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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:
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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.


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"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).

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