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Cooling Towers Market in Asia-Pacific, By Type and By Country

Growth in the construction industry has triggered the demand for HVACR systems, which has positively influenced the growth of the cooling tower market in the region.<br>

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Cooling Towers Market in Asia-Pacific, By Type and By Country

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  1. Cooling Tower Market worth $2.88 billion by 2020 Browse 75 market data Tables 56 Figures 152 Pages and in-depth TOC on " Cooling Tower Market"

  2. The market size of cooling tower is estimated to grow from USD 2.34 Billion in 2015 to USD 2.88 Billion by 2020, at a CAGR of 4.2%. The cooling tower marketis driven by the rising HVACR deployments, increasing power generation capacities, and rise in technological advances in cooling towers. Asia-Pacific and RoW are estimated to witness a strong growth in the next five years. The demand across these regions is reinforced by the emerging markets, namely, China and India. Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268219049

  3. The cooling tower are used in various applications, such as chemical, petrochemical and oil & gas, HVACR, food & beverage, and power generation. • In 2015, the power generation application is estimated to account for the largest market share among all the applications, in terms of value, followed by HVACR, food & beverage, chemical, and petrochemical and oil & gas. • The HVACR application is estimated to register the highest CAGR between 2015 and 2020 among all the applications. • 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. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=268219049

  4. The Stakeholders In The Cooling Tower Market Are: • Cooling Tower manufacturers • Cooling Tower traders, distributors, and suppliers • Raw material suppliers • Government and research organizations • Industrial & commercial power equipment agencies The high growth can be attributed to the growing construction industry, especially commercial buildings. Growth in the construction industry has triggered the demand for HVACR systems, which has positively influenced the growth of the cooling tower market in the region. Speak To Our Experts

  5. The major players in the Cooling Tower Market are, • Baltimore Aircoil Company (U.S.) • Bell Cooling Tower (India) • Brentwood Industries Inc. (U.S.) • Enexio(Germany) • Hamon& Cie International SA (Belgium) • PaharpurCooling Towers (India) • SPIG S.p.A. (Italy) • SPX Corporation (U.S.) • Star Cooling Towers Private Ltd. (India) Enquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=268219049

  6. Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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