• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Modular Chillers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global modular chillers market exhibited moderate growth during 2015-2020. Modular chillers provide the part-load capability for heating, ventilation, and air conditioning (HVAC) systems using tandem fixed-speed compressors. They offer expandability, redundancy, easy installation, high energy efficiency, minimized operational costs, reduced environmental impact, and better capacity control than conventional chilling systems. As a result, they are widely utilized in government and commercial buildings; educational and technical facilities; and entertainment venues like bars, halls, hotels, casinos, restaurants, and art galleries across the globe.

The escalating demand for green buildings, in confluence with the thriving construction industry, on account of the rising environmental concerns and increasing global population, represents one of the significant factors bolstering the modular chillers market growth. Moreover, governing agencies of numerous countries are supporting the implementation of energy-saving technologies through incentives like tax rebates and financial support, which is contributing to market growth. Apart from this, the growing adoption of HVAC systems in hotels, malls, and airports is further catalyzing the demand for modular chillers worldwide. These systems are also employed in the automotive industry to reduce heat accumulation and enhance fuel economy and passenger comfort. The rising sales of automobiles around the world are influencing the market positively. Furthermore, the leading manufacturers are offering modular chillers with variable speed compressors and condensers for industrial processes. They are also introducing models with high capacity, low-level sound, and flexible system management, which is anticipated to expand the application of modular chillers in the coming years. Looking forward, IMARC Group expects the global modular chillers market to grow at a CAGR of around 6% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global modular chillers market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and end use.

Breakup by Type:

  • Water-Cooled
  • Air-Cooled
     

Breakup by End Use:

  • Commercial
  • Residential
  • Industrial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Carrier Corporation, ClimaCool Corporation, Frigel Firenze S.p.A., Gree Electric Appliances Inc., Haier Group Corporation, Johnson Controls, McQuay Air-Conditioning Ltd., Midea Group, Mitsubishi Electric Corporation and Trane Technologies plc.

Key Questions Answered in This Report:

  • How has the global modular chillers market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global modular chillers market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global modular chillers market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Modular Chillers Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Water-Cooled
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Air-Cooled
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by End Use
    7.1    Commercial
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Residential
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Industrial
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Carrier Corporation
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
        13.3.2    ClimaCool Corporation
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Frigel Firenze S.p.A.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    Gree Electric Appliances Inc.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
        13.3.5    Haier Group Corporation
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Johnson Controls
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    McQuay Air-Conditioning Ltd.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Midea Group
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
        13.3.9    Mitsubishi Electric Corporation
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    Trane Technologies plc
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Modular Chillers Market: Major Drivers and Challenges
Figure 2: Global: Modular Chillers Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Modular Chillers Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Modular Chillers Market: Breakup by Type (in %), 2020
Figure 5: Global: Modular Chillers Market: Breakup by End Use (in %), 2020
Figure 6: Global: Modular Chillers Market: Breakup by Region (in %), 2020
Figure 7: Global: Modular Chillers (Water-Cooled) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Modular Chillers (Water-Cooled) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Modular Chillers (Air-Cooled) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Modular Chillers (Air-Cooled) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Modular Chillers (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Modular Chillers (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Modular Chillers (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Modular Chillers (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Modular Chillers (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Modular Chillers (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: North America: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: North America: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: United States: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: United States: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Canada: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Canada: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Asia-Pacific: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Asia-Pacific: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: China: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: China: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Japan: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Japan: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: India: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: India: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: South Korea: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: South Korea: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Australia: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Australia: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Indonesia: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Indonesia: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Others: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Others: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Europe: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Europe: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Germany: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Germany: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: France: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: France: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: United Kingdom: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: United Kingdom: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Italy: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Italy: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Spain: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Spain: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Russia: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Russia: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Latin America: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Latin America: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Brazil: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Brazil: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Mexico: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Mexico: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Others: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Others: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Middle East and Africa: Modular Chillers Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Middle East and Africa: Modular Chillers Market: Breakup by Country (in %), 2020
Figure 65: Middle East and Africa: Modular Chillers Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Global: Modular Chillers Industry: SWOT Analysis
Figure 67: Global: Modular Chillers Industry: Value Chain Analysis
Figure 68: Global: Modular Chillers Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Modular Chillers Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Modular Chillers Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Modular Chillers Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 4: Global: Modular Chillers Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Modular Chillers Market: Competitive Structure
Table 6: Global: Modular Chillers Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links