The North America Absorption Chillers Market would witness market growth of 3.8% CAGR during the forecast period (2022-2028).
The cycle of an absorption chiller and refrigeration cycle for a conventional vapor-compression chiller is identical in producing chilled water through the evaporation and condensation of a refrigerant at various pressures within the machine. However, a traditional chiller uses mechanical means to compress and transport the refrigerant vapor to the condenser.
In contrast, an absorption chiller depends on a thermos-chemical process involving water and lithium bromide to establish the pressure differential instead of mechanical compression. While most vapor-compression chillers use electricity as their energy source for machine operation, absorption chillers use heat as their energy. Generally, the heat is steam, hot water, or direct natural gas combustion. The most straightforward absorption machines are residential refrigerators, with a gas flame at the bottom, ice cubes at the top, and no need for electricity.
The chemical sector of the US converts raw materials into more than 70,000 products that are important to modern life and distributes these products to many end users throughout the nation. Many hundred thousand chemical facilities range from petrochemical manufacturers to chemical distributors who utilize, store, manufacture, transport, and deliver chemicals along a complex supply chain. End users of these products are essential infrastructure sectors making the uninterrupted production and supply of these chemicals necessary for the nation. The US chemical industry is responsible for more than a quarter of the US GDP and assists the production of almost all households and commercial goods. This supports the growth of the regional market.
The US market dominated the North America Absorption Chillers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $372.4 million by 2028. The Canada market is poised to grow at a CAGR of 6.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Absorption Chillers Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Absorption Chillers Market, by Application
1.4.2 North America Absorption Chillers Market, by End User
1.4.3 North America Absorption Chillers Market, by Refrigerant Type
1.4.4 North America Absorption Chillers Market, by Energy Source
1.4.5 North America 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. North America Absorption Chillers Market by Application
3.1 North America Chemical Market by Country
3.2 North America Oil & Gas Market by Country
3.3 North America Food & Beverages Market by Country
3.4 North America Others Market by Country
Chapter 4. North America Absorption Chillers Market by End User
4.1 North America Industrial Market by Country
4.2 North America Commercial Market by Country
4.3 North America Residential Market by Country
Chapter 5. North America Absorption Chillers Market by Refrigerant Type
5.1 North America Lithium Bromide Market by Country
5.2 North America Ammonia Market by Country
Chapter 6. North America Absorption Chillers Market by Energy Source
6.1 North America Hot Water Treated Market by Country
6.2 North America Steam Heated Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Absorption Chillers Market by Country
7.1 US Absorption Chillers Market
7.1.1 US Absorption Chillers Market by Application
7.1.2 US Absorption Chillers Market by End User
7.1.3 US Absorption Chillers Market by Refrigerant Type
7.1.4 US Absorption Chillers Market by Energy Source
7.2 Canada Absorption Chillers Market
7.2.1 Canada Absorption Chillers Market by Application
7.2.2 Canada Absorption Chillers Market by End User
7.2.3 Canada Absorption Chillers Market by Refrigerant Type
7.2.4 Canada Absorption Chillers Market by Energy Source
7.3 Mexico Absorption Chillers Market
7.3.1 Mexico Absorption Chillers Market by Application
7.3.2 Mexico Absorption Chillers Market by End User
7.3.3 Mexico Absorption Chillers Market by Refrigerant Type
7.3.4 Mexico Absorption Chillers Market by Energy Source
7.4 Rest of North America Absorption Chillers Market
7.4.1 Rest of North America Absorption Chillers Market by Application
7.4.2 Rest of North America Absorption Chillers Market by End User
7.4.3 Rest of North America Absorption Chillers Market by Refrigerant Type
7.4.4 Rest of North America 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 North America Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 2 North America Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 3 North America Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Chemical Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Chemical Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 14 North America Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 15 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 22 North America Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 23 North America Lithium Bromide Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Lithium Bromide Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Ammonia Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Ammonia Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 28 North America Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 29 North America Hot Water Treated Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Hot Water Treated Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Steam Heated Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Steam Heated Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Absorption Chillers Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Absorption Chillers Market by Country, 2022 - 2028, USD Million
TABLE 37 US Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 38 US Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 39 US Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 40 US Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 41 US Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 42 US Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 43 US Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 44 US Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 45 US Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 46 US Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 47 Canada Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 48 Canada Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 49 Canada Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 50 Canada Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 51 Canada Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 52 Canada Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 53 Canada Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 54 Canada Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 55 Canada Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 56 Canada Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 57 Mexico Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 58 Mexico Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 59 Mexico Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 60 Mexico Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 61 Mexico Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 62 Mexico Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 63 Mexico Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 64 Mexico Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 65 Mexico Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 66 Mexico Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 67 Rest of North America Absorption Chillers Market, 2018 - 2021, USD Million
TABLE 68 Rest of North America Absorption Chillers Market, 2022 - 2028, USD Million
TABLE 69 Rest of North America Absorption Chillers Market by Application, 2018 - 2021, USD Million
TABLE 70 Rest of North America Absorption Chillers Market by Application, 2022 - 2028, USD Million
TABLE 71 Rest of North America Absorption Chillers Market by End User, 2018 - 2021, USD Million
TABLE 72 Rest of North America Absorption Chillers Market by End User, 2022 - 2028, USD Million
TABLE 73 Rest of North America Absorption Chillers Market by Refrigerant Type, 2018 - 2021, USD Million
TABLE 74 Rest of North America Absorption Chillers Market by Refrigerant Type, 2022 - 2028, USD Million
TABLE 75 Rest of North America Absorption Chillers Market by Energy Source, 2018 - 2021, USD Million
TABLE 76 Rest of North America Absorption Chillers Market by Energy Source, 2022 - 2028, USD Million
TABLE 77 Key information – LG Electronics, Inc.
TABLE 78 Key Information – Carrier Global Corporation
TABLE 79 Key Information – Thermax Limited
TABLE 80 Key Information – Hitachi, Ltd.
TABLE 81 Key Information – Trane Technologies PLC
TABLE 82 Key Information – Johnson Controls International PLC
TABLE 83 Key Information – World Energy Co., Ltd.
TABLE 84 Key Information – EAW Energieanlagenbau GmbH
TABLE 85 key information – Yazaki Corporation
TABLE 86 Key Information – Styne Group
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: LG Corporation