Absorption Chillers Market Growth Opportunities Across Industrial Applications
The global absorption chillers market is advancing as industries and cities prioritize efficiency and eco-friendly technologies. The absorption chillers market valued at US$ 2.1 billion in 2025 , the market is expected to reach US$ 2.9 billion by 2032 , registering a CAGR of 4.7% during the forecast period. With their ability to utilize waste heat and renewable energy sources, absorption chillers are positioning themselves as a vital alternative to traditional electric chillers. Market Insights and Technology Landscape Natural gas-powered direct fired chillers are projected to maintain a dominant market share of over 50% in 2025, supported by extensive fuel infrastructure and industrial cost efficiency. On the other hand, hot water heated chillers are emerging as the fastest-growing segment, expanding at a CAGR of 5.5% through 2032 as they leverage waste heat in hospitality, healthcare, and district cooling applications. From a refrigerant perspective, lithium bromide s...