Modular Chillers Market Size And Forecast
The Global Modular Chillers Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Modular Chillers Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Modular Chillers Market was valued at USD 2.47 Billion in 2019 and is projected to reach USD 3.75 Billion by 2027, growing at a CAGR of 5.3% from 2020 to 2027.
What is Modular Chillers?
The Chillers are the machine that serves the purpose of heat removal from the liquid through the principle of vapor compression. Modular Chillers are the autonomous unit designed to meet the high cooling capabilities with high reliability. This system is arranged in the parallel or cascading connections to enhance the refrigeration capacity and control by the central control system. It extensively finds its application in the commercial, residential, and industrial cooling systems.
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Global Modular Chillers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
With the increasing adaption of the modular chillers in commercial applications and the increasing growth of commercial construction is the driving factor of market growth. In addition, the introduction of government standards to increase fuel efficiency is another factor contributing to the market growth. Moreover, the benefit associated with the modular chillers over the conventional one is imposing a positive impact on market growth. However, the high initial capital cost is expected to hamper the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Modular Chillers Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Modular Chillers Market Competitive Landscape
The “Global Modular Chillers Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Mitsubishi Electric Corporation, Gree Electric Appliances, Johnson Controls- Hitachi Air Conditioning, McQuay Air-Conditioning, Carrier Corporation, Midea Group, Ingersoll Rand, Frigel Firenze, Multistack, and Haier Group. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Modular Chillers Market, By Type
• Air-Cooled Modular Chillers
• Water-Cooled Modular Chillers
Modular Chillers Market, By Application
• Industrial
o Cold storages
• Commercial
o Public Buildings
o Data Centers
o Corporate Offices
• Residential
o Multifamily and Hospitality
• Others
Modular Chillers Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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