Data Bridge Market Research analyses that theCooling Towermarketwas valued at USD 3298.37 million in 2021 and is expected to reach USD 4719.42 million by 2029, registering a CAGR of 4.58% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Market Definition
A cooling tower is a device that removes excess heat and depends on water to transfer the waste heat into the atmosphere. It offers many advantages, such as cost-effectiveness, energy efficiency, water conservation, optimal cooling and resistance againstcorrosion, ease of installation, high structural strength, longer service life, and reduced noise pollution. As a result, it is widely used in ventilation, heating, and air conditioning (HVAC) systems, power production, petroleum refineries, cold storage units, and food processing industries. Aside from that, it is utilised to provide comfort cooling in large commercial facilities like as hospitals, airports, schools, and hotels, among others.
This cooling tower market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cooling tower market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cooling Tower Market Scope
The cooling tower market is segmented on the basis of type, flow type, design, construction material, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Open-Circuit Cooling Towers
Closed-Circuit Cooling Towers
Hybrid Cooling Towers
Flow Type
Cross Flow
Counter Flow
Design
Mechanical Draft Cooling Tower
Natural Draft Cooling Tower
Construction Material
Fiber-Reinforced Plastic (FRP)
Steel
Wood
High-Density Polyethylene (HDPE)
Others
End-user
Chemical
HVAC
Petrochemicals and Oil Gas
Power Generation
Food and Beverages
Others
Cooling tower Market Share Analysis
Thecooling tower marketcompetitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cooling tower market.
Some of the major players operating in the cooling tower market are:
EVAPCO (US)
Baltimore Aircoil Company Inc. (US)
SPX Corporation (US)
Artech Cooling Towers Pvt. Ltd. (India)
Babcock Wilcox Enterprises (US)
Brentwood Industries (US)
Johnson Controls Inc. (Ireland)
Paharpur Cooling Tower Ltd. (India)
ENEXIO MANAGEMENT GMBH (Germany)
Hamon CIE International (Belgium)
BELL COOLING TOWERS (India)
Paharpur Cooling Towers Ltd. (India)
Baltimore Aircoil Company (US)
Cannon Water Technology (US)
NALCO India (India)
Perfect Star Heating and Air Conditioning, Inc (US)
REYMSA COOLING TOWERS, INC, (US)
Thermax Limited (India)
Delta Cooling Towers (US)
International Cooling Tower (Canada)
Star Cooling Towers (India)
MESAN Group (China)
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Cooling Tower Market Regional Analysis/Insights
The cooling tower market is analysed and market size insights and trends are provided by country, type, flow type, design, construction material, and end-user as referenced above.
The countries covered in the cooling tower market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the cooling tower market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the rising demand for cooling tower in this region. The Asia-Pacific region dominates the cooling tower market, with China leading the way to rapid growth of the food and beverage sector. Due of the ease of producing cooling tower, China is leading the Asia-Pacific market.
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