Absorption Chillers

Global Market Trajectory & Analytics

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DATE

JAN 2022

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202

PAGES

267

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USD 5600

CODE

MCP-6705


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HIGHLIGHTS & REPORT INDEX

Global Absorption Chillers Market to Reach $891.2 Million by 2026

Amid the COVID-19 crisis, the global market for Absorption Chillers estimated at US$757.2 Million in the year 2020, is projected to reach a revised size of US$891.2 Million by 2026, growing at a CAGR of 2.7% over the analysis period.

The U.S. Market is Estimated at $209.7 Million in 2021, While China is Forecast to Reach $175.4 Million by 2026

The Absorption Chillers market in the U.S. is estimated at US$209.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$175.4 Million by the year 2026 trailing a CAGR of 5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

SELECT PLAYERS

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

SEGMENTS

» Segment (Absorption Chillers)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
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
Impact of Covid-19 and a Looming Global Recession
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
World Current & Future Analysis for Absorption Chillers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Absorption Chillers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
CANADA
Canada Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
JAPAN
Japan Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
CHINA
China Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
EUROPE
Europe Current & Future Analysis for Absorption Chillers by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Absorption Chillers by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2020 & 2027
FRANCE
France Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
GERMANY
Germany Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
ITALY
Italy Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UNITED KINGDOM
UK Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
SPAIN
Spain Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
RUSSIA
Russia Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
REST OF EUROPE
Rest of Europe Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Absorption Chillers by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Absorption Chillers by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2020 & 2027
AUSTRALIA
Australia Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
INDIA
India Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
SOUTH KOREA
South Korea Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
REST OF ASIA-PACIFIC
Rest of Asia-Pacific Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
LATIN AMERICA
Latin America Current & Future Analysis for Absorption Chillers by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Latin America 7-Year Perspective for Absorption Chillers by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2020 & 2027
ARGENTINA
Argentina Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
BRAZIL
Brazil Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
MEXICO
Mexico Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
REST OF LATIN AMERICA
Rest of Latin America Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
MIDDLE EAST
Middle East Current & Future Analysis for Absorption Chillers by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Middle East 7-Year Perspective for Absorption Chillers by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2020 & 2027
IRAN
Iran Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
ISRAEL
Israel Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
SAUDI ARABIA
Saudi Arabia Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UNITED ARAB EMIRATES
UAE Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
REST OF MIDDLE EAST
Rest of Middle East Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
AFRICA
Africa Current & Future Analysis for Absorption Chillers by Segment - Absorption Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Total Companies Profiled: 29

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