Absorption Chiller Market

By Type;

Ammonia, and Lithium Bromide

By Capacity Type;

Low Capacity, Medium Capacity, High Capacity

By Application;

Food Storage and Air Conditioning(Heating, and Cooling)

By End User;

Residential, Industrial, and Commercial

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn130070851 Published Date: August, 2025 Updated Date: September, 2025

Absorption Chiller Market Overview

Absorption Chiller Market (USD Million)

Absorption Chiller Market was valued at USD 1,674.55 million in the year 2024. The size of this market is expected to increase to USD 2,233.42 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.


Absorption Chiller Market

*Market size in USD million

CAGR 4.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.2 %
Market Size (2024)USD 1,674.55 Million
Market Size (2031)USD 2,233.42 Million
Market ConcentrationHigh
Report Pages391
1,674.55
2024
2,233.42
2031

Major Players

  • Thermax Ltd.
  • Johnson Controlshitachi Air Conditioning
  • Carrier Global Corporation
  • Yazaki Corporation
  • Century Corporation
  • Eaw Energieanlagenbau GmbH
  • Kirloskar Pneumatic Co. Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Absorption Chiller Market

Fragmented - Highly competitive market without dominant players


The Absorption Chiller Market is witnessing strong growth as industries and commercial spaces seek eco-friendly and energy-efficient cooling solutions. Leveraging heat sources like steam, hot water, or solar energy instead of traditional electricity, over 45% of new installations focus on reducing energy expenses. Increasing recognition of sustainable cooling systems is accelerating market adoption across multiple sectors.

Key Drivers Accelerating Growth
Growing emphasis on energy savings and minimizing carbon footprints is driving widespread acceptance. About 40% of commercial and industrial facilities are adopting absorption chillers to optimize energy usage and comply with environmental standards. Their ability to utilize waste heat efficiently makes them ideal for organizations aiming for cost-effective and sustainable cooling.

Advancements Strengthening Market Adoption
Recent innovations in absorption mechanisms, lithium bromide, and ammonia-water systems have significantly enhanced efficiency and durability. Nearly 50% of newly developed models incorporate advanced heat transfer technology and corrosion-resistant materials. These improvements ensure consistent performance, reduce maintenance requirements, and strengthen the reliability of absorption chillers in modern applications.

Growth Prospects and Industry Outlook
The market is propelled by increasing use in hospitals, data centers, industrial plants, and commercial buildings. Around 55% of large-scale operations rely on absorption chillers to maintain continuous cooling while reducing dependence on electricity. Their capability to leverage waste heat and deliver energy-efficient cooling positions them as an essential component in high-demand environments.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By
    3. Market Snapshot, By Application
    4. Market Snapshot, By Capacity Type
    5. Market Snapshot, By Region
  4. Absorption Chiller Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand rises for eco-friendly cooling
        2. Regulations favor green refrigerants
        3. Cities seek efficient district cooling
        4. Tech advances boost absorption chiller efficiency
      2. Restraints
        1. Retrofitting existing systems poses challenges
        2. Maintenance requires specialized skills
        3. Heat source availability limits operations
      3. Opportunties
        1. Explore new applications beyond tradition
        2. Partner with renewable energy projects
        3. Develop compact, modular designs
        4. Collaborate with HVAC service providers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Absorption Chiller Market, By Type, 2021 - 2031 (USD Million)
      1. Ammonia
      2. Lithium Bromide
    2. Absorption Chiller Market, By Capacity Type, 2021 - 2031 (USD Million)

      1. Low Capacity

      2. Medium Capacity

      3. High Capacity

    3. Absorption Chiller Market, By Application, 2021 - 2031 (USD Million)
      1. Food Storage
      2. Air Conditioning
        1. Heating
        2. Cooling
    4. Absorption Chiller Market, By End User, 2021 - 2031 (USD Million)
      1. Residential
      2. Industrial
      3. Commercial.
    5. Absorption Chiller Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Thermax Ltd.
      2. Johnson Controlshitachi Air Conditioning
      3. Carrier Global Corporation
      4. Yazaki Corporation
      5. Century Corporation
      6. Eaw Energieanlagenbau GmbH
      7. Kirloskar Pneumatic Co. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market