Global Modular Chillers Market Size By Type, By Application, By Geographic Scope And Forecast
Modular Chillers Market Size And Forecast
Modular Chillers Market was valued at USD 2.47 Billion in 2019 and is projected to reach USD 3.75 Billion by 2027, growing at a CAGR of 5.3% from 2020 to 2027.
Global Modular Chillers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
With the increasing adaption of the modular chillers in commercial applications and the increasing growth of commercial construction is the driving factor of market growth. In addition, the introduction of government standards to increase fuel efficiency is another factor contributing to the market growth. Moreover, the benefit associated with the modular chillers over the conventional one is imposing a positive impact on market growth. However, the high initial capital cost is expected to hamper the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Modular Chillers Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Modular Chillers Market Competitive Landscape
The Global Modular Chillers Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Mitsubishi Electric Corporation, Gree Electric Appliances, Johnson Controls- Hitachi Air Conditioning, McQuay Air-Conditioning, Carrier Corporation, Midea Group, Ingersoll Rand, Frigel Firenze, Multistack, and Haier Group.
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