Absorption Chillers Market: Industry Size & Share, Segments, Opportunity, Growth And Forecast By End-Use Industry 2021-2028

Allied Market Research published a new report, titled, " Absorption Chillers Market " The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Currently, the world absorption chillers market is at a growing juncture due to increasing popularity of these cost effective cooling systems. Major drivers acting in the world absorption chillers market include various attributes such as inaudible and vibration free operation along with low maintenance and operational costs. Moreover, proliferating use of absorption chillers in solar cooling projects and increasing popularity in industrial sector especially petrochemical industry are expected to spur growth of the market over the forecast period. Also, since absorption chillers are environment friendly as compared to conventional vapor compressors owing to lesser emissions of pollutants and toxic gases, stringent government regulations on the use of absorption chillers is another key factor fueling the growth of the market.

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However, high initial costs required for the installation of absorption chillers is a key challenge pertaining in the world absorption chillers market. Furthermore, escalating electricity costs along with electricity shortages are some major factors hindering the growth of the market.

The report segments the market on the basis of type of refrigerant, source of energy, application, end-use industry and region. On the basis of type of refrigerant, the market is segmented into ammonia and lithium bromide. Considering source of energy, the market is segmented into steam heated, direct fired, hot water heated and gas fired. Among application, the market is segmented into air conditioning and food storage. On the basis of end-use industry, the market is segmented into domestic, industrial and commercial. Geographically, the world absorption chillers market is divided into North America, Europe, Asia-Pacific and LAMEA.

Key players pertaining in the market include Carrier Corporation, Thermax Ltd., Kirloskar Pneumatic Co. Ltd., Century Corporation, EAW Energieanlagenbau GmbH, Hitachi Appliances Inc., Yazaki Energy Systems Inc., MultiChill Technologies Inc. among others.

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ABSORPTION CHILLERS MARKET SEGMENTS:

• By Type of Refrigerant
• By Source of Energy
• By Application
• By End-use Industry
• By Geography

Key Benefits For Stakeholders:

○ The report provides an extensive analysis of the current and emerging market trends and opportunities in the world absorption chillers market.
○ The report necessitates the detailed qualitative and quantitative analysis of current market estimations for the forecast period, 2014 2022, which assists in evaluating the prevailing market opportunities.
○ Region specific and country specific analysis of market value and volume are based on primary as well as secondary sources and are comprehensively analyzed in this report.
○ Competitive intelligence (of leading manufacturers and suppliers of absorption chillers) helps in understanding the competitive scenario across the geographies.
○ Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
○ The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

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