TechNavio recognizes the following companies as the key players in the Global Absorption Chillers Market: Johnson Controls Inc., Shuangliang Eco-Energy Systems Co. Ltd., Thermax Ltd., and Yazaki Energy Systems Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Since the Global Absorption Chillers market is highly competitive, manufacturers are providing new and innovative solutions and exploring new application areas for the existing range of products to stay ahead of the competition. Moreover, increased environmental and health concerns have led vendors to focus on the development of products free from greenhouse gases. The market is witnessing increased expenditure on R&D of new products and services. More research is being undertaken on upgrading and optimizing the performance of various absorption chillers in the Residential, Commercial, and Industrial sectors.”
According to the report, the growth of the Global Absorption Chillers market is driven by several factors, the most important of which is the increase in demand from the APAC region. The growth of the market in this region is positively influenced by government policies to reduce the consumption of electricity and reduce the harmful greenhouse gas emissions associated with various types of heating and air-conditioning equipment.
Further, the report states that one of the key challenges in this market is the global economic downturn, which has made it difficult for manufacturers to invest heavily in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-absorption-chillers-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Absorption Chillers Market 2014-2018
