NEW YORK, June 11, 2019 /PRNewswire/ — Persistence Market Research delivers key insights on the global absorption chillers market. In the coming years, the global absorption chillers market is projected to display a positive outlook. The market value is expected to increase at a moderate pace over the forecast period. Based on the technology adopted, double stage chillers are anticipated to account for substantial share throughout the forecast period. The global absorption chillers market was valued at nearly US$ 1.2 Bn by the end of 2018, witnessing approx. 3.6% Year-on-Year growth over 2017. The U.S. is expected to account for a maximum share in the global absorption chillers market over the forecast period. South Asia is expected to witness maximum growth during the forecast period, supported by the rising demand from chemicals and pulp & paper manufacturing. Increasing installation of solar-powered absorption chillers across various end-use industries is found to be the key factor assisting the installation of absorption chillers. Absorption chillers powered by solar power technology for large chilling applications are gaining traction, and, in turn, increasing the...