Absorption Chiller Market Outlook and Opportunities over 2019 - 2025

The data in Absorption Chiller Market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others.  The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Absorption Chiller industry including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. 

Escalating electricity prices along with electricity supply shortages may positively impact the industry over the upcoming years. Furthermore, proliferating usage of these chillers in solar cooling projects is expected to fuel demand. Attributes such as vibration-free and inaudible operation offered by these systems is predicted to surge the demand from 2015 to 2022. Low maintenance and operating cost offered by these machines is also likely to spur the absorption chiller market size over the forecast period.

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U.S. absorption chiller market share is anticipated to witness considerable growth. The surge in demand can be attributed to high concentration of industries such as petroleum, processed food and chemicals in the region. Europe is expected to exhibit high growth due to the presence of large number of industries in the region. Latin America and Middle East & Africa are also forecast to witness moderate growth owing to growing adoption across various nations over the forecast period. 

Hot water fired, steam fired, natural gas fired and exhaust gas are the various types of chillers. Various technologies involved include single effect, double effect and triple effect absorption. Single effect technology is predicted to experience intensifying growth owing to its low coefficient of powers (COP). This technology is primarily used in various industries such as boilers and power plants and is available in range of capacity between 7.5 tons and 1,500 tons. 

Double effect absorption chiller market is widely employed in high pressure steam application namely district heating. These are more efficient than their single effect counterparts; however they also involve high manufacturing cost. Based on application, the industry can be segregated into numerous industry sectors such as chemicals, refrigeration, geothermal appliances, oil & petroleum as well as freezing & food canning.

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Key industry participants accumulating major absorption chiller market share include Century Corporation, Shuangliang Eco-Energy Systems, Johnson Controls, Thermax, Broad Air Conditioning, Yazaki Energy Systems and Carrier Corporation. Other prominent industry players are Hitachi Appliances, EAW Energieanlagenbau, LG Air Conditioning, Robur Group, Shuangliang Eco-Energy Systems, and Trane.

Absorption Chiller Market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, region and end-use. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Absorption Chiller industry, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Absorption Chiller Market competitive environment, diving into the industry position of each major company along with the strategic landscape. 

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