© 2016 Global Market Insights, Inc. USA. All Rights Reserved Absorption Chiller Market Size, Share, Industry Outlook & Forecast Global absorption chiller market size is projected to exceed USD 980 million by 2023

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Global absorption chiller market size is projected to exceed USD 980 million by 2023 and it is likely to grow at a CAGR of over 3.5% from 2016 to These are the refrigerants that use heat energy for cooling rather than employing mechanical energy. Rising government concern regarding energy conservation accompanied by escalating process cooling needs in various industrial applications is likely to drive industry demand.  Increasing demand for energy efficient cooling solutions is predicted to propel the industry growth over the forecast period. In addition, lack of electricity infrastructure in developing nations is estimated to boost absorption chillers market size.  Escalating electricity prices along with electricity supply shortages may positively impact the industry over the upcoming years. Furthermore, proliferating usage of these chillers in solar cooling projects is expected to fuel demand. Global Market Scenario of Absorption Chiller Industry

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Attributes such as vibration-free and inaudible operation offered by these systems is predicted to surge the demand from 2015 to Low maintenance and operating cost offered by these machines is also likely to spur the absorption chiller market size over the forecast period.  Hot water fired, steam fired, natural gas fired and exhaust gas are the various types of chillers. Various technologies involved include single effect, double effect and triple effect absorption. Single effect technology is predicted to experience intensifying growth owing to its low coefficient of powers (COP). This technology is primarily used in various industries such as boilers and power plants and is available in range of capacity between 7.5 tons and 1,500 tons.  Double effect absorption chiller market is widely employed in high pressure steam application namely district heating. These are more efficient than their single effect counterparts; however they also involve high manufacturing cost.  Based on application, the industry can be segregated into numerous industry sectors such as chemicals, refrigeration, geothermal appliances, oil & petroleum as well as freezing & food canning. Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Hot water fired, steam fired, natural gas fired and exhaust gas are the various types of chillers. Various technologies involved include single effect, double effect and triple effect absorption. Single effect technology is predicted to experience intensifying growth owing to its low coefficient of powers (COP). This technology is primarily used in various industries such as boilers and power plants and is available in range of capacity between 7.5 tons and 1,500 tons.  Double effect absorption chiller market is widely employed in high pressure steam application namely district heating. These are more efficient than their single effect counterparts; however they also involve high manufacturing cost. Based on application, the industry can be segregated into numerous industry sectors such as chemicals, refrigeration, geothermal appliances, oil & petroleum as well as freezing & food canning. Request Detailed Table of contents of Industry Products Insights

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Browse this full  Increasing demand for energy efficient cooling solutions is predicted to propel the industry growth over the forecast period. In addition, lack of electricity infrastructure in developing nations is estimated to boost absorption chillers market size.  Escalating electricity prices along with electricity supply shortages may positively impact the industry over the upcoming years. Furthermore, proliferating usage of these chillers in solar cooling projects is expected to fuel demand. Attributes such as vibration-free and inaudible operation offered by these systems is predicted to surge the demand from 2015 to Low maintenance and operating cost offered by these machines is also likely to spur the absorption chiller market size over the forecast period. Application Insights

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Regional Analysis  Asia Pacific absorption chillers market share is predicted to observe significant growth over the several upcoming years. This can be attributed to rising demand from developing markets, mainly China and India.  U.S. absorption chiller market share is anticipated to witness considerable growth. The surge in demand can be attributed to high concentration of industries such as petroleum, processed food and chemicals in the region.  Europe is expected to exhibit high growth due to the presence of large number of industries in the region.  Latin America and Middle East & Africa are also forecast to witness moderate growth owing to growing adoption across various nations over the forecast period. Inquire For Buying Industry

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