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Modular Chillers Market 2023 Key Players, SWOT Analysis, Key Indicators and Forecast to 2026

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The Global Modular Chillers Market is Projected to Grow USD 6.13 billion at a CAGR of 0.062 % During the Forecast Period | No of Pages 120

Global Modular Chillers Market (2023-2026) Industry Research Report focuses on the global Modular Chillers Market status, future forecast, growth opportunity, key market, and key players. Also report gives detailed data about the major factors influencing the growth of the Modular Chillers Market at the national and local level forecast the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry. 

Modular Chillers Market Scope:

Modular Chiller Market size stood at USD 3.82 billion in 2018 and is anticipated to reach USD 6.13 billion by 2026, exhibiting a CARG of 6.2% during the forecast period.

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List Of Top Key Player Of Modular Chillers Market:

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)

Global Modular Chillers Market Growth report serves as an ideal solution for a better understanding of the Market. It is helpful in finding out the size of the Market for specific products. These major players operating in this Market are in strong competition in terms of technology, innovation, product development, and product pricing. The Market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products.

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Modular Chillers Market Segmentations:

By Type Analysis

  • Based on type, the market is divided into the water-cooled modular chiller and air-cooled modular chiller. The water-cooled modular chiller segment is expected to grow exponentially over the anticipated period, owing to their high energy efficiency and superior performance as compared to the air-cooled modular chiller.

By Application Analysis

  • Based on the application, the market is divided into industrial, commercial, and residential. The commercial application segment is expected to grow with substantial CAGR during the forecast period.

Market Analysis and Insights: Global Modular Chillers Market

The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region, and, as a result, provides a holistic view of, as well as a deep insight into the Modular Chillers Market covering all its essential aspects.

For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.

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Geographically, the report includes research on production, consumption, revenue, market share, and growth rate in following regions:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle East and Africa

Market Drivers:

In modular chillers, no idle time in HVAC applications is required as it offers modularity, i.e., the capacity can be increased by adding a parallel module. Ultimately, it will provide cooling capacity with no substantial downtime.

Modular Chillers Market Table of Content (TOC)


  • Definition, by Segment
  • Research Methodology/approach
  • Data Sources
  • Key Takeaways
  • Market Share Dynamics
  • Macro and Micro Economic Indicators
  • Drivers, Restraints, Opportunities, and Trends
  • Impact of Covid-19
    • Short-Term Impact
    • Long-Term Impact
  • Competition Landscape 2026
  • Business Strategies Adopted by Key Players
  • Consolidated Swot Analysis of Key Players
  • Global Modular Chillers Key Players Market Share Insights and Analysis, 2026
  • Key Market Share Insights and Strategic Recommendations
  • Companies Profiled (covered for Key 10 Players Only)
  • Overview
    • Key Management
    • Headquarters Etc.
  • Offerings/Business Segments
  • Key Details (subjected to Data Availability in The Public Domain And/or on Paid Databases)
    • Employee Size
    • Key Financials
      • Past and Current Revenue
      • Geographical Share
      • Business Segment Share
  • Recent Developments


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.

  • Annexure / Appendix

Key Benefits of This Market Research:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Modular Chillers Market
  • Overview of the Regional Outlook of the Modular Chillers Market

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About Fortune Business Insights

The cycle of disruption and transformation is imminent for businesses looking to carve out a niche in highly competitive environments. While a few companies are focusing on transformational growth and addressing key challenges of disruptions, several others are simply unaware. At Fortune Business Insights we offer end-to-end solutions beyond flagship research technologies to help senior leaders across enterprises achieve their mission-critical goals. We deliver recommendations enabling growth to help build organizations of tomorrow.


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