Absorption Chillers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032

Description

Persistence Market Research has recently released a comprehensive report on the global absorption chillers market. The report offers an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges, providing valuable insights into the market structure. This research publication presents exclusive data and forecasts the growth trajectory of the global absorption chillers market from 2025 to 2032.

Key Insights:

Absorption Chillers Market Size (2025E): USD 1.76 Billion
Projected Market Value (2032F): USD 2.46 Billion
Global Market Growth Rate (CAGR 2025 to 2032): 4.5%

Absorption Chillers Market - Report Scope:

Absorption chillers are cooling systems that use heat energy, instead of electricity, to drive the refrigeration process. These chillers typically use a heat source, such as natural gas, steam, or solar energy, to produce a cooling effect in various applications, including commercial and industrial cooling, district cooling systems, and process cooling in industries like pharmaceuticals, food processing, and chemicals.

The global absorption chillers market is expected to grow due to factors such as the rising demand for energy-efficient cooling systems, the increasing adoption of renewable energy sources, and the need for sustainable, eco-friendly alternatives to traditional electric chillers. Technological advancements in the development of high-efficiency absorption chillers and government initiatives promoting energy conservation are also driving the market.

Market Growth Drivers:

The global absorption chillers market is being propelled by several key factors:

Increasing Demand for Energy-Efficient Systems: As energy efficiency becomes a primary concern in the industrial and commercial sectors, absorption chillers are gaining traction due to their ability to reduce electricity consumption. They provide a sustainable solution by utilizing waste heat or renewable heat sources like solar and geothermal energy, making them an attractive option for energy-conscious industries.

Adoption of Renewable Energy Sources: The growing adoption of renewable energy sources, such as solar power and biomass, is driving the demand for absorption chillers. These chillers can operate using renewable heat, reducing the carbon footprint of cooling systems and aligning with sustainability goals.

Stringent Environmental Regulations: Governments worldwide are implementing stringent environmental regulations and emissions standards, encouraging industries to adopt energy-efficient and low-carbon technologies. Absorption chillers, which produce fewer greenhouse gas emissions compared to conventional electric chillers, are increasingly being favored as environmentally friendly alternatives.

Growing Industrial and Commercial Applications: The demand for cooling solutions in various industries such as pharmaceuticals, food processing, and chemicals is rising, as these sectors require precise temperature control. Absorption chillers are becoming increasingly popular for such applications due to their cost-effectiveness, energy efficiency, and ability to be powered by waste heat.

Market Restraints:

Despite promising growth prospects, the absorption chillers market faces several challenges:

High Initial Capital Cost: The initial installation cost of absorption chillers can be higher compared to conventional mechanical chillers, primarily due to the advanced technology and components involved. This high upfront cost may deter some businesses from adopting absorption chillers, particularly in regions where cost sensitivity is a significant factor.

Complexity and Maintenance Requirements: Absorption chillers require specialized maintenance, and their operation can be more complex compared to traditional chillers. The need for skilled technicians and regular maintenance may be a deterrent, especially in smaller or less technologically advanced markets.

Limited Awareness and Adoption in Some Regions: While absorption chillers are gaining popularity in developed markets, their adoption is relatively limited in some emerging economies due to a lack of awareness, infrastructure, and access to required technologies. Education and outreach to these markets could help accelerate adoption.

Market Opportunities:

The absorption chillers market presents several key opportunities for growth:

Technological Advancements in Efficiency: The development of high-efficiency absorption chillers that require lower amounts of heat to operate is a key growth opportunity. Ongoing research and innovation in materials and processes could further reduce operational costs and improve the performance of these systems, making them more appealing to businesses worldwide.

Expanding Demand in Emerging Markets: As industrialization and urbanization increase in emerging economies, the need for energy-efficient and cost-effective cooling systems is growing. Absorption chillers, especially those powered by renewable energy, represent an opportunity for manufacturers to tap into these rapidly developing markets.

Integration with District Cooling Systems: The use of absorption chillers in district cooling systems presents a significant opportunity. As cities around the world look to implement more sustainable and energy-efficient cooling solutions, absorption chillers offer an effective solution for large-scale cooling networks, particularly in regions with abundant renewable energy sources.

Growth of Green Building Projects: The rise of green building projects and eco-friendly commercial spaces is contributing to the growth of absorption chillers. With increased focus on sustainability and energy efficiency, absorption chillers are being integrated into the design of new buildings as part of their commitment to reducing carbon emissions and energy consumption.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the absorption chillers market globally?
How do absorption chillers compare to traditional mechanical refrigeration systems in terms of energy consumption and environmental impact?
What are the leading regions driving the adoption of absorption chillers, and what are the barriers to adoption in emerging markets?
Who are the key players in the absorption chillers market, and what strategies are they employing to maintain market leadership?
What are the key technological innovations and trends shaping the future of the absorption chillers market?

Competitive Intelligence and Business Strategy:

In addition, these companies are exploring opportunities in the rapidly growing district cooling market, especially in regions such as the Middle East, Asia Pacific, and North America, where demand for energy-efficient cooling systems is high. Partnerships with renewable energy providers, such as solar and geothermal companies, are helping these businesses expand their market reach and offer integrated energy solutions.

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

Absorption Chillers Market Research Segmentation:

The absorption chillers market is segmented based on type, application, end-user, and region:

By Power Source

Direct Fired
Non-industrial
Water Driven

By Application

Industrial
Non-industrial

By Absorber Type

Lithium Bromide
Ammonia

By Technology

Single Stage
Double Stage

By Region

North America
Europe
East Asia
South Asia and Oceania
Middle East and Africa
Latin America

Product Code: PMRREP3537

1. Executive Summary

1.1. Global Absorption Chillers Market Snapshot 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Industry Developments and Key Market Events
1.5. Demand Side and Supply Side Analysis
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definitions
2.2. Value Chain Analysis
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Energy Industry Overview
- 2.3.3. Global Urbanization and Construction Growth Industry Overview
2.4. Forecast Factors - Relevance and Impact
2.5. COVID-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape

3. Market Dynamics

3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends

4. Price Trend Analysis, 2019 - 2032

4.1. Region-wise Price Analysis
4.2. Price by Segments
4.3. Price Impact Factors

5. Global Absorption Chillers Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

5.1. Key Highlights
5.2. Global Absorption Chillers Market Outlook: Power Source
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Power Source, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Power Source, 2025-2032
  - 5.2.3.1. Direct Fired
  - 5.2.3.2. Non-industrial
  - 5.2.3.3. Water Driven
- 5.2.4. Market Attractiveness Analysis: Power Source
5.3. Global Absorption Chillers Market Outlook: Application
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Application, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
  - 5.3.3.1. Industrial
  - 5.3.3.2. Non-industrial
- 5.3.4. Market Attractiveness Analysis: Application
5.4. Global Absorption Chillers Market Outlook: Absorber Type
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Absorber Type, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Absorber Type, 2025-2032
  - 5.4.3.1. Lithium Bromide
  - 5.4.3.2. Ammonia
- 5.4.4. Market Attractiveness Analysis: Absorber Type
5.5. Global Absorption Chillers Market Outlook: Technology
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Technology, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Technology, 2025-2032
  - 5.5.3.1. Single Stage
  - 5.5.3.2. Double Stage
- 5.5.4. Market Attractiveness Analysis: Technology

6. Global Absorption Chillers Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Absorption Chillers Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Power Source, 2025-2032
- 7.4.1. Direct Fired
- 7.4.2. Non-industrial
- 7.4.3. Water Driven
7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 7.5.1. Industrial
- 7.5.2. Non-industrial
7.6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Absorber Type, 2025-2032
- 7.6.1. Lithium Bromide
- 7.6.2. Ammonia
7.7. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Technology, 2025-2032
- 7.7.1. Single Stage
- 7.7.2. Double Stage

8. Europe Absorption Chillers Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Power Source, 2025-2032
- 8.4.1. Direct Fired
- 8.4.2. Non-industrial
- 8.4.3. Water Driven
8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 8.5.1. Industrial
- 8.5.2. Non-industrial
8.6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Absorber Type, 2025-2032
- 8.6.1. Lithium Bromide
- 8.6.2. Ammonia
8.7. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Technology, 2025-2032
- 8.7.1. Single Stage
- 8.7.2. Double Stage

9. East Asia Absorption Chillers Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Power Source, 2025-2032
- 9.4.1. Direct Fired
- 9.4.2. Non-industrial
- 9.4.3. Water Driven
9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 9.5.1. Industrial
- 9.5.2. Non-industrial
9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Absorber Type, 2025-2032
- 9.6.1. Lithium Bromide
- 9.6.2. Ammonia
9.7. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Technology, 2025-2032
- 9.7.1. Single Stage
- 9.7.2. Double Stage

10. South Asia & Oceania Absorption Chillers Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Power Source, 2025-2032
- 10.4.1. Direct Fired
- 10.4.2. Non-industrial
- 10.4.3. Water Driven
10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 10.5.1. Industrial
- 10.5.2. Non-industrial
10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Absorber Type, 2025-2032
- 10.6.1. Lithium Bromide
- 10.6.2. Ammonia
10.7. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Technology, 2025-2032
- 10.7.1. Single Stage
- 10.7.2. Double Stage

11. Latin America Absorption Chillers Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Power Source, 2025-2032
- 11.4.1. Direct Fired
- 11.4.2. Non-industrial
- 11.4.3. Water Driven
11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 11.5.1. Industrial
- 11.5.2. Non-industrial
11.6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Absorber Type, 2025-2032
- 11.6.1. Lithium Bromide
- 11.6.2. Ammonia
11.7. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Technology, 2025-2032
- 11.7.1. Single Stage
- 11.7.2. Double Stage

12. Middle East & Africa Absorption Chillers Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Power Source, 2025-2032
- 12.4.1. Direct Fired
- 12.4.2. Non-industrial
- 12.4.3. Water Driven
12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 12.5.1. Industrial
- 12.5.2. Non-industrial
12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Absorber Type, 2025-2032
- 12.6.1. Lithium Bromide
- 12.6.2. Ammonia
12.7. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Technology, 2025-2032
- 12.7.1. Single Stage
- 12.7.2. Double Stage

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles
- 13.3.1. Robur Corporation
  - 13.3.1.1. Company Overview
  - 13.3.1.2. Product Portfolio/Offerings
  - 13.3.1.3. Key Financials
  - 13.3.1.4. SWOT Analysis
  - 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Trane Inc.
- 13.3.3. Carrier Corporation
- 13.3.4. LG Electronics, Inc.
- 13.3.5. Thermax Limited
- 13.3.6. Shuangliang Eco-Energy Systems Co. Ltd.
- 13.3.7. Kawasaki Thermal Engineering Co., Ltd.
- 13.3.8. Hyundai Climate Control Co. Ltd.
- 13.3.9. Yazaki Corporation
- 13.3.10. World Energy
- 13.3.11. BROAD Group
- 13.3.12. EAW Energieanlagenbau GmbH
- 13.3.13. Colibri bv
- 13.3.14. Johnson Controls-Hitachi Air Conditioning

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations