Product Code: GVR-4-68038-901-2
Modular Chillers Market Growth & Trends:
The global modular chillers market size is expected to reach USD 4.11 billion by 2030, registering a CAGR of 6.8% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The growing demand for energy-efficient buildings on account of the rising awareness regarding environmental degradation coupled with stringent government regulations is anticipated to fuel the product demand over the forecast period.
Increasing construction spending in emerging countries, such as China, India, and Brazil, on account of strong economic and industrial development coupled with population expansion, is anticipated to drive the product demand over the forecast period. In addition, rising awareness about energy-efficient systems and the harmful impacts of burning fossil fuels is expected to further boost the market growth over the coming years.
Several initiatives promoting and encouraging energy-efficiency have been adopted and implemented in Europe. For instance, the European Commission's initiative "The European Portal for Energy Efficiency of Buildings" allows exploration and sharing of knowledge and optimal practices offering energy solutions for buildings.
According to the International Trade Administration (ITA), the construction industry in Canada was valued at USD 126.3 billion in 2018 and accounted for over 7% of the country's GDP. The presence of stringent government regulations in Toronto and Vancouver for cooling the overheated markets in the residential sector is expected to drive the product demand over the coming years.
Modular Chillers Market Report Highlights:
- In terms of revenue, water-cooled segment accounted for the largest revenue share of 62.4% in 2022.
- The air-cooled segment is expected to experience the fastest CAGR of 9.2% during the forecast period. This growth is primarily attributed to their low cost, which is a result of the absence of condenser water pumps and cooling towers.
- The commercial segment accounted for the largest revenue share of 48.8% in 2022 and is expected to grow at the fastest CAGR of 7.3% during the forecast period.
- Asia Pacific dominated the market and accounted for the largest revenue share of 44.7% in 2022 and is expected to grow at the fastest CAGR of 7.7% during the forecast period.
- Middle East & Africa is anticipated to grow at a significant CAGR of 6.8% during the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Application Outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Modular Chillers Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Modular Chillers Market Analysis Tools
- 3.6.1. Industry analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. Modular Chillers: Product Estimates & Trend Analysis
- 5.1. Modular Chillers Market: Key Takeaways
- 5.2. Modular Chillers Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Water-cooled
- 5.3.1. Water-cooled market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.1.1. <50kW
- 5.3.1.1.1. <50kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.1.2. 51-100kW
- 5.3.1.2.1. 51-100kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.1.3. 101-200kW
- 5.3.1.3.1. 101-200kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.1.4. 201-300kW
- 5.3.1.4.1. 201-300kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.1.5. >301kW
- 5.3.1.5.1. >301kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. Air -cooled
- 5.4.1. Air -cooled market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.1.1. <50kW
- 5.4.1.1.1. <50kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.1.2. 51-100kW
- 5.4.1.2.1. 51-100kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.1.3. 101-200kW
- 5.4.1.3.1. 101-200kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.1.4. 201-300kW
- 5.4.1.4.1. 201-300kW market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.1.5. >301kW
- 5.4.1.5.1. >301kW market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Modular Chillers : Application Estimates & Trend Analysis
- 6.1. Modular Chillers Market: Key Takeaways
- 6.2. Modular Chillers Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Commercial
- 6.3.1. Commercial market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.3.1.1. Corporate Offices
- 6.3.1.1.1. Corporate offices market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.3.1.2. Data Centers
- 6.3.1.2.1. Data centers market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.3.1.3. Public Buildings
- 6.3.1.3.1. Public buildings market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.3.1.4. Mercantile & Service
- 6.3.1.4.1. Mercantile & services market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.3.1.5. Healthcare
- 6.3.1.5.1. Healthcare market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.3.1.6. Others
- 6.3.1.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.4. Residential
- 6.4.1. Residential market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5. Industrial
- 6.5.1. Industrial market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5.1.1. Chemical
- 6.5.1.1.1. Chemical market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5.1.2. Food & Beverage
- 6.5.1.2.1. Food & beverage market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5.1.3. Metal Manufacturing & Machining
- 6.5.1.3.1. Metal manufacturing & machining market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5.1.4. Medical & Pharmaceutical
- 6.5.1.4.1. Medical & pharmaceutical market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5.1.5. Plastics
- 6.5.1.5.1. Plastics market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5.1.6. Others
- 6.5.1.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Modular Chillers Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Modular Chillers Market by Region: Key Takeaway
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.4. Mexico
- 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. Germany
- 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.2. UK
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.3. France
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.4. Italy
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.5. Russia
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.6. Spain
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. China
- 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.2. India
- 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.3. Japan
- 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.4. South Korea
- 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.5. Thailand
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.6. Indonesia
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.7. Malaysia
- 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.8. Australia
- 7.5.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6. Central & South America
- 7.6.1. Brazil
- 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.2. Argentina
- 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7. MEA
- 7.7.1. Saudi Arabia
- 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.2. UAE
- 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.3. South Africa
- 7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Trane Technologies plc
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. GREE ELECTRIC APPLIANCES, INC
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. Carrier
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. FRIGEL FIRENZE S.p.A.
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Midea Group
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Multistack International Limited.
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Daikin
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Johnson Controls
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Haier Group
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. Mitsubishi Electric Corporation
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives