This report on the global Modular Chillers market from Reports and Data provides a comprehensive analysis of the current and emerging market trends along with key industry developments to assist users, readers and investors in understanding market scenarios fully. The global modular chillers market size was USD 4 Billion in 2022 and is expected to reach a value of USD 6.76 Billion in 2032 and register a revenue CAGR of 6% during the forecast period. The report offers in-depth information about market share, market revenue growth, market size, drivers, restraints, growth opportunities, limitations, top companies and market segmentation. A thorough primary and secondary research was conducted to formulate the report, and the data was verified by experts and experts in the field. Diagrams, graphs, tables, figures, and other pictorial presentations were used to present the data in a professional manner.
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Market Overview:
Market revenue growth is being driven by rising demand for energy-efficient cooling solutions. Modular chillers are more efficient and have lower operating expenses than traditional cooling systems.
Over the past few years, the manufacturing and construction industry has steadily expanded in terms of revenue, and during the forecast period, 2021-2028, it is expected to grow at a robust rate. A number of factors have contributed to this, including rapid growth in the construction and building industries, rapid industrialization and urbanization across the globe, and technological advancements in manufacturing. Due to growing awareness of environmental impact and carbon emissions in recent years, green construction and energy efficient buildings have become increasingly popular. The global market is expected to grow during the forecast period due to factors such as a rapidly growing global population, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovations and reconstructions worldwide, and an increase in eco-friendly construction activities. Other factors expected to boost global market growth include rising disposable income, government schemes, and private investments to support manufacturing and construction industries.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, R&D investments, and joint ventures to gain robust footing in the market. Some of the major key companies operating in the global Modular Chillers Market Report include
- Carrier Corporation
- Daikin Industries, Ltd.
- Johnson Controls International plc
- Trane Technologies plc
- Johnson Controls–Hitachi Air Conditioning
- LG Electronics
- Mitsubishi Electric Corporation.
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Modular Chillers Market Segmentation:
By Type Outlook:
- Air-Cooled
- Water-Cooled
By Capacity Outlook:
- Less than 50 Tons
- 50-100 Tons
- Above 100 Tons
By End-Use Outlook:
- Commercial
- Industrial
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Modular Chillers Market, Modular Chillers
