Lake Shore Gazette

Leading News Website

The Absorption Chillers Market Estimate To Boost Growth In Demand By 2019-2029

Persistence Market Research delivers key insights on the global absorption chillers market. In the coming years, the global absorption chillers market is projected to display a positive outlook. The market value is expected to increase at a moderate pace over the forecast period. Based on the technology adopted, double stage chillers are anticipated to account for substantial share throughout the forecast period.

The global absorption chillers market was valued at nearly US$ 1.2 Bn by the end of 2018, witnessing approx. 3.6% Year-on-Year growth over 2017. The U.S. is expected to account for a maximum share in the global absorption chillers market over the forecast period. South Asia is expected to witness maximum growth during the forecast period, supported by the rising demand from chemicals and pulp & paper manufacturing.

To remain ‘ahead’ of your competitors, request for a sample @

https://www.persistencemarketresearch.com/samples/3537

absorption chillers market

 

Global Absorption Chillers Market: Dynamics

Increasing installation of solar-powered absorption chillers across various end-use industries is found to be the key factor assisting the installation of absorption chillers. Absorption chillers powered by solar power technology for large chilling applications are gaining traction, and, in turn, increasing the overall demand for absorption chillers. Solar powered absorption chillers are the most efficient and effective for heating and cooling buildings, utilizing only solar power. These types of absorption chillers provide maximum cooling performance, while minimizing electrical power consumption. Hence, they reduce the ever-increasing electricity consumption in summer, which is primarily attributed to conventional air conditioning systems.

However, the high installation cost of absorption chillers as compared to mechanical and electrical chillers results in a long payback period. This factor, combined with high maintenance and operational costs, is primarily restraining the growth of the global absorption chillers market.

Increasing waste heat and high operational costs of ships are expected to create substantial opportunities for absorption chiller manufacturers across the globe. Operational ships release large amounts of waste heat, which not only increase the operational cost of the ships but also have a negative impact in terms of high Co2 emissions. This waste heat can be utilized to power absorption chillers, which can be further used to cool vessels.

 

For critical insights on this market, request for ask an expert here @        

https://www.persistencemarketresearch.com/ask-an-expert/3537

 

Global Absorption Chillers Market: Forecast

Market insights suggest that, direct fired absorption chillers are expected to witness maximum number of installations over the coming years, owing to the reason that, these types of absorption chillers are primarily utilized in countries where there is easy availability of oil and natural gas.

Spearheaded by GCC Countries, the Middle East & Africa region is expected to account for a prominent share in the global absorption chillers market. South Asia and East Asia, together, are expected to create more than 1/3 of the overall incremental opportunity during the forecast period, and are expected to witness prominent growth over the near future. Continuous focus on the enhancement of environmental sustainability and energy efficiency across manufacturing industries is responsible for the prominent growth in the Asia Pacific region.

 

For in-depth competitive analysis, buy now@

https://www.persistencemarketresearch.com/checkout/3537

 

Have a Look at Related Research Reports: 

Rainwater Harvesting System Market: Rainwater Harvesting System Market Segmented By Rain Barrel Systems, Dry Systems, Wet System, Green Roof Systems Type with Above-ground, Underground Rain Water Harvesting Systems

Gas Leak Detector Market: Gas Leak Detector Market Segmented By portable gas leak detectors, fixed gas leak detector with infrared imaging, semiconductor, electrochemical and ultrasonic Technology

Pressure Relief Valves For Water And Wastewater Treatment Market: Pressure Relief Valves for Water & Wastewater Treatment Market Segmented by Direct Acting Spring Relief Valves, Pilot Operated Valves, Combination Valves, Anti-Cavitation Valves, Three Way Solenoid Valves product

About us:                                           

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

Contact us:

Persistence Market Research

Address – 305 Broadway, 7th Floor, New York City,

NY 10007 United States

U.S. Ph. – +1-646-568-7751

USA-Canada Toll-free – +1 800-961-0353

Sales – sales@persistencemarketresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *