The global absorption chillers market is on track for significant expansion, with market value expected to grow from USD 1.7 billion in 2024 to USD 2.8 billion by 2034, reflecting a compound annual growth rate (CAGR) of 4.9% over the forecast period.
What Are Absorption Chillers?
Absorption chillers are thermally driven cooling systems that use heat—rather than electricity—to power the refrigeration cycle. They employ chemical solutions like lithium bromide and water or ammonia and water instead of electric compressors found in conventional chillers. Common heat sources include:
- Natural gas
- Steam
- Waste heat from industrial processes or power plants
Key Advantages
High energy efficiency, especially when paired with waste heat recovery systems
CFC-free operation, making them environmentally friendly
Ideal for areas with limited electrical infrastructure
Reduced greenhouse gas emissions
Market Drivers
Increased demand for energy-efficient HVAC solutions
Growth in industrial and commercial sectors, particularly in Asia-Pacific and the Middle East
Rising environmental regulations and push for sustainable technologies
Adoption of waste heat utilization technologies in manufacturing and power generation
Applications
- Commercial buildings (hotels, hospitals, office complexes)
- Industrial facilities
- District cooling networks
- Renewable energy systems (e.g., solar thermal)
With a growing emphasis on sustainability, efficiency, and decarbonization, absorption chillers are expected to play an increasingly vital role in next-generation cooling infrastructure.
Related topics:
- lobal Screw Compressor Market Set to Hit $16.3 Billion by 2030
- CHERRY Launches Compact Cordless Vacuum for Quick, On-the-Go Cleaning
- PG&E Plans to Restart Elkhorn Battery Storage Facility After January Fire
