According To Predictions, The Cooling Tower Market Will Be Led By The Power Generation Application Segment.

According to projections, the size of the will reach USD 2.6 billion by 2026, rising at a CAGR of 4.5% between 2021 and 2026. The market for cooling towers is being driven by rising HVACR deployments and rising cooling tower demand in developing nations.
The market is being driven by the rise in cooling tower demand as well as the expanding industrialization of emerging economies like APAC and South America. EVAPCO (US), Baltimore Aircoil Company Inc. (US), SPX Corporation (US), Artech Cooling Towers Pvt. Ltd. (India), Babcock & Wilcox Enterprises (US), Brentwood Industries (US), Johnson Controls Inc. (Ireland), Paharpur Cooling Tower Ltd. (India), Enexio (Germany), and Hamon & CIE International are among the leading companies in this market.
Baltimore Aircoil Company Inc. operates as a subsidiary of Amsted Industries Incorporated (US). The company develops and manufactures evaporative cooling towers, thermal storage, and heat transfer equipment. It offers a wide range of cooling towers, such as closed-circuit cooling towers and evaporative cooling towers. The company’s cooling towers are used in various applications such as district cooling plants, heating, ventilation, air conditioning, refrigeration, light/industrial manufacturing, and chemical & petroleum processing.
One of the market leaders in cooling towers, Hamon & CIE International SA (Belgium) does business through its five main divisions: cooling systems, heat exchangers, air quality systems, HRSG-WHB, and chimneys. Through its cooling system business division, the company provides a variety of dry and wet cooling towers that are specially built. Additionally, the company's subsidiary Research Cottrell Dry Cooling (US) exclusively sells dry cooling systems under the cooling system business segment. Following end-use industries like petrochemical, oil and gas, and electric power plants, Hamon & Cie International SA (Belgium) caters to other heavy industries like steel, cement, minerals, glass, and waste incineration. The company's cooling systems are extensively used in nuclear power plants.
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