Cooling Towers Market in Asia-Pacific, By Type and By Country - PowerPoint PPT Presentation

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Cooling Towers Market in Asia-Pacific, By Type and By Country

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Growth in the construction industry has triggered the demand for HVACR systems, which has positively influenced the growth of the cooling tower market in the region. – PowerPoint PPT presentation

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Title: Cooling Towers Market in Asia-Pacific, By Type and By Country


1
Cooling Tower Market worth 2.88 billion by 2020
Browse 75 market data Tables 56 Figures 152
Pages and in-depth TOC on " Cooling Tower Market "
2
The market size of cooling tower is estimated to
grow from USD 2.34 Billion in 2015 to USD 2.88
Billion by 2020, at a CAGR of 4.2. The cooling
tower market is driven by the rising HVACR
deployments, increasing power generation
capacities, and rise in technological advances in
cooling towers. Asia-Pacific and RoW are
estimated to witness a strong growth in the next
five years. The demand across these regions is
reinforced by the emerging markets, namely, China
and India.
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3
  • The cooling tower are used in various
    applications, such as chemical, petrochemical and
    oil gas, HVACR, food beverage, and power
    generation.
  • In 2015, the power generation application is
    estimated to account for the largest market share
    among all the applications, in terms of value,
    followed by HVACR, food beverage, chemical, and
    petrochemical and oil gas.
  • The HVACR application is estimated to register
    the highest CAGR between 2015 and 2020 among all
    the applications.
  • Rising population, industrialization, and growing
    concerns related to infrastructure development
    have significantly increased the growth of the
    regions building construction industry, which
    consequently has triggered the demand for cooling
    tower.
  • Power generation and HVACR are the top two
    applications contributing to the growing demand
    for cooling tower in Asia-Pacific. Europe is the
    second largest market for cooling tower globally.

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4
The Stakeholders In The Cooling Tower Market Are
  • Cooling Tower manufacturers
  • Cooling Tower traders, distributors, and
    suppliers
  • Raw material suppliers
  • Government and research organizations
  • Industrial commercial power equipment agencies

The high growth can be attributed to the growing
construction industry, especially commercial
buildings. Growth in the construction industry
has triggered the demand for HVACR systems, which
has positively influenced the growth of the
cooling tower market in the region.
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5
The major players in the Cooling Tower Market are,
  • Baltimore Aircoil Company (U.S.)
  • Bell Cooling Tower (India)
  • Brentwood Industries Inc. (U.S.)
  • Enexio (Germany)
  • Hamon Cie International SA (Belgium)
  • Paharpur Cooling Towers (India)
  • SPIG S.p.A. (Italy)
  • SPX Corporation (U.S.)
  • Star Cooling Towers Private Ltd. (India)

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6
Mr. Shelly SinghMarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
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