Scroll & Absorption Chillers Market - Global Industry Analysis

Scroll & Absorption Chillers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Heavy Industry Report Format : PDF Report Code: ZMR-672 Status : Upcoming

Description

Global Scroll & Absorption Chillers Market: Overview

In various air conditioning applications and cooling processes a mechanical equipment scroll and absorption, chillers are used. The energy in the commercial and industrial applications is used for ventilation, heating, and cooling of which the chillers consume half of the available energy. Thus, there came the requirement of energy-efficient chiller products owing to the growing awareness for the need of conserving energy. The absorption chillers help to perform better and ensure to control the high electricity costs. Industries such as printing, chemicals, and plastic are considering the use of scroll and absorption chillers to lower their electric energy use, maintenance cost and so on.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Scroll & Absorption Chillers Market: Segmentation

The global scroll and absorption market is segmented on the basis of the product, capacity, vertical and regions. Based on the product type, the scroll and absorption market is divided into two categories: scroll chillers and absorption chillers. On the basis of the capacity, the global market is segregated into greater than 100 KW, ranges between 101 KW to 300 KW and 301 KW to 700 KW and less than 701 KW. The different verticals where the scroll and absorption chillers used are commercial, industrial and others. The global market is further diversified into different regions such as Asia-Pacific, North America, Europe and Rest of the World.

Global Scroll & Absorption Chillers Market: Growth Factors

One of the major reasons that are driving the scroll and absorption chillers market is the growing awareness regarding the need for energy conservation, thus making initiatives to develop energy-efficient scroll and absorption chillers. The increasing electricity costs and shortfalls of electricity are the major factors that are driving the market. By using appropriate scroll and absorption chillers, approximately 12 to 15% of electricity can be reduced in commercial and residential complexes. The demand for scroll and absorption chillers was high in the hospital application owing to the growing pharmaceutical and medical industry and the initiatives taken by the government to improve their health sector. The usage of scroll chillers has increased in low capacity commercial verticals thus driving the demand of the market.

Global Scroll & Absorption Chillers Market: Regional Analysis

The Asia-Pacific region had the largest market share of the scroll and absorption chillers market. The Asia Pacific region has an increasing number of geothermal, nuclear and solar power plants, which is driving the demand of chillers in the market. Europe held the second position in the market and is expected to grow in the coming years. This growth is owing to the rising commercial and constructional industry.

Global Scroll & Absorption Chillers Market: Competitive Players

The major companies in the scroll and absorption market include Johnson Controls Inc., Trane, Inc., Broad Air Conditioning Co., Ltd., Yazaki Energy Systems, Inc., Hitachi Appliances, Inc., Robur Group, Daikin Industries, Ltd., Thermax, Ltd., Carrier Corporation, Century Corporation, Shuangliang Eco-Energy Systems Co., Ltd., MIDEA Group Co., Ltd.

Global Scroll & Absorption Chillers Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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