The Europe Absorption Chillers Market should witness market growth of 3.9% CAGR during the forecast period (2022-2028).
Absorption chillers are either ammonia-water or lithium bromide-water equipment. The system utilizes water as the refrigerant and bromide as the absorber. The ammonia-water system utilizes water as the ammonia and the absorber as the refrigerant. It is known as the single-effect cycle when the fluids are transferred through the refrigeration machine's four major components: the absorber, evaporator condenser, and generator.
Single-effect LiBr/ H2O absorption chillers use hot water or a low-pressure stem as the heat source. The water can evaporate and extract heat in the evaporator, as the system is under a vacuum. The thermal efficiency of a single-effect absorption system is low. Many new single-effect machines are installed in industries where waste heat is present in hefty amount. Single-effect chillers can be used to make chilled water for air conditioning and cooling process water and are present in capacities from 100 to 1,500 tonnes of refrigeration (TR).
Germany’s chemical industry comes number one in Europe. Businesses and research institutes invest substantially in research and development activities. This makes the sector a significant force for innovation. The chemical industry is working to create state-of-the-art technologies by developing new materials, high-performance chemicals, and plastics. The ever-growing chemical industry and its contribution towards the zero-emission targets set by many governments are anticipated to surge the usage of absorption chillers and thereby drive market growth in the region.
The Germany market dominated the Europe Absorption Chillers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $104.5 million by 2028. The UK market is anticipated to grow at a CAGR of 3.1% during (2022-2028). Additionally, The France market would exhibit a CAGR of 4.7% during (2022-2028).
Based on Application, the market is segmented into Chemical, Oil & Gas, Food & Beverages and Others. Based on End-user, the market is segmented into Industrial, Commercial and Residential. Based on Refrigerant Type, the market is segmented into Lithium Bromide and Ammonia. Based on Energy Source, the market is segmented into Hot Water Treated, Steam Heated and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics (LG Corporation), Carrier Global Corporation, Thermax Limited, Hitachi, Ltd., Trane Technologies PLC, Johnson Controls International PLC, World Energy Co., Ltd., EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH), Yazaki Corporation, and Styne Group.
Absorption chillers are either ammonia-water or lithium bromide-water equipment. The system utilizes water as the refrigerant and bromide as the absorber. The ammonia-water system utilizes water as the ammonia and the absorber as the refrigerant. It is known as the single-effect cycle when the fluids are transferred through the refrigeration machine's four major components: the absorber, evaporator condenser, and generator.
Single-effect LiBr/ H2O absorption chillers use hot water or a low-pressure stem as the heat source. The water can evaporate and extract heat in the evaporator, as the system is under a vacuum. The thermal efficiency of a single-effect absorption system is low. Many new single-effect machines are installed in industries where waste heat is present in hefty amount. Single-effect chillers can be used to make chilled water for air conditioning and cooling process water and are present in capacities from 100 to 1,500 tonnes of refrigeration (TR).
Germany’s chemical industry comes number one in Europe. Businesses and research institutes invest substantially in research and development activities. This makes the sector a significant force for innovation. The chemical industry is working to create state-of-the-art technologies by developing new materials, high-performance chemicals, and plastics. The ever-growing chemical industry and its contribution towards the zero-emission targets set by many governments are anticipated to surge the usage of absorption chillers and thereby drive market growth in the region.
The Germany market dominated the Europe Absorption Chillers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $104.5 million by 2028. The UK market is anticipated to grow at a CAGR of 3.1% during (2022-2028). Additionally, The France market would exhibit a CAGR of 4.7% during (2022-2028).
Based on Application, the market is segmented into Chemical, Oil & Gas, Food & Beverages and Others. Based on End-user, the market is segmented into Industrial, Commercial and Residential. Based on Refrigerant Type, the market is segmented into Lithium Bromide and Ammonia. Based on Energy Source, the market is segmented into Hot Water Treated, Steam Heated and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics (LG Corporation), Carrier Global Corporation, Thermax Limited, Hitachi, Ltd., Trane Technologies PLC, Johnson Controls International PLC, World Energy Co., Ltd., EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH), Yazaki Corporation, and Styne Group.
Scope of the Study
By Application
- Chemical
- Oil & Gas
- Food & Beverages
- Others
By End-user
- Industrial
- Commercial
- Residential
By Refrigerant Type
- Lithium Bromide
- Ammonia
By Energy Source
- Hot Water Treated
- Steam Heated
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- LG Electronics (LG Corporation)
- Carrier Global Corporation
- Thermax Limited
- Hitachi, Ltd.
- Trane Technologies PLC
- Johnson Controls International PLC
- World Energy Co., Ltd.
- EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
- Yazaki Corporation
- Styne Group
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- Exhaustive coverage
- The highest number of Market tables and figures
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Absorption Chillers Market, by Application
1.4.2 Europe Absorption Chillers Market, by End User
1.4.3 Europe Absorption Chillers Market, by Refrigerant Type
1.4.4 Europe Absorption Chillers Market, by Energy Source
1.4.5 Europe Absorption Chillers Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Absorption Chillers Market by Application
3.1 Europe Chemical Market by Country
3.2 Europe Oil & Gas Market by Country
3.3 Europe Food & Beverages Market by Country
3.4 Europe Others Market by Country
Chapter 4. Europe Absorption Chillers Market by End User
4.1 Europe Industrial Market by Country
4.2 Europe Commercial Market by Country
4.3 Europe Residential Market by Country
Chapter 5. Europe Absorption Chillers Market by Refrigerant Type
5.1 Europe Lithium Bromide Market by Country
5.2 Europe Ammonia Market by Country
Chapter 6. Europe Absorption Chillers Market by Energy Source
6.1 Europe Hot Water Treated Market by Country
6.2 Europe Steam Heated Market by Country
6.3 Europe Others Market by Country
Chapter 7. Europe Absorption Chillers Market by Country
7.1 Germany Absorption Chillers Market
7.1.1 Germany Absorption Chillers Market by Application
7.1.2 Germany Absorption Chillers Market by End User
7.1.3 Germany Absorption Chillers Market by Refrigerant Type
7.1.4 Germany Absorption Chillers Market by Energy Source
7.2 UK Absorption Chillers Market
7.2.1 UK Absorption Chillers Market by Application
7.2.2 UK Absorption Chillers Market by End User
7.2.3 UK Absorption Chillers Market by Refrigerant Type
7.2.4 UK Absorption Chillers Market by Energy Source
7.3 France Absorption Chillers Market
7.3.1 France Absorption Chillers Market by Application
7.3.2 France Absorption Chillers Market by End User
7.3.3 France Absorption Chillers Market by Refrigerant Type
7.3.4 France Absorption Chillers Market by Energy Source
7.4 Russia Absorption Chillers Market
7.4.1 Russia Absorption Chillers Market by Application
7.4.2 Russia Absorption Chillers Market by End User
7.4.3 Russia Absorption Chillers Market by Refrigerant Type
7.4.4 Russia Absorption Chillers Market by Energy Source
7.5 Spain Absorption Chillers Market
7.5.1 Spain Absorption Chillers Market by Application
7.5.2 Spain Absorption Chillers Market by End User
7.5.3 Spain Absorption Chillers Market by Refrigerant Type
7.5.4 Spain Absorption Chillers Market by Energy Source
7.6 Italy Absorption Chillers Market
7.6.1 Italy Absorption Chillers Market by Application
7.6.2 Italy Absorption Chillers Market by End User
7.6.3 Italy Absorption Chillers Market by Refrigerant Type
7.6.4 Italy Absorption Chillers Market by Energy Source
7.7 Rest of Europe Absorption Chillers Market
7.7.1 Rest of Europe Absorption Chillers Market by Application
7.7.2 Rest of Europe Absorption Chillers Market by End User
7.7.3 Rest of Europe Absorption Chillers Market by Refrigerant Type
7.7.4 Rest of Europe Absorption Chillers Market by Energy Source
Chapter 8. Company Profiles
8.1 LG Electronics (LG Corporation)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Carrier Global Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.3 Thermax Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.4 Hitachi, Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.5 Trane Technologies PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expense
8.6 Johnson Controls International PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental & Regional Analysis
8.6.4 Research & Development Expenses
8.7 World Energy Co., Ltd.
8.7.1 Company Overview
8.8 EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
8.8.1 Company Overview
8.9 Yazaki Corporation
8.9.1 Company Overview
8.10. Styne Group
8.10.1 Company Overview
Companies Mentioned
- LG Electronics (LG Corporation)
- Carrier Global Corporation
- Thermax Limited
- Hitachi, Ltd.
- Trane Technologies PLC
- Johnson Controls International PLC
- World Energy Co., Ltd.
- EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
- Yazaki Corporation
- Styne Group
Methodology
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