Global Market Size of Modular Chillers Market – 10 Year Market Forecast

Chemicals

Modular Chillers Market Size Forecast 2022-2029

 

The global modular chiller market is expected to reach USD 2.74 billion in 2022. The market is further estimated to reach a value of USD 5.14 billion by 2029, with a 9% CAGR. The most used type of modular chillers is water-cooled modular chillers. Modular chillers are used in residential, commercial and industrial sectors. The commercial sector accounts for the most market revenue compared to the other listed applications. Due to strict governmental laws and regulations to reduce emissions and for increasing energy efficiency, a surge in demand for modular chillers is observed which leads to a considerable boost in the market.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• ?Global market database is a cloud based market research tool that studies the shift in line with changing market trends
• What are the two types of modular chillers mentioned in this report?

• The two types of modular chillers mentioned in this report are water cooled and air cooled modular chillers.
• What are the major applications of modular chillers?

• The major applications of modular chillers are in the commercial sector. They are also used in residential and industrial sectors.
• Who are the leading players in the modular chillers market?

• Some of the leading players in the modular chillers market include Johnson Controls-Hitachi Air Conditioning, Haier Group, Trane Technologies plc etc.
• What is the estimated cumulative market size of the modular chillers market?

• The estimated cumulative market size of the modular chillers market is USD 34 billion.

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