Absorption Chillers Market, by Technology (Single Stage and Double Stage), by Absorber Type (Lithium Bromide and Ammonia), by Application (Non-industrial and Industrial (Chemicals, Food & Beverages, Petroleum, Power, Paper & Pulp, and Other Industries)),

Absorption Chillers Market, by Technology (Single Stage and Double Stage), by Absorber Type (Lithium Bromide and Ammonia), by Application (Non-industrial and Industrial (Chemicals, Food & Beverages, Petroleum, Power, Paper & Pulp, and Other Industries)), by Power Source (Direct Fired, Indirect Fired, and Water Driven), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Absorption chillers have gained widespread adoption as compared to traditional chillers in industrial sector due to their capability to integrate cogeneration systems and function with industrial waste heat streams. The absorption chillers market is growing rapidly due to the rising adoption of absorption chillers in industrial sector and the increase in demand for refrigeration across other processing industries. There are different types of absorption chillers based on different technology and absorber type. Also, this absorption chillers offer several benefits as compared to conventional chillers such as low noise levels, better efficiency, and low maintenance costs. These factors are expected to boost the demand for absorption chillers across the globe.
Market Dynamics
One of the major factors that is expected to boost the demand for absorption chillers is growing awareness for energy conservation, therefore taking initiatives to develop energy-efficient scroll and absorption chillers. Moreover, growing adoption of solar-powered absorption chillers in different end-use industries and increasing deployment of engines and turbines are the major factors that are expected to drive the demand for absorption chillers market globally.
Market Taxonomy
This report segments the global absorption chillers market on the basis of technology, printer type, and end-use industry. On the basis of technology, the global absorption chillers market is segmented into single stage and double stage. On the basis of absorber type, the market is segmented into lithium bromide and ammonia. On the basis of application, the market is segmented into non-industrial and industrial. The industrial sub-segment is further segmented into chemical, food & beverage, petroleum, power, paper & pulp, and other industries. On the basis of power source, the market is segmented into direct fired, indirect fired, and water driven.
Key features of the study:
This report provides an in-depth analysis of the global absorption chillers market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global absorption chillers market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Broad Air Conditioning Co. Ltd., Thermax Inc., Carrier Corporation, Shuangliang Eco-Energy Systems Co. Ltd., Kawasaki Thermal Engineering Co., Ltd., Hyundai Climate Control Co., Ltd., Johnson Controls, Inc., Robur Corporation, Yazaki Corporation, EAW Energieanlagenbau GmbH, and Trane Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global absorption chillers market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global absorption chillers market
Detailed Segmentation:
Global Absorption Chillers Market, By Technology:
Single Stage
Double Stage
Global Absorption Chillers Market, By Absorber Type:
Lithium Bromide
Ammonia
Global Absorption Chillers Market, By Application:
Non-industrial
Industrial
Chemicals
Food & beverage
Petroleum
Power
Pulp & Paper
Other Industries
Global Absorption Chillers Market, By Power Source:
Direct Fired
Indirect Fired
Water Driven
Company Profiles
Broad Air Conditioning Co. Ltd. *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Thermax Inc.
Carrier Corporation
Shuangliang Eco-Energy Systems Co. Ltd.
Kawasaki Thermal Engineering Co., Ltd.
Hyundai Climate Control Co., Ltd.
Johnson Controls, Inc.
Robur Corporation
Yazaki Corporation
EAW Energieanlagenbau GmbH
Trane Inc.
*Browse all the market data tables and figures on Global Absorption Chillers Market - Forecast to 2027”