Modular Chillers Market Size was valued at USD 1,585.2 million in 2021 and is poised to expand at a substantial growth of 5.6% from 2022-2028. The demand for HVAC equipment is promptly growing due to increased spending in the construction sector and rising disposable incomes across developing nations. Climate change is another key element contributing to the rising demand for HVAC systems. As the temperature rises and the weather becomes more unpredictable, many consumers see HVAC equipment as a good investment.