Absorption Chiller Market is a device used to produce chilled water with the help of heat energy instead using an electrical source used in conventional chilling devices. The device primarily finds application across industries having a lot of waste heat or solar energy to produce. Installing an absorption chiller may lead to significant cost savings in big hotels, large corporate offices, big sports stadium and major industries requiring chilled water or cooling environment. Absorption chiller are primarily classified on the basis of type of absorber used. These are lithium- bromide and ammonia based absorption chiller. Absorption chiller are available in several configurations catering to the specific industry requirement. These can be categorized into direct-fired, steam-fired, hot water fired, and indirect fired absorption chiller.
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Increasing demand for renewable source of energy where the primary source of energy can be utilized in an effective way is primarily driving the growth of the global absorption chiller. Further, government push towards utilization of eco-friendly energy producing equipment is expected to increase the adoption in the near future. However, high initial cost of installation and end-user want of technical knowledge may restrain the growth of the market.
The objectives of this report are as follows:
-To provide overview of the global Absorption Chiller market
-To analyze and forecast the global Absorption Chiller market on the basis of technology, absorber type, power source, and application.
-To provide market size and forecast till 2025 for overall Absorption Chiller market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC) , Middle East and Africa (MEA) , and South America (SAM) , which are later sub-segmented across respective major countries.
-To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
-To provide exhaustive PEST analysis for all five regions.
-To profiles key Absorption Chiller players influencing the market along with their SWOT analysis and market strategies.
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Some of the important players in Absorption Chiller market are Broad Air Conditioning Co. Ltd., Carrier Corporation, EAW Energieanlagenbau GmbH, Hyundai Climate Control Co., Ltd., Robur Corporation, Trane Inc., Yazaki Corporation, Johnson Controls, Inc., Kawasaki Thermal Engineering Co., Ltd. , and Thermax Inc.
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