LAMEA Absorption Chillers Market Size, Share & Industry Trends Analysis Report By Application, By End User, By Refrigerant Type (Lithium Bromide and Ammonia), By Energy Source (Hot Water Treated, Steam Heated), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Absorption Chillers Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
An absorption chiller has a condenser, an evaporator, a generator, a heat exchanger, and an absorber. It is pumped with the help of the heat exchanger and then go to the generator tank which is at the top of the chiller. The heat generated from the outside or waste steam collected from other systems in the building will go into the chiller’s generator. Water and lithium bromide will then be separated under the heat.
Water gradually becomes vapor and rises to the top where the condenser is located, and the lithium bromide drowns to the bottom. The lithium bromide then passes through a pipe and flows back to the absorber, which is its initial place. Then, the vapor in the condenser on the top passes through a cooling tower, which has a lower air pressure than the condenser. Thus, the vapor becomes water again as the air pressure declines. The cold water then goes into the evaporator and waits to be blended with the lithium bromide in the absorber gain.
The United Arab Emirates (UAE) is amongst the top oil producers. Around 96% of the nation’s roughly 100 billion barrels of proven oil reserves are present in Abu Dhabi. The UAE generates an average of 3.2 million barrels of petroleum and liquid daily. The UAE is working to develop an unconventional oil and gas production. The UAE announced the discovery of 80 trillion cubic feet of gas resources at Jebel Ali in 2020. The nation is seeking to become self-sufficient in gas supply by 2030.Saudi Arabia possesses around 17% of the world’s proven petroleum reserves and ranks as one of the largest net exporters of petroleum. Saudi Arabia has proven oil reserves and is one of the world’s most significant integrated energy and chemicals companies. This supports the growth of the regional market.
The Brazil market dominated the LAMEA Absorption Chillers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $42.7 million by 2028. The Argentina market is exhibiting a CAGR of 7.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.9% during (2022 - 2028).
Based on Application, the market is segmented into Chemical, Oil & Gas, Food & Beverages and Others. Based on End User, the market is segmented into Industrial, Commercial and Residential. Based on Refrigerant Type, the market is segmented into Lithium Bromide and Ammonia. Based on Energy Source, the market is segmented into Hot Water Treated, Steam Heated and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Absorption Chillers Market is Predict to reach $1.9 Billion by 2028, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics (LG Corporation), Carrier Global Corporation, Thermax Limited, Hitachi, Ltd., Trane Technologies PLC, Johnson Controls International PLC, World Energy Co., Ltd., EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH), Yazaki Corporation, and Styne Group.
Scope of the Study
Market Segments Covered in the Report:
- Oil & Gas
- Food & Beverages
By End User
By Refrigerant Type
- Lithium Bromide
By Energy Source
- Hot Water Treated
- Steam Heated
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- LG Electronics (LG Corporation)
- Carrier Global Corporation
- Thermax Limited
- Hitachi, Ltd.
- Trane Technologies PLC
- Johnson Controls International PLC
- World Energy Co., Ltd.
- EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
- Yazaki Corporation
- Styne Group
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Global Absorption Chillers Market Report 2022-2028
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