Market Overview:
The global air-cooled modular chillers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for air-cooled modular chillers from various end-use industries, such as CNC machine tools, coordinate boring machines, grinding machines, machining centers and others. In addition, the growing demand for energy efficient and environment friendly cooling solutions is also contributing to the growth of this market.
Product Definition:
Air-Cooled Modular Chillers are a type of industrial chiller that use air to cool the condenser. This type of chiller is important because it can be easily installed and relocated, making it a good choice for many industries.
Single-cooling Type:
Single-cooling type modular chillers are used for air-cooled chiller applications. These chillers can be used in both new as well as existing plant set-ups. The single cooling tower is mounted on the roof of the building and it has direct water connection to its condenser, which minimizes evaporative losses due to a dip in temperature of the water during transportation. This system provides low operating costs and high energy efficiency owing to its simple design and operation.
Heat Pump Type:
The heat pump is an electrical device that extracts heat from one location and transfers it to another. The main function of a heat pump is to move thermal energy from one place to another for heating or cooling the area. Heat pumps can be used for both heating and cooling purposes, but they are typically used for heating applications as they can achieve higher efficiencies than air-conditioners in terms of cost per unit power (kW/BTU).
Application Insights:
The other application segment includes chemical, food and beverage, and medical equipment. The air-cooled modular chillers find applications in a wide range of industries including automotive, aerospace & defense, CNC machine tools, grinding machines for mining equipment manufacturers as well as medical equipment manufacturers.
The Coordinate boring machines (CBM) segment is expected to grow at the highest CAGR over the forecast period owing to its ability to bore accurately through any type of surface including ceramics or glass without causing damage. It also allows easy changes in bit size and direction which makes it ideal for multiplexing large numbers of holes with little effort. These coolers are used across various industries such as metal cutting where accuracy matters along with high precision machining centers that require precise temperature control during operations for improved efficiency and productivity.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for CNC machines, coordinate boring machines, and other machining centers from China. Furthermore, rising awareness regarding energy-efficient products among manufacturers in this region will drive the product demand further.
The growing manufacturing sector in India is also anticipated to fuel regional product demand over the forecast period. In addition, favorable government initiatives such as “Make in India†campaign are expected to create ample opportunities for foreign investors who are willing to set up their production facilities in India owing to low labor costs associated with it compared with China or Japan. This factor will further boost regional market growth during the projected time frame.
Europe was estimated as a significant player of this industry on account of presence of prominent players such as Siemens AG; ABB Ltd.
Growth Factors:
- Increasing demand for air-cooled modular chillers from the HVAC industry as a result of growing construction and infrastructure activities across the globe.
- Rising demand for energy-efficient air-cooled modular chillers from various industrial sectors to meet stringent environmental regulations.
- Proliferation of data centers and server rooms, which is expected to drive the demand for air-cooled modular chillers in the near future.
- Growing popularity of variable refrigerant flow (VRF) systems, which is projected to boost the sales of air-cooled modular chillers in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Air-Cooled Modular Chillers Market Research Report
By Type
Single-cooling Type, Heat Pump Type
By Application
CNC Machine Tools, Coordinate Boring Machines, Grinding Machines, Machining Centers, Modular Machine Tools, Others
By Companies
Trane, Gree, Carrier Corporation, Frigel Firenze, Midea Group, Multistack, Mcquay Air-Conditioning, Johnson Controls Hitachi, Qingdao Haier, Mitsubishi Electric, Aermec, Climacool, LG Electronics, Suzhou Sujing Bush Refrigeration Equipment, Tica Climate Solutions, Withair Industries, Arctic Chiller Group, Tandem Chillers
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Air-Cooled Modular Chillers Market Report Segments:
The global Air-Cooled Modular Chillers market is segmented on the basis of:
Types
Single-cooling Type, Heat Pump Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
CNC Machine Tools, Coordinate Boring Machines, Grinding Machines, Machining Centers, Modular Machine Tools, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trane
- Gree
- Carrier Corporation
- Frigel Firenze
- Midea Group
- Multistack
- Mcquay Air-Conditioning
- Johnson Controls Hitachi
- Qingdao Haier
- Mitsubishi Electric
- Aermec
- Climacool
- LG Electronics
- Suzhou Sujing Bush Refrigeration Equipment
- Tica Climate Solutions
- Withair Industries
- Arctic Chiller Group
- Tandem Chillers
Highlights of The Air-Cooled Modular Chillers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-cooling Type
- Heat Pump Type
- By Application:
- CNC Machine Tools
- Coordinate Boring Machines
- Grinding Machines
- Machining Centers
- Modular Machine Tools
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air-Cooled Modular Chillers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air-cooled modular chillers are a type of air-conditioning unit that uses refrigerant to cool the air. These units are typically smaller and more compact than traditional AC units, making them easier to install and use. They also tend to be less expensive than traditional AC units, making them an ideal option for small businesses or homes that don't need the extra cooling capacity of a larger unit.
Some of the key players operating in the air-cooled modular chillers market are Trane, Gree, Carrier Corporation, Frigel Firenze, Midea Group, Multistack, Mcquay Air-Conditioning, Johnson Controls Hitachi, Qingdao Haier, Mitsubishi Electric, Aermec, Climacool, LG Electronics, Suzhou Sujing Bush Refrigeration Equipment, Tica Climate Solutions, Withair Industries, Arctic Chiller Group, Tandem Chillers.
The air-cooled modular chillers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Air-Cooled Modular Chillers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Air-Cooled Modular Chillers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Air-Cooled Modular Chillers Market - Supply Chain
4.5. Global Air-Cooled Modular Chillers Market Forecast
4.5.1. Air-Cooled Modular Chillers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Air-Cooled Modular Chillers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Air-Cooled Modular Chillers Market Absolute $ Opportunity
5. Global Air-Cooled Modular Chillers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Air-Cooled Modular Chillers Market Size and Volume Forecast by Type
5.3.1. Single-cooling Type
5.3.2. Heat Pump Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Air-Cooled Modular Chillers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Air-Cooled Modular Chillers Market Size and Volume Forecast by Application
6.3.1. CNC Machine Tools
6.3.2. Coordinate Boring Machines
6.3.3. Grinding Machines
6.3.4. Machining Centers
6.3.5. Modular Machine Tools
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Air-Cooled Modular Chillers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Air-Cooled Modular Chillers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Air-Cooled Modular Chillers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Air-Cooled Modular Chillers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Air-Cooled Modular Chillers Demand Share Forecast, 2019-2026
9. North America Air-Cooled Modular Chillers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Air-Cooled Modular Chillers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Air-Cooled Modular Chillers Market Size and Volume Forecast by Application
9.4.1. CNC Machine Tools
9.4.2. Coordinate Boring Machines
9.4.3. Grinding Machines
9.4.4. Machining Centers
9.4.5. Modular Machine Tools
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Air-Cooled Modular Chillers Market Size and Volume Forecast by Type
9.7.1. Single-cooling Type
9.7.2. Heat Pump Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Air-Cooled Modular Chillers Demand Share Forecast, 2019-2026
10. Latin America Air-Cooled Modular Chillers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Air-Cooled Modular Chillers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Air-Cooled Modular Chillers Market Size and Volume Forecast by Application
10.4.1. CNC Machine Tools
10.4.2. Coordinate Boring Machines
10.4.3. Grinding Machines
10.4.4. Machining Centers
10.4.5. Modular Machine Tools
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Air-Cooled Modular Chillers Market Size and Volume Forecast by Type
10.7.1. Single-cooling Type
10.7.2. Heat Pump Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Air-Cooled Modular Chillers Demand Share Forecast, 2019-2026
11. Europe Air-Cooled Modular Chillers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Air-Cooled Modular Chillers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Air-Cooled Modular Chillers Market Size and Volume Forecast by Application
11.4.1. CNC Machine Tools
11.4.2. Coordinate Boring Machines
11.4.3. Grinding Machines
11.4.4. Machining Centers
11.4.5. Modular Machine Tools
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Air-Cooled Modular Chillers Market Size and Volume Forecast by Type
11.7.1. Single-cooling Type
11.7.2. Heat Pump Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Air-Cooled Modular Chillers Demand Share, 2019-2026
12. Asia Pacific Air-Cooled Modular Chillers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Air-Cooled Modular Chillers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Air-Cooled Modular Chillers Market Size and Volume Forecast by Application
12.4.1. CNC Machine Tools
12.4.2. Coordinate Boring Machines
12.4.3. Grinding Machines
12.4.4. Machining Centers
12.4.5. Modular Machine Tools
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Air-Cooled Modular Chillers Market Size and Volume Forecast by Type
12.7.1. Single-cooling Type
12.7.2. Heat Pump Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Air-Cooled Modular Chillers Demand Share, 2019-2026
13. Middle East & Africa Air-Cooled Modular Chillers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Air-Cooled Modular Chillers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Air-Cooled Modular Chillers Market Size and Volume Forecast by Application
13.4.1. CNC Machine Tools
13.4.2. Coordinate Boring Machines
13.4.3. Grinding Machines
13.4.4. Machining Centers
13.4.5. Modular Machine Tools
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Air-Cooled Modular Chillers Market Size and Volume Forecast by Type
13.7.1. Single-cooling Type
13.7.2. Heat Pump Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Air-Cooled Modular Chillers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Air-Cooled Modular Chillers Market: Market Share Analysis
14.2. Air-Cooled Modular Chillers Distributors and Customers
14.3. Air-Cooled Modular Chillers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Trane
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gree
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Carrier Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Frigel Firenze
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Midea Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Multistack
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mcquay Air-Conditioning
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Johnson Controls Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Qingdao Haier
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aermec
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Climacool
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LG Electronics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Suzhou Sujing Bush Refrigeration Equipment
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tica Climate Solutions
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Withair Industries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Arctic Chiller Group
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tandem Chillers
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
