The Asia Pacific Modular Chiller Market would witness market growth of 8% CAGR during the forecast period (2020-2026). The compact-sized chiller is known as a modular chiller. These chillers are a component of HVAC system. It is developed to create a single large chiller by integrating more than one modular chiller in a parallel or series method. Every modular chiller comprises one or two independent elements, like compressors, circuits, and regulators.
Modular chiller has numerous features like redundancy, superior capacity controls, serviceability, high energy-efficient, and flexibility. In order to fulfill better indoor air quality, there is a high investment in residential & commercial construction activities, thereby creating various lucrative opportunities for the growth of the modular chiller market.
The growth of the modular chiller market is expected to stimulate due to high investments in construction activities by developing countries like India, China, and others. For example, the Indian Government is planning to invest $1.4 trillion in the development of infrastructure from the year 2020 to 2025. Additionally, modular chillers are highly useful across different industries such as food & beverages, plastics, automotive, die casting, and others.
The growth of the modular chiller market is expected to bolster due to a surge in demand for modular chillers around the globe because of the increasing number of construction activities. The demand for commercial facilities such as hotels & public buildings has increased due to the growing tourism industry across the world. This, as a result, is expected to boost the development of the modular chiller market over the forecast years.
Based on Product Type, the market is segmented into Water Cooled Modular Chiller and Air Cooled Modular Chiller. Based on Application, the market is segmented into Commercial, Industrial and Residential. Based on Capacity, the market is segmented into More than 300 Tons and Below 300 Tons. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Below 300 Tons Modular Chiller Market by Country 2019, growing at a CAGR of 7.4 % during the forecast period. The Japan market is experiencing a CAGR of 8.8% during (2020 - 2026). Additionally, The India market is poised to grow at a CAGR of 10.1% during (2020 - 2026).
The Water Cooled Modular Chiller market dominated the Malaysia Modular Chiller Market by Product Type 2019, thereby, achieving a market value of $56.2 million by 2026. The Air Cooled Modular Chiller market is showcasing a CAGR of 13.5% during (2020 - 2026).
Free Valuable Insights: Modular Chiller Market in Asia Pacific is expected to register a CAGR of 8% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Trane Technologies PLC, Midea Group Co., Ltd., Daikin Industries, Ltd., Mitsubishi Electric Corporation, Haier Group Corporation, Carrier Global Corporation, Multistack International Limited, Gree Electric Appliances, Inc., and Frigel Group.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Water Cooled Modular Chiller
- Air Cooled Modular Chiller
By Application
- Commercial
- Industrial
- Residential
By Capacity
- More than 300 Tons
- Below 300 Tons
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Trane Technologies PLC
- Midea Group Co., Ltd.
- Daikin Industries, Ltd.
- Mitsubishi Electric Corporation
- Haier Group Corporation
- Carrier Global Corporation
- Multistack International Limited
- Gree Electric Appliances, Inc.
- Frigel Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Modular Chiller Market, by Product Type
1.4.2 Asia Pacific Modular Chiller Market, by Application
1.4.3 Asia Pacific Modular Chiller Market, by Capacity
1.4.4 Asia Pacific Modular Chiller Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Product Launches and Product Expansions
3.2.2 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2016, Jun – 2020, Dec) Leading Players
Chapter 4. Asia Pacific Modular Chiller Market by Product Type
4.1 Asia Pacific Water Cooled Modular Chiller Market by Country
4.2 Asia Pacific Air Cooled Modular Chiller Market by Country
Chapter 5. Asia Pacific Modular Chiller Market by Application
5.1 Asia Pacific Modular Chiller Commercial Market by Country
5.2 Asia Pacific Modular Chiller Industrial Market by Country
5.3 Asia Pacific Modular Chiller Residential Market by Country
Chapter 6. Asia Pacific Modular Chiller Market by Capacity
6.1 Asia Pacific More than 300 Tons Modular Chiller Market by Country
6.2 Asia Pacific Below 300 Tons Modular Chiller Market by Country
Chapter 7. Asia Pacific Modular Chiller Market by Country
7.1 China Modular Chiller Market
7.1.1 China Modular Chiller Market by Product Type
7.1.2 China Modular Chiller Market by Application
7.1.3 China Modular Chiller Market by Capacity
7.2 Japan Modular Chiller Market
7.2.1 Japan Modular Chiller Market by Product Type
7.2.2 Japan Modular Chiller Market by Application
7.2.3 Japan Modular Chiller Market by Capacity
7.3 India Modular Chiller Market
7.3.1 India Modular Chiller Market by Product Type
7.3.2 India Modular Chiller Market by Application
7.3.3 India Modular Chiller Market by Capacity
7.4 South Korea Modular Chiller Market
7.4.1 South Korea Modular Chiller Market by Product Type
7.4.2 South Korea Modular Chiller Market by Application
7.4.3 South Korea Modular Chiller Market by Capacity
7.5 Singapore Modular Chiller Market
7.5.1 Singapore Modular Chiller Market by Product Type
7.5.2 Singapore Modular Chiller Market by Application
7.5.3 Singapore Modular Chiller Market by Capacity
7.6 Malaysia Modular Chiller Market
7.6.1 Malaysia Modular Chiller Market by Product Type
7.6.2 Malaysia Modular Chiller Market by Application
7.6.3 Malaysia Modular Chiller Market by Capacity
7.7 Rest of Asia Pacific Modular Chiller Market
7.7.1 Rest of Asia Pacific Modular Chiller Market by Product Type
7.7.2 Rest of Asia Pacific Modular Chiller Market by Application
7.7.3 Rest of Asia Pacific Modular Chiller Market by Capacity
Chapter 8. Company Profiles
8.1 Johnson Controls International PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Trane Technologies PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.3 Midea Group Co., Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research and Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.4 Daikin Industries, Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Mitsubishi Electric Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Haier Group Corporation
8.6.1 Company Overview
8.7 Carrier Global Corporation
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 Multistack International Limited
8.8.1 Company Overview
8.9 Gree Electric Appliances, Inc.
8.9.1 Company Overview
8.10. Frigel Group
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Modular Chiller Market, 2016 - 2019, USD Million
TABLE 2 Asia Pacific Modular Chiller Market, 2020 - 2026, USD Million
TABLE 3 Product Launches And Product Expansions– Modular Chiller Market
TABLE 4 Acquisition and Mergers– Modular Chiller Market
TABLE 5 Asia Pacific Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 6 Asia Pacific Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 7 Asia Pacific Water Cooled Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 8 Asia Pacific Water Cooled Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 9 Asia Pacific Air Cooled Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 10 Asia Pacific Air Cooled Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 11 Asia Pacific Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 12 Asia Pacific Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 13 Asia Pacific Modular Chiller Commercial Market by Country, 2016 - 2019, USD Million
TABLE 14 Asia Pacific Modular Chiller Commercial Market by Country, 2020 - 2026, USD Million
TABLE 15 Asia Pacific Modular Chiller Industrial Market by Country, 2016 - 2019, USD Million
TABLE 16 Asia Pacific Modular Chiller Industrial Market by Country, 2020 - 2026, USD Million
TABLE 17 Asia Pacific Modular Chiller Residential Market by Country, 2016 - 2019, USD Million
TABLE 18 Asia Pacific Modular Chiller Residential Market by Country, 2020 - 2026, USD Million
TABLE 19 Asia Pacific Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 20 Asia Pacific Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 21 Asia Pacific More than 300 Tons Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 22 Asia Pacific More than 300 Tons Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 23 Asia Pacific Below 300 Tons Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 24 Asia Pacific Below 300 Tons Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 25 Asia Pacific Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 26 Asia Pacific Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 27 China Modular Chiller Market, 2016 - 2019, USD Million
TABLE 28 China Modular Chiller Market, 2020 - 2026, USD Million
TABLE 29 China Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 30 China Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 31 China Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 32 China Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 33 China Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 34 China Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 35 Japan Modular Chiller Market, 2016 - 2019, USD Million
TABLE 36 Japan Modular Chiller Market, 2020 - 2026, USD Million
TABLE 37 Japan Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 38 Japan Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 39 Japan Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 40 Japan Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 41 Japan Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 42 Japan Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 43 India Modular Chiller Market, 2016 - 2019, USD Million
TABLE 44 India Modular Chiller Market, 2020 - 2026, USD Million
TABLE 45 India Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 46 India Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 47 India Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 48 India Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 49 India Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 50 India Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 51 South Korea Modular Chiller Market, 2016 - 2019, USD Million
TABLE 52 South Korea Modular Chiller Market, 2020 - 2026, USD Million
TABLE 53 South Korea Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 54 South Korea Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 55 South Korea Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 56 South Korea Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 57 South Korea Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 58 South Korea Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 59 Singapore Modular Chiller Market, 2016 - 2019, USD Million
TABLE 60 Singapore Modular Chiller Market, 2020 - 2026, USD Million
TABLE 61 Singapore Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 62 Singapore Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 63 Singapore Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 64 Singapore Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 65 Singapore Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 66 Singapore Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 67 Malaysia Modular Chiller Market, 2016 - 2019, USD Million
TABLE 68 Malaysia Modular Chiller Market, 2020 - 2026, USD Million
TABLE 69 Malaysia Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 70 Malaysia Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 71 Malaysia Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 72 Malaysia Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 73 Malaysia Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 74 Malaysia Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 75 Rest of Asia Pacific Modular Chiller Market, 2016 - 2019, USD Million
TABLE 76 Rest of Asia Pacific Modular Chiller Market, 2020 - 2026, USD Million
TABLE 77 Rest of Asia Pacific Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 78 Rest of Asia Pacific Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 79 Rest of Asia Pacific Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 80 Rest of Asia Pacific Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 81 Rest of Asia Pacific Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 82 Rest of Asia Pacific Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 83 Key Information – Johnson Controls International PLC
TABLE 84 Key Information – Trane Technologies PLC
TABLE 85 key Information – Midea Group Co., Ltd.
TABLE 86 Key information – Daikin Industries, Ltd.
TABLE 87 key information – Mitsubishi Electric Corporation
TABLE 88 Key Information – Haier Group Corporation
TABLE 89 Key Information – Carrier Global Corporation
TABLE 90 Key Information – Multistack International Limited
TABLE 91 Key Information – Gree Electric Appliances, Inc.
TABLE 92 key Information – Frigel Group
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2016, Jun – 2020, Dec) Leading Players
FIG 5 swot analsyis: Johnson controls international plc
FIG 6 Recent strategies and developments: Daikin Industries Ltd.
FIG 7 SWOT Analysis: Daikin Industries Ltd.
FIG 8 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 9 SWOT Analysis: Mitsubishi Electric Corporation