Global Modular Chiller Market Is Expected to Reach $3.69 Million by 2027: Says AMR

Rise in awareness regarding greenhouse gas emission, development in commercial construction sector, and surge in demand for HVAC solutions drive the growth of the global modular chiller market. Based on capacity, the more than 300 tons segment held the largest share in 2019. Based on region, on the other hand, the market across Asia-Pacific would remain lucrative by 2027.


Portland,OR, March 02, 2021 (GLOBE NEWSWIRE) --

According to the report published by Allied Market Research, the global modular chiller market was pegged at $2.66 billion in 2019, and is anticipated to reach $3.69 billion by 2027, registering a CAGR of 6.2% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Rise in awareness regarding greenhouse gas emission, development in commercial construction sector, and surge in demand for HVAC solutions drive the growth of the global modular chiller market. On the other hand, high initial investment, setup cost, and fluctuations in raw material prices restrain the growth to some extent. Nevertheless, stringent government regulations are expected to create lucrative opportunities for the key players in the coming years.

Download Sample PDF (205 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/9787

Covid-19 scenario-

  • The extended lockdown in the initial stage of the pandemic led to distorted manufacturing activities and halted construction courses, thereby impacting the global modular chiller market.
  • However, the existing regulations are being slackened off by several government bodies and the market is expected to retrieve very soon. 

The global modular chiller market is analyzed across product type, capacity, application, and region. Based on capacity, the more than 300 tons segment accounted for around two-thirds of the total market share in 2019, and is anticipated to lead the trail by the end of 2027. Simultaneously, the below 300 tons segment would grow at the fastest CAGR of 6.8% from 2020 to 2027.

Get detailed COVID-19 impact analysis on the Modular Chiller Market Request Here

Based on application, the commercial segment contributed to more than half of the total market revenue in 2019, and is expected to rule the roost by 2027. The same segment would also exhibit the fastest CAGR of 6.5% throughout the forecast period.

Based on geography, Asia-Pacific held the major share in 2019, generating nearly half of the global market. The same region would also showcase the fastest CAGR of 6.8% from 2020 to 2027. The other provinces covered in the report include North America, Europe, and LAMEA.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/9787

Leading Players :

The key market players analyzed in the global modular chiller report include Raytheon Technologies (Carrier Corporation), Multistack LLC., Ingersoll-Rand Plc (Trane Technologies Plc), Daikin Industries Ltd (McQuay Air-Conditioning Ltd), Mitsubishi Electric Corporation, Johnson Controls International Inc,  LG Electronics, Midea Group Co. Ltd, Gree Electric Appliances Inc of Zhuhai, and Frigel Firenze S.p.A. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more informationhttps://www.alliedmarketresearch.com/library-access

Similar Reports:

Water Chillers Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

Industrial Air Chiller Market - Global opportunity analysis and industry forecast, 2020-2027

Portable Evaporative Air Cooler Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Railway Air Conditioning System Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Split Air Conditioning Market - Opportunity Analysis and Industry Forecast, 2020–2027

Thermoelectric Coolers Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Adiabatic Cooler Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

 

Coordonnées