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Global Cooling Towers Market 2015-2019

Global Cooling Towers Market 2015-2019

About cooling towers

A cooling tower is a device that rejects heat and whose prime task is to discard heat into the atmosphere. The cooling tower is an important component of many refrigeration systems that provide process cooling and comfort through a varied range of applications. They are the active working point in the system where heat is irreversibly lost to the atmosphere through the evaporative process, and are commonly used in industries such as oil refining, steel mills, power plants, chemical processing, and many different manufacturing processes where process cooling is required.

Technavio's analysts forecast the global cooling towers market to grow at a CAGR of 5.12% during 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of the global cooling towers market during 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of the cooling towers in the following end-user segments: chemical, HVAC, petrochemical and oil and gas, power generation, and food and beverage industries.

Technavio's report, Global Cooling Towers Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key vendors

  • Baltimore Aircoil Company
  • Delta Coolong Towers
  • GEA Heat Exchanger
  • Hamon
  • Spig
Other prominent vendors
  • Cenk Industrial Plants Manufacturing and Contracting
  • Cooling Tower Depot
  • Kimre
  • Liang Chi Industry
  • Paharpur Cooling Towers
  • Torraval Cooling
Market driver
  • Industrial activities in developing countries
  • For a full, detailed list, view our report
Market challenge
  • Competition due to entry of new vendors
  • For a full, detailed list, view our report
Market trend
  • Outsourcing of cooling towers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cooling Tower Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Cooling Tower Market: Baltimore Aircoil Company, Delta Coolong Towers, GEA Heat Exchanger, Hamon and Spig

The other prominent vendors are: Cenk Industrial Plants Manufacturing and Contracting, Cooling Tower Depot, Kimre, Liang Chi Industry, Paharpur Cooling Towers and Torraval Cooling

Commenting on the report, an analyst from Technavio’s team said: “Cooling tower manufacturers are advancing into service organizations, operating and leasing cooling towers for various industries that require these towers for manufacturing processes. They are also expected to start selling plant-cooled water for a definite price. This concept is already gaining traction in EMEA and some parts of the Americas. This reflects a trend of plant owners outsourcing activities that are not an integral part of the company's core capabilities. It also provides a wide scope for these manufacturers to choose and work with vendors that provide and maintain cooling tower solutions.”

According to the report, increased industrial activities in developing countries such as China, India, and Brazil are driving market growth. This has resulted in sudden increase in demand for cooling towers from the chemical, HVAC, petrochemical and oil and gas, power generation, and food and beverage industries. Developing countries are focusing on the adoption of cooling towers with high efficiencies and low energy losses.

Further, the report states that recently, market competition has intensified with the entry of new vendors offering products at low prices in the global cooling tower market.

Companies Mentioned

Baltimore Aircoil Company, Delta Coolong Towers, GEA Heat Exchanger, Hamon, Spig, Cenk Industrial Plants Manufacturing and Contracting, Cooling Tower Depot, Kimre, Liang Chi Industry, Paharpur Cooling Towers, Torraval Cooling

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global cooling tower market overview
    • Market size and forecast
      • Table Global cooling tower market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global cooling tower market by end-user 2014-2019
      • Table Global cooling tower market by end-user
      • Table Global cooling tower market by end-user 2014
      • Table Global cooling tower market by end-user 2019
      • Table Global cooling tower market by end-user 2014-2019
    • Global cooling tower market by chemical industry
      • Table Global cooling tower market by chemical industry 2014-2019 ($ millions)
    • Global cooling tower market by HVAC industry
      • Table Global cooling tower market by HVAC industry 2014-2019 ($ millions)
    • Global cooling tower market by petrochemical and oil and gas industry
      • Table Global cooling tower market by petrochemical and oil and gas industry 2014-2019 ($ millions)
    • Global cooling tower market by power generation industry
      • Table Global cooling tower market by power generation industry 2014-2019 ($ millions)
    • Global cooling tower market by food and beverage industry
      • Table Global cooling tower market by food and beverage industry 2014-2019 ($ millions)
    • Global cooling tower market by others segment
      • Table Global cooling tower market by others segment 2014-2019 ($ millions)
  • Market segmentation by region
    • Geographical segmentation of global cooling tower market 2014-2019
      • Table Geographical segmentation of global cooling tower market 2014
      • Table Geographical segmentation of global cooling tower market 2019
      • Table Geographical segmentation of global cooling tower market 2014-2019
    • Cooling tower market in EMEA
      • Table Cooling tower market in EMEA 2014-2019 ($ billions)
    • Cooling tower market in APAC
      • Table Cooling tower market in APAC 2014-2019 ($ billions)
    • Cooling tower market in the Americas
      • Table Cooling tower market in Americas 2014-2019 ($ billions)
  • Market growth drivers
  • Drivers and their impact
  • Market challenges
  • Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Baltimore Aircoil
    • Delta Cooling Towers
    • Evapco
    • GEA Heat Exchangers
    • Hamon
    • Johnson Controls
      • Table Johnson Controls: Business segmentation by revenue 2014
      • Table Johnson Controls: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Johnson Controls: Geographical segmentation by revenue 2014
    • Liang Chi Industry
      • Table Liang Chi Industry: Product segmentation
    • SPIG
    • SPX
      • Table SPX: Business segmentation by revenue 2014
      • Table SPX: Business segmentation by revenue 2013 and 2014
      • Table SPX: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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