Absorption Chillers Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

Absorption chillers market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). The growing adoption of district cooling coupled with the improving network is the key factor supporting the growth of the market globally. Advanced district-cooling networks can pair heating and cooling services to increase the net efficiency and flexibility of the entire energy system. According to the International Energy Agency (IEA), district-cooling networks exist in a range of climates and countries such as Finland, Spain, China, and others. Qatar has the global largest district-cooling system, comprising 3 cooling plants covering the West Bay and the Pearl-Qatar districts in Doha with a combined capacity of 197,000 tons of refrigeration (690 megawatts [MW]) and a 4th plant under construction.

Furthermore, the free cooling chiller uses a microprocessor controller to ensure precise temperature control, as well as an integrated free cooling module that maximizes the use of ambient air. Thus, there is a considerable increase in demand as well as production of such absorption chillers around the globe. For instance, in May 2023, Delta T Systems launched the free cooling system, also known as a fluid cooler or dry cooler, applying ambient air to cool process fluid for a more environmentally friendly and cost-effective alternative to traditional refrigeration chillers.

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Market Coverage

  • Market number available for – 2022-2030
  • Base year- 2022
  • Forecast period- 2023-2030
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Absorption Chillers Market Report Segment

By Technology

  • Single Stage
  • Double Stage

By Absorber Type

  • Lithium Bromide
  • Ammonia

By Power Source

  • Direct Fired
  • Indirect Fired
  • Water Driven

By Application

  • Chemicals
  • Food & Beverages
  • Power
  • Paper & Pulp
  • Power & Energy
  • Others (Petroleum)

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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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