The cooling tower rental market is expected to grow from an estimated USD 0.77 Billion in 2017 to USD 0.99 Billion by 2022, at a CAGR of 5.18%, during the forecast period. This growth can be attributed to the factors such as rise in the number of HVACR deployments and growth in industrial activities, stringent environmental regulations, the need for emergency supplemental cooling, and the economic benefits of cooling tower rental over cooling tower purchase.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Cooling tower rental market. They are Aggreko (U.S.), Caterpillar, Inc. (U.S.), Trane, SPX Corporation (US), united rental and Sunbelt rental (U.S.) and Johnson Controls. The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.
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Scope of the Report:
The cooling tower rental market has been segmented as follows.
By Type:
• Wet
• Dry
• Hybrid
By Capacity:
• 500-1000 tons
• Up to 500 tons
• 1000-1500 tons
• 1500-3000 tons
• Above 3000 tons
By Design:
• Mechanical Draft
• Natural Draft
By End User:
• Industrial
• Commercial
By Region:
• North America
• South America
• Asia Pacific
• Middle East & Africa
• Europe
Browse 74 Market Data Tables and 38 Figures spread through 145 Pages and in-depth TOC on "Cooling Tower Rental Market - Global Forecast to 2022"
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Objectives of the Study
• To define, describe, and forecast the market by design, by capacity, by type, and region.
• To provide detailed information regarding the major factors influencing the growth of this market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, partnerships, and collaborations in this market
The research methodology has been explained below.
-Study of annual revenues and market developments of the major players that manufacturers cooling towers
-Assessment of future trends and increasing capacity of the market
-Assessment of the market with respect to the type of cooling tower rentals used by various end-users in various applications
-Study of the market trends in various regions or countries supported by the type of cooling tower rental
-Study of contracts & developments related to the cooling tower rental market by key players across different regions
-Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing cooling tower rentals across the globe
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North America: the leading Cooling tower rental market
In this report, the cooling tower rental market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The North America market is expected to lead the cooling tower rental, by region. The increasing need for electrical energy and a significant growth in the food & beverage industry in the region will drive the market during the forecast period in the region.
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