Turbo Chillers Market: Global industry analysis and forecast 2016 - 2026


  • To Be Published : Feb-2017 |
  • Status : Work in progress |
  • Format :

Turbo Chillers Market Introduction

Initially CFC (chlorofluorocarbon) and HCFC (Hydrochlorofluorocarbons) were primarily used as a refrigerant for chilling applications leading to destruction of ozone layer. To address problems associated with destruction of ozone layer significant efforts are being made to minimize the use of CFC and HCFC as a future refrigerant. These efforts has led adoption of environmentally friendly refrigerant such as water, air, carbon dioxide, ammonia and propane as refrigerant. Using water as a refrigerant for major chilling application led to the development of turbo chillers. Turbo chillers are heat source equipment primarily used for heat storage, air-conditioning, district heating & cooling and other applications. Since their development in 1970 significant developments have been made in their performance and refrigerants thereby increasing their adoption against similar chilling equipment. Availability of turbo chillers in large number of formats such as Air-cooled, water-cooled, split (with high efficiency remote air-cooled condensers), condensing units to suit all kinds application is primarily increasing their adoption in various commercial facilities.             

Turbo Chillers Market Dynamics

Need for cooling in major industries such as chemical-plastic industry, pharmaceutical industry, and rubber industry is expected to increase the adoption of turbo chiller in near future.

Expanding information technology business across globe have also resulted into increase in the number of data center facilities, these facilities requires significant cooling for several data center equipment which can be better achieved with use of turbo chillers. Thus need for massive cooling facilities is supporting the growth of turbo chillers market. Moreover, approaching trends of smart city concept using centralize cooling systems based on chiller technology, is expected to drive global turbo chiller market over the forecast period.      

Availability of similar technology equipment such as absorption chiller may decrease their adoption. However, low installation cost and less maintenance in comparison to absorption chillers offers some advantage towards increase in their adoption.     

Some of the major trends identified in the global turbo chiller market are increasing adoption due to low energy consumption, use of HFO as a refrigerant, demand for compact chiller equipment, increasing demand from large retail & departmental stores and development in chiller capacity. Food & beverage industry has emerged to grow as one of the major adoption of turbo chillers primarily due to growing demand for readymade & frozen food products. 

Turbo Chillers Market: Segmentationn

Global turbo chillers market can be segmented on the basis chiller type, component, end-user industry, and region.

On the basis of chiller type, global turbo chillers market can be segmented as:

  • Water-cooled turbo chiller
  • Air-cooled turbo chiller

Based on component, global turbo chillers market can be segmented into,

  • Impeller
  • Bearing
  • Diffuser
  • Capacity control device
  • Gear

On the basis of end-user industry, global turbo chiller market can be segmented,

  • Chemical industry
  • Plastic & petro-chemical industry
  • Rubber industry
  • Food & beverage industry
  • Pharmaceutical industry
  • Others

Turbo Chillers Market: Region-wise Outlook

Global turbo chiller market is expected to encounter significant growth during the forecast period. North America dominates the global turbo chiller market, followed by North America, Europe is the next major market for the turbo chillers. Asia Pacific is emerging market for the turbo chillers, and is anticipated to represent substantial growth during the forecast period, particularly in regions such as China and India. Japan is other significant region and expected to contribute major share in the global turbo chiller market.     

Turbo Chillers Market Participants

Some of the key players & service providers identified across turbo chillers market value chain are: KTurbo, Johnson Controls - Hitachi Air Conditioning, Aqua Cooling, Mitsubishi Heavy Industries Ltd, Airedale International Air Conditioning Ltd, Smardt Chillers Inc., Arctic Chiller Group among & Hyundai climate control co. ltd. Consulting for product maintenance and operation may create significant opportunity for major players to gain customer confidence and in turn increase their market share.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain 

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint 
Back To Top