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Modular Chillers Trends and Forecast
The future of the global modular chillers market looks promising with opportunities in the commercial, residential, and industrial markets. The global modular chillers market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are rising awareness of environmental degradation led to the growing demand for energy-efficient structures, worldwide tax refunds and financial assistance provided by governments to promote the adoption of energy-saving technologies, as well as, global auto sales are increasing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Modular Chillers by Segment
The study includes a forecast for the global modular chillers by product, application, and region.
Modular Chillers Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Water-Cooled
• Air-Cooled
Modular Chillers Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Residential
• Industrial
• Others
Modular Chillers Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Modular Chillers Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies modular chillers companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the modular chillers companies profiled in this report include-
• Trane Technologies
• GREE ELECTRIC APPLIANCES
• Carrier
• FRIGEL FIRENZE
• Midea
• Multistack International
• Daikin
• Johnson Controls
• Haier Group
• Mitsubishi Electric
Modular Chillers Market Insights
Lucintel forecasts that water-cooled will remain the larger segment over the forecast period due to the necessity of vital maintenance, such as water purification, mechanical tower upkeep, freeze prevention, and chiller condenser-tube cleaning.
APAC will remain the largest region over the forecast period due to growing populations, fast urbanization, and rising per capita income in the region.
Features of the Global Modular Chillers Market
Market Size Estimates: Modular chillers market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Modular chillers market size by product, application, and region in terms of value ($B).
Regional Analysis: Modular chillers market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the modular chillers market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the modular chillers market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the modular chillers market size?
Answer: The global modular chillers market is expected to reach an estimated $3.6 billion by 2030.
Q2. What is the growth forecast for modular chillers market?
Answer: The global modular chillers market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the modular chillers market?
Answer: The major drivers for this market are rising awareness of environmental degradation led to the growing demand for energy-efficient structures, worldwide tax refunds and financial assistance provided by governments to promote the adoption of energy-saving technologies, as well as, global auto sales are increasing.
Q4. What are the major segments for modular chillers market?
Answer: The future of the global modular chillers market looks promising with opportunities in the commercial, residential, and industrial markets.
Q5. Who are the key modular chillers market companies?
Answer: Some of the key modular chillers companies are as follows:
• Trane Technologies
• GREE ELECTRIC APPLIANCES
• Carrier
• FRIGEL FIRENZE
• Midea
• Multistack International
• Daikin
• Johnson Controls
• Haier Group
• Mitsubishi Electric
Q6. Which modular chillers market segment will be the largest in future?
Answer: Lucintel forecasts that water-cooled will remain the larger segment over the forecast period due to the necessity of vital maintenance, such as water purification, mechanical tower upkeep, freeze prevention, and chiller condenser-tube cleaning.
Q7. In modular chillers market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing populations, fast urbanization, and rising per capita income in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the modular chillers market by product (water-cooled and air-cooled), application (commercial, residential, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Modular Chillers Market, Modular Chillers Market Size, Modular Chillers Market Growth, Modular Chillers Market Analysis, Modular Chillers Market Report, Modular Chillers Market Share, Modular Chillers Market Trends, Modular Chillers Market Forecast, Modular Chillers Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Modular Chillers Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Modular Chillers Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Modular Chillers Market by Product
3.3.1: Water-Cooled
3.3.2: Air-Cooled
3.4: Global Modular Chillers Market by Application
3.4.1: Commercial
3.4.2: Residential
3.4.3: Industrial
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Modular Chillers Market by Region
4.2: North American Modular Chillers Market
4.2.2: North American Modular Chillers Market by Application: Commercial, Residential, Industrial, and Others
4.3: European Modular Chillers Market
4.3.1: European Modular Chillers Market by Product: Water-Cooled and Air-Cooled
4.3.2: European Modular Chillers Market by Application: Commercial, Residential, Industrial, and Others
4.4: APAC Modular Chillers Market
4.4.1: APAC Modular Chillers Market by Product: Water-Cooled and Air-Cooled
4.4.2: APAC Modular Chillers Market by Application: Commercial, Residential, Industrial, and Others
4.5: ROW Modular Chillers Market
4.5.1: ROW Modular Chillers Market by Product: Water-Cooled and Air-Cooled
4.5.2: ROW Modular Chillers Market by Application: Commercial, Residential, Industrial, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Modular Chillers Market by Product
6.1.2: Growth Opportunities for the Global Modular Chillers Market by Application
6.1.3: Growth Opportunities for the Global Modular Chillers Market by Region
6.2: Emerging Trends in the Global Modular Chillers Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Modular Chillers Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Modular Chillers Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Trane Technologies
7.2: GREE ELECTRIC APPLIANCES
7.3: Carrier
7.4: FRIGEL FIRENZE
7.5: Midea
7.6: Multistack International
7.7: Daikin
7.8: Johnson Controls
7.9: Haier Group
7.10: Mitsubishi Electric
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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