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The absorption chillers market is expected to grow from US$959.571 million in 2017 to US$1,252.081 million by 2023, at a CAGR of 4.53% between <br>2018 and 2022.absorption chillers is a device to produce chilled water with the help of heat energy instead of using an electrical source used in conventional chilling devices<br><br>for more information visit us:<br>https://www.knowledge-sourcing.com/report/absorption-chillers-market<br>
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Absorption Chillers Market Forecasts From 2018 To 2023
DESCRIPTION Absorption chillers market was valued at US$959.571 million in 2017 and is projected to expand at a CAGR of 4.53% over the forecast period to reach US$1,252.081 million by 2023. Absorption Chillers are cooling solutions that operate on thermal power instead of mechanical power. The demand for absorption chillers market is expected to grow on account of increasing adoption across various industries such as pharmaceuticals, food and beverages, textile, power and energy, chemical and petrochemicals, and others. Falling electicity prices and increasing investments in infrastructure projects across fast growing economies is expected to drive the demand for these chillers over the projected period. High cost associated with the maintenance and low efficiency as compared to the substitutes are some of the challenges to the large-scale adoption of these solutions during 2017 to 2023.
Key Questions Answered By The Report • What will beAbsorption Chillers Market from 2019 to 2024? • How are the major drivers and restraints affecting the Absorption Chillers Market • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Geography • North America • U.S. • Canada • Mexico • Others • South America • Brazil • Others • Europe • UK • Germany
Geography • France • Others • Middle East and Africa • Saudi Arabia • UAE • Israel • Others • Asia-Pacific • Japan • China • India
Geography • Australia • Others
Segments Covered Under Global Storage Market: • By Type • Steam Absorption Chillers • Hot water Absorption Chillers • Direct-Fired Absorption Chillers • Indirect-Fired Absorption Chillers • By Technology • Single-Effect • Double-Effect • Triple-Effect • By End User • Industrial • Commercial • Residenti
COMPANY PROFILES • Johnson Controls-Hitachi Air Conditioning • Thermax Global • Trane • Carrier Corporation • Helioclim
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