Modular Chillers Market Analysis | Recent Market Developments | Industry Forecast to 2019-2024

1. Modular Chillers Market worth $3.5 billion by 2024 The report "Modular Chillers Market by Type (Air-Cooled, Water-Cooled), Application (Commercial, Industrial, Residential), and Region (North America, Europe, APAC, the Middle East & Africa, and South America) - Global Forecast to 2024" 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%  View Full Report : https://www.marketsandmarkets.com/Market-Reports/modular-chillers-market-75609903.html

2. Introduction Modular chillers have a compact design, which is ideal for buildings where space is limited. It has control systems, which can be operated from remote places. Also, the biggest advantage of modular chillers is ‘modularity’, which means, operators can shut down any unit when cooling requirements are low and switch on any number of units when the requirement is high. Therefore, the modular chiller operators, can reduce the downtime to zero hours, as it is highly unlikely that all modules malfunction. In addition, modular chillers offers superior expandability, when operators plan infrastructure expansion. The modular chiller system capacity can be increased by adding parallel modules with the currently installed chiller system. These overall advantages of modular chillers have increased their demand. View Full Report : https://www.marketsandmarkets.com/Market-Reports/modular-chillers-market-75609903.html

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4. Recent Developments In May 2019, Frigel Firenze launched new modular chillers; 3FX chillers. These chillers are available in 12 models. Seven models come with screw compressors and the remaining five come with scroll compressors. These chillers cater to industrial applications. In March 2018, Mitsubishi Electric Hydronics & IT Cooling Systems acquired chillers distributor Topclima of Climaveneta in Spain. This acquisition of Topclima helps the company to use the assets efficiently for business development. In January 2018, Ingersoll Rand acquired ICS Group Holdings Ltd (UK), a leading HVAC solution provider in Europe. This acquisition enables the company to cater to a broad range of customers and strengthen its growth in the European market. View Full Report : https://www.marketsandmarkets.com/Market-Reports/modular-chillers-market-75609903.html

5. Key Questions Addressed by the Report What are the upcoming hot bets for the modular chillers market? What are the market dynamics for different types of modular chillers? What are the major applications of modular chillers? Who are the major manufacturers of modular chillers? What are the factors driving the modular chillers market in each region? Request for Sample Report View Full Report : https://www.marketsandmarkets.com/Market-Reports/modular-chillers-market-75609903.html

6. Most active players in the modular chillers market: Carrier Corporation (US), McQuay Air-Conditioning (Hong Kong), Johnson Controls- Hitachi Air Conditioning (Japan), Midea Group (China), Ingersoll Rand (Ireland), Gree Electric Appliances (China), Frigel Firenze (Italy), Mitsubishi Electric Corporation (Japan), Multistack (US), and Haier Group (China) are a few active players in the modular chillers market. Speak with Analyst View Full Report : https://www.marketsandmarkets.com/Market-Reports/modular-chillers-market-75609903.html

7. On The Basis Of Region: APAC is projected to be the fastest-growing modular chillers market 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. Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/modular-chillers-market-75609903.html

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