Scroll and Absorption Chillers Market Size, Share, Industry, Forecast and outlook (2023-2030)

Market Trends:

The absorption chillers market is expanding globally due to cost-effective cooling solutions, silent operation, and low maintenance. Growing popularity in solar projects and petrochemical industries further drives demand.

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Market Segmentation:

The market is segmented into scroll and absorption chillers. Scroll chillers gain traction due to easy installation, energy efficiency, and environmental friendliness. The product finds applications in various sectors, including commercial and residential spaces.

Geographical Analysis:

Asia-Pacific dominates the market share, fueled by industrialization and demand for clean energy. South Korea leads in scroll chiller sales, driven by solar power and geothermal facilities. North America and Western Europe see increased demand in HVAC applications.

Competitive Landscape:

The global market is highly competitive, with key players such as Daikin, Johnson Controls, and Trane driving growth. Local and global players contribute to the industry's dynamism, meeting the rising demand for sustainable and efficient cooling solutions.

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