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    Global Modular Chiller Market Size, Share, Price, Growth, Key Players, Analysis, Report, Forecast 2021-2026 | EMR Inc.

    The new report by Expert Market Research titled, ‘Global Modular Chiller Market Share, Report and Forecast 2021-2026’, gives an in-depth analysis of the global modular chiller market, assessing the market based on its segments like product type, capacity, applications, and major regions.

    The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

    Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/modular-chiller-market/requestsample

    The key highlights of the report include:

    Market Overview (2016-2026)

    Historical Market Size (2020): USD 2.4 Billion

    Forecast CAGR (2021-2026): 9%

    Forecast Market Size (2026): USD 3.4 Billion

    Over the forecast period, the increased need for energy-efficient buildings is expected to fuel the product demand, owing to rising awareness about environmental degradation combined with stringent government regulations. The rising construction spending in emerging nations such as China, India, and Brazil, owing to strong economic and industrial development and population growth, is expected to drive product demand.

    The commercial application category accounts for a substantial portion of total modular chiller market growth and is predicted to increase at a quick rate throughout the forecast period. Its widespread use in HVAC systems, owing to rising commercial demand for air conditioning in places like company offices, government buildings, schools, hospitals, shopping malls, and hotels, is propelling the industry growth forward. Modular chillers’ potential to be turned into heat pumps, allowing them to provide both cooling and heating capacity for use in a variety of commercial and industrial applications, is assisting market expansion.

    Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/modular-chiller-market

    Industry Definition and Major Segments

    The modular chiller is a self-contained chilling system that produces chilled water. It is the most crucial component of the HVAC system. The compressor, condenser, expansion device, and evaporator are all pre-engineered and manufactured components of the system. It works just as well in an open location with an enclosure to protect the components from the weather as it does in a mechanical room in a structure.

    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

    On the basis of region, the industry is divided into:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East and Africa

    Market Trends

    The market is expected to grow even faster in the future years as people become more aware of energy-efficient devices and the negative consequences of burning fossil fuels. The growth is attributed to pressure operating features and lower condensing temperature offered by water-cooled systems compared to air-cooled systems, urbanisation, and government initiatives to enhance the country’s infrastructure. Modular chillers easily meet the standards for sustainable living, such as non-ozone-depleting refrigerants, despite the growing concerns about environmental deterioration. These features reduce the negative environmental impact of modular chillers while also ensuring user safety, boosting industrial growth.

    Key Market Players

    The major players in the market are Johnson Controls International Plc., Daikin Industries, Ltd, LG Electronics, Multistack, LLC, and Frigel Firenze S.p.A., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

    About Us:

    Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

    EMR customises syndicated reports according to client’s requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

    Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

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