A report by IndustryARC estimates that the global cooling towers market, which was valued at $2.3 billion in 2018, will grow at a CAGR of 4.21% over the forecast period 2019 to 2025. The report titled, ‘Cooling Towers Market: By Form (Nature Draft Cooling Towers, Mechanical Draft Cooling Towers, Cross Towers, Counterflow Towers, Others); By Construction (Factory-assembled, Field-erected); By Application (HVAC, Refrigeration, Chilling Plant, Diesel Engine, Cold Storage); By End User Industry (Petroleum Industry, Paper Manufacturing, Pharmaceutical, Paint Manufacturing, Dairy Product) & By Geography – Forecast (2019-2025)’, outlines recent developments by key market players, forces driving the market, and opportunities that the market can reap.

A multitude of forces have assisted the cooling towers market in attaining substantial growth over the years. One of the primary growth drivers for this market is the regulations imposed on industries, by governments globally, to monitor discharge of heated water into waterways. Another important market driver is the rapid industrialization that is taking place alongside increasing urbanization. The increasing migration of the rural populations towards urban landscapes is elevating energy requirement and exerting pressure on industries to make the energy production process more rapid. All these factors are together impacting the cooling towers market and providing a massive impetus to it.

Europe with countries such as The Netherlands, which is a leader in wind power generation, has dominated the world’s economy with a well-established industrial set up. Automation and energy industries thrive in Europe, which is the reason this region generated maximum revenue in the cooling towers market in 2018, which translated to market a share of 34.76%.

Key companies operating in the cooling towers market are Baltimore Aircoil Company, Bell Cooling Tower, Brentwood Industries Inc., Enexio Hamon & Cie International SA, Paharpur Cooling Towers, SPIG S.P.A., SPX Corporation, and Star Cooling Towers Private Ltd.

Market players have shifted their focus on innovating in order to reduce installation and maintenance costs of cooling towers. In accordance with eminent industrial organizations such as the Cooling Technology Institute, companies such as SPX Corporation have innovated and manufactured efficient cooling towers. One of the latest technologies by SPX is the Marley NC Everest Cooling Tower which provides higher efficiency in cooling. This particular open cooling tower’s design provides 50% higher cooling capacity per cell, which is a disruptive technology over single-celled cooling towers.

The U.S. based Baltimore Aircoil Company has manufactured different kinds of cooling towers which assist industrial units in saving energy and increasing efficiency of their factory operations.


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Related Reports:

A.    HVAC Equipment Market

B.    District Cooling Market

What can you expect from the report?

The cooling towers market report is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                      Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.


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