Press release
Absorption Chillers Market Will Generate Record Revenue by 2029
Absorption chillers market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). The growing adoption of district cooling coupled with the improving network is the key factor supporting the growth of the market globally. Advanced district-cooling networks can pair heating and cooling services to increase the net efficiency and flexibility of the entire energy system. According to the International Energy Agency (IEA), district-cooling networks exist in a range of climates and countries such as Finland, Spain, China, and others. Qatar has the global largest district-cooling system, comprising 3 cooling plants covering the West Bay and the Pearl-Qatar districts in Doha with a combined capacity of 197,000 tons of refrigeration (690 megawatts [MW]) and a 4th plant under construction.Furthermore, the free cooling chiller uses a microprocessor controller to ensure precise temperature control, as well as an integrated free cooling module that maximizes the use of ambient air. Thus, there is a considerable increase in demand as well as production of such absorption chillers around the globe. For instance, in May 2023, Delta T Systems launched the free cooling system, also known as a fluid cooler or dry cooler, applying ambient air to cool process fluid for a more environmentally friendly and cost-effective alternative to traditional refrigeration chillers.
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Market Coverage
Market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Global Absorption Chillers Market Report Segment
By Technology
Single Stage
Double Stage
By Absorber Type
Lithium Bromide
Ammonia
By Power Source
Direct Fired
Indirect Fired
Water Driven
By Application
Chemicals
Food & Beverages
Power
Paper & Pulp
Power & Energy
Others (Petroleum)
A full report of Absorption Chillers Market available @ https://www.omrglobal.com/industry-reports/absorption-chillers-market
Absorption Chillers Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/absorption-chillers-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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