Absorption Chiller Market
Absorption Chiller Market Study by Direct Fired, Hot Water Heated, Steam Heated, and Gaseous Fuel Powered for Residential, Commercial, and Industrial Use from 2024 to 2034
Analysis of Absorption Chiller Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Absorption Chiller Market Outlook (2024 to 2034)
Global absorption chiller market revenue is projected to reach US$ 1.69 billion in 2024. The market has been forecasted to increase to a value of US$ 2.64 billion by the end of 2034, expanding at a CAGR of 4.6% over the next ten years (2024 to 2034).
The market for absorption chillers is being driven by rising industrialization and urbanization, especially in developing countries. Reliability and efficiency in cooling systems are in high demand as cities are expanding and industrial activities are rising. To guarantee operational effectiveness and product quality, the chemical, pharmaceutical, and food and beverages industries as well as large commercial buildings all need dependable cooling systems. In these industries, absorption chillers are particularly desirable because they provide reliable cooling even in locations with erratic electrical supplies.
Key Market Growth Drivers
- Absorption chillers are deployed in industries such as chemicals, food & beverages, petroleum, power, and pulp & paper, as well as data centers and commercial buildings to regulate temperature and ensure efficiency in operations.
- Demand for affordable cooling options is growing, which is contributing to the expansion of the absorption chiller market size. Absorption chillers are preferred for their low maintenance and operating costs, silent and vibration-free operation, and other beneficial features.
- Use of absorption chillers in the petrochemical industry, in particular, is rising fast.
- Since absorption chillers are more ecologically friendly than traditional vapor compressors due to fewer pollutant and hazardous gas emissions, rigorous regulations governing cooling solutions are another key driver for absorption chiller market growth.
- Absorption chiller manufacturers are looking to invest in developing countries as they present a wealth of opportunities for the manufacturing sector.
| Report Attribute | Detail |
|---|---|
| Absorption Chiller Market Size (2024E) | US$ 1.69 Billion |
| Projected Market Value (2034F) | US$ 2.64 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.6% CAGR |
| East Asia Market Share (2024E) | 26.9% |
| North America Market Share (2024E) | 32.4% |
| Sales of Hot Water Heated Absorption Chillers (2034F) | US$ 552.6 Million |
| Commercial Usage Segment Value (2034F) | US$ 1.48 Billion |
| Key Companies Profiled | Robur Corporation; Trane, Inc.; Carrier Corporation; LG Electronics, Inc.; Thermax Limited; Shuangliang Eco-Energy Systems Co. Ltd.; Kawasaki Thermal Engineering Co., Ltd.; Hyundai Climate Control Co. Ltd; Yazaki Corporation; World Energy; BROAD Group; EAW Energieanlagenbau GmbH; Colibri BV; Johnson Controls; Hitachi Air Conditioning; Helioclim; MultiChill Technologies Inc.; Kirloskar Pneumatic Company Ltd.; Century Corporation. |
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Which Industries Extensively Use Absorption Chillers?
“Extensive Use in Food & Beverages, Pharmaceuticals, Power Plants, and Petrochemicals”
Industries such as food and beverages, pharmaceuticals, power plants, petrochemicals, and metal fabrication extensively use absorption chillers. In power plants and petrochemical industries, high-temperature processes utilize steam, hot water, and other energy sources ideal for absorption chillers. Furthermore, the excessive heat generated by industrial machinery during these processes requires cooling to ensure the machinery's longevity, thus driving the demand for industrial chillers, including absorption chillers.
- Governments worldwide, particularly in developing countries, provide financial assistance and policy support to establish and expand the domestic industrial sector. For example, in October 2022, Argentina launched the Argentine Credit Program, a US$ 3.2 billion scheme to help SMEs and large industrial and agro-industrial companies grow, attract investments, and replace imports. This support increases the number of industrial facilities, creating market opportunities for absorption chillers.
What are the Challenges Faced by Manufacturers of Absorption Chillers?
“High Installation Cost and Maintenance Complexities”
The popularity of absorption chillers has increased significantly over the years. However, their high installation costs and maintenance complexities previously limited their usage to large industrial facilities with waste heat sources. These expenses are a key challenge to market expansion. The high cost of these chillers makes it difficult for businesses, especially small ones, to invest in them.
Maintaining cooling solutions such as absorption chillers is complex and costly, requiring specialized skills and regular attention, which is particularly challenging for industries where downtime results in significant financial losses. The global absorption chiller industry is restricted by higher initial installation costs. Additionally, the development of the industry is hindered by two main factors: increasing electricity rates and power shortages.
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Country-wise Insights
North America is expected to hold a global absorption chiller market share of 32.4% in 2024. Given the significant growth in the use of absorption chillers in the food processing and petroleum industries, North America is a highly profitable region for absorption chiller manufacturers. Increasing use of environmentally friendly cooling equipment in a range of end-use industries, including plastics, rubber, chemicals & petrochemicals, and medical & pharmaceutical, is driving up demand for absorption chillers in North America. East Asia is expected to hold a market share of 26.9% in 2024. The steady demand from the frozen food industry is also projected to fuel the growth of the European absorption chiller market.
Why is There Significant Demand for Absorption Chillers in the United States?
“Government Supporting Use of Absorption Chillers by Incentivizing Them”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 427.2 Million |
| Growth Rate (2024 to 2034) | 4.4% CAGR |
| Projected Value (2034F) | US$ 656 Million |
The United States is expected to account for 78.2% of the North American market in 2024. The country has a diverse industrial landscape, which includes manufacturing, technology, and services. This diversity creates demand for cooling solutions in various areas, such as non-industrial and industrial processes. Absorption chillers are a popular choice for these applications because they align with the energy efficiency and environmental sustainability goals that are highly valued in the United States market.
The government is providing incentives and regulations to promote energy-efficient cooling systems, which is a key absorption chiller market trend. Consequently, the United States is leading in the adoption of advanced and sustainable cooling technologies and has a decent market share in the absorption chillers industry.
Why is China an Attractive Market for Absorption Chiller Manufacturers?
“Rising Demand for Absorption Chillers in Pharmaceutical Industry”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 211.8 Million |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 332.2 Million |
Industrial growth in China is boosting demand for efficient cooling systems in various sectors. As these countries face environmental challenges, they are prioritizing energy efficiency and sustainability. Absorption chillers are a greener alternative. The need for energy-efficient cooling solutions is a significant contributor to absorption chiller market growth.
Due to supportive government policies and growing populations, pharmaceutical production has surged in China. Due to their susceptibility to bacterial and pathogen infestation, the products produced by these industries must be kept in cold storage. Absorption chillers are thus used in these industries for cold storage maintenance and, more crucially, for cooling machinery.
Category-wise Insights
The market for absorption chillers is categorized into direct-fired, hot water heated, steam heated, and gaseous fuel-powered, of which the first one is estimated to account for 35.3% market share in 2024. Meanwhile, steam-heated absorption chillers are expected to hold 24.4% share in 2024. In terms of their end use, the market is segmented into residential, commercial, and industrial. Commercial absorption chillers come in two varieties: single-stage and double-stage models. A single generator and a condenser are used in a one-stage system. Double-stage technology is likely to be replaced, as absorption chillers with COP values as high as 1.8 are available in the market.
Which Type of Absorption Chiller is Most Widely Preferred for Use?
“Preference for Direct Fuel-Fired Double-Effect Machines”
| Attribute | Direct Fired Absorption Chillers |
|---|---|
| Segment Value (2024E) | US$ 595.2 Million |
| Growth Rate (2024 to 2034) | 4.5% CAGR |
| Projected Value (2034F) | US$ 928 Million |
Direct fuel-fired double-effect machines have a furnace as an integral part of the high-temperature generator, where a variety of liquid or gaseous fuels can be fired to drive the absorption machine. Natural gas, liquid petroleum gas (LPG), compressed natural gas (CNG), propane, kerosene, and biogas & high-speed diesel (HSD).
Why are Manufacturers Focusing More on Industrial Absorption Chillers?
“Extensive Industrial Application of Absorption Chillers Due to Their Energy-efficiency Benefit”
| Attribute | Industrial Chillers |
|---|---|
| Segment Value (2024E) | US$ 467.1 Million |
| Growth Rate (2024 to 2034) | 4.7% CAGR |
| Projected Value (2034F) | US$ 737.6 Million |
Industrial chillers are set to occupy a market share of 27.7% in 2024. Demand for efficient cooling systems and industrial refrigeration equipment has been on the rise due to the expanding industrial sector. Absorption chillers have emerged as a popular choice among various industries because of their versatility and effectiveness in meeting the cooling needs of different industrial applications.
Not only do absorption chillers aid in energy efficiency and absorption cooling, but they also contribute to environmental responsibility. Absorption chillers operate using a process that involves the absorption of refrigerant vapor into a solution and circulated to a generator where heat is applied to release the refrigerant vapor. This process has proven to be highly efficient and reliable in a variety of commercial cooling applications and has numerous benefits.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the absorption chiller industry are focusing on developing better absorption chillers that save cost and time for industrial and non-industrial applications. They are using advanced raw materials and employing expert engineers to improve the quality of their products.
- Johnson Controls, Inc. creates and manufactures standard and customized air-handling systems, rooftop systems, and sustainable environments, as well as lead-acid and lithium-ion batteries, building efficiency and technology solutions, and HVAC equipment like absorption chillers. They also provide training, maintenance, leasing, and repairs.
- Carrier Corporation manufactures commercial refrigeration systems. Refrigeration systems consist of air-cooled condensing units, absorption chillers, air-cooled gas coolers, compressor racks, multi-rack compressors, heating systems, and heat exchangers. Their applications include cash and carry, supermarkets, hypermarkets, discount stores, persuade stores, small merchants, and distribution centers.
Fact.MR provides detailed information about the price points of leading manufacturers of absorption chillers positioned across the world, sales growth, production capacity, and technological advancements, in this updated market report.
Segmentation of Absorption Chiller Market Research
-
By Power Source :
- Direct Fired
- Hot Water Heated
- Steam Heated
- Gaseous Fuel Powered
-
By Absorber Type :
- Lithium Bromide
- Ammonia
-
By Technology :
- Single Stage
- Double Stage
-
By End Use :
- Residential
- Commercial
- Industrial
-
By Region :
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Power Source
- 6.2. Absorber Type
- 6.3. Technology
- 6.4. End Use
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Power Source
- 7.1. Direct Fired
- 7.2. Hot Water Heated
- 7.3. Steam Heated
- 7.4. Gaseous Fuel Powered
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Absorber Type
- 8.1. Lithium Bromide
- 8.2. Ammonia
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Technology
- 9.1. Single Stage
- 9.2. Double Stage
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 10.1. Residential
- 10.2. Commercial
- 10.3. Industrial
- 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. Middle East & Africa
- 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 19. Sales Forecast 2024 to 2034 by Power Source, Absorber Type, Technology, End Use, and Region for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Robur Corporation
- 21.2. Trane, Inc.
- 21.3. Carrier Corporation
- 21.4. LG Electronics, Inc.
- 21.5. Thermax Limited
- 21.6. Shuangliang Eco-Energy Systems Co. Ltd.
- 21.7. Kawasaki Thermal Engineering Co., Ltd.
- 21.8. Hyundai Climate Control Co. Ltd
- 21.9. Yazaki Corporation
- 21.10. World Energy
- 21.11. BROAD Group
- 21.12. EAW Energieanlagenbau GmbH
- 21.13. Colibri BV
- 21.14. Johnson Controls
- 21.15. Hitachi Air Conditioning
- 21.16. Helioclim
- 21.17. MultiChill Technologies Inc.
- 21.18. Kirloskar Pneumatic Company Ltd.
- 21.19. Century Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Power Source, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Absorber Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Absorber Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Absorber Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Power Source, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Absorber Type, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Absorber Type, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Absorber Type, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Power Source, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Absorber Type, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Absorber Type, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Absorber Type, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Power Source, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Absorber Type, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Absorber Type, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Absorber Type, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Power Source, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Absorber Type, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Absorber Type, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Absorber Type, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Power Source, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Absorber Type, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Absorber Type, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Absorber Type, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Power Source, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Absorber Type, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Absorber Type, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Absorber Type, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Power Source, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Absorber Type, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Absorber Type, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Absorber Type, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Power Source, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Power Source, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Absorber Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Absorber Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Absorber Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Power Source, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Power Source, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Absorber Type, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Absorber Type, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Absorber Type, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Power Source, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Power Source, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Absorber Type, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Absorber Type, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Absorber Type, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Power Source, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Power Source, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Absorber Type, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Absorber Type, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Absorber Type, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Power Source, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Power Source, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Absorber Type, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Absorber Type, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Absorber Type, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Power Source, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Power Source, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Absorber Type, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Absorber Type, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Absorber Type, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Power Source, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Power Source, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Absorber Type, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Absorber Type, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Absorber Type, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Power Source, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Power Source, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Absorber Type, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Absorber Type, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Absorber Type, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
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- FAQs -
How big is the absorption chiller market in 2024?
Worldwide sales of absorption chillers are estimated to reach US$ 1.69 billion in 2024.
What are the demand growth projections for absorption chillers?
The global absorption chiller market is forecasted to expand at a CAGR of 4.6% to reach US$ 2.64 billion by 2034.
At what rate is the market projected to expand in the United States?
The market in the United States is forecasted to advance at 4.4% CAGR between 2024 and 2034.
What is the projected market size for absorption chillers in Japan?
The market in Japan is forecasted to reach US$ 190.6 million by the end of 2034.
How much market share does the commercial end-use industry account for?
Commercial end users are expected to account for 55.9% of the global market share by 2034.
What is the share of East Asia in the global market?
East Asia is forecasted to hold a market share of 26.9% in 2024.
Who are the key manufacturers of absorption chillers?
Kawasaki Thermal Engineering Co., Ltd., Hyundai Climate Control Co. Ltd, and Yazaki Corporation are some of the leading manufacturers of absorption chillers.
Absorption Chiller Market