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Absorption Chiller Market Size, Share Global Analysis Report, 2020–2026
Absorption Chiller Market By Type of Refrigerant (Ammonia, Lithium Bromide), Source of Energy (Gas Fired, Steam Heated, Direct Fired, Hot Water Heated), By Application ( Commercial, Residential, Industrial ) and By Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[195+ Pages Report] According to the report published by Facts Factors, the global absorption chillers market size was worth around USD 6,290 million in 2019 and is predicted to grow to around USD 9,640 million by 2026 with a compound annual growth rate (CAGR) of roughly 6.3% between 2020 and 2026. The report analyzes the global absorption chillers market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the absorption chillers market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Absorption Chillers industry. The report analyzes and declares the historical and current trends analysis of the Absorption Chillers industry and subsequently recommends the projected trends anticipated to be observed in the Absorption Chillers market during the upcoming years.
The Absorption Chillers market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Absorption Chillers market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- Increased demand for the aromatic cooling system in the industrial market.
- Low maintenance cost and low operating cost is driving the absorption chillers market
- Development of research and development in the cooling systems in emerging economies.
Key Recommendations from Analysts
- Rising demand for sustainable development and a green economy is anticipated to drive the market.
- Asia Pacific region is anticipated to a larger share of the absorption chillers market in the upcoming years.
- Liquid Bromide refrigerant is expected to be at the center of the development of the market.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Absorption Chillers industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Absorption Chillers industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Absorption Chillers market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Absorption Chillers industry. The Absorption Chillers market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Absorption Chillers sector. Key strategic developments in the Absorption Chillers market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Absorption Chillers market are appropriately highlighted in the report.
The global Absorption Chillers market is experiencing significant growth that is expected to continue over the upcoming years. With a massive rise in the demand for Media and Entertainment, Construction is likely to act as a key driver of the global Absorption Chillers market.
The Absorption Chillers market research report delivers an acute valuation and taxonomy of the Absorption Chillers industry by practically splitting the market on the basis of different, applications, industry end-user, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the Absorption Chillers industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Absorption Chillers industry is provided for the leading economies of the world.
The Absorption Chillers market is segmented based on, type of refrigerant, source of energy, application, and region. On the basis of the type of refrigerant segmentation, the market is classified into Ammonia, Lithium Bromide. In terms of the source of energy segmentation, the market is bifurcated into Gas Fired, Steam Heated, Direct Fired, Hot Water Heated. With respect to application, the market is divided into commercial, industrial, and residential.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 6,290 Million |
Projected Market Size in 2026 |
USD 9,640 Million |
CAGR Growth Rate |
6.3% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Century Corporation, Shuangliang Eco-Energy Systems, Johnson Controls, Thermax, Broad Air Conditioning, Yazaki Energy Systems, and Carrier Corporation. Other prominent industry players are Hitachi Appliances, EAW Energieanlagenbau, LG Air Conditioning, Robur Group, Shuangliang Eco-Energy Systems, and Trane. , and Others |
Key Segment |
By Type of Refrigerant Analysis, By Source of Energy Analysis, By Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading and top companies in the absorption chiller market include
- Century Corporation
- Shuangliang Eco-Energy Systems
- Johnson Controls
- Thermax
- Broad Air Conditioning
- Yazaki Energy Systems
- Carrier Corporation
Other prominent industry players are
- Hitachi Appliances
- EAW Energieanlagenbau
- LG Air Conditioning
- Robur Group
- Shuangliang Eco-Energy Systems
- Trane
The taxonomy of the Absorption Chillers Market by its scope and segmentation is as follows:
By Type of Refrigerant Analysis
- Ammonia
- Lithium Bromide
By Source of Energy Analysis
- Gas Fired
- Steam Heated
- Direct Fired
- Hot Water Heated
By Application Analysis
- Commercial
- Residential
- Industrial
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Century Corporation
- Shuangliang Eco-Energy Systems
- Johnson Controls
- Thermax
- Broad Air Conditioning
- Yazaki Energy Systems and Carrier Corporation
- Hitachi Appliances
- EAW Energieanlagenbau
- LG Air Conditioning
- Robur Group
- Shuangliang Eco-Energy Systems
- Trane
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