Scroll and Absorption Chillers Market Overview: Major Segments, Strategic Developments, and Leading Companies

A rapidly evolving demand for efficient and sustainable cooling solutions is reshaping the scroll and absorption chillers market. As industries and commercial spaces seek to reduce carbon footprints and optimize energy use, this market is positioned for significant growth. Here's an in-depth look at its future valuation, key players, driving forces, prevailing trends, and detailed segment insights.

Projected Market Value and Growth Prospects for Scroll and Absorption Chillers
The scroll and absorption chillers market is anticipated to experience robust expansion over the coming years, reaching a valuation of $13.37 billion by 2030. This corresponds to a compound annual growth rate (CAGR) of 7.3%. The expected increase stems from several critical factors, including stricter carbon reduction goals, a rising demand for energy-efficient cooling systems, the proliferation of data centers, growth in district cooling initiatives, and the growing adoption of waste heat recovery technologies. Noteworthy trends shaping this market include greater uptake of waste heat-driven cooling, preference for low-emission chiller systems, incorporation of smart energy management controls, expansion of district cooling networks, and a focus on highly efficient HVAC solutions.

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Leading Corporations Driving the Scroll and Absorption Chillers Industry
The market features several prominent companies that are instrumental in its development. Key players include Hitachi Ltd., LG Electronics Inc., Panasonic Holdings Corporation, Midea Group Co. Ltd., Mitsubishi Electric Corporation, Haier Smart Home Co. Ltd., Daikin Industries Ltd., Johnson Controls International Plc, Carrier Global Corporation, Voltas Limited, Thermax Limited, Blue Star Limited, Star Refrigeration Private Limited, Dimplex Thermal Solutions Inc., ROBUR S.p.A., H. Stars (Guangzhou) Refrigerating Equipment Group Ltd., Aermec UK Ltd., Kaltra GmbH, BROAD U.S.A. Inc., and Shenzhen Topchiller Co. Limited.
In May 2023, Trane Technologies Plc, headquartered in Ireland, acquired MTA, an Italian manufacturer specializing in hot water absorption chillers, for an undisclosed amount. This strategic move aims to enhance Trane's portfolio with advanced, energy-efficient chiller technologies, reinforcing its commitment to sustainable cooling solutions.

Innovative Trends Accelerating Growth in Scroll and Absorption Chillers
One significant advancement influencing the market is the development of hydronic free cooling systems to boost energy efficiency and sustainability. Hydronic free cooling works by circulating a water-glycol mixture through an additional or multi-row coil to cool process fluids via heat exchange with outdoor air at low ambient temperatures.
For instance, in February 2023, Daikin, a Japanese air conditioning manufacturer, launched the second generation of R32 cooling-only chillers. These chillers expand the low global warming potential (GWP) scroll range up to 1010 kilowatts (kW), offering high-efficiency and low-carbon cooling for process, industrial, and comfort applications. This new series incorporates advanced compressor technology, environmentally friendly refrigerants, and integrated free cooling, delivering improved energy efficiency and reliable cooling performance across various sectors. The versatility of this system allows it to serve diverse cooling needs while minimizing environmental impact.

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Detailed Segment Analysis of the Scroll and Absorption Chillers Market
The scroll and absorption chillers market is segmented to provide a comprehensive understanding of its components:
1) By Type:
- Steam Absorption Chillers
- Hot Water Absorption Chillers
- Direct Fired Absorption Chillers
2) By Energy Source:
- Direct-Fired
- Steam-Fired
- Hot Water-Fired
- Exhaust Or Waste Heat Recovery
3) By Cooling Capacity:
- Less than 100 kilowatt (kW)
- 100 to 500 kilowatt (kW)
- 501 to 1,000 kilowatt (kW)
- More than 1,000 kilowatt (kW)
4) By Application:
- Commercial Buildings
- Industrial Facilities
- District Cooling Plants
- Data Centers
- Government and Institutional Facilities
5) By End User:
- HVAC Contractors and Engineering, Procurement, and Construction (EPC) Firms
- Facility Management Companies
- Industrial Process Operators
- Energy Service Companies (ESCOs)
- Real Estate Developers

Further subcategories include:
- Steam Absorption Chillers: Single-Effect, Double-Effect, Triple-Effect, Multi-Effect
- Hot Water Absorption Chillers: Single-Effect, Double-Effect, Low-Temperature Type
- Direct Fired Absorption Chillers: Single-Effect, Double-Effect, High-Efficiency Type

This segmentation offers a clear view of the diverse technologies, energy sources, capacities, and applications shaping the scroll and absorption chillers industry now and in the near future.

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This release was published on openPR.