Transparency Market Research Reports included a detailed market survey and analysis trends on “Cooling Towers Market”. This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure.
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.
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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.
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
- 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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