Modular Chiller Market Size, Share & Industry Analysis, By Type (Air-cooled modular chiller, Water-cooled modular chiller), By Application (Industrial, Commercial, Residential) and Regional Forecasts, 2020-2029 (Includes COVID-19 Business Impact)

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Trusted Business Insights presents an updated and Latest Study on Modular Chiller Market. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Modular Chiller Market during the forecast period.
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

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This report focuses on the Modular Chiller market and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Modular Chiller market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America.

Global Modular Chiller Market: Segment Analysis

The research report includes specific segments by region (country), by Company, by Type, and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2029. An in-depth analysis of the segments assists in identifying the different factors that will aid market growth.

Global Modular Chiller Market: Regional Analysis

The research report includes a detailed study of regions of North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America. The report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. Researchers have studied the data of revenue, sales, and manufacturers of each mentioned region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2029.

Global Modular Chiller Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2019 to 2029.

List of Key Companies Profiled in the Report are:

  • Mitsubishi Electric Corporation (Tokyo, Japan)
  • Trane (Dublin, Ireland)
  • Carrier Corporation (Florida, U.S.)
  • LG Electronics (Seoul, Korea)
  • Daikin Industries, Ltd. (Osaka, Japan)
  • Nanjing tica climate solutions co., ltd (Nanjing, China)
  • Midea Group (Guangdong, China)
  • Gree Electric Appliances, Inc. of Zhuhai (Guangdong, China)
  • Haier Group (Shandong, China)
  • Frigel Firenze S.p.A. (Tuscany, Italy)

KEY INDUSTRY DEVELOPMENTS:

Players such as, Carrier Corporation, Trane (a brand of Ingersoll Rand), Daikin Industries, Ltd., Gree Electric Appliances, Inc., Midea Group, Haier Group, Frigel Firenze S.p.A., Nanjing tica climate solutions Co., Ltd., and LG Electronics are dominating the modular chiller market. This growth is attributable to their strong regional presence. Approximately, these modular chiller manufacturers accumulate 60% market share around the globe. Moreover, companies, including ClimaCool Corp, initiated startup and service training programs for OEM controls and software loading applications for heating and cooling solutions of modular chillers.
Companies are heavily investing in several strategies such as mergers and acquisitions to expand the distribution network across the globe. For instance,

September 2019 – Trane (a business brand of Ingersoll Rand), acquired Arctic Chiller Group to expand the product portfolio of high-efficiency water-cooled and air-cooled modular chillers and magnetic bearing chillers for process cooling applications and commercial HVAC applications.
November 2017 – Carrier Corporation introduced the latest version of AquaSnap 30 MP, a water-cooled and condenserless modular chiller. 30 MP features an enhanced HVAC system to resolve difficult chilled-water systems.

FUTURE OUTLOOK

The global modular chiller market is growing over the time period, owing to the reliable performance, serviceability, and optimized capacity. The growth is attributed to technologies including micro-computer control, an aggregate system for module size design, high adaptability to applications with requirements on technology, and ease of use. In the near future, modular chillers can be an ideal solution for high-rise residential areas, the healthcare sector, and others. Moreover, modular chiller manufacturers are focused on enhancing the energy efficiency of buildings and lowering greenhouse gas (GHG) emission, which will result in their growing adoption over the substitutes.

REPORT COVERAGE

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The report offers qualitative and quantitative insights on modular chiller solutions and services and the detailed analysis of market size & growth rate for all possible segments in the market.

Along with this, the modular chiller market report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape. Key insights offered in the report are the adoption trends of modular chiller solutions by individual segments, recent industry developments such as partnerships, mergers & acquisitions, consolidated SWOT analysis of key players, Porters five forces analysis, business strategies of leading market players, macro and micro-economic indicators, and key industry trends.

Report Scope &Segmentation Table

Segmentation

By Type

Water-cooled modular chiller
Air-cooled modular chiller

By Application

Industrial
Commercial
Residential

By Region

North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Turkey and the Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, and the Rest of Asia Pacific)
Middle East & Africa (GCC, South Africa, and the Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and the Rest of Latin America)

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