Albany, NY -- (SBWIRE) -- 08/08/2016 -- A cooling tower is a device that rejects heat and whose prime task is to discard heat into the atmosphere. The cooling tower is an important component of many refrigeration systems that provide process cooling and comfort through a varied range of applications. They are the active working point in the system where heat is irreversibly lost to the atmosphere through the evaporative process, and are commonly used in industries such as oil refining, steel mills, power plants, chemical processing, and many different manufacturing processes where process cooling is required.

The global cooling towers market to grow at a CAGR of 5.12% during 2014-2019. This report covers the present scenario and the growth prospects of the global cooling towers market during 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of the cooling towers in the following end-user segments: chemical, HVAC, petrochemical and oil and gas, power generation, and food and beverage industries.

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Technavio's report, Global Cooling Towers Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Baltimore Aircoil Company
- Delta Coolong Towers
- GEA Heat Exchanger
- Hamon
- Spig

Other prominent vendors
- Cenk Industrial Plants Manufacturing and Contracting
- Cooling Tower Depot
- Kimre
- Liang Chi Industry
- Paharpur Cooling Towers
- Torraval Cooling

Market driver
- Industrial activities in developing countries
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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