Absorption Chillers Market by Type (Steam Absorption Chillers, Hot Water Absorption Chillers, Direct-fired Absorption Chillers, Gas-fired Absorption Chillers), by Refrigerant Type (Ammonia, Lithium Bromide), by End User (Residential, Industrial, Commercial), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Absorption Chillers Market size was valued at USD 1.51 USD Billion in 2023 and is projected to reach USD 2.08 USD Billion by 2032, exhibiting a CAGR of 4.7 % during the forecast period. Absorption chillers are types of cooling system that operates on the principle in which heat energy is used instead of electrical energy to run the refrigeration cycle. They usually employ water as the refrigerant and options that include lithium bromide or ammonia-water blend as the absorbent. The two categories include single-pass and double-pass chillers though the latter has better efficiency. Several benefits of using absorption chillers include their capacity to employ wasted heat, low operational sound level, and the fact that they emit less greenhouse gases. They are often employed in large-scale industrial, commercial, and institutional applications where huge amounts of waste heat such as refrigeration waste heat or solar energy is available.
Type:
Refrigerant Type:
End User:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.7% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.7% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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