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Cooling Tower Market Worth USD 2.88 Billion USD by 2020

 



(Food-Beverage-News.Com, June 04, 2019 ) The report "Cooling Tower Market by Type (Dry, Evaporative, Hybrid), by Design (Natural, Mechanical), by Construction Material (Concrete, Steel, FRP, Others), by Application (Power, HVACR, Food & Beverages, Others), by Region - Trends & Forecasts to 2020", published by MarketsandMarkets, The size of the market is estimated to grow from USD 2.34 Billion in 2015 to USD 2.88 Billion by 2020, at a CAGR of 4.2%.

Request for PDF of Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268219049

The market is driven by the rising HVACR deployments, increasing power generation capacities, and rise in technological advances in cooling towers. Asia-Pacific and RoW are estimated to witness a strong growth in the next five years. The demand across these regions is reinforced by the emerging markets, namely, China and India.

Power Generation: The Largest Application Segment of Cooling Tower Market

Cooling tower is used in applications, such as power generation, HVACR, food & beverage, chemical, petrochemical and oil & gas, and others. These are the main applications considered in the report. In 2015, the power generation application segment is estimated to account for the largest market share among all the applications, in terms of value, followed by HVACR, food & beverage, and chemical applications. The HVACR application is estimated to grow at the highest CAGR between 2015 and 2020. The high growth can be attributed to the growing construction industry, especially commercial buildings. Growth in the construction industry has triggered the demand for HVACR systems, which has positively influenced the growth of the cooling tower market in the region.

Asia-Pacific: The Largest Market of Cooling Tower

Asia-Pacific is currently the largest market for cooling tower. China is the largest market for cooling tower in the region.

Don't miss out on business opportunities in Cooling Tower Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=268219049

Browse in-depth TOC on "Cooling Tower Market"
50 - Market Data Tables
58 - Figures
139 - Pages

The following factors are the main driving forces for the cooling tower market in Asia-Pacific:

• High demand for cooling tower in the region
• Growing building & construction industry
• Growing chemicals and HVACR industries in countries such as China and India
• key players of the cooling tower market.

Key players of the Cooling Tower Market - Baltimore Aircoil Company (U.S.), Bell Cooling Tower (India), Brentwood Industries Inc. (U.S.), Enexio (Germany), Hamon & Cie International SA (Belgium), Paharpur Cooling Towers (India), SPIG S.p.A. (Italy), SPX Corporation (U.S.), and Star Cooling Towers Private Ltd. (India). Etc.

Purchase the report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=268219049

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com
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