Cooling towers are an inherent part of a power plant’s steam cycle. Theirs applications is of essence in power plants, especially in thermoelectric power plants to eliminate extra heat from the plant. Industries like manufacturing, growing demand of HVACR systems in air conditioning, cold storage, renewable energy power plant, and others are increasingly adopting cooling towers.
Cooling Tower Market Size exceeded USD 2 billion in 2021 and is projected to grow at a CAGR of over 5% from 2021 to 2028. An increase in industrial and manufacturing activities along with the expansion of chemical, automotive, oil & gas, petrochemical, and fertilizer industries will complement the market growth. Growth for cooling towers would unlock growth prospects due to the increasing construction activities in developing nations. Rapid industrial growth across developing economies; increasing demand of cooling towers in the commercial buildings and utilization of cogeneration technologies will boost the market expansion and business growth.
On this note,Thermal Control Business Update hosted a round table conference on “Cooling Tower Business and Application Prospects” on 15 March 2022 where HVAC professionals discussed about the untapped opportunities for applications in cooling tower, trends and innovations in cooling tower design and technology crucial to future market growth analysing business prospects.
Panel Speakers:
Mr. Dipankar Bhattacharya from DB-Aire India Pvt. Ltd.
Mr. Ravi Prakash from Delta Cooling Towers Pvt Ltd.
