Cooling Towers Industry 2015 Market Size, Share, Trends and Forecast 2015 – 2020

A cooling tower is a device that rejects heat and whose prime task is to discard heat into the atmosphere. The cooling tower is an important component of many refrigeration systems that provide process cooling and comfort through a varied range of applications. They are the active working point in the system where heat is irreversibly lost to the atmosphere through the evaporative process, and are commonly used in industries such as oil refining, steel mills, power plants, chemical processing, and many different manufacturing processes where process cooling is required.

Technavio's analysts forecast the global cooling towers market to grow at a CAGR of 5.12% during 2014-2019.

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Covered in this report

This report covers the present scenario and the growth prospects of the global cooling towers market during 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of the cooling towers in the following end-user segments: chemical, HVAC, petrochemical and oil and gas, power generation, and food and beverage industries.

Technavio's report, Global Cooling Towers Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Baltimore Aircoil Company

Delta Coolong Towers

GEA Heat Exchanger

Hamon

Spig

Other prominent vendors

Cenk Industrial Plants Manufacturing and Contracting

Cooling Tower Depot

Kimre

Liang Chi Industry

Paharpur Cooling Towers

Torraval Cooling

Market driver

Industrial activities in developing countries

For a full, detailed list, view our report

Market challenge

Competition due to entry of new vendors

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