Modular Chillers Market Report: Trends, Forecast and Competitive Analysis to 2030

Modular Chillers Trends and Forecast

The future of the global modular chillers market looks promising with opportunities in the commercial, residential, and industrial markets. The global modular chillers market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are rising awareness of environmental degradation led to the growing demand for energy-efficient structures, worldwide tax refunds and financial assistance provided by governments to promote the adoption of energy-saving technologies, as well as, global auto sales are increasing.

A more than 150-page report is developed to help in your business decisions.

Modular Chillers by Segment

The study includes a forecast for the global modular chillers by product, application, and region.

Modular Chillers Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Water-Cooled
• Air-Cooled

Modular Chillers Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Residential
• Industrial
• Others

Modular Chillers Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Modular Chillers Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies modular chillers companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the modular chillers companies profiled in this report include-

• Trane Technologies
• GREE ELECTRIC APPLIANCES
• Carrier
• FRIGEL FIRENZE
• Midea
• Multistack International
• Daikin
• Johnson Controls
• Haier Group
• Mitsubishi Electric

Modular Chillers Market Insights

Lucintel forecasts that water-cooled will remain the larger segment over the forecast period due to the necessity of vital maintenance, such as water purification, mechanical tower upkeep, freeze prevention, and chiller condenser-tube cleaning.

APAC will remain the largest region over the forecast period due to growing populations, fast urbanization, and rising per capita income in the region.

Features of the Global Modular Chillers Market

Market Size Estimates: Modular chillers market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Modular chillers market size by product, application, and region in terms of value ($B).

Regional Analysis: Modular chillers market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the modular chillers market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the modular chillers market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the modular chillers market size?

Answer: The global modular chillers market is expected to reach an estimated $3.6 billion by 2030.

Q2. What is the growth forecast for modular chillers market?

Answer: The global modular chillers market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the modular chillers market?

Answer: The major drivers for this market are rising awareness of environmental degradation led to the growing demand for energy-efficient structures, worldwide tax refunds and financial assistance provided by governments to promote the adoption of energy-saving technologies, as well as, global auto sales are increasing.

Q4. What are the major segments for modular chillers market?

Answer: The future of the global modular chillers market looks promising with opportunities in the commercial, residential, and industrial markets.

Q5. Who are the key modular chillers market companies?

Answer: Some of the key modular chillers companies are as follows:

• Trane Technologies
• GREE ELECTRIC APPLIANCES
• Carrier
• FRIGEL FIRENZE
• Midea
• Multistack International
• Daikin
• Johnson Controls
• Haier Group
• Mitsubishi Electric

Q6. Which modular chillers market segment will be the largest in future?

Answer: Lucintel forecasts that water-cooled will remain the larger segment over the forecast period due to the necessity of vital maintenance, such as water purification, mechanical tower upkeep, freeze prevention, and chiller condenser-tube cleaning.

Q7. In modular chillers market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing populations, fast urbanization, and rising per capita income in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the modular chillers market by product (water-cooled and air-cooled), application (commercial, residential, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?