openPR Logo
Press release

Asia Pacific Absorption Chillers Market Report, Trends, Growth, Key Players, Share, Size, Forecast 2024-2032

06-19-2024 03:05 PM CET | Industry, Real Estate & Construction

Press release from: Expert Market Research

Asia Pacific Absorption Chillers Market Report, Trends,

According to the report by Expert Market Research (EMR), the Asia Pacific absorption chillers market size reached a value of USD 529.32 million in 2023. Aided by the growing necessity for energy-efficient cooling solutions amidst rising temperatures and energy costs, the market is projected to further grow at a CAGR of 4.2% between 2024 and 2032 to reach a value of USD 769.46 million by 2032.

Absorption chillers are a unique type of refrigeration system that uses a heat source to generate cooling, distinguishing itself from conventional electrically powered chillers. This technology offers several advantages, including lower operational costs, reduced environmental impact, and the utilisation of waste heat or renewable energy sources. It finds applications across various sectors, including industrial, commercial, and residential settings, with particular emphasis on industries requiring large-scale cooling solutions, such as chemical, food and beverage, and pharmaceutical sectors.

Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/asia-pacific-absorption-chillers-market/requestsample

As per the Asia Pacific absorption chillers market analysis, governments across the Asia Pacific region are implementing stringent regulations and policies aimed at reducing energy consumption and promoting sustainability. These initiatives are driving the adoption of energy-efficient technologies like absorption chillers, which align with the goals of reducing carbon emissions and promoting renewable energy sources.

There is an increasing trend towards the use of refrigerants with low Global Warming Potential (GWP) in absorption chillers. As environmental regulations become stricter, the absorption chillers market in the Asia Pacific is moving away from refrigerants that have a significant impact on global warming. This shift not only aligns with global sustainability efforts but also opens up new opportunities for innovation in chiller technology, making them more appealing to environmentally conscious consumers and businesses.

Absorption chillers are gaining popularity in district cooling systems, particularly in urban areas of the Asia Pacific region where cooling needs are substantial. District cooling systems offer an efficient way to provide cooling to multiple buildings or facilities from a central plant, significantly reducing energy consumption and operational costs. As per the Asia Pacific absorption chillers market outlook, the integration of absorption chillers into these systems, owing to their energy efficiency and ability to utilise waste heat, underscores a growing trend in urban infrastructure development.

The region's booming industrial sector, coupled with the expansion of commercial spaces such as malls, offices, and data centres, has led to increased demand for efficient cooling systems. Absorption chillers, with their ability to leverage waste heat and solar energy, offer a cost-effective and sustainable solution to meet these cooling needs, which propels the Asia Pacific absorption chillers market growth. Continuous innovation in absorption chiller technology, including improvements in efficiency, compact design, and operational flexibility, has enhanced their appeal. Manufacturers are focusing on developing chillers that can operate under varied heat sources and environmental conditions, further broadening their applicability.

With the digital economy's rapid expansion, data centres are becoming ubiquitous across the Asia Pacific region. These facilities require constant cooling to maintain the optimal operation of servers and equipment. Absorption chillers are increasingly being adopted in data centres for their energy efficiency and the potential to use waste heat from the servers themselves or nearby industrial processes, which boosts the Asia Pacific absorption chillers market share.

The rapid pace of urbanisation in the Asia Pacific region is leading to significant investments in infrastructure development, including residential complexes, hospitals, and educational institutions. This, in turn, is creating opportunities for the deployment of absorption chillers in these new constructions, particularly in the context of green building initiatives. There is also a growing trend of integrating absorption chillers with renewable energy systems, such as solar thermal panels and biomass boilers, which also boosts the Asia Pacific absorption chillers market expansion.

Market Segmentation                               

The market can be divided based on type, refrigerant type, technology, source of energy, application, end use, and country.

Market Breakup by Type

Steam Absorption Chillers
Hot Water Absorption Chillers
Direct-Fired Absorption Chillers
Gas-Fired Absorption Chiller
Others

Market Breakup by Refrigerant Type

Ammonia
Lithium Bromide

Market Breakup by Technology

Single Stage
Double Stage
Others

Market Breakup by Source of Energy

Gas Fired
Steam Heated
Direct Fired
Hot Water Heated
Others

Market Breakup by Application

Food Storage
Air Conditioning
Others

Market Breakup by End Use

Domestic
Industrial
Commercial

Market Breakup by Country

China
Japan
India
ASEAN
Australia
Others

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/asia-pacific-absorption-chillers-market

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific absorption chillers market. Some of the major players explored in the report by Expert Market Research are as follows:

Carrier Global Corporation 
Thermax Limited. 
Kirloskar Pneumatic Company Ltd. 
Johnson Controls-Hitachi Air Conditioning 
LG Electronics 
Trane Technologies Company, LLC 
DAIKIN INDUSTRIES, Ltd. 
Shuangliang Eco-energy Systems Co., Ltd. 
Others

Read More Reports:

Aeroderivative Gas Turbine Market - https://www.expertmarketresearch.com/reports/aeroderivative-gas-turbine-market

Sustained Release Coatings Market - https://www.expertmarketresearch.com/reports/sustained-release-coatings-market-report

Underground Utility Mapping Market - https://www.expertmarketresearch.com/reports/underground-utility-mapping-market

Electrolyser Market - https://www.expertmarketresearch.com/reports/electrolyser-market

Stainless Steel 400 Series Market - https://www.expertmarketresearch.com/reports/stainless-steel-400-series-market

Adhesive Equipment Market - https://www.expertmarketresearch.com/reports/adhesive-equipment-market

Media Contact:

Company Name: Claight Corporation
Contact Person: Anna Poliatova, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

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 Asia Pacific Absorption Chillers Market Report, Trends, Growth, Key Players, Share, Size, Forecast 2024-2032 here

News-ID: 3545069 • Views:

More Releases from Expert Market Research

Sheet Metal Fabrication Services Market Size, Share, Industry Growth & Trend Analysis Report 2032
Sheet Metal Fabrication Services Market Size, Share, Industry Growth & Trend Ana …
Sheet Metal Fabrication Services Market Outlook The global sheet metal fabrication services market is poised for steady growth over the forecast period of 2024-2032, with an expected compound annual growth rate (CAGR) of 2%. This growth is driven by the increasing demand across various industries, including automotive, aerospace, construction, and electronics, where sheet metal components are essential for manufacturing and assembly processes. Technological advancements in fabrication techniques, such as laser cutting,
Top-Ranked Insights: Europe Cleaning Services Market 2032 - Growth, Trends, and Forecast
Top-Ranked Insights: Europe Cleaning Services Market 2032 - Growth, Trends, and …
According to the report by Expert Market Research (EMR), the Europe cleaning services market size reached a value of USD 24.36 billion in 2023. Aided by the heightened emphasis on cleanliness and hygiene, coupled with the growing presence of commercial establishments and increasing urbanisation, the market is projected to further grow at a CAGR of 3.40% between 2024 and 2032 to reach a value of USD 32.91 billion by 2032. Cleaning
Europe Cement Market Size & Growth | Share Report - 2032
Europe Cement Market Size & Growth | Share Report - 2032
The Europe cement market is characterized by steady growth driven by urbanization, infrastructure development, and sustainability initiatives. Key countries such as Germany, France, and the UK lead in production and consumption. The market faces challenges from environmental regulations and fluctuating raw material costs. Innovations in green cement and energy-efficient production processes are prominent trends. The market is competitive, with major players like Holcim Ltd., HeidelbergCement AG, and CRH plc dominating
Aviation Gasoline (Avgas) Market Size, Share, Trends, Report and Forecast 2024-2032
Aviation Gasoline (Avgas) Market Size, Share, Trends, Report and Forecast 2024-2 …
Aviation Gasoline (Avgas) Market Outlook According to the report by Expert Market Research (EMR), the global aviation gasoline (avgas) market size reached a value of nearly USD 2.34 billion in 2023. Aided by the expanding fleet of piston-engine aircraft and the enhancements in aircraft design and performance, the market is projected to grow at a CAGR of 4.3% between 2024 and 2032 to attain around USD 3.45 billion by 2032. Aviation gasoline,

All 5 Releases


More Releases for Asia

South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the