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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.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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

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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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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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