Modular Chillers Market Size Worth $3.93 Billion By 2027 | CAGR: 6.0%: Grand View Research, Inc.
SAN FRANCISCO, Aug. 5, 2020 /PRNewswire/ -- The global modular chillers market size is expected to reach USD 3.93 billion by 2027, exhibiting a CAGR of 6.0% during the forecast period, according to a new report by Grand View Research, Inc. Rising awareness regarding environment-friendly construction products coupled with modular chillers' compliance with ASHRAE Standard 15 mechanical ventilation standards is expected to drive the growth. Increasing construction spending in the emerging economies of Asia Pacific on account of strong industrial and economic development coupled with population expansion is anticipated to have a positive impact on the product demand. Favorable government policies for lowering carbon footprints and providing energy-efficient solutions are expected to complement growth.
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Read 162 page research report with ToC on "Modular Chillers Market Size, Share & Trends Analysis Report By Product (Water-cooled, Air-cooled), By End-use (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/modular-chiller-market
Supply chain disruptions coupled with low modular chillers demand are expected to limit market growth in 2020. In addition, the misconception regarding the possibility of contracting COVID-19 through centralized cooling systems and air conditioners is likely to impact the adoption of modular chillers in manufacturing facilities, corporate offices, and residential buildings negatively.
Grand View Research has segmented the global modular chillers market on the basis of product, end-use, and region:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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