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(EuropeNewsWire.Net, August 09, 2018 ) According to research for markets, the Cooling Towers - Global Market Outlook (2017-2023)' is a professional and in-depth study & with a focus on the current state of the global industry.
The Global Cooling Towers market is expected to grow from $2.27 billion in 2016 to reach $3.36 billion by 2023 with a CAGR of 5.7%.
Growing demand for cooling towers from developing regions, technological improvements in cooling towers and increasing demand for HVACR deployments among various industries are propelling the market. However, water requirement in bulk quantities and slow growth of these towers in Europe and North America are hindering the market.
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Asia Pacific has acquired largest market share owing to the adoption of cooling towers in industrial sector. Demand for cooling towers is also growing in China with the emergence of new power plant projects and rapid industrialization.
SOME OF THE KEY PLAYERS IN GLOBAL COOLING TOWERS MARKET INCLUDE
Bell Cooling Tower
Johnson Controls Inc
Baltimore Aircoil Company Inc
Star Cooling Towers Pvt. Ltd
Brentwood Industries, Inc
Paharpur Cooling Tower Limited
Hamon & CIE International SA
Kuken Kogoyo Co.Ltd
Delta Cooling Tower Inc
Harrison Cooling Towers Pvt. Ltd
Fiber-Reinforced Plastic (FRP)
High-Density Polyethylene (HDPE)
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Hybrid towers segment dominated the cooling towers market with a highest market share due to optimal cooling and water conservation. On the other hand, the demand for fiber- reinforced plastic (FRP) is growing rapidly as this material is corrosion resistance, less cost compared to other materials and easy to install. Growing construction projects and rising focus on building energy management technologies are increasing the demand for HVAC cooling towers. These cooling towers are widely used in industrial applications to maintain temperatures in chillers.
Petrochemical and Oil & Gas
Food & Beverage
Pharmaceutical and Laboratories
METHOD OF HEAT TRANSFERS COVERED:
Plume Abatement Tower
Water Conservation Tower
Other Method of Heat Transfers
TYPE OF TOWERS COVERED:
Hybrid Cooling Tower
Closed-Circuit Cooling Towers
Open-Circuit Cooling Towers
Middle East & Africa
WHAT OUR REPORT OFFERS:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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