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The absorption chillers market size is forecast to increase by USD 727.6 million at a CAGR of 4.1% between 2023 and 2028. Absorption chillers, an air conditioning device that utilizes heat to produce cooling, are gaining traction in various industries due to their energy efficiency and cost savings. Solar-powered absorption chillers, in particular, are becoming increasingly popular as businesses strive for carbon neutrality. The industrial sector, including food processing and petroleum, is a significant contributor to the absorption chiller market's growth. The demand for energy reduction and cost savings is driving market expansion. However, high capital and maintenance costs remain challenges. The trend towards F-gas laws and regulations is also impacting the market, with many companies turning to absorption chillers as a viable alternative to traditional refrigeration systems. The frozen food industry is a significant end-user, as absorption chillers provide consistent cooling and can operate efficiently even in extreme temperatures. Turbines used in absorption chillers offer further energy savings, making them an attractive option for businesses seeking to reduce their carbon footprint and lower operating costs.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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