The worldwide absorption chillers market is anticipated to be worth US$ 1,532.7 million in 2022, rising to US$ 2,376.8 million by 2032. During the projected period of 2022 to 2032, the market is estimated to grow at a CAGR of 4.5%.
| Data Points | Key Statistics |
|---|---|
| Absorption Chillers Market Value 2022 | US$ 1,532.7 million |
| Absorption Chillers Market Projected Value (2032) | US$ 2,376.8 million |
| Absorption Chillers Market CAGR (2022 to 2032) | 4.5% |
A chiller, also known as an absorption chiller, is a thermally driven refrigeration system that uses a sorbent solution or a liquid refrigerant and a heat source to deliver cooling to buildings. These absorption chillers use less energy than traditional absorption chillers such as electronic absorption chillers and industrial equipment, and they cool buildings without using ozone-depleting chlorofluorocarbons (CFCs).
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The global demand for absorption chillers is projected to increase at a CAGR of 4.5% during the forecast period between 2022 and 2032, reaching a total of US$ 2,376.8 million in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 3%.
Absorption chillers use thermal energy to pump with the least amount of mechanical energy, and they can be powered by steam, hot water, natural gas, or wastewater. There are two types of commercial absorption chillers: single-stage and double-stage systems. A one-stage system employs a single condenser and generator.
Because of the rising popularity of these low-cost cooling solutions, the worldwide absorption chillers market is currently developing. Various characteristics such as inaudible and vibration-free operation, as well as low maintenance and operational costs, are important market drivers for absorption chillers.
Furthermore, increased popularity in the industrial sector, notably the petrochemical industry, is expected to boost market development throughout the projection period. Furthermore, because absorption chillers are more ecologically friendly than traditional vapor compressors due to fewer pollutant and hazardous gas emissions, rigorous government regulation on the use of absorption chillers is another key driver driving the market growth.
However, higher initial chiller installation costs are a fundamental constraint in the worldwide absorption chillers sector. Furthermore, rising electricity rates and power shortages are two major impediments to industry development.
Increasing Demand for Non-Electricity-Driven Equipment to Accelerate the Market Growth
Non-electricity-driven equipment is increasingly in demand from a range of end-use sectors where primary sources might be utilized more efficiently. As a result, solar-powered absorption chillers for large chilling operations have gained significant interest in the market. Such absorption chillers provide optimum cooling efficiency while minimizing electrical energy consumption, hence lessening the summer's ever-increasing demand for power. This, in turn, is expected to fuel market growth in the approaching years.
A CLFR solar collector field, for example, has been built to power a 1MW chiller that will supply air conditioning for a 500-seat showcase football stadium in Doha, Qatar, for the Football World Cup 2022.
An air conditioning device is required to ensure that turbines and engines run effectively. The ideal temperature for turbine efficiency is around 1500°C. However, maintaining this temperature becomes problematic, especially in the Asia Pacific and the Middle East, where average temperatures reach 2500 degrees Celsius.
As a result, absorption chillers are commonly employed to avoid heat loss from turbines, which may then be effectively used as power absorption chillers at low fuel costs. As a result, the growing number of turbines with efficient heat rate needs is expected to drive market expansion in the near future.
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High Initial Cost of Industrial Absorption Chillers to Impede the Market Growth
Industrial absorption chillers are far more costly than standard chiller systems. When calculating the running cost of an industrial absorption chillers system, building operators should include the initial setup cost, operational cost, and energy savings. For equivalent capacity installations, industrial absorption chillers have a higher initial setup cost than commercial absorption chillers.
Furthermore, while establishing chiller systems, operators fail to consider operational expenses, resulting in the acquisition of less expensive HVAC systems. This is why small-scale firms seek cost-effective solutions with low initial setup costs. Furthermore, the long-term benefits of industrial absorption chillers are not sufficiently communicated to industries, suppressing absorption chiller demand and restricting market expansion.
Fluorinated gas (F-gas) laws are one of the most significant challenges facing the chiller industry, impacting the use of absorption chillers as evaporator coils and condensers. The European Union (EU) suggested major changes to F-gas regulations in order to reduce hydrofluorocarbon emissions (HFCs).
The use of hydrofluorocarbons (HFCs) is forbidden in a number of applications. Only if the systems in issue fulfill the Ecodesign requirements are HFC refrigerants authorized. Similar changes are taking place in the USA (Significant New Alternative Policy) and China. Such stringent requirements for reducing F-gas emissions pose a substantial barrier to the growth of the absorption chillers industry.
Region's Increasing Usage of Absorption Chillers for the Food Processing and Petroleum Sectors to Fuel the Market Growth
In terms of market share and revenue, the North American market is predicted to grow steadily between 2022 and 2032. Future Market Insights researchers project that by 2022, the market for absorption chillers in North America will account for 23.4% of the global market.
North America is a very profitable location for absorption chillers due to the huge increase in the usage of absorption chillers for the food processing and petroleum sectors. Furthermore, the region's need for absorption chillers is growing as a result of the rising usage of environmentally friendly cooling equipment in a variety of end-use sectors such as plastics, rubber, chemicals & petrochemicals, and medical & pharmaceutical.
Because of the production of various gases during the cooling process, governments are stressing energy saving and environmental preservation. As a result, absorption chillers are increasingly being used since they release very little CO2 and other harmful pollutants. Absorption chillers' energy efficiency and a higher degree of cooling with less environmental effect are expanding the market for absorption chillers.
Steady Demand from the Frozen Food Industry to Fuel the Market Growth
By 2022, Europe will control around 17.9% of the worldwide market. During the forecast period of 2022 to 2032, this region is predicted to steadily increase the global absorption chillers market.
The development of the European absorption chillers market is likely to be driven by steady demand from the frozen food industry. Product demand in Europe's food and beverage industry contributed to more than 21% of the region's industrial sector income, owing to customers' increased concern for eco-friendly goods.
The government's objective of reaching carbon neutrality by 2050 is also driving demand for the European absorption chillers market throughout the forecast period. Furthermore, increased demand in Southern Europe for small and medium-power chillers units is likely to drive regional product demand.
Expanding the Number of Data Centres in the Region to Accelerate Market
Asia Pacific is expected to dominate the market and accounts for 44% of global revenue in 2022 as a result of investments in the residential and commercial building sectors. The region's expanding number of data centers is likely to drive the chillers market growth during the forecast period.
The fast growth of transportation infrastructure in the Kingdom of Saudi Arabia (KSA) is projected to spur residential and commercial development in the surrounding areas, raising product demand throughout the projection period. Increased tourism, population growth, and fast urbanization are driving the construction sector, which in turn is propelling the growth of the country's absorption chillers market.
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The Commercial Absorption Chillers Segment to Drive the Absorption Chillers Market
Commercial absorption chillers are estimated to provide 44.6% of worldwide sales in 2022. Absorption chillers are used to maintain the temperature steady in commercial buildings such as corporate offices, educational institutions, public buildings, data centres, healthcare facilities, and warehouses during hot weather.
Absorption chillers are used in data centres to cool the heat generated in high-density enclosed rooms. The demand to keep data centres at a consistent temperature, humidity, air purity, and air circulation to reduce downtime and equipment failure is expected to drive commercial product adoption throughout the projection period.
Thermax Ltd, Helioclim, MultiChill Technologies Inc, Kirloskar Pneumatic Company Ltd, World Energy Absorption, Absorption chillers Europe Ltd, Johnson Controls, Inc., LG Air Conditioning (Shandong) Co., Ltd., Hitachi Appliances Inc., EAW, Energieanlagenbau GmbH, Carrier Corporation, Century Corporation, Yazaki Energy Systems Inc. are key players in this market.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.5% from 2022 to 2032 |
| Market Value in 2022 | US$ 1,532.7 million |
| Market Value in 2032 | US$ 2,376.8 million |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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By 2022 end, sales of absorption chillers closed at a value of US$ 1,532.7 million
From 2017 to 2021, absorption chillers demand expanded at a CAGR of 3%
From 2022 to 2032, absorption chillers sales are expected to flourish at a CAGR of 4.5%
By 2032, the market value of absorption chillers is expected to reach US$ 2,376.8 million
By end users, commercial absorption chillers are expected to dominate the market in 2022.
1. Executive Summary | Absorption Chillers Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2016 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Source of Energy 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Source of Energy, 2016 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Source of Energy, 2022 to 2032 5.3.1. Direct Fired 5.3.2. Steam Heated 5.3.3. Hot-Water Heated 5.3.4. Gaseous Fuels 5.4. Y-o-Y Growth Trend Analysis By Source of Energy, 2016 to 2021 5.5. Absolute $ Opportunity Analysis By Source of Energy, 2022 to 2032 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Refrigerant 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Refrigerant, 2016 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Refrigerant, 2022 to 2032 6.3.1. Ammonia 6.3.2. Lithium Bromide (Brine) 6.4. Y-o-Y Growth Trend Analysis By Refrigerant, 2016 to 2021 6.5. Absolute $ Opportunity Analysis By Refrigerant, 2022 to 2032 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Packaging of Chillers 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Packaging of Chillers, 2016 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Packaging of Chillers, 2022 to 2032 7.3.1. Modular Chillers 7.3.2. Packaged Chillers 7.4. Y-o-Y Growth Trend Analysis By Packaging of Chillers, 2016 to 2021 7.5. Absolute $ Opportunity Analysis By Packaging of Chillers, 2022 to 2032 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Applications 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Applications, 2016 to 2021 8.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Applications, 2022 to 2032 8.3.1. Food Storage 8.3.2. Air Conditioning 8.4. Y-o-Y Growth Trend Analysis By Applications, 2016 to 2021 8.5. Absolute $ Opportunity Analysis By Applications, 2022 to 2032 9. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By End Use 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By End Use, 2016 to 2021 9.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By End Use, 2022 to 2032 9.3.1. Industrial 9.3.2. Commercial 9.3.3. Residential 9.4. Y-o-Y Growth Trend Analysis By End Use, 2016 to 2021 9.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032 10. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2016 to 2021 10.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2022 to 2032 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. Asia Pacific 10.3.5. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2016 to 2021 11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. USA 11.2.1.2. Canada 11.2.2. By Source of Energy 11.2.3. By Refrigerant 11.2.4. By Packaging of Chillers 11.2.5. By Applications 11.2.6. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Source of Energy 11.3.3. By Refrigerant 11.3.4. By Packaging of Chillers 11.3.5. By Applications 11.3.6. By End Use 11.4. Key Takeaways 12. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2016 to 2021 12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. Brazil 12.2.1.2. Mexico 12.2.1.3. Rest of Latin America 12.2.2. By Source of Energy 12.2.3. By Refrigerant 12.2.4. By Packaging of Chillers 12.2.5. By Applications 12.2.6. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Source of Energy 12.3.3. By Refrigerant 12.3.4. By Packaging of Chillers 12.3.5. By Applications 12.3.6. By End Use 12.4. Key Takeaways 13. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2016 to 2021 13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. Germany 13.2.1.2. United Kingdom 13.2.1.3. France 13.2.1.4. Spain 13.2.1.5. Italy 13.2.1.6. Rest of Europe 13.2.2. By Source of Energy 13.2.3. By Refrigerant 13.2.4. By Packaging of Chillers 13.2.5. By Applications 13.2.6. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Source of Energy 13.3.3. By Refrigerant 13.3.4. By Packaging of Chillers 13.3.5. By Applications 13.3.6. By End Use 13.4. Key Takeaways 14. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2016 to 2021 14.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.1.4. Malaysia 14.2.1.5. Singapore 14.2.1.6. Australia 14.2.1.7. New Zealand 14.2.1.8. Rest of Asia Pacific 14.2.2. By Source of Energy 14.2.3. By Refrigerant 14.2.4. By Packaging of Chillers 14.2.5. By Applications 14.2.6. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Source of Energy 14.3.3. By Refrigerant 14.3.4. By Packaging of Chillers 14.3.5. By Applications 14.3.6. By End Use 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2016 to 2021 15.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2022 to 2032 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of Middle East and Africa 15.2.2. By Source of Energy 15.2.3. By Refrigerant 15.2.4. By Packaging of Chillers 15.2.5. By Applications 15.2.6. By End Use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Source of Energy 15.3.3. By Refrigerant 15.3.4. By Packaging of Chillers 15.3.5. By Applications 15.3.6. By End Use 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2021 16.1.2.1. By Source of Energy 16.1.2.2. By Refrigerant 16.1.2.3. By Packaging of Chillers 16.1.2.4. By Applications 16.1.2.5. By End Use 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2021 16.2.2.1. By Source of Energy 16.2.2.2. By Refrigerant 16.2.2.3. By Packaging of Chillers 16.2.2.4. By Applications 16.2.2.5. By End Use 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2021 16.3.2.1. By Source of Energy 16.3.2.2. By Refrigerant 16.3.2.3. By Packaging of Chillers 16.3.2.4. By Applications 16.3.2.5. By End Use 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2021 16.4.2.1. By Source of Energy 16.4.2.2. By Refrigerant 16.4.2.3. By Packaging of Chillers 16.4.2.4. By Applications 16.4.2.5. By End Use 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2021 16.5.2.1. By Source of Energy 16.5.2.2. By Refrigerant 16.5.2.3. By Packaging of Chillers 16.5.2.4. By Applications 16.5.2.5. By End Use 16.6. United Kingdom 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2021 16.6.2.1. By Source of Energy 16.6.2.2. By Refrigerant 16.6.2.3. By Packaging of Chillers 16.6.2.4. By Applications 16.6.2.5. By End Use 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2021 16.7.2.1. By Source of Energy 16.7.2.2. By Refrigerant 16.7.2.3. By Packaging of Chillers 16.7.2.4. By Applications 16.7.2.5. By End Use 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2021 16.8.2.1. By Source of Energy 16.8.2.2. By Refrigerant 16.8.2.3. By Packaging of Chillers 16.8.2.4. By Applications 16.8.2.5. By End Use 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2021 16.9.2.1. By Source of Energy 16.9.2.2. By Refrigerant 16.9.2.3. By Packaging of Chillers 16.9.2.4. By Applications 16.9.2.5. By End Use 16.10. China 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2021 16.10.2.1. By Source of Energy 16.10.2.2. By Refrigerant 16.10.2.3. By Packaging of Chillers 16.10.2.4. By Applications 16.10.2.5. By End Use 16.11. Japan 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2021 16.11.2.1. By Source of Energy 16.11.2.2. By Refrigerant 16.11.2.3. By Packaging of Chillers 16.11.2.4. By Applications 16.11.2.5. By End Use 16.12. South Korea 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2021 16.12.2.1. By Source of Energy 16.12.2.2. By Refrigerant 16.12.2.3. By Packaging of Chillers 16.12.2.4. By Applications 16.12.2.5. By End Use 16.13. Malaysia 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2021 16.13.2.1. By Source of Energy 16.13.2.2. By Refrigerant 16.13.2.3. By Packaging of Chillers 16.13.2.4. By Applications 16.13.2.5. By End Use 16.14. Singapore 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2021 16.14.2.1. By Source of Energy 16.14.2.2. By Refrigerant 16.14.2.3. By Packaging of Chillers 16.14.2.4. By Applications 16.14.2.5. By End Use 16.15. Australia 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2021 16.15.2.1. By Source of Energy 16.15.2.2. By Refrigerant 16.15.2.3. By Packaging of Chillers 16.15.2.4. By Applications 16.15.2.5. By End Use 16.16. New Zealand 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2021 16.16.2.1. By Source of Energy 16.16.2.2. By Refrigerant 16.16.2.3. By Packaging of Chillers 16.16.2.4. By Applications 16.16.2.5. By End Use 16.17. GCC Countries 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2021 16.17.2.1. By Source of Energy 16.17.2.2. By Refrigerant 16.17.2.3. By Packaging of Chillers 16.17.2.4. By Applications 16.17.2.5. By End Use 16.18. South Africa 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2021 16.18.2.1. By Source of Energy 16.18.2.2. By Refrigerant 16.18.2.3. By Packaging of Chillers 16.18.2.4. By Applications 16.18.2.5. By End Use 16.19. Israel 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2021 16.19.2.1. By Source of Energy 16.19.2.2. By Refrigerant 16.19.2.3. By Packaging of Chillers 16.19.2.4. By Applications 16.19.2.5. By End Use 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Source of Energy 17.3.3. By Refrigerant 17.3.4. By Packaging of Chillers 17.3.5. By Applications 17.3.6. By End Use 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Thermax Ltd 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Helioclim 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. MultiChill Technologies Inc. 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Kirloskar Pneumatic Company Ltd 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. World Energy Europe Ltd 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. LG Air Conditioning (Shandong) Co., Ltd. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Hitachi Appliances Inc. 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. EAW Energieanlagenbau GmbH 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Carrier Corporation 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Century Corporation 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 18.1.11. Yazaki Energy Systems Inc. 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.11.5.2. Product Strategy 18.1.11.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Absorption Chillers Market
