Scroll And Absorption Chillers Market Expected to Reach $6 Billion by 2032 - AMR

The global market for scroll and absorption chillers reached $4 billion in 2020 and is anticipated to climb to $6 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2032. These refrigeration systems employ scroll compressors to produce cold water or chilled fluid, functioning on the principles of compression and expansion to absorb and release heat. Unlike traditional compression-based systems, absorption chillers utilize heat energy such as steam, hot water, or gas to facilitate the cooling process, employing a combination of refrigerant and absorbent fluid to generate chilled water.

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The demand for district cooling systems in industries and high-rise buildings is anticipated to propel market growth during the forecast period. District cooling, also known as centralized cooling energy distribution, offers a more cost-effective and energy-efficient alternative to traditional air-cooling systems. Additionally, advancements in the tourism sector are expected to drive construction activities, particularly in hotels and public infrastructure, where scroll and absorption chillers find extensive application. The proliferation of skyscrapers further contributes to market expansion, as these systems are integral for cooling and ventilation in tall buildings.



Government investments in construction projects are fueling the demand for scroll and absorption chillers, particularly for temperature control purposes. Urbanization and increasing disposable incomes are also driving market growth, alongside government initiatives promoting sustainable development and smart cities. The market is segmented based on product type, power range, end-user, and region, with major categories including air-cooled and water-cooled chillers, varying power ranges, and diverse end-user industries such as chemicals, petrochemicals, food and beverages, medical, and others.

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Regionally, the market spans North America, Europe, Asia-Pacific, and LAMEA, with key players adopting strategies like product launches and acquisitions to stay competitive. For example, Carrier Global Corporation introduced the Aqua Force Vision 30KAV chiller with puretec refrigerant in March 2022. This compact, energy-efficient system offers an ultra-low GWP refrigerant alternative, catering to various industrial applications requiring reliable cooling.



Major players in the market include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Dimplex Thermal Solutions, LG Electronics, Johnson Controls International Plc, Gree Electric Appliances Inc of Zhuhai, Midea Group Co. Ltd, Thermax Ltd., and Trane Technologies Plc.



Stakeholders benefit from this report's quantitative analysis, which spans market segments, trends, estimations, and dynamics from 2020 to 2032. Additionally, insights into key drivers, restraints, opportunities, and Porter's five forces analysis aid stakeholders in making informed decisions. The report also facilitates benchmarking and offers a comprehensive understanding of market trends, key players, segments, application areas, and growth strategies in the scroll and absorption chillers industry, both regionally and globally.

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