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(Wireless-NewsWire.Com, September 01, 2021 ) 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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The slowdown in the industrial, commercial, and residential construction sectors owing to the COVID-19 pandemic in 2020 would have a negative impact on the MEA modular chillers market. This, in turn, will have a considerable impact on modular chiller sales in the MEA region. The main cause of the significant impact is a sudden drop in supplies of several modular chiller components from China, which is harming modular chiller production all over the world.
This report offers the major market player’s profiles, such as 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 and LG Electronics.
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