Scroll and absorption chillers market is projected to reach $6 billion by 2032, growing at a CAGR of 3.3% from 2023 to 2032.

The global scroll and absorption chillers market was valued at $4 billion in 2020 and is projected to reach $6 billion by 2032, expanding at a compound annual growth rate (CAGR) of 3.3% from 2023 to 2032. The market is gaining momentum due to increasing industrialization, the rising demand for energy-efficient cooling technologies, and growing environmental awareness across multiple sectors.

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Scroll and Absorption Chillers: A Comparative Overview
Scroll chillers are refrigeration systems that use scroll compressors to compress refrigerants and cool water or other fluids. Their design includes fewer moving parts, making them quieter, easier to maintain, and more energy-efficient than traditional compressors. In contrast, absorption chillers utilize waste heat from industrial processes or direct heat sources such as burning fuel. They operate using a combination of generators, condensers, evaporators, and absorbers, typically powered by a mixture of refrigerants and absorbents such as lithium bromide or ammonia.

A key advantage of absorption chillers is their ability to operate without relying on electricity, using thermal energy instead. This makes them especially suitable in regions where electricity is expensive or unreliable. Although absorption chillers have a lower Coefficient of Performance (COP) than electrically powered chillers, their use of low-cost or waste heat offsets this limitation. Additionally, they are more environmentally friendly since they don't utilize synthetic refrigerants like hydrofluorocarbons (HFCs), which contribute significantly to global warming.

On the other hand, scroll chillers offer a high COP and can deliver significant energy savings in temperature-sensitive industrial environments. Their energy-efficient operation allows businesses to reduce operational costs while maintaining optimal performance.

Market Drivers and Trends
Industrial Expansion and Government Support
The rising number of industrial establishments worldwide is a key growth driver for scroll and absorption chillers. Industries such as food and beverage, pharmaceuticals, petrochemicals, and metal processing require reliable cooling solutions to maintain equipment efficiency and ensure product quality. High-temperature industrial processes often produce waste heat, which absorption chillers can effectively utilize.

Government initiatives to support industrial development further stimulate market demand. For example, Argentina launched a $3.2 billion Argentine Credit Programme in October 2022 to support industrial and agro-industrial projects. Similarly, Vietnam is developing nearly 400 industrial parks, indicating a strong push for industrial infrastructure growth, which is expected to bolster demand for both scroll and absorption chillers.

Urbanization and Construction Boom
The increasing global population and urbanization are contributing to the construction of residential and commercial complexes, including office buildings, malls, airports, and hospitals. These infrastructures require energy-efficient and low-maintenance cooling systems, making scroll and absorption chillers integral to modern HVAC (Heating, Ventilation, and Air Conditioning) systems.

Demand for Eco-Friendly Cooling Technologies
With growing environmental concerns, there is rising demand for sustainable cooling solutions. Absorption chillers, which utilize heat sources like solar energy, hot air, and recycled process heat, offer a greener alternative to traditional systems. They produce minimal noise and contain fewer mechanical components, which reduces maintenance costs and increases reliability.

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Additionally, the lack of harmful refrigerants in absorption chillers aligns with global efforts to reduce greenhouse gas emissions. As refrigerant leakage remains a major concern-about 25% of refrigerants leak annually-non-refrigerant-based technologies are gaining attention as a viable, eco-conscious option.

Market Challenges
Despite their many benefits, both scroll and absorption chillers face challenges, primarily due to their high installation and initial investment costs. For instance, the cost to install a water-cooled chiller plant can range between $340,000 and $400,000, while an air-cooled chiller system may cost around $260,000. This significant capital requirement can deter small and medium enterprises from adopting such systems.

Furthermore, global economic uncertainties caused by geopolitical tensions, such as the ongoing conflict between Russia and Ukraine, have led to volatility in energy and raw material prices. Russia's limited access to global oil and gas markets has negatively impacted industries worldwide, particularly in Europe and parts of Asia-Pacific, where energy imports are crucial. Inflation and supply chain disruptions have further constrained industrial activities, affecting the scroll and absorption chillers market.

Segment Analysis
By Product Type
Based on product type, air-cooled scroll and absorption chillers held the largest share of revenue in 2020. These chillers are favored due to their ease of installation and operation. However, water-cooled chillers, although more complex, offer higher reliability and efficiency, especially in large-scale industrial operations. With rising industrial output, demand for water-cooled systems is expected to grow substantially over the forecast period.

By Power Range
In terms of power range, chillers with more than 200 kW capacity dominated the market in 2020. These units are widely used in large facilities with substantial cooling needs. However, the less than 50 kW segment is projected to grow at the fastest rate, driven by demand for compact, energy-efficient systems suitable for smaller facilities or modular industrial setups.

By End User Industry
The chemicals and petrochemicals industry was the leading end user in 2020, largely due to its high energy usage and critical cooling requirements. As these industries grow globally, particularly in developing regions, they are expected to generate sustained demand for industrial chillers. Other significant end users include the food and beverage, medical, and construction sectors, where temperature-sensitive processes require consistent and reliable cooling.

Regional Insights
Regionally, Asia-Pacific held the largest market share in 2020, fueled by rapid urbanization, population growth, and an expanding industrial base. Countries like India, China, Vietnam, and Indonesia are investing heavily in manufacturing and infrastructure, driving demand for efficient cooling systems.

North America also represents a significant market, particularly due to the presence of advanced chemical and petrochemical infrastructure in the U.S. and Canada. Meanwhile, Mexico is emerging as a hotspot for industrial growth, contributing to rising demand for chillers in the region.

In Europe, industrial output has been hit hard due to energy constraints caused by geopolitical instability. Nevertheless, nations like Germany, the UK, and France continue to invest in green technologies, which may help support the adoption of absorption chillers in the region.

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Competitive Landscape
Key players operating in the global scroll and absorption chillers 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

Trane Technologies Plc

These companies are focusing on technological advancements to produce high-performance, energy-efficient chillers that align with global sustainability goals. Innovations in automation, remote monitoring, and smart control systems are expected to shape the future of the market.

The global scroll and absorption chillers market is poised for steady growth, driven by expanding industrialization, rising urbanization, environmental awareness, and energy efficiency needs. While economic uncertainties and high capital costs present challenges, increasing demand for sustainable and cost-effective cooling solutions offers significant growth opportunities for manufacturers and stakeholders alike.

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