News

Cooling Towers Market 2020: Global Industry Analysis, Size, Share, Growth, Trends and Forecast To 2027

The global cooling towers market size is projected to reach USD 3.76 billion by the end of 2026. The increasing industrialization across the world will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Cooling Towers Market Size, Share & Industry Analysis, By Type (Wet Cooling Towers, Dry Cooling Towers, Hybrid Cooling Towers), By Application (Chemical & Petrochemicals, Pharmaceutical, Power generation, HVAC, Food & Beverage and Others) and Regional Forecast, 2019-2026,” the market was worth USD 2.52 billion in 2018 and will exhibit a CAGR of 5.2% during the forecast period, 2019-2026.

 

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/cooling-towers-market-102747

Increasing Number of Company Collaborations Will Aid Growth

The report highlights a few of the major industry development of recent times and states their impact on the growth of the market in recent years. Due to the growing demand for cooling towers across the world, several manufacturing industries are looking to collaborate with cooling tower vendors across the world. In September 2019, B&W SPIG announced that it has been awarded a contract for the supply of sea water cooling tower for a large scale projected in Bahrain. The company has previously received several such contracts across the world. Its contract to supply cooling towers to a polypropylene plant in Poland is another example of a major industry development in recent times. B&W’s latest projects will not just help the company grow, but will constitute an increase in the overall market size in the coming years.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cooling-towers-market-102747

Market in Asia Pacific to Emerge Dominant; Growing Demand for Petrochemicals Will Aid Growth

The report analyzes the ongoing cooling tower market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific will account for the highest market share in the coming years. The rising demand for petrochemicals, coupled with the rising food and beverage industry will bode well for the market in this region. As of 2018, the market in Asia Pacific was worth USD 0.87 billion and this value is likely to increase further in the coming years. Besides Asia Pacific, the market in Europe will hold a considerable market share, driven by the increasing penetration of cooling towers across diverse industry verticals.

List of companies profiled in the report include:

  • Delta Cooling Towers, Inc.
  • Baltimore Aircoil Company
  • Paharpur Group
  • SPX Corporation
  • Johnson Controls
  • Thermax Global
  • Hamon & Cie (International) SA
  • BELL COOLING TOWERS
  • Babcock & Wilcox Enterprises, Inc.
  • ENEXIO MANAGEMENT GMBH

Purchase Full Report for Exclusive Cooling Towers Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102747

Other Exclusive Reports:

Lathe Machines Market to be Worth USD 40.22 Billion by 2026, Adoption of Automated Concepts to Aid in Market Expansion

Machining Center Market To Reach USD 43.73 Billion By 2026; Demand for High Precision Machinery to Boost Growth

Welding Wires Market is Likely Reach USD 14,636.7 Million by 2026; Increasing Urbanization Will Aid Growth

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]