.1. Automotive
2.2. HVAC
2.2.1. Residential AC
2.2.2. Commercial AC
2.2.3. Precision Cooling
2.3. Commercial Refrigeration
2.3.1. Stationary Refrigeration
2.3.2. Transport Refrigeration
2.3.3. Cold Storage

3. Microchannel Heat Exchanger Market, By Region
3.1. North America
3.2. Europe
3.3. Asia Pacific
3.4. Rest of World
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