The global absorption chillers market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). An absorption refrigerator or chiller is a thermally-driven chiller that uses liquid refrigerant or sorbent solution and a heat source to provide cooling to buildings. The machinery is widely used in industrial, commercial, and residential buildings for air conditioning, refrigeration, and cooling process in industrial facilities. Compared to the traditional vapor compressor, it is way more economic and eco-friendly alternative owing to the use of less pollutants and hazardous gas emissions.
Browse the full report description of “Absorption Chillers Market Size, Share & Trends Analysis Report by Technology (Single Stage and Double Stage), by Absorber Type (Lithium Bromide and Ammonia), by Power Source (Direct Fired, Indirect Fired, and Water Driven), and by Application (Chemicals, Food & Beverages, Power, Paper & Pulp, power & energy and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/absorption-chillers-market
The growing demand for absorption chillers from commercial and residential buildings is creating several implementation opportunities for absorption chillers equipment, in turn propelling the market growth. Resultantly, increasing the development of new and innovative chillers equipped with new features that offer optimized performance. For instance, in February 2023, Daikin launched a 2nd generation cooling-only chiller range with R32 scroll compressors. Extending Daikin’s low GWP scroll range up to 1010 kW, the latest new air-cooled chiller with R32 scroll compressors offers a low carbon solution for a range of process, industrial, IT, and comfort cooling applications. The new chiller line is optimized for industrial processing such as food manufacturing, pharmaceuticals, chemicals, plastics, metal industries and applications requiring ultra-reliable cooling.
In March 2022, Carrier Launched HFO R-1234ze Chillers for industrial process applications. In addition, the company has also introduced the AquaForce® Vision 30KAV with PUREtec™ refrigerant, a new line of high-performance, compact process cooling chillers with ultra-low global warming potential (GWP) refrigerant R-1234ze. New chillers are designed with single refrigeration circuits, brazed plate evaporators, and aluminum microchannel condenser coils.
In November 2022, Kaltra, launched inverter chiller on refrigerant R32. The lineup of scroll chillers, Ultracompact II, was added by models equipped with inverter-driven compressors running on refrigerant R32, covering capacities from 50 to 150 kilowatts. new R32 chillers fully comply with current Ecodesign regulations, performing with SERP HT values of up to 6.30.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Technology
o By Absorber Type
o By Power Source
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Thermax Inc., Johnson Controls International plc, Kirloskar Group, Yazaki Corp., Carrier Global Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Absorption Chillers Market Report Segment
By Technology
By Absorber Type
By Power Source
By Application
Global Absorption Chillers Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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