Scroll And Absorption Chillers Market By Product Type, By Power Range, By End User Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032
"Scroll and absorption chillers market expected to Reach $ 6 Billion by 2032."-Allied Market Research.
Absorption chillers use heat energy like steam, hot water, or gas to drive the cooling process rather than relying solely on mechanical means like compression. It utilizes a combination of a refrigerant and an absorbent fluid to produce chilled water.
Increase in demand for district cooling systems in many industries and high-rise buildings is expected to boost the scroll and absorption chillers market growth during the forecast period. District cooling is also known as centralized generation and distribution of cooling energy, which replaces traditional air-cooling systems as it is less expensive and more energy efficient. Moreover, developments in the tourism industry boost the construction of hotels and public infrastructure where scroll and absorption chillers can be used on a large scale. In addition, the growth of skyscrapers is expected to fuel the growth of scroll and absorption chillers market opportunity as these scroll and absorption chillers are widely used in cooling and ventilation of skyscrapers.
Increase in government spending on construction building activities requires more scroll and absorption chillers for temperature control. This, in turn, is anticipated to be opportunistic for the growth of the scroll and absorption chillers market. Rapid increase in urbanization and surge in disposable income of people are the factors anticipated to fuel the growth of the global scroll and absorption chillers market. Moreover, surge in industrial and residential construction activities with government initiatives such as "National Infrastructure Program", and "Nation Program on Strategies for Sustainable Smart Cities", and others, is expected to drive the growth of the market during the forecast period.
The scroll and absorption chillers market is segmented into product type, power range, end user, and region. By product type, it is bifurcated into air-cooled scroll and absorption chillers, and water-cooled scroll and absorption chillers. By power range, it is classified into less than 20 kW, 50-200 kW, and more than 200 kW. By end user, it is fragmented into chemicals & petrochemicals, food & beverages, medical, and others.
Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Major players have adopted various strategies such as product launch and acquisition to sustain the competition and improve the operation portfolio. For instance, in March 2022, Carrier Global launched Aqua Force Vision 30KAV with puretec refrigerant. It is compact and is more energy-efficient and a better ultra-low GWP refrigerant alternative to other types of air-cooled and water-cooled chiller
e. It is ideal for industrial processing such as food manufacturing, pharmaceuticals, chemicals, plastics, metal industries, and applications requiring ultra-reliable cooling up to -12¡Æ C.
COMPETITION ANALYSIS
Key companies profiled in the scroll and absorption chillers market report include: Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Dimplex Thermal Solutions, LG Electronics, Johnson Controls International Plc, Gree Electric Appliances Inc of Zhuhai, Midea Group Co. Ltd, Thermax Ltd., and Trane Technologies Plc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the scroll and absorption chillers market analysis from 2020 to 2032 to identify the prevailing scroll and absorption chillers market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the scroll and absorption chillers market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global scroll and absorption chillers market trends, key players, market segments, application areas, and market growth strategies.
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End user preferences and pain points
Industry life cycle assessment, by region
Product Benchmarking / Product specification and applications
Product Life Cycles
Senario Analysis & Growth Trend Comparision
Supply Chain Analysis & Vendor Margins
Technology Trend Analysis
Consumer Preference and Product Specifications
Distributor margin Analysis
Go To Market Strategy
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Pain Point Analysis
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis
Volume Market Size and Forecast
Key Market Segments
By End User Industry
Chemicals and Petrochemicals
Food and Beverages
Medical
Others
By Product Type
Air Cooled
Water Cooled
By Power Range
Less Than 50 kW
50-200 kW
More Than 200 kW
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
UK
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players:
Carrier Global Corporation
Mitsubishi Electric
DAIKIN INDUSTRIES LTD.
LG Electronics
Johnson Controls
Thermax Limited
Trane Technologies plc
GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI
Dimplex Thermal Solutions, LLC
Midea Group Co., Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in consumption of frozen food
3.4.1.2. Growth of manufacturing industry
3.4.1.3. Increase in demand for scroll and absorption chillers in medical industry
3.4.2. Restraints
3.4.2.1. Rise in demand for VRF systems
3.4.2.2. High initial investment and setup cost
3.4.3. Opportunities
3.4.3.1. Technological advancements
CHAPTER 4: SCROLL AND ABSORPTION CHILLERS MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Air Cooled
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Water Cooled
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: SCROLL AND ABSORPTION CHILLERS MARKET, BY POWER RANGE
5.1. Overview
5.1.1. Market size and forecast
5.2. Less Than 50 kW
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. 50-200 kW
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. More Than 200 kW
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: SCROLL AND ABSORPTION CHILLERS MARKET, BY END USER INDUSTRY
6.1. Overview
6.1.1. Market size and forecast
6.2. Chemicals and Petrochemicals
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Food and Beverages
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Medical
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Others
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
CHAPTER 7: SCROLL AND ABSORPTION CHILLERS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Product Type
7.2.3. Market size and forecast, by Power Range
7.2.4. Market size and forecast, by End User Industry
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Product Type
7.2.5.1.2. Market size and forecast, by Power Range
7.2.5.1.3. Market size and forecast, by End User Industry
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Product Type
7.2.5.2.2. Market size and forecast, by Power Range
7.2.5.2.3. Market size and forecast, by End User Industry
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Product Type
7.2.5.3.2. Market size and forecast, by Power Range
7.2.5.3.3. Market size and forecast, by End User Industry
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Product Type
7.3.3. Market size and forecast, by Power Range
7.3.4. Market size and forecast, by End User Industry
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by Product Type
7.3.5.1.2. Market size and forecast, by Power Range
7.3.5.1.3. Market size and forecast, by End User Industry
7.3.5.2. Italy
7.3.5.2.1. Market size and forecast, by Product Type
7.3.5.2.2. Market size and forecast, by Power Range
7.3.5.2.3. Market size and forecast, by End User Industry
7.3.5.3. UK
7.3.5.3.1. Market size and forecast, by Product Type
7.3.5.3.2. Market size and forecast, by Power Range
7.3.5.3.3. Market size and forecast, by End User Industry
7.3.5.4. France
7.3.5.4.1. Market size and forecast, by Product Type
7.3.5.4.2. Market size and forecast, by Power Range
7.3.5.4.3. Market size and forecast, by End User Industry
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by Product Type
7.3.5.5.2. Market size and forecast, by Power Range
7.3.5.5.3. Market size and forecast, by End User Industry
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Product Type
7.4.3. Market size and forecast, by Power Range
7.4.4. Market size and forecast, by End User Industry
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Product Type
7.4.5.1.2. Market size and forecast, by Power Range
7.4.5.1.3. Market size and forecast, by End User Industry
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by Product Type
7.4.5.2.2. Market size and forecast, by Power Range
7.4.5.2.3. Market size and forecast, by End User Industry
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by Product Type
7.4.5.3.2. Market size and forecast, by Power Range
7.4.5.3.3. Market size and forecast, by End User Industry
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by Product Type
7.4.5.4.2. Market size and forecast, by Power Range
7.4.5.4.3. Market size and forecast, by End User Industry
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by Product Type
7.4.5.5.2. Market size and forecast, by Power Range
7.4.5.5.3. Market size and forecast, by End User Industry
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Product Type
7.5.3. Market size and forecast, by Power Range
7.5.4. Market size and forecast, by End User Industry
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by Product Type
7.5.5.1.2. Market size and forecast, by Power Range
7.5.5.1.3. Market size and forecast, by End User Industry
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by Product Type
7.5.5.2.2. Market size and forecast, by Power Range
7.5.5.2.3. Market size and forecast, by End User Industry
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by Product Type
7.5.5.3.2. Market size and forecast, by Power Range
7.5.5.3.3. Market size and forecast, by End User Industry