Cooling
tower is a heat rejection device that removes the unwanted heat from
the cooling system in the atmosphere. Cooling tower is used to cool
the water circulating in the cooling system. The circulating water is
cooled either by evaporation or by blowing air to the warm water.
Cooling towers are widely used in different industries such as
chemical, oil and gas, food processing, power generation plants and
other air-conditioning applications. Cooling towers help in saving
large amount of water as it cools and circulates water continuously
throughout the cooling system.
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Rising
need for energy efficient cooling towers across different industries
is the major factor driving the cooling towers market globally.
Furthermore, growing manufacturing industry and large number of
upcoming power plant projects are further to bolster the demand for
cooling towers during the forecast period.
The
cooling towers market is segmented based on the types of cooling
towers, heat transfer method, applications and geographic regions.
The basic types of cooling towers are open cooling towers and closed
circuit cooling towers. Different heat transfer methods used in
cooling towers are evaporative cooling, dry cooling and hybrid (a
combination of evaporative and dry cooling method) cooling method.
The cooling towers market is segmented based on its applications as
Heating, ventilation, and air conditioning (HVAC), power generation
utilities and manufacturing industries. On the basis of geographic
regions, cooling towers market is segmented into Western Europe,
Eastern Europe, Asia Pacific excluding Far East, Southern Africa,
North America and Rest of the World (RoW). RoW comprises South
America, Middle East, North Africa and Far East.
The
research report on the cooling towers market provides a detailed
analysis of types and heat transfer methods used in these towers and
helps in understanding the major driving forces of cooling towers in
different industries. It also provides analysis of the applications
of cooling towers market for the next five years. The report includes
extensive analysis of the industry drivers, restraints, market trends
and market structure. The market study provides comprehensive
assessment of stakeholder strategies and imperatives for succeeding
in the business. The report segregates cooling towers market based on
heat transfer methods used in cooling towers and different geographic
regions. The report includes a detailed analysis of the prevalent
market situation, company profiles and industry trends of the cooling
towers used across different industrial and commercial applications.
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The
detailed value chain analysis helps the market competitors to
formulate their business strategies at every stage of their business.
Moreover, the market estimates have been analyzed by keeping in mind
the several factors which affect the market including but not limited
to technological, economical, social, environmental and legal.
The
key players of cooling towers market have been profiled with a focus
on competitive details such as company and financial overview,
business strategies and their recent developments. The players
profiled in this report include GEA Heat Exchangers Group, Baltimore
Aircoil Company, SPIG S.p.A., Hamon Group (Esindus S.A.), SPX
Corporation, FANS, a.s., EVAPCO-BLCT Dry Cooling, Inc. (Evapco,
Inc.), Paharpur Cooling Towers Ltd., Liang Chi Industry Company
Cooling Tower Depot, Inc., Delta Cooling Towers, Inc., Torraval
Cooling S.L., Kimre, Inc., OOO TMIM, BROTEP-ECO, Cenk Endüstri
Tesisleri İmalat ve Taahhüt A.Ş., EvapTech, Inc., and Changzhou
Kwell Cooling Equipment Co., Ltd.
Global
Cooling Towers Market Segmentation:
Cooling
Towers Market Revenue, by Type
- Open Cooling Towers
- Closed Circuit Cooling Towers
Global
Cooling Towers Market Revenue, By Heat Exchange Method
- Evaporative
- Dry Cooling Towers
- Plume Abatement (Hybrid)
Global
Cooling Towers Market Revenue, By Application
- Air Conditioning
- Power Generation Utilities
- Manufacturing Industry
Global
Cooling Towers Market Revenue, By Geography
- Western Europe
- Eastern Europe
- Asia Pacific (Excluding Far East)
- Southern Africa
- North America
- Rest of the World (Middle East, South America, North Africa and Far East)
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