Global Cooling Tower Market

May 2020| VMR2053A| Verified Market Research

Report Highlights

Cooling Tower Market Size And Forecast

According to Verified Market Research, Global Cooling Tower Market was valued at USD 2.7 Billion in 2018 and is projected to reach USD 3.79 Billion by 2026, growing at a CAGR of 4.32% from 2019 to 2026.

Global Cooling Tower Market Outlook

Increasing demand for cooling towers in the construction, air conditioning, manufacturing and power generation industry is likely to drive the growth of the market over the forecast period. The rise in demand for the HVACR system in the construction and manufacturing industry is anticipated to drive the growth of the market. The rapid pace of urbanization and industrialization is also expected to support the growth of the market. However, high maintenance cost is a major factor that may affect the growth of the cooling tower market. Moreover, with the growing technological advancement in the cooling towers coupled with the rise in demand from the developing countries is anticipated to propel the growth of the market over the forecast period. 

Global Cooling Tower Market Competitive Landscape 

The Global Cooling Tower Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as SPX Corporation, Baltimore Aircoil Company, Evapco Inc., Bell Cooling Tower, Brentwood Industries Inc., Enexio, Star Cooling Towers Private Ltd., SPIG S.p.A., Paharpur Cooling Towers, and Hamon & Cie International SA.

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