pharmaceuticals industry is likely to become a leading application segment

1. Absorption Chillers Regional Segmentation of the Market by 2025
Global Absorption Chillers Market: Snapshot
Absorption chillers are refrigerators that derive energy from a preexisting heat
source. Hence, absorption chillers help reduce the overall consumption of
power, helping economize the power efficiency dynamics of a system. The
rising awareness about the importance of conserving energy, and the
government support to initiatives encouraging energy conservation is thus
likely to be a key driver for the global absorption chillers market.
The pharmaceuticals industry is likely to become a leading application
segment for the global absorption chillers in the coming years. This is due to

2. the consistent need for chilled equipment to store pharmaceutical solutions.
The pharmaceuticals industry is likely to receive significant investment for
technological improvement in the coming years due to their direct impact on
the ability of medical practitioners to help more patients more
comprehensively. This is likely to be a key driver for the global absorption
chillers market in the coming years.
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The oil and gas industry is also likely to remain a leading consumer in the
global absorption chillers due to the rising need for offshore oil exploration
and extraction projects. Offshore rigs often lack connectivity to the main
power grid and thus need to utilize the onboard power efficiently. Absorption
chillers are thus ideally suited for application in the industry. Due to this
factor, the global absorption chillers market could witness significant activity
in West African, Latin American, and North European countries in the coming

3. years, as nations in these regions are likely to be active in the offshore
petroleum exploration sector.
Global Absorption Chillers Market: Overview
The rising importance of consuming waste energy is driving the deployment
of absorption chillers across various end-user industries. The oil and gas
industry is one of the major end users of these chillers. Therefore, the
increasing exploration and production activities in the oil and gas industry is
fuelling the global market for absorption chillers. The burgeoning demand for
robust chilling facilities across pharmaceutical and chemical industries is also
paving way for the growth of the market. The increasing reliance on liquefied
natural gas (LNG) is another factor providing a fillip to the global market.
The report is an outcome of in-depth research and exhaustive coverage of
every aspect of the global absorption chillers market and its affiliated
industries. It provides a comprehensive overview of the dynamics of the
market. It offers essential insights into the regional segmentation of the market

4. for a better understanding. It includes a detailed description of the competitive
landscape and also profiles the key players in the market along with their
business strategies and latest developments.
Global Absorption Chillers Market: Restraints and Opportunities
The rising awareness about energy-efficient products is promoting the
deployment of absorption chillers market. However, due to the high-end
technology requirement of these chillers, their set-up cost is high, which is
limiting their widespread adoption. This factor is exacerbated by the
availability of low-cost conventional chilling equipment, whose demand is
still strong across various industries. Moreover, the high risk of deterioration
and damage associated with these chillers is hindering the growth of the
market.
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5. Nevertheless, the manufacturers will be able to see light at the end of the
tunnel with the continuous advancements that will mitigate these technical
issues. Furthermore, the increasing demand for absorption chillers from the
commercial sector and data centers is likely to augur well for the market in the
coming years.
Global Absorption Chillers Market: Geographical Segmentation
The key regions studied in the report are North America, Asia Pacific, Europe,
and Rest of the World. The growth of the North America and Europe regions
will be facilitated by the presence of developed end user infrastructure. The
increasing demand for absorption chillers from the food and beverages
industry is also bolstering the growth of these regions. The Asia Pacific
market is augmented by the rising capacities of geothermal, nuclear, and solar
power plants. The improving economic conditions and expansion of
commercial sector are providing a significant boost to the growth of the
region.

6. Global Absorption Chillers Market: Competitive Landscape
Players in the global absorption chillers market require highly skilled labor,
advanced technology, and complex production facility to stay relevant. The
highly capital intensive nature of the market is creating a significant barrier to
the entry of new players. Some of the key absorption chiller manufacturers are
Thermax Ltd, Johnson Controls Inc, Kirloskar Pneumatic Company Limited,
Yazaki Energy Systems Inc., Kawasaki Trading Co. Ltd., Broad U.S.A. Inc.,
Hitachi Ltd., Simons Green Energy, Clarke Energy, Ebara Refrigeration
Equipment & Systems Co Ltd, Solair, Voltas, Ltd., and Shuangliang Eco-
Energy Systems Company Ltd.
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7. The study presents reliable qualitative and quantitative insights into:
 Market segments and sub-segments
 Market trends and dynamics
 Supply and demand chain of the market
 Market valuation (revenue and/or volume)
 Key trends/opportunities/challenges
 Forces defining present and estimated future state of the competitive
landscape
 Technological developments
 Value chain and stakeholder analysis

8. The regional analysis covers:
 North America
 Latin America
 Europe
 Asia Pacific
 Middle East and Africa

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