The operator of a modular chiller can also switch to the additional parallel unit in case one unit stops working and cooling is required. This enables increased cooling capacity with no substantial downtime. This is because the capacity of these systems can be raised by adding a parallel module. Heating, ventilation, and air conditioning (HVAC) applications require no idle time in modular chillers. The high initial cost includes installation cost as well as electricity consumption. However, the high initial cost along with stringent regulations is estimated to hinder the market growth. Furthermore, increasing awareness regarding energy-efficient equipment owing to growing awareness regarding environmental degradation is also expected to fuel the market growth ![]() ![]() The market is anticipated to be driven by the rising government spending on upgrading the public infrastructure coupled with concurrent heating & cooling ability. Modular chillers are small packaged chillers with which a HVAC provider can combine with other chillers in order to build a single large machine into a HVAC system. Request To Download Sample of This Strategic Report: – ![]() The market volume in 2020 was around 30,423 units. The market is expected to grow at a CAGR of 5.6% over the forecast period. ![]() The Europe & South East Asia (SEA) modular chiller market held a market value of USD 548.8 Million in 2020 and is forecasted to reach USD 783.4 Million by the year 2027.
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