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Global Market Study on Absorption Chillers: Increasing Demand for Renewable Energy Based Air-conditioning Systems to Drive Growth during Forecast Period

Report Description

This report offers forecast and analysis on the absorption chillers market at global and regional levels. In this study 2015 has been considered the base year and we offer forecast from 2016 to 2024 in terms of volume (units) and revenue (US$ Mn). Global consumption and demand of absorption chillers by absorber type, by technology, and by each application at the regional level has been studied thoroughly and included in this research study. It includes drivers and restraints in the global absorption chillers market along with their impact on demand during the forecast period. The report also offers insights on the opportunities available at global and regional levels. This report serves the purpose of helping report reader and decision makers with current supply data and cost analysis as well as how production methods are changing as per consumer requirements. Absorption Chillers manufacturers and suppliers can design production as well as sales and marketing strategies according to the geographic demand  and target customers across each region.

In order to provide users with a comprehensive view of the market, we have included detailed market trends and listed company players with unique selling propositions. This section of the report serves the purpose of helping the reader and decision makers gain an understanding of current product offering of market players and existing trends in the market by product type.

Application segmentation includes current and estimated demand for absorption chillers for non-industrial and industrial segments. Industrial segment further includes chemical, food & beverages, petroleum, power, pulp & paper, and other industries. The market number for the base year 2015 and potential demand for absorption chillers across different industries have been provided in order to help companies in various industries to identify and prioritize actions across broad product lines.   

Market numbers have been estimated on the basis of average demand and consumption analysis by each application segment and technology segment. Market size and forecast for each absorber type segment has been provided in the context of global and regional markets. Market dynamics prevalent in China, North America, Europe, and the Middle East have been taken into account for estimating growth of the global absorption chillers market. Market estimates for this study have been based on volume, with revenue being derived from regional pricing trends. 

The absorption chillers market has been analyzed based on the basis of expected demand. Market data for each segment is based on demand volume and corresponding revenue. Pricing analysis across regions is done on the basis of the weighted average model. This model takes prices obtained through primary quotes from various regional suppliers, distributors, and regional producers based on manufacturers’ feedback and application requirement prices at different product levels into consideration. Weights at different product levels have been applied considering adoption rate across each application segment. 

Further, market revenue is estimated across each country based on a number of units installed annually and regional average price. All market numbers have been derived on the basis of demand for absorption chillers in various applications in different regions. All existing key end-use industries have been considered and potential applications have been estimated on the basis of secondary sources and feedback by primary respondents. Regional consumption patterns have been considered while estimating the market for various end-users industries of absorption chillers in different regions. 

PMR have used the top-down approach to estimate the global absorption chillers market, split by regions. The global application segment and technology split of the market have been derived using the bottom-up approach, which is cumulative of each region’s demand. Regional demand is the summation of sub-regions and countries within a region. Market share of companies has been derived on the basis of revenues reported by key manufacturers. The forecast has been provided, based on constant currency rates.

Several primary and secondary sources were consulted during the course of the study. Secondary sources include USGS, OneSource, Factiva, Hoover’s, ASHRAE Journals, JARN (a global HVAC&R publication), company annual reports, and publications among many others.

The report provides a detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players in the global absorption chillers market include Broad Air Conditioning Co. Ltd., Carrier Corporation, EAW Energieanlagenbau GmbH, Hyundai Climate Control Co., Ltd., Johnson Controls, Kawasaki Thermal Eng. Co. Ltd., Robur Group, Shuangliang Eco-Energy Systems Co. Ltd., Thermax Inc., Trane Inc., and Yazaki Corporation. Company profiles include attributes such as company overview, SWOT analysis, financial overview, business strategy, and recent developments.

The market has been segmented as below:

Absorption Chillers Market – Application Type

  • Non-industrial
  • Industrial
    • Chemicals
    • Food & beverages
    • Petroleum
    • Power
    • Pulp & Paper
    • Other Industries

Absorption Chillers Market – Technology

  • Single-stage
  • Double-stage

Absorption Chillers Market – Absorber Type

  • Lithium bromide
  • Ammonia

Absorption Chillers Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Eastern Europe
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • Northern Africa
    • South Africa
    • Rest of MEA

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