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Modular Chiller Market by Product Type (Air Cooled Modular Chiller and Water-Cooled Modular Chiller), Capacity (Below 300 Tons and More than 300 Tons), and Application (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09422
Pages: 205
Jan 2021 | 308 Views
 
Author(s) : Amol Phoke, Priyanka Khandelwal , Onkar Sumant
Tables: 100
Charts: 71
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Modular Chiller Market Outlook- 2027

The modular chiller market size is expected to reach $3,698.0 million by 2027, and $2,667.1 million in 2019, registering a CAGR of 6.2% from 2020 to 2027. Modular chillers are best suitable for residential, commercial, and industrial applications to control the room temperature and keep it cool. They are used for heating as well as cooling application. It is the main component of HVAC systems. These systems have components such as compressors, evaporators, and chilling towers. In addition, they are robust, redundancy, better capacity control, lightweight, and energy-efficient. 

The COVID-19 pandemic has negatively affected the global modular chiller market mainly due to the halt in manufacturing activities, prolonged lockdown, international trade, and ceased construction processes.

Modular chillers are of two types such as air-cooled and water-cooled. These chillers are mainly used in commercial and industrial areas. A rise in construction activities and government spending on infrastructural construction activities globally is anticipated to boost the growth of the modular chiller market. For instance, Australian government planned to spend $ 110 billion by 2030 on transport infrastructure across Australia country. 

Modular-Chiller-Market-2020-2027

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In addition, rise in government spending on installing HVAC systems is expected to boost the growth of the market. For instance, in October 2020, Germany government funded around $603.4 million for upgrading HVAC systems in public buildings. In addition, the modular chiller is dependent on various standards of building codes. ISO for instance is an environmental standard, which must be considered while installing modular chiller in the buildings. 

Further, rise in disposable income of people in emerging economies is projected to cater to the growth of the modular chiller market. For instance, the disposable income of the U.S. population grew by approximately 7% from 2017 to 2019. Moreover, major players are adopting product launch and acquisition as their key developmental strategies to improve the product portfolio. 

For instance, in January 2018, Ingersoll Rand plc acquired ICS Cool Energy Ltd, a subsidiary of ICS Group Holdings Limited. ICS Cool Energy Ltd is mainly deals in air conditioners, portable cooling towers, air cooled modular chiller, and water-cooled modular chiller. The acquisition was aimed to expand the business of rental equipment of energy-efficient chiller for commercial and residential areas across Europe.  

Increase in industrialization and urbanization in countries such as China, India, Vietnam, and Indonesia boost the growth of construction activities, which fuels the modular chiller market growth. For instance, in 2018, the Government of India initiated NSCM (National Smart Cities Mission), which is expected to develop 100 smart cities by 2025.

In addition, the aviation industry in China registered a significant growth, during past few years. According to Civil Aviation Administration of China (CAAC), China built 27 new airports between 2014 to 2017, which in turn drive the demand for modular chillers to keep atmosphere cool, which stimulates the development of the market. Furthermore, rise in demand for modular chiller in end-user industries such as food & beverages, medical, mining, and others is anticipated to fuel the market growth.  

Modular Chiller Market
By Product Type

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Air-cooled segment is projected to grow at a significant CAGR

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However, the cost of installation, setup, and maintenance is very high, this in turn, is anticipated to hamper the development of the market of modular chiller. In addition, fluctuation in raw material prices is also anticipated to hinder the growth of the market. On the other hand, an increase in government initiative in terms of improving energy efficiency in various industries such as power, mining, and automotive is anticipated to provide lucrative opportunities for the growth of the market during the forecast period.

The global modular chiller market is segmented on the basis of product type, capacity, application, and region. Based on product type, the market is divided into air cooled modular chiller, and water-cooled modular chiller. Water-cooled modular chiller segment generated the highest revenue in 2019. Based on the capacity, the market is divided into below 300 tons and more than 300 tons. More than 300 tons capacity segment generated the highest revenue in 2019. Based on application, the market is bifurcated into residential, commercial, and industrial. The commercial segment generated the highest revenue in 2019. 

Modular Chiller Market
By Application

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Commercial segment holds dominant position in 2019

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Region wise, the modular chiller market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2019, Asia-Pacific was the highest contributor to the modular chiller market share. 

Competition Analysis

The key players profiled in the global modular chiller market report included Johnson Controls International Inc, Raytheon Technologies (Carrier Corporation), Ingersoll-Rand Plc (Trane Technologies Plc), Daikin Industries Ltd (McQuay Air-Conditioning Ltd), Mitsubishi Electric Corporation, LG Electronics, Midea Group Co. Ltd, Gree Electric Appliances Inc of Zhuhai, Frigel Firenze S.p.A., and Multistack LLC.

Modular Chiller Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2019 and is expected to grow at a significant rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging modular chiller market trends and dynamics.  
  • In-depth analysis of the market is conducted by estimations for the key segments between 2019 and 2027. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global modular chiller market forecast analysis from 2020 to 2027 is included in the report.
  • The key players operating in the market of modular chiller are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the modular chiller industry. 

Global Modular Chiller Market Segments

By Product Type

  • Air Cooled Modular Chiller
  • Water Cooled Modular Chiller

By Capacity

  • Below 300 Tons
  • More than 300 Tons 

By Application 

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Key market players
1.5.Research methodology

1.5.1.Primary research
1.5.2.Secondary research
1.5.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key Findings of The Study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Market player positioning, 2019
3.4.Porter's five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rising awareness regarding greenhouse gas emission
3.5.1.2.Growth in commercial construction sector
3.5.1.3.Growing demand for HVAC solutions

3.5.2.Restraints

3.5.2.1.High initial investment and setup cost
3.5.2.2.Fluctuation in raw material prices

3.5.3.Opportunity

3.5.3.1.Stringent government regulations

3.6.COVID-19 Impact Analysis

CHAPTER 4: GLOBAL MODUALR CHILLER MARKET, BY PRODUCT TYPE

4.1.Market overview

4.1.1.Market size and forecast, by product type

4.2.Air Cooled Modular Chiller

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market size and forecast, by country

4.3.Water Cooled Modular Chiller

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market size and forecast, by country

CHAPTER 5: GLOBAL MODULAR CHILLER MARKET, BY CAPACITY

5.1.Market overview

5.1.1.Market size and forecast, by solution

5.2.Below 300 Tons

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market size and forecast, by country

5.3.More than 300 tons

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market size and forecast, by country

CHAPTER 6: GLOBAL MODULAR CHILLER MARKET, BY APPLICATION

6.1.Market overview

6.1.1.Market size and forecast, by application

6.2.Residential

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market size and forecast, by country

6.3.Commercial

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by country

6.4.Industrial

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market size and forecast, by country

CHAPTER 7: GLOBAL MODULAR CHILLER MARKET, BY REGION

7.1.Market overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by product type
7.2.3.Market size and forecast, by capacity
7.2.4.Market size and forecast, by application
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.U.S. Market size and forecast, by product type
7.2.5.1.2.U.S. Market size and forecast, by capacity
7.2.5.1.3.U.S. Market size and forecast, by application

7.2.5.2.Canada

7.2.5.2.1.Canada Market size and forecast, by product type
7.2.5.2.2.Canada Market size and forecast, by capacity
7.2.5.2.3.Canada Market size and forecast, by application

7.2.5.3.Mexico

7.2.5.3.1.Mexico Market size and forecast, by product type
7.2.5.3.2.Mexico Market size and forecast, by capacity
7.2.5.3.3.Mexico Market size and forecast, by application

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by product type
7.3.3.Market size and forecast, by capacity
7.3.4.Market size and forecast, by application
7.3.5.Market size and forecast, by country

7.3.5.1.UK

7.3.5.1.1.UK Market size and forecast, by product type
7.3.5.1.2.UK Market size and forecast, by capacity
7.3.5.1.3.UK Market size and forecast, by application

7.3.5.2.Germany

7.3.5.2.1.Germany Market size and forecast, by product type
7.3.5.2.2.Germany Market size and forecast, by capacity
7.3.5.2.3.Germany Market size and forecast, by application

7.3.5.3.France

7.3.5.3.1.France Market size and forecast, by product type
7.3.5.3.2.France Market size and forecast, by capacity
7.3.5.3.3.France Market size and forecast, by application

7.3.5.4.Italy

7.3.5.4.1.Italy Market size and forecast, by product type
7.3.5.4.2.Italy Market size and forecast, by capacity
7.3.5.4.3.Italy Market size and forecast, by application

7.3.5.5.Rest of Europe

7.3.5.5.1.Rest of Europe Market size and forecast, by product type
7.3.5.5.2.Rest of Europe Market size and forecast, by capacity
7.3.5.5.3.Rest of Europe Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by product type
7.4.3.Market size and forecast, by capacity
7.4.4.Market size and forecast, by application
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.China Market size and forecast, by product type
7.4.5.1.2.China Market size and forecast, by capacity
7.4.5.1.3.China Market size and forecast, by application

7.4.5.2.Japan

7.4.5.2.1.Japan Market size and forecast, by product type
7.4.5.2.2.Japan Market size and forecast, by capacity
7.4.5.2.3.Japan Market size and forecast, by application

7.4.5.3.India

7.4.5.3.1.India Market size and forecast, by product type
7.4.5.3.2.India Market size and forecast, by capacity
7.4.5.3.3.India Market size and forecast, by application

7.4.5.4.Australia

7.4.5.4.1.Australia Market size and forecast, by product type
7.4.5.4.2.Australia Market size and forecast, by capacity
7.4.5.4.3.Australia Market size and forecast, by application

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Rest of Asia-Pacific Market size and forecast, by product type
7.4.5.5.2.Rest of Asia-Pacific Market size and forecast, by capacity
7.4.5.5.3.Rest of Asia-Pacific Market size and forecast, by application

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by product type
7.5.3.Market size and forecast, by capacity
7.5.4.Market size and forecast, by application
7.5.5.Market size and forecast, by country
7.5.6.Latin America

7.5.6.1.1.Latin America Market size and forecast, by product type
7.5.6.1.2.Latin America Market size and forecast, by capacity
7.5.6.1.3.Latin America Market size and forecast, by application

7.5.6.2.Middle East

7.5.6.2.1.Middle East Market size and forecast, by product type
7.5.6.2.2.Middle East Market size and forecast, by capacity
7.5.6.2.3.Middle East Market size and forecast, by application

7.5.6.3.Africa

7.5.6.3.1.Africa Market size and forecast, by product type
7.5.6.3.2.Africa Market size and forecast, by capacity
7.5.6.3.3.Africa Market size and forecast, by application

CHAPTER 8: COMPANY PROFILES

8.1.JOHNSON CONTROLS INTERNATIONAL PLC

8.1.1.Company overview
8.1.2.Key executive
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Research and development expenses
8.1.7.Business performance

8.2.Raytheon Technologies (Carrier Corporation)

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.Research and development expenses
8.2.7.Business performance
8.2.8.Key strategic moves and developments

8.3.Ingersoll -Rand Plc (Trane Technologies Plc.)

8.3.1.Company overview
8.3.2.Key executive
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.Research and development expenses
8.3.7.Business performance
8.3.8.Key strategic moves and developments

8.4.Daikin Industries, Ltd (McQuay Air-Conditioning Ltd)

8.4.1.Company overview
8.4.2.Key executive
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.Research and development expenses
8.4.7.Business performance

8.5.Mitsubishi Electric Corporation

8.5.1.Company overview
8.5.2.Key executive
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Research and development expenses
8.5.7.Business performance
8.5.8.Key strategic moves and developments

8.6.LG Electronics

8.6.1.Company overview
8.6.2.Key executive
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Research and development expenses
8.6.7.Business performance

8.7.Midea Group Co. Ltd

8.7.1.Company overview
8.7.2.Key executive
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Research and development expenses
8.7.7.Business performance
8.7.8.Key strategic moves and developments

8.8.Gree Electric Appliances Inc. of Zhuhai.

8.8.1.Company overview
8.8.2.Key executive
8.8.3.Company snapshot
8.8.4.Product portfolio
8.8.5.Research and development expenses
8.8.6.Business performance

8.9.Frigel Firenze S.p.A.

8.9.1.Company overview
8.9.2.Key executive
8.9.3.Company snapshot
8.9.4.Product portfolio
8.9.5.Key strategic moves and developments

8.10.Multistack LLC.

8.10.1.Company overview
8.10.2.Key executive
8.10.3.Company snapshot
8.10.4.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL MODUALR CHILLER MARKET REVENUE, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 02.MODULAR CHILLER MARKET REVENUE FOR AIR COOLED MODULAR CHILLER, BY REGION, 2019–2027 ($MILLION)
TABLE 03.MODULAR CHILLER MARKET REVENUE FOR WATER COOLED MODULAR CHILLER, BY REGION, 2019–2027 ($MILLION)
TABLE 04.GLOBAL MODULAR CHILLER MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 05.GLOBAL MODULAR CHILLER MARKET, FOR RESIDENTIAL, BY REGION, 2019–2027 ($MILLION)
TABLE 06.GLOBAL MODUALR CHILLER MARKET REVENUE FOR COMMERCIAL, BY REGION, 2019–2027 ($MILLION)
TABLE 07.GLOBAL MODUALR CHILLER MARKET REVENUE FOR INDUSTRIAL, BY REGION, 2019–2027 ($MILLION)
TABLE 08.MODULAR CHILLER MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 09.NORTH AMERICA MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 10.NORTH AMERICA MODULAR CHILLER MARKET REVENUE, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 11.NORTH AMERICA MODULAR CHILLER MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 12.NORTH AMERICA MODULAR CHILLER MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 13.U.S. MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 14.U.S. MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 15.U.S. MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 16.CANADA MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 17.CANADA MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 18.CANADA MODUALR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 19.MEXICO MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 20.MEXICO MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 21.MEXICO MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 22.EUROPE MODUALR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 23.EUROPE MODULAR CHILLER MARKET REVENUE, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 24.EUROPE MODULAR CHILLER MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.EUROPE MODULAR CHILLER MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 26.UK MODUALR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 27.UK MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 28.UK MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.GERMANY MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 30.GERMANY MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 31.GERMANY MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 32.FRANCE MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 33.FRANCE MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 34.FRANCE MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.ITALY MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 36.ITALY MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 37.ITALY MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38.REST OF EUROPE MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 39.REST OF EUROPE MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 40.REST OF EUROPE MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.ASIA-PACIFIC MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 42.ASIA-PACIFIC MODULAR CHILLER MARKET REVENUE, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 43.ASIA-PACIFIC MODULAR CHILLER MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.ASIA-PACIFIC MODULAR CHILLER MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 45.CHINA MODUALR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 46.CHINA MODUALR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 47.CHINA MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 48.JAPAN MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 49.JAPAN MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 50.JAPAN MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 51.INDIA MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 52.INDIA MDOUALR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 53.INDIA MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 54.AUSTRALIA MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 55.AUSTRALIA MDOUALR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 56.AUSTRALIA MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 57.REST OF ASIA-PACIFIC MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
TABLE 58.REST OF ASIA-PACIFIC MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 59.REST OF ASIA-PACIFIC MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 60.REST OF ASIA-PACIFIC MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 61.LAMEA MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 62.LAMEA MODULAR CHILLER MARKET REVENUE, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 63.LAMEA MODULAR CHILLER MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 64.LAMEA MODULAR CHILLER MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 65.LATIN AMERICA MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 66.LATIN AMERICA MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 67.LATIN AMERICA MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 68.MIDDLE EAST MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 69.MIDDLE EAST MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 70.MIDDLE EAST MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 71.AFRICA MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 72.AFRICA MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 73.AFRICA MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 74.JOHNSON: KEY EXECUTIVE
TABLE 75.JOHNSON: COMPANY SNAPSHOT
TABLE 76.JOHNSON: OPERATING SEGMENTS
TABLE 77.JOHNSON: PRODUCT PORTFOLIO
TABLE 78.KEY EXECUTIVES: RAYTHEON
TABLE 79.RAYTHEON: COMPANY SNAPSHOT
TABLE 80.RAYTHEON: OPERATING SEGMENTS
TABLE 81.CARRIER: PRODUCT PORTFOLIO
TABLE 82.TRANE: KEY EXECUTIVE
TABLE 83.TRANE: COMPANY SNAPSHOT
TABLE 84.TRANE: OPERATING SEGMENTS
TABLE 85.TRANE: SERVICE PORTFOLIO
TABLE 86.DAIKIN: KEY EXECUTIVE
TABLE 87.DAIKIN: COMPANY SNAPSHOT
TABLE 88.DAIKIN: OPERATING SEGMENTS
TABLE 89.MCQUAY: PRODUCT PORTFOLIO
TABLE 90.MITSUBISHI: KEY EXECUTIVE
TABLE 91.MITSUBISHI: COMPANY SNAPSHOT
TABLE 92.MITSUBISHI: OPERATING SEGMENTS
TABLE 93.MITSUBISHI: PRODUCT PORTFOLIO
TABLE 94.LG ELECTRONICS: KEY EXECUTIVE
TABLE 95.LG ELECTRONICS: COMPANY SNAPSHOT
TABLE 96.LG ELECTRONICS: OPERATING SEGMENTS
TABLE 97.LG ELECTRONICS: PRODUCT PORTFOLIO
TABLE 98.MIDEA: KEY EXECUTIVE
TABLE 99.MIDEA: COMPANY SNAPSHOT
TABLE 100.MIDEA: OPERATING SEGMENTS
TABLE 101.MIDEA: PRODUCT PORTFOLIO
TABLE 102.GREE: KEY EXECUTIVE
TABLE 103.GREE: COMPANY SNAPSHOT
TABLE 104.GREE: SERVICE PORTFOLIO
TABLE 105.FRIGEL: KEY EXECUTIVE
TABLE 106.FRIGEL: COMPANY SNAPSHOT
TABLE 107.FRIGEL: SERVICE PORTFOLIO
TABLE 108.MULTISTACK LLC: KEY EXECUTIVE
TABLE 109.MULTISTACK LLC: COMPANY SNAPSHOT
TABLE 110.MULTISTACK LLC: SERVICE PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.TOP WINNING STRATEGIES, BY YEAR, 2017–2020
FIGURE 05.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020 (%)
FIGURE 06.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020
FIGURE 07.MARKET PLAYER POSITIONING, 2019
FIGURE 08.LOW TO HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09.MODERATE TO MODERATE BARGAINING POWER OF BUYERS
FIGURE 10.LOW TO MODERATE THREAT OF SUBSTITUTES
FIGURE 11.LOW TO MODERATE THREAT OF NEW ENTRANTS
FIGURE 12.MODERATE INTENSITY OF RIVALRY
FIGURE 13.GLOBAL MODULAR CHILLER MARKET, BY PRODUCT TYPE, 2019–2027 (%)
FIGURE 14.MODULAR CHILLER MARKET, FOR AIR COOLED MODULAR CHILLER, BY COUNTRY, 2019–2027 (%)
FIGURE 15.MODULAR CHILLER MARKET, FOR WATER COOLED MODULAR CHILLER, BY COUNTRY, 2019–2027 (%)
FIGURE 16.GLOBAL MODULAR CHILLER MARKET, BY CAPACITY, 2019–2027 (%)
FIGURE 17.GLOBAL MODULAR CHILLER MARKET REVENUE, BY CAPACITY, 2019–2027 ($MILLION)
FIGURE 18.GLOBAL MODULAR CHILLER MARKET REVENUE FOR BELOW 300 TONS, BY REGION, 2019–2027 ($MILLION)
FIGURE 19.GLOBAL MODULAR CHILLER MARKET REVENUE FOR BELOW 300 TONS, BY COUNTRY, 2019–2027 (%)
FIGURE 20.GLOBAL MODULAR CHILLER MARKET REVENUE FOR MORE THAN 300 TONS, BY REGION, 2019–2027 ($MILLION)
FIGURE 21.GLOBAL MODUALR CHIILLER MARKET REVENUE FOR MORE THAN 300 TONS, BY COUNTRY, 2019–2027 (%)
FIGURE 22.GLOBAL MODULAR CHILLER MARKET, BY APPLICATION, 2019–2027 (%)
FIGURE 23.GLOBAL MODULAR CHILLER MARKET, FOR RESIDENTIAL, BY COUNTRY, 2019–2027 (%)
FIGURE 24.GLOBAL MODULAR CHILLER MARKET FOR COMMERCIAL, BY COUNTRY, 2019–2027 (%)
FIGURE 25.GLOBAL MODULAR CHILLER MARKET FOR INDUSTRIAL, BY COUNTRY, 2019–2027 (%)
FIGURE 26.MODULAR CHILLER MARKET, BY REGION, 2019–2027 (%)
FIGURE 27.U.S. MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 28.CANADA MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 29.MEXICO MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 30.UK MODUALR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 31.GERMANY MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 32.FRANCE MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 33.ITALY MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 34.REST OF EUROPE MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 35.CHINA MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 36.JAPAN MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 37.INDIA MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38.AUSTRALIA MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 39.LATIN AMERICA MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 40.MIDDLE EAST MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 41.AFRICA MODULAR CHILLER MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 42.JOHNSON: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020 ($MILLION)
FIGURE 43.JOHNSON: REVENUE, 2018–2020 ($MILLION)
FIGURE 44.JOHNSON: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 45.JOHNSON: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 46.RAYTHEON: RESEARCH AND DEVELOPMENT EXPENSES, 2017–2019($MILLION)
FIGURE 47.RAYTHEON: REVENUE, 2017–2019($MILLION)
FIGURE 48.RAYTHEON: REVENUE SHARE BY SEGMENT, 2019(%)
FIGURE 49.RAYTHEON: REVENUE SHARE BY GEOGRAPHY, 2019(%)
FIGURE 50.TRANE: RESEARCH AND DEVELOPMENT EXPENSES, 2017–2019($MILLION)
FIGURE 51.TRANE: REVENUE, 2017–2019($MILLION)
FIGURE 52.TRANE: REVENUE SHARE BY SEGMENT, 2019(%)
FIGURE 53.TRANE: REVENUE SHARE BY GEOGRAPHY, 2019(%)
FIGURE 54.DAIKIN: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 55.DAIKIN: REVENUE, 2018–2020($MILLION)
FIGURE 56.DAIKIN: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 57.DAIKIN: REVENUE SHARE BY REGION, 2020(%)
FIGURE 58.MITSUBISHI: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 59.MITSUBISHI: REVENUE, 2018–2020($MILLION)
FIGURE 60.MITSUBISHI: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 61.MITSUBISHI: REVENUE SHARE BY REGION, 2020(%)
FIGURE 62.LG ELECTRONICS: RESEARCH AND DEVELOPMENT EXPENSES, 2017–2019 ($MILLION)
FIGURE 63.LG ELECTRONICS: REVENUE, 2017–2019 ($MILLION)
FIGURE 64.LG ELECTRONICS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 65.LG ELECTRONICS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 66.MIDEA: RESEARCH AND DEVELOPMENT EXPENSES, 2017–2019 ($MILLION)
FIGURE 67.MIDEA: REVENUE, 2017–2019 ($MILLION)
FIGURE 68.MIDEA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 69.MIDEA: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 70.GREE: RESEARCH AND DEVELOPMENT EXPENSES, 2017–2019 ($MILLION)
FIGURE 71.GREE: REVENUE, 2017–2019 ($MILLION)

 
 

Modular chillers are chiller which are compact in size. It is a part of HVAC system. It is designed to form one larger chiller by combining more than one modular chiller in a series or parallel method. Each modular chiller contains one or two independent components, such as compressors, regulators, and circuits. Modular chiller having features such as serviceability, redundancy, flexibility, high energy-efficient, and better capacity controls. Increase in spending on residential and commercial construction sector owing to meet indoor air quality drives the growth of the modular chiller market. For instance, in Japan, according to the Ministry of Land, the government increased its allocation toward tourism sector grew by 15% from 2017 to 2018. In addition, owing to increase in greenhouse gas emission globally and rise in global warming, there has been a rise in awareness about installing heating, air conditioning, and ventilation (HVAC) systems, which in turn drives the growth of the modular chiller market. For instance, Germany government aimed to reduce the greenhouse gas emission by at least 55% by 2030 as compared to 2019 emission level.  Moreover, growing demand for energy efficient, compact, and lightweight HVAC systems in commercial and industrial sectors is anticipated to drive the growth of the modular chiller market. 

However, high initial capital investment required and fluctuation in raw material prices are anticipated to hamper the growth of the modular chiller market. Conversely, rise in environment concerns, coupled with stringent government regulation toward energy-efficiency requirement regulations is anticipated to provide lucrative opportunities for growth of the modular chiller market.
 

 
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A. No, the report does not provide Value Chain Analysis for the global modular chiller market.

A. The base year considered in the global modular chiller market is 2019.

A. To get latest version of global modular chiller market report can be obtained on demand from the website.

A. The forecast period considered for the global modular chiller market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

A. The global modular chiller market size was $2,667.1 million in 2019 and is projected to reach $3,698.0 million in 2027, growing at a CAGR of 6.2% from 2020 to 2027.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. On the basis of product type, the air-cooled modular chiller segment is expected to be the most influencing segment growing in the global modular chiller market report.

A. Based on region, in 2019, the Asia-Pacific region generated the highest revenue, accounting for over two-fifths of the market share, and is projected to grow at a significant CAGR from 2020 to 2027.

A. The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

A. The market value of global modular chiller market is $2.4 billion in 2020. The decline is mainly due to the COVID-19 pandemic and the contraction of construction industry. The market value of global modular chiller market is $2.4 billion in 2020. The decline is mainly due to the COVID-19 pandemic and the contraction of construction industry. COVID-19 Banner Statement: The COVID-19 pandemic has negatively affected the global modular chiller market mainly due to the halt in manufacturing activities, prolonged lockdown, international trade, and ceased construction processes.

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