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Home>Global Cooling Towers Market 2017-2025 - Growth Trends, Key Players, Competitive Strategies - Research and Markets

Global Cooling Towers Market 2017-2025 - Growth Trends, Key Players, Competitive Strategies - Research and Markets

Global Cooling Towers Market 2017-2025 - Growth Trends, Key Players, Competitive Strategies - Research and Markets

09/28/2017

Global Cooling Towers Market 2017-2025 - Growth Trends, Key Players, Competitive Strategies - Research and Markets

The "Global Cooling Towers Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025" report has been added to Research and Markets' offering.

The global cooling towers market stood at US$ 2,763 Mn in 2017 and is estimated to expand with a CAGR of 4.6% from 2017 - 2025.

The most significant factor bolstering the cooling towers market growth is the rising industry worldwide. Similarly, with rising power consumption and demand worldwide, the number of power plants is expected to soar significantly in the coming years. This is another significant factor fueling the market growth. Cooling towers help reducing excessive usage of water as the same water stream is cooled and circulated in the process.

The cooling towers market is highly fragmented in nature with large number of international as well as regional players operating in the market. The manufacturers majorly focus upon developing products that offer high efficiency and lesser external water contamination. Due to stringent regulations over generation of contaminated water in the process, complying with these norms becomes priority for the manufacturers.

Some of the major players in the market comprise Baltimore Aircoil Company, SPX Corporation, GEA Heat Exchangers Group, Paharpur Cooling Towers Ltd., EVAPCO Group and others.

Key Trends:

  • Development of hybrid cooling towers for better water efficiency
  • Strengthening global sales channel in order to maintain and expand the sales
  • Acquisition of other players for strengthening product portfolio as well as global presence

Key Topics Covered:

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