Global Modular Chillers Industry (2020 to 2027) - Key Market Trends and Drivers

DUBLIN, May 13, 2021 /PRNewswire/ -- The "Modular Chillers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Modular Chillers estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 5.7% over the period 2020-2027.

Water-Cooled, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$2.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Air-Cooled segment is readjusted to a revised 6.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $677.9 Million, While China is Forecast to Grow at 9.3% CAGR

The Modular Chillers market in the U.S. is estimated at US$677.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$807.5 Million by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Select Competitors (Total 38 Featured):

• Armec
• Carrier Corporation
• ClimaCool Corporation
• Frigel Firenze S.p.A.
• Gree Electric Appliances, Inc.
• Haier Group
• Ingersoll Rand
• Johnson Controls-Hitachi Air Conditioning
• McQuay Air-Conditioning Ltd. (Daikin)
• Midea Group
• Mitsubishi Electric Corporation
• Multistack International Limited
• Trane Technologies plc

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• UNITED STATES
• CANADA
• JAPAN
• CHINA
• EUROPE
• FRANCE
• GERMANY
• ITALY
• UNITED KINGDOM
• SPAIN
• RUSSIA
• REST OF EUROPE
• ASIA-PACIFIC
• AUSTRALIA
• INDIA
• SOUTH KOREA
• REST OF ASIA-PACIFIC
• LATIN AMERICA
• ARGENTINA
• BRAZIL
• MEXICO
• REST OF LATIN AMERICA
• MIDDLE EAST
• IRAN
• ISRAEL
• SAUDI ARABIA
• UNITED ARAB EMIRATES
• REST OF MIDDLE EAST
• AFRICA

IV. COMPETITION

• Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/8c4wd7

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SOURCE Research and Markets