Published March 1, 2018
An absorption refrigerator is a refrigerator that avails a heat source to contribute the energy required to boost the cooling process. Absorption refrigerators are often availed for food storage in recreational vehicles. The principle can also be used to air-condition buildings using the waste heat from a gas turbine or water heater. Using desolated heat from a gas turbine makes the turbine very efficient because it first produces electricity, then hot water, and finally, air-conditioning. Absorption chillers have proven to be optimal replacements for compressor chillers in places where power is unreliable, unavailable or costly, where waste heat is available, or where restrictions on noise deem compressor chillers useless.
Europe Absorption Chiller Market Segments Size & Growth:
Europe Absorption Chiller Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include raising awareness about energy-efficient products, lower operational & maintenance costs, increased consumption of frozen foods, and growth in commercial & industrial sectors. However, High set-up cost and low-efficiency rates, and competition from the centrifugal chiller industry are thereby hampering the market growth. Rapid Growth of Absorption Chillers in Commercial Sector & Data Centres provides a great opportunity for increasing the market share.
Europe Absorption Chiller Market Segments Share:
Europe Absorption Chiller Market is categorised into technology which comprises a single stage, and double stage. By absorber type, the market is segmented into lithium bromide and ammonia. By power source, the market is segmented into direct fired, indirect fired, water driven. By End-Users, the market is segmented into non-industrial, and industrial. Hospitals, large retail, offices, and theatres in the commercial sector need various types of chillers. Plastic, baking, food, pharmaceutical, and printing industries are the major industrial consumers that use chillers for various processes. Increase in some working women has led to increased adoption of frozen foods owing to time constraints and ease of cooking. This increasing trend towards frozen foods is facilitating the demand for chillers in the food processing industry.
By Geography, Europe is a highly profitable region for absorption chillers, owing to strong adoption from the region’s food processing and petroleum industries. UK and Germany are projected to be the most lucrative market for absorption chillers, with sales revenue in France expected to register CAGRs of 6.5% respectively over the forecast period. Absorption chillers consumption in the European region increased to a small extent yet witnessed a growth rate of 6.4% outperforming many countries in Europe.
Europe Absorption Chiller Market Trends:
Europe Absorption Chiller Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
Along with these companies, there were many other companies considered/cited in the report while analysing the Europe Absorption Chiller Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.4 SWOT Analysis
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1.1 Growth in Commercial & Industrial Sectors
4.1.2 Increased Consumption of Frozen Foods
4.1.3 lower operational & maintenance costs
4.1.4 Rising Awareness About Energy-Efficient Products
4.2.1 High Set-Up Cost and Low-Efficiency Rates
4.2.2 Competition from the Centrifugal Chiller Industry
4.3.1 Rapid Growth of Absorption Chillers in Commercial Sector & Data Centres
4.4.1 High risk of deterioration & damage to the entire unit in case of air leakage from the main panel
Chapter 5 Europe Absorption Chiller Market– By Technology
5.1 Single Stage
5.2 Double Stage
Chapter 6 Europe Absorption Chiller Market– By Absorber Type
6.1 Lithium Bromide
Chapter 7 Europe Absorption Chiller Market- By Power Source
7.1 Direct Fired
7.2 Indirect Fired
7.3 Water Driven
Chapter 8 Europe Absorption Chiller Market- By End-Users
8.2.2 Food & Beverages
8.2.4 Pulp & Paper
Chapter 9 Europe Absorption Chiller Market- By Geography
9.7 Rest of Europe
Chapter 10 Europe Absorption Chiller Market- Company Profiles
10.1 Samsung Group
10.2 Carrier Corporation
10.3 EAW Energieanlagenbau GmbH
10.4 Hyundai Climate Control Co., Ltd.
10.5 Robur Group
10.6 Trane Inc.
10.7 Yazaki Energy Systems Inc.
10.8 Johnson Controls
10.9 Kawasaki Thermal Engineering Co., Ltd.
10.10 Whirlpool Corporation
10.11 Thermax Inc.
10.12 Century Corporation
10.13 CNIM Group
10.14 Hitachi Appliances Inc.
10.15 LG Electronics
Chapter 11 Europe Absorption Chiller Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures