The Absorption Chillers Market Estimate To Boost Growth In Demand By 2019-2029
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.
To remain 'ahead' of your competitors, request for a sample @
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.
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.
For critical insights on this market, request for ask an expert here @
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.
For in-depth competitive analysis, buy now@
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.
Explore PMR's Extensive Coverage on Industrial Automation Domain -
Americas Industrial Valve Market - Americas Industrial Valve Market Segmented By Cast Steel Industrial Valves, Brass Industrial Valves, Carbon Steel Industrial Valves, Stainless Steel Industrial Valves, Bronze Industrial Valves Material with Manual and Automatic Function in Gate, Globe, Ball, Butterfly, Plug, Check, Safety Relief Industrial Valves: https://www.globenewswire.com/en/news-release/2022/04/13/2422092/0/en/Americas-Industrial-Valve-Market-is-projected-to-expand-steadily-at-a-CAGR-of-3-9-by-2032.html
GCC Industrial Racking System Market - GCC Industrial Racking System Market Segmented By Selective Racking, Cantilever Racking, Push Back Racking, Mobile Racking, Pigeon Hole Racking, FIFO Racking and Many other with Light Duty, Medium Duty and Small Duty Carrying Capacity: https://www.globenewswire.com/en/news-release/2022/04/12/2420704/0/en/GCC-Industrial-Racking-System-Market-to-reach-a-valuation-of-US-1-5-Bn-by-the-end-of-2032.html
India Industrial Racking System Market - India Industrial Racking System Market Segmented By Selective Racking Systems, Cantilever Racking Systems, Push Back Racking Systems, Narrow & Wide Aisle Racking Systems, Drive-In-Racking Systems, Pallet Flow Racking Systems, Carton Flow Racking Systems, Mobile Racking Systems, Pigeon Hole Racking Systems, FIFO Racking Systems Design: https://www.globenewswire.com/en/news-release/2022/04/11/2420198/0/en/India-Industrial-Racking-System-Market-is-projected-to-surge-ahead-at-a-CAGR-of-10-3-by-the-end-of-2032.html
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - email@example.com
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
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 The Absorption Chillers Market Estimate To Boost Growth In Demand By 2019-2029 here
News-ID: 2699617 • Views: 278
More Releases from Persistence Market Research
Technological Apogee To Catalyse The Veterinary Orthopedic Implants Market
The Veterinary Orthopedic Implants Market is there to hit the exponential growth mark In Upcoming Years. This is the era of "online visibility". The key stakeholders in enterprises are into an exploration of new-fangled opportunities concerning digital media, as online competition is there to rule for the next few years. With end-users turning out to be netizens, search engine optimization is of paramount importance. This would be the net-oriented trend
Specialty Pharmaceuticals Market To Cut Through Linear Growth
The Specialty Pharmaceuticals Market is expected to grow at an unstoppable rate In Upcoming Years. With environmental health being a matter of concern, everything - right from public transport networks, power supply, and storage of waste to monitoring the ecological balance is being taken up by IoT and AI. It could, thus, be inferred that with "smart cities" would come "smart end-user solutions" in the years to come. Drug molecules that
Sterilization Services Market -Global Industry Trends, Share, Growth Insight, Si …
As per Persistence Market Research's latest industry analysis, the global sterilization services market is slated to top US$ 6.3 Bn by 2031, expanding at a CAGR of around 7.2% over the forecast period (2021-2031). With rising number of hospital-acquired infections (HAIs), demand for sterilization service is expected to grow at a high pace. Poor hygiene, infrastructure, and environmental conditions; inadequate equipment, lack of knowledge about infection control procedures, and dearth of
Electrophysiology Ablation Market Industry Analysis, Size, Share, Growth, Trends …
According to a recent study by Persistence Market Research, the global electrophysiology ablation market is expected to witness high growth from US$ 2.5 Bn in 2021 to US$ 6.3 Bn by 2031. This reflects a CAGR of around 8.4% over the forecast period (2021-2031). Rising morbidity and mortality due to cardiac disorders, especially arrhythmia, make this market more demanding. Moreover, new product innovation and increased adoption of electrophysiology ablation devices by
More Releases for Racking
Industrial Racking System Market | Foothills Systems, EMRACK International, Nedc …
Industrial Racking System Market: Overview The growing number of warehouses across the globe for safe storing of goods may bring substantial growth opportunities for the industrial racking system market across the forecast period of 2019-2029. The growing demand for improved logistics and supply chain mechanisms is prompting the demand for increasing warehouses around the world. This factor may prove to be a beneficial growth factor for the industrial racking system
Pallet Racking System Market Future Growth 2019 - 2027
Transparency Market Research provides key insights on the pallet racking systems market in its recently published report, named "Pallet Racking Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027." In terms of market value, the global pallet racking systems market is projected to grow at a CAGR of 7.4% during the forecast period, owing to various factors, about which TMR delivers thorough insights and forecast in
Warehouse Racking Market to Perceive Substantial Growth During 2019-2025
Allied Market Research published a new report, titled, "Warehouse Racking Market by Type (Selective Pallet Rack, Double Deep, Back Racking, Pallet Flow Rack, Drive-In/Drive-Thru Rack, and Others) and End User (Automotive, Food & Beverage, Retail, Manufacturing, Warehouse & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2019 - 2026." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive
Selective Pallet Racking System Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Selective Pallet Racking System Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-selective-pallet-racking-system-market_p112607.html Pallet rack is a material
Pallet Racking System Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Pallet Racking System Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-pallet-racking-system-market_p112576.html Pallet rack is a material handling storage
Industrial Racking System Market Competitive Landscape by 2025
Warehousing of industrial output has generated the need for material handling equipment, and industrial racking systems offer a solution for this requirement. From aerospace to construction, all industries require well maintained storage systems for proper preservation of their product line, which is the main factor spurring growth of the industrial racking system market. The industrial racking system offers optimum techniques for storage in different forms, such as pallet racks, light