Cooling Towers Market

Date: 2016-05

Cooling Towers are used to reject heat from exothermic processes, largely industrial in nature. Cooling towers come in sizes as different as a small roof-top unit to large structures that are several hundred meters in height. Many industrial processes are more efficient at low temperatures rather than higher ones; others generate so much heat that it may cause hazards. Hence the need for cooling has been there since the advent of industrialization.

This report handles the cooling tower market scene based on various parameters like type, construction, method of heat transfer and by application. By type, cooling towers are segmented into natural draft, mechanical and hybrid draft, with further subdivisions for enhanced interpretation of the market. On the basis of construction, cooling towers are either field-erected, which are designed for larger amounts of heat, or factory assembled, which are generally smaller. The method of heat transfer categorizes towers as evaporative, dry, plume abatement and water conservation. Cooling towers find use in multiple fields with pharmaceutical and laboratories, food and beverage, HVAC, process cooling, chemical & petrochemical plants and refineries being the most prominent ones. The cooling tower market is forecasted to grow at a CAGR of xx% from 2016 to 2021.

Cooling Towers Market

The global market is also classified on the basis of different geographic regions. Americas is the biggest contributor to the global market revenue at xx%, while APAC is a close second at xx% on account of rapidly expanding end user industries in the developing economies in the region. Europe is third at xx% while RoW is the last at xx%.

Some names in cooling tower manufacturers include:
SPX Cooling Technologies, Inc. (The U.S.)
Delta Cooling Towers, Inc. (The U.S.)
SPIG S.P.A. (Italy),
Johnson Controls, Inc. (The U.S.)
Evapco Inc. (The U.S.)

The market is fairly fragmented with no single company holding a share drastically larger than its competitors.

Other companies involved in the manufacturing of cooling towers include:
Harrison Cooling Towers Pvt. Ltd. (India)
United Cooling Towers Pvt. Ltd. (India)
Baltimore Cooling Company, Inc. (Australia)
Kuken Kogyo Co. Ltd. (Japan)

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