Cooling Towers Market Projected to Surpass US$5 Billion by 2029, Fueled by Technological Innovations and Industrial Boom | 2024 Industry Research [Yahoo! Finance]
Babcock & Wilcox Enterprises, Inc. (BW)
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm
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Source: Yahoo! Finance
The global cooling towers market is experiencing substantial growth, projected to rise from US$4.207 billion in 2024 to US$5.329 billion by the end of 2029, with a compound annual growth rate (CAGR) of 4.84%. Cooling towers, as critical heat management systems, are seeing increased demand, particularly in industrial settings where they play an essential role in maintaining temperature regulation and ensuring operational efficiency. Boost in Manufacturing and Energy Sectors Spurs Demand for Cooling Towers Fueled by the development of new manufacturing units, oil and gas refineries, and power stations, the cooling towers market is benefitting from significant infrastructure investments. This demand is further supported by the ongoing technological advancements in cooling tower design and performance, enhancing their capacity to manage waste heat effectively. Nevertheless, challenges such as raw material costs and price volatility persist, potentially restraining market growth. No
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BW
Earnings
- 11/12/24 - Miss
BW
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- BW's page on the SEC website