Cooling Tower Market was valued at USD 4772.8 million in 2021 and is expected to grow at a CAGR of 5% between 2022 and 2028. High load-carrying capacity, high structural performance, the ability to minimize the emitted noise level and architectural properties of some of the very characteristic phenomena that will stimulate the concrete cooling tower market size. India, Indonesia, China and other Middle Eastern countries in large-scale thermal power plants towards increasing investment is the drive industry growth. In addition, growth throughout the use of heavy industrial applications including oil refining, petrochemical and fertilizer plants will have a positive impact on the growth of the industry.
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Top Major Key Players Industries
Baltimore Aircoil Company Inc.,
ENEXIO Water Technologies GmbH,
Hamon & CIE International SA,
B&W Spig S.P.A.,
SPX Corporation,
Paharpur Cooling Tower Limited,
Brentwood Industries, Inc.,
Johnson Controls Inc.,
Engie Refrigeration GmbH,
EVAPCO, Inc.
By Material
Fiber Reinforced Plastic (FRP)
High-Density Polyethylene (HDPE)
Steel
Concrete
Others
By Type
Open-circuit
Closed-circuit
Hybrid
By Application
HVAC
Power Generation
Oil & Gas
Industrial
Others
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Scope of the Report
The research study analyzes the global Cooling Tower industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Cooling Tower Market Report
What was the Cooling Tower Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Cooling Tower Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Cooling Tower Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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