Absorption Chillers: Market Research Report

September 2018 | 158 pages | ID: A3EF03307B2EN
Global Industry Analysts, Inc

Abstracts

This report analyzes the worldwide markets for Absorption Chillers in US$ Thousand.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Market data and analytics are derived from primary and secondary research.

Company profiles are primarily based on public domain information including company URLs.

The report profiles 29 companies including many key and niche players such as -

• Broad Air Conditioning Co., Ltd.
• Carrier Corporation
• Century Corporation
• CNIM Group
• Colibri-bv
• EAW Energieanlagenbau GmbH

Contents

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

2. INDUSTRY OVERVIEW

Absorption Chillers: Providing Eco-friendly and Useful Cooling through Re-use of Low Temperature Waste Energy
The Urgent Need to Replace Compressor-Based Cooling Systems Drive Widespread Adoption
Absorption Chillers Superiority over Traditional Compression Chillers
Market Fortunes Intrinsically Tied to the Overall Chillers Market Dynamics
Global Market Outlook
Asia-Pacific Continues to Dominate the Global Market, Also Offers Significant Growth Opportunities

Table 1. Global Absorption Chillers Market - Geographic Regions Ranked by CAGR (Value) for 2016-2024: Asia-Pacific, Rest of World, USA, Europe, Latin America, Japan, and Canada (includes corresponding Graph/Chart)

Continued Recovery in Global GDP & Manufacturing PMI Signals Optimistic Outlook

Table 2. World Real GDP Growth Rates (%) by Country/Region for the Years 2014 to 2019 (includes corresponding Graph/Chart)

Table 3. Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2010 through 1H2018 (includes corresponding Graph/Chart)

Despite Slowdown in Economic Growth, China Continues to Dominate Global Sales of Absorption Chillers

Table 4. Global Manufacturing Output by Region/ Country for the Years 1990, 2013, 2017 & 2025: Percentage Breakdown for China, Europe, North America, Rest of Asia, and Rest of World (includes corresponding Graph/Chart)

3. MARKET TRENDS, ISSUES & DRIVERS

Focus on Achieving Energy Efficiencies Make Absorption Chillers the Perfect Candidate for CHP/Cogeneration Systems
Lower Operational Costs and Better Power Reliability Spur Demand for Absorption Chiller Based CHP in Data Centers
Growth Drivers
Growth Restraints
Steady Demand from Various End-use Applications Drive Healthy Market Growth for Absorption Chillers
Sophisticated Technologies for Absorption Chillers Improve Maintainability, Efficiency, and Flexibility
Efficiency
Flexibility
Maintainability
Absorption Chillers Provide a ‘Green’ Strategy for Various Industries
Commercial Applications
Refrigeration Applications
Industrial Applications

Table 5. Cost and Performance of Single-Effect, Indirect-Fired Absorption Chillers

Growing Adoption of Trigeneration and Quattrogeneration Technologies Benefit Market Expansion
Lithium Bromide Absorption Chillers: Preferred Cooling Solution for Trigeneration Systems
Rise in Electricity Usage for Industrial, Commercial, and Residential Cooling Drives Demand for the Energy-Efficient Absorption Chillers

Table 6. Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2018E (includes corresponding Graph/Chart)

Environmental Concerns Drive Business Case for Absorption Chillers
Kyoto Protocol Implementation Augurs Well for Solar & Waste Heat Powered Chillers

Table 7. Global Solar Air Conditioners Market by Cooling Type (2018E): Percentage Breakdown of Usage for Absorption, Adsorption, DEC Liquid, and DEC Solid (includes corresponding Graph/Chart)

Indirect Fired Absorption Chillers: The Best Bet for Environmental Cause
Favorable Government Initiatives & Regulatory Measures Lends Traction to Market Adoption
Surging Energy Consumption Propels Demand for Absorption Chillers

Table 8. Global Energy Consumption (Billion Toe): Growth Trajectory for the Period 1995-2035 (includes corresponding Graph/Chart)

Table 9. Global Electricity Demand by Region/ Country (2016-2040): Breakdown of Demand (Thousand TWh) for Australia, Brazil, Canada, China, Europe, India, Japan, Middle East & North Africa, South East Asia, USA, and Rest of World (includes corresponding Graph/Chart)

Table 10. Global Delivered Energy Consumption (Billion Toe) by End-use Sector (2005, 2015, 2025, and 2035) (includes corresponding Graph/Chart)

Focus on Reducing Energy Costs Bodes Well for Absorption Chillers
Urbanization: A Mega Trend Spurring Demand for Cooling Solutions

Table 11. World Urban Population in Thousands: 1950-2050P (includes corresponding Graph/Chart)

Industry Promotional & Marketing Efforts Benefit the Market
Demonstration Projects: A Launch Pad for Absorption Chillers
Training and Marketing Initiatives to Foster Awareness Levels
Other initiatives
Key Concerns & Challenges Hampering Market Prospects for Absorption Chillers
Corrosion
Stiff Competition from Popular Chiller Categories
Robust Increase in Sales of Centrifugal Chillers
Lack of Awareness
High Cost
Less Efficient in Comparison with Mechanical Chillers
Low Thermal Efficiency of Single Effect Systems
Requirement of Higher Pump Energy
Necessitates Larger Cooling Tower
Risks Due to Air Leaks
Crystallization
High Costs of Manufacturing
Other Concerns

4. INNOVATIONS & ADVANCEMENTS

Two-Step E/A Technology Enhance Performance of Single Effect and Double Effect Absorption Chillers
Smart Chillers: A Key Enabler of Connected Buildings
Biomass-Powered Thermochiller
Small Size Ammonia Water Absorption Chillers with Higher COP
Water-Cooled Technology Lowers Operational Costs
Triple-Effect Absorption Chillers: An Upcoming Technology
Modular Micro-Channel Chillers Provide Significant Energy Savings
Compact Absorption Chillers

5. PRODUCT OVERVIEW

Thermally Driven Cooling Systems
Classification of Thermal/Heat Driven Cooling Technologies
Closed and Open Cycles
Definition of Absorption Chiller
Historic Review of the Absorption Technology
Types of Absorption Chillers
Direct Fired and Indirect Fired Absorption Chillers
Sources of Heat
Brief Overview of Solar Driven Absorption Cooling
Single-Effect Chillers
Single Effect Absorption Cycle
Double-Effect Chillers
Double Effect Absorption Cycle
LiBr/Water and Water/Ammonia Absorption Chillers
Comparison between LiBr/Water and Water/Ammonia Absorption Chillers
Parameters for Water/LiBr and Ammonia/ Water Absorption Chillers
Air-cooled and Water Cooled Chillers
Efficiency of Absorption Chillers
Technology behind Absorption Chillers
Working of an Absorption Chiller
Absorption Chillers by Cooling Capacity

Table 12. Types of Absorption Chillers by Cooling Capacity (kW)

Table 13. Price Range of Absorption Chillers (in Dollars) by CHP Size

6. COMPETING TECHNOLOGIES

Adsorption Chillers
Desiccant Cooling Systems
Comparison of Absorption Cooling Technology with Other Thermally Driven Technologies

7. COMPETITIVE LANDSCAPE

Highly Competitive Nature of the Market Drives Product Innovation
7.1 Focus on Select Global Players
Broad Air Conditioning Co., Ltd. (China)
Carrier Corporation (USA)
Century Corporation (Korea)
CNIM Group (France)
Colibri-bv (The Netherlands)
EAW Energieanlagenbau GmbH (Germany)
Ebara Refrigeration Equipment & Systems Co., Ltd. (Japan)
Hitachi Appliances, Inc. (Japan)
Johnson Controls International Plc (Ireland)
LG Electronics (Korea)
Shuangliang Eco-Energy Systems Co., Ltd. (China)
Robur S. p. A. (Italy)
Thermax Limited (India)
Thermax Inc. (USA)
Trane Inc. (USA)
Worldenergy Absorption Chillers Europe Ltd. (Ireland/Korea)
Yazaki Energy Systems Inc. (USA)

8. GLOBAL MARKET PERSPECTIVE

Table 14. World Recent Past, Current & Future Analysis for Absorption Chillers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 15. World 9-Year Perspective for Absorption Chillers by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2016, 2018 and 2024 (includes corresponding Graph/Chart)

9. REGIONAL MARKET PERSPECTIVE

9.1 The United States
A. Market Analysis
Growing Need for Cost-Effective and Eco-Friendly Energy Solutions Drive Positive Market Growth
Growth Driving Factors
Growth Restraining Factors
Lower Operational Costs and Better Power Reliability Spur Demand in Data Centers
Curbing Escalating Energy Consumption: A Major Growth Factor

Table 16. As per USGBC, buildings in the US account for the following percentage proportion of: (includes corresponding Graph/Chart)

Modular Micro-Channel Absorption Chillers Offer Potential Energy Savings
Lithium Bromide Based Absorption Chillers Find Increasing Demand
Commercial HVACR Expensing Legislation to Boost HVAC Installations
B. Market Analytics

Table 17. US Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

9.2 Canada
Market Analysis

Table 18. Canadian Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

9.3 Japan
A. Market Analysis
Japan: A Pioneer in the Absorption Chiller Technology
Government Initiatives Benefit Market Growth
The 2011 Earthquake: Positive Implications for Absorption Chillers
B. Market Analytics

Table 19. Japanese Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

9.4 Europe
A. Market Analysis
Stringent Carbon Savings and Emission Targets Sustain Market Growth in Europe
Growing Focus on Environmental Protection Offers Scope for Solar Powered Absorption Chillers
B. Market Analytics

Table 20. European Recent Past, Current & Future Analysis for Absorption Chillers by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 21. European 9-Year Perspective for Absorption Chillers by Geographic Region - Percentage Breakdown of Dollar Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2016, 2018 and 2024 (includes corresponding Graph/Chart)

  9.4.1 France
Market Analysis

Table 22. French Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.4.2 Germany
Market Analysis

Table 23. Germany Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.4.3 Italy
Market Analysis

Table 24. Italian Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.4.4 The United Kingdom
A. Market Analysis
Steady Growth Projected for the UK Absorption Chillers Market
B. Market Analytics

Table 25. UK Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.4.5 Spain
Market Analysis

Table 26. Spanish Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.4.6 Russia
Market Analysis

Table 27. Russian Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.4.7 Rest of Europe
Market Analysis

Table 28. Rest of European Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

9.5 Asia-Pacific
A. Market Analysis
Asia-Pacific: The Largest and the Fastest Growing Market Worldwide
Growing Prominence of Cogeneration in Addressing Power Sector Inefficiencies Drive Market Adoption
Commercial and Industrial Cogeneration Adoption Set to Increase
B. Market Analytics

Table 29. Asia-Pacific Recent Past, Current & Future Analysis for Absorption Chillers by Geographic Region - China, India, South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 30. Asia-Pacific 9-Year Perspective for Absorption Chillers by Geographic Region - Percentage Breakdown of Dollar Sales for China, India, South Korea and Rest of Asia-Pacific Markets for Years 2016, 2018 and 2024 (includes corresponding Graph/Chart)

  9.5.1 China
A. Market Analysis
Steady Rise in Industrialization Offers Lucrative Opportunities for the Chinese Absorption Chillers Market
B. Market Analytics

Table 31. Chinese Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.5.2 India
A. Market Analysis
India: Market with Huge Untapped Potential

Table 32. Select Absorption Chiller Installations in India: 2003-2013

Table 33. Percentage Load Demand for Heating & Cooling in Select Industries in India (includes corresponding Graph/Chart)

Industrial Sector Drives Strong Demand for Absorption Chillers
Competitive Landscape

Table 34. Leading Players in the Indian Absorption Chillers Market (2018E): Percentage Share Breakdown of Value Sales for Thermax, Voltas, and Others (includes corresponding Graph/Chart)

B. Market Analytics

Table 35. Indian Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.5.3 South Korea
A. Market Analysis
Electricity Shortage Create Healthy Demand for Absorption Chillers
B. Market Analytics

Table 36. South Korean Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

  9.5.4 Rest of Asia-Pacific
A. Market Analysis
Select Regional Markets
Australia
Thailand
Pakistan
B. Market Analytics

Table 37. Rest of Asia-Pacific Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

9.6 Latin America
A. Market Analysis
Latin America: A Nascent Market for Chillers
B. Market Analytics

Table 38. Latin American Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

9.7 Rest of World
A. Market Analysis
Solar Air Conditioning Gains Gradual Traction, Drive Demand for Absorption Chillers
Middle East: A Potential Laden Market
Saudi Arabia: Large Scale Projects Drive Demand for Medium-to-Large Chillers
Motor Driven, Vapor-Compression Chillers: A Substitution Threat for Absorption Chillers in GCC Countries?
B. Market Analytics

Table 39. Rest of World Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)

10. COMPANY PROFILES

Total Companies Profiled: 29 (including Divisions/Subsidiaries - 36)
The United States (10)
Japan (7)
Europe (8)
  France (1)
  Germany (2)
  The United Kingdom (2)
  Italy (1)
  Rest of Europe (2)
Asia-Pacific (Excluding Japan) (11)