Absorption refrigerant chillers are refrigerant chillers that use an electromagnetic heating source to give the desired energy needed for the cooling process. The electromagnetic heating source used in an absorption refrigerant chillers is a low temperature refrigerant, typically water, that can be pumped or drawn into a reservoir where it becomes heated to a specific temperature. The temperature in the reservoir is then changed so that it can absorb the required heat and release the energy needed in the cooling process without causing the condenser coils to cool down too much.
Absorption chiller technology is used in commercial and industrial–and even food-processing and marine applications. In the IT sector, this technology is used in green focused data center facilities. Emergence of Covid-19 has led to increasing demand for data centers, thereby boosting growth of the global absorption chillers market.
Market Dynamics
Increasing development in data center infrastructure is expected to propel growth of the global absorption chillers market. For instance, in July 2020, Delta, a provider of power and thermal management solutions, launched SmartNode data center infrastructure solution to provide flexible power system and cooling designs for quick deployment of versatile implementation in Europe, the Middle East and Africa.
Moreover, increasing preference for absorption chillers over electric motor-driven compression cycle https://www.tumblr.com/blog/captainajinkyachillers is also expected to aid in growth of the global absorption chillers market. Absorption chillers use very little electricity compared to an electric motor-driven compression cycle chiller.
Among end users, the petroleum sector is expected to witness significant growth in the absorption chillers market, owing to fluctuations in feedstock prices. Earlier, low cost of fuel and feedstock made use of mechanical chillers affordable in the petrochemical industry. However, now the feedstock prices increasing, which has created lucrative growth opportunities for players in the absorption chillers market.
In the food and beverages sector, the adoption of absorption chillers has significantly increased as breweries are open to using absorption chillers to reduce their energy footprint.
Competitive Analysis
Major players operating in the global absorption chillers market include, Broad Air Conditioning Co. Ltd., Thermax Inc., Carrier Corporation, Shuangliang Eco-Energy Systems Co. Ltd., Kawasaki Thermal Engineering Co., Ltd., Hyundai Climate Control Co., Ltd., Johnson Controls, Inc., Robur Corporation, Yazaki Corporation, EAW Energieanlagenbau GmbH, and Trane Inc.
January 2019: Broad Air Conditioning Co. Ltd. developed a triple-effect absorption chiller that can produce chilled water down to 5 degree Celsius.
