$2.5 Billion Worldwide Modular Chillers Industry to 2027 - Impact of COVID-19 on the Market

Dublin, May 14, 2021 (GLOBE NEWSWIRE) -- The "Modular Chillers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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$3.7 Billion by 2027, growing at a CAGR of 5.7% over the period 2020-2027.

Water-Cooled, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$2.1 Billion by the end of the analysis period. After an early 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 $677.9 Million, While China is Forecast to Grow at 9.3% CAGR

The Modular Chillers market in the U.S. is estimated at US$677.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$807.5 Million by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Select Competitors (Total 38 Featured):

• 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

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• UNITED STATES

• CANADA

• JAPAN

• CHINA

• EUROPE

• FRANCE

• GERMANY

• ITALY

• UNITED KINGDOM

• SPAIN

• RUSSIA

• REST OF EUROPE

• ASIA-PACIFIC

• AUSTRALIA

• INDIA

• SOUTH KOREA

• REST OF ASIA-PACIFIC

• LATIN AMERICA

• ARGENTINA

• BRAZIL

• MEXICO

• REST OF LATIN AMERICA

• MIDDLE EAST

• IRAN

• ISRAEL

• SAUDI ARABIA

• UNITED ARAB EMIRATES

• REST OF MIDDLE EAST

• AFRICA

IV. COMPETITION

• Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/qw33t2

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