1. Market Research
  2. > Construction
  3. > Building Products Market Trends
Cooling Tower Market by Type, by Design, by Construction Material, by Application, by Region - Trends & Forecasts to 2020

Cooling Tower Market: Forecasts until 2020

  • February 2016
  • 153 pages
  • ID: 3673827
In this report:
Sweden is expected to be the second-fastest growing market after Germany with a CAGR of ##.##% during the forecast period between 2015 and 2020.
The factor that boosted the growth of the HVACR industry is the growing construction industry in the country, which is expected to register a CAGR of ##.##%-##.##% between 2015 and 2020.


Table of Contents

Search Inside

"Increasing investments in power and HVACR sectors drive the cooling tower market"

The market size of cooling tower is forecasted to reach ~$2.9B by 2020, at a compound annual growth rate (CAGR) of 4.20 percent. Cooling towers are relatively inexpensive and are considered as a reliable means of removing low-grade heat. The cooling tower market is spread across a wide range of end-use markets, containing nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. Accordingly, the sector is set to grow with the rise in other related sectors in the next years.

"HVACR is the quickest-increasing application of cooling tower"

HVACR application is forecasted to register the highest compound annual growth rate (CAGR) from 2015 to 2020. The important increase is assigned to the increasing building & construction market and rised government investments in infrastructure projects resulting in installation of HVACR systems. In 2015, the HVACR segment recorded for the second biggest market share among all applications, in terms of value significance, succeeded by food & beverage, chemical, petrochemicals and oil & gas.

"Increasing demand from Asia-Pac (APAC) is a main driver of cooling tower market"

In 2015, APAC is expected to have been the most important cooling tower market in terms of value importance. It is projected to retain the market leadership in the upcoming five years.

China (CN) and India (IN) are the two main sectors of cooling tower in Asia-Pac. The Chinese power sector have the biggest share in Asia Pacific (APAC) resulting in an increased rise of market. Also, a high increase in the commercial building & construction market, high-end real estate, and energy-saving policies are likely to drive the industry demand for cooling tower in both China (CN) and India (IN).

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were performed.

The split of primary interviews is as follow:

- By Company Type - Tier 1 - 33.0 percent, Tier 2 - 60.0 percent and Others - 7.0 percent

- By Description - C-suite - 56.0 percent, D-level - 33.0 percent, Others - 11.0 percent

- By area - North america (NA) - 27.0 percent, Europe - 46.0 percent, Asia-Pacific - 20.0 percent, RoW - 7.0 percent

The main companies decribed in this research report are Baltimore Aircoil Company, Bell Cooling Tower, Brentwood Industries Inc., Enexio, Hamon & Cie International SA, Johnson Controls Inc., Paharpur Cooling Towers, SPIG S.p.A., SPX Corporation, and Star Cooling Towers Private Ltd..

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the cooling tower market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

2. The market research benefits the partners distinguish the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will helps partners comprehend the players and obtain additional insights to enhance their rank in the business sector. The competitive outlook section includes new industry product developments, business developments, strategic agreements & contracts partnerships, acquisitions, and joint ventures (JV).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Cooling Tower Rental Market by Type, Design, Capacity, End-User, Region - Global Forecast to 2022

Cooling Tower Rental Market: Global Forecast until 2022

  • $ 5650
  • Industry report
  • October 2017
  • by MarketsandMarkets

“The cooling tower rental market is projected to grow at a CAGR of 5.18% from 2017 to 2022.”The cooling tower rental market is projected to reach USD 0.99 billion by 2022, growing at a CAGR of 5.18%, ...

HVAC System Market by Heating Equipment, Ventilation Equipment, Cooling Type, Implementation Type, Application And Geography - Global Forecast to 2023

HVAC System Market: Global Forecast until 2023

  • $ 5650
  • Industry report
  • April 2018
  • by MarketsandMarkets

HVAC system market is expected to grow at a significant CAGR between 2018 and 2023The HVAC system market was valued at USD 181.00 billion in 2018 and is expected to reach USD 251.60 billion by 2023, at ...

Global Heat Exchanger Market 2018-2022

Heat Exchanger Sector: Worldwide Forecast until 2022

  • $ 2500
  • Industry report
  • June 2018
  • by Infiniti Research Limited

About Heat ExchangerHeat exchangers are mechanical devices that transfer thermal energy from one medium to another.Technavio’s analysts forecast the global heat exchanger market to grow at a CAGR of ...


Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on