Global Scroll and Absorption Chillers Market to Reach US$10.9 Billion by 2030
The global market for Scroll and Absorption Chillers estimated at US$8.0 Billion in the year 2024, is expected to reach US$10.9 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2024-2030. Scroll Chillers, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$7.8 Billion by the end of the analysis period. Growth in the Absorption Chillers segment is estimated at 4.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.1 Billion While China is Forecast to Grow at 8.4% CAGR
The Scroll and Absorption Chillers market in the U.S. is estimated at US$2.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.8% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Global Scroll and Absorption Chillers Market - Key Trends and Drivers Summarized
Scroll and absorption chillers are integral components of modern cooling systems, offering efficient and sustainable solutions for commercial, industrial, and residential applications. Scroll chillers, known for their quiet operation and high energy efficiency, are widely used in HVAC systems for cooling and air conditioning purposes. Absorption chillers, on the other hand, utilize heat sources like steam, hot water, or natural gas to provide cooling, making them ideal for applications where waste heat is available. The market for scroll and absorption chillers is growing as industries and commercial sectors increasingly focus on energy efficiency, sustainability, and reducing carbon footprints. The global push towards green building standards and sustainable cooling solutions is further driving the adoption of these advanced chiller technologies.
What Technological Innovations Are Driving the Scroll and Absorption Chillers Market?
Technological innovations are playing a vital role in advancing the scroll and absorption chillers market, enhancing performance, efficiency, and environmental sustainability. The development of low-global warming potential (GWP) refrigerants and variable-speed compressors is significantly boosting the energy efficiency of scroll chillers, reducing operational costs and environmental impact. In absorption chillers, advancements in thermally activated cooling systems and hybrid absorption technologies are expanding their use in district cooling, combined heat and power (CHP) systems, and renewable energy applications. The integration of smart controls and IoT-based monitoring systems is enabling real-time performance optimization, predictive maintenance, and better energy management, making these chillers more efficient and reliable. These innovations are driving the demand for scroll and absorption chillers across various sectors.
What Market Trends Are Influencing the Demand for Scroll and Absorption Chillers?
Several market trends are influencing the demand for scroll and absorption chillers, including the rising focus on energy-efficient cooling solutions in commercial and industrial buildings. The expansion of data centers, which require reliable and energy-efficient cooling systems, is a significant driver for the adoption of advanced chiller technologies. The growing awareness of climate change and the need to reduce carbon emissions are also contributing to the increased use of low-GWP refrigerants in scroll chillers. In urban areas, the rising trend of district cooling systems is driving demand for absorption chillers that utilize waste heat or renewable energy sources. Additionally, the hospitality, healthcare, and food and beverage industries are increasingly adopting scroll and absorption chillers to comply with sustainability standards and reduce energy consumption.
What Drives the Growth in the Scroll and Absorption Chillers Market?
The growth in the scroll and absorption chillers market is driven by several factors, including technological advancements, increasing demand for energy-efficient cooling solutions, and expanding applications in various sectors. The growing focus on reducing energy consumption and operational costs in commercial and industrial buildings is driving the adoption of advanced scroll chillers with variable-speed technology. The rise of data centers and the need for reliable cooling solutions are creating new opportunities for high-efficiency chillers. The increasing use of absorption chillers in district cooling systems and CHP applications is also contributing to market growth. Moreover, government regulations promoting the use of low-GWP refrigerants and sustainable cooling solutions are supporting the adoption of scroll and absorption chillers, further driving the market forward.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
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APRIL 2025: NEGOTIATION PHASE
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