Modular Chiller Market: Surging Industrial Use of Cooling Systems across Geographies to Boost Market Growth – Fact.MR Study

250 Pages Modular Chiller Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.

The report offers actionable and valuable market insights of Modular Chiller. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Modular Chiller Market across various industries and regions.

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Worldwide modular chiller sales are estimated at US$ 3.7 Bn for 2022. As per detailed industry analysis, the global modular chiller market is forecast to reach US$ 6.2 Bn by 2032, expanding at a CAGR of around 5.2% from 2022 to 2032.

Report Attributes Details
Modular Chiller Market Size (2021A) ~US$ 3.5 Bn
Estimated Market Value (2022E) ~US$ 3.7 Bn
Forecast Market Value (2032F) ~US$ 6.2 Bn
Global Market Growth Rate (2022-2032) 5.2% CAGR

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Modular Chiller market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Modular Chiller

Modular Chiller Market forecast analysis by Fact.MR

This newly published and insightful report sheds light on Market Insights of Modular Chiller, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Modular Chiller Market.

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Key Segments Covered in Modular Chiller Industry Research

  • Modular Chiller Market By Product Type :

    • Compressor Chillers
      • Screw Chillers
      • Centrifugal Chillers
      • Scroll Chillers
      • Reciprocating Chillers
    • Absorption Chillers
  • Modular Chiller Market By Capacity :

    • Up to 30 Ton Modular Chillers
    • 30 – 50 Ton Modular Chillers
    • 50 -70 Ton Modular Chillers
    • 70 – 100 Ton Modular Chillers
    • 100 – 150 Ton Modular Chillers
    • Above 150 Ton Modular Chillers
  • Modular Chiller Market By Cooling Technology:

    • Air-cooled Modular Chillers
    • Water-cooled Modular Chillers
    • Evaporative Condensed Modular Chillers
  • Modular Chiller Market By Coolant Type :

    • R134A Modular Chillers
    • R744 Modular Chillers
    • R717 Modular Chillers
    • HCFC (R2, R123, R124, R151) Modular Chillers
    • HCS (R600A, R290) Modular Chillers
    • R407C Modular Chillers
    • R404A Modular Chillers
    • R410A Modular Chillers
    • R448A Modular Chillers
    • R449A Modular Chillers
    • Others
  • Modular Chiller Market By End-use Sector :

    • Commercial Modular Chillers
      • Corporate Offices
      • Data Centers
      • Hospitality Sector
    • Industrial Modular Chillers
      • Chemicals & Petrochemicals
      • Healthcare
      • Plastics & Polymers
      • Food & Beverages
      • Oil & Gas
      • Energy & Power
      • Automotive
      • Discrete Manufacturing
  • Modular Chiller Market By Region :

    • North America Modular Chiller Market
    • Latin America Modular Chiller Market
    • Europe Modular Chiller Market
    • East Asia Modular Chiller Market
    • South Asia & Oceania Modular Chiller Market
    • MEA Modular Chiller Market

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Key Takeaways from Market Study

  • By product type, compressed chillers is expected to remain most attractive segment in the global modular chiller market and surpass a valuation of US$ 4 Bn by 2032.
  • By capacity, above 150 ton modular chillers are projected to account for the highest valuation of US$ 3 Bn, increasing at a promising CAGR of 4.5% over the forecast period.
  • On the basis of cooling technology, water cooled modular chillers are likely to grow 1.6X in value and create revenue worth US$ 3 Bn by 2032.
  • The Middle East & Africa region is expected to generate a valuation of US$ 91 Mn by 2032.
  • The North America market is set to witness a CAGR of 3.9% over the same period.
  • Utilization of modular chillers in the industrial sector is projected to surge 1.6X by 2032.

“Increasing installation of cooling systems for commercial purposes to surge demand for modular chillers in the near future,” says a Fact.MR analyst.

Competitive Landscape

Fact.MR has profiled the following key modular chiller manufacturers in its report – Airwoods, Amrta, Blue Star Ltd., Carrier Corporation, Changzhou Vrcoolertech Refrigeration Co., Ltd, Daikin Industries, Ltd, Dekon, Euroklimat, Frigel Firenze S.p.A., Gree Electric Appliances, Inc., Haier Group, Hitachi Air Conditioning, Holtop, HUALI GROUP CO., LTD, Ingersoll Rand, Jiangsu Huazhao Refrigeration Equipment CO., Ltd., Jinan Mgreenbelt Machinery Co., Ltd., Johnson Controls, LG Electronics, McQuay Air-Conditioning Ltd, Midea Group, Mitsubishi Electric, Multistack, LLC., PowerWorld, Ruidong, Senho Machinery (Shenzhen) Co., Ltd, Shanghai Elan Industry Co., Ltd, Shanghai Shenglin M&E Technology Co., Ltd., Trane Technologies plc.

These key market players are constantly innovating product designs to meet modern-day challenges pertaining to component placement in the engine environment.

Some of the recent market developments are:

  • Frigel Firenze S.p.A., in 2019, launched a new modular chiller named the 3FX chiller. Theses chillers are available in 12 different models, out of which, 7 models come with screw compressors while the remaining are scroll compressors.
  • Trane Technologies plc, in 2019, acquired Arctic Chiller Group to enhance its product portfolio of high-efficiency water-cooled and air-cooled modular chillers and the enhancement of magnetic bearing chillers for the application of process cooling and commercial HAVC application.

Similarly, recent developments related to the market are tracked and presented in the comprehensive study.

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Key Question answered in the survey of Modular Chiller market report:

  • Sales and Demand of Modular Chiller
  • Growth of Modular Chiller Market
  • Market Analysis of Modular Chiller
  • Market Insights of Modular Chiller
  • Key Drivers Impacting the Modular Chiller market
  • Which are the Key drivers impacted by Modular Chiller market
  • Restraints Shaping Market Growth
  • Market Survey of Modular Chiller

More Valuable Insights on Modular Chiller Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Modular Chiller, Sales and Demand of Modular Chiller, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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