Modular Chillers Market Share Analysis Report, 2027
Modular Chillers Market According to GMI Research, the modular chillers market is predicted to grow at a CAGR of 4% during the forecast period (2020-2027) and is expected to reach USD 4,777 million by 2027. The factors driving the growth of Modular Chillers Market includes, increasing demand for energy efficient buildings, strict Government regulations about carbon emissions and growing use of modular chillers in residential, commercial, and Industrial areas. Moreover, Modular Chillers provides benefits such as enhanced cooling capacity, extra redundancy to the system, energy efficiency, adaptability to heat pumps and reduces the negative impact on environment. The increasing growth of construction industry along with rising Government support for the installation of HVAC systems and growing disposable incomes around the world, are some of the factors augmenting the growth of Modular Chillers Market. According to ICRA, the mining and construction equipment industry is expected to...