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Global Microchannel Heat Exchanger Market Forecast to 2027 – COVID-19 Impact and Analysis

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DUBLIN, Nov. 26, 2020 /PRNewswire/ — The “Microchannel Heat Exchanger Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Type and Application” report has been added to ResearchAndMarkets.com’s offering.

According to this report the market was valued at US$ 7,794.93 million in 2019 and is projected to reach US$ 19,630.87 million by 2027; it is expected to grow at a CAGR of 12.4% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Micro heat exchangers or microstructured heat exchangers are heat exchangers in which the fluid flows in lateral confinements with dimensions below 1 mm. 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 turbine 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 improves the process technology and is used in household air conditioning and automotive air conditioning systems.

In automotive applications, heat exchangers are used for transferring heat from hot exhaust gas to the coolant fluid to increase the temperature of the coolant. Furthermore, the ability to efficiently transfer heat between fluids using lightweight, compact heat exchangers is important in a variety of applications, such as automotive radiators, air conditioning, and aerospace applications. Microchannel heat exchangers are well suited to these applications due to the compactness, lightness, and high heat transfer performance of the microchannel. Microchannel Heat Exchanger is a well-proven technology, which has been widely used in the automotive industry for 20 years due to its efficiency, economy, recyclability, and lightness. Microchannel aluminum heat exchangers are used in the automotive industry due to their energy efficiency. Heat exchanger manufacturing companies are investing in research and development to develop energy-efficient heat exchangers. Vendors are actively researching the use of thermoelectric technology for the recovery of lost heat energy. Research is ongoing on the TE waste heat energy recovery method for the application of internal combustion engines in the automotive sector. TEG framework for automotive waste heat recovery systems would also be implemented.

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. are among the well-established players in the global microchannel heat exchanger market.

Impact of COVID-19 Pandemic on Microchannel Heat Exchanger Market

The COVID-19 outbreak first began in Wuhan, China, in December 2019, and since then, it has spread at a fast pace worldwide. As of October 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the major industries suffering facing serious disruptions such as office and factory shutdown and supply chain breaks, as a result of this outbreak.

Reasons to Buy

  • Highlights key business priorities to assist companies realign their business strategies.
  • Features key findings and crucial progressive industry trends in the global microchannel heat exchanger market, thereby allowing players to develop effective long-term strategies.
  • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
  • Scrutinizes in-depth market trends as well as key market drivers and restraints.
  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Microchannel Heat Exchanger Market, by Type
1.3.2 Microchannel Heat Exchanger Market, by Application
1.3.3 Microchannel Heat Exchanger Market, by Geography

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 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
4.4 Ecosystem Analysis

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 – Global Market Analysis
6.1 Microchannel Heat Exchanger Market Overview
6.2 Microchannel Heat Exchanger Market -Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players

7. Microchannel Heat Exchanger Market Analysis – By Type
7.1 Overview
7.2 Microchannel heat exchanger Market, By Type (2019 and 2027)
7.3 Condenser
7.3.1 Overview
7.3.2 Condenser: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Evaporator
7.4.1 Overview
7.4.2 Evaporator: Microchannel Heat Exchanger Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Water Coil
7.5.1 Overview
7.5.2 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 – Geographic Analysis
9.1 Overview
9.2 North America: Microchannel Heat Exchanger Market
9.3 Europe: Microchannel Heat Exchanger Market
9.4 APAC: Microchannel Heat Exchanger Market
9.5 MEA: Microchannel Heat Exchanger Market
9.6 SAM: Microchannel Heat Exchanger Market

10. Impact of Covid-19 Pandemic on Global Microchannel Heat Exchanger Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact assessment of COVID-19 Pandemic
10.6 South America: Impact assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Product News
11.2 Mergers and Acquisitions

12. Company Profiles
12.1 API HEAT TRANSFER
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 CLIMETAL S.L.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Key Developments
12.2.5 Financial Overview
12.2.6 SWOT Analysis
12.3 DANFOSS
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 DENSO CORPORATION
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Key Developments
12.4.5 Financial Overview
12.4.6 SWOT Analysis
12.5 HANON SYSTEM
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Key Developments
12.5.5 Financial Overview
12.5.6 SWOT Analysis
12.6 KALTRA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 ZHEJIANG KANGSHENG CO. LTD (KASUN)
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 MAHLE GMBH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Key Developments
12.8.5 Financial Overview
12.8.6 SWOT Analysis
12.9 MODINE MANUFACTURING COMPANY
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Key Developments
12.9.5 Financial Overview
12.9.6 SWOT Analysis
12.10 SANHUA HOLDING GROUP
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Key Developments
12.10.5 Financial Overview
12.10.6 SWOT Analysis

13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms

For more information about this report visit https://www.researchandmarkets.com/r/6g6c5n

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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Source: https://www.prnewswire.com:443/news-releases/global-microchannel-heat-exchanger-market-forecast-to-2027—covid-19-impact-and-analysis-301180978.html

Energy

Product roundup: Enphase, Panasonic, Con Edison, startups, and more

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Check out this week’s list of some of the newest announcements related to clean energy products.

This year kicked off with a slew of new clean energy products, and over the past week, the announcements kept on coming. To stay up to date on what’s new, check out this latest product roundup:

ConnectDER meter device

New York City-based utility Con Edison is offering, free of charge, a device that can save upwards of $1,000 for a residential customer installing a new solar array. The Smart ConnectDER, built by project partner ConnectDER, allows the customer to avoid the cost of upgrading the circuit breaker panel. It also eliminates the need for excessive electrical boxes on the side of the home.

The Smart ConnectDER is an adapter that uses the electric meter socket as a point of interconnection for solar power. It fits on most electric meters and works for solar arrays up to 15 kW. Con Edison provided 300 Smart ConnectDERs to customers during a 2019 pilot program and has received state funding to provide an additional 2,400 units. The utility said it plans to continue the program even after reaching that target. More info available here.

Separately, Virginia-based ConnectDER announced it received a U.S. patent for “innovations” to its products. More info available here.

e-Zinc raises cash to commercialize energy storage tech

e-Zinc, a Toronto-based startup, raised C$2.3 million ($1.8 million) in a closed round led by BDC Capital’s Cleantech Practice to help accelerate commercialization of the tech company’s long-duration energy storage solution.

According to e-Zinc, it developed a grid-scale solution that stores energy in physically free zinc metal, scales energy capacity at a fraction of the cost of lithium-ion batteries, and enables economical energy delivery over a period of multiple days. This latest financing adds to other equity rounds and government grants. The company plans to launch a pilot project in Ontario in May and has set its sights on entering the U.S. market. More info available here.

Panasonic expands products and installer program

Panasonic Corp. of North America recently promoted 13 installers across the U.S. to the Elite and Premium tiers of its Residential Solar Installer Program. Installers and homeowners will not only gain access to the Panasonic Solar Modules portfolio, but also receive access to the new high-efficiency Panasonic Solar EverVolt Modules, available beginning in February.

Homeowners in Arizona, Texas, Florida, Iowa, and Indiana will be able to access Panasonic’s solar products from seven Elite Level installers, who will be the first in Panasonic’s network to gain access to new products and rebates. Six additional installers in Florida, Texas, and New Mexico will also offer homeowners Panasonic’s benefits as new Premium Level installers. More info available here.

Enphase solar+storage product compatibility

California-based Enphase Energy said that its Enphase Storage systems are now compatible with Enphase M215 and M250 microinverter-based solar systems. According to the company, the expanded compatibility provides approximately 300,000 additional Enphase system owners with the possibility of achieving grid-agnostic energy resilience through the Enphase Upgrade Program.

Similarly, this new combo of solar and storage products, as well as previous compatibility with IQ 6 and IQ 7 microinverter-based systems, now allows U.S. installers to approach and offer storage upgrades to nearly the vast majority of Enphase homeowners nationwide. More info available here.

NeoVolta spreads storage distribution network

NeoVolta, a San Diego-based manufacturer of residential energy storage systems, has expanded its distribution network into Utah, adding to California, Nevada, and Arizona. Under a three-year agreement, PMP Energy is able to secure specific geographic exclusivities for distribution, in exchange for making minimum purchases of up to $15 million.

According to NeoVolta, its NV14 product features a storage capacity of 14.4 kWh and 7.7 kW of continuous power discharge. That capacity can be scaled up to 24 kWh with the optional NV24 add-on battery, without the expense of an additional inverter. NeoVolta systems are engineered with lithium iron phosphate chemistry. More info available here.

Rhombus nets certifications for EV remote charging dispenser

Rhombus Energy Solutions has landed certification by Underwriters Laboratory (UL) and the Consumer Electronics Testing and Certification Services Group (CSA) for its RES-D2-CS20 electric vehicle (EV) charging dispenser. The product is compatible with Rhombus’s UL-certified 60 kW and 125 kW power conditioning systems (PCS) for high-power EV charging of medium- and heavy-duty fleets.

Combined with the UL 1741-SA certification of Rhombus’ AC to DC PCS units, these certifications allow Rhombus solutions to be used in both unidirectional and bi-directional vehicle-to-grid applications, meaning fleet operators could use their EVs as a source of energy storage. More info available here.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/22/product-roundup-enphase-panasonic-con-edison-startups-and-more/

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Virginia aims to make installing energy storage easier

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The state is under a crunch to build out 3.1 GW of storage by 2035, but bills meant to remove lengthy regulatory approvals and ease the procurement of local permits are looking to alleviate the pressure.

Over the last two years, Virginia has made significant legislative strides in promoting the development of renewable resources, all in pursuit of achieving 100% clean energy by 2050, adding 16 GW of solar and onshore wind, building 3 GW of energy storage, and closing the state’s coal power plants by 2024.

In 2020, legislators changed state laws to allow solar and wind projects to be developed more smoothly and swiftly. Initially devised for smaller-scale wind projects and later extended to solar, Virginia’s permit by rule (PBR) program allows renewable generation projects under a certain threshold – 150 MW for now – to eschew the approval process overseen by the State Corporation Commission, which can be a lengthy affair.

This year, lawmakers are looking to do the same for energy storage.

Enter House Bill 2148, a measure introduced by State Delegate Rodney Willett, a Democrat from Henrico County. The bill looks to extend this same regulatory review avoidance to energy storage facilities and hybrid renewable + storage projects that meet similar parameters.

Willett has described the bill as the logical next step toward achieving the state’s clean economy goals and critical if Virginia hopes to get an unprecedented 3.1 GW of storage onto the grid by 2035.

And while projects still have a number of steps along development that can slow down or stall them, PBR has proven to be an effective policy for Virginia in recent history. More than 70 project developers filed notices of intent to apply for the program in 2020.

HB 2148 is not the only bill in the works in Virginia to make rolling out storage projects easier. One of the biggest headaches for developing solar in the state has been getting permits for projects (just ask the Spotsylvania developers).

This has been so historically difficult because, prior to 2020, renewable generation projects had certain state tax exemptions. Because of this, rural residents and legislators felt that they were being taken advantage of, as these projects would take up large swaths of land, provide little local revenue, and have the generation used outside of the local community.

This issue was partially remedied in 2020, when laws were passed that caused the tax exemptions to decrease over time, or local governments could instead opt for a revenue-sharing system where a $1,400/MW fee could be imposed on the project.

State Delegate Stephen Heretick, a Democrat from Portsmouth County, has introduced House Bill 2006, which would extend these same measures to energy storage projects.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/22/virginia-aims-to-make-installing-energy-storage-easier/

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Entergy Arkansas solar program slated to save $60m for local schools, other customers

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“From October to November, our energy bill went down by $2,700,” said Robby Lowe, superintendent of the Junction City School District.

Entergy Arkansas customers who joined the utility’s Solar Energy Purchase Option B program in fall 2020 have already begun to reap savings from the clean power generated at the 81 MW Stuttgart Solar Energy Center.

According to Entergy Arkansas, participating agencies are projected to save about $60 million over the lifetime of the solar facility.

Of the 61 subscribed customers, 26 are schools, which will save an estimated $39 million over the next 18 years. The remaining subscribed entities – including cities and counties, water treatment plants, churches, and nonprofits – will save nearly $21 million.

“From October to November, our energy bill went down by $2,700,” said Robby Lowe, superintendent of the Junction City School District.

The Jessieville School District is expected to save over $50,000 annually. Superintendent Melissa Speers said that extra money can now go toward more efforts to support students, including anything “from better science labs to more field trips.”

Owned and operated by NextEra, Stuttgart Solar came online in 2018 and is contracted exclusively to Entergy Arkansas. It was the first of three approved Entergy Arkansas solar facilities.

Half of the 81 MW project’s power is dedicated to tax-exempt subscribers under the Solar Energy Purchase Option program. The solar tariff was approved by the Arkansas Public Service Commission (PSC) in mid-September 2020, and customers were enrolled on a first-come, first-served basis.

Entergy Arkansas noted that all available energy is currently under contract, with more than 60 entities enrolled and at least that many on the waiting list for any future Solar Energy Purchase Options the PSC might authorize.

By participating in this program, customers are expected to save between 18% and 28% on their electricity costs, while still helping to support grid maintenance and lowering the cost shift incurred by all other customers without solar systems.

Michael Considine, Entergy Arkansas’ vice president of customer service, said this program is “especially helpful to tax-exempt customers who already have tight budgets.”

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/22/entergy-arkansas-solar-program-slated-to-save-60m-for-local-schools-other-customers/

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Tampa Electric doubles its solar-powered homes goal

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The utility plans to power the equivalent of 200,000 homes with solar energy by 2023, and retire a coal plant 18 years ahead of schedule.

Tampa Electric achieved commercial operation on its tenth utility-scale  solar project, the 60 MW Durrance Solar project, located in Polk County, Florida.

By bringing that project live earlier this month, Tampa Electric now has enough solar capacity to power 100,000 homes, a benchmark that the utility had previously set as a procurement goal. Now, the utility has set a new goal of having enough solar capacity on-line by 2023 to power 200,000 homes.

Alongside doubling its solar reach in just two years, the utility is also looking to retire a coal unit, Big Bend Unit 3, in 2023, nearly two decades before the unit’s scheduled retirement. The move is seen as a money saving one as well as an environmentally-conscious decision, as continuing the unit’s operation past 2023 would require significant capital investments for improvements, a financial burden the utility has deemed unfair to ratepayers.

Big Bend 3 also marks the second Big Bend unit that is retiring. In November, Unit 2 will retire as part of the $850 million Big Bend Modernization project, an undertaking that will renovate the remaining Big Bend units to include combined-cycle natural gas units, capable of producing 1,090 MW of electricity.

Back on the solar side of things, the work to get to 200,000 is under way. Tampa Electric has begun construction on the next wave of 600 MW of solar, all of which will reach commercial operation by the end of 2023. Four projects with a combined capacity of 225 MW are scheduled to be completed by the end of 2021. When the entire 600 MW tranche is complete, Tampa Electric will have enough solar energy to reach its 200,000-homes goal.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/22/tampa-electric-doubles-its-solar-powered-homes-goal/

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