Envision Report

Published February 28, 2018

Global Absorption Chiller Market – Size, Outlook, Trends and Forecasts (2018 – 2024)

Download Free Sample Report!

An absorption refrigerator is a refrigerator that uses a heat source to provide the energy needed to drive the cooling process. Absorption refrigerators are often used for food storage in recreational vehicles. The principle can also be used to air-condition buildings using the waste heat from a gas turbine or water heater. Using waste heat from a gas turbine makes the turbine very efficient because it first produces electricity, then hot water, and finally, air-conditioning (called cogeneration/trigeneration). Absorption chillers have proven to be ideal replacements for compressor chillers in places where power is unreliable, unavailable or costly, where waste heat is available, or where restrictions on noise deem compressor chillers useless.

Global Absorption Chiller Market Segments Size & Growth:

Global Absorption Chiller Market size is projected to reach approximately $2.05 billion by the end of 2024 with a CAGR of close to 6.31% from $1.33 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include raising awareness about energy-efficient products, lower operational & maintenance costs, increased consumption of frozen foods, and growth in commercial & industrial sectors. However, High set-up cost and low-efficiency rates, and competition from the centrifugal chiller industry are thereby hampering the market growth. Rapid Growth of Absorption Chillers in Commercial Sector & Data Centres provides a great opportunity for increasing the market share.

Global Absorption Chiller Market Segments Share:

Global Absorption Chiller Market is categorised into technology which comprises a single stage, and double stage. By absorber type, the market is segmented into lithium bromide and ammonia. By the power source, the market is segmented into direct fired, indirect fired, water driven. By End-Users, the market is segmented into non-industrial, and industrial. Hospitals, large retail, offices, and theatres in the commercial sector need various types of chillers. Plastic, baking, food, pharmaceutical, and printing industries are the major industrial consumers that use chillers for various processes. Increase in some working women has led to increased adoption of frozen foods owing to time constraints and ease of cooking. This increasing trend towards frozen foods is facilitating the demand for chillers in the food processing industry.

By Geography, North America is a highly profitable region for absorption chillers, owing to strong adoption from the region’s food processing and petroleum industries. The Asia Pacific is projected to be the most lucrative market for absorption chillers, with sales revenue in China and India expected to register CAGRs of 7.21% and 7.15% respectively over the forecast period. Absorption chillers consumption in the ASEAN region increased to a small extent yet witnessed a growth rate of 5.2% outperforming many countries in the Europe and Americas. The Middle East and Africa followed by Europe are the other attractive regions with an estimated revenue share of 22.9% and 20.1% of the global absorption chillers market by 2017 end. Sales of absorption chillers in MEA is estimated to be valued at $ 289.2 Million in 2017 and is expected to witness a stable CAGR of 7.0% over the forecast period.

Developing economies such as those in the Asia Pacific and the Middle East are expected to witness a steady increase in demand for absorption chillers over the forecast period. High natural gas production in MEA combined with development in the number of infrastructure projects in the region makes it a lucrative market for absorption chillers over the forecast period.

Global Absorption Chiller Market Trends:

  • The latest development in absorption chiller is a 100 kW cooling capacity chiller, with technical choices between the two first prototypes, but design to provide cooling effect at temperatures suitable for air-conditioning to ice making.

Global Absorption Chiller Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

  • Broad Air Conditioning Co., Ltd.
  • Carrier Corporation
  • EAW Energieanlagenbau GmbH
  • Hyundai Climate Control Co., Ltd.
  • Robur Group

Along with these companies, there were many other companies considered/cited in the report while analysing the Global Absorption Chiller Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2Porter’s Five Force Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1. Drivers

4.1.1 Growth in Commercial & Industrial Sectors

4.1.2 Increased Consumption of Frozen Foods

4.1.3 lower operational & maintenance costs

4.1.4 Rising Awareness About Energy-Efficient Products

4.2 Restraints

4.2.1 High Set-Up Cost and Low-Efficiency Rates

4.2.2 Competition from the Centrifugal Chiller Industry

4.3 Opportunities

4.3.1 Rapid Growth of Absorption Chillers in Commercial Sector & Data Centres

4.4 Challenges

4.4.1 High risk of deterioration & damage to the entire unit in case of air leakage from the main panel

Chapter 5 Global Absorption Chiller Market– By Technology

5.1 Single Stage

5.2 Double Stage

Chapter 6 Global Absorption Chiller Market– By Absorber Type

6.1 Lithium Bromide

6.2 Ammonia

Chapter 7 Global Absorption Chiller Market- By Power Source

7.1 Direct Fired

7.2 Indirect Fired

7.3 Water Driven

Chapter 8 Global Absorption Chiller Market- By End-Users

8.1 Non-Industrial

8.2 Industrial

8.2.1 Chemicals

8.2.2 Food & Beverages

8.2.3 Petroleum

8.2.4 Pulp & Paper

8.2.5 Others

Chapter 9 Global Absorption Chiller Market- By Geography

9.1 Introduction

9.2 North America

9.2.1 U.S.

9.2.2 Canada

9.2.3 Mexico

9.3 Europe

9.3.1 U.K.

9.3.2 Germany

9.3.3 France

9.3.4 Italy

9.3.5 Spain

9.3.6. Rest of Europe

9.4 APAC

9.4.1 China

9.4.2 Japan

9.4.3 India

9.4.4 South Korea

9.4.5 Australia & New Zealand

9.4.6 Rest of APAC

9.5 South America

9.5.1 Brazil

9.5.2 Argentina

9.5.3 Others

9.6 Middle East & Africa

9.6.1 Middle East

9.6.2 Africa

Chapter 10 Global Absorption Chiller Market- Company Profiles

10.1 Broad Air Conditioning Co., Ltd.

10.2 Carrier Corporation

10.3 EAW Energieanlagenbau GmbH

10.4 Hyundai Climate Control Co., Ltd.

10.5 Robur Group

10.6 Trane Inc.

10.7 Yazaki Energy Systems Inc.

10.8 Johnson Controls

10.9 Kawasaki Thermal Engineering Co., Ltd.

10.10 Shuangliang Eco-Energy Systems Co., Ltd.

10.11 Thermax Inc.

10.12 Century Corporation

10.13 CNIM Group

10.14 Hitachi Appliances Inc.

10.15 LG Electronics

Chapter 11 Global Absorption Chiller Market- Competitive Landscape

11.1. Market Share Analysis

11.2. Strategies Adopted by top companies

11.3. Mergers, Acquisitions, Collaborations & Agreements

Chapter 12 Market Insights

12.1. Industry Experts Insights

12.2. Analysts Opinions

12.3. Investment Opportunities

Chapter 13 Appendix

13.1 List of Tables

13.2 List of Figures








  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.


©2018 - Envision Inteligence | All Rights Reserved.