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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Scroll & Absorption Chillers Market
Request Now !The global scroll & absorption chillers market is anticipated to grow significantly throughout the forecast period. Rise in global temperature created a demand for cooling systems to maintain comfortable working conditions within a building. Scroll & absorption chiller is extensively used for air conditioning in various commercial and industrial facilities. They are energy efficient and reduce the operating cost of the facility. These chillers cause less noise pollution and cause less damage to the environment.
Furthermore, scroll & absorption chillers are available in a wide range of sizes and capacities, thereby making it usable for small as well as large facilities. In addition, scroll & absorption chillers are easy to install and maintain. These factors fuel the growth of scroll & absorption chillers industry. Major players in the industry are focused on developing more energy efficient and environment friendly scroll & absorption chillers.
Description
Scroll compressors have fewer moving parts, thus creating less noise during operations and making them suitable for use in noise sensitive environments. Absorption chillers use high temperature heat as the major energy source, thus requiring less electricity and making it more economical. By utilizing the process cooling water from the absorber and the condenser, absorption chillers can be used for both heating and cooling applications.
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Product, Capacity, End-user Industry, Business Type, and Region |
Companies Covered | Broad Air Conditioning Co. Ltd., Daikin Industries, Ltd., Yazaki Energy Systems Inc., Johnson Controls Inc., Kaltra, Shuangliang Eco-Energy Systems Co. Ltd., Thermax, Ltd., Century Corporation, Hitachi Appliances Inc., MIDEA Group Co., Ltd., and Trane Inc. |
COVID-19 Impact analysis
Top Impacting Factors
Due to rise in global population and industrial growth, the number of commercial and industrial facilities around the world has increased significantly. Controlling the temperature of internal space of a building is vital in maintaining comfortable and hygienic working conditions. Thus, increase in number of commercial and industrial buildings creates a demand for scroll & absorption chillers. Furthermore, scroll & absorption chillers consume less electricity, which reduces their negative impact on the environment. In addition, scroll & absorption chillers of various capacities are available to increase their usability. However, high initial cost and bulky size of scroll & absorption chillers are major restraints on the growth of the market. Various government initiatives, such as “Make in India” launched by the Indian government and “Made in China 2025” launched by the Chinese government, are anticipated to boost the manufacturing sector in Asia-Pacific, thereby increasing the number of commercial and residential buildings. Therefore, it is a growth opportunity for the scroll and absorption chiller market.
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