The microchannel heat exchanger (MCHE) is defined as multi-pass parallel-flow heat exchangers that comprise three parts. These parts are manifolds, multi-port tubes with less than 1 mm hydraulic diameter, and fins. These devices can heat or cool fluids by transferring heat between two or more fluids. As per Market Research Future’s (MRFR’s) analysis, the global microchannel heat exchanger market can witness a remarkable expansion for this market at 8.72% CAGR between 2017 and 2024. By value, the market can be worth the USD 2,343.8 mn by the end of the forecast period.
The most influential factor elevating the global microchannel heat exchanger market growth is a growing demand for MCHE manufacturing sector, residential sector, and commercial sector. These sectors are growing due to the increase in commercialization and urbanization. The second factor for market growth includes growth in the construction sector and manufacturing industry.
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