The changes will be seen on the desktop as well as mobile versions of Google Chrome, but will be more apparent on devices with low RAM (say, less than 4GB).
Though Google has said that it will release the Chrome 55 update on December 6, users can sign up for the beta version of the browser to test if the RAM consumption actually goes down.
The Internet search giant has also said that "over the next months" it will work on improving Chrome's performance on devices with 512MB-1GB of RAM.
Chrome 53 came with Material Design enhancements and started blocking Adobe Flash in favour of HTML5. Last month, Google also said that the browser has seen double-digit growth in speed as well as battery efficiency over the past year.
The version of Chrome scheduled to release in January will start labelling HTTP pages as 'non-secure' in an effort to transition completely to the secure HTTPS standard.