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Absorption chillers market overviews and complete forecast report
1. Absorption Chillers Market Overviews and Complete Forecast
Report
Report Description
Absorption chillers are thermally-driven chillers, which use a
liquid refrigerant or sorbent solution and a heat source to
provide cooling to buildings. These chillers use less energy
2. than conventional equipment such as electrical chillers, but
also cool buildings and industrial equipment without the use
of ozone-depleting chlorofluorocarbons (CFCs). Commercially
available absorption chiller systems are classified as single-
stage and two-stage systems.
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Single-stage systems employ a single condenser and
generator. The thermal efficiency of single-stage absorption
chillers is low, which hampers their cost competitiveness with
conventional electrical chillers. Single-stage absorption
chillers have Coefficient of Performance (COP) of around 0.6–
3. 0.8 out of an ideal 1. Double-stage absorption chillers differ
from single-stage ones in that there are two condensers and
two generators to allow more refrigerants to boil-off from the
absorbent solution.
By application, food & beverage sub-segment in the industrial
application segment is expected to register a significant CAGR
during the forecast period. Moreover, food & beverage sub-
segment is expected to be them most lucrative end-use
industry segment in global absorption chillers market owing
to increasing demand for CHP (combined heat & power)
systems mainly due to reduction in annual energy cost of
operation. Recycling waste energy, hot water & steam and
reusing it as a secondary source to create chilled water for
4. comfort conditioning or process cooling leading to reduction
in electricity consumption minimizing the environmental
impact of power generation is primarily increasing the
adoption of absorption chillers.
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By technology, global absorption chillers market is segmented
into single-stage and double-stage. Revenue for the single-
stage segment is expected to grow primarily due to increase
in demand for waste heat recovery systems in order to reduce
overall energy costs. However, single-stage segment is
expected to witness sluggish growth due to lower COP and
5. enhancements & advancements in absorption chillers such as
triple-stage systems.
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On the basis of geography, the global absorption chillers
market is segmented into North America, Latin America,
Europe, Asia Pacific (APAC), and Middle East and Africa
(MEA). MEA is expected to register a significant CAGR over
the forecast period particularly due to increase in number of
district cooling systems. According to International District
Energy Association, the Middle East as a whole installed 75.5
million square feet of district cooling capacity in 2014. As
6. per estimation, the region’s consumption demand for district
cooling applications is projected to grow by over 16% in the
approaching five years.
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