Portland, OR -- (SBWire) -- 06/29/2017 --Absorption chillers are refrigerators which deploy a heat source to generate enough energy required to drive the cooling process and are used mainly in food storage and air conditioning. Generally, absorption chillers use waste heat from turbine or water heater to generate energy. 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. Absorption chillers drive the cooling process using several amount of energy sources such as gas, water or electricity. Owing to the low operational costs, absorption chillers are popularly used in educational institutions, hotels, hospitals, food trucks etc.
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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. Moreover, proliferating use of absorption chillers in solar cooling projects and increasing popularity in industrial sector especially petrochemical industry are expected to spur growth of the market over the forecast period. Also, since absorption chillers are environment friendly as compared to conventional vapor compressors owing to lesser emissions of pollutants and toxic gases, stringent government regulations on the use of absorption chillers is another key factor fueling the growth of the market. However, high initial costs required for the installation of absorption chillers is a key challenge pertaining in the world absorption chillers market. Furthermore, escalating electricity costs along with electricity shortages are some major factors hindering the growth of the market.
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ABSORPTION CHILLERS MARKET SEGMENTS:
By Type of Refrigerant
- Ammonia
- Lithium Bromide
By Source of Energy
- Gas Fired
- Steam Heated
- Direct Fired
- Hot Water Heated
By Application
- Food Storage
- Air Conditioning
By End-use Industry
- Domestic
- Commercial
- Industrial
By Geography
- North America
- Europe
- Asia-Pacific
- LAMEA
Absorption Chillers Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2022