Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
Related Topics
Bipolar Electrosurgical Devices Market Size Colorants Market Size Curing Adhesives Market Size Paper Dyes Market SizeGlobal Turbo Chillers Market Size to worth USD 2.19 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Turbo Chillers Market Size is Expected to Grow from USD 1.69 Billion in 2023 to USD 2.19 Billion by 2033, at a CAGR of 2.63% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Turbo Chillers Market Size, Share, and COVID-19 Impact Analysis, By Type (Water Cooled and Air Cooled), By Cooling Capacity (Small Capacity, Medium Capacity, and Large Capacity), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The turbo chillers market refers to the market of heat source machines that provide cooling and are used in various industries such as manufacturing, healthcare, and data centers. Turbo chiller is a type of chiller that uses a centrifugal compressor to produce chilled water which is typically used for large-scale air conditioning systems in buildings, district cooling networks, and industrial process cooling applications. The trend towards advanced compressor technologies that balance performance with sustainability is providing market growth opportunities for turbo chillers. The growing need for efficient and reliable cooling solutions in data centers, manufacturing, healthcare, and commercial real estate industries is driving the market demand for turbo chillers. Further, the increasing emphasis on energy conservation and environmental sustainability which leads to the adoption of turbo chillers as part of their cooling infrastructure is propelling the market growth. On the contrary, the increasing preference for alternative solutions which are more cost-effective are hindering the market growth.
The air cooled segment dominates the market with the largest share and is expected to witness a significant CAGR growth during the forecast period.
Based on the type, the global turbo chillers market is divided into water cooled and air cooled. Among these, the air cooled segment dominates the market with the largest share and is expected to witness a significant CAGR growth during the forecast period. Air-cooled chillers are preferably used especially where water is scarce or prohibitively expensive. The growing need for air cooled chillers in manufacturing sectors such as chemicals, pharmaceuticals, and healthcare sector is driving the market.
The medium capacity segment accounted for the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the cooling capacity, the global turbo chillers market is divided into small capacity, medium capacity, and large capacity. Among these, the medium capacity segment accounted for the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is attributed to the increasing industrialization along with the growing medical and pharmaceutical sectors.
North America is projected to hold the largest share of the global turbo chillers market over the forecast period.
North America is projected to hold the largest share of the global turbo chillers market over the forecast period. The significant investment in R&D and emphasis on technological advancements are contributing to driving the turbo chillers market. Further, the region’s diverse climate conditions necessitate the adoption of advanced cooling systems, thereby propelling the market demand.
Asia Pacific is predicted to grow at the fastest CAGR in the turbo chillers market over the forecast period. The increasing demand for turbo chillers in automotive, petrochemical, and oil & gas refineries is contributing to propelling the market. Further, due to favorable government policies and changing industry demands relating to varying control and pressure levels, the region is anticipated to witness an increase in demand for space cooling.
Company Profiling
Major key players in the turbo chillers market include Daikin, Mitsubishi Electric, Johnson Controls, Lennox International, Trane Technologies, Bard Manufacturing Company, York International, Hitachi, Thermo King, Gree Electric Appliances, Rheem Manufacturing Company, Carrier, McQuay, Broadspectrum, and Others.
Key Target Audience
Recent Developments
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global turbo chillers market based on the below-mentioned segments:
Global Turbo Chillers Market, By Type
Global Turbo Chillers Market, By Cooling Capacity
Global Turbo Chillers Market, Regional Analysis
Apr 2025 - The Global Organic Chicken Market Size is Estimated to Grow from USD 3782 Million in 2023 to USD 13864.97 Million by 2033, Growing at a CAGR of 13.87% during the forecast period 2023-2033.
Apr 2025 - The Global Wood Based Panel Market Size is Expected to Grow from USD 209.1 Billion in 2023 to USD 361.0 Billion by 2033, at a CAGR of 5.61% during the forecast period 2023-2033.
Apr 2025 - The Global Industrial Dust Collector Market Size is Expected to Grow from USD 7.58 Billion in 2023 to USD 11.84 Billion by 2033, at a CAGR of 4.56% during the forecast period 2023-2033.
We have received your message and would like to thank you for writing to us. If your inquiry is urgent, please use the telephone number listed below to talk to one of our staff members. Otherwise, we will reply by email as soon as possible.
+1 303 800 4326 +91 9561448932 emailsales@sphericalinsights.com
