Middle East and Africa Microchannel Heat Exchanger Market to 2027 – COVID-19 Impact and Regional Analysis – by Type (Condenser, Evaporator, and Water Coil); Application (HVAC, Commercial Refrigeration, and Others)
Market Introduction
Micro heat exchanger or microstructured heat exchanger refers to heat exchangers in which the fluid flows in lateral confinements with dimensions below 1 mm. A microchannel heat exchanger is a heat exchanger with a hydraulic diameter below 1 mm. It can be made using ceramic or metal. The microchannel heat exchanger is used in applications such as heat pumps, air conditioning, and high performance aircraft gas turbines engines. It is increasingly applied in the heating, ventilation, air conditioning, and refrigeration field owing to its highly efficient heat transfer rate, lower cost, and a compact structure. The microchannel heat exchanger is capable of reducing the equipment weight and enhances the device compact. It improves the process technology and is used in household air conditioning and automotive air conditioning systems.
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Market Overview and Dynamics
The Middle East and Africa microchannel heat exchanger market was valued at US$ 517.50 million in 2019 and is projected to reach US$ 1,256.38 million by 2027; it is expected to grow at a CAGR of 11.8% during 2020–2027. Factors driving the market growth include steady growth in automotive production and advantages of using micro channel heat Exchangers in various applications. However, Volatile prices of raw material and high cost associated with microchannel heat exchangers are likely to have a negative impact on the market growth.
Effect of covid-19 on Middle East and Africa Microchannel Heat Exchanger Market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the chemicals and materials industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. South Africa has the highest number of confirmed cases of the COVID-19 morbidity among all Middle East and African countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The condenser microchannel heat exchanger segment accounted for a larger share of the Middle East and Africa microchannel heat exchanger market, by type, in 2019. The others microchannel heat exchanger segment accounted for a larger share of the Middle East and Africa microchannel heat exchanger market, by application, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the Middle East and Africa microchannel heat exchanger market include API Heat Transfer Inc., Climetal S.L, Danfoss, DENSO Corporation, Hanon Systems, Kaltra, Zhejiang Kangsheng Co. Ltd (Kasun), MAHLE GmbH, Modine Manufacturing Company, and Sanhua Holding Group Co., Ltd.
Reasons to buy the report
- To understand the Middle East and Africa microchannel heat exchanger market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead by comprehending the ever-changing competitive landscape for the microchannel heat exchanger market
- To efficiently plan M&A and partnership deals in the microchannel heat exchanger market by identifying market segments with most promising probable sales
- To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the microchannel heat exchanger market
- To obtain market revenue forecast for market by various segments from 2018 to 2027
Middle East and Africa Microchannel Heat Exchanger Market Segmentation
By Type
- Condenser
- Evaporator
- Water Coil
By Application
- HVAC
- Commercial Refrigeration
- Others
Company Profiles
- API Heat Transfer Inc.
- Climetal S.L
- Danfoss
- DENSO Corporation
- Hanon Systems
- Kaltra
- Zhejiang Kangsheng Co. Ltd (Kasun)
- MAHLE GmbH
- Modine Manufacturing Company
- Sanhua Holding Group Co., Ltd
By Country
- South Africa
- UAE
- Saudi Arabia
- Rest of MEA
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Microchannel Heat Exchanger Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 MEA
4.3 Expert Opinion
5. Microchannel Heat Exchanger Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Steady Growth in Automotive Production
5.1.2 Advantages of using Micro Channel Heat Exchangers in various applications
5.2 Market Restraints
5.2.1 Volatile Prices of Raw Material and high cost associated with microchannel heat exchangers
5.3 Market Opportunities
5.3.1 Use of Thermal Management Systems for EVs
5.4 Future Trends
5.4.1 High Demand for MCHE in the growing HVAC Industry
5.5 Impact Analysis of Drivers and Restraints
6. Microchannel Heat Exchanger – MEA Market Analysis
6.1 Microchannel heat exchanger market Overview
6.2 MEA Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning of Key Players
7. MEA Microchannel Heat Exchanger Market Analysis – By Type
7.1 Overview
7.2 Overview
7.3 Microchannel Heat Exchanger Market, By Type (2019 and 2027)
7.4 Condenser
7.4.1 Overview
7.4.2 Condenser: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Evaporator
7.5.1 Overview
7.5.2 Evaporator: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Water Coil
7.6.1 Overview
7.6.2 Water Coil: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
8. Microchannel Heat Exchanger Market Analysis – By Application
8.1 Overview
8.2 Microchannel Heat Exchanger Market, By Application (2019 and 2027)
8.3 HVAC
8.3.1 Overview
8.3.2 HVAC: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Commercial Refrigeration
8.4.1 Overview
8.4.2 Commercial Refrigeration: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
9. Microchannel Heat Exchanger Market – Country Analysis
9.1 Overview
9.1.1 MEA: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
9.1.2 MEA: Microchannel Heat Exchanger Market, by Type
9.1.3 MEA: Microchannel Heat Exchanger Market, by Application
9.1.4 MEA: Microchannel Heat Exchanger Market, by Key Country
9.1.4.1 South Africa: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.1.1 South Africa: Microchannel Heat Exchanger Market, by Type
9.1.4.1.2 South Africa: Microchannel Heat Exchanger Market, by Application
9.1.4.2 Saudi Arabia: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.2.1 Saudi Arabia: Microchannel Heat Exchanger Market, by Type
9.1.4.2.2 Saudi Arabia: Microchannel Heat Exchanger Market, by Application
9.1.4.3 UAE: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.3.1 UAE: Microchannel Heat Exchanger Market, by Type
9.1.4.3.2 UAE: Microchannel Heat Exchanger Market, by Application
9.1.4.4 Rest of MEA: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.4.1 Rest of MEA: Microchannel Heat Exchanger Market, by Type
9.1.4.4.2 Rest of MEA: Microchannel Heat Exchanger Market, by Application
10. Overview- Impact of COVID-19 of MEA Microchannel Heat Exchanger Market
10.1 Overview
10.2 MEA: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 API HEAT TRANSFER
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 CLIMETAL S.L.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 DANFOSS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 DENSO CORPORATION
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 HANON SYSTEM
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.5 Financial Overview
11.5.6 SWOT Analysis
11.6 KALTRA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 ZHEJIANG KANGSHENG CO. LTD (KASUN)
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 MAHLE GMBH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.9 MODINE MANUFACTURING COMPANY
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.10 SANHUA HOLDING GROUP
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Key Developments
11.10.5 Financial Overview
11.10.6 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. MEA Microchannel Heat Exchanger Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. MEA Microchannel Heat Exchanger Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. Glossary of Terms, Microchannel Heat Exchanger Market
LIST OF FIGURES
Figure 1. MEA Microchannel Heat Exchanger Market Segmentation
Figure 2. MEA Microchannel Heat Exchanger Market Segmentation – By Country
Figure 3. MEA Microchannel Heat Exchanger Market Overview
Figure 4. Condenser Segment Held Largest Share of MEA Microchannel Heat Exchanger Market
Figure 5. South Africa Held Largest Share of MEA Microchannel Heat Exchanger Market
Figure 6. MEA Microchannel Heat Exchanger Market, Industry Landscape
Figure 7. MEA PEST Analysis
Figure 8. Expert Opinion
Figure 9. Microchannel Heat Exchanger Market Impact Analysis of Driver and Restraints
Figure 10. MEA: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Market Positioning of Key Player In Microchannel Heat Exchanger Market
Figure 12. MEA: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)
Figure 13. Condenser: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)
Figure 14. Evaporator: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)
Figure 15. Water Coil: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)
Figure 16. MEA: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)
Figure 17. HVAC: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)
Figure 18. Commercial Refrigeration: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)
Figure 19. Others: Microchannel Heat Exchanger Market – Revenue And Forecast To 2027 (US$ Million)
Figure 20. MEA: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. MEA: Microchannel Heat Exchanger Market Revenue Share, by Type (2019 and 2027)
Figure 22. MEA: Microchannel Heat Exchanger Market Revenue Share, by Application (2019 and 2027)
Figure 23. MEA: Microchannel Heat Exchanger Market Revenue Share, by Key Country (2019 and 2027)
Figure 24. South Africa: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
Figure 25. Saudi Arabia: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. UAE: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. Rest of MEA: Microchannel Heat Exchanger Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- API Heat Transfer Inc.
- Climetal S.L
- Danfoss
- DENSO Corporation
- Hanon Systems
- Kaltra
- Zhejiang Kangsheng Co. Ltd (Kasun)
- MAHLE GmbH
- Modine Manufacturing Company
- Sanhua Holding Group Co., Ltd
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East and Africa Microchannel Heat Exchanger Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.