World Cooling Towers Market to Reach US$1.8 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Cooling Towers markets. The global market for Cooling Towers is projected to reach US$1.8 billion by the year 2015. Cooling Towers represent a mature market with limited growth opportunities for market participants. Repairs and innovations are likely to drive growth in the short run, as mandated by the environmental regulations of governments across the world. In the future, focus is likely to shift towards construction materials, positioning and energy consumption of fans, reduced noise levels, and the use of natural cleaning systems to restrain bacterial growth.

Cooling Towers: A Global Strategic Business Report

Cooling towers constitute essential equipment for efficient functioning of numerous large-scale applications. For industries, cooling towers are essential due to their role in eliminating heat absorbed in circulating cooling water systems. The circulating cooling water systems deal with absorbing heat from various industrial processes for providing a cooling effect. Such towers are used extensively in industries such as chemical plants, petrochemical, petroleum refineries, nuclear power plants, and natural gas processing facilities. Though the global financial crisis significantly affected the construction and building industries, cooling tower industry is one of the few sectors of the building segment to be minimally affected by the negative sentiment in the global business. Presently, the cooling towers industry relies heavily on repairs and innovations, as mandated by environmental regulations passed by different governments.

The United States and Europe dominate the global cooling towers market, as stated by the new market research report on Cooling Towers. With energy efficiency and environment-related issues emerging as key focus areas for end-users, product developments and innovations aimed at addressing these concerns are expected to help suppliers to consolidate customer base and overcome the economic adversities. Demand prospects for cooling towers are expected to be significantly affected by the growing environmental concerns. The segment faces concerns pertaining to the release of plume from evaporative cooling towers, which are known to pollute the environment and cause Legionnaires' disease. In addition, growth in the cooling tower market is likely to be constrained due to less frequent investments in end-user segments such as HVAC and power.

Modular cooling towers are anticipated to eat into the market for conventional cooling towers, as they reduce the cost of cooling tower by enabling customers to buy the product in stages and reduce the up-front costs. Currently, cooling by water through cooling towers is cheaper and thus is the preferred alternative the world over. However, regulatory restrictions on discharge of heated water into waterways and reduced availability of water are expected to drive the market towards dry cooling units. The focus on establishment of nuclear power plants in China and India is likely to boost the cooling tower market in Asia-Pacific.

Component and system suppliers dominate the market, with cooling system suppliers playing a minor role. Major players profiled in the report include SPX Corporation, Baltimore Aircoil Company, GEA AG, Liang Chi Industry Co. Ltd., Cooling Tower Depot Inc., BERG Chilling Systems, Brentwood Industries, Cofely Refrigeration GmbH, Cooling Tower Systems Inc., Delta Cooling Towers Inc., Evapco Inc, SPIG SpA, Star Cooling Towers, and Tower Tech, Inc. among others.

The report titled “Cooling Towers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the industries, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. The cooling tower market is analyzed by end-use industries - Air Conditioning/HVAC, Heavy Industrial & Utility, Chemical Industry and Other Industries.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Cooling_Towers_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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