We are monitoring the impact of COVID-19 on Cooling Tower Market Get in touch with us for detailed analysis Know More
Pulished Date December, 2020
ID: 10629
Share on
Share on

Cooling Tower Market Segmentation By Product (Evaporative/Wet, Dry and Hybrid), By Technology (Open Circuit, Closed Circuit and Hybrid), By Design (Mechanical and Natural), By Build (Field Erection and Package), and Region - Industry Forecast of 2020 to 2025

Pulished: December, 2020
ID: 10629
Pages: 175

Cooling Tower Market Share, Size, Growth Analysis (2020-2025):

cooling tower market was at $ 2.51 billion in 2020 and is predicted to reach $ 2.95 trillion in 2025, with a CAGR of 4.5% from 2020 to 2025. The fundamental task of cooling towers is' remove heat and keep temperature cool. The cooling tower is a known technology for maintaining the temperature in chillers for various industrial applications. The main use of cooling towers is in power generation and production units of industrial sectors to maintain a cool environment. Cooling towers are employed to maintain temperature in chillers for a number of industrial applications. The device is mainly employed in the manufacturing and power generation industries to keep the environment cool. The cooling tower is employed for a number of applications, such as power generation, manufacturing industry, HVACR, food and beverage, etc.

Cooling Tower Market Trends:

Escalatingcall in the construction, air conditioning, manufacturing and power generation industries is predicted to increase the worldwide cooling tower market. Escalating technology advancements in cooling towers and high HVACR implementations are escalating the worldwide cooling tower market. The call for cooling towers in commercial buildings is high, outpacing the worldwide cooling tower market. The escalatingcall for HVACR systems in the construction industry is increasing the development of the worldwide cooling tower market in various regions. Growing industrialization around the world is predicted to drive the expansion of the global cooling tower market.

Cooling Tower Market Drivers:

Escalatingcall in the construction, air conditioning, manufacturing and power generation industries is predicted to drive the global cooling tower market. Escalating technology advancements in cooling towers and high HVACR deployments are driving the worldwide market. Strong call for cooling towers in commercial buildings is driving the global cooling tower market. The growing call for HVACR systems in the construction industry is driving the expansion of the worldwide market in several regions. Cooling towers are cost effective and highly efficient, which is influencing the expansion of the global cooling tower market. Maintaining temperatures and escalating industrialization are predicted to intensify the expansion of the cooling tower business. Furthermore, some factors such as low cost of cooling towers and high efficiency are predicted to drive the expansion of the worldwide market. Additionally, the rising need to maintain temperature and rapidly growing industrialization are other factors likely to increase the growth of the global cooling tower market.

Cooling Tower Market Restraints:

Corrosion and flaking problems, uncontrolled water flow in a cooling tower that weakens metal and causes water leaks, and high maintenance costs are all factors that can hamper expansion of the worldwide cooling tower market.

Opportunities in the Cooling Tower Market:

The growing call for cooling towers in construction, manufacturing, power generation and air conditioning is a major factor that is predicted to drive the expansion of the worldwide cooling tower market. Also, the constant improvement in cooling tower technologies coupled with the high adoption of cooling towers by various industries are factors that are predicted to drive the expansion of the global cooling tower market. Escalating urbanization and high call for these cooling towers in commercial buildings is predicted to drive the expansion of the worldwide market. A major expansion engine for cooling towers is their use in various industries. Cooling towers began to be employed as energy efficient systems, like water-cooled systems because they use less energy than air. Cooling towers are also employed in food processing plants, oil refineries, natural gas plants, and others, as cooling towers are designed to cool circulating water during the manufacturing process, further escalating the market. In addition, the cooling towers prevent other machines from overheating.

Challenges in the Cooling Tower Market:

Another major factor that is predicted to hamper the expansion of the global cooling tower market to some extent is the potential negative impact on the environment from rising the use of cooling towers.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

4.5%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

 

Market Leaders Profiled

 Bell Cooling Tower, Baltimore Aircoil Company, Hamon & Cie International SA, Brentwood Industries Inc., Paharpur Cooling Towers, Enexio, Star Cooling Towers Private Ltd., Johnson Controls Inc., SPIG S.P.A., and SPX Corporation. The other major players dominating the global cooling tower market include Composite Cooling Solutions L.P., Kimre, Inc., EvapTech, Inc., Changzhou Kwell Cooling Equipment Co., Ltd., and Liang Chi Industry Co. Ltd.

Global Cooling Tower Market

Cooling Tower Market Segmentation:

By product:

  • Evaporative/Wet
  • Dry
  • Hybrid

The wet/evaporative cooling tower market was worth more than $ 1 billion in 2018. Reduced noise pollution, reduced maintenance costs, high performance and energy efficiency are some of the key features. that will drive adoption. of the product.

By technology:

  • Open Circuit
  • Closed Circuit
  • Hybrid

Escalating investments in heating, ventilation, air conditioning and refrigeration (HVACR) systems due to the emerging construction industry will increase the share of the open loop industry.

By design:

  • Mechanical
  • Natural

Mechanical design in 2018 accounted for more than 50% of the cooling tower market share. Greater stability, lower investment cost, minimal effect on the environment through humidity and high thermal performance are some of the key parameters that will drive the adoption of the product.

By build:

  • Field Erection
  • Package

The strong increase in conventional power plants, including coal, coupled with increased investment in the development of large industries, will drive the size of the cooling tower market for field construction.

Cooling Tower Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

Asia-Pacific dominates the global cooling tower market due to increased call from the HVACR applications segment. Population expansion, industrialization, and growing concerns about infrastructure development have dramatically increased the expansion of the region's construction and building industry, triggering call for cooling towers. Power generation and HVACR are the top two applications contributing to the growing call for cooling towers in the Asia Pacific. Europe is the second largest cooling tower market in the world. Asia-Pacific and the rest of the world dominate the worldwide cooling tower market. The markets in these regions are booming mainly due to the emerging Indian market.

China is also an important sales market for cooling tower systems. The reason for the dominance of these regions is the increase in the number of rapid industrializations, power plants and the growingcall of the population. The weak expansion of cooling towers in Europe and North America limits the development of the market. Although these regions have a huge market size, cooling tower expansion is predicted to be relatively slower than other regions during the conjecture period. The North American market is supposed to represent the largest revenue share in the worldwide market. The growing need to maintain temperature in manufacturing units, especially in the food and beverage industry, and the rapidly growing industrialization in North America are important factors that are anticipated to drive the expansion of the Automotive market in this area.

Cooling Tower Market Key Players:

The key players investing major of their shares in the global cooling tower market include

  1. Bell Cooling Tower
  2. Baltimore Aircoil Company
  3. Hamon & Cie International SA
  4. Brentwood Industries Inc.
  5. Paharpur Cooling Towers
  6. Enexio
  7. Star Cooling Towers Private Ltd.
  8. Johnson Controls Inc.
  9. SPIG S.P.A.
  10. SPX Corporation

The other major players dominating the global cooling tower market include Composite Cooling Solutions L.P., Kimre, Inc., EvapTech, Inc., Changzhou Kwell Cooling Equipment Co., Ltd., and Liang Chi Industry Co. Ltd.

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Cooling Tower Market, By Product                   

                                6.1.1 Evaporative/Wet  

                                6.1.2 Dry             

                                6.1.3 Hybrid       

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Cooling Tower Market, By Technology                           

                                6.2.1 Open Circuit           

                                6.2.2 Closed Circuit         

                                6.2.3 Hybrid       

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Cooling Tower Market, By Design                     

                                6.3.1 Mechanical             

                                6.3.2 Natural     

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Cooling Tower Market, By Build                         

                                6.4.1 Field Erection         

                                6.4.2 Package    

                                6.4.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.4 Y-o-Y Growth Rate Analysis             

                                6.4.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product              

                                7.2.3 By Technology       

                                7.2.4 By Design 

                                7.2.5 By Build    

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product              

                                7.3.3 By Technology       

                                7.3.4 By Design 

                                7.3.5 By Build    

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product              

                                7.4.3 By Technology       

                                7.4.4 By Design 

                                7.4.5 By Build    

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product              

                                7.5.3 By Technology       

                                7.5.4 By Design 

                                7.5.5 By Build    

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product              

                                7.6.3 By Technology       

                                7.6.4 By Design 

                                7.6.5 By Build    

8. Key Player Analysis                                    

                8.1 Bell Cooling Tower                   

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Baltimore Aircoil Company                   

                8.3 Hamon & Cie International SA                            

                8.4 Brentwood Industries Inc                     

                8.5 Paharpur Cooling Towers                     

                8.6 Enexio                          

                8.7 Star Cooling Towers Private Ltd                         

                8.8 Johnson Controls Inc                              

                8.9 SPIG S.P.A                   

                8.10 SPX Corporation                     

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by type,by manufacturing technology,by application,by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Cooling Tower  Market By Region, From 2020-2025 ( USD Billion )
  2. Global Cooling Tower  Market By Product, From 2020-2025 ( USD Billion )
  3. Global Evaporative/Wet Market By Region, From 2020-2025 ( USD Billion )
  4. Global Dry Market By Region, From 2020-2025 ( USD Billion )
  5. Global Hybrid Market By Region, From 2020-2025 ( USD Billion )
  6. Global Cooling Tower  Market By Technology, From 2020-2025 ( USD Billion )
  7. Global Open Circuit Market By Region, From 2020-2025 ( USD Billion )
  8. Global Closed Circuit Market By Region, From 2020-2025 ( USD Billion )
  9. Global Hybrid Market By Region, From 2020-2025 ( USD Billion )
  10. Global Cooling Tower  Market By Design , From 2020-2025 ( USD Billion )
  11. Global Mechanical Market By Region, From 2020-2025 ( USD Billion )
  12. Global Natural Market By Region, From 2020-2025 ( USD Billion )
  13. Global Cooling Tower  Market By Build, From 2020-2025 ( USD Billion )
  14. Global Field Erection Market By Region, From 2020-2025 ( USD Billion )
  15. Global Package Market By Region, From 2020-2025 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample