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Europe and South East Asia Modular Chiller Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Europe and South East Asia Modular Chiller Market- (By Product Type- Water-Cooled and Air-Cooled; By Demand- New Market and Replacement Market; By Application- Commercial, industrial and residential; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published Date: May-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA0522225  | Delivery: 2 to 4 Hours


Modular chillers are small packaged chillers with which a HVAC provider can combine with other chiller modules in order to build a single larger machine within HVAC system. 

The main types of modular chillers are modular water-cooled chillers and modular air-cooled chillers.

Compressor, condenser, expansion device and evaporator are the four basic components of chillers. 

The two modules communicate with each other through a microprocessor controller.

The Europe modular chiller market held a market value of US$ 529.2 Million in 2021 and is projected to reach US$ 724.0 Million by the year 2027.

The expected growth rate of the South East Asia (SEA) modular chiller market is 6.6%, with an estimated value of US$ 59.40 Million by 2027. 

On the basis of application, the modular chiller market is segmented into commercial, industrial and residential. 

The growing awareness for eco-friendly product provides a lucrative growth trend in the Europe and SEA modular chiller market. 

Italy holds the major share in terms of revenue in the Europe modular chiller market in 2021. 

Factors such as increasing government spending on upgrading public infrastructure and concurrent heating and cooling ability will boost the Europe and SEA modular chiller market during the forecast period.

High initial cost and stringent regulations is a restraining factor which inhibits the growth of the market during the forecast period. 

The air-cooled segment is anticipated to grow at the highest CAGR during the forecast period. 

Product type, demand and application are the segments to invest in over the assessment period in the Europe & South East Asia (SEA) modular chiller market.

The key players operating in the market include 1st Cooling Inc., AEC Inc., Carrier Corporation, ClimaCool Corp., Croll Reynolds, Delta T Systems, Frigel, HIVER Aircon Pvt. Ltd, Mcquay Air-Conditioning Limited, Midea Group, Multistack, LLC, Haier Group Corp., Ware Mechanical, Inc.and LG Electronics Inc. among others.