Cooling Tower Fans Market Global Industry Analysis, Size and Research Report 2020

The Cooling Tower Market Global Industry Report was USD 2.24 Billion in 2014 and is projected to reach USD 2.87 Billion by 2020, at a CAGR of 4.2% from 2015 to 2020. In this study, 2014 has been considered as the base year, while the forecast period has been considered from 2015 to 2020.

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Cooling Tower value chain consists of manufacturers such as Baltimore Aircoil Company Inc. (U.S.) and Enexio (Germany), Hamon & Cie International SA (Belgium), and others. The next step in the value chain consists of distribution and marketing of cooling towers to particular end-use industries such as Power Generation, Petrochemical and Oil & Gas, Food & Beverage and others.

The main objective of the study is to define, describe, and forecast the cooling tower market based on type, application, Construction Material and Design, and region. The report includes detailed information about the major factors, such as drivers, restraints, opportunities, and industry specific challenges influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In the report, the cooling tower market has been studied for regions, namely, North America, Europe, Asia Pacific, and Rest of the World.

In this report, the market sizes have been derived through various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the cooling tower market. These secondary sources include annual reports, press releases, and investor presentations of companies; associations such as Cooling Technology Institute (CTI), American Society of Mechanical Engineers (ASME), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report.

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Scope of the Report

The report forecasts revenue growth and provides an analysis of trends in each of the subsegments of the cooling tower market. This research report categorizes the market based on the following:

Cooling Tower Market, By Type:

·         Evaporative Cooling Tower

·         Dry Cooling Tower

·         Hybrid Cooling Tower

Cooling Tower Market, By Construction Material and Design

·         Cooling Tower Market, By Construction Material

·         Cooling Tower Market, By Design

·         Mechanical Draft Cooling Tower

·         Natural Draft Cooling Tower

Cooling Tower Market, By Application:

·         Chemicals

·         Petrochemicals and oil & gas

·         HVACR

·         Food & beverages

·         Power generation

·         Others