ResearchMoz incorporate new survey report “Global Cooling Towers Market Insights, Forecast to 2025” to its immense accumulation of research reports.
The cooling towers market is predicted to expand at a healthy close to 4% CAGR from 2018 to 2025. At present, increasing installation of HVAC systems across commercial establishments displays significant demand for cooling towers. HVAC systems are significant to provide cooled water for manufacturing plants, air-conditioning units, and electric power generation. This, indirectly translates into demand for cooling towers.
In terms of function, cooling tower involves heat rejection¸ wherein extracted waste heat is discharged into the atmosphere via cooling of a water stream to lower temperature. Technically termed evaporative – for the type of heat rejection in cooling tower, the process involves exchange of small amount of cool water with air, in a continuous process to cause cooling of the system.
Cooling towers such as evaporative heat rejection devices serve to provide significantly lower water temperatures, than achievable with alternate devices such radiator in cars. This favors uptake for automotive applications.
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A cooling tower is a device that rejects heat and whose prime task is to discard heat into the atmosphere. The growing number of heavy industries including oil & gas, chemical, cement, food & beverage, and pulp & paper, are expected to spur the demand for cooling towers.
Asia Pacific held the largest market share and accounted for more than 20% of the revenue share, closely followed by Europe. The Cooling Towers market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Cooling Towers.
This report presents the worldwide Cooling Towers market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The following manufacturers are covered in this report:
GEA Heat Exchanger
Liang Chi Control
Baltimore Aircoil Company
Delta Coolong Towers
Cenk Industrial Plants Manufacturing and Contracting
Cooling Tower Depot
Paharpur Cooling Towers
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Cooling Towers Breakdown Data by Type
Wet Cooling Tower
Dry Cooling Tower
Dry Wet Cooling Tower
Cooling Towers Breakdown Data by Application
Food and Beverage
Cooling Towers Production by Region
The study objectives are:
To analyze and research the global Cooling Towers status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Cooling Towers manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Cooling Towers market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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