openPR Logo
Press release

Absorption Chillers Market : Market Intelligence and Market Trends

12-06-2018 03:10 PM CET | Health & Medicine

Press release from: Future Market Insights

Absorption Chillers Market : Market Intelligence and Market

Absorption chillers are cooling units that operate on heat instead of mechanical power. Absorption chillers consume a small amount of fuel as compared to other refrigeration devices; however, their cooling performance is also significantly lower. Absorption chillers use waste heat energy -- a by-product in gas turbines, commercial centre, and hotels for refrigeration – for cooling purposes. Owing to their low operational costs, they are widely used in educational institutes, hospitals, and mini vans.

Absorption Chillers Market: Drivers and Restrains

The global absorption chillers market is expected to expand at a moderate CAGR during the forecast period 2016-2026. Absorption chillers offer numerous benefits over conventional chillers, including low noise levels, improved efficiency, and lower operational & maintenance costs. These factors make absorption chillers an appealing option in the refrigeration sector. Absorption chillers are environmentally-friendly as compared to conventional refrigerants, owing to lower emissions of gas and other pollutants during their operation.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1584

A major challenge to widespread adoption of absorption chillers is the high risk of deterioration & damage to the entire unit in case of air leakage from the main panel. High cost of absorption chillers is another constraint that’s impeding adoption, especially in developing countries.

Absorption Chillers Market: Segmentation

The global absorption chillers market is segmented on the basis of source of energy, refrigerant, packaging of chillers, application, and end-use sector.

On the basis of source of energy, the absorption chillers market can be segmented into:-

Direct Fired

Steam Heated

Hot-Water Heated

Gaseous Fuels

On the basis of refrigerant, the absorption chillers market can be segmented into:-

Ammonia

Lithium Bromide (Brine)

On the basis of packaging of chillers, the absorption chillers market can be segmented as follows:-

Modular Chillers

Packaged Chillers

On the basis of applications, the absorption chillers market can be segmented into:-

Food Storage

Air Conditioning

On the basis of end use sector, the absorption chillers market can be segmented into:-

Industrial

Commercial

Residential

Absorption Chillers Market: Region Wise Outlook

Region-wise, the global absorption chillers market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa. North America is a highly lucrative region for absorption chillers, owing to strong adoption from the region’s food processing and petroleum industries.

In Europe, growth of the absorption chillers market is anticipated to be driven by steady demand from the frozen food sector. Asia Pacific and Middle East & Africa (MEA) are expected to offer substantial growth opportunities to absorption chillers manufacturers, owing to overall economic growth in the region. Decades of strong economic growth has resulted in the emergence of a burgeoning middle class in APEJ and MEA, which is ramping up demand across a broad spectrum of end-use industries. Steady growth in the region’s food processing sector, especially frozen food, is expected to ramp up demand during the forecast period.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/toc/rep-gb-1584

Absorption Chillers Market: Key Players

Some of the key players in the global absorption chillers market are as follows:

Thermax Ltd

Helioclim

MultiChill Technologies Inc

Kirloskar Pneumatic Company Ltd

World Energy Absorption Chillers Europe Ltd

LG Air Conditioning (Shandong) Co., Ltd.

Hitachi Appliances Inc.

EAW Energieanlagenbau GmbH

Carrier Corporation

Century Corporation

Yazaki Energy Systems Inc.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Absorption Chillers Market : Market Intelligence and Market Trends here

News-ID: 1422839 • Views: 212

More Releases from Future Market Insights

Ferrovanadium Market to Witness Robust Expansion throughout the Forecast 2018-20 …
Future Market Insights (FMI) analyses the global ferrovanadium market in its new publication titled “Ferrovanadium Market: Global Industry Analysis (2013 – 2017) & Opportunity Assessment (2018 – 2028)”. This study provides data for 2017 along with the forecast for the period (2018–2028). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights pertaining to various segments of the global ferrovanadium
Automotive Lighting Market is expected to grow at a CAGR of ~6% during the forec …
In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018. Gains remain driven by growing popularity of luxury cars and high purchasing power of middle class demographic in developing countries that increased the
Motorcycle Suspension System Market Size, Share, Industry Analysis, Future Growt …
Future Market Insights has released a new market study on "Motorcycle Suspension System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028", which studies the global Motorcycle Suspension System market and offers deep dive analysis for the next ten years. The report evaluates all the key macro-economic factors projected to support the growth of the global as well as regional markets. The report on Motorcycle Suspension System also presents the
Clinical Trials Market Survey Report 2021 Along with Statistics, Forecasts till …
The study offers a long-term forecast of the clinical trials landscape for the period between 2019 and 2029. The clinical trials landscape is projected to record a 4.5% CAGR through 2029. Collaboration at Its Peak: Key Strategy of Manufacturers in Clinical Trials Market For reducing economic burden, many companies are planning to shift their focus towards on-core business activities, thereby outsourcing their clinical trials activities to the CROs (contract research organizations). This

All 5 Releases


More Releases for Absorption

Absorption Chillers Market - Recommendations to market players
Global Absorption Chillers Market: Snapshot Absorption chillers are refrigerators that derive energy from a preexisting heat source. Hence, absorption chillers help reduce the overall consumption of power, helping economize the power efficiency dynamics of a system. The rising awareness about the importance of conserving energy, and the government support to initiatives encouraging energy conservation is thus likely to be a key driver for the global absorption chillers market. The pharmaceuticals industry is
Absorption Chillers Market tumultuous by 2025
Global Absorption Chillers Market: Snapshot Absorption chillers are refrigerators that derive energy from a preexisting heat source. Hence, absorption chillers help reduce the overall consumption of power, helping economize the power efficiency dynamics of a system. The rising awareness about the importance of conserving energy, and the government support to initiatives encouraging energy conservation is thus likely to be a key driver for the global absorption chillers market. The pharmaceuticals industry is
Absorption Chillers Market Detailed Description by 2025
Global Absorption Chillers Market: Snapshot Absorption chillers are refrigerators that derive energy from a preexisting heat source. Hence, absorption chillers help reduce the overall consumption of power, helping economize the power efficiency dynamics of a system. The rising awareness about the importance of conserving energy, and the government support to initiatives encouraging energy conservation is thus likely to be a key driver for the global absorption chillers market. The pharmaceuticals industry is
Absorption Spectrometers Market : Global Forecast over 2023
Absorption spectroscopy is analytical technique that measures the concentration of an element by measuring the amount of light absorbed (at a specific wavelength) when it passes through a sample. Absorption spectroscopy is used in several industries such as such as food and beverages, pharmaceutical, biotechnology, clinical diagnostics and environmental monitoring for the purpose of quality assurance. Read Report Overview @ https://www.transparencymarketresearch.com/absorption-spectrometers-market.html The technique is also employed in studies of atomic and molecular physics,
Global Transdermal Absorption Patch Market Research Report
Latest industry research report on: Global Transdermal Absorption Patch Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Transdermal Absorption Patch industry. Complete Report Details @ https://www.marketresearchreports.biz/reports/1324598/global-transdermal-absorption-patch-detailed-analysis-report-2017-2022-market-research-reports This report splits
Absorption Chillers Market : Global Overview, Analysis and Opportunities 2017-20 …
Global Absorption Chillers Market: Snapshot Absorption chillers are refrigerators that derive energy from a preexisting heat source. Hence, absorption chillers help reduce the overall consumption of power, helping economize the power efficiency dynamics of a system. The rising awareness about the importance of conserving energy, and the government support to initiatives encouraging energy conservation is thus likely to be a key driver for the global absorption chillers market. The pharmaceuticals industry is