Modular Chillers Market Statistics, Size, Share & Review

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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).
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• 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 groups 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
• Corporate Offices
• Data Centers
• Public Buildings

• Residential
• Industrial
• o Cold storages
• Others

o Multifamily and Hospitality
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• 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

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