Modular Chillers Market – Global Opportunities & Forecast, 2020-2027

 

This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

Competitive Landscape:

The leading organizations covered in the Modular Chillers Market are:

·         Multistack LLC.

·         Frigel Firenze S.p.A.

·         Midea

·         Johnson Controls.

·         Carrier

·         Gree Electric Appliances Inc.

·         Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A.

·         ClimaCool Corporation

·         Ingersoll-Rand Inc.

Drivers of the Modular Chillers Market:

The significant factors driving the growth of the global modular chillers market include the exceptional benefits of modular chiller over its substitute, increasing commercial construction projects, and the growing number of rigorous government regulations about energy efficiency. The modular chiller enables the operator to shut down any modular chiller unit whenever there is a need for low cooling and switch on the modular chiller unit when cooling demand is high. All these functions describe the modularity of chiller, which aids modular chiller operators decrease downtime, making it suitable for several applications in the residential, commercial, and industrial sectors. On the other edge of the spectrum, the high cost regarding the installation of modular chillers will hinder the growth of the market.

Due to the recent outbreak of the COVID-19, the global modular chillers market is negatively impacted by the slowdown in the commercial and residential construction sector. This will influence the sales of modular chiller across the globe. The major reason behind an adverse impact is the reduction in the supplies of various components of modular chillers from China, which is impacting the production of modular chillers worldwide. The key distributors are worried that the customers may not buy these products shortly due to the fear of contracting the virus by using modular chillers in their offices, homes, and factories. In addition to this, the market is projected to fall significantly in 2020 but will bounce back at a significant rise in rate by 2021. Thereafter the market will register strong growth till 2027.

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Key Benefits offered by the Modular Chillers Market report:

·         This study represents the analytical depiction of the Modular Chillers Market along with the ongoing trends and future estimations to determine the imminent investment pockets.

·         The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the Modular Chillers Market share.

Segmentation of the Modular Chillers Market:

The Modular Chillers Market has been categorized into the following segments:

Breakup by Type:

·         Water-Cooled

·         Air-Cooled

Breakup by Application:

·         Commercial

·         Residential

·         Industrial

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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