openPR Logo
Press release

Global Cooling Towers Market to Reach US$3.1 bn by 2020, Increasing Industrial Activities to Drive Growth

Global Cooling Towers Market to Reach US$3.1 bn by 2020,

Transparency Market Research (TMR) has recently published a report on the global cooling towers market. According to the report, the market is projected to rise at a moderate CAGR of 4.70% during the period from 2014 and 2020.The research report, titled “Cooling Towers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” estimates the market to increase from an overall value of US$2.3 bn in 2013 to US$3.1 bn by the end of the forecast period.

Cooling towers are referred to heat rejection devices utilized to lower the temperature within walled spaces. They are also used to decrease temperature from heating, ventilation, and air conditioning (HVAC) systems installed in buildings. Apart from this, cooling towers are also employed in industrial settings, mainly into food processing units, oil and gas refineries, chemical facilities, and power generation plants to maintain the temperature of chillers.

Avail a Sample Research Study on Cooling Towers Market
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2022

In recent times, the global market for cooling towers has gained significant impetus, thanks to the increase in industrial activities across the world. The energy efficiency offered by these towers has also contributed to their rising popularity, thereby boosting the market significantly over the past few years.

The report has analyzed the global market for cooling towers on the basis of its regional distribution, the type of cooling tower, the method of heat exchange, and the application of these towers.

Regionally, the market has been segmented into North America, Eastern Europe, Western Europe, Southern Africa, Asia Pacific (excluding the Far East), and the Rest of the World including the Middle East, North Africa, South America, and the Far East. In 2013, the Rest of the World dominated the overall market with a share of 35.7%. Experts predict this market to record the fastest CAGR of 5.50% during the forecast period.

Browse Market Research Report with ToC & Free Analysis:
http://www.transparencymarketresearch.com/cooling-towers-market.html

Based on type, the market has been classified into open towers and closed-circuit towers. The demand for open cooling towers is more than that of closed-circuit cooling towers owing to the operational and cost efficiency of the former.

By the heat exchange method, the market has been categorized into evaporative towers, dry cooling towers, and plume abatement (hybrid) cooling towers. Among these, hybrid cooling towers are witnessing higher adoption due to their ability to reach up to 50% of water saving mark. Additionally, as these towers can operate as both dry towers and wet towers, analysts anticipate the demand for them to report exponential rise over the forecast period.

Application-wise, the manufacturing industry, power generation utilities, and air conditioning have been identified as the prime application areas for cooling towers in this research study.

Browse Research Article
http://www.transparencymarketresearch.com/article/cooling-towers-market.htm

Some of the major players in the worldwide cooling towers market profiled in this research report are Changzhou Kwell Cooling Equipment Co. Ltd., Baltimore Aircoil Co., EvapTech Inc., Brotep-Eco, Tmim OOO, GEA Heat Exchangers Group, Kimre Inc., TORRAVAL Cooling, Composite Cooling Solutions L.P., Paharpur Cooling Towers Ltd., Liang Chi Industry (Thailand) Co. Ltd., SPX Corp., Cooling Tower Depot Inc., Delta Cooling Towers Inc., FANS a.s., ESINDUS, and SPIG S.p.A.

The global cooling towers market is segmented into:

By Type

Open Cooling Towers
Closed Circuit Cooling Towers

By Heat Exchange Method

Evaporative
Dry Cooling Towers
Plume Abatement (Hybrid)

By Application

Air Conditioning
Power Generation Utilities
Manufacturing Industry

By Region

Western Europe
Eastern Europe
Asia Pacific (Excluding Far East)
Southern Africa
North America
Rest of the World (Middle East, South America, North Africa and Far East)

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Mr. Sudip. S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Cooling Towers Market to Reach US$3.1 bn by 2020, Increasing Industrial Activities to Drive Growth here

News-ID: 341230 • Views: 169

More Releases from Transparency Market Research

Coronavirus's Impact On Water Analysis Instruments Market
Water analysis instruments are used to analyze water to detect the presence of hazardous chemicals and biological agents. Rising population and significant increase in rate of industrialization has increased water pollution notably which is affecting aquatic ecosystems at a global level. Ever increasing demand for safe, clean, and quality water has forced government organizations to undertake major steps against growing issues of water pollution. Water analysis instruments are used to
Digital Engineering Solutions & Services Market Huge Growth Opportunity by 2027
Digital engineering is the process of data formation, collection, and incorporation using a digital skillset. From drawings to simulation and 3D models, in a digitized world, engineers are constantly utilizing digital technology to collect data and develop design. The art of digital engineering allows designers to explore possibilities through progressive applications and develop innovative solutions in a virtual environment. Obtain Report Details @ https://www.transparencymarketresearch.com/digital-engineering-solutions-and-services-market.html Increasing usage of 3D moduling solutions 3D models are
Coronavirus's Impact On Archival Data Storage Market
Global Archival Data Storage Market: Introduction Archival data storage is a form of storage designed for data which is not needed at present but needs to be stored so that it can be retrieved in the future, if necessary. Usually, backup systems often allow for archiving records. Corporates and government organizations of various countries have started to understand the value of a secure long-term archival storage policy for their sensitive data
SIP Trunking Services Market is likely to expand swiftly, registering a strong C …
SIP (Session Initiation Protocol) Trunking Services market is set to see a steady CAGR (Compound Annual Growth Rate) of 18.6% during the forecast period 2016 to 2024, as per a Transparency Market Research (TMR) study. It would translate to market opportunities worth USD 20.75 bn. It is primarily owing to their cost benefits over traditional telephony systems. Obtain Report Details @ https://www.transparencymarketresearch.com/sip-trunking-services-market.html The use of SIP Trunking services in BFSI, Telecom

All 5 Releases


More Releases for Cooling

Cooling Towers Market - Cooling Towers Market Global Research Report 2022
In this report, the global Cooling Towers market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Cooling Towers in these regions, from 2012 to 2022 (forecast), covering North
Turbine Inlet Cooling Systems
Transparency Market Research has released a new market report titled Turbine Inlet Cooling Systems Market by Technology - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022. According to this report, the global turbine inlet cooling systems market stood at US$7.8 bn in 2013 and is anticipated to surpass US$13.1 bn by 2022, at a CAGR of 6% from 2014 to 2022. The report on
buzcelik cooling system
As one of the leading suppliers in the field of cooling technologies in Turkey, Buzcelik commenced the production activities by manufacturing industrial type refrigerators in 1982. Buzcelik intensified the activities on finned tubular heat exchangers and it has been located itself between pioneers of cooling industry in course of time by specializing the procurement process in manufacturing of; Commercial and Industrial Type Air Cooled Condensers,
i7 PCs with optimised cooling
The processing of image data is processor-intensive. Whether for video monitoring of traffic flow or imaging techniques for medical technology: processor power is demanded. However, powerful processors develop extreme temperatures when constantly burdened and these must be dissipated as fast and as efficiently as possible. The new ECS-5600 series Box PCs from acceed solve this task with optimised coolers. Moreover, they offer the required high processor power for image processing
Plum Heating and Cooling Offers New and Enhanced Cooling Systems
Plum Heating and Cooling is one of the most popular heating and cooling solution providers in Melbourne, Australia. The company is one of the fastest growing services in the region and is known for its top of the line customer services. This heating and cooling solution provider has earned the reputation of providing the most technologically advanced cooling systems from well known brands like Braemar & Lennox. The Add-on Cooling
District Cooling Is The Future Of Cooling
At current levels, 70 percent of annual peak electricity consumption is used by air conditioning units to meet the cooling demands in Saudi Arabia and the demand is expected to nearly triple by 2030. It is expected that by year 2030, 1.5 million barrels of oil per day will be needed to power air-conditioning units. Prudent developers and authorities are turning to District Cooling (DC) technology as it has proven,