Absorption Chillers Market

Absorption Chillers Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 – (By Power Source, By Application, By Absorber Type, By Technology, By Geographic Coverage and By Company)

Published Date: Aug 2025 | Format: | No. of Pages: 199

Industry: Industrial Automation & Equipment


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Global Absorption Chillers Market Growth and Industry Forecast

  • The global absorption chillers market is projected to be valued at US$ 2.1 Bn in 2025 and reach US$ 2.9 Bn by 2032.
  • The market is expected to register a CAGR of 4.7% during the forecast period from 2025 to 2032.

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Absorption Chillers Market Summary: Key Insights & Trends

  • Natural gas-powered direct fired chillers lead the market in 2025 with over 50% share, supported by extensive fuel infrastructure and cost efficiency in industrial use.
  • Hot water heated chillers are the fastest-growing segment, projected to expand at 5.5% CAGR through 2032 by leveraging waste heat in hospitality and district cooling systems.
  • Lithium bromide chillers dominate with a 90% share for large-scale air conditioning, while ammonia-based systems grow due to low-GWP compliance.
  • Double-stage chillers account for an 83% share in 2025, with 35% higher efficiency than single-stage, serving energy-intensive sectors such as data centers and pharmaceuticals.
  • Rising demand for energy-efficient cooling systems across industrial, commercial, and residential sectors is reducing electricity consumption by up to 30% compared to traditional systems.
  • Asia Pacific is the fastest-growing region with a 30% share, led by China’s US$ 12 Bn investment and India’s 15% annual growth in green technologies.
  • North America maintains a 34.1% market share in 2025, driven by stringent efficiency regulations, federal incentives, and adoption in data centers and commercial buildings.

A Look Back and a Look Forward - Comparative Analysis

The absorption chillers market experienced steady growth from 2019 to 2024, driven by rising demand for sustainable cooling solutions across commercial and industrial sectors. The market faced temporary setbacks during the COVID-19 pandemic due to supply chain disruptions and delays in infrastructure projects, particularly in 2020–2021. However, recovery was swift as industries increasingly prioritized energy-efficient systems to align with sustainability goals, with lithium bromide-based chillers gaining popularity for their superior efficiency. Key sectors such as food and beverage and data centers emerged as major adopters, utilizing waste heat recovery to reduce operational costs. Supportive government incentives further bolstered growth by encouraging the use of eco-friendly technologies.

Looking ahead, the market is expected to expand steadily, driven by global decarbonization initiatives and the shift toward renewable energy sources like solar and waste heat utilization. Rapid industrialization and infrastructure development in emerging regions, particularly in the Asia Pacific, will fuel demand. Double-stage technology and lithium bromide chillers are set to dominate, offering enhanced efficiency and cost savings. Regulatory measures phasing out high-GWP refrigerants will accelerate adoption, while AI integration will improve performance optimization. Growth opportunities will be particularly strong in data centers and district cooling applications, although high upfront costs may remain a key challenge.

Key Growth Drivers

  • Rising Global Demand for Energy-Efficient Cooling Across Key Sectors

The absorption chillers market is propelled by increasing demand for energy-efficient cooling systems across industrial, commercial, and residential sectors. Absorption chillers utilize waste heat or renewable energy, reducing electricity consumption by up to 30% compared to traditional vapor compression systems.

In 2023, the global energy-efficient cooling market grew by 11%, driven by sectors such as pharmaceuticals and data centers, where precise temperature control is critical. For instance, a Germany-based steel plant reduced energy costs by 20% using absorption chillers for waste heat recovery. Government incentives, such as the U.S. Inflation Reduction Act’s tax credits for energy-efficient HVAC systems, further encourage adoption. These chillers align with global sustainability goals, offering low-GWP refrigerants such as ammonia and water-lithium bromide, which minimize environmental impact.

  • Stringent Environmental Policies Driving Shift to Low-GWP Refrigerants

Global regulations targeting high-GWP refrigerants are a key driver for the absorption chillers market. The EU’s F-Gas Regulation, aiming to phase out refrigerants with GWP ≥150 by 2027, has spurred demand for ammonia- and lithium bromide-based chillers, which have negligible GWP. India’s Cooling Action Plan targets a CFC phase-out by 2037, driving adoption in industrial zones.

In 2023, ammonia-based chillers saw a 12% increase in market penetration due to their eco-friendly profile. These regulations align with green building standards, encouraging commercial sectors like hotels and hospitals to adopt absorption chillers. For example, Marriott hotels have integrated these systems to enhance sustainability and brand reputation.

  • Urbanization and Infrastructure Growth Boosting Chiller Adoption in Emerging Economies

Rapid urbanization and infrastructure development in emerging economies like India, China, and Brazil are fueling the absorption chillers market. These regions, characterized by hot climates, require robust cooling solutions for commercial and industrial facilities.

In 2023, China invested US$ 12 Bn in energy-efficient cooling systems, aligning with its Dual Carbon goals. Absorption chillers, with 30–40% lower installation costs compared to electric systems, are ideal for on-grid and off-grid projects. Their ability to utilize waste heat from industrial processes makes them attractive for food and beverage and chemical sectors. India’s Production-Linked Incentive scheme has driven a 15% annual growth in green technology adoption, boosting chiller demand.

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Key Growth Barriers

  • High Upfront Costs Limiting Wider Adoption of Absorption Chillers

The absorption chillers market faces challenges due to high initial investment and installation costs, which can deter adoption, particularly among smaller businesses. Absorption chillers require a significant upfront investment, often 20–30% higher than conventional electric chillers, due to their complex design and specialized components. Installation complexity, requiring modifications to existing systems, further increases costs.

For instance, retrofitting a commercial building with absorption chillers can cost up to US$ 500,000, depending on capacity. This financial barrier limits market penetration in budget-constrained regions or sectors, despite long-term energy savings. 

  • Advancing Electric Chiller Technology Intensifying Competition in Cooling Solutions

Continuous improvements in electric chiller technology pose a significant restraint to the absorption chillers market. Modern electric chillers, equipped with variable-speed drives and smart controls, offer enhanced energy efficiency and lower operational costs, competing directly with absorption systems.

For example, Mitsubishi Electric’s MECH-iF Air Cooled Chiller, launched recently, achieves up to 20% energy savings with low-GWP refrigerants. These advancements make electric chillers more attractive for industries prioritizing cost-effectiveness and ease of maintenance. As electric chillers adapt to varying load conditions, they capture market share, limiting the growth of absorption chillers in some applications.

Absorption Chillers Market Trends and Opportunities

  • Emerging Markets Driving Demand for Energy-Efficient Cooling Solutions

The absorption chillers market has significant growth potential in emerging markets such as Asia Pacific and Latin America, driven by rapid industrialization and urbanization. These regions, facing increasing cooling demands in manufacturing, healthcare, and hospitality sectors, are investing in energy-efficient technologies.

In 2024, India’s industrial sector saw a 20% rise in absorption chiller installations, supported by government incentives for green technologies. Absorption chillers, leveraging waste heat, offer cost-effective cooling for off-grid projects in developing nations with limited electricity infrastructure. For example, Brazil’s chemical industry adopted these systems to reduce energy costs by 15%.

  • Hybrid System Innovations Expanding Opportunities for Absorption Chillers

Innovations in hybrid cooling systems present a major opportunity for the absorption chillers market. By integrating absorption chillers with heat pumps, solar thermal systems, or thermal storage, manufacturers can create scalable, energy-efficient solutions.

For instance, Johnson Controls’ AI-based absorption chillers reduce downtime and energy consumption by 20% through predictive maintenance. Hybrid systems offer flexibility for diverse applications, such as district cooling and industrial processes, meeting varied temperature needs. The global energy-efficient cooling market grew by 11% in 2023, driven by such innovations.

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Segment-wise Trends & Analysis

  • Natural Gas Chillers Dominating While Hot Water Systems Growing Fastest

In the absorption chillers industry, natural gas-powered chillers lead, holding over 50% share in 2025 due to widespread availability, established infrastructure, and competitive pricing. Most commercial and industrial facilities are equipped with natural gas pipelines, making these chillers convenient and cost-effective. However, hot water heated absorption chillers are the fastest-growing segment driven by their ability to utilize waste heat from industrial processes and boilers.

These chillers are particularly popular in district cooling systems and hospitality sectors, where hot water is readily available. For example, their use in healthcare facilities and hotels, like those adopted by Marriott, enhances energy efficiency, reducing operational costs by up to 15%. The shift toward sustainable energy sources further boosts the growth of hot water-heated chillers, aligning with global decarbonization efforts.

  • Industrial Applications Dominating While Non-Industrial Segment Shows Fastest Growth

The industrial segment dominates the absorption chillers market, accounting for an 88% share by 2032, driven by high cooling demands in sectors such as food and beverage, petroleum, and pharmaceuticals. These industries rely on absorption chillers for precise temperature control and energy efficiency, with systems saving up to 20% in energy costs.

The non-industrial segment, including commercial and residential applications, is the fastest growing. This growth is fueled by increasing adoption in commercial buildings like hospitals and hotels, where sustainability and low operational costs are priorities. For instance, brands like Hyatt use absorption chillers to enhance brand reputation through eco-friendly practices.

  • Lithium Bromide Chillers Dominating While Ammonia-Based Systems Expanding Rapidly

Lithium bromide-based chillers lead, holding a 90% share in 2025 due to their high efficiency and reliability in large-scale air conditioning systems. Their strong chemical affinity for water ensures consistent performance, making them ideal for commercial and industrial applications. Ammonia-based chillers are the fastest-growing segment, driven by their suitability for industrial applications requiring low-temperature cooling, such as food processing. Ammonia’s negligible GWP aligns with regulatory shifts like the EU’s F-Gas Regulation, boosting its adoption. For example, ammonia-based chillers are increasingly used in chemical plants, contributing to a 54.3% share in industrial applications in 2024.

  • Double-Stage Chillers Dominating While Triple-Stage Technology Experiencing Strongest Growth

Double-stage absorption chillers dominate, with an 83% share in 2025, due to their superior efficiency, offering up to 35% higher performance than single-stage systems. These chillers are widely adopted in industries such as pharmaceuticals and data centers, where energy savings are critical. Triple-stage absorption chillers are the fastest-growing segment driven by innovations like Thermax Limited’s triple-stage systems, which boast a 30% higher COP. These systems are gaining traction in high-efficiency applications, such as large-scale industrial plants and district cooling systems. The market benefits from technological advancements that enhance energy efficiency and align with sustainability goals.

Regional Analysis

  • North America Growth Driven by Regulations and Sustainability Initiatives

North America, led by the U.S., holds a 34.1% share of the market in 2025, driven by stringent energy efficiency regulations and sustainability initiatives. The U.S. market benefits from federal incentives like the Inflation Reduction Act, promoting low-GWP cooling systems. Data centers, such as Google’s USD 2 Bn project, and the petroleum industry drive demand for absorption chillers, leveraging waste heat for cost savings. The focus on decarbonization and rising cooling needs in commercial buildings further accelerates market growth.

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  • Europe’s Market Boosted by Green Standards and Industrial Adoption

Europe’s market is driven by Germany, France, and the UK, propelled by the EU’s F-Gas Regulation and green building standards. Germany leads due to its strong industrial base, with companies like BASF adopting chillers for operational efficiency. France’s hospitality sector, including hotels like Marriott, prioritizes sustainability, boosting demand. The UK’s focus on district cooling systems supports market growth, driven by regulatory compliance and energy cost concerns.

  • Asia Pacific Expansion Fueled by Investments and Rapid Urbanization

Asia Pacific, with a 30% share in 2024, is led by China and India in the absorption chillers market. China’s US$ 12 Bn investment in energy-efficient cooling and Dual Carbon goals drives adoption in industrial sectors. India’s Production-Linked Incentive scheme and rapid urbanization fuel demand in commercial and industrial applications, with a 15% annual growth in green technology adoption. Projects like Haldia Petrochemicals’ USD 10 Bn expansion highlight the region’s need for efficient cooling solutions.

Competitive Landscape

The global absorption chillers market is moderately consolidated, with a mix of established multinational players and regional manufacturers competing on technology efficiency, cost, and service capabilities. Strategic relevance lies in its role as an energy-efficient, low-emission cooling solution aligned with global decarbonization and renewable integration goals.

Current market conditions are shaped by rising adoption in industrial and commercial sectors, driven by energy cost pressures and environmental regulations. However, high upfront costs and competition from electric chillers influence pricing strategies, making innovation and strategic partnerships critical for long-term competitiveness.

Key Companies

  • Daikin Industries
  • BROAD Group
  • Carrier Corporation
  • Hope Deepblue Air Conditioning Manufacture Corp., Ltd.
  • Robur S.p.A.
  • Hyundai Climate Control Co. Ltd.
  • Trane Inc. (YORK / Trane Technologies)
  • Colibri B.V.
  • LG Electronics
  • Yazaki Corporation
  • Shuangliang Eco-Energy Systems Co. Ltd.
  • Johnson Controls–Hitachi
  • Thermax Limited
  • EAW Energieanlagenbau GmbH
  • Kawasaki Thermal Engineering Co., Ltd.

Recent Industry Developments

  • Daikin Industries launched the Trailblazer HP, an air-cooled scroll chiller with heat pump technology offering up to 300% efficiency for both heating and cooling, reducing energy use and emissions.
  • On March 12, 2025, Johnson Controls launched the YORK YVAM air-cooled magnetic-bearing chiller in Europe for data centres, cutting annual energy use by 40%, expanding temperature range (-29 °C to +55 °C), with zero on-site water use. 

Global Absorption Chillers Market Segmentation-

By Power Source

  • Direct Fired
  • Hot Water Heated
  • Steam Heated
  • Gaseous Fuel Powered

By Application

  • Industrial
  • Non-industrial

By Absorber Type

  • Ammonia
  • Lithium Bromide

By Technology

  • Single Stage
  • Double Stage

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

1. Executive Summary
    1.1. Global Absorption Chillers Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Value, 2025
    1.5. Analyst Recommendations


2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
       2.2.1. Drivers
       2.2.2. Restraints
       2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. COVID-19 Impact Analysis
    2.5. Porter's Fiver Forces Analysis
    2.6. Impact of Russia-Ukraine Conflict
    2.7. PESTLE Analysis
    2.8. Regulatory Analysis
    2.9. Price Trend Analysis
       2.9.1. Current Prices and Future Projections, 2024-2032
       2.9.2. Price Impact Factors


3. Global Absorption Chillers Market Outlook, 2019 - 2032
    3.1. Global Absorption Chillers Market Outlook, by Power Source, Value (US$ Mn), 2019-2032
       3.1.1. Direct Fired
       3.1.2. Hot Water Heated
       3.1.3. Steam Heated
       3.1.4. Gaseous Fuel Powered
    3.2. Global Absorption Chillers Market Outlook, by Application, Value (US$ Mn), 2019-2032
       3.2.1. Industrial
       3.2.2. Non-industrial
    3.3. Global Absorption Chillers Market Outlook, by Absorber Type, Value (US$ Mn), 2019-2032
       3.3.1. Ammonia
       3.3.2. Lithium Bromide
    3.4. Global Absorption Chillers Market Outlook, by Technology, Value (US$ Mn), 2019-2032
       3.4.1. Single Stage
       3.4.2. Double Stage
    3.5. Global Absorption Chillers Market Outlook, by Region, Value (US$ Mn), 2019-2032
       3.5.1. North America
       3.5.2. Europe
       3.5.3. Asia Pacific
       3.5.4. Latin America
       3.5.5. Middle East & Africa


4. North America Absorption Chillers Market Outlook, 2019 - 2032
    4.1. North America Absorption Chillers Market Outlook, by Power Source, Value (US$ Mn), 2019-2032
       4.1.1. Direct Fired
       4.1.2. Hot Water Heated
       4.1.3. Steam Heated
       4.1.4. Gaseous Fuel Powered
    4.2. North America Absorption Chillers Market Outlook, by Application, Value (US$ Mn), 2019-2032
       4.2.1. Industrial
       4.2.2. Non-industrial
    4.3. North America Absorption Chillers Market Outlook, by Absorber Type, Value (US$ Mn), 2019-2032
       4.3.1. Ammonia
       4.3.2. Lithium Bromide
    4.4. North America Absorption Chillers Market Outlook, by Technology, Value (US$ Mn), 2019-2032
       4.4.1. Single Stage
       4.4.2. Double Stage
    4.5. North America Absorption Chillers Market Outlook, by Country, Value (US$ Mn), 2019-2032
       4.5.1. U.S. Absorption Chillers Market Outlook, by Power Source , 2019-2032
       4.5.2. U.S. Absorption Chillers Market Outlook, by Application, 2019-2032
       4.5.3. U.S. Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       4.5.4. U.S. Absorption Chillers Market Outlook, by Technology, 2019-2032
       4.5.5. Canada Absorption Chillers Market Outlook, by Power Source, 2019-2032
       4.5.6. Canada Absorption Chillers Market Outlook, by Application, 2019-2032
       4.5.7. Canada Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       4.5.8. Canada Absorption Chillers Market Outlook, by Technology, 2019-2032
    4.6. BPS Analysis/Market Attractiveness Analysis


5. Europe Absorption Chillers Market Outlook, 2019 - 2032
    5.1. Europe Absorption Chillers Market Outlook, by Power Source, Value (US$ Mn), 2019-2032
       5.1.1. Direct Fired
       5.1.2. Hot Water Heated
       5.1.3. Steam Heated
       5.1.4. Gaseous Fuel Powered
    5.2. Europe Absorption Chillers Market Outlook, by Application, Value (US$ Mn), 2019-2032
       5.2.1. Industrial
       5.2.2. Non-industrial
    5.3. Europe Absorption Chillers Market Outlook, by Absorber Type, Value (US$ Mn), 2019-2032
       5.3.1. Ammonia
       5.3.2. Lithium Bromide
    5.4. Europe Absorption Chillers Market Outlook, by Technology, Value (US$ Mn), 2019-2032
       5.4.1. Single Stage
       5.4.2. Double Stage
    5.5. Europe Absorption Chillers Market Outlook, by Country, Value (US$ Mn), 2019-2032
       5.5.1. Germany Absorption Chillers Market Outlook, by Power Source, 2019-2032
       5.5.2. Germany Absorption Chillers Market Outlook, by Application, 2019-2032
       5.5.3. Germany Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       5.5.4. Germany Absorption Chillers Market Outlook, by Technology, 2019-2032
       5.5.5. Italy Absorption Chillers Market Outlook, by Power Source, 2019-2032
       5.5.6. Italy Absorption Chillers Market Outlook, by Application, 2019-2032
       5.5.7. Italy Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       5.5.8. Italy Absorption Chillers Market Outlook, by Technology, 2019-2032
       5.5.9. France Absorption Chillers Market Outlook, by Power Source, 2019-2032
       5.5.10. France Absorption Chillers Market Outlook, by Application, 2019-2032
       5.5.11. France Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       5.5.12. France Absorption Chillers Market Outlook, by Technology, 2019-2032
       5.5.13. U.K. Absorption Chillers Market Outlook, by Power Source, 2019-2032
       5.5.14. U.K. Absorption Chillers Market Outlook, by Application, 2019-2032
       5.5.15. U.K. Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       5.5.16. U.K. Absorption Chillers Market Outlook, by Technology, 2019-2032
       5.5.17. Spain Absorption Chillers Market Outlook, by Power Source, 2019-2032
       5.5.18. Spain Absorption Chillers Market Outlook, by Application, 2019-2032
       5.5.19. Spain Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       5.5.20. Spain Absorption Chillers Market Outlook, by Technology, 2019-2032
       5.5.21. Russia Absorption Chillers Market Outlook, by Power Source, 2019-2032
       5.5.22. Russia Absorption Chillers Market Outlook, by Application, 2019-2032
       5.5.23. Russia Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       5.5.24. Russia Absorption Chillers Market Outlook, by Technology, 2019-2032
       5.5.25. Rest of Europe Absorption Chillers Market Outlook, by Power Source, 2019-2032
       5.5.26. Rest of Europe Absorption Chillers Market Outlook, by Application, 2019-2032
       5.5.27. Rest of Europe Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       5.5.28. Rest of Europe Absorption Chillers Market Outlook, by Technology, 2019-2032
    5.6. BPS Analysis/Market Attractiveness Analysis


6. Asia Pacific Absorption Chillers Market Outlook, 2019 - 2032
    6.1. Asia Pacific Absorption Chillers Market Outlook, by Power Source, Value (US$ Mn), 2019-2032
       6.1.1. Direct Fired
       6.1.2. Hot Water Heated
       6.1.3. Steam Heated
       6.1.4. Gaseous Fuel Powered
    6.2. Asia Pacific Absorption Chillers Market Outlook, by Application, Value (US$ Mn), 2019-2032
       6.2.1. Industrial
       6.2.2. Non-industrial
    6.3. Asia Pacific Absorption Chillers Market Outlook, by Absorber Type, Value (US$ Mn), 2019-2032
       6.3.1. Ammonia
       6.3.2. Lithium Bromide
    6.4. Asia Pacific Absorption Chillers Market Outlook, by Technology, Value (US$ Mn), 2019-2032
       6.4.1. Single Stage
       6.4.2. Double Stage
    6.5. Asia Pacific Absorption Chillers Market Outlook, by Country, Value (US$ Mn), 2019-2032
       6.5.1. China Absorption Chillers Market Outlook, by Power Source, 2019-2032
       6.5.2. China Absorption Chillers Market Outlook, by Application, 2019-2032
       6.5.3. China Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       6.5.4. China Absorption Chillers Market Outlook, by Technology, 2019-2032
       6.5.5. Japan Absorption Chillers Market Outlook, by Power Source, 2019-2032
       6.5.6. Japan Absorption Chillers Market Outlook, by Application, 2019-2032
       6.5.7. Japan Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       6.5.8. Japan Absorption Chillers Market Outlook, by Technology, 2019-2032
       6.5.9. South Korea Absorption Chillers Market Outlook, by Power Source, 2019-2032
       6.5.10. South Korea Absorption Chillers Market Outlook, by Application, 2019-2032
       6.5.11. South Korea Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       6.5.12. South Korea Absorption Chillers Market Outlook, by Technology, 2019-2032
       6.5.13. India Absorption Chillers Market Outlook, by Power Source, 2019-2032
       6.5.14. India Absorption Chillers Market Outlook, by Application, 2019-2032
       6.5.15. India Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       6.5.16. India Absorption Chillers Market Outlook, by Technology, 2019-2032
       6.5.17. Southeast Asia Absorption Chillers Market Outlook, by Power Source, 2019-2032
       6.5.18. Southeast Asia Absorption Chillers Market Outlook, by Application, 2019-2032
       6.5.19. Southeast Asia Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       6.5.20. Southeast Asia Absorption Chillers Market Outlook, by Technology, 2019-2032
       6.5.21. Rest of SAO Absorption Chillers Market Outlook, by Power Source, 2019-2032
       6.5.22. Rest of SAO Absorption Chillers Market Outlook, by Application, 2019-2032
       6.5.23. Rest of SAO Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       6.5.24. Rest of SAO Absorption Chillers Market Outlook, by Technology, 2019-2032
    6.6. BPS Analysis/Market Attractiveness Analysis


7. Latin America Absorption Chillers Market Outlook, 2019 - 2032
    7.1. Latin America Absorption Chillers Market Outlook, by Power Source, Value (US$ Mn), 2019-2032
       7.1.1. Direct Fired
       7.1.2. Hot Water Heated
       7.1.3. Steam Heated
       7.1.4. Gaseous Fuel Powered
    7.2. Latin America Absorption Chillers Market Outlook, by Application, Value (US$ Mn), 2019-2032
       7.2.1. Industrial
       7.2.2. Non-industrial
    7.3. Latin America Absorption Chillers Market Outlook, by Absorber Type, Value (US$ Mn), 2019-2032
       7.3.1. Ammonia
       7.3.2. Lithium Bromide
    7.4. Latin America Absorption Chillers Market Outlook, by Technology, Value (US$ Mn), 2019-2032
       7.4.1. Single Stage
       7.4.2. Double Stage
    7.5. Latin America Absorption Chillers Market Outlook, by Country, Value (US$ Mn), 2019-2032
       7.5.1. Brazil Absorption Chillers Market Outlook, by Power Source, 2019-2032
       7.5.2. Brazil Absorption Chillers Market Outlook, by Application, 2019-2032
       7.5.3. Brazil Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       7.5.4. Brazil Absorption Chillers Market Outlook, by Technology, 2019-2032
       7.5.5. Mexico Absorption Chillers Market Outlook, by Power Source, 2019-2032
       7.5.6. Mexico Absorption Chillers Market Outlook, by Application, 2019-2032
       7.5.7. Mexico Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       7.5.8. Mexico Absorption Chillers Market Outlook, by Technology, 2019-2032
       7.5.9. Argentina Absorption Chillers Market Outlook, by Power Source, 2019-2032
       7.5.10. Argentina Absorption Chillers Market Outlook, by Application, 2019-2032
       7.5.11. Argentina Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       7.5.12. Argentina Absorption Chillers Market Outlook, by Technology, 2019-2032
       7.5.13. Rest of LATAM Absorption Chillers Market Outlook, by Power Source, 2019-2032
       7.5.14. Rest of LATAM Absorption Chillers Market Outlook, by Application, 2019-2032
       7.5.15. Rest of LATAM Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       7.5.16. Rest of LATAM Absorption Chillers Market Outlook, by Technology, 2019-2032
    7.6. BPS Analysis/Market Attractiveness Analysis


8. Middle East & Africa Absorption Chillers Market Outlook, 2019 - 2032
    8.1. Middle East & Africa Absorption Chillers Market Outlook, by Power Source, Value (US$ Mn), 2019-2032
       8.1.1. Direct Fired
       8.1.2. Hot Water Heated
       8.1.3. Steam Heated
       8.1.4. Gaseous Fuel Powered
    8.2. Middle East & Africa Absorption Chillers Market Outlook, by Application, Value (US$ Mn), 2019-2032
       8.2.1. Industrial
       8.2.2. Non-industrial
    8.3. Middle East & Africa Absorption Chillers Market Outlook, by Absorber Type, Value (US$ Mn), 2019-2032
       8.3.1. Ammonia
       8.3.2. Lithium Bromide
    8.4. Middle East & Africa Absorption Chillers Market Outlook, by Technology, Value (US$ Mn), 2019-2032
       8.4.1. Single Stage
       8.4.2. Double Stage
    8.5. Middle East & Africa Absorption Chillers Market Outlook, by Country, Value (US$ Mn), 2019-2032
       8.5.1. GCC Absorption Chillers Market Outlook, by Power Source, 2019-2032
       8.5.2. GCC Absorption Chillers Market Outlook, by Application, 2019-2032
       8.5.3. GCC Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       8.5.4. GCC Absorption Chillers Market Outlook, by Technology, 2019-2032
       8.5.5. South Africa Absorption Chillers Market Outlook, by Power Source, 2019-2032
       8.5.6. South Africa Absorption Chillers Market Outlook, by Application, 2019-2032
       8.5.7. South Africa Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       8.5.8. South Africa Absorption Chillers Market Outlook, by Technology, 2019-2032
       8.5.9. Egypt Absorption Chillers Market Outlook, by Power Source, 2019-2032
       8.5.10. Egypt Absorption Chillers Market Outlook, by Application, 2019-2032
       8.5.11. Egypt Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       8.5.12. Egypt Absorption Chillers Market Outlook, by Technology, 2019-2032
       8.5.13. Nigeria Absorption Chillers Market Outlook, by Power Source, 2019-2032
       8.5.14. Nigeria Absorption Chillers Market Outlook, by Application, 2019-2032
       8.5.15. Nigeria Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       8.5.16. Nigeria Absorption Chillers Market Outlook, by Technology, 2019-2032
       8.5.17. Rest of Middle East Absorption Chillers Market Outlook, by Power Source, 2019-2032
       8.5.18. Rest of Middle East Absorption Chillers Market Outlook, by Application, 2019-2032
       8.5.19. Rest of Middle East Absorption Chillers Market Outlook, by Absorber Type, 2019-2032
       8.5.20. Rest of Middle East Absorption Chillers Market Outlook, by Technology, 2019-2032
    8.6. BPS Analysis/Market Attractiveness Analysis


9. Competitive Landscape
    9.1. Company Vs Segment Heatmap
    9.2. Company Market Share Analysis, 2024
    9.3. Competitive Dashboard
    9.4. Company Profiles
       9.4.1. Daikin Industries
          9.4.1.1. Company Overview
          9.4.1.2. Product Portfolio
          9.4.1.3. Financial Overview
          9.4.1.4. Business Strategies and Developments
       9.4.2. BROAD Group
          9.4.2.1. Company Overview
          9.4.2.2. Product Portfolio
          9.4.2.3. Financial Overview
          9.4.2.4. Business Strategies and Developments
       9.4.3. Carrier Corporation
          9.4.3.1. Company Overview
          9.4.3.2. Product Portfolio
          9.4.3.3. Financial Overview
          9.4.3.4. Business Strategies and Developments
       9.4.4. Hope Deepblue Air Conditioning Manufacture Corp., Ltd.
          9.4.4.1. Company Overview
          9.4.4.2. Product Portfolio
          9.4.4.3. Financial Overview
          9.4.4.4. Business Strategies and Developments
       9.4.5. Robur S.p.A.
          9.4.5.1. Company Overview
          9.4.5.2. Product Portfolio
          9.4.5.3. Financial Overview
          9.4.5.4. Business Strategies and Developments
       9.4.6. Hyundai Climate Control Co. Ltd.
          9.4.6.1. Company Overview
          9.4.6.2. Product Portfolio
          9.4.6.3. Financial Overview
          9.4.6.4. Business Strategies and Developments
       9.4.7. Trane Inc. (YORK / Trane Technologies)
          9.4.7.1. Company Overview
          9.4.7.2. Product Portfolio
          9.4.7.3. Financial Overview
          9.4.7.4. Business Strategies and Developments
       9.4.8. Colibri B.V.
          9.4.8.1. Company Overview
          9.4.8.2. Product Portfolio
          9.4.8.3. Financial Overview
          9.4.8.4. Business Strategies and Developments
       9.4.9. LG Electronics
          9.4.9.1. Company Overview
          9.4.9.2. Product Portfolio
          9.4.9.3. Financial Overview
          9.4.9.4. Business Strategies and Developments
       9.4.10. Yazaki Corporation
          9.4.10.1. Company Overview
          9.4.10.2. Product Portfolio
          9.4.10.3. Financial Overview
          9.4.10.4. Business Strategies and Developments


10. Appendix
      10.1. Research Methodology
      10.2. Report Assumptions
      10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2024

 

2019 - 2024

2025 - 2032

Value: US$ Billion

 

REPORT FEATURES

DETAILS

Power Source Coverage

  • Direct Fired
  • Hot Water Heated
  • Steam Heated
  • Gaseous Fuel Powered

Application Coverage 

  • Industrial
  • Non-industrial

Absorber Type Coverage 

  • Ammonia
  • Lithium Bromide

Technology Coverage 

  • Single Stage
  • Double Stage

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • The Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • Daikin Industries
  • BROAD Group
  • Carrier Corporation
  • Hope Deepblue Air Conditioning Manufacture Corp., Ltd.
  • Robur S.p.A.
  • Hyundai Climate Control Co. Ltd.
  • Trane Inc. (YORK / Trane Technologies)
  • Colibri B.V.
  • LG Electronics
  • Yazaki Corporation
  • Shuangliang Eco-Energy Systems Co. Ltd.
  • Johnson Controls–Hitachi
  • Thermax Limited
  • EAW Energieanlagenbau GmbH
  • Kawasaki Thermal Engineering Co., Ltd.

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2024), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Absorption Chillers Market

The absorption chillers market size is US$ 2.1 Bn in 2025.

The absorption chillers market is projected at a 4.7% CAGR by 2032.

The absorption chillers market growth drivers include rising demand for energy-efficient cooling, stringent environmental regulations, and rapid urbanization.

North America is a dominating region for the absorption chillers market.

Daikin Industries, BROAD Group, Carrier Corporation, Trane Inc., and Johnson Controls–Hitachi are some leading industry players in the absorption chillers market.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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