The North America Modular Chiller Market would witness market growth of 7.6% CAGR during the forecast period (2020-2026).
Modular chillers provide an array of advantages to the commercial or industrial HVAC system & the facility overall. For instance, they are small in size than traditional chillers; hence they are suitable for retrofitting old heating & air conditioning device. In comparison with a traditional chiller, the modules can be easily attached to an existing HVAC system. In addition, multiple modules provide additional redundancy to the system. This could mean that there is a low downtime if one module fails to function as every module has its own dedicated power, so it can continue to generate cooling capacity for the system.
Modular chillers provide some other advantages such as energy efficiency & decreased environmental impact. Modular chillers can be used in heat pumps, so they are capable of providing heating capacity & cooling capacity. With the help of this feature, it becomes easier to provide cool or heat to your system as required while conducting commercial or industrial processes.
Emerging technologies such as machine learning and the Internet of Things (IoT) have managed to penetrate the lives of people. Various key players get attracted to the latest trend of home automation. Due to this trend, domestic chillers are also experiencing this change. Integrating the technologies to the products enables the players to offer advantages like remote access, predictive maintenance, and power usage monitoring to the users.
Also, with the sensors installed in every module of the chiller, players can obtain data that can aid them in further enhance the performance. Due to these emerging technologies & their advantages, people in several countries are integrating modular chillers at their residence. This further boosts the growth of the modular chillers market during the forecast period.
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 U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Modular Chiller Industrial Market by Country 2019, thereby, achieving a market value of $209.8 million by 2026. The Canada market is experiencing a CAGR of 9.8% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 8.8% during the forecast period.
The More than 300 Tons market dominated the Canada Modular Chiller Market by Capacity 2019, growing at a CAGR of 9.2 % during the forecast period. The Below 300 Tons market would exhibit highest CAGR of 11.7% during (2020 - 2026).
Free Valuable Insights: Modular Chiller Market in North America is expected to register a CAGR of 7.6% 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Modular Chiller Market, by Product Type
1.4.2 North America Modular Chiller Market, by Application
1.4.3 North America Modular Chiller Market, by Capacity
1.4.4 North America 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. North America Modular Chiller Market by Product Type
4.1 North America Water Cooled Modular Chiller Market by Country
4.2 North America Air Cooled Modular Chiller Market by Country
Chapter 5. North America Modular Chiller Market by Application
5.1 North America Modular Chiller Commercial Market by Country
5.2 North America Modular Chiller Industrial Market by Country
5.3 North America Modular Chiller Residential Market by Country
Chapter 6. North America Modular Chiller Market by Capacity
6.1 North America More than 300 Tons Modular Chiller Market by Country
6.2 North America Below 300 Tons Modular Chiller Market by Country
Chapter 7. North America Modular Chiller Market by Country
7.1 US Modular Chiller Market
7.1.1 US Modular Chiller Market by Product Type
7.1.2 US Modular Chiller Market by Application
7.1.3 US Modular Chiller Market by Capacity
7.2 Canada Modular Chiller Market
7.2.1 Canada Modular Chiller Market by Product Type
7.2.2 Canada Modular Chiller Market by Application
7.2.3 Canada Modular Chiller Market by Capacity
7.3 Mexico Modular Chiller Market
7.3.1 Mexico Modular Chiller Market by Product Type
7.3.2 Mexico Modular Chiller Market by Application
7.3.3 Mexico Modular Chiller Market by Capacity
7.4 Rest of North America Modular Chiller Market
7.4.1 Rest of North America Modular Chiller Market by Product Type
7.4.2 Rest of North America Modular Chiller Market by Application
7.4.3 Rest of North America 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 North America Modular Chiller Market, 2016 - 2019, USD Million
TABLE 2 North America 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 North America Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 6 North America Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 7 North America Water Cooled Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 8 North America Water Cooled Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 9 North America Air Cooled Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 10 North America Air Cooled Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 11 North America Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 12 North America Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 13 North America Modular Chiller Commercial Market by Country, 2016 - 2019, USD Million
TABLE 14 North America Modular Chiller Commercial Market by Country, 2020 - 2026, USD Million
TABLE 15 North America Modular Chiller Industrial Market by Country, 2016 - 2019, USD Million
TABLE 16 North America Modular Chiller Industrial Market by Country, 2020 - 2026, USD Million
TABLE 17 North America Modular Chiller Residential Market by Country, 2016 - 2019, USD Million
TABLE 18 North America Modular Chiller Residential Market by Country, 2020 - 2026, USD Million
TABLE 19 North America Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 20 North America Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 21 North America More than 300 Tons Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 22 North America More than 300 Tons Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 23 North America Below 300 Tons Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 24 North America Below 300 Tons Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 25 North America Modular Chiller Market by Country, 2016 - 2019, USD Million
TABLE 26 North America Modular Chiller Market by Country, 2020 - 2026, USD Million
TABLE 27 US Modular Chiller Market, 2016 - 2019, USD Million
TABLE 28 US Modular Chiller Market, 2020 - 2026, USD Million
TABLE 29 US Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 30 US Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 31 US Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 32 US Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 33 US Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 34 US Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 35 Canada Modular Chiller Market, 2016 - 2019, USD Million
TABLE 36 Canada Modular Chiller Market, 2020 - 2026, USD Million
TABLE 37 Canada Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 38 Canada Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 39 Canada Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 40 Canada Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 41 Canada Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 42 Canada Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 43 Mexico Modular Chiller Market, 2016 - 2019, USD Million
TABLE 44 Mexico Modular Chiller Market, 2020 - 2026, USD Million
TABLE 45 Mexico Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 46 Mexico Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 47 Mexico Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 48 Mexico Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 49 Mexico Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 50 Mexico Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 51 Rest of North America Modular Chiller Market, 2016 - 2019, USD Million
TABLE 52 Rest of North America Modular Chiller Market, 2020 - 2026, USD Million
TABLE 53 Rest of North America Modular Chiller Market by Product Type, 2016 - 2019, USD Million
TABLE 54 Rest of North America Modular Chiller Market by Product Type, 2020 - 2026, USD Million
TABLE 55 Rest of North America Modular Chiller Market by Application, 2016 - 2019, USD Million
TABLE 56 Rest of North America Modular Chiller Market by Application, 2020 - 2026, USD Million
TABLE 57 Rest of North America Modular Chiller Market by Capacity, 2016 - 2019, USD Million
TABLE 58 Rest of North America Modular Chiller Market by Capacity, 2020 - 2026, USD Million
TABLE 59 Key Information – Johnson Controls International PLC
TABLE 60 Key Information – Trane Technologies PLC
TABLE 61 key Information – Midea Group Co., Ltd.
TABLE 62 Key information – Daikin Industries, Ltd.
TABLE 63 key information – Mitsubishi Electric Corporation
TABLE 64 Key Information – Haier Group Corporation
TABLE 65 Key Information – Carrier Global Corporation
TABLE 66 Key Information – Multistack International Limited
TABLE 67 Key Information – Gree Electric Appliances, Inc.
TABLE 68 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