Modular Chiller Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Modular chiller is used to cool the brine and water and to dehumidify the air in industrial processes and buildings. Modular chillers are capable of this cooling using the evaporator and also has an installed internal or remote condenser with appropriate controls. The condenser in the modular chillers can be of two types as water-cooled or air-cooled condenser. The modular chillers have gained increasing popularity due to its wide range of applications from space cooling to process purposes.

MARKET DYNAMICS

The modular chiller market is estimated to grow in the forecast period owing to the increasing demand from the developing countries. Increasing demand for chilled & frozen food and pharmaceutical industries coupled with rising demand for low GWP refrigerants has boosted the growth of the modular chiller market. However, the stringent regulations to limit the use of fluorocarbon refrigerants might restrict the growth of the modular chiller market. On the other hand, the rising demand for low viscosity and high-quality modular chiller is likely to showcase growth opportunities for the modular chiller market during the forecast period.

MARKET SCOPE

The "Global Modular Chiller Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of modular chiller market with detailed market segmentation by type, demand, application and geography. The global modular chiller market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading modular chiller market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global modular chiller market is segmented on the basis of type, demand and application. Based on type, the market is segmented as water-cooled and air-cooled. On the basis of demand, the market is segmented new market and replacement market. On the basis of application, the market is segmented as residential, commercial, industrial and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global modular chiller market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The modular chiller market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting modular chiller market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the modular chiller market in these regions.

MARKET PLAYERS

The reports cover key developments in the modular chiller market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from modular chiller market are anticipated to lucrative growth opportunities in the future with the rising demand for modular chiller in the global market. Below mentioned is the list of few companies engaged in the modular chiller market.

The report also includes the profiles of key modular chiller companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• Carrier Corporation
• FRIGEL FIRENZE S.p.A.
• Gree
• Haier Inc.
• ngersoll-Rand (India) Ltd.
• Johnson Controls-Hitachi Air Conditioning
• LG Electronics
• MCQUAY AIR-CONDITIONING LTD.
• Midea Retail (PTY) Ltd.
• Multistack, LLC.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Modular Chiller Report Scope