Turbo Chillers Market Expand Their Businesses with New Investments by 2026
Initially CFC (chlorofluorocarbon) and HCFC (Hydrochlorofluorocarbons) were primarily used as a refrigerant for chilling applications leading to destruction of ozone layer.
New York, NY -- (SBWire) -- 11/21/2016 --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.
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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.
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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.
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