Press release
Absorption Chillers Market Poised to Rake 12,203 Units in 2016
For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/absorption-chillers-market/toc
Chemical segment is expected to continue to remain the largest application segment, accounting for 2,442 units in terms of volume in 2016, a Y-o-Y increase of 2.5% over 2015. Use of absorption chillers in the food & beverages application segment is expected to continue its upward momentum in 2016, growing at 4.8% in terms of volume – the fastest among all the application segments.
Non-industrial segment is expected to register highest CAGR in terms of unit volume, accounting for 1,342 units in 2016 and reaching value of US$ 134.2 Mn. Use of absorption chillers in the food & beverages industry is also expected to continue steadily, as combined heat & power (CHP) systems are gaining traction. Demand will be offset by sluggish adoption in end-use industries due to lacking consultation and training services regarding maintenance and operation of absorption chillers. Consumption demand for absorption chillers from the industrial segment will witness a growth rate of 4.9% in 2016 over 2015.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/absorption-chillers-market.asp
Asia Pacific is expected to remain the largest market for absorption chillers, reaching value of US$ 387.4 Mn in 2016, up from US$ 369.7 Mn in 2015. This is primarily due to expansion of end-use industries such as chemicals, pharmaceuticals, food & beverages, and power in APAC. MEA will continue to offer growth opportunities to manufacturers, with global demand expected to witness a 2.7% volume growth in 2016 over 2015. Demand is expected to be constrained in mature markets of North America and Western Europe in 2016 as well.
Broad Air Conditioning Co. Ltd., Carrier Corporation, EAW Energieanlagenbau GmbH, Hyundai Climate Control Co., Ltd., Johnson Controls, Kawasaki Thermal Eng. Co. Ltd., Robur Group, Shuangliang Eco-Energy Systems Co. Ltd., Thermax Inc., Trane Inc., and Yazaki Corporation are the key players in the market. Top players are continuously focusing on improving COP and developing renewable energy-based absorption chillers. Collaborations and joint ventures with technology providers (renewable energy) are key business strategies being adopted to increase market share.
Request Sample Report @ http://www.persistencemarketresearch.com/samples/3537
Long-term Outlook: PMR projects the global absorption chillers market to witness moderate growth during forecast period 2016–2024. APAC will continue to remain the largest market for absorption chillers, registering a CAGR of 6.4% during the forecast period.
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. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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 Poised to Rake 12,203 Units in 2016 here
News-ID: 379727 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Demand
Trichlorosilane Market: Growing Demand for Solar Photovoltaics to Surge Demand
The global trichlorosilane market size is likely to gain momentum owing to the increasing investments in the solar sector. Fortune Business Insights, in its latest report, titled "Trichlorosilane Market Size, Share & Industry Analysis, By Production Process (Hydrochlorination, Direct Chlorination), By Application (Polysilicon, Chemical Intermediate) Others and Regional Forecast, 2022-2029.", states that growing demand for solar photovoltaics and increasing demand for alternate energy sources are anticipated to be the driving…
Best Demand Planning Software & Demand Forecasting Software
RIGBY, Idaho – October 4, 2021 – Avercast LLC provides the best demand planning software to many companies that manage a vast array of inventory. Avercast’s demand planning and forecasting software is used in America, India, and Europe. It adds strength to many areas of the companies that utilize it.
Demand forecasting software uses a variety of data to produce forecasts. These data include past sales, historical trends, current circumstances, and…
Biomimetic Technology Market Demand, Size, Share, Demand & Forecast To 2027
The global Biomimetic Technology Market is forecasted to be worth USD 17.73 Billion by 2027, according to a current analysis by Emergen Research. The Biomimetic Technology Market is anticipated to expand exponentially owing to the growing tissue engineering market. The Increasing elderly population would have a significant impact on market growth. The aging population is particularly vulnerable to cardiac, neurosurgery, and orthopedic problems.
To get a PDF sample copy of…
Agriculture Analytics Market Demand, Size, Share, Demand & Forecast To 2028
The global agriculture analytics market size is expected to reach USD 2,041.6 Million in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing adoption of advanced technologies such as Internet of Things (IoT), Big Data, and other analytics tool in the agriculture sector to improve crop yield and enhance work efficiency. Farmers are…
Smart Demand Response Market - Burgeoning Power Demand Propels The Adoption of D …
Industry-leading analysis firm Transparency Market Research has announced a new market report, detailing the global smart demand response market. The report, titled ‘Smart Demand Response Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2025’, explains key trends in the market. The report estimates the smart demand response market to reach a total valuation of US$51,479 million by the end of the forecast period at a…
Demand Response Management System Market Growth & Demand Snapshot 2025
Global Demand Response Management System Market: Snapshot
Demand response refers to a series of programs, primarily power grid sponsored, which is intended to help end users from the household sector or companies to be on call for reducing electricity consumption, when a grid gets stressed to its capacity. It is impossible to store electric energy, so utilities traditionally match demand and supply via throttling their power plants’ rate of production. For…
