Absorption Chillers Market Forecasts From 2018 To 2023
DESCRIPTION Absorption chillers market was valued at US$959.571 million in 2017 and is projected to expand at a CAGR of 4.53% over the forecast period to reach US$1,252.081 million by 2023. Absorption Chillers are cooling solutions that operate on thermal power instead of mechanical power. The demand for absorption chillers market is expected to grow on account of increasing adoption across various industries such as pharmaceuticals, food and beverages, textile, power and energy, chemical and petrochemicals, and others. Falling electicity prices and increasing investments in infrastructure projects across fast growing economies is expected to drive the demand for these chillers over the projected period. High cost associated with the maintenance and low efficiency as compared to the substitutes are some of the challenges to the large-scale adoption of these solutions during 2017 to 2023.
Key Questions Answered By The Report What will be Absorption Chillers Market from 2019 to 2024? How are the major drivers and restraints affecting the Absorption Chillers Market growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why? A comprehensive analysis of competitive landscape and key market participant’s behavior Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Geography
North America U.S. Canada Mexico Others South America Brazil Others Europe UK Germany
Geography
France
Others
Middle East and Africa
Saudi Arabia
UAE
Israel Others
Asia-Pacific
Japan
China
India
Geography
Australia Others
Segments Covered Under Global Storage Market:
By Type Steam Absorption Chillers Hot water Absorption Chillers Direct-Fired Absorption Chillers Indirect-Fired Absorption Chillers
By Technology Single-Effect Double-Effect Triple-Effect
By End User Industrial Commercial Residenti
COMPANY PROFILES
Johnson Controls-Hitachi Air Conditioning Thermax Global Trane Carrier Corporation Helioclim
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