Press release
Modular Chiller Market Trends, Share, Analysis & Forecast, 2020–2027
Modular Chiller Market
The global modular chiller market size was $2.7 billion in 2019, and is projected to reach $3.7 billion by 2027, registering a CAGR of 6.2% from 2020 to 2027.
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An increase demand for compact, energy efficient, and small heating, ventilation, and air conditioning systems to control room atmosphere is anticipated to stimulate the growth of the modular chiller industry. In addition, increase in construction spending in emerging countries such as India, China, Brazil, and others is anticipated to fuel the growth of the modular chiller market.
Key Market Players
Johnson Controls International Inc, Raytheon Technologies (Carrier Corporation), Ingersoll-Rand Plc (Trane Technologies Plc), Daikin Industries Ltd (McQuay Air-Conditioning Ltd), Mitsubishi Electric Corporation, LG Electronics, Midea Group Co. Ltd, Gree Electric Appliances Inc of Zhuhai, Frigel Firenze S.p.A., and Multistack LLC.
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Key Market Segmentation
By Product Type
Air Cooled Modular Chiller
Water Cooled Modular Chiller
By Capacity
Below 300 Tons
More than 300 Tons
By Application
Residential
Commercial
Industrial
By Region
North America
Europe
Asia-Pacific
LAMEA
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