Asia Pacific Absorption Chillers Market Size, Share & Industry Trends Analysis Report By Application, By End User, By Refrigerant Type (Lithium Bromide and Ammonia), By Energy Source (Hot Water Treated, Steam Heated), By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Absorption Chillers Market would witness market growth of 4.7% CAGR during the forecast period (2022-2028).

An absorption chiller is large and more complex, but the basic principle is the same. The evaporator allows the refrigerant to evaporate and be absorbed by the absorbent, which extracts heat from the chilled water loop. The combined fluids then go to the generator, heated by steam or hot water gas, driving the refrigerant back out of the absorbent. While the absorbent is pumped back to the absorber, the refrigerant moves back to the condenser to cool down to a liquid. The cooled refrigerant is released through an expansion valve into the evaporator, and all this keeps on repeating.

As industrialists are significantly adopting environmental safety measures amid the increasing pressure due to the stringent regulations by different government bodies, absorption chillers, especially solar-powered absorption chillers, are getting widely utilized. Also, developing nations are creating many new opportunities for the manufacturing sector, inspiring absorption chiller manufacturers to increase their business in such regions, which is expected to surge the growth of the absorption chillers market.

The increasing disposable income of the Chinese consumer, especially in recent times, is assisting in improving China's food and beverages industry. There is a prominent awareness about the importance of health which has caused a prominent rise in dairy and dry fruits sales, further pushing the food & beverages companies to decrease the amount of sugar and utilize high-quality ingredients. The robust presence of the food & beverages sector, joined with the increasing urbanization and the requirement for healthy foods, is surging the sector's growth which will increase the usage of absorption chillers and hence boost the market's expansion in the Asia Pacific region.

The China market dominated the Asia Pacific Absorption Chillers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $224.2 million by 2028. The Japan market is estimated to grow a CAGR of 4.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.4% during (2022 - 2028).

Based on Application, the market is segmented into Chemical, Oil & Gas, Food & Beverages and Others. Based on End User, the market is segmented into Industrial, Commercial and Residential. Based on Refrigerant Type, the market is segmented into Lithium Bromide and Ammonia. Based on Energy Source, the market is segmented into Hot Water Treated, Steam Heated and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Absorption Chillers Market is Projected to reach USD 1.9 Billion by 2028, at a CAGR of 4.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics (LG Corporation), Carrier Global Corporation, Thermax Limited, Hitachi, Ltd., Trane Technologies PLC, Johnson Controls International PLC, World Energy Co., Ltd., EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH), Yazaki Corporation, and Styne Group.

Scope of the Study

Market Segments Covered in the Report:

By Application

• Chemical
• Oil & Gas
• Food & Beverages
• Others

By End User

• Industrial
• Commercial
• Residential

By Refrigerant Type

• Lithium Bromide
• Ammonia

By Energy Source

• Hot Water Treated
• Steam Heated
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• LG Electronics (LG Corporation)
• Carrier Global Corporation
• Thermax Limited
• Hitachi, Ltd.
• Trane Technologies PLC
• Johnson Controls International PLC
• World Energy Co., Ltd.
• EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
• Yazaki Corporation
• Styne Group

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Absorption Chillers Market, by Application
1.4.2 Asia Pacific Absorption Chillers Market, by End User
1.4.3 Asia Pacific Absorption Chillers Market, by Refrigerant Type
1.4.4 Asia Pacific Absorption Chillers Market, by Energy Source
1.4.5 Asia Pacific Absorption Chillers Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Asia Pacific Absorption Chillers Market by Application
3.1 Asia Pacific Chemical Market by Country
3.2 Asia Pacific Oil & Gas Market by Country
3.3 Asia Pacific Food & Beverages Market by Country
3.4 Asia Pacific Others Market by Country

Chapter 4. Asia Pacific Absorption Chillers Market by End User
4.1 Asia Pacific Industrial Market by Country
4.2 Asia Pacific Commercial Market by Country
4.3 Asia Pacific Residential Market by Country

Chapter 5. Asia Pacific Absorption Chillers Market by Refrigerant Type
5.1 Asia Pacific Lithium Bromide Market by Country
5.2 Asia Pacific Ammonia Market by Country

Chapter 6. Asia Pacific Absorption Chillers Market by Energy Source
6.1 Asia Pacific Hot Water Treated Market by Country
6.2 Asia Pacific Steam Heated Market by Country
6.3 Asia Pacific Others Market by Country

Chapter 7. Asia Pacific Absorption Chillers Market by Country
7.1 China Absorption Chillers Market
7.1.1 China Absorption Chillers Market by Application
7.1.2 China Absorption Chillers Market by End User
7.1.3 China Absorption Chillers Market by Refrigerant Type
7.1.4 China Absorption Chillers Market by Energy Source
7.2 Japan Absorption Chillers Market
7.2.1 Japan Absorption Chillers Market by Application
7.2.2 Japan Absorption Chillers Market by End User
7.2.3 Japan Absorption Chillers Market by Refrigerant Type
7.2.4 Japan Absorption Chillers Market by Energy Source
7.3 India Absorption Chillers Market
7.3.1 India Absorption Chillers Market by Application
7.3.2 India Absorption Chillers Market by End User
7.3.3 India Absorption Chillers Market by Refrigerant Type
7.3.4 India Absorption Chillers Market by Energy Source
7.4 South Korea Absorption Chillers Market
7.4.1 South Korea Absorption Chillers Market by Application
7.4.2 South Korea Absorption Chillers Market by End User
7.4.3 South Korea Absorption Chillers Market by Refrigerant Type
7.4.4 South Korea Absorption Chillers Market by Energy Source
7.5 Singapore Absorption Chillers Market
7.5.1 Singapore Absorption Chillers Market by Application
7.5.2 Singapore Absorption Chillers Market by End User
7.5.3 Singapore Absorption Chillers Market by Refrigerant Type
7.5.4 Singapore Absorption Chillers Market by Energy Source
7.6 Malaysia Absorption Chillers Market
7.6.1 Malaysia Absorption Chillers Market by Application
7.6.2 Malaysia Absorption Chillers Market by End User
7.6.3 Malaysia Absorption Chillers Market by Refrigerant Type
7.6.4 Malaysia Absorption Chillers Market by Energy Source
7.7 Rest of Asia Pacific Absorption Chillers Market
7.7.1 Rest of Asia Pacific Absorption Chillers Market by Application
7.7.2 Rest of Asia Pacific Absorption Chillers Market by End User
7.7.3 Rest of Asia Pacific Absorption Chillers Market by Refrigerant Type
7.7.4 Rest of Asia Pacific Absorption Chillers Market by Energy Source

Chapter 8. Company Profiles
8.1 LG Electronics (LG Corporation)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Carrier Global Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.3 Thermax Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.4 Hitachi, Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.5 Trane Technologies PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expense
8.6 Johnson Controls International PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental & Regional Analysis
8.6.4 Research & Development Expenses
8.7 World Energy Co., Ltd.
8.7.1 Company Overview
8.8 EAW Energieanlagenbau GmbH (WEGRA Anlagenbau GmbH)
8.8.1 Company Overview
8.9 Yazaki Corporation
8.9.1 Company Overview
8.10. Styne Group
8.10.1 Company Overview

TABLE 1 Asia Pacific Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Chemical Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Chemical Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Residential Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Residential Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Lithium Bromide Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Lithium Bromide Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Ammonia Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Ammonia Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Hot Water Treated Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Hot Water Treated Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Steam Heated Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Steam Heated Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Absorption Chillers Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Absorption Chillers Market by Country, 2022 - 2028, USD Million
TABLE 37 China Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 38 China Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 39 China Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 40 China Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 41 China Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 42 China Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 43 China Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 44 China Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 45 China Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 46 China Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 47 Japan Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 48 Japan Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 49 Japan Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 50 Japan Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 51 Japan Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 52 Japan Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 53 Japan Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 54 Japan Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 55 Japan Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 56 Japan Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 57 India Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 58 India Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 59 India Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 60 India Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 61 India Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 62 India Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 63 India Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 64 India Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 65 India Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 66 India Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 67 South Korea Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 68 South Korea Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 69 South Korea Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 70 South Korea Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 71 South Korea Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 72 South Korea Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 73 South Korea Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 74 South Korea Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 75 South Korea Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 76 South Korea Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 77 Singapore Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 78 Singapore Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 79 Singapore Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 80 Singapore Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 81 Singapore Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 82 Singapore Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 83 Singapore Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 84 Singapore Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 85 Singapore Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 86 Singapore Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 87 Malaysia Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 88 Malaysia Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 89 Malaysia Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 90 Malaysia Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 91 Malaysia Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 92 Malaysia Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 93 Malaysia Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 94 Malaysia Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 95 Malaysia Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 96 Malaysia Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 107 Key information – LG Electronics, Inc.
TABLE 108 Key Information – Carrier Global Corporation
TABLE 109 Key Information – Thermax Limited
TABLE 110 Key Information – Hitachi, Ltd.
TABLE 111 Key Information – Trane Technologies PLC
TABLE 112 Key Information – Johnson Controls International PLC
TABLE 113 Key Information – World Energy Co., Ltd.
TABLE 114 Key Information – EAW Energieanlagenbau GmbH
TABLE 115 key information – Yazaki Corporation
TABLE 116 Key Information – Styne Group

List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: LG Corporation