NEW YORK, Feb. 1, 2023 /PRNewswire/ -- The absorption chillers market size is forecast to increase by USD 741.07 million from 2022 to 2027, at a CAGR of 4.32%, according to the recent market study by Technavio. The growth of the market will be driven by the growing use of absorption chillers across various industries, the growing adoption of district heating and cooling infrastructure, and stringent regulations on refrigerant use. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including BROAD Group, Carrier Global Corp., Century Corp., CNIM SA, Daikin Industries Ltd., EAW Energieanlagenbau GmbH, Ebara Corp., Helioclim, Johnson Controls International Plc., Kirloskar Pneumatic Co. Ltd., LG Electronics Inc., Mitsubishi Heavy Industries Ltd., Robur Spa, Shuangliang Eco-Energy Systems Co. Ltd., THE PAR GROUP, Thermax Ltd., Trane Technologies plc, World Energy Co. Ltd., Yazaki Corp., and Berg Chilling Systems Inc.

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Key benefits for industry players and stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape - Analysis of price sensitivity, Adoption lifecycle, Customer purchase basket, Adoption rates, and purchase criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

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The market is segmented by segment application (industrial and HVAC), type (lithium bromide and ammonia), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

Segmentation by application (Inclusion/Exclusion)

The market growth in the industrial segment will be significant during the forecast period. Industrial Absorption chillers are deployed in the industrial sector to maintain the temperature of process equipment and refrigeration of chemicals, food, beverages, and other materials that need to be maintained at a low temperature. Industries such as plastic, chemical, pharmaceutical, oil and gas, food and beverages, and printing are some of the major industrial consumers that use chillers. These chillers can be directly integrated with the processes and can utilize the waste heat generated by the equipment. 

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What are the key data covered in this absorption chillers market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the absorption chillers market between 2023 and 2027
• Precise estimation of the size of the absorption chillers market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the absorption chillers market industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Absorption Chillers Market vendors

Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

·  2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

·  3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition
• 3.2 Market segment analysis 
• Exhibit 13: Market segments
• 3.3 Market size 2022
• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

·  4 Historic Market Size

• 4.1 Global absorption chillers market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global absorption chillers market 2017 - 2021 ($ million)
• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

·  5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

·  6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application
• 6.3 Industrial - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
• 6.4 HVAC - Market size and forecast 2022-2027 
• Exhibit 38: Chart on HVAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on HVAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on HVAC - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on HVAC - Year-over-year growth 2022-2027 (%)
• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

·  7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
• 7.2 Comparison by Type
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type
• 7.3 Lithium bromide - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Lithium bromide - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Lithium bromide - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Lithium bromide - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Lithium bromide - Year-over-year growth 2022-2027 (%)
• 7.4 Ammonia - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Ammonia - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Ammonia - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Ammonia - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Ammonia - Year-over-year growth 2022-2027 (%)
• 7.5 Market opportunity by Type 
• Exhibit 55: Market opportunity by Type ($ million)

·  8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

·  9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison
• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

·  10 Drivers, Challenges, and Trends

• 10.1 Market drivers
• 10.2 Market challenges
• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027
• 10.4 Market trends

·  11 Vendor Landscape

• 11.1 Overview
• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption
• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

·  12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered
• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification
• 12.3 BROAD Group
• Exhibit 108: BROAD Group - Overview
• Exhibit 109: BROAD Group - Product / Service
• Exhibit 110: BROAD Group - Key offerings
• 12.4 Carrier Global Corp.
• Exhibit 111: Carrier Global Corp. - Overview
• Exhibit 112: Carrier Global Corp. - Business segments
• Exhibit 113: Carrier Global Corp. - Key news
• Exhibit 114: Carrier Global Corp. - Key offerings
• Exhibit 115: Carrier Global Corp. - Segment focus
• 12.5 Century Corp.
• Exhibit 116: Century Corp. - Overview
• Exhibit 117: Century Corp. - Product / Service
• Exhibit 118: Century Corp. - Key offerings
• 12.6 Daikin Industries Ltd. 
• Exhibit 119: Daikin Industries Ltd. - Overview
• Exhibit 120: Daikin Industries Ltd. - Business segments
• Exhibit 121: Daikin Industries Ltd. - Key news
• Exhibit 122: Daikin Industries Ltd. - Key offerings
• Exhibit 123: Daikin Industries Ltd. - Segment focus
• 12.7 EAW Energieanlagenbau GmbH 
• Exhibit 124: EAW Energieanlagenbau GmbH - Overview
• Exhibit 125: EAW Energieanlagenbau GmbH - Product / Service
• Exhibit 126: EAW Energieanlagenbau GmbH - Key offerings
• 12.8 Ebara Corp.
• Exhibit 127: Ebara Corp. - Overview
• Exhibit 128: Ebara Corp. - Business segments
• Exhibit 129: Ebara Corp. - Key offerings
• Exhibit 130: Ebara Corp. - Segment focus
• 12.9 Helioclim
• Exhibit 131: Helioclim - Overview
• Exhibit 132: Helioclim - Product / Service
• Exhibit 133: Helioclim - Key offerings
• 12.10 Johnson Controls International Plc. 
• Exhibit 134: Johnson Controls International Plc. - Overview
• Exhibit 135: Johnson Controls International Plc. - Business segments
• Exhibit 136: Johnson Controls International Plc. - Key news
• Exhibit 137: Johnson Controls International Plc. - Key offerings
• Exhibit 138: Johnson Controls International Plc. - Segment focus
• 12.11 Kirloskar Pneumatic Co. Ltd. 
• Exhibit 139: Kirloskar Pneumatic Co. Ltd. - Overview
• Exhibit 140: Kirloskar Pneumatic Co. Ltd. - Business segments
• Exhibit 141: Kirloskar Pneumatic Co. Ltd. - Key offerings
• Exhibit 142: Kirloskar Pneumatic Co. Ltd. - Segment focus
• 12.12 LG Electronics Inc.
• Exhibit 143: LG Electronics Inc. - Overview
• Exhibit 144: LG Electronics Inc. - Business segments
• Exhibit 145: LG Electronics Inc. - Key news
• Exhibit 146: LG Electronics Inc. - Key offerings
• Exhibit 147: LG Electronics Inc. - Segment focus
• 12.13 Mitsubishi Heavy Industries Ltd. 
• Exhibit 148: Mitsubishi Heavy Industries Ltd. - Overview
• Exhibit 149: Mitsubishi Heavy Industries Ltd. - Business segments
• Exhibit 150: Mitsubishi Heavy Industries Ltd. - Key news
• Exhibit 151: Mitsubishi Heavy Industries Ltd. - Key offerings
• Exhibit 152: Mitsubishi Heavy Industries Ltd. - Segment focus
• 12.14 Thermax Ltd.
• Exhibit 153: Thermax Ltd. - Overview
• Exhibit 154: Thermax Ltd. - Business segments
• Exhibit 155: Thermax Ltd. - Key news
• Exhibit 156: Thermax Ltd. - Key offerings
• Exhibit 157: Thermax Ltd. - Segment focus
• 12.15 Trane Technologies plc 
• Exhibit 158: Trane Technologies plc - Overview
• Exhibit 159: Trane Technologies plc - Business segments
• Exhibit 160: Trane Technologies plc - Key offerings
• Exhibit 161: Trane Technologies plc - Segment focus
• 12.16 World Energy Co. Ltd. 
• Exhibit 162: World Energy Co. Ltd. - Overview
• Exhibit 163: World Energy Co. Ltd. - Product / Service
• Exhibit 164: World Energy Co. Ltd. - Key offerings
• 12.17 Yazaki Corp.
• Exhibit 165: Yazaki Corp. - Overview
• Exhibit 166: Yazaki Corp. - Product / Service
• Exhibit 167: Yazaki Corp. - Key offerings

·  13 Appendix

• 13.1 Scope of the report
• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist
• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$
• 13.4 Research methodology
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources
• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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