Absorption Chiller Market To Witness Growth Owing To Rising Demand From Food Processing And Petroleum Industries Till 2021 | Million Insights

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According to new report available with Million Insights, The global absorption chiller market is segmented on the basis of types, refrigerant, packaging of chillers, applications, end use sector, and region. Based on end use sector, the market is bifurcated into industrial, commercial, and residential.

The global absorption chiller market is segmented on the basis of types, refrigerant, packaging of chillers, applications, end use sector, and region. Absorption chillers use heat to drive the refrigeration cycle, they produce chilled water while consuming just a small amount of electricity to run the pumps on the unit. Absorption chillers generally use steam or hot water to drive the lithium bromide refrigeration cycle but can also use other heat sources. The cooling effect is driven by heat energy, rather than mechanical energy.

Absorption chillers have many advantages over conventional chillers, including low noise levels, improved efficiency, and lower operational & maintenance costs. These factors make absorption chillers an appealing option in the refrigeration sector. Moreover, these chillers are eco-friendly, due to lower emissions of gas and other pollutants during their operation. On the other hand, adoption of absorption chillers results in high risk of deterioration and may also damage an entire unit in case of air leakage from the main panel.

Based on type, the absorption chiller market is classified into direct or indirect-fired, and as single, double or triple-effect. In direct-fired units, the heat source can be gas or some other fuel that is burned in the unit. Single effect cycle refers to the transfer of fluids through the four major components of the refrigeration machine such as evaporator, absorber, generator and condenser. Double effect differs from the single-effect; there are two condensers and two generators to allow for more refrigerant boil-off from the absorbent solution. Triple effect is under development, and is also the next step in evolution of absorption technology.

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Based on refrigerant, the absorption chiller market is classified into Ammonia, Lithium Bromide (Brine).The LiBr/H2O system uses lithium bromide as the absorber and water as the refrigerant. The ammonia-water system uses water as the absorber and ammonia as the refrigerant.

Based on packaging of chillers, the absorption chiller market is classified into modular chillers, and packaged chillers. On the basis of applications, the market is classified into food storage, and air conditioning. Based on end use sector, the market is bifurcated into industrial, commercial, and residential.

Geographically, the global market spans into North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC, S. Africa, N. Africa).North America accounts for the largest market share of absorption chiller market and is expected to lead the global market during the forecast period. This is due to strong adoption from the regions food processing and petroleum industries.

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In Europe, growth of the absorption chillers market is estimated to be determined by steady demand from the frozen food sector. Asia Pacific and Middle East & Africa (MEA) are expected to bid considerable growth opportunities to absorption chillers manufacturers. This is due to overall economic growth in the region. Steady growth in the region’s food processing sector, especially frozen food, is expected to ramp up demand during the forecast period.

The global key players are Thermax Ltd, Helioclim, MultiChill Technologies Inc, Kirloskar Pneumatic Company Ltd, World Energy Absorption Chillers Europe Ltd, LG Air Conditioning (Shandong) Co., Ltd., Hitachi Appliances Inc., EAW Energieanlagenbau GmbH, Carrier Corporation, Century Corporation and Yazaki Energy Systems Inc.

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/machinery-and-machine-parts

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