The Latin America, Middle East and Africa Absorption Chillers Market should witness market growth of 7.2% CAGR during the forecast period (2022-2028).
An absorption chiller has a condenser, an evaporator, a generator, a heat exchanger, and an absorber. It is pumped with the help of the heat exchanger and then go to the generator tank which is at the top of the chiller. The heat generated from the outside or waste steam collected from other systems in the building will go into the chiller’s generator. Water and lithium bromide will then be separated under the heat.
Water gradually becomes vapor and rises to the top where the condenser is located, and the lithium bromide drowns to the bottom. The lithium bromide then passes through a pipe and flows back to the absorber, which is its initial place. Then, the vapor in the condenser on the top passes through a cooling tower, which has a lower air pressure than the condenser. Thus, the vapor becomes water again as the air pressure declines. The cold water then goes into the evaporator and waits to be blended with the lithium bromide in the absorber gain.
The United Arab Emirates (UAE) is amongst the top oil producers. Around 96% of the nation’s roughly 100 billion barrels of proven oil reserves are present in Abu Dhabi. The UAE generates an average of 3.2 million barrels of petroleum and liquid daily. The UAE is working to develop an unconventional oil and gas production. The UAE announced the discovery of 80 trillion cubic feet of gas resources at Jebel Ali in 2020. The nation is seeking to become self-sufficient in gas supply by 2030.Saudi Arabia possesses around 17% of the world’s proven petroleum reserves and ranks as one of the largest net exporters of petroleum. Saudi Arabia has proven oil reserves and is one of the world’s most significant integrated energy and chemicals companies. This supports the growth of the regional market.
The Brazil market dominated the LAMEA Absorption Chillers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $42.7 million by 2028. The Argentina market is exhibiting a CAGR of 7.8% during (2022-2028). Additionally, The UAE market would display a CAGR of 6.9% during (2022-2028).
Based on Application, the market is segmented into Chemical, Oil & Gas, Food & Beverages and Others. Based on End-user, the market is segmented into Industrial, Commercial and Residential. Based on Refrigerant Type, the market is segmented into Lithium Bromide and Ammonia. Based on Energy Source, the market is segmented into Hot Water Treated, Steam Heated and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics (LG Corporation), Carrier Global Corporation, Thermax Limited, Hitachi, Ltd., Trane Technologies PLC, Johnson Controls International PLC, World Energy Co., Ltd., EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH), Yazaki Corporation, and Styne Group.
An absorption chiller has a condenser, an evaporator, a generator, a heat exchanger, and an absorber. It is pumped with the help of the heat exchanger and then go to the generator tank which is at the top of the chiller. The heat generated from the outside or waste steam collected from other systems in the building will go into the chiller’s generator. Water and lithium bromide will then be separated under the heat.
Water gradually becomes vapor and rises to the top where the condenser is located, and the lithium bromide drowns to the bottom. The lithium bromide then passes through a pipe and flows back to the absorber, which is its initial place. Then, the vapor in the condenser on the top passes through a cooling tower, which has a lower air pressure than the condenser. Thus, the vapor becomes water again as the air pressure declines. The cold water then goes into the evaporator and waits to be blended with the lithium bromide in the absorber gain.
The United Arab Emirates (UAE) is amongst the top oil producers. Around 96% of the nation’s roughly 100 billion barrels of proven oil reserves are present in Abu Dhabi. The UAE generates an average of 3.2 million barrels of petroleum and liquid daily. The UAE is working to develop an unconventional oil and gas production. The UAE announced the discovery of 80 trillion cubic feet of gas resources at Jebel Ali in 2020. The nation is seeking to become self-sufficient in gas supply by 2030.Saudi Arabia possesses around 17% of the world’s proven petroleum reserves and ranks as one of the largest net exporters of petroleum. Saudi Arabia has proven oil reserves and is one of the world’s most significant integrated energy and chemicals companies. This supports the growth of the regional market.
The Brazil market dominated the LAMEA Absorption Chillers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $42.7 million by 2028. The Argentina market is exhibiting a CAGR of 7.8% during (2022-2028). Additionally, The UAE market would display a CAGR of 6.9% during (2022-2028).
Based on Application, the market is segmented into Chemical, Oil & Gas, Food & Beverages and Others. Based on End-user, the market is segmented into Industrial, Commercial and Residential. Based on Refrigerant Type, the market is segmented into Lithium Bromide and Ammonia. Based on Energy Source, the market is segmented into Hot Water Treated, Steam Heated and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics (LG Corporation), Carrier Global Corporation, Thermax Limited, Hitachi, Ltd., Trane Technologies PLC, Johnson Controls International PLC, World Energy Co., Ltd., EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH), Yazaki Corporation, and Styne Group.
Scope of the Study
By Application
- Chemical
- Oil & Gas
- Food & Beverages
- Others
By End-user
- Industrial
- Commercial
- Residential
By Refrigerant Type
- Lithium Bromide
- Ammonia
By Energy Source
- Hot Water Treated
- Steam Heated
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- LG Electronics (LG Corporation)
- Carrier Global Corporation
- Thermax Limited
- Hitachi, Ltd.
- Trane Technologies PLC
- Johnson Controls International PLC
- World Energy Co., Ltd.
- EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
- Yazaki Corporation
- Styne Group
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Absorption Chillers Market, by Application
1.4.2 LAMEA Absorption Chillers Market, by End User
1.4.3 LAMEA Absorption Chillers Market, by Refrigerant Type
1.4.4 LAMEA Absorption Chillers Market, by Energy Source
1.4.5 LAMEA Absorption Chillers Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Absorption Chillers Market by Application
3.1 LAMEA Chemical Market by Country
3.2 LAMEA Oil & Gas Market by Country
3.3 LAMEA Food & Beverages Market by Country
3.4 LAMEA Others Market by Country
Chapter 4. LAMEA Absorption Chillers Market by End User
4.1 LAMEA Industrial Market by Country
4.2 LAMEA Commercial Market by Country
4.3 LAMEA Residential Market by Country
Chapter 5. LAMEA Absorption Chillers Market by Refrigerant Type
5.1 LAMEA Lithium Bromide Market by Country
5.2 LAMEA Ammonia Market by Country
Chapter 6. LAMEA Absorption Chillers Market by Energy Source
6.1 LAMEA Hot Water Treated Market by Country
6.2 LAMEA Steam Heated Market by Country
6.3 LAMEA Others Market by Country
Chapter 7. LAMEA Absorption Chillers Market by Country
7.1 Brazil Absorption Chillers Market
7.1.1 Brazil Absorption Chillers Market by Application
7.1.2 Brazil Absorption Chillers Market by End User
7.1.3 Brazil Absorption Chillers Market by Refrigerant Type
7.1.4 Brazil Absorption Chillers Market by Energy Source
7.2 Argentina Absorption Chillers Market
7.2.1 Argentina Absorption Chillers Market by Application
7.2.2 Argentina Absorption Chillers Market by End User
7.2.3 Argentina Absorption Chillers Market by Refrigerant Type
7.2.4 Argentina Absorption Chillers Market by Energy Source
7.3 UAE Absorption Chillers Market
7.3.1 UAE Absorption Chillers Market by Application
7.3.2 UAE Absorption Chillers Market by End User
7.3.3 UAE Absorption Chillers Market by Refrigerant Type
7.3.4 UAE Absorption Chillers Market by Energy Source
7.4 Saudi Arabia Absorption Chillers Market
7.4.1 Saudi Arabia Absorption Chillers Market by Application
7.4.2 Saudi Arabia Absorption Chillers Market by End User
7.4.3 Saudi Arabia Absorption Chillers Market by Refrigerant Type
7.4.4 Saudi Arabia Absorption Chillers Market by Energy Source
7.5 South Africa Absorption Chillers Market
7.5.1 South Africa Absorption Chillers Market by Application
7.5.2 South Africa Absorption Chillers Market by End User
7.5.3 South Africa Absorption Chillers Market by Refrigerant Type
7.5.4 South Africa Absorption Chillers Market by Energy Source
7.6 Nigeria Absorption Chillers Market
7.6.1 Nigeria Absorption Chillers Market by Application
7.6.2 Nigeria Absorption Chillers Market by End User
7.6.3 Nigeria Absorption Chillers Market by Refrigerant Type
7.6.4 Nigeria Absorption Chillers Market by Energy Source
7.7 Rest of LAMEA Absorption Chillers Market
7.7.1 Rest of LAMEA Absorption Chillers Market by Application
7.7.2 Rest of LAMEA Absorption Chillers Market by End User
7.7.3 Rest of LAMEA Absorption Chillers Market by Refrigerant Type
7.7.4 Rest of LAMEA Absorption Chillers Market by Energy Source
Chapter 8. Company Profiles
8.1 LG Electronics (LG Corporation)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Carrier Global Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.3 Thermax Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.4 Hitachi, Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.5 Trane Technologies PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expense
8.6 Johnson Controls International PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental & Regional Analysis
8.6.4 Research & Development Expenses
8.7 World Energy Co., Ltd.
8.7.1 Company Overview
8.8 EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
8.8.1 Company Overview
8.9 Yazaki Corporation
8.9.1 Company Overview
8.10. Styne Group
8.10.1 Company Overview
Companies Mentioned
- LG Electronics (LG Corporation)
- Carrier Global Corporation
- Thermax Limited
- Hitachi, Ltd.
- Trane Technologies PLC
- Johnson Controls International PLC
- World Energy Co., Ltd.
- EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
- Yazaki Corporation
- Styne Group
Methodology
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