PUBLISHER: Grand View Research | PRODUCT CODE: 1813876
PUBLISHER: Grand View Research | PRODUCT CODE: 1813876
The global modular chillers market size was estimated at USD 3,247.5 million in 2024 and is projected to reach USD 5,280.8 million by 2033, growing at a CAGR of 5.5% from 2025 to 2033. The growing demand for energy-efficient buildings, driven by increasing awareness of environmental degradation and strict government regulations, is expected to boost the market growth.
Rising recognition of the benefits of energy-efficient systems and the negative impacts of fossil fuel use, along with advancements in energy-saving technologies, will support product adoption. The development of privately-owned construction firms in the UAE, India, and China is anticipated to augment the spending in the construction industry over the forecast period. According to IBEF, India's real estate sector is projected to grow significantly, reaching a market size of USD 1 trillion by 2030, up from USD 200 billion in 2021. This expansion is expected to contribute around 13% to the country's GDP, driven by urbanization, infrastructure development, and increased housing and commercial demand.
Global Modular Chillers Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global modular chillers market report based on modular capacity, application, and region: