Absorption Chillers Market 2014-2022: Trends, Issues & Drivers - Global Strategic Business Report 2016 - Research and Markets

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Sep 27, 2016, 11:10 ET

DUBLIN, September 27, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Absorption Chillers - Global Strategic Business Report" report to their offering.

This report analyzes the worldwide markets for Absorption Chillers in US$ Thousand. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World.

Annual estimates and forecasts are provided for the period 2014 through 2022. Market data and analytics are derived from primary and secondary research.

The report profiles 35 companies including many key and niche players such as

Broad Air Conditioning Co., Ltd. (China)
Carrier Corporation (US)
Century Corporation (Korea)
CNIM Group (France)
Colibri-bv (The Netherlands)
EAW Energieanlagenbau GmbH (Germany)
Ebara Refrigeration Equipment & Systems Co., Ltd. (Japan)
Hitachi Appliances Inc. (Japan)
Johnson Controls (US)
LG Electronics (Korea)
McQuay International (China)
Simons Green Energy (Australia)
Shuangliang Eco-Energy Systems Co., Ltd. (China)
Robur Group (Italy)
Thermax Inc. (US)
Trane Inc. (US)
Worldenergy Absorption Chillers Europe Ltd. (Korea)
Yazaki Energy Systems Inc. (US)

Key Topics Covered:

1. INDUSTRY OVERVIEW

Absorption Chillers: Reducing Energy Demand by Recovering, Recycling, and Re-using Waste Energy

The Urgent Need to Replace Compressor-Based Cooling Systems Drive Widespread Adoption

Absorption Chillers Superiority over Traditional Compression Chillers

Low Consumption of Electricity

Effective Utilization of Waste Heat

Environment Friendly

No Risk of Explosion

Minimizes Installation Area

Low Running Costs

Low Driving Temperatures

Crystallization Risk Absent in Water/Ammonia Chillers

Low Vibration and Noise

Absence of Rotating Parts

Asia-Pacific Continues to Dominate the Global Market, Also Offers Significant Growth Opportunities

Recovering Economic Fundamentals Presents Optimistic Outlook for Absorption Chillers

Current Economic Scenario

Despite Slowdown in Economic Growth, China Continues to Dominate Global Sales of Absorption Chillers

Competitive Landscape

Highly Competitive Nature of the Market Drives Product Innovation

2. MARKET TRENDS, ISSUES & DRIVERS

Rising Demand from Various End-use Applications Drive Healthy Market Growth for Absorption Chillers

Absorption Chillers Provide a Green' Strategy for Various Industries

Commercial Applications

Refrigeration Applications

Industrial Applications

Absorption Chiller Innovations & Advancements: Spearheading Growth

Biomass-Powered Thermochiller

Small Size Ammonia Water Absorption Chillers with Higher COP

Water-Cooled Technology Lowers Operational Costs

Triple-Effect Absorption Chillers: An Upcoming Technology

Modular Micro-Channel Chillers Provide Significant Energy Savings

Compact Absorption Chillers Market Gain Momentum

Growing Adoption of Trigeneration and Quattrogeneration Technologies Benefit Market Expansion

Lithium Bromide Absorption Chillers: Preferred Cooling Solution for Trigeneration Systems

Surging Consumption of Electricity for Cooling Purposes Drives Demand for the Energy-Efficient Absorption Chillers

Environmental Concerns Drive Business Case for Absorption Chillers

Kyoto Protocol Implementation Augurs Well for Solar & Waste Heat Powered Chillers

Indirect Fired Absorption Chillers: The Best Bet for Environmental Cause

Favorable Government Initiatives & Regulatory Measures Lends Traction to Market Adoption

Spiraling Energy Consumption Propels Demand for Absorption Chillers

Focus on Reducing Energy Costs Bodes Well for Absorption Chillers

Urbanization: A Mega Trend Spurring Demand for Cooling Solutions

Burgeoning Global Data Centers Offer Significant Growth Potential

Positive Outlook for the Global Construction Industry Benefits Market Prospects

Industry Promotional & Marketing Efforts Benefit the Market

Demonstration Projects: A Launch Pad for Absorption Chillers

Training and Marketing Initiatives to Foster Awareness Levels

Other initiatives

Key Concerns & Challenges Hampering Market Prospects for Absorption Chillers

Corrosion

Stiff Competition from Popular Chiller Categories

Robust Increase in Sales of Centrifugal Chillers

Lack of Awareness

High Cost

Less Efficient in Comparison with Mechanical Chillers

Low Thermal Efficiency of Single Effect Systems

Requirement of Higher Pump Energy

Necessitates Larger Cooling Tower

Risks Due to Air Leaks

Crystallization

High Costs of Manufacturing

Other Concerns

3. PRODUCT OVERVIEW

Thermally Driven Cooling Systems

Classification of Thermal/Heat Driven Cooling Technologies

Closed and Open Cycles

Definition of Absorption Chiller

Historic Review of the Absorption Technology

Types of Absorption Chillers

Direct Fired and Indirect Fired Absorption Chillers

Sources of Heat

Brief Overview of Solar Driven Absorption Cooling

Single-Effect Chillers

Single Effect Absorption Cycle

Double-Effect Chillers

Double Effect Absorption Cycle

LiBr/Water and Water/Ammonia Absorption Chillers

Comparison between LiBr/Water and Water/Ammonia Absorption Chillers

Parameters for Water/LiBr and Ammonia/Water Absorption Chillers

Air-cooled and Water Cooled Chillers

Efficiency of Absorption Chillers

Technology behind Absorption Chillers

Working of an Absorption Chiller

Absorption Chillers by Cooling Capacity

Table 15: Types of Absorption Chillers by Cooling Capacity (kW)

Table 16: Price Range of Absorption Chillers (in Dollars) by CHP Size

4. COMPETING TECHNOLOGIES

Adsorption Chillers

Desiccant Cooling Systems

Comparison of Absorption Cooling Technology with Other Thermally Driven Technologies

5. RECENT INDUSTRY ACTIVITY

Enrgistx Inks Distribution Agreement with Shuangliang Eco-Energy

Capstone Turbine Inks Strategic Partnership with MultiChill

Thermax to Establish New Manufacturing Plant

dpac UK Signs Distribution Agreement with Shuangliang

Klima-Therm Inks Two Distribution Agreements with Major Global Manufacturers

Petrofac Awards Contract to CNIM

Johnson Controls Inks Joint Venture Agreement with Hitachi

Bry-Air (Asia) Launches Green Adsorption Chiller

Kawasaki Unveils New Absorption Chiller-heater

Shuangliang Launches High Reliability & Efficiency Absorption Chiller

Panasonic Launches New Absorption Chiller with Solar Heat

GK JAC Begins Century Absorption Chillers Distribution in Russia

CNIM Acquires Absorption Chiller & Heat Pump Business of INVEN Absorption

Toho Gas and Hitachi Appliances Jointly Develop Hot Water Absorption Chiller

Thermax Supplies & Installs Vapor Absorption Chillers in the US and Europe

6. FOCUS ON SELECT GLOBAL PLAYERS

7. GLOBAL MARKET PERSPECTIVE

Total Companies Profiled: 35 (including Divisions/Subsidiaries 42)

The United States (12)
Japan (6)
Europe (8)
- France (1)
- Germany (3)
- The United Kingdom (2)
- Italy (1)
- Rest of Europe (1)
Asia-Pacific (Excluding Japan) (16) For more information about this report visit http://www.researchandmarkets.com/research/w7nl2z/absorption