Modular Chillers Market: By Product Type, By Application, Governance, Healthcare, Retail, Real Estate, Commercial, Transportation, and Others), and Region Forecast 2019-2030
Modular Chillers Market: By Product Type, By Application, Governance, Healthcare, Retail, Real Estate, Commercial, Transportation, and Others), and Region Forecast 2019-2030
Modular chillers market size was valued at US$ 2,585.2 million in 2023 and is poised to expand at a substantial growth of 5.6% from 2024-2030. The demand for HVAC equipment is promptly growing due to increased spending in the construction sector and rising disposable incomes across developing nations. Climate change is another key element contributing to the rising demand for HVAC systems. As the temperature rises and the weather becomes more unpredictable, many consumers see HVAC equipment as a good investment. Furthermore, rising customer preference for comfort has increased the demand for HVAC systems.
Furthermore, HVAC systems might have a single unit that can provide any quantity of heating, cooling, or simultaneous heating and cool at the same time, which is a significant driver driving the market's growth in the next years. A modular chiller is a piece of factory-built equipment that uses an evaporator to cool water or brine and includes an internal or distant condenser with appropriate controls. Water-cooled or air-cooled condensers are available. This architecture-based chiller can be used for various purposes, including space cooling and process cooling. A chiller cools the water or brine used to cold and dehumidifies air in buildings or industrial operations, and it's a crucial component of the HVAC system.
Study Period
2024-2030Base Year
2023CAGR
5.6%Largest Market
Asia-PacificFastest Growing Market
Europe
Government funding for behavioral health services increased the adoption of behavioral health software, and increased instances of anxiety, fear, depression, and frustration because of the pandemic situation are driving the need for efficient solutions from the global behavioral health software market.
The behavioral healthcare software market in North America is likely to hold the highest revenue share in 2021. The rising population in need of behavioral health services, behavioral health reforms in the United States, and government funding for behavioral health services in the region contribute to the region's large share of this geographical segment. In addition, Europe is the fastest-growing market accounting due to expanding demand increase in access to behavioral health care, a rise in the incidence of behavioral disorders, and government initiatives for increasing awareness about behavioral health.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 2,585.2 million |
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Market CAGR |
5.6% |
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By Product Type |
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By Application |
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By Region |
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The global modular chillers market size was valued at US$ 2,585.2 million in 2023 and it is expected to grow at a 5.6% CAGR from 2024-2030.
The modular chillers market key players are: Mitsubishi Electric Corporation (Tokyo, Japan) Trane (Dublin, Ireland) Carrier Corporation (Florida, U.S.) LG Electronics (Seoul, Korea) Daikin Industries, Ltd. (Osaka, Japan) Nanjing tica climate solutions co., ltd (Nanjing, China) Midea Group (Guangdong, China) Gree Electric Appliances, Inc. of Zhuhai (Guangdong, China) Frigel Firenze S.p.A(Mitsubishi Electric Corporation Tuscany, Italy)
The modular chillers market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Modular Chillers Market Introduction |
| 2.1.Global Modular Chillers Market - Taxonomy |
| 2.2.Global Modular Chillers Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3. Global Modular Chillers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Modular Chillers Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Modular Chillers Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Air-Cooled Modular Chillers |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Water-Cooled Modular Chillers |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. High-Temperature Chillers |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Modular Chillers Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Education |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Governance |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Healthcare |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Retail |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Real Estate |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Commercial |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Transportation |
| 6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Modular Chillers Market By Geography, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Modular Chillers Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Modular Chillers Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Air-Cooled Modular Chillers |
| 9.1.2.Water-Cooled Modular Chillers |
| 9.1.3.High-Temperature Chillers |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Education |
| 9.2.2.Governance |
| 9.2.3.Healthcare |
| 9.2.4.Retail |
| 9.2.5.Real Estate |
| 9.2.6.Commercial |
| 9.2.7.Transportation |
| 9.2.8.Others |
| 9.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Modular Chillers Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Air-Cooled Modular Chillers |
| 10.1.2.Water-Cooled Modular Chillers |
| 10.1.3.High-Temperature Chillers |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Education |
| 10.2.2.Governance |
| 10.2.3.Healthcare |
| 10.2.4.Retail |
| 10.2.5.Real Estate |
| 10.2.6.Commercial |
| 10.2.7.Transportation |
| 10.2.8.Others |
| 10.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Modular Chillers Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Air-Cooled Modular Chillers |
| 11.1.2.Water-Cooled Modular Chillers |
| 11.1.3.High-Temperature Chillers |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Education |
| 11.2.2.Governance |
| 11.2.3.Healthcare |
| 11.2.4.Retail |
| 11.2.5.Real Estate |
| 11.2.6.Commercial |
| 11.2.7.Transportation |
| 11.2.8.Others |
| 11.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Modular Chillers Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Air-Cooled Modular Chillers |
| 12.1.2.Water-Cooled Modular Chillers |
| 12.1.3.High-Temperature Chillers |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Education |
| 12.2.2.Governance |
| 12.2.3.Healthcare |
| 12.2.4.Retail |
| 12.2.5.Real Estate |
| 12.2.6.Commercial |
| 12.2.7.Transportation |
| 12.2.8.Others |
| 12.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Modular Chillers Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Air-Cooled Modular Chillers |
| 13.1.2.Water-Cooled Modular Chillers |
| 13.1.3.High-Temperature Chillers |
| 13.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Education |
| 13.2.2.Governance |
| 13.2.3.Healthcare |
| 13.2.4.Retail |
| 13.2.5.Real Estate |
| 13.2.6.Commercial |
| 13.2.7.Transportation |
| 13.2.8.Others |
| 13.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Mitsubishi Electric Corporation (Tokyo, Japan) |
| 14.2.2.Trane (Dublin, Ireland) |
| 14.2.3.Carrier Corporation (Florida, U.S.) |
| 14.2.4.LG Electronics (Seoul, Korea) |
| 14.2.5.Daikin Industries, Ltd. (Osaka, Japan) |
| 14.2.6.Nanjing tica climate solutions co., ltd (Nanjing, China) |
| 14.2.7.Midea Group (Guangdong, China) |
| 14.2.8.Gree Electric Appliances, Inc. of Zhuhai (Guangdong, China) |
| 14.2.9.Frigel Firenze S.p.A(Mitsubishi Electric Corporation Tuscany, Italy) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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