Absorption Chillers Market
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<strong>Absorption</strong> <strong>Chillers</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2016-2026<br />
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Report Description<br />
<strong>Absorption</strong> chillers are cooling units that operate on heat instead of mechanical power.<br />
<strong>Absorption</strong> chillers consume a small amount of fuel as compared to other refrigeration<br />
devices; however, their cooling performance is also significantly lower. <strong>Absorption</strong> chillers use<br />
waste heat energy -- a by-product in gas turbines, commercial centre, and hotels for<br />
refrigeration – for cooling purposes. Owing to their low operational costs, they are widely<br />
used in educational institutes, hospitals, and mini vans.<br />
<strong>Absorption</strong> <strong>Chillers</strong> <strong>Market</strong>: Drivers and Restrains<br />
The global absorption chillers market is expected to expand at a moderate CAGR during the<br />
forecast period 2016-2026. <strong>Absorption</strong> chillers offer numerous benefits over conventional<br />
chillers, including low noise levels, improved efficiency, and lower operational & maintenance<br />
costs. These factors make absorption chillers an appealing option in the refrigeration sector.<br />
<strong>Absorption</strong> chillers are environmentally-friendly as compared to conventional refrigerants,<br />
owing to lower emissions of gas and other pollutants during their operation.<br />
A major challenge to widespread adoption of absorption chillers is the high risk of<br />
deterioration & damage to the entire unit in case of air leakage from the main panel. High<br />
cost of absorption chillers is another constraint that’s impeding adoption, especially in<br />
developing countries.
Report Description<br />
<strong>Absorption</strong> <strong>Chillers</strong> <strong>Market</strong>: Segmentation<br />
The global absorption chillers market is segmented on the basis of source of energy,<br />
refrigerant, and packaging of chillers, application, and end-use sector.<br />
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On the basis of source of energy, the absorption chillers market can be segmented into:-<br />
•Direct Fired<br />
•Steam Heated<br />
•Hot-Water Heated<br />
•Gaseous Fuels<br />
On the basis of refrigerant, the absorption chillers market can be segmented into:-<br />
•Ammonia<br />
•Lithium Bromide (Brine)
Report Description<br />
On the basis of packaging of chillers, the absorption chillers market can be segmented as<br />
follows:-<br />
•Modular <strong>Chillers</strong><br />
•Packaged <strong>Chillers</strong><br />
On the basis of applications, the absorption chillers market can be segmented into:-<br />
•Food Storage<br />
•Air Conditioning<br />
On the basis of end use sector, the absorption chillers market can be segmented into:-<br />
•Industrial<br />
•Commercial<br />
•Residential<br />
<strong>Absorption</strong> <strong>Chillers</strong> <strong>Market</strong>: Region Wise Outlook<br />
Region-wise, the global absorption chillers market can be segmented into North America,<br />
Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan<br />
and Middle East and Africa. North America is a highly lucrative region for absorption<br />
chillers, owing to strong adoption from the region’s food processing and petroleum<br />
industries.
Report Description<br />
In Europe, growth of the absorption chillers market is anticipated to be driven by steady<br />
demand from the frozen food sector. Asia Pacific and Middle East & Africa (MEA) are<br />
expected to offer substantial growth opportunities to absorption chillers manufacturers,<br />
owing to overall economic growth in the region. Decades of strong economic growth has<br />
resulted in the emergence of a burgeoning middle class in APEJ and MEA, which is<br />
ramping up demand across a broad spectrum of end-use industries. Steady growth in the<br />
region’s food processing sector, especially frozen food, is expected to ramp up demand<br />
during the forecast period.<br />
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<strong>Absorption</strong> <strong>Chillers</strong> <strong>Market</strong>: Key Players<br />
•Some of the key players in the global absorption chillers market are as follows:<br />
•Thermax Ltd<br />
•Helioclim<br />
•MultiChill Technologies Inc<br />
•Kirloskar Pneumatic Company Ltd<br />
•World Energy <strong>Absorption</strong> <strong>Chillers</strong> Europe Ltd<br />
•LG Air Conditioning (Shandong) Co., Ltd.<br />
•Hitachi Appliances Inc.
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