A cooling tower is a heat rejection device whose primary task is to reject heat into the atmosphere. Cooling tower is a vital component of many refrigeration systems, providing comfort or process cooling across a wide range of applications. They are the point in the system where heat is dissipated to the atmosphere through the evaporative process, and are common in industries such as chemical processing, oil refining, steel mills, power plants, and many different manufacturing processes where process cooling is required. Increased investment in power projects has resulted in to rise in demand for new cooling and heat exchange units. Energy efficiency requirements and government incentive programs have increased adoption of energy-saving heat transfer solutions which will further trigger the growth of cooling towers market.
This study estimates the global market by the end of 2020. This market research study provides detailed qualitative and quantitative analysis of the global cooling tower market. The report provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and forecasted for major geographic regions, North America, Europe, Asia Pacific and Rest of the World. Major countries with market revenues are covered for each of the region. Competitive scenario and market share of the top players has been discussed in detail. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities.
Market has also been segmented on the basis of type and applications. The major types for cooling towers include dry, evaporative and hybrid. The major applications include chemicals, petrochemical and oil & gas, HVACR, food & beverage, and power generation. Market share for major market participants has been described in detail for cooling towers.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of cooling towers. The primary sources – selected experts from related industries and selected suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects for cooling towers.
We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key participants in the cooling towers market include GEA Group (Germany), Hamon & Cie International SA (Belgium), SPX Corporation (U.S.), Baltimore Aircoil Company (U.S.) and so on.
Scope of the report: This research report categorizes the global market on the basis of type, end-user industries and geography; forecasting revenues and analyzing trends in each of the submarkets.
On the basis of types: The cooling towers market is segmented on the basis of type as evaporative, dry and hybrid. Each type is further described in detail in the report with revenues forecasted for each type.
On the basis of end-user industries: The market is segmented on the basis of application as chemicals, petrochemical and oil & gas, HVACR, food & beverage, and power generation. Each application is further described in detail in the report with revenues forecasted for each end-user industries.
On the basis of region: North America, Europe, Asia-Pacific, and ROW and key countries in every region.