Press release
Europe and South East Asia Modular Chiller Market 2022 Garner Considerable Growth at a Higher CAGR During the Study Period to 2027
Astute Analytica has released new research on the worldwide Europe and South East Asia Modular Chiller Market that provides a thorough explanation of a number of market analysis techniques, including SWOT analysis and five-point analysis. The market report also includes an in-depth analysis of several growth plans and initiatives to broaden the business's horizons on a regional and international scale. It gives readers a thorough explanation of all the market difficulties and development prospects related to the industry.Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Europe and South East Asia Modular Chiller Market size was US$ 529.2 million in 2021 and forecast to grow to US$ 724.0 million by 2030 by registering a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2027.
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Regional Analysis:
North America is expected to grow at a moderate rate, closely followed by Europe due to the well-developed infrastructure of these regions. Furthermore, the presence of various safety standards such as quiet operation, low emission, and others will contribute to the growth of the market.
The presence of developing economies such as India, China, etc., will drive the market forward. It is majorly attributable to the growing urbanization and industrialization in the region. Further, the availability of cheap labor and raw materials has increased factory setup in the region. According to Invest India, the Parliament passed a bill with the aim to develop National Bank for Financing Infrastructure and Development (NaBFID) in order to invest in infrastructure projects in the country. Moreover, the same source estimates that infrastructure activities held a 13% share of the total FDI inflows of US$ 81.72 billion in In FY21.
COVID-19 Impact
Following the coronavirus pandemic, the market experienced a sharp decline in terms of revenue. The COVID-19 pandemic forced the imposition of a lockdown to reduce infection among the population across countries. Moreover, manufacturing companies rely heavily on the supply of raw materials and components from other countries around the world, which was halted during the pandemic. Thus, the negatively affected the industry.
Major Key Players in the Europe and South East Asia Modular Chiller Market are:
1st Cooling Inc.
AEC Inc.
Carrier Corporation
ClimaCool Corp.
Croll Reynolds
Delta T Systems
Frigel
Gree Electric Appliances Inc
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Europe and South East Asia Modular Chiller Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Product Type
Water-Cooled
301kW
Air-Cooled
301kW
By Demand
New Market
Replacement Market
By Application
Commercial
Data Centers
Corporate Offices
Public Buildings
Mercantile & Service
Healthcare
Others
Industrial
Chemical
Food & Beverage
Metal Manufacturing & Machining
Medical & Pharmaceutical
Plastics
Others
Residential
Multistorey
Bungalows/ Villas
By Region
Europe
The UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
South East Asia
Indonesia
Thailand
Singapore
Malaysia
Philippines
Vietnam
Myanmar
Rest of SEA
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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