The Europe Absorption Chillers Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
Absorption chillers are either ammonia-water or lithium bromide-water equipment. The system utilizes water as the refrigerant and bromide as the absorber. The ammonia-water system utilizes water as the ammonia and the absorber as the refrigerant. It is known as the single-effect cycle when the fluids are transferred through the refrigeration machine's four major components: the absorber, evaporator condenser, and generator.
Single-effect LiBr/ H2O absorption chillers use hot water or a low-pressure stem as the heat source. The water can evaporate and extract heat in the evaporator, as the system is under a vacuum. The thermal efficiency of a single-effect absorption system is low. Many new single-effect machines are installed in industries where waste heat is present in hefty amount. Single-effect chillers can be used to make chilled water for air conditioning and cooling process water and are present in capacities from 100 to 1,500 tonnes of refrigeration (TR).
Germany’s chemical industry comes number one in Europe. Businesses and research institutes invest substantially in research and development activities. This makes the sector a significant force for innovation. The chemical industry is working to create state-of-the-art technologies by developing new materials, high-performance chemicals, and plastics. The ever-growing chemical industry and its contribution towards the zero-emission targets set by many governments are anticipated to surge the usage of absorption chillers and thereby drive market growth in the region.
The Germany market dominated the Europe Absorption Chillers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $104.5 million by 2028. The UK market is anticipated to grow at a CAGR of 3.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 4.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Absorption Chillers Market will Hit $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
By Energy Source
- Hot Water Treated
- Steam Heated
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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
TABLE 1 Europe Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 2 Europe Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 3 Europe Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 4 Europe Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 5 Europe Chemical Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Chemical Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 14 Europe Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 15 Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Residential Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Residential Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 22 Europe Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 23 Europe Lithium Bromide Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Lithium Bromide Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Ammonia Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Ammonia Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 28 Europe Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 29 Europe Hot Water Treated Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Hot Water Treated Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Steam Heated Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Steam Heated Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Absorption Chillers Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Absorption Chillers Market by Country, 2022 - 2028, USD Million
TABLE 37 Germany Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 38 Germany Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 39 Germany Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 40 Germany Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 41 Germany Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 42 Germany Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 43 Germany Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 44 Germany Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 45 Germany Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 46 Germany Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 47 UK Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 48 UK Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 49 UK Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 50 UK Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 51 UK Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 52 UK Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 53 UK Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 54 UK Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 55 UK Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 56 UK Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 57 France Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 58 France Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 59 France Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 60 France Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 61 France Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 62 France Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 63 France Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 64 France Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 65 France Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 66 France Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 67 Russia Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 68 Russia Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 69 Russia Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 70 Russia Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 71 Russia Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 72 Russia Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 73 Russia Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 74 Russia Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 75 Russia Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 76 Russia Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 77 Spain Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 78 Spain Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 79 Spain Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 80 Spain Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 81 Spain Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 82 Spain Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 83 Spain Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 84 Spain Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 85 Spain Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 86 Spain Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 87 Italy Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 88 Italy Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 89 Italy Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 90 Italy Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 91 Italy Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 92 Italy Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 93 Italy Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 94 Italy Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 95 Italy Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 96 Italy Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 103 Rest of Europe Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 104 Rest of Europe Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 105 Rest of Europe Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 106 Rest of Europe 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