Single-effect Absorption Chiller Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.3% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global Single effect Absorption Chiller Market was valued at approximately USD 1.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 4.8% from 2022 to 2030. The market is driven by rising demand for energy efficient cooling systems across industrial, commercial, and residential sectors. In North America, the market accounted for nearly USD 320 million in 2022, with steady growth fueled by increasing adoption in data centers and commercial buildings seeking low emission cooling solutions. Europe held a significant share, with countries like Germany, France, and the UK contributing to around USD 280 million in revenue, owing to strict environmental regulations and a growing emphasis on sustainable energy systems. The Asia Pacific region dominated the market with a valuation of approximately USD 500 million in 2022, driven by rapid industrialization, urbanization, and growing infrastructure development, particularly in China, Japan, and India.
Opportunities for market growth are emerging from the expanding application of single effect absorption chillers in renewable energy projects and district cooling systems. The Middle East and Africa (MEA) region is also showing promising growth potential due to the high demand for cooling solutions in arid climates, with the market valued at roughly USD 100 million in 2022. Latin America accounted for around USD 70 million, with moderate growth driven by industrial and commercial developments. Key growth drivers include government incentives promoting energy efficient technologies, increasing awareness of eco friendly cooling systems, and the rising need for low carbon cooling alternatives. The market is also benefiting from technological advancements in absorption chiller systems, enhancing efficiency and reducing operational costs.
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Hitachi Air
Johnson Controls
Carrier UK
LG
Yazaki Corporation
Thermax
Robur
Trane
Panasonic
Emerson
Century Corporation
Simons Green Energy
Shuangliang Eco-Energy Systems
Broad Air Conditioning
Tespl
Aramin Group
Dalian Bingshan Engineering & Trading Co.
Ltd.
Sanyo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Single-effect Absorption Chiller Market
Single-Effect Absorption Chillers
Double-Effect Absorption Chillers
Commercial Buildings
Industrial Facilities
Residential Cooling
Process Cooling
Small Capacity (up to 50 tons)
Medium Capacity (51-150 tons)
Large Capacity (151 tons and above)
Natural Gas
Propane
Steam
Electricity
Healthcare
Food and Beverage
Pharmaceutical
Data Centers
Hospitality
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Single-effect Absorption Chiller Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Single-effect Absorption Chiller Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Single-effect Absorption Chiller Market, By Type
6. Global Single-effect Absorption Chiller Market, By Application
7. Global Single-effect Absorption Chiller Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Single-effect Absorption Chiller Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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