Tag Archives: Cooling Towers Market

Cooling Towers Market Scenario Highlighting Major Drivers & Trends 2018- 2025

The ****** Cooling Towers Market is anticipated to witness considerable growth due to its increasing adoption in several heavy industrial applications. Cooling towers are used to remove excess heat from the plant. Cooling towers are usually used across different applications like industrial manufacturing, power generation plants and HVAC (Heating, ventilation, and air conditioning) systems. 

Increasing investments toward the growth of industrial sector coupled with ongoing several power projects capacity additions can stimulate the cooling towers market growth. Growing adoption of sustainable energy sources plus cogeneration technologies are driven by increasing consumer awareness will certainly influence business growth. Favorable government policies owing to the development of lower-emission technologies along with the expansion of sustainable cooling network will favor product penetration.

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.

Cooling Towers Market is anticipated to hit $2.68 billion by 2023 at a CAGR of 4.84%.

According to the new market research report by IndustryARC titled “Cooling Towers Market: By Type (Natural, Mechanical, Hybrid); By Construction (Field Erected, Factory Assembled); By Method of Heat Transfer (Evaporative, Dry, Plume Abatement, Others); By Application (Pharmaceutical & Laboratories, Food & Beverages, Others); By Geography – (2018-2023)”, the market is driven by the increasing demand for electricity coupled with rising industrial investments.

APAC held the largest market share and Growth Rate in the Cooling Towers Market

Cooling Towers Market: Increasing Demand For Electricity and Growing Industrialization

The ****** cooling tower market is predicted to reach US$3.1 bn in 2020. It will expand at a 4.70% CAGR up to 2020.

Cooling towers are heat rejection devices operated to lower the ambient temperatures within enclosed spaces. They are also used to remove heat from heating, ventilation, and air conditioning (HVAC) systems in buildings. Moreover, in industrial settings, cooling towers are used to maintain the temperature of chillers and attain energy efficiency. They are used in the chemical, oil & gas, food processing, and power generation plant industries.

Cooling Towers Market To Reach Us$3.1 Bn In 2020 Owing To Increasing Electricity Demand And Growing Industrialization

Cooling tower are heat rejection devices operated to lower the ambient temperatures within enclosed spaces. They are also used to remove heat from heating, ventilation, and air conditioning (HVAC) systems in buildings. Moreover, in industrial settings, cooling towers are used to maintain the temperature of chillers and attain energy efficiency. They are used in the chemical, oil & gas, food processing, and power generation plant industries.

Technology Stringent, Innovation, Norms & Optimistic, Efficincy Outlook for Industrial Recovery Drive the Cooling Towers Market

A cooling may be a device that rejects heat and whose prime task is to discard heat into the atmosphere. The cooling is a very important element of the many refrigeration systems that give method cooling and luxury through a varied vary of applications.

Objectives of the report are as follows: