The global modular chillers market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). The speeding up of the use of energy-efficient systems is one of the prime factors driving the market. The demand associated with energy-efficient systems had been increased due to the consumption of electricity in an efficient manner and supporting reducing the electricity bills. Additionally, energy-efficient systems support decreasing greenhouse gas emissions along with reducing demand for energy imports which is, in turn, is driving the growth of the market.
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The key players present in the global modular chillers market had been adopting various strategies that include new launches to gain major market share. For instance, in March 2021, one of the companies named Mitsubishi Electric Corp. had introduced its R32 version of its e-series chillers, which will be provided in 2 units that includes 150kW along with 180kW units. This new modular chiller would be offered in cooling and heat pump variations with a five-year warranty given by the company.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Type
· By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape- Carrier Global Corp., DAIKIN INDUSTRIES, Ltd., JOHNSON CONTROLS – HITACHI AIR CONDITIONING, Midea and Mitsubishi Electric Corp.
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Global Modular Chillers Market
By Type
• Water-Cooled
• Air-Cooled
By Application
• Residential
• Commercial
• Industrial
Global Modular Chillers Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
· American Chillers
· Aggreko plc
· Berg Chilling Systems Inc.
· Carrier Global Corp.
· ClimaCool Corp.
· DAIKIN INDUSTRIES, Ltd.
· FRIGEL FIRENZE S.p.A.
· General Air Products, Inc.
· Gree
· Haier A/C
· JOHNSON CONTROLS – HITACHI AIR CONDITIONING
· LG Electronics
· Midea
· Mitsubishi Electric Corp.
· Multistack, LLC.
· NANJING TICA CLIMATE SOLUTIONS CO.,LTD.
· Trane Technologies Co., LLC
· Whaley Products, Inc.
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