Global Absorption Chillers Market 2024-2028
The absorption chillers market is forecasted to grow by USD 727.6 million during 2023-2028, accelerating at a CAGR of 4.1% during the forecast period. The report on the absorption chillers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing use of absorption chillers across various industries, growing adoption of district heating and cooling infrastructure, and stringent regulations on refrigerant use.
Technavio's absorption chillers market is segmented as below:
By Application
By Type
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the demand for reducing energy consumption and operating costs as one of the prime reasons driving the absorption chillers market growth during the next few years. Also, advent of smart connected chillers and technological advances in absorption chillers will lead to sizable demand in the market.
The report on the absorption chillers market covers the following areas:
- Absorption chillers market sizing
- Absorption chillers market forecast
- Absorption chillers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading absorption chillers market vendors that include Berg Chilling Systems Inc., BROAD Group, Carrier Global Corp., Century Corp., CNIM SA, Daikin Industries Ltd., EAW Energieanlagenbau GmbH, Ebara Corp., Helioclim, Johnson Controls International Plc., Kirloskar Pneumatic Co. Ltd., LG Electronics Inc., Mitsubishi Heavy Industries Ltd., Robur Spa, Shuangliang Eco Energy Systems Co. Ltd., THE PAR GROUP, Thermax Ltd., Trane Technologies plc, World Energy Co. Ltd., and Yazaki Corp.. Also, the absorption chillers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.