The scroll & Absorption Chillers Market is Segmented By Product (Scroll Chillers, Absorption Chillers), By Capacity (<100 KW, 101 KW–300 KW, 301 KW–700 KW, >701 KW), By End-User (Commercial, Industrial, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Scroll & Absorption Chillers Market Overview
Scroll & Absorption chillers market is estimated to reach at a CAGR of 2.2% within the forecast period (2023-2030).
The scroll & absorption are two different types of chillers that offer different functions and properties. A scroll compressor compresses fluids, in this example refrigerant, by utilizing two interleaving scrolls (one scroll within the other).
Scroll compressors are quieter, smoother, and more reliable than other compressor types. Water-cooled scroll chillers typically feature numerous compressors in one or two refrigeration circuits.
Furthermore, Absorption chillers are freezers that employ a heat source to provide the necessary energy to drive the cooling process. They are mostly used in food storage and air conditioning. Absorption chillers use waste heat from a turbine or a water heater. These chillers use low-boiling-point refrigerants like ammonia and lithium bromide. Evaporation, absorption, and regeneration are the three steps of the cooling cycle. Absorption chillers are employed in the household, commercial and industrial sectors.
Absorption chillers use a variety of energy sources to drive the chilling process, including gas, water, and electricity. Absorption chillers are widely utilized in educational institutions, hotels, hospitals, food trucks, and other places due to their low operating costs.
Scroll & Absorption Chillers Market Scope
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Metrics |
Details |
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Market CAGR |
2.2% |
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Segments Covered |
By Product, By Capacity, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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Scroll & Absorption Chillers Market Dynamics
Growing demand for cost-effective absorption chillers coupled with a wide application range of absorption chillers in the marine industry has escalated the demand for the product, leading to a boost in the market share.
Growing demand for cost-effective absorption chillers coupled with a wide application range of absorption chillers in the marine industry has escalated the demand for the product, leading to a boost in the market share
The global demand for absorption chillers market is expanding due to the growing popularity of these cost-effective cooling solutions. Various qualities such as inaudible and vibration-free operation and minimal maintenance and operational expenses are major global drivers in the absorption chillers demand.
Furthermore, the widespread usage of absorption chillers in solar cooling projects and their growing popularity in the industrial sector, particularly in the petrochemical industry, is likely to improve absorption chillers' expansion throughout the forecast period.
Stringent government regulations on absorption chillers are another significant reason for expanding the market. Absorption chillers are more environmentally friendly than conventional vapor compressors since they emit fewer pollutants and hazardous gases.
Furthermore, as the maritime industry faces issues such as rising operational expenses and waste heat, which, when vented, has a detrimental impact on the environment, absorption chiller producers face a sea of potential opportunities.
Waste heat is used as a source of energy to power absorption chillers, cool the vessel, and improve its overall capability. COOL4SEA is taking advantage of this by filing a patent to capture a major share of the absorption chiller industry, which is dominated by a small number of firms that provide cooling solutions for maritime applications.
The maritime industry will continue to offer sustainable growth prospects for the absorption chillers market in the future; in 2020, over 62,100 ships will be operating in the ocean, which is expected to expand at a rate of XX percent each year.
For instance, in 2017, Gadlab Engineering installed an absorption system: GADCOOLER(TM), which saves fuel and reduces emissions. The revolutionary GADCOOLER(TM) ship cooling technology saves significant energy when creating ship cooling.
The product, primarily designed for cruise ships and passenger ferries, is a cost-effective way to reduce fuel consumption. It replaces the requirement for onboard cooling compressors by using existing onboard surplus waste heat sources to generate chilled cooling water for the vessel's air-conditioning demands. The Gadcooler has been successfully tested for two years onboard Eckerö Line's cruise boat m/s Finlandia.
High installation of scroll & absorption chillers has hampered the growth of the global scroll & absorption chillers market
Scroll & absorption chillers' popularity has increased in past decades. The primary reason for market growth is the wide application spectrum for the product. However, many industries are still in the initial phase and are not investing majorly in scroll & absorption chillers due to their associated cost.
For instance, the three single-stage chillers cost US$1,800 to US$6,000 per ton to install, while the four two-stage chillers cost US$1,600 to US$3,300 per ton. As chiller size increases, the capital cost per ton of cooling capacity decreases, with prices comparable for single and two-stage units. For instance, installing a 1,320-ton single, the cost for the same capacity two-stage unit is US$1,800/ton and the cost of a stage unit is US$1,600 per ton. Maintenance and operation (O&M) cost per ton-hour (/ton-hr) ranges from 0.1 to 0.6 cents. 0.1 to 0.3/ton-hr for the three single-stage chillers and 0.1 to 0.3/ton-hr for the four two-stage chillers for the stage.
O&M costs do not include energy costs required for operation. Still, they include all maintenance requirements associated with an absorption chiller, including periodic purging of non-condensable gases and monitoring the cooling tower and chilled water quality.
COVID-19 Impact on Scroll & Absorption Chillers Market Growth
Due to the COVID-19 pandemic, the scroll & absorption chillers market grew slowly in value and volume in 2020 compared to 2019. In 2020, the scroll & absorption chillers market was disrupted by supply chain disruption and a reduction in end-use industries due to the pandemic.
In the initial quarters of 2020, end-use sectors such as printing and laser cutting, chemicals, and petrochemicals saw a decrease in production compared to the same time in 2019. A drop further hampered the scroll & absorption chillers in demand from end-use industries.
Scroll & Absorption Chillers Market Segment Analysis
The global scroll & absorption chillers market is segmented on product, capacity, end-user, and region.
Scroll chillers are easy to install and energy-efficient and they are also becoming more environmentally friendly, which is escalating the market share for the segment
The global scroll & absorption chillers market is segmented into scroll and absorption chillers based on type. Both types dominate the global market and scroll chiller holds a wider application range, making them grow faster than absorption chillers.
Scroll chillers are compact since they are designed to suit smaller systems. As a result of this feature, scroll chillers create great demand for outdoor and indoor applications in tiny residential and commercial spaces.
Scroll chillers are gaining popularity as a viable option for heat recovery, low-temperature processing, ice production, and thermal storage. They are also becoming more environmentally friendly due to their unique USP of energy efficiency. There are two types of scroll chillers on the commercial market: water-cooled and air-cooled scroll chillers, with the former gaining significant popularity. The cooling cycle's use of natural resources allows for the balance of electric loads during peak hours
Furthermore, Apart from industries, these scroll chillers are well regarded and beneficial in energy conservation in modest residential and commercial complexes. As more small businesses attempt to limit their use of refrigerants with a high ODP (Ozone Depletion Potential), Scroll chillers are becoming increasingly popular.
Scroll chillers are simple to install and maintain and may be tailored to fit a range of acoustic, mechanical, and energy combinations. As a result, it is widely used in sound-sensitive environments such as schools and hospitals, to name a few. Scroll chillers are becoming more popular as the cost of electricity rises and there are more power shortages. Thus, various companies are investing in building scroll chillers, improving the market's growth trend.
For instance, on November 18th, 2019, Kaltra extended its portfolio of low-GWP chillers with the launch of the Lightstream Scroll II range based on the Versa platform and operating on refrigerant R32. At nominal circumstances, Lineup's capacity spans 300 to 1100kW, demonstrating the same high-efficiency level as previously announced R452b-based variants.
Scroll & Absorption Chillers Market Geographical Share
Asia-Pacific’s expanding industrialization has increased the demand for clean and renewable energy sources such as solar energy, geothermal energy, and others which is creating market growth opportunities for the scroll & absorption chillers to grow in the market
Asia-Pacific holds a significant market share in the scroll & absorption chillers market. The high development rate of the Asia-Pacific scroll & absorption chillers market may be ascribed to rising demand from emerging economies such as China and India expanding construction industry, particularly in the commercial vertical, in Asia-developing Pacific countries.
South Korea has dominated the global market for scroll chiller sales in recent years. The primary driver for the increase in scroll Chiller sales is expanding solar power and nuclear and geothermal facilities.
Rising HVAC (heating, ventilation, and air conditioning) demand in commercial and industrial applications in North America and Western Europe generates significant demand for energy-efficient sources, pushing demand for scroll chillers in those countries.
Low-capacity commercial verticals have seen a significant expansion in Latin America and MEA and are projected to gain traction in the forecast period. These low-capacity business verticals moderate to a highly beneficial impact on scroll chiller sales.
Furthermore, The region's expanding industrialization has increased the demand for clean and renewable energy sources such as solar, geothermal, and others. Using these energy sources in conjunction with absorption chillers is predicted to grow in the region, boosting the industry.
Scroll & Absorption Chillers Companies and Competitive Landscape
The global scroll & absorption chillers market is highly competitive with local and global key players. Some key players contributing to the market's growth are Daikin, Johnson Controls, Thermax, Broad Group, Century Corporation, Yazaki Energy Systems, Trane, Carrier Corporation, Shuangliang Eco-Energy Systems, Hitachi Appliances, and others.
The major companies are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global growth of the Scroll & Absorption Chillers market.
- For instance, In January 2019, Thermax Limited announced the introduction of its brand-new production facility in Andhra Pradesh, India. The plant was set up by an investment of nearly US$ 24 Million in phase one, with a capacity to produce 400 absorption chillers a year.
Daikin
Overview: Daikin Industries, Ltd is a Japanese multinational air conditioning manufacturing company headquartered in Osaka. It operates in Australia, Japan, China, the U.S., India, Southeast Asia, Europe, Latin America, the Middle East, and Africa.
Product Portfolio: TRAILBLAZER AIR-COOLED SCROLL CHILLER: Trailblazer provides 10% more efficient than competitors under design and off-design conditions. With a range of 10 to 240 tones, the Trailblazer air-cooled chiller gives the scale to fit the customer’s cooling needs and offers excellent overall value in air-cooled packaged chillers available today. Its quiet operation, RapidRestore technology, and high efficiency make these chillers ideal for mission-critical buildings, healthcare, data centers, and manufacturing facilities.
Key Development
- In July 2018, Daikin introduced the R-32 refrigerant in a new generation of high-efficiency air-cooled scroll chillers. The new EWATB air-cooled chiller range will be available for cooling alone and heat recovery applications with cooling capacities ranging from 80 to 700 kW at nominal conditions.
