DUBLIN, March 4, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/xxwxvl/cooling_tower) has announced the addition of the "Cooling Tower Market - Trends & Forecasts to 2020" report to their offering.
The cooling tower market is estimated to reach $2.88 Billion by 2020, at a CAGR of 4.2%.
The report segments the market by application into chemical, petrochemical and oil & gas, HVACR, food & beverage, and power generation; and by region into North America, Europe, Asia-Pacific, and RoW. Base year considered for the study is 2014, while the forecast period is between 2015 and 2020. The market is driven by increasing energy demand, stringent environment regulations, and growth in the end-use industries.
Asia-Pacific dominates the cooling tower market owing to increased demand from the HVACR application segment. Rising population, industrialization, and growing concerns related to infrastructure development have significantly increased the growth of the region's building & construction industry, which consequently has triggered the demand for cooling tower. Power generation and HVACR are the top two applications contributing to the growing demand for cooling tower in Asia-Pacific. Europe is the second largest market for cooling tower globally.
Different types of cooling towers are manufactured for various applications. They serve various end-use industries including chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, and others for an array of applications. The value chain for the cooling tower manufacturers begins with research & product development and ends at the end-use industries.
Key Target Audience:
- Manufacturers of cooling tower
- Traders, distributors, and cooling tower suppliers
- Regional manufacturer associations and general cooling tower associations
- Government and regional agencies and research organizations
- Investment research firms
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Cooling Tower Market, By Type
8 Cooling Tower Market, By Construction Material and Design
9 Cooling Tower Market, By Application
10 Cooling Towers Market, By Region
11 Competitive Landscape
12 Company Profiles
- Baltimore Aircoil Company Inc.
- Bell Cooling Tower
- Brentwood Industries, Inc.
- Hamon & CIE International SA
- Johnson Controls Inc.
- Paharpur Cooling Tower Limited
- SPX Corporation
- Spig S.P.A.
- Star Cooling Towers Pvt. Ltd.
For more information visit http://www.researchandmarkets.com/research/xxwxvl/cooling_tower
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SOURCE Research and Markets