The global modular chillers market forecast 2020-2027 report provides comprehensive coverage of the market through market segments, in-depth regional level analysis, and identifies the key drivers, restraints, growth opportunities, and competitive scenarios in the market. The modular chillers market report offers extensive insight and analysis of the market over the next six years (2020-2027) and evaluates the impact of the COVID-19 outbreak on the industry.

Global Modular Chillers Market Overview

The significant factors contributing to the growth of the global modular chillers market size include the remarkable benefits offered by the modular chiller over its substitute, increasing number of commercial construction projects, and the growing number of stringent government regulations about energy efficiency. The modular chiller enables the operator to turn off and on any unit of the modular chiller as per the changing requirements. All these functions make the modular chillers suitable for numerous applications in the residential, commercial, and industrial sectors. On the other edge, the high installation cost of modular chillers is likely to hamper the growth of the global modular chillers market.

The global modular chillers market will have an adverse impact by the slowdown in the commercial and residential construction sector due to the widespread COVID-19 pandemic, especially in 2020. This factor is largely impacting the sales of the modular chillers. The disruption in the supply chain of the raw materials of modular chiller from China is affecting the production of these chillers. Thus, the market is experiencing a sharp fall in 2020, however the market is expected to bounce back in 2021 while growing at a significant rate from 2022 onwards.

Global Modular Chillers Market Competitive Rivalry

The modular chillers market report includes an analysis of the competitive landscape present in the global modular chillers market. It includes an assessment of the existing and upcoming trends that players can invest in. The leading players in the global modular chillers market are Frigel Firenze S.p.A., Midea, Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A., Johnson Controls., Multistack LLC., Carrier, Gree Electric Appliances Inc., ClimaCool Corporation, Ingersoll-Rand Inc., and Armec, among others.

Global Modular Chillers Market Segmentation

On the basis of type, the modular chillers market report represents the market share, revenue, and growth rate of each type, which is further divided into

• Water-Cooled
• Air-Cooled

On the basis of application, the modular chillers market report studies the market share, revenue, and growth rate of each application, which is further divided into

• Commercial
• Residential
• Industrial

Geographic Segmentation

The modular chillers market report splits the market into North America, Europe, Asia Pacific, and the Rest of the World, with revenue, market share, and growth rate of all of these regions, from 2020-2027:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

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