| Product Code: ETC5697965 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for modular chillers in 2024 experienced a notable decline, with a growth rate of -74.36% compared to the previous year. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -25.81%. This substantial decrease in imports may be attributed to shifts in demand dynamics or changes in trade policies impacting the market`s stability.
The modular chillers market in Armenia is witnessing growth with rising demand for efficient cooling solutions across commercial, industrial, and residential sectors. Modular chiller systems are preferred for their flexibility and energy efficiency benefits.
Armenia`s modular chillers market is driven by HVAC (Heating, Ventilation, and Air Conditioning) systems, commercial building projects, and energy-efficient cooling solutions. Key drivers include demand for modular chiller units, variable refrigerant flow (VRF) technology, and green building certifications.
The modular chillers market in Armenia faces challenges such as energy efficiency ratings and the customization of cooling systems for HVAC (Heating, Ventilation, and Air Conditioning) applications. Additionally, there are issues related to refrigerant regulations and the adoption of modular chiller technologies, including air-cooled and water-cooled configurations, to optimize building energy management, reduce carbon emissions, and ensure indoor air quality comfort in commercial, residential, and industrial facilities.
Government policies in Armenia promote the adoption of modular chillers for efficient cooling solutions in commercial and industrial sectors. Initiatives focus on energy efficiency standards, technology incentives, and partnerships to enhance the reliability and performance of modular chiller systems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Modular Chillers Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Modular Chillers Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Modular Chillers Market - Industry Life Cycle |
3.4 Armenia Modular Chillers Market - Porter's Five Forces |
3.5 Armenia Modular Chillers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Modular Chillers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia Modular Chillers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient cooling solutions |
4.2.2 Growing awareness about environmental sustainability |
4.2.3 Government initiatives promoting the adoption of modular chillers |
4.3 Market Restraints |
4.3.1 High initial investment costs |
4.3.2 Limited availability of skilled technicians for installation and maintenance |
5 Armenia Modular Chillers Market Trends |
6 Armenia Modular Chillers Market Segmentations |
6.1 Armenia Modular Chillers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Modular Chillers Market Revenues & Volume, By Air-Cooled, 2021-2031F |
6.1.3 Armenia Modular Chillers Market Revenues & Volume, By Water-Cooled, 2021-2031F |
6.2 Armenia Modular Chillers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia Modular Chillers Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Armenia Modular Chillers Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Armenia Modular Chillers Market Revenues & Volume, By Residential, 2021-2031F |
7 Armenia Modular Chillers Market Import-Export Trade Statistics |
7.1 Armenia Modular Chillers Market Export to Major Countries |
7.2 Armenia Modular Chillers Market Imports from Major Countries |
8 Armenia Modular Chillers Market Key Performance Indicators |
8.1 Energy efficiency rating of modular chillers |
8.2 Number of new green building projects using modular chillers |
8.3 Adoption rate of modular chillers in commercial and industrial sectors |
9 Armenia Modular Chillers Market - Opportunity Assessment |
9.1 Armenia Modular Chillers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Modular Chillers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Armenia Modular Chillers Market - Competitive Landscape |
10.1 Armenia Modular Chillers Market Revenue Share, By Companies, 2024 |
10.2 Armenia Modular Chillers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |