Absorption Chillers Market to Witness Steady Expansion During 2030Posted by Aparna P on August 25th, 2022  Absorption chillers are refrigerators that derive energy from a preexisting heat source. Hence, absorption chillers help reduce the overall consumption of power, helping economize the power efficiency dynamics of a system. The rising awareness about the importance of conserving energy, and the government support to initiatives encouraging energy conservation is thus likely to be a key driver for the global absorption chillers market.
The oil and gas industry is also likely to remain a leading consumer in the global absorption chillers due to the rising need for offshore oil exploration and extraction projects. Offshore rigs often lack connectivity to the main power grid and thus need to utilize the onboard power efficiently.
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The rising awareness about energy-efficient products is promoting the deployment of absorption chillers market. However, due to the high-end technology requirement of these chillers, their set-up cost is high, which is limiting their widespread adoption
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