Global Absorption Chillers Market 2019-2023

Global Absorption Chillers Market 2019-2023

About this market

Absorption chiller lodges a vital position in an HVAC&R system. It offers numerous benefits over conventional chillers, which majorly include the ability to integrate with combined heat and power (CHP) generation and district cooling infrastructure, low noise levels, improved efficiency. These advantages have accelerated the adoption of absorption chillers among various industrial end-users. They help them to reduce their overall costs and enable them to meet their environmental targets. These factors make absorption chillers an appealing option in the industrial sector and allow many industrial users to meet their environmental and regulatory targets. Technavio’s analysts have predicted that the absorption chillers market will register a CAGR of almost 4% by 2023.

Market Overview

Growing adoption of district heating and cooling infrastructure

District cooling systems are centralized air conditioning/chilling systems which can cater to the heating/cooling demand of a large geographical area. The chilled/heated water from the central system is carried to all buildings, apartments, and facilities using a common insulated pipeline network. Absorption chillers are commonly used in district cooling plants, which can process and cool massive amounts of water.

High capital and maintenance costs

Various industries are focusing on increasing the energy efficiency of their plants, reducing energy costs, and lowering the emissions, and are expected to create a significant opportunity for the growth of the global absorption chillers market. However, high initial costs and maintenance costs are major challenges that may impede the growth of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the absorption chillers market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be highly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


Technavio Announces the Publication of its Research Report – Global Absorption Chillers Market 2019-2023

Technavio recognizes the following companies as the key players in the global absorption chillers market: Johnson Controls, Shuangliang Eco-Energy Systems, Thermax, UNITED TECHNOLOGIES, YAZAKI.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the demand for reducing energy consumption and operation costs.”

According to the report, one of the major drivers for this market is the growing adoption of district heating and cooling infrastructure.

Further, the report states that one of the major factors hindering the growth of this market is the competition from alternative chiller technologies will remain the biggest challenge for the market.

Companies Mentioned

Johnson Controls

Shuangliang Eco-Energy Systems




  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global chillers market
      • Table Segments of global chillers market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • HVAC - Market size and forecast 2018-2023
      • Table HVAC - Market size and forecast 2018-2023 ($ millions)
      • Table HVAC - Year-over-year growth 2019-2023 (%)
    • Industrial - Market size and forecast 2018-2023
      • Table Industrial - Market size and forecast 2018-2023 ($ millions)
      • Table Industrial - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision Framework
  • Drivers and challenges
    • Market drivers
      • Table Benefits of absorption chillers
      • Table Array of applications of absorption chillers in industrial sector
    • Market challenges
      • Table Comparison of performance of various chillers (1,000-ton cooling capacity)
      • Table Comparison of various commercial refrigerants
      • Table Impact of drivers and challenges
  • Market trends
    • Table US household energy consumption by end-users 2016 (%)
    • Table Benefits of smart connected chillers
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Johnson Controls
      • Table Johnson Controls - Vendor overview
      • Table Johnson Controls - Business segments
      • Table Johnson Controls - Organizational developments
      • Table Johnson Controls - Segment focus
      • Table Johnson Controls - Key offerings
    • Shuangliang Eco-Energy Systems
      • Table Shuangliang Eco-Energy Systems - Vendor overview
      • Table Shuangliang Eco-Energy Systems - Business Segments
      • Table Shuangliang Eco-Energy Systems - Key offerings
    • Thermax
      • Table Thermax - Vendor overview
      • Table Thermax - Business segments
      • Table Thermax - Organizational developments
      • Table Thermax - Geographic focus
      • Table Thermax - Segment focus
      • Table Thermax - Key offerings
      • Table UNITED TECHNOLOGIES - Vendor overview
      • Table UNITED TECHNOLOGIES - Business segments
      • Table UNITED TECHNOLOGIES - Organizational developments
      • Table UNITED TECHNOLOGIES - Geographic focus
      • Table UNITED TECHNOLOGIES - Segment focus
      • Table UNITED TECHNOLOGIES - Key offerings
    • YAZAKI
      • Table YAZAKI - Vendor overview
      • Table YAZAKI - Business segments
      • Table YAZAKI - Organizational developments
      • Table YAZAKI - Geographic focus
      • Table YAZAKI - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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