The Global Cooling Tower Market is Projected to Grow USD 5.29 billion at a CAGR of 4.3% During the Forecast Period | No of Pages 120
Global Cooling Tower Market :(2023) Industry Research Report focuses on the global Cooling Tower Industry status, future forecast, growth opportunity, key market, and key players. Also report gives detailed data about the major factors influencing the growth of the Cooling Tower Market at the national and local level forecast the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Cooling Towers Market size was valued at USD 3.82 billion in 2021 and is projected to grow from USD 3.94 billion in 2022 to USD 5.29 billion by 2029, exhibiting a CAGR of 4.3% during the forecast period.
Global Cooling Tower Market Growth report serves as an ideal solution for a better understanding of the Market. It is helpful in finding out the size of the Market for specific products. These major players operating in this Market are in strong competition in terms of technology, innovation, product development, and product pricing. The Market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products.
Recent Devlopment Of Industry:
November 2020 – Linde GmbH picked HAMON & CIE (INTERNATIONAL) S.A. to install & design an 18-cell cooling tower for Amur CGG i.e., Amur Gas Chemical Complex located in Russia. The crucial tower is made of Fiberglass Reinforced Plastic (GRP) and has an automatic louver system for the nonstop process at very low temperatures.
January 2019 – SPX Cooling Technologies announced the accessibility of several monitoring equipment and control panels, which streamlines cooling tower operation, data collection & installation. Control panels of Marley allow building management systems to appropriately connect cooling tower conditions over visual displays, network communications, and relay status outputs.
October 2020 –EWK mounted 8 towers in Spain at Alicante Airport. These towers are fortified with “smart cooling tower” technology that provides automatic detection and information about tower operation.
July 2021 – Baltimore Aircoil Company purchased Eurocoil Spa in Italy, a European refrigeration and commercial manufacturer. This acquisition has boosted the company’s position in the global market.
December 2020 – ESINDUS, a Spanish company engaged in the cooling business in Mexico, South America, and Iberian Peninsula, was acquired by Hamon. Hamon & CIE focuses on strengthening its regional presence in EMEA, North America, and Asia Pacific.
Cooling Tower Market Segmentations:
By Type Analysis
the market is bifurcated into wet, dry, and hybrid.
By Application Analysis
the market is further divided into chemicals & petrochemicals, pharmaceuticals, power generation, HVAC, food & beverage, and others (pulp & paper, plastic).
Market Analysis and Insights: Global Cooling Tower Market
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region, and, as a result, provides a holistic view of, as well as a deep insight into the Cooling Tower Market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
Geographically, the report includes research on production, consumption, revenue, market share, and growth rate in following regions:
The Middle East and Africa
The rapid infrastructure development worldwide is resulting in the increased demand for these towers. The aggregate construction activities in advanced and developing economies are creating an ensuing demand for heating, ventilation, cooling, and refrigeration equipment which, in turn, is expected to drive the market.
Cooling Tower Market Table of Content (TOC)
Definition, by Segment
Market Share Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities, and Trends
Impact of Covid-19
Competition Landscape 2029
Business Strategies Adopted by Key Players
Consolidated Swot Analysis of Key Players
Global Cooling Tower Key Players Market Share Insights and Analysis, 2029
Key Market Share Insights and Strategic Recommendations
Companies Profiled (covered for Key 10 Players Only)
Key Details (subjected to Data Availability in The Public Domain And/or on Paid Databases)
Past and Current Revenue
Business Segment Share
Annexure / Appendix
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Cooling Tower Industry
Overview of the Regional Outlook of the Cooling Tower Industry
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