C&M: Global market for absorption chillers driven by increased expenditure on R&D of new products and services
Global Absorption Chillers Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 15:31:03
The Global Absorption Chillers Market is forecast to grow at a CAGR of 3.94 percent for the period 2014-2018. Several driving factors and trends will contribute to this growth.
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.
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