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

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for absorption chillers. The report provides a thorough analysis of crucial market dynamics, including drivers, trends, opportunities, and challenges, offering detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global absorption chillers market from 2025 to 2032.

Key Insights:

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

Absorption Chillers Market - Report Scope:

Absorption chillers are an integral part of the cooling systems used in industries such as HVAC, process cooling, and district cooling. These chillers use heat as the primary energy source instead of electricity, offering a more energy-efficient and environmentally friendly alternative to conventional electric chillers. The absorption chillers market serves industries like manufacturing, chemical, healthcare, and commercial sectors. The market is growing due to rising energy costs, environmental concerns, and increasing adoption of sustainable technologies.

Market Growth Drivers:

The global absorption chillers market is propelled by several key factors, including the growing need for energy-efficient cooling solutions across industries. Rising concerns about environmental sustainability and increasing regulations on energy consumption and emissions further boost the demand for absorption chillers. These chillers, using natural refrigerants, are considered eco-friendly alternatives, particularly in industries aiming to reduce their carbon footprint. Additionally, the integration of solar energy with absorption chillers is opening new avenues for market expansion, as industries seek greener energy solutions for their cooling requirements.Technological advancements in absorption chiller systems, such as the development of advanced materials for heat exchange and improvements in operational efficiency, are also expected to drive market growth. The increasing demand for sustainable infrastructure and smart buildings, particularly in emerging economies, further supports the adoption of absorption chillers.

Market Restraints:

Despite promising growth prospects, the absorption chillers market faces challenges related to the high initial investment costs and complex installation procedures. Compared to conventional cooling systems, absorption chillers tend to be more expensive upfront, which can deter smaller businesses from adopting these systems. Additionally, the operational complexity of these chillers requires specialized maintenance and expertise, which adds to the cost burden. Moreover, the lack of awareness about absorption chillers, particularly in emerging markets, can limit market penetration.

Market Opportunities:

The absorption chillers market presents significant growth opportunities driven by technological innovations and demographic trends. The increasing adoption of renewable energy sources, such as solar and geothermal energy, in combination with absorption chillers, is expected to enhance their market potential. Furthermore, government initiatives and policies aimed at promoting energy-efficient technologies in industrial and commercial sectors are likely to provide favorable conditions for market growth. There is also an expanding focus on district cooling systems in urban areas, which can drive further adoption of absorption chillers.Strategic collaborations between manufacturers and energy service providers, as well as investment in research and development to enhance product efficiency, are essential for companies looking to capitalize on emerging opportunities in this dynamic market.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the absorption chillers market globally?
How are technological advancements reshaping the competitive landscape of the absorption chillers market?
Which regions are experiencing the highest demand for absorption chillers, and why?
Who are the key players contributing to the absorption chillers market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global absorption chillers market?

Competitive Intelligence and Business Strategy:

Leading players in the global absorption chillers market, such as Johnson Controls, Trane Technologies, and Carrier Global Corporation, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop more efficient, cost-effective, and environmentally friendly absorption chillers that meet the growing demand for sustainable cooling solutions. Collaborations with renewable energy companies and governments help expand the adoption of absorption chillers in various industries and regions.

Key Companies Profiled:

Johnson Controls
Trane Technologies
Carrier Global Corporation
Daikin Industries, Ltd.
LG Electronics
Thermax Limited
Mitsubishi Electric Corporation
Klimacool (Australia) Pty Ltd.
Sharp Corporation
GEA Group

Absorption Chillers Market Segmentation

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
Latin America
The Middle East and Africa

Product Code: PMRREP3537

1. Executive Summary

1.1. Global Absorption Chillers Market Snapshot, 2025 - 2032
1.2. Market Opportunity Assessment, 2025 - 2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. End User Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Parent Market Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Technology Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
- 3.4.1. List of Raw Material Suppliers
- 3.4.2. List of Manufacturers
- 3.4.3. List of Distributors
- 3.4.4. List of End Users
- 3.4.5. Profitability Analysis
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis
3.8. Geopolitical Tensions: Market Impact

4. Price Trend Analysis, 2019 - 2032

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Pricing Analysis, By Product
4.4. Regional Prices and Product Preferences

5. Global Absorption Chillers Market Outlook: Historical (2020 - 2024) and Forecast (2025 - 2032)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2020 - 2024
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2025 - 2032
5.3. Global Absorption Chillers Market Outlook: Technology
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) Analysis, By Technology, 2020 - 2024
- 5.3.3. Current Market Size (US$ Bn) Forecast, By Technology, 2025 - 2032
  - 5.3.3.1. Single Stage
  - 5.3.3.2. Double Stage
5.4. Market Attractiveness Analysis: Technology
5.5. Global Absorption Chillers Market Outlook: Absorber
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Absorber, 2020 - 2024
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Absorber, 2025 - 2032
  - 5.5.3.1. Lithium Bromide
  - 5.5.3.2. Ammonia
5.6. Market Attractiveness Analysis: Absorber
5.7. Global Absorption Chillers Market Outlook: Power Source
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By Power Source, 2020 - 2024
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Power Source, 2025 - 2032
  - 5.7.3.1. Direct-fired
  - 5.7.3.2. Indirect-fired
  - 5.7.3.3. Water-driven
5.8. Market Attractiveness Analysis: Power Source
5.9. Global Absorption Chillers Market Outlook: Application
- 5.9.1. Introduction / Key Findings
- 5.9.2. Historical Market Size (US$ Bn) Analysis, By Application, 2020 - 2024
- 5.9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
  - 5.9.3.1. Commercial
  - 5.9.3.2. Residential
  - 5.9.3.3. Petroleum
  - 5.9.3.4. Food & Beverage
  - 5.9.3.5. Power
  - 5.9.3.6. Chemicals
  - 5.9.3.7. Pulp & Paper
  - 5.9.3.8. Other
5.10. Market Attractiveness Analysis: Application

6. Global Absorption Chillers Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) Analysis, By Region, 2020 - 2024
6.3. Current Market Size (US$ Bn) Forecast, By Region, 2025 - 2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and 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 (2020 - 2024) and Forecast (2025 - 2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2024
- 7.3.1. By Country
- 7.3.2. By Technology
- 7.3.3. By Absorber
- 7.3.4. By Power Source
- 7.3.5. By Application
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 7.5.1. Single Stage
- 7.5.2. Double Stage
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Absorber, 2025 - 2032
- 7.6.1. Lithium Bromide
- 7.6.2. Ammonia
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By Power Source, 2025 - 2032
- 7.7.1. Direct-fired
- 7.7.2. Indirect-fired
- 7.7.3. Water-driven
7.8. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 7.8.1. Commercial
- 7.8.2. Residential
- 7.8.3. Petroleum
- 7.8.4. Food & Beverage
- 7.8.5. Power
- 7.8.6. Chemicals
- 7.8.7. Pulp & Paper
- 7.8.8. Other
7.9. Market Attractiveness Analysis

8. Europe Absorption Chillers Market Outlook: Historical (2020 - 2024) and Forecast (2025 - 2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2024
- 8.3.1. By Country
- 8.3.2. By Technology
- 8.3.3. By Absorber
- 8.3.4. By Power Source
- 8.3.5. By Application
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 8.5.1. Single Stage
- 8.5.2. Double Stage
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Absorber, 2025 - 2032
- 8.6.1. Lithium Bromide
- 8.6.2. Ammonia
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By Power Source, 2025 - 2032
- 8.7.1. Direct-fired
- 8.7.2. Indirect-fired
- 8.7.3. Water-driven
8.8. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 8.8.1. Commercial
- 8.8.2. Residential
- 8.8.3. Petroleum
- 8.8.4. Food & Beverage
- 8.8.5. Power
- 8.8.6. Chemicals
- 8.8.7. Pulp & Paper
- 8.8.8. Other
8.9. Market Attractiveness Analysis

9. East Asia Absorption Chillers Market Outlook: Historical (2020 - 2024) and Forecast (2025 - 2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2024
- 9.3.1. By Country
- 9.3.2. By Technology
- 9.3.3. By Absorber
- 9.3.4. By Power Source
- 9.3.5. By Application
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 9.4.1. Single Stage
- 9.4.2. Double Stage
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Absorber, 2025 - 2032
- 9.5.1. Lithium Bromide
- 9.5.2. Ammonia
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Power Source, 2025 - 2032
- 9.6.1. Direct-fired
- 9.6.2. Indirect-fired
- 9.6.3. Water-driven
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 9.7.1. Commercial
- 9.7.2. Residential
- 9.7.3. Petroleum
- 9.7.4. Food & Beverage
- 9.7.5. Power
- 9.7.6. Chemicals
- 9.7.7. Pulp & Paper
- 9.7.8. Other
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Absorption Chillers Market Outlook: Historical (2020 - 2024) and Forecast (2025 - 2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2024
- 10.3.1. By Country
- 10.3.2. By Technology
- 10.3.3. By Absorber
- 10.3.4. By Power Source
- 10.3.5. By Application
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 10.5.1. Single Stage
- 10.5.2. Double Stage
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Absorber, 2025 - 2032
- 10.6.1. Lithium Bromide
- 10.6.2. Ammonia
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By Power Source, 2025 - 2032
- 10.7.1. Direct-fired
- 10.7.2. Indirect-fired
- 10.7.3. Water-driven
10.8. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 10.8.1. Commercial
- 10.8.2. Residential
- 10.8.3. Petroleum
- 10.8.4. Food & Beverage
- 10.8.5. Power
- 10.8.6. Chemicals
- 10.8.7. Pulp & Paper
- 10.8.8. Other
10.9. Market Attractiveness Analysis

11. Latin America Absorption Chillers Market Outlook: Historical (2020 - 2024) and Forecast (2025 - 2032)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2024
- 11.3.1. By Country
- 11.3.2. By Technology
- 11.3.3. By Absorber
- 11.3.4. By Power Source
- 11.3.5. By Application
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 11.4.1. Single Stage
- 11.4.2. Double Stage
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Absorber, 2025 - 2032
- 11.5.1. Lithium Bromide
- 11.5.2. Ammonia
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Power Source, 2025 - 2032
- 11.6.1. Direct-fired
- 11.6.2. Indirect-fired
- 11.6.3. Water-driven
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 11.7.1. Commercial
- 11.7.2. Residential
- 11.7.3. Petroleum
- 11.7.4. Food & Beverage
- 11.7.5. Power
- 11.7.6. Chemicals
- 11.7.7. Pulp & Paper
- 11.7.8. Other
11.8. Market Attractiveness Analysis

12. Middle East & Africa Absorption Chillers Market Outlook: Historical (2020 - 2024) and Forecast (2025 - 2032)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2024
- 12.3.1. By Country
- 12.3.2. By Technology
- 12.3.3. By Absorber
- 12.3.4. By Power Source
- 12.3.5. By Application
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 12.5.1. Single Stage
- 12.5.2. Double Stage
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Absorber, 2025 - 2032
- 12.6.1. Lithium Bromide
- 12.6.2. Ammonia
12.7. Current Market Size (US$ Bn) Analysis and Forecast, By Power Source, 2025 - 2032
- 12.7.1. Direct-fired
- 12.7.2. Indirect-fired
- 12.7.3. Water-driven
12.8. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 12.8.1. Commercial
- 12.8.2. Residential
- 12.8.3. Petroleum
- 12.8.4. Food & Beverage
- 12.8.5. Power
- 12.8.6. Chemicals
- 12.8.7. Pulp & Paper
- 12.8.8. Other
12.9. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Thermax Ltd.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Shuangliang Eco-Energy Co., Ltd.
- 13.3.3. Carrier Corporation
- 13.3.4. Trane Inc.
- 13.3.5. Johnson Controls
- 13.3.6. Hitachi Ltd.
- 13.3.7. LG Electronics
- 13.3.8. Kawasaki Thermal Engineering Co., Ltd.
- 13.3.9. Broad Air Conditioning Ltd
- 13.3.10. Robur Corporation
- 13.3.11. Yazaki Corporation
- 13.3.12. Kirloskar Pneumatic Company Ltd.

14. Appendix

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

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