Absorption Chillers - Global Market Trajectory & Analytics

Description Table of
Contents Companies Mentioned

FEATURED COMPANIES

Carrier Corporation
Century Corporation
CNIM Group
Colibri-bv
Hitachi Appliances Inc.
Johnson Controls
MORE

Global Absorption Chillers Market to Reach $910.7 Million by 2027

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$910.7 Million by 2027, growing at a CAGR of 2.7% over the period 2020-2027.

The U.S. Market is Estimated at $204.7 Million, While China is Forecast to Grow at 5% CAGR

The Absorption Chillers market in the U.S. is estimated at US$204.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$183 Million by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Select Competitors (Total 29 Featured):

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.

Frequently Asked Questions about the Global Market for Absorption Chillers

What is the estimated value of the Global Market for Absorption Chillers?

The Global Market for Absorption Chillers was estimated to be valued at $757.2 Million in 2020.

What is the growth rate of the Global Market for Absorption Chillers?

The growth rate of the Global Market for Absorption Chillers is 2.7%, with an estimated value of $910.7 Million by 2027.

What is the forecasted size of the Global Market for Absorption Chillers?

The Global Market for Absorption Chillers is estimated to be worth $910.7 Million by 2027.

Who are the key companies in the Global Market for Absorption Chillers?

Key companies in the Global Market for Absorption Chillers include Carrier Corporation, Century Corporation, CNIM Group, Colibri, bv, EAW Energieanlagenbau GmbH, Ebara Refrigeration Equipment & Systems Co. Ltd., Hitachi Appliances Inc. and LG Electronics.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

Carrier Corporation
Century Corporation
CNIM Group
Colibri-bv
Hitachi Appliances Inc.
Johnson Controls
MORE

I. METHODOLOGYII. EXECUTIVE SUMMARY

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

Table 1: 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
Table 2: 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

III. MARKET ANALYSIS

UNITED STATES
Table 3: 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
Table 4: 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
Table 5: 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
Table 6: 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
Table 7: 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
Table 8: 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
Table 9: 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
Table 10: 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
Table 11: 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
Table 12: 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
Table 13: 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
Table 14: 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
Table 15: 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
Table 16: 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
Table 17: 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
Table 18: 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
Table 19: 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
Table 20: 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
Table 21: 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
Table 22: 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
Table 23: 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
Table 24: 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
Table 25: 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
Table 26: 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
Table 27: 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
Table 28: 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
Table 29: 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
Table 30: 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
Table 31: 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
Table 32: 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
Table 33: 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
Table 34: 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
Table 35: 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

IV. COMPETITION

Total Companies Profiled: 29

Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

What is the estimated value of the Global Market for Absorption Chillers?

What is the growth rate of the Global Market for Absorption Chillers?

What is the forecasted size of the Global Market for Absorption Chillers?

Who are the key companies in the Global Market for Absorption Chillers?

FEATURED COMPANIES

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