Chillers and Towers

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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.

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.

The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) and the Natural Resources Defense Council (NRDC) issued a joint letter to the U.S. Environmental Protection Agency (EPA) in support of changing the status of certain refrigerants used in liquid chillers under the Significant New Alternatives Policy (SNAP) program effective Jan. 1, 2025.

Johnson Controls announced it has expanded its magnetic-bearing centrifugal chiller line, the York YMC2, to 1,000 tons of cooling (3,500 kW). The larger cooling capacity units address the need for reduced sound, high efficiency, and low maintenance as well as featuring magnetic bearing and oil free technology.