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Modular Chillers Market Poised for Significant Growth by 2025

The global modular chillers market is on a trajectory of robust expansion, driven by the increasing demand for energy-efficient cooling solutions across various sectors. In 2024, the market was valued at approximately USD 2.85 billion and is projected to reach about USD 4.79 billion by 2034, growing at a compound annual growth rate (CAGR) of 6% during the forecast period. Key Drivers of Market Growth Energy Efficiency and Sustainability : As industries and commercial establishments prioritize reducing energy consumption and carbon footprints, modular chillers have emerged as a preferred solution. Their design allows for scalable cooling capacity, optimizing energy use based on real-time demand. Technological Advancements : Innovations in modular chiller technology have enhanced performance, reliability, and integration capabilities with modern building management systems. Features such as advanced controls, improved refrigerants, an...