Microchannel Heat Exchanger Market Growth 2021: Application, Technological
Market Overview The Global Microchannel Heat Exchanger Market is evaluated to grow at a CAGR of 8.7 percent. It is evaluated that the market will expand up to USD 2.3 Billion by the year 2023. There are various factors that are fuelling the market rate, such as rising demand for air ventilation, cooling, refrigerators, etc. The strict laws and regulations by the government to maintain the energy efficiency standards will lead to the development of the market. Due to increasing demand among commercial and residential applications, the market will observe significant growth. The microchannel heat exchanger helps to balance the heat flow among multi-port tubes, fins, and manifolds. It helps for cooling and heating by moving the heat from one fluid to another. A microchannel heat exchanger is used in various industries like the power generation industry, construction industry, and automobile industry. Technological advancements and upgrades have also helped in the ris...