Microchannel Heat Exchanger Market worth $20.7 billion by 2024

The report "Microchannel Heat Exchanger Market by Type (Condenser, Evaporator, and Water Coil), Application (Automotive, HVAC, Commercial Refrigeration), and Region (North America, Europe, APAC, South America, and Middle East & Africa) - Global Forecast to 2024" The MCHE market is projected to grow from USD 11.3 billion in 2019 to USD 20.7 billion by 2024, at a CAGR of 13.0% during the forecast period. The growth of the MCHE can be attributed to the stringent government regulations on energy efficiency and emissions. In addition, the advantages of MCHE over fin & tube heat exchanger has increased its demand in HVAC and refrigeration systems.