Turbo Chillers Market To Scintillate From 2016-2026

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.

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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.

Turbo Chillers Market: Segmentation
On the basis of chiller type • Water-cooled turbo chiller
• Air-cooled turbo chiller
Based on component • Impeller
• Bearing
• Diffuser
• Capacity control device
• Gear
On the basis of end-user industry • Chemical industry
• Plastic & petro-chemical industry
• Rubber industry
• Food & beverage industry
• Pharmaceutical industry
• Others

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Turbo Chillers Market: Regional 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: Key Players
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.

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