A Glimpse of What Lies Ahead for the Cooling Towers Market

Cooling towers are the essential part of many industrial plants which are constructed to reject the heat into the atmosphere. The heat rejection devices operated to lower the ambient temperature with enclosed space. The global cooling towers market is $2037.8M in 2017 and is estimated to grow at a CAGR of 4.84% during 2018-2023. Europe region held the major share of 34%. Our report states the rising demand of HVAC systems in the industrial sector is driving the growth of cooling tower market during the forecast period.

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

Asia Pacific region holds the largest market share in the Cooling Towers Market and is anticipated to reach $1.01 billion by 2023 at a CAGR of 8.73%. The market is mainly driven by the regulatory restrictions on discharge of heat water in waterways. Other factors such as increasing demand for electricity and power along with growing industrialization also influences the buyer inclination. The key applications in this region includes Pharmaceutical and Laboratories, HVAC, Food and Beverages, Process Cooling, Chemical and Petrochemical Plant, Refineries among others.

Selected Value Chain Analysis done in Cooling Towers Market full report:

  • Firstly, the value addition starts from raw material suppliers, namely the suppliers of wood, plastic, graphite and others. After extracting the raw materials from the suppliers comes the Cooling tower design for various parts. These parts include nozzles, fans, drift eliminators, gear reducers and many more. After component manufacturing, these parts are integrated as a whole.
  • Many cooling towers are also manufactured according to its end user such as cooling towers for power plants, chemical and petrochemical plants, refineries and many more.
  • The equipment are made available to the customers generally through regional sales networks or through distributors. Major companies such as Evapco Inc., SPIG S.P.A operate through regional sales representatives, whereas smaller companies operate through distributors. This is because setting up a regional sales office in each country would require large investments. Smaller companies which generally have smaller profit margins do not have the resources to set up regional offices in every country. Hence, operating through distributors is relatively easy in such situations.
  • After manufacturing, the distributors supplies the product to the end user industry. The major end users of cooling towers consists of power plants, chemical and petrochemical plants, refineries and pharmaceutical laboratories. Different industries install required cooling towers either directly from the OEMs or from the distributors.
Excerpts on Cooling Towers Market Growth Factors:

  • With the advancements in combination of flue gas discharge system with cooling towers, the natural draft cooling tower market is set to witness significant growth during the forecast period.
  • Stringent regulations to adopt efficiency standards for cooling towers resulted in the growth of cooling towers market in the U.S.
  • The growth of the cooling tower market is attributed to the increase in energy demand, increasing urbanization, specifically from countries like Brazil. HVAC is the major application of cooling tower market. These systems are primarily employed in industrial, residential, commercial sectors such as hotels, shopping malls and few more.
  • Higher adoption of smart technologies including smart lighting system, ventilation and air conditioning systems in residential and commercial building has accelerated the HVAC market, which in turn is elevating the growth of cooling tower market during the forecast period.
  • Globally, stringent environmental regulations, growing demand from developing markets namely China and India, HVAC deployments and demand from nuclear power generation plants coupled with increase in investments are the major growth drivers for the cooling tower market.
To access / purchase the full report browse the link below

https://industryarc.com/Report/15885/cooling-tower-market.html

Key players of Cooling Towers Market:

  • Cooling Towers Market is in its maturity phase. Companies are focusing on natural draft cooling towers installation due to their low operational cost. Further, the integration of gas discharge system in these towers are lowering the capital investment by excluding the need for discrete chimneys in power generation sector, resulting in the growth of new cooling tower installations in existing thermal power plants.
  • Various Cooling tower manufacturers include SPX Corporation, SPIG S.P.A, Baltimore Aircoil Company and many more. Hamon Axisparc is analyzed to be the third highest revenue in the market.
  • Other Key players including Enexio, Spig S PA etc.
Cooling Towers Market Report is segmented as indicated below Cooling Towers Market By Type:

  1. Natural Draft
  2. Mechanical Draft
  3. Hybrid Draft Cooling Towers Market By Construction
  4. Field Erected
  5. Factory Assembled Cooling Towers Market By Method Of Heat Transfer
  6. Evaporative Tower
  7. Dry Tower
  8. Plume Abatement Tower
  9. Water Conversation Tower
  10. Others Cooling Towers Market By Application 1 Pharmaceutical and Laboratories 2 Food and Beverages 3 HVAC 4 Process Cooling 5 Chemical and Petrochemical Plant 6 Refineries 7 Others • Cooling Towers Market By Geography (Covers 12 + Countries) • Cooling Towers Market By Entropy

Companies Cited/Referenced/Interviewed in Cooling Towers Market

• Delta Cooling Towers • Harrison Cooling Towers • Johnson Controls Inc; • Kemrock Industries and Exports • Kuken Kogyo Co, Ltd • United Cooling Systems Pvt Ltd • Company 10+

What can you expect from the report? The Cooling Towers Market is prepared with the Main Agenda to Cover the following 20 points:

  1. Market Size by Product Categories
  2. Market trends
  3. Manufacturer Landscape
  4. Distributor Landscape
  5. Pricing Analysis
  6. Top 10 End user Analysis
  7. Product Benchmarking
  8. Product Developments
  9. Mergers & Acquisition Analysis
  10. Patent Analysis
  11. Demand Analysis (By Revenue & Volume)
  12. Country level Analysis (15+)
  13. Competitor Analysis
  14. Market Shares Analysis
  15. Value Chain Analysis
  16. Supply Chain Analysis
  17. Strategic Analysis
  18. Current & Future Market Landscape Analysis
  19. Opportunity Analysis
  20. Revenue and Volume Analysis FAQ:

Does IndustryARC publish country, geography or application based reports in Cooling Towers Market? Yes, we do have separate reports as mentioned below:

  1. Americas Market for Cooling Towers Report(2018-2023)
  2. Europe Market for Cooling Towers Share(2018-2023)
  3. APAC Market for Cooling Towers Analysis(2018-2023)
  4. RoW Market for Cooling Towers Market(2018-2023)
  5. Natural Draft Market for Cooling Towers Insights (2018-2023)
  6. Mechanical Draft Market for Cooling Towers Growth(2018-2023)
  7. Hybrid Draft Market for Cooling Towers Forecast(2018-2023)
  8. Field Erected Market for Cooling Towers (2018-2023)
  9. Factory Assembled Market for Cooling Towers (2018-2023)
  10. Evaporative Power Market for Cooling Towers (2018-2023)
  11. Dry Tower Market for Cooling Towers (2018-2023)
  12. Plume Abatement Tower Market for Cooling Towers (2018-2023)
  13. Water Conservation Tower for Cooling Towers (2018-2023)
  14. Pharmaceutical and Laboratories Market for Cooling Towers (2018-2023)
  15. Food and Beverages Market for Cooling Towers (2018-2023)
  16. HVAC Market for Cooling Towers (2018-2023)
  17. Process Cooling Market for Cooling Towers (2018-2023)
  18. Chemical and Petrochemical Market for Cooling Towers (2018-2023)
  19. Refineries Market for Cooling Towers (2018-2023)

Does IndustryARC customize these reports and charge additionally for limited customization? 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.
  4. Company profiles can be requested based on your interest.
  5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

Loading...

Comments

No comments to display.

Related posts

Continental free trade area to boost e-commerce in Africa

High-level session at UNCTAD's Africa eCommerce Week shows that the continent has the potential to scale e-commerce enterprises - but its new free trade area will be key.

Bayer helps farmers keep sows healthy with new BCS SowDition smartphone application

BCS SowDition enables accurate and standardized body condition scoring of sows in four simple steps, contributing to better health and management.

Call for applications: 2019 Syngenta Crop Challenge in Analytics prize

Corn is one of the world’s most important crops. Each year, breeders create several new corn products, known as experimental hybrids. Corn breeders work to create corn hybrids that can maintain high yield across a wide range of environments.
Application Deadline in a month

Application of the IoT technologies in the poultry chain

The growth of poultry relies on the environment in which the bird feels comfortable, as well as on good-quality feed and water. In this use case, the performance of the poultry production chain is optimised through IoT driven technologies.

New Initiative to Mitigate Risk for Global Solar Scale-up

The World Bank and Agence Française de Développement (AFD) are developing a joint Global Solar Risk Mitigation Initiative (SRMI), an integrated approach to tackle policy, technical and financial issues associated with scaling up solar energy deployment, especially in some of the world’s poorest countries.

Challenges and opportunities of introducing Internet of Things and Artificial Intelligence applications into Supply Chain Management

The study examines the challenges and opportunities of introducing Artificial Intelligence (AI) and the Internet of Things (IoT) into the Supply Chain Management (SCM). This research focuses on the Logistic Management. The central research question is “What are the key challenges and opportunities of introducing AI and IoT applications into the Supply Chain Management?”

Internet of Robotic Things – Converging Sensing/Actuating, Hyperconnectivity, Artificial Intelligence and IoT Platforms

The Internet of Things (IoT) concept is evolving rapidly and influencing new developments in various application domains, such as the Internet of Mobile Things (IoMT), Autonomous Internet of Things (A-IoT), Autonomous System of Things (ASoT), Internet of Autonomous Things (IoAT), Internet of Things Clouds (IoT-C) and the Internet of Robotic Things (IoRT) etc. that are progressing/advancing by using IoT technology.

3D Food Printers Market Driven by Growing Demand for Customized Food

The 3D food printers market is expected to grow at a robust CAGR from 2017 to 2028. This market growth is expected to be driven by factors such as the growing demand for customised food and the development of the industrial sector in this region.

Vision-Based Apple Classification for Smart Manufacturing

In this paper, an accurate data capture approach based on a vision sensor is proposed. Three image recognition methods are studied to determine the best vision-based classification technique, namely Bag of Words (BOW), Spatial Pyramid Matching (SPM) and Convolutional Neural Network (CNN).

Intel Drone Solutions Modernize and Increase Efficiency for US Bridge Inspections

Intel collaborated with two departments of transportation to improve bridge inspections, supplementing manual inspections of the Daniel Carter Beard Bridge connecting Ohio and Kentucky and the Stone Arch Bridge in Minnesota. Throughout the inspections, Intel’s advanced automated commercial drone hardware and software solutions increased efficiency and produced more reliable data in a fraction of the time and cost of traditional methods.