Company Spotlight | Published Date : 05-August-2026
Absorption Chillers Market Size, Share and Forecast Trends - Growth Analysis and Outlook Report (2026-2035)
The absorption chillers market was valued at USD 1.46 Billion in 2025. It is projected to grow at a CAGR of 4.00% during the forecast period from 2026 to 2035, reaching USD 2.16 Billion by 2035.
Due to the rising demand for the affordable cooling options, the absorption chillers market is growing globally. The market is further expected to be propelled by the increasing demand for district heating and cooling infrastructure in the coming years. The market is primarily driven by features like silent operation, low maintenance requirements, and vibration-free operation.
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Further, the rise in popularity in the industrial sector, particularly the petrochemical industry, and the growing use of absorption chillers in solar cooling projects are projected to fuel market growth throughout the course of the projection period. Furthermore, rigorous government regulations for the use of absorption chillers is another important driver fuelling the market expansion because they are more environmentally friendly than traditional vapour compressors due to decreased emissions of pollutants and harmful gases.
The Asia Pacific region and other developing countries have triggered the rising demand for absorption chillers, which will continue to uplift the market. Due to electrical shortages caused by inadequate electricity flow in these developing countries, the application of the product is anticipated to increase. As a result of its affordability compared to more conventional alternatives, the product is in high demand among consumers.
In May 2026, Carrier announced a USD 100 million investment in a new manufacturing facility at Sri City, Andhra Pradesh, to expand its production capacity for commercial cooling, data-centre and critical-infrastructure solutions.
In May 2026, Thermax reported an 18% year-on-year increase in quarterly profit after tax and a 15% increase in annual profit after tax for FY 2025–26, supported by demand across its energy and environmental-solutions businesses.
In February 2026, LG Electronics received the AHRI Performance Award for its VRF systems and air- and water-cooled chillers for the ninth consecutive year, reflecting consistent performance across its commercial HVAC portfolio.
In February 2026, Carrier introduced the AquaEdge 30CF air-cooled centrifugal chiller for data centres, expanding its QuantumLeap thermal-management portfolio for high-density computing facilities.
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| Headquarters: | Palm Beach Gardens, Florida, United States |
| Carrier Business Origins: | 1915 |
| Current Corporation: | 2020 |
| Website: | https://www.corporate.carrier.com/ |
| Key Absorption Chillers: | 16TJ, 16LJ, 16LJ-F and 16NK series |
| Heat Sources: | Steam, hot water, industrial waste heat and cogeneration systems |
Carrier is a leading company in providing heating, air conditioning, and refrigeration solutions. It is a trusted brand which delivers efficient solutions for home heating and cooling requirements. They started by developing a refrigeration system for railroad cars. Following that, they moved forward to the cooling of spaces, ships, hospitals, and restaurants. Some of their products include air conditioners, heat pumps, and ductless systems, among others. In April 2026, Carrier expanded its investment in ZutaCore to strengthen its direct-to-chip liquid-cooling capabilities and broader QuantumLeap data-centre thermal-management portfolio.
| Headquarters: | Pune, Maharashtra, India |
| Business Establishment: | 1966 |
| Current Name Adopted: | 1980 |
| Website: | https://www.thermaxglobal.com/ |
| Key Cooling Products: | Vapour absorption chillers, heat pumps and process-cooling systems |
| Global Reach: | Operations and customers across more than 90 countries |
Thermax is a corporation that constructs and puts into operation huge boilers for the production of steam and electricity, turnkey power plants, and industrial and public wastewater treatment facilities. Over the years, it has developed significant expertise in a variety of areas, such as waste heat recovery, waste to energy, the production of green power and steam, the reduction of air pollution, process improvement chemicals, solar energy, water treatment, and recycling. In January 2026, Thermax signed a memorandum of understanding with Hindustan Petroleum Corporation Limited to explore technologies supporting energy efficiency, cleaner fuels and industrial decarbonisation.
| Headquarters: | Pune, Maharashtra, India |
| Establishment: | 1958 |
| Website: | https://www.kirloskarpneumatic.com/ |
| Stock Tickers: | NSE: KIRLPNU and BSE: 505283 |
| Key Chiller Types: | Steam-, hot-water-, exhaust- and direct-fired vapour absorption chillers |
| Key Applications: | Process cooling, air conditioning and waste-heat recovery |
Kirloskar Pneumatic Company Limited is a part of the Kirloskar Group. The products offered by the company have various applications in sectors like oil, gas, steel, railways, and defence, among others. The product portfolio of the company comprises of air compressors, refrigeration systems, vapour absorption systems, and more. Their vapour absorption chillers are of the latest design and are free of corrosion and crystallisation.
| Headquarters: | Tokyo, Japan |
| Business Origins: | 1963 |
| Current Company Established: | 2012 |
| Website: | https://www.yazaki-group.com/en/solar/ |
| Key Product Brand: | Aroace and Super Aroace |
| Key Chiller Types: | Water-, steam- and wood-pellet-fired absorption chillers |
Yazaki Energy System Corporation develops energy, air-conditioning, gas-metering, solar-thermal and environmental systems. Its absorption chiller business dates to 1970 and includes water-fired, steam-fired and wood-pellet-powered equipment. Yazaki’s water-fired absorption chillers convert low-temperature waste hot water from cogeneration, manufacturing equipment, geothermal sources and other processes into chilled water. The company reports approximately 25,000 absorption chillers in operation and more than 50 years of manufacturing experience. The company’s WFC series supports cooling capacities from approximately 5 to 100 refrigeration tons and can operate using hot water at temperatures of around 70°C to 95°C.
| Headquarters: | Seoul, South Korea |
| Establishment: | 1958 |
| Website: | https://www.lg.com/ |
| Absorption Chiller Types: | Direct-fired, steam, hot-water and hybrid systems |
| Capacity Range: | Up to approximately 2,500 refrigeration tons |
| Key Applications: | Commercial buildings, shopping centres, factories and district-energy systems |
LG Electronics, a provider of electronic products, is focused on developing new products across the globe. After the Korean War, the company was founded to produce household appliances and consumer electronics for the regional market. As a result, it was the first company in South Korea to manufacture refrigerators, radio equipment, televisions, washing machines, and air conditioners. In July 2026, LG received NVIDIA AI Factory validation for its 600 kW coolant-distribution unit, strengthening its chip-to-chiller thermal-management offering for high-density data centres.
| Headquarters: | Swords, Ireland |
| Trane Brand Origins: | 1913 |
| Current Company Name: | 2020 |
| Website: | https://www.tranetechnologies.com/ |
| Key Brand: | Trane |
| Cooling Portfolio: | Air-cooled, water-cooled, centrifugal, process and absorption-system solutions |
Trane Technologies Company, a climate control leader, is a climate innovations company that has set its standards to improve the health and well-being of their customers, communities, and the overall planet. The business has released ground-breaking goods, such as the Turbovac water chiller, which radically changed how the industry views large-building air conditioning systems.
| Headquarters: | Verdellino, Bergamo, Italy |
| Establishment: | 1956 |
| Website: | https://www.robur.com/ |
| Core Technology: | Gas absorption heat pumps and chillers |
| Energy Sources: | Natural gas, LPG and renewable ambient energy |
| Key Applications: | Commercial buildings, industrial facilities, hospitality and public infrastructure |
Robur is a leading manufacturer across the world which offers energy-efficient, gas-powered heating and cooling solutions that have a capacity to reduce environmental impact. The company’s heating systems are a profitable investment to increase the value of a building as they use up to 40% of renewable energy through air, ground, or water sources.
Also Read@ https://www.expertmarketresearch.com/pressrelease/global-absorption-chillers-market
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