Global Absorption Chiller Market
Absorption Chiller Market Size And Forecast
Global Absorption Chiller Market was valued at USD 1.37 Billion in 2019 and is projected to reach USD 1.87 Billion by 2027, growing at a CAGR of 4.09% from 2020 to 2027.
Global Absorption Chillers Market Overview
The growing adoption of environmental safety measures by industrialists or end-users owing to the stringent government norms and policies has surged the demand for solar-powered absorption chillers from various industries including petroleum and chemical, food and beverage, geothermal, solar, and many others. Furthermore, an increase in urbanization and population has raised the demand for air conditioning and refrigeration which in turn is another driving factor of the absorption chillers market. However, absorption chillers require high installation and operational costs as compared to the conventional electric and mechanical chillers, and it can potentially affect market growth over the forecast period.
Global Absorption Chillers Market: Segmentation Analysis
The Global Absorption Chillers Market is segmented on the basis of type, application, end-user, and geography.
Global Absorption Chiller Market: Competitive Landscape
The “Global Absorption Chillers Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Thermax Ltd., Johnson Controls–Hitachi Air Conditioning, Carrier Global Corporation, Yazaki Corporation, Century Corporation, and Others.
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