Modular chillers market projected to reach $5.07 billion by 2032, driven by sustainability

From GlobeNewswire: 2025-05-20 10:00:00

The Modular Chillers Market was valued at USD 2.93 billion in 2023, projected to reach USD 5.07 billion by 2032 with a CAGR of 6.33%. Driven by sustainability awareness and rising energy costs, the market is rapidly growing, particularly in the US, where it is expected to reach USD 0.63 billion by 2032.

Key players in the market include Trane Technologies, GREE ELECTRIC, Carrier Corporation, FRIGEL FIRENZE, and more, offering a variety of modular chillers for different sectors. Water-cooled systems dominate the market, especially in the commercial sector, accounting for 61.40% of revenue share in 2023.

The Asia Pacific region leads the Modular Chillers Market, with the MEA region projected to see significant growth at a CAGR of 5.99% through 2032. Rapid urbanization, industrial growth, and government support for green initiatives are driving market demand, especially for energy-efficient HVAC systems in smart infrastructure projects.

Recent developments include Johnson Controls’ plans for an eco-friendly engineering center and Airedale International’s introduction of new modular chillers with reduced global warming potential. The market report covers market size, segments analysis, competitive landscape, regional analysis, and key drivers influencing market growth.

For more information and customization options, visit the Modular Chillers Market report at https://www.snsinsider.com/checkout/6599. Stay informed with trending reports on the Chillers Market, Cooling Tower Market, and Industrial Cooling System Market for insights and forecasts up to 2032. SNS Insider provides reliable market research and consulting services globally to help clients make informed decisions in changing market conditions.



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