Press release
Global Cooling Tower Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
A cooling tower is a mechanism that rejects waste heat to the environment by lowering the temperature of a stream of coolant, which is effectively a stream of water. These towers can either rely solely on air in the case of drying towers to cool the working liquid to the temperature of the dry bulb and then adjust temperature with radiators, or they can use the evaporation of water to remove process heat and cool the working fluid to approach the wet-bulb air temperature. The most common uses are for refrigerating the circulating water in petrochemical and other chemical industries, oil refineries, control rooms, atomic power plants, and HVAC systems for cooling buildings.
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Asia Pacific is projected to have the highest CAGR over the forecast period, owing to The expanding infrastructure problems in China and India, as well as urbanisation, industrialization, and population increase in these nations, will all have an impact on the worldwide market in this sector. The market expansion for food and beverage items as well as energy-efficient businesses in the APAC region was driven by the region's increasing demand. New power plants were built due to the rising demand for electricity and the growing population, which fuelled the market's expansion.
Some of the key players profiled in the Cooling Tower Market include ENEXIO, Thermax Limited, Baltimore Aircoil Company Inc., Nihon Spindle Manufacturing CO. LTD., Hamon & CIE, Mita Cooling Technologies SRL., Artech Cooling Towers PVT. LTD., SPX Corporation, United Metal Products, Amcot Cooling Tower Corporation, Johnson Controls, Boldrocchi T.E. SRL, Paharpur Cooling Tower Limited, Evapco, INC., Star Cooling Towers Pvt. Ltd, Tower Thermal PTY. LTD., Babcock & Wilcox Enterprises INC., Bell Cooling Tower, Brentwood Industries, INC. and Thermal Care, Inc.
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