Cooling Towers Market : Growing Need for Energy Conservation to Accelerate Sales

Albany, NY, 15th FEB : A Cooling Tower is a heat exchanger that extracts waste heat to the atmosphere through a cooling of a water stream. The heat transfer occurs through the process of heat exchange between water and air and evaporation of water part that needs to be cooled. The cooling towers eliminate heat absorbed in circulating cooling water systems.

The overall market has been segmented on the basis of the heat transfer methods, air flow generation methods, design of a cooling tower, end users (heavy industrial and utility application, petrochemical industry, power, and petrochemical refining), as well as on a geographical basis to provide a holistic picture of the market. The global demand driven by regulatory restriction on discharge of heated water into waterways is expected to boost the growth of cooling tower market. However, less frequent investment in end-user segments such as Power and HVAC and growing environmental concerns over the release of plume from the cooling towers is expected to hamper the growth of this market.
Presently North America and Europe dominate the cooling tower market. Asia Pacific is expected to drive the growth of this market in near future on account of the focus on establishment of Nuclear Power Plants. In addition, energy efficiency and environment related issues emerging as key focus area for end-user, product development and innovation aimed at addressing these concerns are expected to open new opportunities for the market.

Some of the leading players in the market are Tower Tech Inc., Superchill, Star Cooling Towers, SPX Corporation, Mesan, Paharpur Cooling Towers Limited, Liang Chi Industry Company, GEA AG, Gammon India Limited, Delta Cooling Towers, Cooling Tower Systems Inc., Cooling Technologies & Services and Brentwood Industries among others.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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