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Global Turbo Chiller Market Analysis: Water-Cooled and Air-Cooled Turbo Chillers Drive Growth to 2030 | Valuates Reports

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Turbo Chiller Market is Segmented by Type (Water-cooled Turbo Chiller, Air-cooled Turbo Chiller), by Application (Chemical Industry, Food and Beverage Industry, Pharmaceutical Industry)

BANGALORE, India, Jan. 15, 2025 /PRNewswire/ — The Global Turbo Chiller Market was estimated to be worth USD 812 Million in 2023 and is forecast to a readjusted size of USD 1266.4 Million by 2030 with a CAGR of 6.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Turbo Chiller Market:

The Turbo Chiller market is set for significant growth, driven by the increasing demand for efficient and reliable cooling solutions across diverse industries such as data centers, manufacturing, healthcare, and commercial real estate. Turbo chillers offer high-performance cooling capabilities, energy efficiency, and scalability, making them essential for applications with substantial thermal loads and stringent operational requirements.

Additionally, the rising focus on energy conservation and environmental sustainability encourages businesses to adopt turbo chillers as part of their cooling infrastructure.

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TRENDS INFLUENCING THE GROWTH OF THE TURBO CHILLER MARKET:

Water-cooled turbo chillers drive the growth of the Turbo Chiller market by offering highly efficient and reliable cooling solutions for large-scale industrial and commercial applications. These chillers utilize water as a cooling medium, enabling superior heat exchange performance and lower energy consumption compared to air-cooled systems. Water-cooled turbo chillers are essential for environments with high thermal loads, such as data centers, manufacturing plants, and large office buildings, where consistent and efficient cooling is critical for operational stability and equipment longevity. The ability to handle substantial cooling demands while maintaining energy efficiency makes water-cooled turbo chillers a preferred choice for businesses aiming to optimize their cooling infrastructure. Additionally, advancements in water-cooled turbo chiller technologies, including improved heat exchanger designs and advanced control systems, enhance performance and reduce maintenance costs, further propelling the market growth.

Air-cooled Turbo Chiller use ambient air to dissipate heat, eliminating the need for a separate water supply and reducing installation complexity. Air-cooled turbo chillers are ideal for environments where water resources are limited or where space constraints prevent the use of water-cooled systems. Their modular design allows for easy scalability and adaptability, catering to the dynamic cooling needs of businesses across various sectors, including retail, hospitality, and small to medium-sized enterprises (SMEs). The lower initial investment and operational simplicity of air-cooled turbo chillers make them an attractive option for cost-conscious businesses, driving their widespread adoption and supporting the overall growth of the Turbo Chiller market.

The chemical industry is a major driver in the growth of the Turbo Chiller market, as it relies heavily on precise and efficient cooling systems to maintain optimal conditions for chemical processes. Turbo chillers are essential for controlling temperatures in various stages of chemical production, including reaction control, distillation, and separation processes. The need for reliable and consistent cooling solutions ensures the quality and safety of chemical products, reducing the risk of contamination and process disruptions. Additionally, the increasing complexity and scale of chemical manufacturing operations demand advanced cooling technologies that can handle high thermal loads and provide energy-efficient performance. The expansion of the chemical industry, driven by the development of new materials and sustainable practices, further boosts the demand for turbo chillers, thereby propelling market growth.

Growing industrialization is a key factor driving the Turbo Chiller market, as expanding manufacturing activities increase the demand for efficient cooling solutions. Rapid industrial growth in regions such as Asia-Pacific, North America, and Europe leads to the establishment of new factories and the expansion of existing facilities, all of which require robust cooling systems to ensure optimal operational conditions. Turbo chillers provide the necessary cooling capacity to support large-scale industrial processes, enhancing productivity and reducing downtime. The increasing adoption of automated and smart manufacturing technologies also necessitates advanced cooling solutions that can integrate with modern industrial systems. As industrialization continues to accelerate globally, the need for high-performance turbo chillers grows, driving the expansion of the Turbo Chiller market.

Energy efficiency regulations are a significant driver of the Turbo Chiller market, as governments and regulatory bodies implement standards to reduce energy consumption and environmental impact. Turbo chillers are designed to operate with high energy efficiency, aligning with regulatory requirements that mandate the use of eco-friendly and sustainable cooling technologies. Compliance with energy efficiency standards not only helps businesses reduce their carbon footprint but also results in lower operational costs through decreased energy consumption.

The rising demand in data centers is a crucial factor driving the Turbo Chiller market, as data centers require robust and efficient cooling solutions to maintain optimal operating temperatures for their vast arrays of servers and IT equipment. Turbo chillers provide the high cooling capacity and reliability necessary to support the intensive heat loads generated by data center operations. The increasing proliferation of cloud computing, big data analytics, and digital services has led to the expansion of data center infrastructures worldwide, intensifying the demand for advanced cooling technologies. Efficient cooling systems are essential for preventing equipment overheating, reducing downtime, and ensuring the continuous availability of data center services. As the digital economy grows, the reliance on turbo chillers for effective data center cooling solutions drives the overall growth of the Turbo Chiller market.

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TURBO CHILLER MARKET SHARE:

North America leads the market, driven by its advanced industrial base, high investments in data centers and manufacturing facilities, and stringent energy efficiency standards.

The Asia-Pacific region is experiencing rapid growth, fueled by the expansion of manufacturing industries, increasing infrastructure development, and rising investments in smart building technologies in countries like China, Japan, and India.

Key Companies:

KturboJohnson Controls – Hitachi Air ConditioningAqua CoolingMitsubishi Heavy IndustriesAiredale International Air ConditioningSmardt Chiller GroupArctic Chiller GroupHyundai Climate Control

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Chiller market is valued at 9990 Million USD in 2018 is expected to reach 13800 Million USD by the end of 2025, growing at a CAGR of 4.1% during 2019-2025.

– Industrial Water-Cooled Chiller Market was estimated to be worth USD 1830.9 Million in 2023 and is forecast to a readjusted size of USD 2530.5 Million by 2030 with a CAGR of 4.8% during the forecast period 2024-2030.

– Water Chiller Market

– Centrifugal Turbo Compressor market is projected to grow from USD 1886 Million in 2024 to USD 2265.1 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period.

– Automotive Turbochargers market is projected to reach USD 37120 Million by 2030 from an estimated USD 20730 Million in 2024, at a CAGR of 10.2% during 2024 and 2030.

– Air-Cooled Condensers Market revenue was USD 905 Million in 2022 and is forecast to a readjusted size of USD 1180.1 Million by 2029 with a CAGR of 3.9% during the forecast period (2023-2029).

– Free Cooling Air-cooled Chiller Market

– Turbo Blower Market revenue was USD 439.5 Million in 2022 and is forecast to a readjusted size of USD 607.4 Million by 2029 with a CAGR of 4.4% during the forecast period (2023-2029).

– Turbo Blower Market revenue was USD 439.5 Million in 2022 and is forecast to a readjusted size of USD 607.4 Million by 2029 with a CAGR of 4.4% during the forecast period (2023-2029).

– Air-Cooled Turbogenerators Market was estimated to be worth USD 860.4 Million in 2023 and is forecast to a readjusted size of USD 784.2 Million by 2030 with a CAGR of -1.3% during the forecast period 2024-2030.

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Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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July 24, 2026

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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July 24, 2026

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com. 

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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/U P D A T E — TrendAI/

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2 hours ago

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July 24, 2026

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This release has been updated to include new information provided by TrendAI. The complete, corrected release follows, with additional details at the end:

TrendAI™ Adopts Claude Opus 5 to Advance Vulnerability Prioritization and Virtual Patching

As a participant in Anthropic’s Cyber Verification Program, TrendAI applies frontier reasoning to convert vulnerability intelligence into faster protection across hybrid environments

DALLAS, July 24, 2026 /PRNewswire/ — TrendAI™, the enterprise AI security leader from Trend Micro Incorporated (TYO: 4704; TSE: 4704), today announced it is adopting Claude Opus 5, Anthropic’s latest and most capable Opus model, to help security teams convert vulnerability intelligence into immediate protection, from prioritization to virtual patching. The move builds on TrendAI’s collaboration with Anthropic on Claude Opus 4.8, extending the same defensive focus to a model that delivers step-change gains in advanced reasoning, agentic workflows, and long-horizon analysis. As AI makes finding vulnerabilities easier than ever, the harder problem becomes protecting organizations faster than software can be permanently patched, and that is where TrendAI is putting Opus 5 to work.

As a participant in Anthropic’s Cyber Verification Program, which credentials organizations for the defensive use of frontier AI models, TrendAI is positioned to apply Claude Opus 5 to defensive security as access becomes available. The model is Zero Data Retention compatible, supporting TrendAI’s governance and data-protection requirements as it scales AI across security operations.

The work extends to TrendAI Threat Research, where frontier AI models are combined with our proprietary frontier intelligence engine and human expertise to generate pre-disclosure intelligence. Those insights power TrendAI Vision One™, delivering stronger detection, deeper forensic insights, and proactive protection through virtual patching.

Rachel Jin, Chief Platform and Business Officer, Head of TrendAI™:
“With Claude Opus 5, TrendAI can move from vulnerability intelligence to action faster than ever, prioritizing what matters most by exploitability and business impact. Finding the vulnerability was always the hard part. Now the challenge is protecting organizations faster than software can be permanently patched, and frontier reasoning is what changes that equation, extending all the way to virtual patching that protects customers before a vendor fix ships. This is what it means to secure the AI age, fearlessly.”

These capabilities support TrendAI Vision One™ in helping security analysts, AppSec teams, and SOC teams prioritize exposure, map attack paths, and accelerate mitigation, including virtual patching, across hybrid environments, moving vulnerability management from a static scanning process into a faster, context-aware risk mitigation workflow.

About TrendAI™
TrendAI™, the global AI security leader and enterprise business unit of Trend Micro, empowers organizations with full AI visibility and consolidated security that inspires confidence, drives innovation, and eliminates risk. Trusted by the largest enterprises and governments across 185 countries, TrendAI™ secures the entire organization, from identities, to infrastructure, to data. Global Fortune 500 companies rely on TrendAI™ to cut risk and stop threats up to three months earlier, powered by world-leading threat and attack intelligence. Through deep ecosystem partnerships with market leaders like NVIDIA, Anthropic, AWS, Google, and Microsoft, TrendAI™ empowers your organization to securely drive forward at the speed of AI. AI Fearlessly. Learn more: trendaisecurity.com

About Anthropic
Anthropic is an AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems. Its Claude family of models, including Claude Opus 5, enables advanced capabilities across a wide range of applications, including code understanding and security analysis.

Update: The latest version of this release includes additional statements from TrendAI related to the original announcement.

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