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Turbo Chiller-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Turbo Chiller market size is expected to reach US$ 1266.4 million by 2029, growing at a CAGR of 6.6% from 2023 to 2029. The market is mainly driven by the significant applications of Turbo Chiller in various end use industries. The expanding demands from the Chemical Industry, Food and Beverage Industry, Pharmaceutical Industry and Others, are propelling Turbo Chiller market. Water-cooled Turbo Chiller, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Air-cooled Turbo Chiller segment is estimated at % CAGR for the next seven-year period.
With the rapid development of the manufacturing industry, the demand for industrial refrigeration systems has gradually increased. Industrial refrigeration systems can be used in many industries such as steel, petrochemicals, pharmaceuticals, food, chemicals, etc. to provide refrigeration and air conditioning services for production in these industries. The demand for the refrigeration system industry is increasing in the international market. The global industrial refrigeration market size is estimated to be USD 21.4 billion in 2022. The growth of the industrial refrigeration systems market is mainly influenced by factors such as technological advancement, environmental protection, energy conservation and emission reduction. With the continuous development of technology, new refrigeration technologies and equipments are emerging, which makes the efficiency and reliability of industrial refrigeration systems improve. At the same time, increased awareness of environmental protection and energy conservation and emission reduction has also prompted the development of industrial refrigeration systems in the direction of greater energy efficiency and environmental protection.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Turbo Chiller, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Turbo Chiller market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Turbo Chiller market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Turbo Chiller sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Turbo Chiller covered in this report include KTurbo, Johnson Controls - Hitachi Air Conditioning, Aqua Cooling, Mitsubishi Heavy Industries, Airedale International Air Conditioning, Smardt Chiller Group, Arctic Chiller Group and Hyundai Climate Control, etc.
The global Turbo Chiller market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
KTurbo
Johnson Controls - Hitachi Air Conditioning
Aqua Cooling
Mitsubishi Heavy Industries
Airedale International Air Conditioning
Smardt Chiller Group
Arctic Chiller Group
Hyundai Climate Control
Global Turbo Chiller market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Turbo Chiller market, Segment by Type:
Water-cooled Turbo Chiller
Air-cooled Turbo Chiller
Global Turbo Chiller market, by Application
Chemical Industry
Food and Beverage Industry
Pharmaceutical Industry
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Turbo Chiller manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Turbo Chiller in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Turbo Chiller market size is expected to reach US$ 1266.4 million by 2029, growing at a CAGR of 6.6% from 2023 to 2029. The market is mainly driven by the significant applications of Turbo Chiller in various end use industries. The expanding demands from the Chemical Industry, Food and Beverage Industry, Pharmaceutical Industry and Others, are propelling Turbo Chiller market. Water-cooled Turbo Chiller, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Air-cooled Turbo Chiller segment is estimated at % CAGR for the next seven-year period.
With the rapid development of the manufacturing industry, the demand for industrial refrigeration systems has gradually increased. Industrial refrigeration systems can be used in many industries such as steel, petrochemicals, pharmaceuticals, food, chemicals, etc. to provide refrigeration and air conditioning services for production in these industries. The demand for the refrigeration system industry is increasing in the international market. The global industrial refrigeration market size is estimated to be USD 21.4 billion in 2022. The growth of the industrial refrigeration systems market is mainly influenced by factors such as technological advancement, environmental protection, energy conservation and emission reduction. With the continuous development of technology, new refrigeration technologies and equipments are emerging, which makes the efficiency and reliability of industrial refrigeration systems improve. At the same time, increased awareness of environmental protection and energy conservation and emission reduction has also prompted the development of industrial refrigeration systems in the direction of greater energy efficiency and environmental protection.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Turbo Chiller, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Turbo Chiller market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Turbo Chiller market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Turbo Chiller sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Turbo Chiller covered in this report include KTurbo, Johnson Controls - Hitachi Air Conditioning, Aqua Cooling, Mitsubishi Heavy Industries, Airedale International Air Conditioning, Smardt Chiller Group, Arctic Chiller Group and Hyundai Climate Control, etc.
The global Turbo Chiller market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
KTurbo
Johnson Controls - Hitachi Air Conditioning
Aqua Cooling
Mitsubishi Heavy Industries
Airedale International Air Conditioning
Smardt Chiller Group
Arctic Chiller Group
Hyundai Climate Control
Global Turbo Chiller market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Turbo Chiller market, Segment by Type:
Water-cooled Turbo Chiller
Air-cooled Turbo Chiller
Global Turbo Chiller market, by Application
Chemical Industry
Food and Beverage Industry
Pharmaceutical Industry
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Turbo Chiller manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Turbo Chiller in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Turbo Chiller Market Overview
1.1 Turbo Chiller Product Overview
1.2 Turbo Chiller Market Segment by Type
1.2.1 Water-cooled Turbo Chiller
1.2.2 Air-cooled Turbo Chiller
1.3 Global Turbo Chiller Market Size by Type
1.3.1 Global Turbo Chiller Market Size Overview by Type (2018-2029)
1.3.2 Global Turbo Chiller Historic Market Size Review by Type (2018-2023)
1.3.3 Global Turbo Chiller Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Turbo Chiller Sales Breakdown by Type (2018-2023)
1.4.2 Europe Turbo Chiller Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Turbo Chiller Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Turbo Chiller Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Turbo Chiller Sales Breakdown by Type (2018-2023)
2 Global Turbo Chiller Market Competition by Company
2.1 Global Top Players by Turbo Chiller Sales (2018-2023)
2.2 Global Top Players by Turbo Chiller Revenue (2018-2023)
2.3 Global Top Players by Turbo Chiller Price (2018-2023)
2.4 Global Top Manufacturers Turbo Chiller Manufacturing Base Distribution, Sales Area, Product Type
2.5 Turbo Chiller Market Competitive Situation and Trends
2.5.1 Turbo Chiller Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Turbo Chiller Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Turbo Chiller as of 2022)
2.7 Date of Key Manufacturers Enter into Turbo Chiller Market
2.8 Key Manufacturers Turbo Chiller Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Turbo Chiller Status and Outlook by Region
3.1 Global Turbo Chiller Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Turbo Chiller Historic Market Size by Region
3.2.1 Global Turbo Chiller Sales in Volume by Region (2018-2023)
3.2.2 Global Turbo Chiller Sales in Value by Region (2018-2023)
3.2.3 Global Turbo Chiller Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Turbo Chiller Forecasted Market Size by Region
3.3.1 Global Turbo Chiller Sales in Volume by Region (2024-2029)
3.3.2 Global Turbo Chiller Sales in Value by Region (2024-2029)
3.3.3 Global Turbo Chiller Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Turbo Chiller by Application
4.1 Turbo Chiller Market Segment by Application
4.1.1 Chemical Industry
4.1.2 Food and Beverage Industry
4.1.3 Pharmaceutical Industry
4.1.4 Others
4.2 Global Turbo Chiller Market Size by Application
4.2.1 Global Turbo Chiller Market Size Overview by Application (2018-2029)
4.2.2 Global Turbo Chiller Historic Market Size Review by Application (2018-2023)
4.2.3 Global Turbo Chiller Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Turbo Chiller Sales Breakdown by Application (2018-2023)
4.3.2 Europe Turbo Chiller Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Turbo Chiller Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Turbo Chiller Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Turbo Chiller Sales Breakdown by Application (2018-2023)
5 North America Turbo Chiller by Country
5.1 North America Turbo Chiller Historic Market Size by Country
5.1.1 North America Turbo Chiller Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Turbo Chiller Sales in Volume by Country (2018-2023)
5.1.3 North America Turbo Chiller Sales in Value by Country (2018-2023)
5.2 North America Turbo Chiller Forecasted Market Size by Country
5.2.1 North America Turbo Chiller Sales in Volume by Country (2024-2029)
5.2.2 North America Turbo Chiller Sales in Value by Country (2024-2029)
6 Europe Turbo Chiller by Country
6.1 Europe Turbo Chiller Historic Market Size by Country
6.1.1 Europe Turbo Chiller Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Turbo Chiller Sales in Volume by Country (2018-2023)
6.1.3 Europe Turbo Chiller Sales in Value by Country (2018-2023)
6.2 Europe Turbo Chiller Forecasted Market Size by Country
6.2.1 Europe Turbo Chiller Sales in Volume by Country (2024-2029)
6.2.2 Europe Turbo Chiller Sales in Value by Country (2024-2029)
7 Asia-Pacific Turbo Chiller by Region
7.1 Asia-Pacific Turbo Chiller Historic Market Size by Region
7.1.1 Asia-Pacific Turbo Chiller Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Turbo Chiller Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Turbo Chiller Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Turbo Chiller Forecasted Market Size by Region
7.2.1 Asia-Pacific Turbo Chiller Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Turbo Chiller Sales in Value by Region (2024-2029)
8 Latin America Turbo Chiller by Country
8.1 Latin America Turbo Chiller Historic Market Size by Country
8.1.1 Latin America Turbo Chiller Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Turbo Chiller Sales in Volume by Country (2018-2023)
8.1.3 Latin America Turbo Chiller Sales in Value by Country (2018-2023)
8.2 Latin America Turbo Chiller Forecasted Market Size by Country
8.2.1 Latin America Turbo Chiller Sales in Volume by Country (2024-2029)
8.2.2 Latin America Turbo Chiller Sales in Value by Country (2024-2029)
9 Middle East and Africa Turbo Chiller by Country
9.1 Middle East and Africa Turbo Chiller Historic Market Size by Country
9.1.1 Middle East and Africa Turbo Chiller Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Turbo Chiller Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Turbo Chiller Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Turbo Chiller Forecasted Market Size by Country
9.2.1 Middle East and Africa Turbo Chiller Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Turbo Chiller Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 KTurbo
10.1.1 KTurbo Company Information
10.1.2 KTurbo Introduction and Business Overview
10.1.3 KTurbo Turbo Chiller Sales, Revenue and Gross Margin (2018-2023)
10.1.4 KTurbo Turbo Chiller Products Offered
10.1.5 KTurbo Recent Development
10.2 Johnson Controls - Hitachi Air Conditioning
10.2.1 Johnson Controls - Hitachi Air Conditioning Company Information
10.2.2 Johnson Controls - Hitachi Air Conditioning Introduction and Business Overview
10.2.3 Johnson Controls - Hitachi Air Conditioning Turbo Chiller Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Johnson Controls - Hitachi Air Conditioning Turbo Chiller Products Offered
10.2.5 Johnson Controls - Hitachi Air Conditioning Recent Development
10.3 Aqua Cooling
10.3.1 Aqua Cooling Company Information
10.3.2 Aqua Cooling Introduction and Business Overview
10.3.3 Aqua Cooling Turbo Chiller Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Aqua Cooling Turbo Chiller Products Offered
10.3.5 Aqua Cooling Recent Development
10.4 Mitsubishi Heavy Industries
10.4.1 Mitsubishi Heavy Industries Company Information
10.4.2 Mitsubishi Heavy Industries Introduction and Business Overview
10.4.3 Mitsubishi Heavy Industries Turbo Chiller Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Heavy Industries Turbo Chiller Products Offered
10.4.5 Mitsubishi Heavy Industries Recent Development
10.5 Airedale International Air Conditioning
10.5.1 Airedale International Air Conditioning Company Information
10.5.2 Airedale International Air Conditioning Introduction and Business Overview
10.5.3 Airedale International Air Conditioning Turbo Chiller Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Airedale International Air Conditioning Turbo Chiller Products Offered
10.5.5 Airedale International Air Conditioning Recent Development
10.6 Smardt Chiller Group
10.6.1 Smardt Chiller Group Company Information
10.6.2 Smardt Chiller Group Introduction and Business Overview
10.6.3 Smardt Chiller Group Turbo Chiller Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Smardt Chiller Group Turbo Chiller Products Offered
10.6.5 Smardt Chiller Group Recent Development
10.7 Arctic Chiller Group
10.7.1 Arctic Chiller Group Company Information
10.7.2 Arctic Chiller Group Introduction and Business Overview
10.7.3 Arctic Chiller Group Turbo Chiller Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Arctic Chiller Group Turbo Chiller Products Offered
10.7.5 Arctic Chiller Group Recent Development
10.8 Hyundai Climate Control
10.8.1 Hyundai Climate Control Company Information
10.8.2 Hyundai Climate Control Introduction and Business Overview
10.8.3 Hyundai Climate Control Turbo Chiller Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Hyundai Climate Control Turbo Chiller Products Offered
10.8.5 Hyundai Climate Control Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Turbo Chiller Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Turbo Chiller Industrial Chain Analysis
11.4 Turbo Chiller Market Dynamics
11.4.1 Turbo Chiller Industry Trends
11.4.2 Turbo Chiller Market Drivers
11.4.3 Turbo Chiller Market Challenges
11.4.4 Turbo Chiller Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Turbo Chiller Distributors
12.3 Turbo Chiller Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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