Absorption Chillers Market is Dazzling Worldwide and Forecast to 2030

Absorption chillers market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). The growing adoption of district cooling coupled with the improving network is the key factor supporting the growth of the market globally. Advanced district-cooling networks can pair heating and cooling services to increase the net efficiency and flexibility of the entire energy system. According to the International Energy Agency (IEA), district-cooling networks exist in a range of climates and countries such as Finland, Spain, China, and others. Qatar has the global largest district-cooling system, comprising 3 cooling plants covering the West Bay and the Pearl-Qatar districts in Doha with a combined capacity of 197,000 tons of refrigeration (690 megawatts [MW]) and a 4th plant under construction.

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Based on the power source, the market is sub-segmented into direct-fired, indirect-fired, and water-driven. Further, on the basis of application, the market is sub-segmented into chemicals, food & beverages, power, paper & pulp, power & energy, and others (petroleum). The lithium bromide subcategory is expected to capture a significant portion of the market share within the absorber type segment. This is attributed to the utilization of lithium bromide as the absorbent in absorption chillers, which employ a chemical refrigeration cycle.

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  • Market Coverage

  • Market number available for – 2024-2031

  • Base year- 2024

  • Forecast period- 2024-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Global Absorption Chillers Market Report Segment

By Technology

  • Single Stage

  • Double Stage


By Absorber Type

  • Lithium Bromide

  • Ammonia


By Power Source

  • Direct Fired

  • Indirect Fired

  • Water Driven


By Application

  • Chemicals

  • Food & Beverages

  • Power

  • Paper & Pulp

  • Power & Energy

  • Others (Petroleum)


Global Absorption Chillers Market Report Segment by Region

North America

  • United States

  • copyright


Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe


Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific


Rest of the World

  • Latin America

  • Middle East & Africa


The Report Covers

  • Market value data analysis of 2022 and forecast to 2030.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global absorption chillers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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