Absorption Chillers Market Key Highlights:
- Market Size (2024): USD 819 Million
- Projected Market Size (2034): USD 1,048 Million
- CAGR (2024-2034): 2.5%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies
Absorption Chillers Market Definition
An absorption chiller has widespread adoption in residential, industrial, and commercial buildings for refrigeration, air conditioning, and also for other process cooling purposes. This machinery generally works on the concept of vapor absorption technology. It uses waste heat from steam, hot water, and others from several non- industrial and industrial sources to move the refrigerant around the circuit of chillers. Absorption chillers are widely used in the food and beverage and petroleum industries as these industries require accurate temperature control. Absorption refrigerating machines assists in saving the operating costs and reducing reliance on electrical energy by using waste heat.
The significant rise in the number of industries around the world particularly in the emerging economies are expected to propel the growth of the market in the coming years. Absorption refrigeration units are one of the crucial innovations in the energy efficiency-driven industrial landscape. Additionally, the rapid urbanization led to the construction of increasing number commercial and residential buildings.
The rising adoption of solar-powered absorption refrigerating machines in several end-use industries are projected to offer lucrative growth opportunities in the coming years. Solar-powered absorption cooling systems uses solar thermal energy to provide efficient cooling and aims to meet with the global push toward sustainability and renewable energy sources.
Absorption Chillers Market Segmentation:
By Type
- Single Stage
- Double Stage
By Application
- Domestic
- Commercial
- Industrial
Absorption Chillers Market Companies:
- Daikin Industries
- Johnson Controls
- Thermax Ltd.
- Trane
- Broad Air Conditioning
- Carrier Corporation
- Hitachi Appliances
- Midea Group
- Robur Corporation
- Shuangliang Eco-Energy Systems
- LG
- EAW Energieanlagenbau GmbH
- Century
- Kirloskar Pneumatic Co. Ltd.
- Yazaki Energy Systems Inc.
- MultiChill Technologies Inc.
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