A recent MarketsandMarkets study estimates the cooling tower market will reach $2.88 billion — a compound annual growth rate (CAGR) of 4.2 percent — by 2020.
Baltimore Aircoil Co. has announced a price increase of 3 percent on open cooling towers, 4 percent on all coil products, and up to 4 percent on parts manufactured in North America, effective immediately.
Babcock & Wilcox Enterprises Inc. (B&W) announced it has completed its acquisition of SPIG S.p.A., a global provider of custom-engineered cooling systems and services. The acquisition is based on an enterprise value of €155 million, subject to certain adjustments.
The global field-erected cooling tower market is forecast to reach $2.11 billion by 2021, growing at a compound annual growth rate (CAGR) of 4.3 percent from 2016 to 2021, according to a new report published by MarketsandMarkets.
Since the Punta Cana airport is within a kilometer of the ocean and its salt air, when working on the new international terminal, it was important to consider the choice of cooling towers that support the chillers for the terminal’s HVAC system.
The market is being driven by rising HVACR deployments, increasing power-generation capacity, and technological advances in cooling towers. Asia-Pacific is expected to witness strong growth in the next five years. The demand across the region is reinforced by the emerging markets, namely China and India.
The global cooling tower market is forecast to grow from $2.34 billion in 2015 to $2.88 billion by 2020, at a compound annual growth rate (CAGR) of 4.2 percent, according to a new report published by MarketsandMarkets.
Like to know more about cooling towers? Cooling Tower 101 will provide an overview of the basics of cooling tower technology and application. Topics to be covered include common cooling tower terms, how cooling towers work, the most common configurations used today, and design considerations.
SPX Corp. announced an agreement for the sale of its Dry Cooling business to Paharpur Cooling Towers Limited. The purchase price is estimated to be approximately $48 million, subject to adjustments for working capital at closing.