Press release
Absorption Chillers Market to Surpass 12,203 Units in 2016 : Persistence Market Research
According to the latest market report published by Persistence Market Research, titled “Global Market Study on Absorption Chillers: Increasing Demand for Renewable Energy Based Air-conditioning Systems to Drive Growth during Forecast Period. Global demand for absorption chillers market is estimated to reach 12,203 units in 2016, up from 11,875 units in 2015. Demand is expected to be impeded by lacking technical know-how regarding absorption chillers maintenance and high installation cost, thereby leading to longer payback period.Request to view Table of Content @ 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.
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.
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3537
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.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/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 full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
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
media@persistencemarketresearch.com
Web: 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 to Surpass 12,203 Units in 2016 : Persistence Market Research here
News-ID: 576056 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Absorption
EML (Electro-absorption Modulated Laser) Market
EML (Electro-absorption Modulated Laser) Market Overview
EML (Electro-absorption Modulated Laser) is an integrated device of electro-absorption modulator (EAM) and DFB laser (LD). It is an electro-absorption modulator that uses the quantum-limited Stark effect (QCSE) and uses internal grating coupling to determine the wavelength DFB laser, an integrated high-performance optical communication light source with small size and low wavelength, is a universal ideal light source for information transmission carriers in high-speed fiber…
Diaper Excellence: Swift Absorption & Ultimate Dryness
Introduction
In the world of baby care, nothing is more crucial than ensuring the utmost comfort and hygiene for our little ones. Among the essentials, diapers [https://www.chiausdiapers.com/contact-us/] play a pivotal role, with their ability to swiftly absorb and maintain dryness being paramount. Today, we delve into the extraordinary features of diapers that embody swift absorption and unparalleled dryness.
Swift Absorption Technology
At the heart of every modern diaper [https://www.chiausdiapers.com/contact-us/] lies an innovative absorption…
Absorption Tubes Market Size 2024 to 2031.
Market Overview and Report Coverage
The Absorption Tubes Market refers to a type of tube used in various industries for the removal of gases and vapors from a liquid or gas stream through absorption. These tubes are commonly made from materials such as glass, plastic, or stainless steel and are widely used in applications such as air sampling, water treatment, laboratory experiments, and industrial processes.
The future outlook for the…
Dust Absorption System Market Analysis Forecast 2023-2029 Global Industry Demand …
Dust Absorption System Market 2023 is an all-inclusive, proficient report provides an in-detail analysis of extensive drivers, challenges, restraints, opportunities, present market trends and approach influencing the Dust Absorption System Market industry together with projections and forecast to 2029. Dust Absorption System Market research study covers processing technique, investment plan, services as well as network management. The report additionally predicts future growth of The Dust Absorption System Market across the…
Absorption Tubes Market 2022 | Detailed Report
Global Absorption Tubes Market 2022-2028, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5495058
The report provides a…
2022 Atomic Absorption Spectroscopy Market | Detailed Report
Global Atomic Absorption Spectroscopy Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5335828
The report provides…