Cooling Tower Market Analysis: Expert Perspective on Demand
Delve into the Cooling Tower market with our expert research. Gain valuable insights into industry demand, dynamics, and expert reviews to make informed decisions in this crucial sector.
(EMAILWIRE.COM, October 12, 2023 ) The report "Cooling Tower Market by Type (Evaporative, Dry, Hybrid), Design (Natural, Mechanical), Material (Concrete, Steel, FRP, Wood), Flow Type, Technology, Application (Power Generation, HVACR, Food & Beverages) and Region - Global Forecast Till 2026", size is projected to grow from USD 2.1 billion in 2021 to USD 2.6 billion by 2026, at a CAGR of 4.5% between 2021 and 2026.
Cooling towers are heat exchangers which are used to dissipate unwanted heat to the atmosphere. Cooling towers such as hybrid and dry are majorly available in the market and are utilized in various industries including power generation, chemical, petrochemical and oil & gas, food & beverage, HVACR, and so on. Cooling towers which remove heat from industrial processes or chemical reactions are termed industrial process cooling towers and those which are used for HVACR applications are majorly known as comfort cooling towers.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268219049
Browse in-depth TOC on "Cooling Tower Market”
192 - Market Data Tables
42 - Figures
201 - Pages
The power generation application segment is estimated to lead the cooling tower market during the forecast period.
Power generation is the largest application of cooling towers, projected to grow at a CAGR of 4.8% during the forecast period. Cooling towers are utilized by almost every industry for cooling requirements and find the highest usage in the power generation application segment owing to high demand. Cooling towers are extensively utilized in thermal and nuclear power plants for controlling and maintaining temperature and pressure conditions.
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The dry cooling tower is expected to have the fastest growth in the cooling tower market during the forecast period.
Dry cooling towers do not use water and the evaporation process to meet the cooling requirements of industrial processes. These towers are capable of serving smaller temperature variations (approximately 10°C). The dry cooling tower offers various advantages such as the elimination of fog, mist, and icing. It also provides a definitive solution to water problems by avoiding use of water, evaporative losses, and thermal pollution. The dry cooling tower has a significant demand in HVACR systems and food & beverage application segments.
Asia Pacific is expected to be the largest market for cooling tower market during the forecast period.
Power generation is the largest application of cooling towers in the Asia Pacific. The availability of low-cost raw materials and labor, coupled with increasing domestic demand, makes Asia Pacific an attractive investment destination for cooling tower manufacturers. The rising population, urbanization, and industrialization along with rising concerns related to infrastructure development in China and India are some of the factors expected to drive the market in this region.
Don't miss out on business opportunities in Cooling Tower Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=268219049
The key players in this market are EVAPCO (US), Baltimore Aircoil Company Inc. (US), SPX Corporation (US), Artech Cooling Towers Pvt. Ltd. (India), Babcock & Wilcox Enterprises (US), Brentwood Industries (US), Johnson Controls Inc. (Ireland), Paharpur Cooling Tower Ltd. (India), Enexio (Germany), and Hamon & CIE International (Belgium).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Cooling towers are heat exchangers which are used to dissipate unwanted heat to the atmosphere. Cooling towers such as hybrid and dry are majorly available in the market and are utilized in various industries including power generation, chemical, petrochemical and oil & gas, food & beverage, HVACR, and so on. Cooling towers which remove heat from industrial processes or chemical reactions are termed industrial process cooling towers and those which are used for HVACR applications are majorly known as comfort cooling towers.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268219049
Browse in-depth TOC on "Cooling Tower Market”
192 - Market Data Tables
42 - Figures
201 - Pages
The power generation application segment is estimated to lead the cooling tower market during the forecast period.
Power generation is the largest application of cooling towers, projected to grow at a CAGR of 4.8% during the forecast period. Cooling towers are utilized by almost every industry for cooling requirements and find the highest usage in the power generation application segment owing to high demand. Cooling towers are extensively utilized in thermal and nuclear power plants for controlling and maintaining temperature and pressure conditions.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=268219049
The dry cooling tower is expected to have the fastest growth in the cooling tower market during the forecast period.
Dry cooling towers do not use water and the evaporation process to meet the cooling requirements of industrial processes. These towers are capable of serving smaller temperature variations (approximately 10°C). The dry cooling tower offers various advantages such as the elimination of fog, mist, and icing. It also provides a definitive solution to water problems by avoiding use of water, evaporative losses, and thermal pollution. The dry cooling tower has a significant demand in HVACR systems and food & beverage application segments.
Asia Pacific is expected to be the largest market for cooling tower market during the forecast period.
Power generation is the largest application of cooling towers in the Asia Pacific. The availability of low-cost raw materials and labor, coupled with increasing domestic demand, makes Asia Pacific an attractive investment destination for cooling tower manufacturers. The rising population, urbanization, and industrialization along with rising concerns related to infrastructure development in China and India are some of the factors expected to drive the market in this region.
Don't miss out on business opportunities in Cooling Tower Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=268219049
The key players in this market are EVAPCO (US), Baltimore Aircoil Company Inc. (US), SPX Corporation (US), Artech Cooling Towers Pvt. Ltd. (India), Babcock & Wilcox Enterprises (US), Brentwood Industries (US), Johnson Controls Inc. (Ireland), Paharpur Cooling Tower Ltd. (India), Enexio (Germany), and Hamon & CIE International (Belgium).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results