Evolution of Absorption Chillers as the Preferred Cooling Solution in CHP/Cogeneration, Trigeneration, and Quattrogeneration Systems Drives Healthy Market Growth
Growing interest in eco-friendly and useful cooling solutions that re-use low temperature waste energy, and the emergence of sophisticated absorption chillers as perfect candidates for cost-efficient cogeneration systems are poised to drive the global market for Absorption Chillers to exceed US$965 million by 2024 . Increasingly energy-efficient products, together with the need for replacing vintage systems, are steadily spurring growth within the global absorption chillers market. The basic principle behind the working of an absorption chiller or an absorption heat pump is the transfer of energy to a higher temperature source from a lower temperature source. These machines make use of heat in several forms including thermal oil, steam or hot water for operation, and are different from traditional compression chillers and heat pumps in which mechanical compressors perform the function of producing the required pressure difference for evaporating and condensing the refrigerant in ...