Allied Market Research
Loading...
Cart
0
Allied Market Research

Cooling Towers Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

A07708
Pages: NA
Dec 2020 | 53 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Cooling Towers Market

Request Now !

Cooling towers are used for maintaining temperatures in the chillers for a number of industrial applications. The device is mainly used in the manufacturing and power generation industries for keeping the environment cool. The basic task of cooling towers is to remove heat and maintain cool temperature. The heat regulation can be maintained in air conditioning systems by using cooling tower.  They have a number of applications such as power generation, manufacturing industry, HVACR, food and beverage, and others.

Basically, cooling tower is a technology known for maintaining temperature in the chillers for various industrial applications. Important usage of cooling towers is in power generation and manufacturing units in industrial sectors in order to maintain cool environment.  The cooling tower is primarily used to transfer the heat into the atmosphere. These are comparatively inexpensive and dependable means of removing low-grade heat from cooling water. Cooling towers are most widely used in removing excess heat that is generated and is used to represent a relatively dependable and inexpensive means of removing low-grade heat from cooling towers.

 Market scope and structure analysis:

                Report Metric

                                       Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value ($USD Million)

  Segments covered

  Type, Application, and Region

  Geographies covered

North America (US and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

  • SPX corporation
  •  Hamon axisparc
  • Enexio,
  • SPIG SPA
  • Baltimore Aircoil Company
  •  Samco
  • Nalco
  • American water treatment

 

Covid-19 impact on industry -

COVID-19 pandemic has shut-down the production of various products in cooling tower market industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of cooling tower market significantly from last few months, as is likely to continue during 2020.

COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.

The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.

Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.

Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

An important growth driver for cooling towers is its usage in various industries such as food and beverages and oil industry are factors that drive the growth of the market.

Advantageous features in the cooling tower  

An important growth driver for cooling towers is its usage in various industries. Cooling towers started using as energy efficient systems, as water cooled systems as they offer lower energy use than air cooled. Cooling towers are further used in food processing plants, petroleum refineries, natural gas plants and others as cooling towers are designed for cooling the circulating water during the manufacturing process, which is further increasing the market. Moreover, the cooling towers prevent the overheating of the other machines. Increasing demand of cooling towers in various field such as construction, manufacturing units, power generation and air conditioning industry is a major factor expected to increase growth of the global cooling tower market. In addition, constant increment  in cooling tower technologies as well as high usage of cooling tower by various sectors are factors estimated  to fuel growth of the global cooling tower market. Development and high demand of this cooling towers in the commercial buildings is predicted to boost the growth of the global cooling tower market.

Moreover, some factors such as low cost of cooling towers and high efficiency are anticipated to drive the growth of the global cooling tower. Also, rising need for temperature maintenance and rapidly growing industrialization are other factors projected to increase the growth of the global cooling tower market. Increasing usage of cooling towers in applications in various industries such as food and beverages, gas and oil among other industries is expected to boost the global cooling tower market.

However, there are issues related to corrosion and scaling, unchecked water flows through a cooling tower that makes metal weak and result into water leakage and high maintenance cost, which are factors expected to inhibit growth of the global cooling tower market. In addition, possible negative impact on environment by increasing usage of cooling towers is another major factor expected to prohibit growth of the global cooling tower market to a certain extent.

Surge in usage of coolant tower in industry

The increasing demand in the construction, air conditioning, manufacturing, and power generation industry is expected to increase the global cooling tower market. The rising technological advancements in the cooling towers and high HVACR deployments increase the global cooling tower market. There is high demand for cooling towers in the commercial buildings that excels the global cooling tower market. The increasing demand for HVACR systems in the construction industry increases the growth of the global cooling tower market in various regions. The   rising industrialization around the globe is expected to drive the growth of the global cooling tower market.

 

Key segments covered:

          Segments

                              Sub-segments

  Type

  • Closed Circuit Cooling Towers
  • Open Cooling Towers

   Application

  • Industry
  • Power Generation Utilities
  • Air Conditioning

 

 

 


 

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA


 

 

Key benefits of the report:

  • This study presents the analytical depiction of the cooling tower  market along with the current trends and future estimations to determine the future of the market 
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cooling tower market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the cooling tower market growth scenario.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Cooling Towers Market- Global Opportunity Analysis and Industry Forecast, 2020–2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts