The latest report on the Cooling Towers Market is 250 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2030 and offers valuable insights into the market landscape.
Global cooling towers market to reach USD 4.7 billion by 2027. Global cooling towers market is valued approximately at USD 3.53 billion in 2020 and is anticipated to grow with a healthy growth rate of about 4.1% over the forecast period 2021-2027.
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Cooling towers market are a special kind of heat exchanger which are designed to remove heat from a facility or building by spraying water down through the tower in order to exchange heat inside of the building. Air comes from the tower sides and then passes through the falling water. The global cooling towers market is being driven by rapid industrialization and the establishment of new data centers and increasing demand for energy-efficient cooling systems in industrial and commercial applications. Furthermore, growing demand from nuclear power generation will provide new opportunities for the global cooling towers industry.
There has been growth witnessed in the number of data centers across the globe. For instance, according to Statista, since 2015, the total number of hyperscale data centers across the globe has more than doubled and have reached 597 by the end of 2020. Such growth in the number of data centers across the globe is expected to increase the demand and adoption of cooling towers in data centers in order to manage and remove heat from the center. Hence, this is expected to promote the market growth. However, environmental concerns associated with cooling towers may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global cooling towers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global cooling towers market over the forecast period 2021-2027. Factors such as rapid industrialization, increase in the number of manufacturing facilities, rising focus to construct nuclear power plants, rapid expansion of IT and telecommunications sector, etc. contribute towards the largest market share of the region in the forecast years.
Key Companies Covered in the Cooling Towers Market Research are Babcock & Wilcox Enterprises, Inc., Baltimore Aircoil Company, Cenk End? 1/4 stri Tesisleri Imalat Ve Taah? 1/4 t A.??., Cooling Tower Systems, Inc., Delta Cooling Towers, Engie Refrigeration GmbH, EVAPCO, Inc., S.A. Hamon, Johnson Controls, Inc., Kelvion Holdings GmbH and other key market players.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Open-Circuit
Closed-Circuit
Hybrid
By Material:
FRP
Steel
Concrete
Wood
HDPE
By Application:
HVAC
Power Generation
Oil & Gas
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Core Chapters:
Chapter 1: Introduction: This chapter outlines the scope of the report and provides an executive summary of the different market segments, including the market size, future development potential, and evolution of the market in the short to mid-term and long term.
Chapter 2: Competitive Landscape: Here, we conduct a detailed analysis of the competitive landscape of market manufacturers, including price, output, and revenue market share, latest development plans, mergers, and acquisition information.
Chapter 3: Production and Value Analysis: This chapter provides a quantitative analysis of the production/output and value of market by region/country, identifying the market size and development potential of each region in the next six years.
Chapter 4: Consumption Analysis: We analyze the consumption of market in different regions and countries, introducing the market development, future prospects, market space, and capacity of each country in the world.
Chapter 5: Product Segment Analysis: This chapter provides an analysis of various market segments according to product type, covering the market size and development potential of each market segment.
Chapter 6: Application Segment Analysis: We analyze various market segments according to application, covering the market size and development potential of each market segment.
Chapter 7: Company Profiles: This chapter provides detailed profiles of key players in the market, including product production/output, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Industrial Chain Analysis: Here, we analyze the industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales Channel Analysis: We analyze the sales channel, distributors, and customers in this chapter.
Chapter 10: Market Dynamics Analysis: This chapter introduces the market dynamics, latest developments, driving factors, restrictive factors, challenges, and risks faced by manufacturers in the industry, along with an analysis of relevant policies.
Chapter 11: Production and Supply Forecast: We provide a production and supply forecast for the global and regional market.
Chapter 12: Consumption and Demand Forecast: This chapter provides a consumption and demand forecast for the global and regional market.
Chapter 13: Type and Application Forecast: We provide a quantitative analysis of the market size and development potential of each market segment in the next six years.
Chapter 14: Conclusion: Finally, we present the main points and conclusions of the report, providing readers with a comprehensive understanding of the market and its potential growth prospects.
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