Global Absorption Chillers Market - Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Consumption and Forecast 2019 - 2025


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Introduction

Absorption Chillers Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. These chillers use a refrigerant with low boiling points such as ammonia and lithium bromide. There are three phases of the chilling cycle namely evaporation, absorption and regeneration. Absorption chillers are used in domestic, commercial as well as industrial sector. 
Currently, the world absorption chillers market is at a growing juncture due to increasing popularity of these cost effective cooling systems. Major drivers acting in the world absorption chillers market include various attributes such as inaudible and vibration free operation along with low maintenance and operational costs.

Geographical Overview

At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Absorption Chillers Market with its high population base. the market is segmented into domestic, industrial and commercial. Geographically, the world absorption chillers market is divided into North America, Europe, Asia-Pacific and LAMEA.

Segmental Overview
Absorption Chillers Market is segmented as per below specifications -  

By Product Type: 
• Ammonia
• Lithium Bromide

By Consumption: 
• Food Storage
• Air Conditioning

By Distribution Channel: 
• Domestic
• Commercial
• Industrial

Competitor Analysis
Absorption Chillers Market has presence of some of the key major players across globe which includes
• Carrier Corporation 
• Thermax Ltd. 
• Kirloskar Pneumatic Co. Ltd.
• Century Corporation 
• EAW Energieanlagenbau GmbH 
• Hitachi Appliances Inc. 
• Yazaki Energy Systems Inc. 
• MultiChill Technologies Inc.

These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.  

By Geographical Locations: 
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China 
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific 
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA

Highlights of the report
What is Absorption Chillers Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation 
Market size projection based on Historical & current market trends 
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations