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Modular Chillers Market Size, Share & Trends Analysis Report By Product (Water-cooled, Air-cooled), By Application (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2023 - 2030

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  • 162 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899598
Description Jump to:
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. 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. 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
List of Tables
Table 1 List of abbreviation
Table 2 North America modular chillers market, by product, 2018-2030 (USD Million)
Table 3 North America modular chillers market, by application, 2018-2030 (USD Million)
Table 4 North America modular chillers market, by region, 2018-2030 (USD Million)
Table 5 U.S. modular chillers market, by product, 2018-2030 (USD Million)
Table 6 U.S. modular chillers market, by application, 2018-2030 (USD Million)
Table 7 Canada modular chillers market, by product, 2018-2030 (USD Million)
Table 8 Canada modular chillers market, by application, 2018-2030 (USD Million)
Table 9 Mexico modular chillers market, by product, 2018-2030 (USD Million)
Table 10 Mexico modular chillers market, by application, 2018-2030 (USD Million)
Table 11 Europe modular chillers market, by product, 2018-2030 (USD Million)
Table 12 Europe modular chillers market, by application, 2018-2030 (USD Million)
Table 13 Europe modular chillers market, by region, 2018-2030 (USD Million)
Table 14 Germany modular chillers market, by product, 2018-2030 (USD Million)
Table 15 Germany modular chillers market, by application, 2018-2030 (USD Million)
Table 16 UK modular chillers market, by product, 2018-2030 (USD Million)
Table 17 UK modular chillers market, by application, 2018-2030 (USD Million)
Table 18 France modular chillers market, by product, 2018-2030 (USD Million)
Table 19 France modular chillers market, by application, 2018-2030 (USD Million)
Table 20 Italy modular chillers market, by product, 2018-2030 (USD Million)
Table 21 Italy modular chillers market, by application, 2018-2030 (USD Million)
Table 22 Russia modular chillers market, by product, 2018-2030 (USD Million)
Table 23 Russia modular chillers market, by application, 2018-2030 (USD Million)
Table 24 Spain modular chillers market, by product, 2018-2030 (USD Million)
Table 25 Spain modular chillers market, by application, 2018-2030 (USD Million)
Table 26 Asia Pacific modular chillers market, by product, 2018-2030 (USD Million)
Table 27 Asia Pacific modular chillers market, by application, 2018-2030 (USD Million)
Table 28 Asia Pacific modular chillers market, by region, 2018-2030 (USD Million)
Table 29 China modular chillers market, by product, 2018-2030 (USD Million)
Table 30 China modular chillers market, by application, 2018-2030 (USD Million)
Table 31 India modular chillers market, by product, 2018-2030 (USD Million)
Table 32 India modular chillers market, by application, (USD Million) 2018 - 2030
Table 33 Japan modular chillers market, by product, 2018-2030 (USD Million)
Table 34 Japan modular chillers market, by application, 2018-2030 (USD Million)
Table 35 South Korea modular chillers market, by product, 2018-2030 (USD Million)
Table 36 South Korea modular chillers market, by application, 2018-2030 (USD Million)
Table 37 Thailand modular chillers market, by product, 2018-2030 (USD Million)
Table 38 Thailand modular chillers market, by application, 2018-2030 (USD Million)
Table 39 Indonesia modular chillers market, by product, 2018-2030 (USD Million)
Table 40 Indonesia modular chillers market, by application, 2018-2030 (USD Million)
Table 41 Malaysia modular chillers market, by application, (USD Million) 2018 - 2030
Table 42 Malaysia modular chillers market, by product, 2018-2030 (USD Million)
Table 43 Australia modular chillers market, by application, (USD Million) 2018 - 2030
Table 44 Australia modular chillers market, by product, 2018-2030 (USD Million)
Table 45 Central & South America Modular chillers market, by product, 2018-2030 (USD Million)
Table 46 Central & South America modular chillers market, by application, 2018-2030 (USD Million)
Table 47 Central & South America modular chillers market, by region, 2018-2030 (USD Million)
Table 48 Brazil modular chillers market, by product, 2018-2030 (USD Million)
Table 49 Brazil modular chillers market, by application, 2018-2030 (USD Million)
Table 50 Argentina modular chillers market, by product, 2018-2030 (USD Million)
Table 51 Argentina modular chillers market, by application, 2018-2030 (USD Million)
Table 52 Middle East and Africa modular chillers market, by product, 2018-2030 (USD Million)
Table 53 Middle East and Africa modular chillers market, by application, 2018-2030 (USD Million)
Table 54 Middle East and Africa modular chillers market, by region, 2018-2030 (USD Million)
Table 55 Saudi Arabia modular chillers market, by product, 2018-2030 (USD Million)
Table 56 Saudi Arabia modular chillers market, by application, 2018-2030 (USD Million)
Table 57 UAE modular chillers market, by product, 2018-2030 (USD Million)
Table 58 UAE modular chillers market, by application, 2018-2030 (USD Million)
Table 59 South Africa modular chillers market, by product, 2018-2030 (USD Million)
Table 60 South Africa modular chillers market, by application, 2018-2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Modular chillers: Market outlook
Fig. 9 Modular chillers: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Modular chillers market driver impact
Fig. 15 Modular chillers market restraint impact
Fig. 16 Modular chillers market strategic initiatives analysis
Fig. 17 Modular chillers market: Product movement analysis
Fig. 18 Modular chillers market: Product outlook and key takeaways
Fig. 19 Water-cooled market estimates and forecasts, 2018-2030
Fig. 20 < 50kW market estimates and forecasts, 2018-2030
Fig. 21 51-100kW market estimates and forecasts, 2018-2030
Fig. 22 101-200kW market estimates and forecasts, 2018-2030
Fig. 23 201-300kW market estimates and forecasts, 2018-2030
Fig. 24 >301kW market estimates and forecasts, 2018-2030
Fig. 25 Air-cooled market estimates and forecasts, 2018-2030
Fig. 26 < 50kW market estimates and forecasts, 2018-2030
Fig. 27 51-100kW market estimates and forecasts, 2018-2030
Fig. 28 101-200kW market estimates and forecasts, 2018-2030
Fig. 29 201-300kW market estimates and forecasts, 2018-2030
Fig. 30 >301kW market estimates and forecasts, 2018-2030
Fig. 31 Modular chillers market: Application movement analysis
Fig. 32 Modular chillers market: Application Outlook and key takeaways
Fig. 33 Commercial market estimates and forecasts, 2018-2030
Fig. 34 Corporate offices market estimates and forecasts, 2018-2030
Fig. 35 Data centers market estimates and forecasts, 2018-2030
Fig. 36 Public buildings market estimates and forecasts, 2018-2030
Fig. 37 Mercantile & service market estimates and forecasts, 2018-2030
Fig. 38 Healthcare market estimates and forecasts, 2018-2030
Fig. 39 Others market estimates and forecasts, 2018-2030
Fig. 40 Residential market estimates and forecasts, 2018-2030
Fig. 41 Industrial market estimates and forecasts, 2018-2030
Fig. 42 Chemical market estimates and forecasts, 2018-2030
Fig. 43 Food & beverage market estimates and forecasts, 2018-2030
Fig. 44 Metal manufacturing & machining market estimates and forecasts, 2018-2030
Fig. 45 Medical & pharmaceutical market estimates and forecasts, 2018-2030
Fig. 46 Plastics market estimates and forecasts, 2018-2030
Fig. 47 Others market estimates and forecasts, 2018-2030
Fig. 48 Global modular chillers market: Regional movement analysis
Fig. 49 Global modular chillers market: Regional outlook and key takeaways
Fig. 50 North America market estimates and forecasts, 2018-2030
Fig. 51 U.S. market estimates and forecasts, 2018-2030
Fig. 52 Canada market estimates and forecasts, 2018-2030
Fig. 53 Mexico market estimates and forecasts, 2018-2030
Fig. 54 Europe market estimates and forecasts, 2018-2030
Fig. 55 Germany market estimates and forecasts, 2018-2030
Fig. 56 UK market estimates and forecasts, 2018-2030
Fig. 57 France market estimates and forecasts, 2018-2030
Fig. 58 Italy market estimates and forecasts, 2018-2030
Fig. 59 Russia market estimates and forecasts, 2018-2030
Fig. 60 Spain market estimates and forecasts, 2018-2030
Fig. 61 Asia Pacific market estimates and forecasts, 2018-2030
Fig. 62 China market estimates and forecasts, 2018-2030
Fig. 63 India market estimates and forecasts, 2018-2030
Fig. 64 Japan market estimates and forecasts, 2018-2030
Fig. 65 South Korea market estimates and forecasts, 2018-2030
Fig. 66 Thailand market estimates and forecasts, 2018-2030
Fig. 67 Indonesia market estimates and forecasts, 2018-2030
Fig. 68 Malaysia market estimates and forecasts, 2018-2030
Fig. 69 Australia market estimates and forecasts, 2018-2030
Fig. 70 Central & South America market estimates and forecasts, 2018-2030
Fig. 71 Brazil market estimates and forecasts, 2018-2030
Fig. 72 Argentina market estimates and forecasts, 2018-2030
Fig. 73 Middle East & Africa market estimates and forecasts, 2018-2030
Fig. 74 Saudi Arabia market estimates and forecasts, 2018-2030
Fig. 75 UAE market estimates and forecasts, 2018-2030
Fig. 76 South Africa market estimates and forecasts, 2018-2030

Companies Mentioned

  • Trane Technologies plc
  • GREE ELECTRIC APPLIANCES, INC
  • Carrier
  • FRIGEL FIRENZE S.p.A.
  • Midea Group
  • Multistack International Limited.
  • Daikin
  • Johnson Controls
  • Haier Group
  • Mitsubishi Electric Corporation

Table Information

Report AttributeDetails
No. of Pages162
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 2.42 Billion
Forecasted Market Value ( USD ) by 2030 $ 4.11 Billion
Compound Annual Growth Rate6.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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