This paper presents a comparison of operating characteristics for industrial water cooler with variation control methods. The performance analysis regarding the characteristics of condensation capacity, evaporation capacity, compressor load, COP of an on-off type cooler, a hot gas-bypass control type cooler and an inverter control type cooler with respect to the system load is reviewed, respectively. The primary results are as following: the variation of required compressor load of an on-off type cooler with respect to load is 5%, that of hot gas-bypass type is 18% and 66% for an inverter control type cooler. As the result shows, an inverter control type yields relatively huge difference of required compressor load compared to other types of control system. In terms of partial load, COP of an inverter control type cooler presents the highest value, and is considered as the optimized type for the used of the system involving frequent partial load.