Cooling Tower Market worth $2.6 billion by 2026 | Key players EVAPCO, Baltimore Aircoil Company, SPX Corp, Artech Cooling Towers, Brentwood Industries

According to recent market research "Cooling Tower Market by Type (Evaporative, Dry, Hybrid), Design (Natural, Mechanical), Material (Concrete, Steel, FRP, Wood), Flow Type, Technology, Application (Power Generation, HVACR, Food & Beverages) and Region - Global Forecast Till 2026", size is projected to grow from USD 2.1 billion in 2021 to USD 2.6 billion by 2026, at a CAGR of 4.5% between 2021 and 2026.

Browse 192 market data Tables and 42 Figures spread through 201 Pages and in-depth TOC on "Cooling Tower Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/cooling-towers-market-268219049.html

Power generation is the largest application of cooling towers, projected to grow at a CAGR of 4.8% during the forecast period. Cooling towers are utilized by almost every industry for cooling requirements and find the highest usage in the power generation application segment owing to high demand. Cooling towers are extensively utilized in thermal and nuclear power plants for controlling and maintaining temperature and pressure conditions.

Dry cooling towers do not use water and the evaporation process to meet the cooling requirements of industrial processes. These towers are capable of serving smaller temperature variations (approximately 10°C). The dry cooling tower offers various advantages such as the elimination of fog, mist, and icing. It also provides a definitive solution to water problems by avoiding use of water, evaporative losses, and thermal pollution. The dry cooling tower has a significant demand in HVACR systems and food & beverage application segments.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=268219049

The global cooling tower market size is projected to reach USD 2.6 billion by 2026 growing at a CAGR of 4.5% from 2021 to 2026. The increasing demand for cooling tower in developing countries, rise in HVACR deployments are driving the market for cooling tower.

The increase in demand for cooling tower and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in this market are EVAPCO (US), Baltimore Aircoil Company Inc. (US), SPX Corporation (US), Artech Cooling Towers Pvt. Ltd. (India), Babcock & Wilcox Enterprises (US), Brentwood Industries (US), Johnson Controls Inc. (Ireland), Paharpur Cooling Tower Ltd. (India), Enexio (Germany), and Hamon & CIE International (Belgium). These players have adopted various strategies such as investment & expansion, merger & acquisition, partnership & agreement, and new product launch in order to strengthen their market position. For instance, in July 2021, Baltimore Aircoil Company Inc. acquired Eurocoil Spa (Italy), a prominent European commercial and refrigeration manufacturer. This acquisition has further strengthened its position in the global cooling market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268219049

Baltimore Aircoil Company Inc. operates as a subsidiary of Amsted Industries Incorporated (US). The company develops and manufactures evaporative cooling towers, thermal storage, and heat transfer equipment. It offers a wide range of cooling towers, such as closed-circuit cooling towers and evaporative cooling towers. The company's cooling towers are used in various applications such as district cooling plants, heating, ventilation, air conditioning, refrigeration, light/industrial manufacturing, and chemical & petroleum processing.

Hamon & CIE International SA (Belgium) is one of the leaders in cooling towers and operates through its five major business segments: cooling systems, heat exchangers, air quality systems, HRSG-WHB, and chimneys. The company offers various custom-designed dry and wet cooling towers through its cooling system business segment. Furthermore, the company exclusively offers dry cooling systems through its subsidiary Research Cottrell Dry Cooling (US) under the cooling system business segment. Hamon & Cie International SA (Belgium) serves end-use industries, such as electric power plants, oil & gas, and petrochemical industries, followed by other heavy industries, such as steel, cement, minerals, glass, and waste incineration. The cooling systems offered by the company have major applications in nuclear power plants.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/cooling-towers.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/cooling-towers-market.asp

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, and 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, "Knowledgestore" 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.

This release was published on openPR.