Absorption Chillers: Market Research Report

Date: January 8, 2016
Pages: 190
Price:
US$ 4,950.00
Publisher: Global Industry Analysts, Inc
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: A3EF03307B2EN
Leaflet:

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Absorption Chillers: Market Research Report
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 2014 through 2022. 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 35 companies including many key and niche players such as -
  • Broad Air Conditioning Co., Ltd.
  • Carrier Corporation
  • Century Corporation
  • CNIM Group
  • Colibri-bv
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

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

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW

Absorption Chillers: Reducing Energy Demand by Recovering, Recycling, and Re-using Waste Energy
The Urgent Need to Replace Compressor-Based Cooling Systems Drive Widespread Adoption
Absorption Chillers Superiority over Traditional Compression Chillers
Low Consumption of Electricity
Effective Utilization of Waste Heat
Environment Friendly
No Risk of Explosion
Minimizes Installation Area
Low Running Costs
Low Driving Temperatures
Crystallization Risk Absent in Water/Ammonia Chillers
Low Vibration and Noise
Absence of Rotating Parts
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 2014-2022: Asia-Pacific, Rest of World, US, Japan, Europe, Latin America, and Canada (includes corresponding Graph/Chart)

Recovering Economic Fundamentals Presents Optimistic Outlook for Absorption Chillers
Current Economic Scenario
Despite Slowdown in Economic Growth, China Continues to Dominate Global Sales of Absorption Chillers

Table 2. Global Manufacturing Output by Region (1990 & 2013): Percentage Breakdown for China, Europe, North America, Rest of Asia, and Rest of World (includes corresponding Graph/Chart)

Future Outlook

Table 3. Real GDP Growth Rates (%) in Major World Economies: 2014-2017E (includes corresponding Graph/Chart)

Competitive Landscape

Table 4. Leading Solar Driven Absorption Chiller Companies Worldwide (2015E): Percentage Share Breakdown of Value Sales for Broad, EAW, Thermax, Yazaki, and Others (includes corresponding Graph/Chart)

Highly Competitive Nature of the Market Drives Product Innovation

2. MARKET TRENDS, ISSUES & DRIVERS

Rising Demand from Various End-use Applications Drive Healthy Market Growth for Absorption Chillers
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

Biogas
Breweries
Coal Bed Methane
Combined Heating & Power (CHP)
District Energy
Geothermal
Incinerator
Landfill Gas
Palm Oil Production
Petroleum & Chemical
Printing
Pulp Mill
Solar
Absorption Chiller Innovations & Advancements: Spearheading Growth
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 Market Gain Momentum
Growing Adoption of Trigeneration and Quattrogeneration Technologies Benefit Market Expansion
Lithium Bromide Absorption Chillers: Preferred Cooling Solution for Trigeneration Systems
Surging Consumption of Electricity for Cooling Purposes Drives Demand for the Energy-Efficient Absorption Chillers

Table 6. Global CO2 Emissions by Geographic Region/Country (2013): Percentage Breakdown of Volume Emissions for OECD, China, Asia (excludes China), Non-OECD Europe and Eurasia, Middle East, Non-OECD Americas, Africa, and Others (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 (2013): 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
Spiraling Energy Consumption Propels Demand for Absorption Chillers

Table 8. Projected Global Demand for Primary Energy (Mtoe) and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035 (includes corresponding Graph/Chart)
Table 9. Global Energy Consumption by Sector (2013) (includes corresponding Graph/Chart)

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

Table 10. World Urban Population in Thousands: 1950-2050P (includes corresponding Graph/Chart)
Table 11. Degree of Urbanization Worldwide (1990, 2014 & 2050): Urban Population as a Proportion (%) of Total Population by Geographic Region (includes corresponding Graph/Chart)

Burgeoning Global Data Centers Offer Significant Growth Potential
Positive Outlook for the Global Construction Industry Benefits Market Prospects

Table 12. Global Construction Market by Region (2015 & 2020P): Percentage Breakdown of Construction Spending for Asia, Western Europe, North America, Latin America, Eastern Europe, Africa, and Middle East (includes corresponding Graph/Chart)
Table 13. Growth in the Global Construction Market by Sector (2013-2020) (includes corresponding Graph/Chart)
Table 14. Projected World Infrastructure Spending by Select Regions (2010-2030)

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

3. 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 15. Types of Absorption Chillers by Cooling Capacity (kW)
Table 16. Price Range of Absorption Chillers (in Dollars) by CHP Size

4. COMPETING TECHNOLOGIES

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

5. RECENT INDUSTRY ACTIVITY

Enrgistx Inks Distribution Agreement with Shuangliang Eco-Energy
Capstone Turbine Inks Strategic Partnership with MultiChill
Thermax to Establish New Manufacturing Plant
dpac UK Signs Distribution Agreement with Shuangliang
Klima-Therm Inks Two Distribution Agreements with Major Global Manufacturers
Petrofac Awards Contract to CNIM
Johnson Controls Inks Joint Venture Agreement with Hitachi
Bry-Air (Asia) Launches Green Adsorption Chiller
Kawasaki Unveils New Absorption Chiller-heater
Shuangliang Launches High Reliability & Efficiency Absorption Chiller
Panasonic Launches New Absorption Chiller with Solar Heat
GK JAC Begins Century Absorption Chillers Distribution in Russia
CNIM Acquires Absorption Chiller & Heat Pump Business of INVEN Absorption
Toho Gas and Hitachi Appliances Jointly Develop Hot Water Absorption Chiller
Thermax Supplies & Installs Vapor Absorption Chillers in the US and Europe

6. FOCUS ON SELECT GLOBAL PLAYERS

Broad Air Conditioning Co. , Ltd. (China)
Carrier Corporation (US)
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 (US)
LG Electronics (Korea)
McQuay International (China)
Simons Green Energy (Australia)
Shuangliang Eco-Energy Systems Co. , Ltd. (China)
Robur Group (Italy)
Thermax Inc. (US)
Trane Inc. (US)
Worldenergy Absorption Chillers Europe Ltd. (Korea)
Yazaki Energy Systems Inc. (US)

7. GLOBAL MARKET PERSPECTIVE

Table 17. 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 2014 through 2022 (includes corresponding Graph/Chart)
Table 18. World 7-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 and 2022 (includes corresponding Graph/Chart)

III. MARKET

1. THE UNITED STATES

A. Market Analysis
Despite Sluggish Economic Recovery, Healthy Growth Projected for the US Market
Growth Driving Factors
Growth Restraining Factors
Growing Consumer Awareness Drive Demand for the Energy Efficient Absorption Chillers
Lower Operational Costs and Better Power Reliability Spur Demand in Data Centers
Curbing Escalating Energy Consumption: A Major Growth Factor
As per USGBC, buildings in the US account for the following percentage proportion of:
Modular Micro-Channel Absorption Chillers Offer Potential Energy Savings
Lithium Bromide Based Absorption Chillers Find Increasing Demand

Table 19. US Chillers Market by Segment (2015E) - Percentage Share Breakdown of Demand for Absorption Chillers, Centrifugal Chillers, and Positive Displacement (includes corresponding Graph/Chart)

Commercial HVACR Expensing Legislation to Boost HVAC Installations
Steady Recovery in Construction Activity Benefits Market Expansion

Table 20. Residential Construction in the US (2007-2017P): Number of Housing Starts by Type - Single-Family Units and Multi-Family Units (in ‘000) (includes corresponding Graph/Chart)
Table 21. Projected Growth (%) of the US Construction Market over the Period 2012-2020 by Sector (includes corresponding Graph/Chart)

An Overview of Green Building Sector in the US
Green Building Programs – A Potential Growth Driver
The California Green Building Standards Code
The San Francisco Green Building Code
List of Green Building Codes/Projects in the US in Select States
Strategic Corporate Developments
Select Key Players
B. Market Analytics

Table 22. US Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

2. CANADA

Market Analysis

Table 23. Canadian Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

3. JAPAN

A. Market Analysis
Japan: A Pioneer in the Absorption Chiller Technology

Table 24. Japanese Chiller Market by Segment (2015E) - Percentage Share Breakdown of Unit Sales for Absorption Chillers, Centrifugal Chillers, and Positive Displacement (includes corresponding Graph/Chart)

Government Initiatives Benefit Market Growth
The 2011 Earthquake: Positive Implications for Absorption Chillers
Strategic Corporate Developments
Select Key Players
B. Market Analytics

Table 25. Japanese Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

4. EUROPE

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

Table 26. EU Solar Cooling Market by Country (2013); Percentage Share Breakdown of Installations for Austria, France, Germany, Greece, Italy, Portugal, Spain, and Other EU Countries (includes corresponding Graph/Chart)

Need to Reduce Energy Consumption Offers Opportunities

Table 27. Energy Consumption in Europe (2014E): Percentage Share Breakdown of Energy Demand by Sector - Buildings, Industrial and Transportation (includes corresponding Graph/Chart)
Table 28. Green Building Technology Patents in Europe (2000 to Date): Percentage Share Breakdown of Patents by Patent Type (includes corresponding Graph/Chart)

B. Market Analytics

Table 29. European Recent Past, Current & Future Analysis for Absorption Chillers by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)
Table 30. European 7-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 & 2022 (includes corresponding Graph/Chart)

4A. FRANCE

A. Market Analysis
Competition

Table 31. Leading Players in the French Solar Cooling Market (2014): Percentage Share Breakdown by Number of Installations for Yazaki and Others (includes corresponding Graph/Chart)

Strategic Corporate Developments
CNIM Group – A Major France-Based Company
B. Market Analytics

Table 32. French Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

4B. GERMANY

A. Market Analysis

Table 33. German Solar Driven Chillers Market by Type (2015E): Percentage Share of Unit Installations for Absorption, Adsorption, DEC Systems, and LDAC Systems (includes corresponding Graph/Chart)

Select Key Players
B. Market Analytics

Table 34. Germany Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

4C. ITALY

A. Market Analysis
Robur Group – A Major Italy-Based Company
B. Market Analytics

Table 35. Italian Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

4D. THE UNITED KINGDOM

A. Market Analysis
Steady Growth Projected for the UK Absorption Chillers Market
Strategic Corporate Developments
B. Market Analytics

Table 36. UK Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

4E. SPAIN

Market Analysis

Table 37. Spanish Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

4F. RUSSIA

A. Market Analysis
Strategic Corporate Development
B. Market Analytics

Table 38. Russian Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

4G. REST OF EUROPE

A. Market Analysis
Colibri-bv – A Major Netherlands-Based Company
B. Market Analytics

Table 39. Rest of European Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

5. ASIA-PACIFIC

A. Market Analysis
Asia-Pacific: The Largest and the Fastest Growing Market Worldwide

Table 40. Global Absorption Chillers Market - Geographic Regions Ranked by CAGR (Value) for 2014-2022: Asia-Pacific, Rest of World, US, Japan, Europe, Latin America, and Canada (includes corresponding Graph/Chart)

List of Green Building Rating Systems in Select Asia-Pacific Countries
Growing Prominence of Cogeneration in Addressing Power Sector Inefficiencies Drive Market Adoption
Commercial and Industrial Cogeneration Adoption Set to Increase
Upward Momentum in Construction Activity to Drive Growth

Table 41. Global Construction Market by Region (2015E & 2020P): Percentage Breakdown of Construction Spending for Asia, Western Europe, North America, Latin America, Eastern Europe, Africa, and Middle East (includes corresponding Graph/Chart)
Table 42. Projected Growth in the Asian Construction Market by Region and Sector (2014-2020) (includes corresponding Graph/Chart)
Table 43. Asian Construction Market (2015): Percentage Breakdown of Spend by Sector (includes corresponding Graph/Chart)

B. Market Analytics

Table 44. 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 2014 through 2022 (includes corresponding Graph/Chart)
Table 45. Asia-Pacific 7-year Perspective of Absorption Chillers by Geographic Region - Percentage Breakdown of Dollar Sales for China, India, South Korea and Rest of Asia-Pacific Markets for Years 2016 & 2022 (includes corresponding Graph/Chart)

5A. CHINA

A. Market Analysis
Chinese Absorption Chillers Market Offers Significant Growth Opportunities

Table 46. Chillers Market in China by Category (2015E): Percentage Share Breakdown of Value Sales for Absorption Chillers, Centrifugal Chillers, Screw Chillers, and Scroll/Reciprocating Chillers (includes corresponding Graph/Chart)

Strategic Corporate Development
Select Key Players
B. Market Analytics

Table 47. Chinese Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

5B. INDIA

A. Market Analysis
India: Market with Huge Untapped Potential

Table 48. Select Absorption Chiller Installations in India: 2003-2013
Table 49. Percentage Load Demand for Heating & Cooling in Select Industries in India

Industrial Sector Drives Strong Demand for Absorption Chillers
Competitive Landscape

Table 50. Leading Players in the Indian Absorption Chillers Market (2015E): Percentage Share Breakdown of Value Sales for Thermax, Voltas, and Others (includes corresponding Graph/Chart)

Strategic Corporate Developments
B. Market Analytics

Table 51. Indian Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

5C. SOUTH KOREA

A. Market Analysis
Electricity Shortage Create Healthy Demand for Absorption Chillers

Table 52. Korean Chiller Market by Type (2015E) - Percentage Share Breakdown of Unit Sales for Absorption Chillers, Centrifugal Chillers, and Positive Displacement (includes corresponding Graph/Chart)

Select Key Players
B. Market Analytics

Table 53. South Korean Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

5D. REST OF ASIA-PACIFIC

A. Market Analysis
Brief Overview of Select Markets
Australia
Thailand
Pakistan
Strategic Corporate Development
Simons Green Energy (Australia) – A Major Australia-Based Company
B. Market Analytics

Table 54. Rest of Asia-Pacific Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

6. LATIN AMERICA

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

Table 55. Latin American Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

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
B. Market Analytics

Table 56. Rest of World Recent Past, Current & Future Analysis for Absorption Chillers Analyzed with Annual Sales Figures in US$ Thousand for Years 2014 through 2022 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 35 (including Divisions/Subsidiaries - 42)
The United States (12)
Japan (6)
Europe (8)
  France (1)
  Germany (3)
  The United Kingdom (2)
  Italy (1)
  Rest of Europe (1)
Asia-Pacific (Excluding Japan) (16)
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