Modular Chillers Market By Reports And Data
                     Modular Chillers Market To Reach 
USD 3.97 Billion By 2027
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       Market  Summary
An increase in the demand for the energy-efficient solution in 
HVAC and refrigeration applications and increasing research & 
development efforts will drive the Modular Chillers market.
Market Size – USD 2.52 Billion in 2019, Market Growth - CAGR of 
5.8%, Market Trends – High demand from developing nations.
The global Modular Chillers market is forecast to reach USD 3.97 
Billion by 2027, according to a new report by Reports and Data. 
The market is witnessing an expanded interest from the power 
generation industry because of its ability to cool and recover 
heat from the cooling module to increase the cooling system's 
overall efficiency. They are ideal for space cooling and process 
cooling in commercial, residential, and industrial applications as 
they are dependable, cost-effective, and are available in water-
cooled or air-cooled types ranging in size from 20 to 60 nominal 
tons each. Also, they are compact in format, energy-efficient, 
and flexible in function and can be connected to 12 units in 
parallel to increase the overall cooling capacity of the chiller 
systems.
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The most significant advantage of modular chillers is 'modularity,' – which means when cooling 
requirements are low, and operators can shut down any unit and switch to any number of units when the 
need is high. The operators can, therefore, reduce downtime to zero hours, as all modules are highly 
unlikely to malfunction. Furthermore, modular chillers offer superior expandability by adding parallel 
modules with the currently installed chiller system when operators plan infrastructure expansion as their 
capacity can be increased. The water-cooled chiller uses the water and heat transfer fluids for cooling, 
making them very efficient compared to modular air-cooled chillers, which use only ambient air to cool. 
This has increased its demand in commercial and industrial applications for space and process cooling.
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Key participants include McQuay Air-Conditioning Ltd., Carrier Corporation, Ingersoll Rand, Johnson 
Controls-Hitachi Air Conditioning, Mitsubishi Electric Corporation, Midea Group, Frigel Firenze S.p.A, 
Multistack LLC., Haier Group, and Gree Electric Appliances Inc., among others.
For the purpose of this report, Reports and Data have segmented into the global Modular Chillers 
market on the basis of type, end-user, application, and region:
Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
• Air-Cooled Modular Chillers
• Water-Cooled Modular Chillers
End-User Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
• Power Generation
• Mining
• Automotive
• Food & Beverage
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Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
• Residential
• Commercial
• Industrial
Regional Outlook (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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About Us
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