The Business Research Company covers the cooling tower market drivers and restraints, market size, major players, and the impact of COVID-19 on the market.
LONDON, GREATER LONDON, UK, May 18, 2022 /EINPresswire.com/ — According to ‘Cooling Tower Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the cooling global tower market size is expected to grow from $2.97 billion in 2021 to $3.14 billion in 2022 at a compound annual growth rate (CAGR) of 5.67%. The global cooling tower market size is expected to reach $3.76 billion in 2026 at a CAGR of 4.63%. Rising demand for cooling towers from the developing markets of Asia-Pacific is expected to drive the cooling global tower market.
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The cooling global tower market consists of sales of the cooling tower by entities (organizations, sole traders, partnerships) that refers to specialized heat exchanger, in which air and water are forced into a direct contact to reduce the water’s temperature. During the colling tower process, small quantity of water evaporates and lowers the water, which is being circulated throughout the tower.
Global Cooling Tower Market Trends
The installation of eco-friendly products is a key trend in the cooling tower market. Eco-friendly products use water rather than air to transport heat rather than air, which is roughly 3,200 times more efficient and environmentally friendly.
Global Cooling Tower Market Segments
The global cooling tower market is segmented:
By Type: Evaporative Cooling Tower, Dry Cooling Tower, Hybrid Cooling Tower
By Flow: Cross Flow, Counter Flow
By Application: Chemicals, Petrochemicals, Power Generation, HVACR, Food & Beverages, Other Applications
By Geography: The global cooling tower market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest share.
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Cooling Tower Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides cooling tower market overview, market analysis and forecasts market size and growth for the global cooling tower market, market share, market segments and geographies, market trends, market players, market leading competitor revenues, profiles and market shares. The cooling tower market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Cooling Tower Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: SPX Corporation, Baltimore Aircoil Company, Evapco Inc, Bell Cooling Tower, Brentwood Industries Inc., Enexio, Paharpur Cooling Towers, ENEXIO Management, Baltimore Aircoil Company (BAC), Hamon & Cie International SA, Johnson Controls, Perfect Cooling Towers, and Thermal Care.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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