Global Industry Analysts Predicts the World Modular Chillers Market to Reach $3.5 Billion by 2026

SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Modular Chillers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 758
Companies: 38 - Players covered include 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 and Others.
Coverage: All major geographies and key segments
Segments: Type (Water-Cooled, Air-Cooled); End-Use (Commercial, Industrial, Residential)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Modular Chillers Market to Reach $3.5 Billion by 2026
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$3.5 Billion by 2026, growing at a CAGR of 5.7% over the analysis period. Water-Cooled, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$2.1 Billion by the end of the analysis period. After a thorough 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 $705.1 Million in 2021, While China is Forecast to Reach $740.5 Million by 2026
The Modular Chillers market in the U.S. is estimated at US$705.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$740.5 Million by the year 2026 trailing a CAGR of 9.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.