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

  • February 2016
  • 153 pages
  • MarketsandMarkets
Report ID: 3673827

Summary

Table of Contents

Search Inside

“Increasing investments in power and HVACR industries drive the cooling tower market”

The market size of cooling tower is estimated to reach USD 2.88 billion by 2020, at a CAGR of 4.2%. 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 industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. Therefore, the market is set to grow with the growth in other related industries in the coming years.

“HVACR is the fastest-growing application of cooling tower”
HVACR application is estimated to register the highest CAGR between 2015 and 2020. The high growth is attributed to the growing building & construction industry and increased government investments in infrastructure projects resulting in installation of HVACR systems. In 2015, the HVACR segment accounted for the second largest market share among all applications, in terms of value, followed by food & beverage, chemical, petrochemicals and oil & gas.

“Rising demand from Asia-Pacific is a major driver of cooling tower market“

In 2015, Asia-Pacific is estimated to have been the largest cooling tower market in terms of value. It is estimated to retain the market leadership in the next five years.
China and India are the two major markets of cooling tower in Asia-Pacific. The Chinese power industry have the largest share in Asia-Pacific resulting in an increased growth of market. Also, a high growth in the commercial building & construction industry, high-end real estate, and energy-saving policies are likely to drive the demand for cooling tower in both China and India.


In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below.
- By Company Type - Tier 1 - 33%, Tier 2 – 60% and Others - 7%
- By Designation - C level - 56%, Director level - 33%, Others - 11%
- By Region - North America - 27%, Europe - 46%, Asia-Pacific - 20%, RoW – 7%

The key companies profiled in this market research report are Baltimore Aircoil Company (U.S.), Bell Cooling Tower (India), Brentwood Industries Inc. (U.S.), Enexio (Germany), Hamon & Cie International SA (Belgium), Johnson Controls Inc. (U.S.), Paharpur Cooling Towers (India), SPIG S.p.A. (Italy), SPX Corporation (U.S.), and Star Cooling Towers Private Ltd. (India).

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the cooling tower market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.

2. The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will helps stakeholders understand the competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product developments, expansions, agreements & contracts partnerships, acquisitions, and joint ventures.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 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.

Veronica helps you find the right report:

Testimonials

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
Ikea

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
Ingredion

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

Purchase Reports From Reputable Market Research Publishers

India HVAC Market By Product Type, By End Use Sector Competition Forecast & Opportunities, 2012 – 2022

  • $ 2500
  • Industry report
  • August 2017
  • by TechSci Research

India HVAC market is expected to cross $7 Billion by 2022. Growing infrastructure-based developments, technological advancements and increasing tourism are expected to positively influence India HVAC market ...

China Data Center Cooling Market

  • $ 3250
  • Industry report
  • July 2017
  • by Mordor Intelligence LLP

The China Data Center Cooling Market was valued at USD 417.01 million in 2016 and is expected to reach a value of USD 876.96 million, at a CAGR of 13.12% over the forecast period of 2017 – 2022. A rising ...

Evaporative Cooling Market

  • $ 4250
  • Industry report
  • July 2017
  • by Mordor Intelligence LLP

The global evaporative cooling market was valued at USD 4.48 billion in 2015, and is projected to reach USD 5.95 billion by the end of 2020, at a CAGR of 5.84% during the forecast period 2015-2020. Increased ...


Download Unlimited Documents from Trusted Public Sources

The future of the Cooling System Industry

  • August 2017
    15 pages
  • Cooling System  

    HVAC  

View report >

HVAC Markets in Europe

  • July 2017
    4 pages
  • HVAC  

    Air Conditionin...  

    Cooling System  

  • Europe  

    France  

    Germany  

View report >

Cooling System Markets in the US - Forecast

  • July 2017
    2 pages
  • Water Treatment  

    Research And De...  

    Cooling System  

  • United States  

View report >

Related Market Segments :

Cooling Tower

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

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