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Global Cooling Towers Industry

4. REGULATIONS IMPACTING THE INDUSTRY II-26Legionnaire's Disease II-26Prevention of Significant Deterioration (PSD) permits: II-26New Source Review (NSR) Permits II-26Title V Operating Permits II-26NESHAP Regulations II-26Toxic Release Inventory (TRI) Reports: II-27Comprehensive Environmental Response, Compensation andLiability Act (CERCLA) II-27Environment Protection Agency (EPA) II-27Monitoring of Cooling Tower Performance II-27

5. REVIEW OF END-USE INDUSTRIES II-28Air Conditioning/HVAC Applications II-28Heavy Industrial & Utility Applications II-28Petrochemical Industry II-28Power/Utilities II-28Petrochemical Refining II-28Chemical Industry II-29Other Applications II-29Food Processing II-29Paper & Pulp II-29

6. PRODUCT LAUNCHES II-30Mitsubishi Plastics and Union Industry Develop Compact andEasy-to-Install Adsorption Chiller II-30GEM Equipments Unveils Dry Cooling Towers II-30Outotec Introduces Outotec® Cooling Towers II-30

7. PRODUCT INNOVATION/LAUNCH IN THE RECENT PAST - A PERSPECTIVEBUILDER II-31Delta Cooling Introduces Large Capacity Cooling Towers II-31Electro-Chemical Devices Introduces Cooling Tower Control System II-31Baldor Introduces VS1 Cooling Tower Drive II-31DuBois Chemicals Launches Ultrex Plus PBB II-32Novasys Group Introduces LG Sonic Ultrasonic Devices II-32Proton Laboratories Unveils Cooling Tower Process II-32

8. RECENT INDUSTRY ACTIVITY II-33SPX forms Joint Venture with Shanghai Electric Group II-33 Parker Hannifin to Introduce Range of Precision Cooling Units II-33Ramoil Management Inks MOU with Terlyn Industries II-33Hamon Acquires Deltak II-34PPM Bags Contract for Providing Construction and MaintenanceServices from Seminole Electric Cooperative II-34Joseph Heler Cheese Deploys Customised Cooling Towers II-34Tokyo Electric Power to Deploy Cooling System in FukushimaPower Station II-35Aggreko Sets-Up Improved Service Facility in Alberta II-35

9. CORPORATE ACTIVITY IN THE RECENT PAST - A PERSPECTIVE BUILDER II-36SPX Bags Contract for Riyadh PP11 Power Plant II-36SPX Receives Contract from HuaNeng Power International II-36SPIC Cooling Towers to Establish Cooling Towers and PartsFacility II-37GEA Group Aktiengesellschaft Bags Order from Gazprom II-37Evapco Europe Acquires Flex Coil II-37Al Areen Holding Company and BU2 Ink Agreement II-37Gowan Secures Contract from Smith International II-38Allegheny Energy Constructs New Wastewater Treatment Systemand Cooling Tower II-38Drake & Scull Secures Contract from Wahat Al Khartoum UrbanDevelopment Company II-38Shriram EPC Receives Order from Mangalore Refinery andPetrochemicals II-38GEA Power Cooling Bags Cooling Tower Order from West County II-39SPX Receives Order from Kiewit II-39SPX to Acquire Yuba Heat Transfer II-39Solarbrook Water and Power to Develop Distribution Channel forNon-Chemical Cooling Tower Treatment Systems II-39

10. FOCUS ON SELECT GLOBAL PLAYERS II-40Baltimore Aircoil International NV ( Belgium) II-40Baltimore Aircoil Company ( USA) II-40BERG Chilling Systems, Inc. ( Canada) II-40Brentwood Industries, Inc. ( USA) II-41Cofely Refrigeration GmbH ( Germany) II-41Cooling Tower Depot, Inc. (US) II-42Cooling Tower Systems, Inc. ( USA) II-42 Delta Cooling Towers, Inc. ( USA) II-42Evapco, Inc. ( USA) II-43Gactel Turnkey Projects Ltd ( India) II-43GEA Heat Exchangers GmbH ( Germany) II-43HAMON & CIE SA ( Belgium) II-44Ilmed Impianti Srl ( Italy) II-44Johnson Controls, Inc. ( USA) II-44York International Corporation ( USA) II-45Liang Chi Industry Co. Ltd ( Taiwan) II-45Mesan Cooling Tower Ltd. ( Hong Kong) II-45MFRI, Inc. ( USA) II-46Thermal Care, Inc. ( USA) II-46OK-Markovi Ltd. ( Bulgaria) II-46Ryowo Holding Co., Ltd. ( Hong Kong) II-47SPIG SpA ( Italy) II-47SPX Corporation ( USA) II-47SPX Cooling Technologies, Inc ( USA) II-48Star Cooling Towers LP ( USA) II-49Superchill Australia Pty Ltd. ( Australia) II-49Tower Tech, Inc. ( USA) II-49

11. GLOBAL MARKET PERSPECTIVE II-50Table 5: World Recent Past, Current & Future Analysis forCooling Towers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America andRest of World Independently Analyzed with Annual Sales Figuresin US$ Million for the Years 2010 through 2018 (includescorresponding Graph/Chart) II-50

Table 6: World Historic Review for Cooling Towers byGeographic Region - US, Canada, Japan, Europe, Asia-Pacific(excluding Japan), Latin America and Rest of WorldIndependently Analyzed with Annual Sales Figures in US$Million for the Years 2004 through 2009 (includescorresponding Graph/Chart) II-51

Table 7: World 15-YearPerspective for Cooling Towers byGeographic Region - Percentage Breakdown of Dollar Sales forUS, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World for the Years 2004, 2011 and2018 (includes corresponding Graph/Chart) II-52

Table 8: World Recent Past, Current & Future Analysis forCooling Towers in Air Conditioning/HVAC Applications byGeographic Region - US, Canada, Japan, Europe, Asia-Pacific(excluding Japan), Latin America and Rest of WorldIndependently Analyzed with Annual Sales Figures in US$Million for the Years 2010 through 2018 (includescorresponding Graph/Chart) II-53

Table 9: World Historic Review for Cooling Towers in AirConditioning/HVAC Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), LatinAmerica and Rest of World Independently Analyzed with AnnualSales in US$ Million for the Years 2004 through 2009(includes corresponding Graph/Chart) II-54

Table 10: World 15-YearPerspective for Cooling Towers in AirConditioning/HVAC Applications of Geographic Region -Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Restof World for the Years 2004, 2011 and 2018 (includescorresponding Graph/Chart) II-55

Table 11: World Recent Past, Current & Future Analysis forCooling Towers in Heavy Industrial & Utility Applications byGeographic Region - US, Canada, Japan, Europe, Asia-Pacific(excluding Japan), Latin America and Rest of WorldIndependently Analyzed with Annual Sales Figures in US$Million for the Years 2010 through 2018 (includescorresponding Graph/Chart) II-56

Table 12: World Historic Review for Cooling Towers in HeavyIndustrial & Utility Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), LatinAmerica and Rest of World Independently Analyzed by AnnualSales in US$ Million for the Years 2004 through 2009(includes corresponding Graph/Chart) II-57

Table 13: World 15-YearPerspective for Cooling Towers inHeavy Industrial & Utility Applications by Geographic Region -Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Restof World for the Years 2004, 2011 and 2018 (includescorresponding Graph/Chart) II-58

Table 14: World Recent Past, Current & Future Analysis forCooling Towers in Chemical Industry Applications byGeographic Region - US, Canada, Japan, Europe, Asia-Pacific(excluding Japan), Latin America and Rest of WorldIndependently Analyzed by Annual Sales Figures in US$ Millionfor the Years 2010 through 2018 (includes correspondingGraph/Chart) II-59

Table 15: World Historic Review for Cooling Towers inChemical Industry Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), LatinAmerica and Rest of World Independently Analyzed with AnnualSales in US$ Million for the Years 2004 through 2009(includes corresponding Graph/Chart) II-60

Table 16: World 15-YearPerspective for Cooling Towers inChemical Industry Applications by Geographic Region -Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America andRest of World for the Years 2004, 2011 and 2018 (includescorresponding Graph/Chart) II-61

Table 17: World Recent Past, Current & Future Analysis forCooling Towers in Other Applications by Geographic Region -US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Independently Analyzed byAnnual Sales Figures in US$ Million for the Years 2010through 2018 (includes corresponding Graph/Chart) II-62

Table 18: World Historic Review for Cooling Towers in OtherApplications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America andRest of World Independently Analyzed with Annual Sales Figuresin US$ Million for the Years 2004 through 2009 (includescorresponding Graph/Chart) II-63

Table 19: World 15-YearPerspective for Cooling Towers inOther Applications by Geographic Region - Percentage Breakdownof Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific(excluding Japan), Latin America and Rest of World for theYears 2004, 2011 and 2018 (includes correspondingGraph/Chart) II-64

III. MARKET

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