Global Cooling Towers Industry

Global Cooling Towers Industry

  • April 2021 •
  • 213 pages •
  • Report ID: 5443587 •
  • Format: PDF
Abstract:
- Global Cooling Towers Market to Reach $4.9 Billion by 2027
- Amid the COVID-19 crisis, the global market for Cooling Towers estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. Heavy Industrial & Utility, one of the segments analyzed in the report, is projected to record a 3.1% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Air Conditioning/HVAC segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 5.3% CAGR
- The Cooling Towers market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$992.5 Million by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
- Chemicals & Petrochemicals Segment to Record 1.9% CAGR
- In the global Chemicals & Petrochemicals segment, USA, Canada, Japan, China and Europe will drive the 1.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$597.5 Million in the year 2020 will reach a projected size of US$664.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$673.1 Million by the year 2027, while Latin America will expand at a 2.6% CAGR through the analysis period.

- Select Competitors (Total 69 Featured) -
  • Babcock & Wilcox SPIG
  • Baltimore Aircoil Company
  • BELL COOLING TOWERS
  • BERG Chilling Systems, Inc.
  • Brentwood Industries, Inc.
  • Composite Cooling Solutions
  • Cooling Tower Depot, Inc.
  • Cooling Tower Systems, Inc.
  • Delta Cooling Towers, Inc.
  • Enexio
  • ENGIE Refrigeration GmbH
  • Evapco, Inc.
  • Evaptech, Inc.
  • Ilmed Impianti Srl
  • International Cooling Tower
  • Kelvion Holding GmbH
  • Liang Chi Industry (Thailand) Co., Ltd.
  • Mesan Cooling Tower Ltd.
  • Paharpur Cooling Towers Limited
  • REYMSA COOLING TOWERS, Inc.
  • Ryowo Holding Co., Ltd.
  • SPX Cooling Technologies, Inc.
  • Star Cooling Towers
  • Superchill Australia Pty Ltd.
  • Thermal Care, Inc.