Cooling Towers Market Set to Witness Significant Growth in the Coming Years

Cooling towers are heat rejection devices operated to lower the ambient temperatures within enclosed spaces. They are also used to remove heat from heating, ventilation, and air conditioning (HVAC) systems in buildings. Moreover, in industrial settings, cooling towers are used to maintain the temperature of chillers and attain energy efficiency. They are used in the chemical, oil & gas, food processing, and power generation plant industries.

Cooling towers function by moving the heat from warm water through the process of evaporation. The circulating warm water is transported to the cooling tower, where a fraction of it is evaporated into the air through the tower. The heat is extracted through the process of evaporation from the circulating water, which in turn decreases the temperature of the remaining water. Cooling towers are available in different sizes ranging from small roof-top towers to huge hyperboloid structures depending upon the applications. There are two types of cooling towers: open cooling towers and closed-circuit cooling towers.

The most common cooling towers worldwide are the open type. The most important factor bolstering the demand for open cooling towers is their efficient, economical, and simple design. However, closed circuit cooling towers enable minimum contamination and evaporation of water. This, in turn, reduces the overall water loss in the cooling process. But, closed circuit cooling towers offer these features at the expense of high cost. Hence, closed circuit cooling towers have seen limited adoption in applications where cost is not a major constraint and in the regions with ample fresh water.

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Cooling tower is a heat rejection device that removes the unwanted heat from the cooling system in the atmosphere. Cooling tower is used to cool the water circulating in the cooling system. The circulating water is cooled either by evaporation or by blowing air to the warm water. Cooling towers are widely used in different industries such as chemical, oil and gas, food processing, power generation plants and other air-conditioning applications. Cooling towers help in saving large amount of water as it cools and circulates water continuously throughout the cooling system. Rising need for energy efficient cooling towers across different industries is the major factor driving the cooling towers market globally. Furthermore, growing manufacturing industry and large number of upcoming power plant projects are further to bolster the demand for cooling towers during the forecast period.

The cooling towers market is segmented based on the types of cooling towers, heat transfer method, applications and geographic regions. The basic types of cooling towers are open cooling towers and closed circuit cooling towers. Different heat transfer methods used in cooling towers are evaporative cooling, dry cooling and hybrid (a combination of evaporative and dry cooling method) cooling method. The cooling towers market is segmented based on its applications as Heating, ventilation, and air conditioning (HVAC), power generation utilities and manufacturing industries. On the basis of geographic regions, cooling towers market is segmented into Western Europe, Eastern Europe, Asia Pacific excluding Far East, Southern Africa, North America and Rest of the World (RoW). RoW comprises South America, Middle East, North Africa and Far East.

This 128-page report gives readers a comprehensive overview of the Cooling Towers (Evaporative, Dry, Hybrid) Market. Browse to unlock the hidden opportunities in this market

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The detailed value chain analysis helps the market competitors to formulate their business strategies at every stage of their business. Moreover, the market estimates have been analyzed by keeping in mind the several factors which affect the market including but not limited to technological, economical, social, environmental and legal.

The key players of cooling towers market have been profiled with a focus on competitive details such as company and financial overview, business strategies and their recent developments. The players profiled in this report include GEA Heat Exchangers Group, Baltimore Aircoil Company, SPIG S.p.A., Hamon Group (Esindus S.A.), SPX Corporation, FANS, a.s., EVAPCO-BLCT Dry Cooling, Inc. (Evapco, Inc.), Paharpur Cooling Towers Ltd., Liang Chi Industry Company Cooling Tower Depot, Inc., Delta Cooling Towers, Inc., Torraval Cooling S.L., Kimre, Inc., OOO TMIM, BROTEP-ECO, Cenk Endüstri Tesisleri Ä°malat ve Taahhüt A.Åž., EvapTech, Inc., and Changzhou Kwell Cooling Equipment Co., Ltd.

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