Press release
Absorption Chillers Market to Grow at a CAGR of around 4% through 2029
Persistence Market Research delivers key insights on the global absorption chillers market. In the coming years, the global absorption chillers market is projected to display a positive outlook. The market value is expected to increase at a moderate pace over the forecast period. Based on the technology adopted, double stage chillers are anticipated to account for substantial share throughout the forecast period.The global absorption chillers market was valued at nearly US$ 1.2 Bn by the end of 2018, witnessing approx. 3.6% Year-on-Year growth over 2017. The U.S. is expected to account for a maximum share in the global absorption chillers market over the forecast period. South Asia is expected to witness maximum growth during the forecast period, supported by the rising demand from chemicals and pulp & paper manufacturing.
Global Absorption Chillers Market: Dynamics
Increasing installation of solar-powered absorption chillers across various end-use industries is found to be the key factor assisting the installation of absorption chillers. Absorption chillers powered by solar power technology for large chilling applications are gaining traction, and, in turn, increasing the overall demand for absorption chillers. Solar powered absorption chillers are the most efficient and effective for heating and cooling buildings, utilizing only solar power. These types of absorption chillers provide maximum cooling performance, while minimizing electrical power consumption. Hence, they reduce the ever-increasing electricity consumption in summer, which is primarily attributed to conventional air conditioning systems.
Get Sample Copy With Impact Analysis Of COVID-19 Of Market Report>>> https://www.persistencemarketresearch.com/samples/3537
However, the high installation cost of absorption chillers as compared to mechanical and electrical chillers results in a long payback period. This factor, combined with high maintenance and operational costs, is primarily restraining the growth of the global absorption chillers market.
Increasing waste heat and high operational costs of ships are expected to create substantial opportunities for absorption chiller manufacturers across the globe. Operational ships release large amounts of waste heat, which not only increase the operational cost of the ships but also have a negative impact in terms of high Co2 emissions. This waste heat can be utilized to power absorption chillers, which can be further used to cool vessels.
Global Absorption Chillers Market: Forecast
Market insights suggest that, direct fired absorption chillers are expected to witness maximum number of installations over the coming years, owing to the reason that, these types of absorption chillers are primarily utilized in countries where there is easy availability of oil and natural gas.
Spearheaded by GCC Countries, the Middle East & Africa region is expected to account for a prominent share in the global absorption chillers market. South Asia and East Asia, together, are expected to create more than 1/3 of the overall incremental opportunity during the forecast period, and are expected to witness prominent growth over the near future. Continuous focus on the enhancement of environmental sustainability and energy efficiency across manufacturing industries is responsible for the prominent growth in the Asia Pacific region.
For in-depth competitive analysis, buy now>>>> https://www.persistencemarketresearch.com/checkout/3537
Global Absorption Chillers Market: Competitive Landscape
Some of the market participants included in the report on the global absorption chillers market are:
Robur Corporation,
Trane Inc.,
Carrier Corporation,
LG Electronics, Inc.,
Thermax Limited,
Shuangliang Eco-Energy Systems Co. Ltd.
, Kawasaki Thermal Engineering Co., Ltd.,
Hyundai Climate Control Co. Ltd.,
Yazaki Corporation,
World Energy,
BROAD Group,
EAW Energieanlagenbau GmbH,
Colibri bv,
Johnson Controls-Hitachi Air Conditioning,
As per market insights, the global absorption chillers market is fragmented in nature, due to the presence of various local players across developing economies. The top 10 players in the global absorption chillers market are expected to hold more than 1/3 of the overall market share.
About Industrial Automation Domain of Persistencemarketresearch@ https://www.persistencemarketresearch.com/category/industrial-automation.asp
The Industrial Automation team at Persistence Market Research provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team consults clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.
Contact Us
Persistence Market Research
U.S. Sales Office
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
E-mail id- sales@persistencemarketresearch.com
Website: www.persistencemarketresearch.com
About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources.
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 to Grow at a CAGR of around 4% through 2029 here
News-ID: 2188245 • Views: …
More Releases from Persistence Market Research

Smart Container Market Expected to Surpass US$ 21.5 Bn in 2032 - Persistence Mar …
In an era where digital transformation is reshaping every industry, logistics and supply chain management are undergoing one of the most significant shifts with the rise of smart container technology. Traditional shipping containers, once considered merely passive cargo carriers, are now being enhanced with advanced technologies such as IoT (Internet of Things), GPS tracking, temperature and humidity monitoring, and blockchain integration. These innovations are not just optimizing operational efficiency but…

Automatic Labeling Machine Market to Reach US$4.0 Bn by 2032 - Persistence Marke …
The automatic labeling machine market is witnessing steady growth as industries across food & beverage, pharmaceuticals, cosmetics, consumer goods, and logistics increasingly adopt automation to improve efficiency, reduce labor costs, and ensure labeling accuracy. In recent years, pressures such as regulatory compliance (e.g. traceability and serialization in pharma), branding demands, higher SKU complexity, and growth in e-commerce have pushed manufacturers to upgrade from manual or semi-automatic labeling to fully automatic…

Solar Cells & Modules Market to Reach US$ 360.8 Billion by 2033, Driven by Globa …
The solar cells & modules market is witnessing unprecedented growth as nations accelerate their transition toward clean and renewable energy. According to the latest study by Persistence Market Research, the global solar cells & modules market size is projected to expand from US$ 163.7 billion in 2023 to US$ 360.8 billion by 2033. This reflects a robust CAGR of 8.2% during the forecast period, underscoring solar technology's role as the…

Power Bank Market Size to Reach US$20.6 Bn by 2032, Growing at 7.4% CAGR - Persi …
The global power bank market has become one of the most dynamic segments within the consumer electronics ecosystem, driven by the increasing penetration of smartphones, digital devices, and mobile lifestyles. According to the latest study by Persistence Market Research, the power bank market size is projected to be valued at US$12.4 Bn in 2025 and is expected to reach US$20.6 Bn by 2032, growing at a healthy CAGR of 7.4%…
More Releases for Absorption
EML (Electro-absorption Modulated Laser) Market
EML (Electro-absorption Modulated Laser) Market Overview
EML (Electro-absorption Modulated Laser) is an integrated device of electro-absorption modulator (EAM) and DFB laser (LD). It is an electro-absorption modulator that uses the quantum-limited Stark effect (QCSE) and uses internal grating coupling to determine the wavelength DFB laser, an integrated high-performance optical communication light source with small size and low wavelength, is a universal ideal light source for information transmission carriers in high-speed fiber…
Diaper Excellence: Swift Absorption & Ultimate Dryness
Introduction
In the world of baby care, nothing is more crucial than ensuring the utmost comfort and hygiene for our little ones. Among the essentials, diapers [https://www.chiausdiapers.com/contact-us/] play a pivotal role, with their ability to swiftly absorb and maintain dryness being paramount. Today, we delve into the extraordinary features of diapers that embody swift absorption and unparalleled dryness.
Swift Absorption Technology
At the heart of every modern diaper [https://www.chiausdiapers.com/contact-us/] lies an innovative absorption…
Absorption Tubes Market Size 2024 to 2031.
Market Overview and Report Coverage
The Absorption Tubes Market refers to a type of tube used in various industries for the removal of gases and vapors from a liquid or gas stream through absorption. These tubes are commonly made from materials such as glass, plastic, or stainless steel and are widely used in applications such as air sampling, water treatment, laboratory experiments, and industrial processes.
The future outlook for the…
Dust Absorption System Market Analysis Forecast 2023-2029 Global Industry Demand …
Dust Absorption System Market 2023 is an all-inclusive, proficient report provides an in-detail analysis of extensive drivers, challenges, restraints, opportunities, present market trends and approach influencing the Dust Absorption System Market industry together with projections and forecast to 2029. Dust Absorption System Market research study covers processing technique, investment plan, services as well as network management. The report additionally predicts future growth of The Dust Absorption System Market across the…
Absorption Tubes Market 2022 | Detailed Report
Global Absorption Tubes Market 2022-2028, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5495058
The report provides a…
2022 Atomic Absorption Spectroscopy Market | Detailed Report
Global Atomic Absorption Spectroscopy Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5335828
The report provides…