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Global Absorption Chillers Industry

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Absorption Chillers market worldwide is projected to grow by US$230. 5 Million, driven by a compounded growth of 4%. Absorption Chillers, one of the segments analyzed and sized in this study, displays the potential to grow at over 4%.

New York, March 12, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Absorption Chillers Industry" - https://www.reportlinker.com/p0611052/?utm_source=GNW
The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$962.9 Million by the year 2025, Absorption Chillers will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 3.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$8.3 Million to the region’s size and clout in the next 5 to 6 years. Over US$6.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Absorption Chillers will reach a market size of US$58.7 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.2% over the next couple of years and add approximately US$65 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,

  • Broad Air Conditioning Co., Ltd.
  • Carrier Corporation
  • Century Corporation
  • CNIM Group
  • Colibri-bv
  • EAW Energieanlagenbau GmbH
  • Ebara Refrigeration Equipment & Systems Co., Ltd.
  • Hitachi Appliances Inc.
  • Johnson Controls
  • LG Electronics
  • Shuangliang Eco-Energy Systems Co., Ltd.
  • Robur SpA
  • Thermax Limited
  • Trane Inc.
  • Yazaki Energy Systems Inc.




Read the full report: https://www.reportlinker.com/p0611052/?utm_source=GNW

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Absorption Chillers: Providing Eco-friendly and Useful Cooling
through Re-use of Low Temperature Waste Energy
Recent Market Activity
The Urgent Need to Replace Compressor-Based Cooling Systems
Drive Widespread Adoption
Absorption Chillers Superiority over Traditional Compression
Chillers
Market Fortunes Intrinsically Tied to the Overall Chillers
Market Dynamics
Global Market Outlook
Asia-Pacific Continues to Dominate the Global Market, Also
Offers Significant Growth Opportunities
Continued Recovery in Global GDP & Manufacturing PMI Signals
Optimistic Outlook
Despite Slowdown in Economic Growth, China Continues to
Dominate Global Sales of Absorption Chillers
Global Competitor Market Shares
Absorption Chillers Competitor Market Share Scenario Worldwide
(in %): 2020 & 2029


2. FOCUS ON SELECT PLAYERS

Broad Air Conditioning Co., Ltd. (China)
Carrier Corporation (USA)
Century Corporation (Korea)
CNIM Group (France)
Colibri-bv (The Netherlands)
EAW Energieanlagenbau GmbH (Germany)
Ebara Refrigeration Equipment & Systems Co., Ltd. (Japan)
Hitachi Appliances, Inc. (Japan)
Johnson Controls International Plc (Ireland)
LG Electronics (Korea)
Shuangliang Eco-Energy Systems Co., Ltd. (China)
Robur S.p.A. (Italy)
Thermax Limited (India)
Thermax Inc. (USA)
Trane Inc. (USA)
Worldenergy Absorption Chillers Europe Ltd. (Ireland/Korea)
Yazaki Energy Systems Inc. (USA)


3. MARKET TRENDS & DRIVERS

Focus on Achieving Energy Efficiencies Make Absorption Chillers
the Perfect Candidate for CHP/Cogeneration Systems
Lower Operational Costs and Better Power Reliability Spur
Demand for Absorption Chiller Based CHP in Data Centers
Growth Drivers
Growth Restraints
Steady Demand from Various End-use Applications Drive Healthy
Market Growth for Absorption Chillers
Sophisticated Technologies for Absorption Chillers Improve
Maintainability, Efficiency, and Flexibility
Absorption Chillers Provide a ?Green? Strategy for Various
Industries
Growing Adoption of Trigeneration and Quattrogeneration
Technologies Benefit Market Expansion
Lithium Bromide Absorption Chillers: Preferred Cooling Solution
for Trigeneration Systems
Rise in Electricity Usage for Industrial, Commercial, and
Residential Cooling Drives Demand for the Energy-Efficient
Absorption Chillers
Environmental Concerns Drive Business Case for Absorption Chillers
Kyoto Protocol Implementation Augurs Well for Solar & Waste
Heat Powered Chillers
Indirect Fired Absorption Chillers: The Best Bet for
Environmental Cause
Favorable Government Initiatives & Regulatory Measures Lends
Traction to Market Adoption
Surging Energy Consumption Propels Demand for Absorption Chillers
Focus on Reducing Energy Costs Bodes Well for Absorption Chillers
Urbanization: A Mega Trend Spurring Demand for Cooling Solutions
Industry Promotional & Marketing Efforts Benefit the Market
Demonstration Projects: A Launch Pad for Absorption Chillers
Training and Marketing Initiatives to Foster Awareness Levels
Other initiatives
Key Concerns & Challenges Hampering Market Prospects for
Absorption Chillers
Stiff Competition from Popular Chiller Categories
Robust Increase in Sales of Centrifugal Chillers
Lack of Awareness
High Cost
Less Efficient in Comparison with Mechanical Chillers
Low Thermal Efficiency of Single Effect Systems
Requirement of Higher Pump Energy
Necessitates Larger Cooling Tower
Risks Due to Air Leaks
Crystallization
High Costs of Manufacturing
Other Concerns
INNOVATIONS & ADVANCEMENTS
Two-Step E/A Technology Enhance Performance of Single Effect
and Double Effect Absorption Chillers
Smart Chillers: A Key Enabler of Connected Buildings
Biomass-Powered Thermochiller
Small Size Ammonia Water Absorption Chillers with Higher COP
Water-Cooled Technology Lowers Operational Costs
Triple-Effect Absorption Chillers: An Upcoming Technology
Modular Micro-Channel Chillers Provide Significant Energy Savings
Compact Absorption Chillers


4. GLOBAL MARKET PERSPECTIVE

Table 1: Absorption Chillers Global Market Estimates and
Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 2: Absorption Chillers Market Share Shift across Key
Geographies Worldwide: 2019 VS 2025


III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Table 3: United States Absorption Chillers Market Estimates and
Projections in US$ Thousand: 2018 to 2025
CANADA
Table 4: Canadian Absorption Chillers Market Estimates and
Forecasts in US$ Thousand: 2018 to 2025
JAPAN
Table 5: Japanese Market for Absorption Chillers: Annual Sales
Estimates and Projections in US$ Thousand for the Period
2018-2025
CHINA
Table 6: Chinese Absorption Chillers Market Growth Prospects in
US$ Thousand for the Period 2018-2025
EUROPE
Market Facts & Figures
Table 7: European Absorption Chillers Market Demand Scenario in
US$ Thousand by Region/Country: 2018-2025
Table 8: European Absorption Chillers Market Share Shift by
Region/Country: 2019 VS 2025
FRANCE
Table 9: Absorption Chillers Market in France: Estimates and
Projections in US$ Thousand for the Period 2018-2025
GERMANY
Table 10: Absorption Chillers Market in Germany: Recent Past,
Current and Future Analysis in US$ Thousand for the Period
2018-2025
ITALY
Table 11: Italian Absorption Chillers Market Growth Prospects
in US$ Thousand for the Period 2018-2025
UNITED KINGDOM
Table 12: United Kingdom Market for Absorption Chillers: Annual
Sales Estimates and Projections in US$ Thousand for the Period
2018-2025
SPAIN
Table 13: Spanish Absorption Chillers Market Estimates and
Forecasts in US$ Thousand: 2018 to 2025
RUSSIA
Table 14: Russian Absorption Chillers Market Estimates and
Projections in US$ Thousand: 2018 to 2025
REST OF EUROPE
Table 15: Rest of Europe Absorption Chillers Market Estimates
and Forecasts in US$ Thousand: 2018-2025
ASIA-PACIFIC
Table 16: Asia-Pacific Absorption Chillers Market Estimates and
Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 17: Asia-Pacific Absorption Chillers Market Share
Analysis by Region/Country: 2019 VS 2025
AUSTRALIA
Table 18: Absorption Chillers Market in Australia: Recent Past,
Current and Future Analysis in US$ Thousand for the Period
2018-2025
INDIA
Table 19: Indian Absorption Chillers Market Estimates and
Forecasts in US$ Thousand: 2018 to 2025
SOUTH KOREA
Table 20: Absorption Chillers Market in South Korea: Recent
Past, Current and Future Analysis in US$ Thousand for the
Period 2018-2025
REST OF ASIA-PACIFIC
Table 21: Rest of Asia-Pacific Market for Absorption Chillers:
Annual Sales Estimates and Projections in US$ Thousand for the
Period 2018-2025
LATIN AMERICA
Table 22: Latin American Absorption Chillers Market Trends by
Region/Country in US$ Thousand: 2018-2025
Table 23: Latin American Absorption Chillers Market Percentage
Breakdown of Sales by Region/Country: 2019 and 2025
ARGENTINA
Table 24: Argentinean Absorption Chillers Market Estimates and
Forecasts in US$ Thousand: 2018-2025
BRAZIL
Table 25: Absorption Chillers Market in Brazil: Estimates and
Projections in US$ Thousand for the Period 2018-2025
MEXICO
Table 26: Absorption Chillers Market in Mexico: Recent Past,
Current and Future Analysis in US$ Thousand for the Period
2018-2025
REST OF LATIN AMERICA
Table 27: Rest of Latin America Absorption Chillers Market
Estimates and Projections in US$ Thousand: 2018 to 2025
MIDDLE EAST
Table 28: The Middle East Absorption Chillers Market Estimates
and Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 29: The Middle East Absorption Chillers Market Share
Breakdown by Region/Country: 2019 and 2025
IRAN
Table 30: Iranian Market for Absorption Chillers: Annual Sales
Estimates and Projections in US$ Thousand for the Period
2018-2025
ISRAEL
Table 31: Israeli Absorption Chillers Market Estimates and
Forecasts in US$ Thousand: 2018-2025
SAUDI ARABIA
Table 32: Saudi Arabian Absorption Chillers Market Growth
Prospects in US$ Thousand for the Period 2018-2025
UNITED ARAB EMIRATES
Table 33: Absorption Chillers Market in the United Arab
Emirates: Recent Past, Current and Future Analysis in US$
Thousand for the Period 2018-2025
REST OF MIDDLE EAST
Table 34: Absorption Chillers Market in Rest of Middle East:
Recent Past, Current and Future Analysis in US$ Thousand for
the Period 2018-2025
AFRICA
Table 35: African Absorption Chillers Market Estimates and
Projections in US$ Thousand: 2018 to 2025


IV. COMPETITION

Total Companies Profiled: 29
Read the full report: https://www.reportlinker.com/p0611052/?utm_source=GNW

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