Modular Chillers Market Size, Share, Rising Trends & Industry Analysis

1. Modular Chillers Market 2022: Size, Share, (CAGR 6.0), Top 10 Key Players, SWOT Analysis, Key Indicators and Forecast - 2024 Modular Chillers Market Overview Modular Chillers Market research document which focuses on primary and secondary drivers, market size, share, CAGR, drivers, demand, restraints, leading segments and geographical analysis. The market research report provides major statistics on the market status of global and regional manufacturers with expert review data and forecast. Moreover, analysis by Type (Air-Cooled, Water-Cooled), Application (Commercial, Industrial, Residential), and Region (North America, Europe, APAC, the Middle East & Africa, and South America). The modular chillers market is projected to grow from USD 2.6 billion in 2019 to USD 3.5 billion by 2024, at a CAGR of 6.0% during the forecast period. The growth of the modular chillers can be attributed to the stringent government regulations on energy efficiency and emissions, globally. In addition, the competitive advantages of modular chillers over its substitutes has increased its demand in the HVAC and refrigeration systems. Modular Chillers Market Key Players • • • • • • • • • • Carrier Corporation (US) McQuay Air-Conditioning Ltd., (Hong Kong) Johnson Controls- Hitachi Air Conditioning (Japan) Midea Group (China) Ingersoll Rand (Ireland) Gree Electric Appliances, Inc. (China) Frigel Firenze S.p.A. (Italy) Mitsubishi Electric Corporation (Japan) Multistack, LLC. (US) Haier Group (China). Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=75609903

2. Ingersoll Rand (Ireland) is among the key players in the modular chillers market. It is specialized in the manufacturing of HVAC systems through its established brand ‘Trane’. It has a strong foothold across the North American region, contributing around 70.0% of group’s revenue. Gree Electric Appliances (China) is an international air conditioning company. It has a presence across emerging economies, and thus expected to provide growth opportunities to the company in the near future. Modular Chillers Market Segmentation This research report categorizes the modular chillers market based on type, application, and region. By Type: • • Water-cooled modular chillers Air-cooled modular chillers The water-cooled segment accounted for the larger share in the modular chillers market The water-cooled modular chillers segment dominated the modular chillers market, with a share of more than 70.0% in 2018. The water-cooled modular chillers use water and heat transfer fluids for cooling, making them very efficient compared to the air-cooled modular chillers, which utilize only ambient air for cooling. This has increased its demand in space and process cooling in the commercial and industrial applications. By Application: • Commercial o o o Residential o Industrial o Others Corporate Offices Data Centers Public Buildings • Multifamily and Hospitality • Cold storages •

3. Commercial to be the fastest-growing application segment of the modular chillers market The demand for modular chillers has been gaining momentum in the HVAC industry as it is lighter, efficient, and lowers the required refrigerant volume as compared to other heat exchangers. Modular chillers are widely used in AC systems and heat pumps for efficient heat transfer between refrigerant and air. By Region: • • • • • North America APAC Europe Middle East & Africa South America View Full Report with TOC & List of Figure: https://www.marketsandmarkets.com/Market- Reports/modular-chillers-market-75609903.html APAC is projected to be the fastest-growing modular chillers market APAC is projected to be the fastest-growing market for modular chillers, owing to the presence of highly- populated countries, such as China and India. China, India, Japan, Indonesia, and South Korea are some of the key countries in the modular chillers market in this region. In 2018, China accounted for the largest share of the APAC market, owing to the presence of huge HVAC industries. The growing sales of HVAC systems and their increasing demand from commercial and residential infrastructure in the region boosts the demand for modular chillers. In addition, growing urbanization and population are mainly driving the demand for modular chillers in the HVAC systems. Table of Contents: • • • • • • • • • • • • • • Executive Summary Scope/opportunities of the Modular Chillers Market Report Research Methodology Modular Chillers Market Landscape SWOT Analysis Market Sizing Modular Chillers Market Segmentation Customer Landscape Regional Landscape Business Decision Framework Drivers And Challenges Modular Chillers Market Key Trends Players Landscape Players Analysis

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