Absorption Chiller Market Size, Trends, Shares, and Forecast - 2031
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: Absorption Chiller Market covers analysis By Technology (Single-stage, Double-stage); Absorber Type (Lithium Bromide, Ammonia); Power Source (Direct Fired, Indirect Fired, Water Driven); Application (Industrial , Commercial , Residential) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Sep 2025
- Report Code : TIPTE100000490
- Category : Electronics and Semiconductor
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
MARKET OVERVIEW
Absorption chiller is a device used to produce chilled water with the help of heat energy instead using an electrical source used in conventional chilling devices. The device primarily finds application across industries having a lot of waste heat or solar energy to produce. Installing an absorption chiller may lead to significant cost savings in big hotels, large corporate offices, big sports stadium and major industries requiring chilled water or cooling environment.
MARKET SCOPE
The "Global Absorption Chiller Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the absorption chiller market with detailed market segmentation by technology, absorber type, power source, application, and geography. The report provides key statistics on the market status of the leading absorption chiller market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology, the global absorption chiller market is segmented into single-stage and double-stage.
- On the basis of absorber type, the market is segmented into lithium bromide and ammonia.
- Based on power source, the market is segmented into direct fired, indirect fired, and water driven.
- Based on application, the market is segmented into industrial, commercial, and residential.
MARKET DYNAMICS
Drivers:
- Increasing demand for renewable sources of energy where the primary source of energy can be utilized in an effective way is primarily driving the growth of the global absorption chiller.
- Government push towards utilization of eco-friendly energy producing equipments is expected to increase the adoption in the near future.
Restraints:
- High initial cost of installation may hinder the growth of the absorption chiller market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The absorption chiller market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the absorption chiller market in these regions.
IMPACT OF COVID-19 ON ABSORPTION CHILLER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the absorption chiller market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from absorption chiller market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the absorption chiller market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Thermax Ltd.
- Kirloskar Brothers Limited
- Century Corporation
- Carrier Corporation
- Coolair
- LG
- Trane Inc.
- Johnson Controls Inc.
- Hitachi
- Yazaki Energy Systems Inc.
Absorption Chiller Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | XX% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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1. Thermax Ltd.
2. Kirloskar Brothers Limited
3. Century Corporation
4. Carrier Corporation
5. Coolair
6. LG
7. Trane Inc.
8. Johnson Controls Inc.
9. Hitachi
10. Yazaki Energy Systems Inc.
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