Articles
MEA Chiller Market Growing due to Rising Adoption of District Cooling Systems
by Deepak Kumar Sr. SEO Executive
A major opportunity is created in the MEA chiller market due to the rising demand for solar-powered absorption chillers. The region is becoming more inclined toward the utilization of renewable energy sources due to the surging electricity consumption, which is a concern in MEA, and presence of high solar radiation.
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Since the MEA region receives 3,000–3,500 hours of sunshine per year, with over 5.0 KW/m2 of solar energy on a daily basis, solar power absorption chillers are an efficient and effective solution for cooling and heating a building.
The growing inclination toward magnetic-bearing chillers is a major trend in the MEA chiller market. In order to remove excess heat that is generated due to friction, chillers and their internal components require oil lubrication.
However, magnetic bearing chillers require no oil lubrication as they have fewer moving parts, and therefore require less servicing and maintenance. This further results in reduced operational costs as tasks such as oil disposal and oil filter changes are eliminated. Moreover, these chillers are light-weight, produce less sound, and 40% more efficient.
On the basis of type, the MEA chiller market is categorized into absorption, centrifugal, scroll, screw, and reciprocating. During the historical period (2014–2018), screw chillers occupied the major share of the market and is further predicted to retain its position during the forecast period.
This is due to the growing adopting of these chillers in the commercial and industrial sectors. This category is further bifurcated into air-cooled and water-cooled. Among these, water-cooled screw chillers contributed the larger revenue to the market during the historical period.
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About Deepak Kumar 
Sr. SEO Executive
133 connections, 0 recommendations, 367 honor points.Joined APSense since, May 30th, 2017, From New York, United States.
Created on Mar 17th 2020 07:31. Viewed 264 times.
