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Global Absorption Chiller Market (2023-2028) Competitive Analysis, Impact of Economic Slowdown & Impending Recession, Ansoff Analysis

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  • 176 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5753685
The Global Absorption Chiller Market is estimated to be USD 1.4 Bn in 2023 and is expected to reach USD 1.75 Bn by 2028, growing at a CAGR of 4.56%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Absorption Chiller Market is segmented based on Source of Energy, Refrigerant, Packaging, Application, End-Users, and Geography.
  • By Source of Energy, the market is classified into Direct Fired Absorption Chillers, Steam heated Absorption Chillers, Hot Water Heated Absorption Chillers, and Gaseous Fuels powered Absorption Chillers.
  • By Refrigerant, the market is classified into Ammonia Absorption Chillers and Lithium Bromide (Brine) Absorption Chillers.
  • By Packaging, the market is classified into Modular Absorption Chillers and Packaged Absorption Chillers.
  • By Application, the market is classified into Food Storage and Air Conditioning.
  • By End-Users, the market is classified into Industrial Use, Commercial Use, and Residential Use.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Broad Air Conditioning, Co. Ltd., EAW Energieanlagenbau GmbH, Hitachi Appliances, Inc., LG Electronics, World Energy, LLC, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Absorption Chiller Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Absorption Chiller Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Absorption Chiller Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Awareness and Need for Energy-efficient Refrigeration
4.1.2 Deployment of Absorption Chillers Across a Wide Range of Application Areas
4.2 Restraints
4.2.1 Preference for More Affordable Centrifugal Chiller
4.2.2 High Initial Investment & Maintenance
4.3 Opportunities
4.3.1 Absorption Chillers for the Commercial Sector & Data Centers
4.3.2 Increasing Attractiveness of Triple Effect Absorption Chillers
4.4 Challenges
4.4.1 Regulations on Emission of Fluorinated Greenhouse Gases
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Absorption Chillers Market by Source of Energy
6.1 Direct Fired Absorption Chillers
6.2 Steam heated Absorption Chillers
6.3 Hot Water Heated Absorption Chillers
6.4 Gaseous Fuels powered Absorption Chillers
7 Global Absorption Chillers Market by Refrigerant
7.1 Ammonia Absorption Chillers
7.2 Lithium Bromide (Brine) Absorption Chillers
8 Global Absorption Chillers Market by Packaging
8.1 Modular Absorption Chillers
8.2 Packaged Absorption Chillers
9 Global Absorption Chillers Market by Application
9.1 Food Storage
9.2 Air Conditioning
10 Global Absorption Chillers Market by End User
10.1 Industrial Use
10.2 Commercial Use
10.3 Residential Use
11 Americas' Absorption Chiller Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas
12 Europe's Absorption Chiller Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe
13 Middle East and Africa's Absorption Chiller Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA
14 APAC's Absorption Chiller Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific
15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements
16 Company Profiles
16.1 Broad Air Conditioning, Co. Ltd.
16.2 Carrier Global, Corp.
16.3 Century, Corp.
16.4 Colibri B.V.
16.5 Coolair Equipment Ltd.
16.6 Daikin Industries, Ltd.
16.7 EAW Energieanlagenbau GmbH
16.8 Helioclim
16.9 Hitachi Appliances, Inc.
16.10 Hyundai Climate Control Co. Ltd.
16.11 Johnson Controls
16.12 Kawasaki Thermal Engineering Co., Ltd.
16.13 LG Electronics
16.14 Midea Group
16.15 MultiChill Technologies, Inc.
16.16 Robur SpA
16.17 Shuangliang Eco-Energy Systems, Co. Ltd.
16.18 Thermax, Ltd.
16.19 Trane Technologies Company, LLC
16.20 World Energy, LLC
16.21 Yazaki Energy Systems, Inc.
17 Appendix
17.1 Questionnaire

Companies Mentioned

  • Broad Air Conditioning, Co. Ltd.
  • Carrier Global, Corp.
  • Century, Corp.
  • Colibri B.V.
  • Coolair Equipment Ltd.
  • Daikin Industries, Ltd.
  • EAW Energieanlagenbau GmbH
  • Helioclim
  • Hitachi Appliances, Inc.
  • Hyundai Climate Control Co. Ltd.
  • Johnson Controls
  • Kawasaki Thermal Engineering Co., Ltd.
  • LG Electronics
  • Midea Group
  • MultiChill Technologies, Inc.
  • Robur SpA
  • Shuangliang Eco-Energy Systems, Co. Ltd.
  • Thermax, Ltd.
  • Trane Technologies Company, LLC
  • World Energy, LLC
  • Yazaki Energy Systems, Inc.

Table Information