The absorption chillers market is expected to generate more than US$1.3 billion in sales in 2019, according to Persistence Market Research’s (PMR) forecast.
The absorption chillers market is emerging as a key provider of sustainable cooling solutions for various industries. As the demand for energy-efficient and environmentally friendly cooling systems grows, the market’s focus on developing advanced absorption chillers is revolutionizing the way industries achieve their cooling needs. These chillers utilize waste heat or low-grade energy sources, such as natural gas or solar energy, to generate cooling, offering a sustainable and cost-effective alternative to conventional refrigeration systems.
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One of the key drivers behind the growth of the absorption chillers market is the increasing need for energy-efficient cooling solutions. Industries such as manufacturing, healthcare, hospitality, and data centers require significant cooling capacities, and traditional cooling systems can be energy-intensive and environmentally harmful. Absorption chillers address these challenges by utilizing waste heat or renewable energy sources, reducing the reliance on electricity and minimizing carbon emissions. The market’s commitment to sustainability aligns with the global focus on reducing energy consumption and achieving climate targets.
Furthermore, the versatility and reliability of absorption chillers make them suitable for a wide range of applications. Whether it is air conditioning in commercial buildings, process cooling in industrial facilities, or cooling for refrigeration and cold storage, absorption chillers can cater to diverse cooling needs. Their ability to provide cooling without the use of harmful refrigerants also contributes to the market’s appeal, as industries seek environmentally friendly alternatives to conventional vapor compression chillers.
Moreover, the absorption chillers market recognizes the importance of efficiency and performance optimization. Manufacturers are continually improving the design and engineering of absorption chillers to enhance their efficiency, reliability, and lifespan. Advanced controls, monitoring systems, and integration with other energy management solutions further optimize the performance of these chillers, allowing industries to achieve significant energy savings and reduce operating costs.
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In conclusion, the absorption chillers market is driving the adoption of sustainable cooling solutions across various industries. With their ability to utilize waste heat or renewable energy sources, absorption chillers provide energy-efficient and environmentally friendly alternatives to traditional cooling systems. As industries increasingly prioritize sustainability and energy efficiency, the absorption chillers market is well-positioned to meet their cooling needs while contributing to a greener and more sustainable future.
Companies Covered in This Report –
- Robur Corporation
- Trane, Inc.
- Carrier Corporation
- LG Electronics, Inc.
- Thermax Limited
- Shuangliang Eco-Energy Systems Co. Ltd.
- Kawasaki Thermal Engineering Co., Ltd.
- Hyundai Climate Control Co. Ltd
- Yazaki Corporation
- World Energy
- BROAD Group
- EAW Energieanlagenbau GmbH
- Colibri bv
- Johnson Controls–Hitachi Air Conditioning
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Absorption Chillers Market – Segmentation
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