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Global Cooling Towers Market is Expected to Reach $3.36 billion by 2023

Market Research Report on Global Cooling Towers Market
Published 07 February 2018
Report Sellers has added a new market research report “Cooling Towers - Global Market Outlook (2017-23)” to its offerings.

According to Report, 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.

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.

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, Enexio, SPX Corporation, Hamon & CIE International SA, Spig S.P.A., Kuken Kogoyo Co.Ltd, Delta Cooling Tower Inc, Harrison Cooling Towers Pvt. Ltd, Evapco Inc and Kemrock Industries and Exports Ltd. 

Browse through the complete description and in-depth TOC on “Global Cooling Towers Market”
https://www.reportsellers.com/market-research-report/Cooling-Towers---Global-Market-Outlook-2017-2023

What does the 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
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
Report Scope

Global Cooling Towers Market has been segmented by materials covered, applications covered, method of heat transfers covered, constructions covered, type of towers covered and regions covered

Materials Covered:
Concrete
Fiber-Reinforced Plastic (FRP)
High-Density Polyethylene (HDPE)
Wood
Steel

Applications Covered:
Chemical 
Power Generation 
Petrochemical and Oil & Gas
Food & Beverage 
HVACR 
Pharmaceutical and Laboratories
Process Cooling

Method of Heat Transfers Covered:
Plume Abatement Tower
Dry Tower
Water Conservation Tower
Evaporative Tower
Other Method of Heat Transfers

Constructions Covered:
Factory Assembled
Field Erected

Type of Towers Covered:
Hybrid Cooling Tower
Closed-Circuit Cooling Towers
Open-Circuit Cooling Towers
Natural Draft
Mechanical Draft

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK 
Spain 
Rest of Europe 
Asia Pacific
Japan 
China 
India 
Australia 
New Zealand 
South Korea
Rest of Asia Pacific 
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

Request sample here https://www.reportsellers.com/market-research-report/Cooling-Towers---Global-Market-Outlook-2017-2023      

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