Absorption Chillers Market - Global 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)

Description

The global Absorption Chillers Market is projected to be valued at USD 2.1 billion in 2025 and is anticipated to reach USD 2.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.7% during the forecast period. The growing emphasis on energy efficiency, sustainable cooling solutions, and renewable-powered systems is redefining the cooling industry landscape. Absorption chillers, known for their ability to utilize waste heat or renewable thermal energy sources, are increasingly being adopted in industrial, commercial, and institutional settings worldwide.

Market Insights

The absorption chillers industry is experiencing robust growth due to the rising need for low-carbon cooling technologies across manufacturing, data centers, and large commercial infrastructures. Unlike traditional vapor compression systems, absorption chillers operate without electricity-driven compressors, instead relying on heat energy-making them suitable for cogeneration and tri-generation setups. The shift toward environmentally conscious HVAC systems, supported by government energy efficiency programs and stricter carbon emission norms, is fostering strong market adoption globally.

Moreover, increasing waste heat recovery installations in petrochemical and power plants are boosting market demand. Organizations are integrating absorption chillers into combined heat and power (CHP) systems to improve overall energy efficiency by 30-40%, significantly reducing operational costs and emissions.

Market Drivers

1. Energy Efficiency Regulations:

Global regulatory frameworks advocating energy-efficient and low-emission solutions are major catalysts. Initiatives such as the EU Energy Efficiency Directive and Asia's green building mandates are promoting the use of absorption-based cooling systems.

2. Integration with Renewable and Waste Heat Sources:

Growing adoption of renewable energy and industrial waste heat recovery enhances the competitiveness of absorption chillers. Facilities utilizing biomass boilers, solar thermal systems, and industrial waste gases benefit from reduced dependence on grid electricity.

3. Industrial Decarbonization Initiatives:

The rise of ESG-focused industrial operations and net-zero emission targets are encouraging industries to replace traditional chillers with environmentally sustainable alternatives. The use of lithium bromide and ammonia-based systems aligns with clean energy transition goals.

4. Expanding Commercial Infrastructure:

Increasing construction of smart buildings, shopping complexes, and hospitality facilities in Asia Pacific, Europe, and the Middle East supports growing adoption of absorption chillers for central cooling applications.

Business Opportunity

The transition to low-GWP (Global Warming Potential) refrigerants and the widespread adoption of green hydrogen and biomass-fired boilers present significant opportunities for absorption chiller manufacturers. Integration of digital monitoring systems and IoT-enabled predictive maintenance solutions is also transforming performance optimization. Emerging markets in Southeast Asia, Latin America, and the Middle East are expected to witness accelerated growth, driven by large-scale infrastructure and industrial expansion.

Manufacturers are focusing on developing modular and compact absorption chiller systems that offer flexible installation and maintenance advantages. Strategic collaborations between HVAC companies and energy service providers are paving the way for turnkey energy-efficient cooling solutions across diverse industries such as food processing, pharmaceuticals, and automotive manufacturing.

Regional Analysis

North America:

North America maintains a strong position due to supportive government policies promoting energy-efficient HVAC systems. The U.S. leads regional adoption through industrial retrofitting projects and federal funding for energy conservation.

Europe:

Europe remains a frontrunner in sustainable cooling, driven by the EU Green Deal, carbon reduction targets, and expansion of district energy networks. Countries such as Germany, France, and Italy are investing in hybrid absorption systems utilizing solar and geothermal energy.

Asia Pacific:

Asia Pacific holds a dominant market share, led by China, Japan, India, and South Korea. Rapid urbanization, industrialization, and initiatives toward net-zero cooling solutions are propelling market expansion. Manufacturers such as BROAD Group and Thermax are leveraging local manufacturing bases to meet growing demand.

Latin America:

The Latin American market is gaining traction through industrial modernization and the integration of renewable-based cooling technologies, particularly in Brazil and Mexico.

Middle East & Africa:

The MEA region is emerging as a high-growth frontier, with investments in smart city projects and district cooling networks driving the adoption of high-capacity absorption chillers. Saudi Arabia and the UAE are prioritizing absorption technology for sustainable infrastructure.

Key Players

Prominent companies shaping the global Absorption Chillers Market include:

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.

These companies emphasize product innovation, integration of digital controls, and sustainable manufacturing processes to enhance performance, efficiency, and reliability across industrial and commercial applications.

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