Global Cooling Towers Market: A Global Outlook with CAGR Projections Cooling Towers Market | Page 3

BlueweaveConsulting
Cooling Towers Market: Application Insights
On the basis of application, the global cooling tower market is segmented into
Heating, ventilation, and air conditioning, Power Generation, Oil & Gas, and
Industrial. Power generation application holds the largest market share of overall
cooling towers market. With the increase in the demand for electricity, the demand
for these towers across power plants has also increased in order to remove excess
heat generated during electricity production. The rapid expansion of thermal power
generating plants coupled with a positive outlook toward the use of sustainable
energy resources will boost the product demand. HVAC segment is projected to be
the fastest growing segment in cooling tower market. The increasing rate of
urbanization and an enhanced standard of living are expected to lead to the large-
scale implementation of HVAC systems.
Cooling Towers Market: Regional Insights
Geographically, the cooling tower market is analyzed across North America, Europe,
Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the leading region
of the cooling tower industry during the forecast period 2019-2025 followed by
Europe. Due to the rapid industrial growth along with the increasing urbanization
rate positively influence the industry outlook. The increasing number of
manufacturing facilities along with the expansion of the industrial sector projected to
contribute positively to the market demand over the forecast period. In addition,
favorable regulatory policies coupled with the development of cross border
production networks have provided immense opportunities. Power generation and
HVAC are the top two applications contributing to the growing demand for the
cooling tower in Asia-Pacific.
Global Cooling Towers Market: Competitive Landscape
Companies such as SPX Corporation, Baltimore Aircoil Company, Evapco Inc., Bell
Cooling Tower, Brentwood Industries Inc., Enexio, Hamon & CIE International SA,
Paharpur Cooling Towers, SPIG S.p.A., Star Cooling Towers Private Ltd., Johnson
Controls, Delta and Thermax, Star Cooling System Ltd., International Cooling
Towers, and Mesan Cooling Towers Inc. are the leading players of Cooling Towers
market across the globe.
Scope of the Report
By Type
 Dry
 Evaporative
 Hybrid
By Design
 Mechanical
 Natural
By Material
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