#MEA Modular Chillers Market

[shobhitrathore]

MEA Modular Chillers Market Opportunities & Forecast, 2020-2027

The market report is a historical overview and in-depth study on the current and future market. The report also offers a basic overview of the market size, share, leading players, top regions with major countries data, and a detailed segmentation description. It investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The major players in the MEA Modular Chillers Market include:

·         Multistack LLC.

·         Frigel Firenze S.p.A.

·         Midea

·         Johnson Controls.

·         Carrier

·         Gree Electric Appliances Inc.

·         Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A.

·         Ingersoll-Rand Inc.

·         Armec

·         LG Electronics

Key Drivers of the MEA Modular Chillers Market:

The primary factor boosting the growth of the MEA modular chillers market include the rising adoption for HVAC systems in the developing countries such as Saudi Arabia and U.A.E. There has been an increase in the number of commercial construction projects and smart cities projects, especially in the developing economies of the region such as U.A.E and Saudi Arabia. The growing adoption of modular chillers in several upcoming mega projects such as King Salman Park, NEOM, Saudi Vision 2030, Qatar FIFA World Cup 2022, Dubai World Expo 2020, and Konza Technology City is one of the factors propelling the growth of the MEA modular chillers market size in the region.

Additionally, favorable government initiatives pertaining to FDI in the construction sector and raised spending by the government on infrastructure projects are some other important drivers that are surging the growth of the market. According to the MEA modular chillers market report, the demand for energy-efficient modular chillers among the end-users is rising at a substantial rate due to strict regulations related to carbon emissions. For example, The U.A.E. Ministry for Commerce and Industry issued Federal Law No. 21 Energy Efficiency Standards Labelling (EESL), which aims to reduce energy consumption. The decreased energy efficiency COP (Energy Efficiency Ratio) for air-cooled package chiller is 8.50 to 9.50, and water-cooled chiller is 13.50 to 17.00.

The MEA modular chillers market will witness negative influence by the slowdown in the commercial, industrial, and residential construction sector owing to the COVID-19 pandemic in 2020. This factor will impact the sales of the modular chiller in the MEA region. The major reason behind the significant fall in the supplies of various components of modular chillers from China hinders the production of modular chillers worldwide. The distributors are worried that the customers may not buy these products in the upcoming years due to the fear of contracting the virus using modular chillers in their offices, homes, and factories. Moreover, the market is projected to fall significantly in 2020 but will bounce back at a significantly higher rate by 2021. Thereafter, the market will register strong growth until 2027.

Segmentation of the MEA Modular Chillers Market:

The major regions covered in the report are North America, Europe, Asia-Pacific, and the Rest of the world. It also contains regional volume and revenue of the forecast period. Moreover, it helps the reader to understand accurate data on volume sales according to the consumption for the same years.

On the basis of type, this report displays the production, revenue, price, market share, and overall growth rate of each type, primarily split into:

·         Water-Cooled

·         Air-Cooled

On the basis of application, this report displays the production, revenue, price, market share, and overall growth rate of each application, primarily split into:

·         Commercial

·         Residential

·         Industrial

On the basis of countries, this report displays the production, revenue, price, market share, and overall growth rate of each countries, primarily split into:

·         UAE

·         Saudi Arabia

·         Oman

·         Kuwait

·         South Africa

·         Nigeria

·         Algeria

·         Kenya

·         Rest of MEA

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[jenmichel]

MEA Modular Chillers Market is projected to grow up to USD 4.1 billion by 2027 growing at a CAGR of 6.5% during the forecasting period 2021-2027.

The modular chiller is a self-contained machine for producing chilled water. It's the most important part of the HVAC system. All system components, including the compressor, condenser, expansion device, and evaporator, are pre-engineered and produced. It works equally effectively in an open area with an enclosure to protect the components from the elements as it does in a building mechanical room without one. The increasing adoption of HVAC systems in emerging economies such as Saudi Arabia and the United Arab Emirates is a major driver driving market expansion. The number of commercial building projects as well as smart city initiatives has increased significantly, particularly in the region's important economies such as Saudi Arabia and the United Arab Emirates. Favorable government efforts relating to FDI in the construction sector, as well as rising government spending on infrastructure projects, are some additional major factors driving market expansion. Furthermore, due to the presence of tight carbon emission rules, end-user demand for energy-efficient modular chillers is developing at a rapid rate.

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Refrigerated Display Cases Market 2021 Segmentation and Analysis by Recent Trends, consumption by Regional data, Development, Investigation, Growth by to 2031

A comprehensive research publication by Future Market Insights titled “Refrigerated Display Cases Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027” is focussed on understanding the worldwide demand and consumption of refrigerated display cases, the key aspects influencing customer purchase decisions, the key areas of innovations, the enhancement of features of refrigerated display cases and key industry developments across major geographies along with impact analysis in 2017 and forecast scrutiny pertaining to value and volume of the global refrigerated display cases Industry market till 2027.

Global Refrigerated Display Cases Market: Forecast

After an in-depth investigation of the global refrigerated display cases market, Future Market Insights predicts a revenue growth of about US$ 16 Bn by the end of 2027, reflecting a CAGR of 6.2% during the period of forecast.

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Global Refrigerated Display Cases Market: Segmental Analysis

The global refrigerated display cases market is categorised by product type, by construction, by end user and by region. By product type, it is segmented into plug-in device and remote operated device. By construction it is segmented into horizontal, hybrid and vertical. By end user it is segmented into food service sector and retail food and beverage sector; and by region, the market is divided into North America, Western Europe, Eastern Europe, Latin America, APEJ, Japan and Middle East and Africa (MEA).

Remote operated device segment is poised to dominate the global refrigerated display cases market by product type by reflecting a higher market share and is poised to grow at a high CAGR of 6.5% during the period of forecast. Demand in the plug-in device market is also rising, especially in emerging economies. The plug-in device segment is poised to reflect a CAGR of 5.8% in terms of value. The remote operated device segment is expected to reflect a market share of more than 55% by the end of 2027.

Vertical segment by construction is expected to dominate the market with respect to market value and is anticipated to grow at a CAGR of 6.4% throughout the period of forecast. The hybrid segment is anticipated to register the highest growth rate to reflect a CAGR of 6.7% during the forecast period.

Retail food and beverage sector segment by end user is anticipated to grow at a higher growth rate to reflect a CAGR of 6.4% during the period of forecast. This segment dominates the global refrigerated display cases market by end user with respect to market value as it is expected to reach a value of just under US$ 13 Bn by the end of 2027. Market value of the food service sector segment is less compared to that of the retail food and beverage sector segment and is poised to grow at a CAGR of 5.1% throughout the period of forecast.

APEJ to Reflect Speedy Growth Throughout the Forecast Period

The APEJ region shows a high growth to register a CAGR of 9.0% throughout the period of forecast surpassing North America and Western Europe in terms of demand. Rapid urbanisation and increasing income levels in India, China and South Korea are the main contributors for growth of the APEJ region in the global refrigerated display cases market. Moreover, along with a growing population and rising demand for food, the FMCG market has been performing well in the region and major retail chains are shifting their focus towards expanding their footprint in APEJ countries. This has spurred the growth of the refrigerated display cases market in this region. Another trend observed in APEJ is the shift of manufacturing base to this region. Besides enhancing technology, maintaining overall product cost is also a key concern for manufacturers. In order to decrease the cost of manufacturing, some players in the market have established their production facilities in countries such as China, Indonesia and India, where labour costs are relatively low as compared to other countries. North America and Western Europe are expected to face maturity in the coming years.

Competitive Landscape

The research report on the global refrigerated display cases market has profiled tier players involved in the refrigerated display cases market such as Panasonic Corporation, Dover Corporation, Frigoglass SAIC, Arneg S.p.A, AHT Cooling System GmbH, Illinois Tool Work Inc., Epta S.p.a. Refrigeration, Standex International Corporation, Lennox International Inc., United Technologies Corp., Metalfrio Solutions, Inc., Clabo Group, True Manufacturing, Carter Retail Equipment Ltd., Nakano Refrigerators Co. Ltd., QBD Modular Systems Inc., Zero Zone Inc., Igloo International, Marc Refrigeration Manufacturing, Inc., Aucma Co., Ltd., Haier Carrier, Isa S.p.a., Borgen Systems and Koxka.

Table Of Content

1. Executive Summary

   1.1. Market Overview

   1.2. Market Analysis

   1.3. FMI Analysis and Recommendations

   1.4. Wheel of Fortune

2. Market Introduction

   2.1. Market Taxonomy

   2.2. Market Definition

   2.3. Parent Market Overview

3. Market Viewpoint

   3.1. Macro-Economic Factors

   3.2. Global Heating & Cooling Equipment Industry Overview

   3.3. Heating and Cooling Equipment Industry Scenario Vs. Refrigerated Display Cases Industry Scenario

   3.4. Global Commercial Refrigeration Equipment Market

   3.5. Key Factors Influencing Commercial Refrigeration Systems Purchase Decision-making

   3.6. Commercial Refrigeration Equipment – Product Replacement Rates

   3.7. Commercial Refrigeration Equipment – Application Matrix

   3.8. Patent Analysis – Key Area of Innovations

   3.9. How Properties And Features of RDC has Enhanced Over Past Decade?

   3.10. Manufacturing Hubs for Refrigerated Display Cases

   3.11. Key Industry Developments Over The Past Five Years

   3.12. Prospective Line of R&D

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Absorption Chiller Industry Growth Rate, Share, Value Forecast 2021

The global absorption chiller market is segmented on the basis of types, refrigerant, packaging of chillers, applications, end use sector, and region. Absorption chillers use heat to drive the refrigeration cycle, they produce chilled water while consuming just a small amount of electricity to run the pumps on the unit. Absorption chillers generally use steam or hot water to drive the lithium bromide refrigeration cycle but can also use other heat sources. The cooling effect is driven by heat energy, rather than mechanical energy.

Absorption chillers have many advantages over conventional chillers, including low noise levels, improved efficiency, and lower operational & maintenance costs. These factors make absorption chillers an appealing option in the refrigeration sector. Moreover, these chillers are eco-friendly, due to lower emissions of gas and other pollutants during their operation. On the other hand, adoption of absorption chillers results in high risk of deterioration and may also damage an entire unit in case of air leakage from the main panel.

Browse Detail Market Report @ https://www.millioninsights.com/industry-reports/absorption-chiller-market  

Based on type, the absorption chiller market is classified into direct or indirect-fired, and as single, double or triple-effect. In direct-fired units, the heat source can be gas or some other fuel that is burned in the unit.

Single effect cycle refers to the transfer of fluids through the four major components of the refrigeration machine such as evaporator, absorber, generator and condenser. Double effect differs from the single-effect, there are two condensers and two generators to allow for more refrigerant boil-off from the absorbent solution. Triple effect is under development, and is also the next step in evolution of absorption technology.

Based on refrigerant, the absorption chiller market is classified into Ammonia, Lithium Bromide (Brine). The LiBr/H2O system uses lithium bromide as the absorber and water as the refrigerant. The ammonia-water system uses water as the absorber and ammonia as the refrigerant.

Request Sample Copy of Market Research @ https://www.millioninsights.com/industry-reports/absorption-chiller-market/request-sample  

Based on packaging of chillers, the absorption chiller market is classified into modular chillers, and packaged chillers. On the basis of applications, the market is classified into food storage, and air conditioning. Based on end use sector, the market is bifurcated into industrial, commercial, and residential.

Geographically, the global market spans into North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U. K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC, S. Africa, N. Africa). North America accounts for the largest market share of absorption chiller market and is expected to lead the global market during the forecast period. This is due to strong adoption from the regions food processing and petroleum industries.

In Europe, growth of the absorption chillers market is estimated to be determined by steady demand from the frozen food sector. Asia Pacific and Middle East & Africa (MEA) are expected to bid considerable growth opportunities to absorption chillers manufacturers. This is due to overall economic growth in the region. Steady growth in the region’s food processing sector, especially frozen food, is expected to ramp up demand during the forecast period.

The global key players are Thermax Ltd, Helioclim, MultiChill Technologies Inc, Kirloskar Pneumatic Company Ltd, World Energy Absorption Chillers Europe Ltd, LG Air Conditioning (Shandong) Co., Ltd., Hitachi Appliances Inc., EAW Energieanlagenbau GmbH, Carrier Corporation, Century Corporation, and Yazaki Energy Systems Inc.

[radiantinsightsinc-blog]

Absorption Chiller Market Research Report From 2016 To 2021

Absorption chillers use heat to drive the refrigeration cycle, they produce chilled water while consuming just a small amount of electricity to run the pumps on the unit. Absorption chillers generally use steam or hot water to drive the lithium bromide refrigeration cycle but can also use other heat sources. The cooling effect is driven by heat energy, rather than mechanical energy. Absorption chillers have many advantages over conventional chillers, including low noise levels, improved efficiency, and lower operational & maintenance costs. These factors make absorption chillers an appealing option in the refrigeration sector. Moreover, these chillers are eco-friendly, due to lower emissions of gas and other pollutants during their operation. On the other hand, adoption of absorption chillers is the high risk of deterioration and damage to the entire unit in case of air leakage from the main panel. The global Absorption Chiller Market is segmented on the basis of types, refrigerant, packaging of chillers, applications, end use sector, and region. On the basis of type, the global market is classified into direct- or indirect-fired, and as single, double - or triple-effect. In direct-fired units, the heat source can be gas or some other fuel that is burned in the unit. Single effect – “cycle” refers to the transfer of fluids through the four major components of the refrigeration machine – evaporator, absorber, generator and condenser. Double effect – differs from the single-effect, there are two condensers and two generators to allow for more refrigerant boil-off from the absorbent solution. Triple effect – these are under development, as the next step in the evolution of absorption technology. On the basis of refrigerant, the global market is classified into Ammonia, Lithium Bromide (Brine). The LiBr/H2O system uses lithium bromide as the absorber and water as the refrigerant. The ammonia-water system uses water as the absorber and ammonia as the refrigerant. On the basis of packaging of chillers, the global market is classified into modular chillers, and packaged chillers. On the basis of applications, the global market is classified into food storage, and air conditioning. On the basis of end use sector, the global market is classified into industrial, commercial, and residential. Access Complete Report With TOC @ http://www.radiantinsights.com/research/global-absorption-chiller-2021 Geographically, the global market is segmented into North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC, S. Africa, N. Africa). North America accounts for the largest market share of absorption chiller market and is expected to lead the global market during the forecast period. This is due to strong adoption from the regions food processing and petroleum industries. In Europe, growth of the absorption chillers market is estimated to be determined by steady demand from the frozen food sector. Asia Pacific and Middle East & Africa (MEA) are expected to bidconsiderable growth opportunities to absorption chillers manufacturers. This is due to overall economic growth in the region. Steady growth in the region’s food processing sector, especially frozen food, is expected to ramp up demand during the forecast period. The key players are Thermax Ltd, Helioclim, MultiChill Technologies Inc, Kirloskar Pneumatic Company Ltd, World Energy Absorption Chillers Europe Ltd, LG Air Conditioning (Shandong) Co., Ltd., Hitachi Appliances Inc., EAW Energieanlagenbau GmbH, Carrier Corporation, Century Corporation, and Yazaki Energy Systems Inc. Request A Sample Copy Of This Report at: http://www.radiantinsights.com/research/global-absorption-chiller-2021/request-sample