Reports

Sale

Modular Chiller Market

Global Modular Chiller Market Size, Share, Forecast: 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; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Modular Chiller Market Outlook

The global modular chiller market attained a value of nearly USD 2.85 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6% to reach about USD 4.79 billion in 2032.

 

Global Modular Chiller Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Rising Demand for Water-Cooled Modular Chillers to Boost the Market Growth

Due to the high performance of water-cooled modular chillers over air-cooled systems, the water-cooled type segment of the global market for modular chiller accounted for a   significant proportion of the market share. Large commercial buildings, including corporate offices, schools, retail malls, and hospitals, among others, benefit from water-cooled modular chillers, thereby invigorating the industry growth of modular chillers. Furthermore, the air-cooled category of modular chillers is expected to generate robust market growth in the coming years due to its lower operating costs and compact design.

 

Asia Pacific Region to Hold a Significant Share in the Market Growth of Modular Chillers

In APAC, China, Japan, South Korea, and India are the most important markets for modular chillers. Owing to rapid industrialisation and urbanisation in the region and favourable government policies and investments, the construction projects in the region are rising, further augmenting the demand for modular chillers in various sectors. In addition, due to the existence of big heating, ventilation, and air conditioning (HVAC) and construction industries, China accounted for a substantial share of the APAC market in the historical period. Furthermore, the overall demand for air conditioners in APAC countries can be attributed to rising disposable incomes and improved purchasing power of the people.   Thus, the market for modular chillers is witnessing steady demand from the Asia Pacific region, thereby adding to the overall market growth.

 

Modular Chiller: Market Segmentation

Modular chiller systems are a modern alternative to classic chiller systems, providing building owners, system designers, and installers with creative solutions. Modular chillers in HVAC systems have lately developed as a more cost-effective, mass-produced alternative to totally tailored chillers.

 

Global Modular Chiller Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Based on product type, the market can be divided into:

  • Air Cooled Modular Chiller
  • Water Cooled Modular Chiller

By capacity, the industry can be segmented into:

  • Below 300 Tons
  • More than 300 tons

On the basis of its application, the market can be classified into:

  • Residential
  • Commercial
  • Industrial

The EMR report looks into regional markets of modular chiller like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Modular Chiller Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Rising Commercial Applications of  Modular Chillers to Augment Market Growth

The commercial application segment holds a significant market share in the overall market growth of modular chillers and is expected to grow at the fastest rate throughout the forecast period. Its strong application in HVAC systems owing to growing demand from the commercial sector, including air conditioning in business offices, government buildings, schools, hospitals, shopping malls, and hotels, among others, is propelling industry growth. Demand for commercial development projects is likely to increase with the rising levels of population, which, in turn, is anticipated to augment the demand for modular chillers.

The energy efficiency and reduced environmental effect of modular chillers are also significant advantages of the product, which are contributing to its demand and the consequent market growth. The ability of modular chillers to be converted into heat pumps, allowing them to supply both cooling and heating capacity for use in various commercial or industrial applications, is further aiding the market growth. Furthermore, owing to rising concerns regarding environmental degradation, modular chillers easily meet the criteria for sustainable living with characteristics like non-ozone-depleting refrigerants. These features lessen the negative environmental effect of modular chillers and ensure the safety of the users, hence invigorating the industry growth.

 

Key Industry Players in the Global Modular Chiller Market

The report presents a detailed analysis of the following key players in the global modular chiller market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Johnson Controls International Plc.
  • Daikin Industries, Ltd
  • LG Electronics
  • Multistack, LLC
  • Frigel Firenze S.p.A.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Capacity
  • Application
  • Region
Breakup by Product Type
  • Air Cooled Modular Chiller
  • Water Cooled Modular Chiller
Breakup by Capacity
  • Below 300 Tons
  • More than 300 tons
Breakup by Application
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Johnson Controls International Plc.
  • Daikin Industries, Ltd
  • LG Electronics
  • Multistack, LLC
  • Frigel Firenze S.p.A.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface    
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Modular Chiller Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Modular Chiller Historical Market (2018-2023) 
    8.3    Global Modular Chiller Market Forecast (2024-2032)
    8.4    Global Modular Chiller Market by Product Type
        8.4.1    Air Cooled Modular Chiller
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Water Cooled Modular Chiller
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Modular Chiller Market by Capacity
        8.5.1    Below 300 Tons
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    More than 300 tons
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Modular Chiller Market by Application
        8.6.1    Residential
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Commercial
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Industrial
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)    
    8.7    Global Modular Chiller Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Modular Chiller Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Modular Chiller Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Modular Chiller Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Modular Chiller Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Modular Chiller Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Johnson Controls International Plc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Daikin Industries, Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    LG Electronics
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Multistack, LLC
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Frigel Firenze S.p.A.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Modular Chiller Market: Key Industry Highlights, 2018 and 2032
2.    Global Modular Chiller Historical Market: Breakup by Product Type (USD Million), 2018-2023
3.    Global Modular Chiller Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4.    Global Modular Chiller Historical Market: Breakup by Capacity (USD Million), 2018-2023
5.    Global Modular Chiller Market Forecast: Breakup by Capacity (USD Million), 2024-2032
6.    Global Modular Chiller Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global Modular Chiller Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global Modular Chiller Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Modular Chiller Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Modular Chiller Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Modular Chiller Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Modular Chiller Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Modular Chiller Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Modular Chiller Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Modular Chiller Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Modular Chiller Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Modular Chiller Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Modular Chiller Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Modular Chiller Market Forecast: Breakup by Country (USD Million), 2024-2032  
20.    Global Modular Chiller Market Structure

Key Questions Answered in the Report

What was the global modular chiller market size in 2023?

The global modular chiller market attained a value of nearly USD 2.85 billion in 2023.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 6% between 2024 and 2032.

What is the growth rate of the global modular chiller market?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 4.79 billion in 2032.             

What is the forecast outlook of the global modular chiller market for 2024-2032?

The industry is being driven by the increasing deployment of water-cooled modular chillers in various end-use sectors, and the rising demand from major developing countries owing to its cost-effectiveness.

What are the major market drivers?

The market is being driven by the increasing deployment of water-cooled modular chillers in various end-use sectors and rising demand from major developing countries owing the cost-effectiveness of modular chillers.

What are the key trends of the market?

The key trends of the market include rising application of modular chillers in the commercial sector and its energy efficient and environment friendly characteristics.

What are the leading product types of modular chillers in the market?

The leading product types of modular chillers are air cooled modular chiller and water cooled modular chiller.

What are the important capacities of modular chiller?

The important capacities of modular chiller are below 300 tons and more than 300 tons.

What are the significant applications of modular chillers?

The significant applications of modular chillers include residential, commercial, and industrial.

Who are the key market players, according to the report?

The key players in the global modular chiller market are Johnson Controls International Plc, Daikin Industries, Ltd, LG Electronics, Multistack, LLC, and Frigel Firenze S.p.A., among others.

Analyst Review

The global modular chiller market attained a value of about USD 2.85 billion in 2023, driven by the rising demand for water cooled modular chillers. Aided by the growing applications in the commercial sector, the market is expected to grow at a CAGR of 6% during 2024-2032 to reach nearly USD 4.79 billion in 2032.      

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the  modular chiller industry can be segmented into air cooled modular chiller and water cooled modular chiller. By capacity, the industry is categorised into below 300 tons and more than 300 tons. On the basis of application, the market can be segmented into residential, commercial, and industrial.  The major regional markets for modular chiller are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Johnson Controls International Plc, Daikin Industries, Ltd, LG Electronics, Multistack, LLC, and Frigel Firenze S.p.A., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER