Scroll and absorption chillers market was valued at USD 7,289.30 million in 2021 and is expected to reach USD 10,052.91 million by 2029, registering a CAGR of 4.10% during the forecast period of 2022 to 2029.
Market Analysis and Insights
Scroll and absorption chillers differ from traditional air conditioning systems in that they do not utilize chemicals to cool the air. These chillers can provide high-precision temperature control, assisting in increasing comfort levels within buildings or residences with minimal power usage, making them more energy-efficient than other typical air conditioners on the market today. It accomplishes this without the use of any refrigerants that, when released into the atmosphere, destroy the ozone layer.
In recent years, non-electricity driven equipment has seen a surge in demand from a variety of end-use industries, where primary sources could be used more efficiently. As a result, solar-powered absorption chillers have acquired substantial traction in the market for big chilling operations. These chillers provide optimal cooling performance while consuming less electricity, lowering the ever-increasing demand for electricity in the summer. As a result, the market is expected to grow rapidly. For instance, a CLFR solar collector field has been built to power a 1MW absorption chiller to provide air-conditioning for a 500-seat showpiece football stadium in Doha, Qatar, for the World Cup 2022, which is slated to be held there.
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COVID-19 Impact on Scroll and Absorption Chillers Market
Over the projected period, the scroll and absorption chillers market is expected to be constrained by the COVID-19 outbreak. COVID-19, a new coronavirus, was identified as the causal agent in the pneumonia cases. This virus spread quickly over the world, killing a large number of people. COVID-19 was labelled a global pandemic by the World Health Organization (WHO) in March 2020, and rigorous measures to prevent the disease's spread were recommended. Since then, the pandemic has delayed the expansion of the industrial automation sector and disrupted the supply chain. Furthermore, governments in a number of nations have imposed nationwide lockdowns in order to halt the spread of COVID-19. Similarly, various automation organizations in numerous nations throughout the world were having difficulty continuing their supply chain activities.
Scroll and Absorption Chillers Market Scope & Size
The scroll and absorption chillers market is segmented on the basis of product, capacity and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
· Product
o Scroll Chiller
o Water-Cooled Scroll Chillers
o Air-Cooled Scroll Chillers
o Absorption Chiller
o Type
o Steam Absorption Chillers
o Hot Water Absorption Chillers
o Direct Fired Absorption Chillers
o Design Technology
o Single-Effect Chillers
o Double-Effect Chillers
o Triple-Effect Chillers
· Capacity
o Greater than 100 KW
o Ranges between 101 KW to 300 KW and 301 KW to 700 KW
o Less than 701 KW
· Vertical
o Commercial
o Institutions
o Hospitals
o Commercial Buildings
o Industrial
o Plastics
o Chemicals and Petrochemicals
o Food and Beverages
o Geothermal Appliances
o Pharma
o Textile
o Others
o Energy and Power
o Paper and Packaging
Scroll and Absorption Chillers Market Regional Analysis/Insights
The scroll and absorption chillers market is analysed and market size insights and trends are provided by country, product, capacity and vertical as referenced above.
The countries covered in the scroll and absorption chillers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Key Players Brain Monitoring Device Market
Key players operating in the cervix conization market include:
· DAIKIN INDUSTRIES, Ltd. (Japan)
· Johnson Controls (Ireland)
· Thermax Limited (India)
· Trane (Ireland)
· BROAD Group (China)
· Carrier (US)
· Century Corporation (Japan)
· EAW Energieanlagenbau GmbH Westenfeld (Germany)
· Hitachi Appliances, Inc. (Tokyo)
· Midea Group (China)
· ROBUR S.p.A (US)
· Shuangliang Group Co., Ltd. (China)
· Yazaki Energy Systems, Inc. (US)
· Thermo Fisher Scientific Inc. (US)
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Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global Scroll and Absorption Chillers Market by Product & Procedure type
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