San Jose, CA (PRWEB) March 5, 2008
World Cooling Towers market is forecast to maintain a modest CAGR of just over 1% over the 2001-2010 period and reach in excess of US$1.7 billion by 2010. Heavy Industrial & Utility Applications dominate the global market for Cooling Towers, with a share estimated at 35.02% in 2007.
Growth in cooling tower market is likely to be constrained by less frequent investments in end-user segments such as HVAC and power. Increased lead-time for field-erected towers would drive the late materialization of sales. As a result the market for cooling towers is expected to improve in the near future combined with economic revival and increased environmental awareness.
Modular cooling towers are expected to cannibalize the market for conventional cooling towers. This is expected to reduce the cost of cooling tower as the modular cooling towers enable the customers to buy the product in stages and reduce the up-front costs.
Power plants, refineries and industries, where process heat is dissipated, require cooling towers. Cooling by water through cooling towers is cheaper and thus is the preferred alternative the world over. Regulatory restrictions on discharge of heated water into waterways and reduced availability of water, are the two main factors that are expected to positively impact the revenue stream of dry cooling units.
Major companies covered include Baltimore Aircoil Co, BERG Chilling Systems, Brentwood Industries, Cooling Technologies & Services, Cooling Tower Systems, Inc, Delta Cooling Towers, Inc, Evapco Inc, Gammon India Limited, GEA AG, Ilmed Impianti Srl, Liang Chi Industry Company, Mesan, MFRI, Inc, OK-Markovi, SPX Corporation, Star Cooling Towers, Superchill and Tower Tech, Inc.
End-use markets analyzed in the report include Air Conditioning/HVAC, Heavy Industrial & Utility, Chemical Industry and Other Industries
For more details about this research report, please visit http://www.strategyr.com/Cooling_Towers_Market_Report.asp.
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