Global Microchannel Heat Exchangers Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 16, 2021--
The “Microchannel Heat Exchangers - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Microchannel Heat Exchangers estimated at US$12.5 Million in the year 2020, is projected to reach a revised size of US$28 Million by 2027, growing at a CAGR of 12.2% over the analysis period 2020-2027.
Condenser, one of the segments analyzed in the report, is projected to record a 11.7% CAGR and reach US$12.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Evaporator segment is readjusted to a revised 12% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.7 Million, While China is Forecast to Grow at 11.8% CAGR
The Microchannel Heat Exchangers market in the U.S. is estimated at US$3.7 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$4.9 Million by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.7% and 10.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.
Water Coil Segment to Record 13.5% CAGR
In the global Water Coil segment, USA, Canada, Japan, China and Europe will drive the 13.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.2 Million in the year 2020 will reach a projected size of US$5.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Million by the year 2027.
Select Competitors (Total 35 Featured):
- API Heat Transfer
- Denso Corporation
- Hanon Systems
- Kangsheng Group
- Mahle Gmbh
- Modine Manufacturing Company
- Sanhua Holding Group
- Zhejiang Kangsheng Co. Ltd (Kasun)
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/onjjtp
View source version on businesswire.com:https://www.businesswire.com/news/home/20210716005346/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 07/16/2021 10:47 AM/DISC: 07/16/2021 10:47 AM