Cooling Tower Market worth USD 2.88 Billion USD by 2020

The Cooling Tower Market was USD 2.24 Billion in 2014 and is projected to reach USD 2.87 Billion by 2020, at a CAGR of 4.2% from 2015 to 2020. In this study, 2014 has been considered as the base year, while the forecast period has been considered from 2015 to 2020.

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Cooling Tower value chain consists of manufacturers such as Baltimore Aircoil Company Inc. (U.S.) and Enexio (Germany), Hamon & Cie International SA (Belgium), and others. The next step in the value chain consists of distribution and marketing of cooling towers to particular end-use industries such as Power Generation, Petrochemical and Oil & Gas, Food & Beverage and others.

The main objective of the study is to define, describe, and forecast the cooling tower market based on type, application, Construction Material and Design, and region. The report includes detailed information about the major factors, such as drivers, restraints, opportunities, and industry specific challenges influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In the report, the cooling tower market has been studied for regions, namely, North America, Europe, Asia Pacific, and Rest of the World.

In this report, the market sizes have been derived through various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the cooling tower market. These secondary sources include annual reports, press releases, and investor presentations of companies; associations such as Cooling Technology Institute (CTI), American Society of Mechanical Engineers (ASME), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report.

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The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study.

Scope of the Report

The report forecasts revenue growth and provides an analysis of trends in each of the subsegments of the cooling tower market. This research report categorizes the market based on the following:

Cooling Tower Market, By Type:

  • Evaporative Cooling Tower
  • Dry Cooling Tower
  • Hybrid Cooling Tower

Cooling Tower Market, By Construction Material and Design

  • Cooling Tower Market, By Construction Material
  • Cooling Tower Market, By Design
  • Mechanical Draft Cooling Tower
  • Natural Draft Cooling Tower

Cooling Tower Market, By Application:

  • Chemicals
  • Petrochemicals and oil & gas
  • Food & beverages
  • Power generation
  • Others

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List of Figures (56 Figures):

Figure 1 Cooling Tower Market: Research Design

Figure 2 Market Size Estimation: Bottom-Up Approach

Figure 3 Market Size Estimation: Top-Down Approach

Figure 4 Market Breakdown and Data Triangulation

Figure 5 Dry Cooling Tower to Be the Fastest-Growing Segment in the Cooling Tower Market During the Forecast Period

Figure 6 Power Generation Application Segment Will Continue to Dominate the Cooling Towers Market

Figure 7 HVACR Application Segment of Cooling Towers Market to Grow at the Highest Rate, 2015–2020

Figure 8 Asia-Pacific is the Fastest-Growing Region for Cooling Tower Market

Figure 9 Attractive Opportunities in Cooling Towers Market, 2015–2020

Figure 10 Asia-Pacific: the Largest Market for Cooling Tower in Majority of Application in 2014

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