Title: Cooling Towers Market in Asia-Pacific, By Type and By Country
1Cooling 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 "
2The 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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4The 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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5The 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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