Global Absorption Chillers Market to Reach $1.7 Billion by 2030
The global market for Absorption Chillers estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2022-2030. HVAC, one of the segments analyzed in the report, is projected to record 2.2% CAGR and reach US$1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Industrial segment is readjusted to a revised 3.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $381 Million, While China is Forecast to Grow at 5.2% CAGR
The Absorption Chillers market in the U.S. is estimated at US$381 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$333.3 Million by the year 2030 trailing a CAGR of 5.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR.Select Competitors (Total 29 Featured) -
- Carrier Corporation
- Century Corporation
- CNIM Group
- Colibri-bv
- EAW Energieanlagenbau GmbH
- Ebara Refrigeration Equipment & Systems Co., Ltd.
- Hitachi Appliances Inc.
- Johnson Controls
- LG Electronics
- Robur SpA
- Shuangliang Eco-Energy Systems Co., Ltd.
- Thermax Limited
- Trane Inc.
- Yazaki Energy Systems Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Carrier Corporation
- Century Corporation
- CNIM Group
- Colibri-bv
- EAW Energieanlagenbau GmbH
- Ebara Refrigeration Equipment & Systems Co., Ltd.
- Hitachi Appliances Inc.
- Johnson Controls
- LG Electronics
- Robur SpA
- Shuangliang Eco-Energy Systems Co., Ltd.
- Thermax Limited
- Trane Inc.
- Yazaki Energy Systems Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 267 |
Published | May 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 1.4 Billion |
Forecasted Market Value ( USD | $ 1.8 Billion |
Compound Annual Growth Rate | 3.7% |
Regions Covered | Global |