Global Absorption Chillers
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Absorption Chillers market size was $1.49 Billion in 2022 and it is forecasted to reach $2.21 Billion by 2030. Absorption Chillers Industry's Compound Annual Growth Rate will be 5.21% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Absorption Chillers market size was $1.49 Billion in 2022 and it is forecasted to reach $2.21 Billion by 2030. Absorption Chillers Industry's Compound Annual Growth Rate will be 5.21% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Absorption Chillers Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.21% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Refrigerant Type |
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Market Split by Application |
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Market Split by Energy Source |
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Market Split by End-user Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Absorption Chillers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The absorption chiller is machinery, which is used in industrial, commercial, and residential buildings for air conditioning, refrigeration, and process cooling in industrial facilities. In addition, direct-fired absorption chillers use direct flames generated from oil or gas to introduce energy to the system.
Increasing demand in industrial, residential, and commercial buildings for air-conditioning, refrigeration, and process cooling in industrial facilities is the key factor expected to drive the growth of the absorption chiller market. In addition, increasing the use of absorption chillers in various industries including food and beverages, pharmaceuticals, power plants, and metal fabrication is expected to drive the growth of the target market. Furthermore, increasing urbanization which is fueling the growth of commercial and residential buildings is expected to create growth opportunities for the global absorption chiller market. However, the increasing cost of the absorption chiller as compared to the compression-based chiller may hamper the growth of the absorption chiller market.
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In January 2019, Broad Air Conditioning Co. Ltd. has developed a triple-effect absorption chiller to produce chilled water down to 5 °C, while requiring a lower inlet temperature of about 75 °C leading to a return flow temperature of 55 °C.
Top Companies Market Share in Absorption Chillers Industry: (In no particular order of Rank)
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Asia-Pacific has the largest revenue share in the absorption chiller market. This is due to the availability of cheap and skilled labor, and support from governments in the region. In addition, major players are striving to develop manufacturing units to improve production quantities and industries anticipated to drive the growth of the absorption chiller market in the region.
The current report Scope analyzes Absorption Chillers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Absorption Chillers Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Absorption Chillers Industry growth. Absorption Chillers market has been segmented with the help of its Refrigerant Type, Application Energy Source, and others. Absorption Chillers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on refrigerant type, the lithium bromide segment has the largest revenue share in the absorption chiller market. This is attributed to lithium bromide is odorless, non-toxic, non-explosive, safe, reliable, and pollution-free, and is suitable for meeting the requirements of environmental protection projected to drive the growth of this segment.
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Based on application, the chemical segment has the largest revenue share in the absorption chiller market. This is attributed to chemical industries’ use of absorption chillers for air conditioning as well as for process cooling anticipated to drive the growth of this segment.
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Based on the energy source, the hot water-treated segment has the largest revenue share in the absorption chiller market. This is due to the hot water-treated absorption chillers using hot water from the process machinery of an industrial facility as a power source.
Based on the end-user industry, the industrial segment has the largest revenue share in the absorption chiller market. This is due to the industrial use of absorption chillers in industrial spaces for process cooling, cold storage, and general comfort cooling.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Absorption Chillers Market is witnessing significant growth in the near future.
In 2023, the Ammonia segment accounted for noticeable share of global Absorption Chillers Market and is projected to experience significant growth in the near future.
The Food and Beverages segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Daikin Industries, Thermax Ltd. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Refrigerant Type | Ammonia, Lithium Bromide |
Application | Food and Beverages, Oil and Gas, Chemical, Others |
Energy Source | Hot Water Treated, Steam Heated, Others |
End-user Industry | Residential, Commercial, Industrial |
List of Competitors | Daikin Industries, Johnson Controls, Thermax Ltd., Trane, Broad Air Conditioning, Carrier Corporation, Hitachi Appliances, Midea Group, Robur Corporation, Shuangliang Eco Energy Systems, LG, EAW Energieanlagenbau GmbH, Century, Kirloskar Pneumatic Co. Ltd., Yazaki Energy Systems Inc., MultiChill Technologies Inc. |
This chapter will help you gain GLOBAL Market Analysis of Absorption Chillers. Further deep in this chapter, you will be able to review Global Absorption Chillers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Absorption Chillers. Further deep in this chapter, you will be able to review North America Absorption Chillers Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Absorption Chillers. Further deep in this chapter, you will be able to review Europe Absorption Chillers Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Absorption Chillers. Further deep in this chapter, you will be able to review Asia Pacific Absorption Chillers Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Absorption Chillers. Further deep in this chapter, you will be able to review South America Absorption Chillers Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Absorption Chillers. Further deep in this chapter, you will be able to review Middle East and Africa Absorption Chillers Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Absorption Chillers. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 7 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 8 Qualitative Analysis (Subject to Data Availability)
Segmentation Refrigerant Type Analysis 2019 -2031, will provide market size split by Refrigerant Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 9 Market Split by Refrigerant Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Energy Source Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-user Industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Absorption Chillers market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Ammonia have a significant impact on Absorption Chillers market? |
What are the key factors affecting the Ammonia and Lithium Bromide of Absorption Chillers Market? |
What is the CAGR/Growth Rate of Food and Beverages during the forecast period? |
By type, which segment accounted for largest share of the global Absorption Chillers Market? |
Which region is expected to dominate the global Absorption Chillers Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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