Absorption Cooling System Market Size - By Product Type (Ammonia-water Absorption Systems, Lithium Bromide-water Absorption Systems, Others), By Heat Source (Natural Gas, Steam, Hot Water, Waste Heat, Solar Energy), By Cooling Capacity & Forecast 2024 – 2032

Thermax Limited, Kirloskar Pneumatic Company Ltd, Trane Technologies plc, Johnson Controls, Inc., Carrier Global Corporation, Robur Corporation, LG Electronics, Inc., Shuangliang Eco-Energy Systems Co. Ltd., and Kawasaki Thermal Engineering Co., Ltd., among others.

The market size of absorption cooling system was reached USD 2.58 billion in 2023 and will grow at 4.5% CAGR between 2024 and 2032, attributed to the integration of renewable energy as well as increasing green building initiatives & regulations.

Asia Pacific absorption cooling system market held 15.7% share in 2023 and is set to reach USD 1.01 billion by 2032, due to stringent regulations to reduce GHG emissions and promotion of energy-efficient technologies.

Ammonia-water absorption cooling system market generated a revenue of USD 1.09 billion in 2023 and is set to cross USD 1.6 billion by 2032, due to their environment-friendly nature.