WorldWide Cooling Tower Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 - 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Cooling Tower Market

Industry / Sector Trends

Cooling Tower Market size in 2018 was valued over USD 2 billion and is anticipated to grow over 4% by 2025.
 

Germany Cooling Towers Market Size, By Product, 2018 & 2025 (USD Million)
 

Increasing deployment of HVACR systems across the commercial establishments along with upsurge in investments toward industrial development will stimulate the market growth. Favourable government policies owing to the development of lower emission technologies along with expansion of sustainable cooling network will favour the product penetration. In addition, a sturdy growth in power generation and continuous dependence on coal based generation will boost the industry growth.
 

Cooling Towers Market, By Product

Evaporative/wet cooling tower market accounted for over USD 1 billion in 2018. Reduced noise pollution, lower maintenance cost, high performance and energy efficient are some of the prominent features which will boost the product adoption. Increasing investments toward technological developments for improvement in the communication capability, efficiency and flexibility in design will encourage the product adoption.
 

Cooling Tower Industry, By Technology

Growing investments toward heating, ventilation, air-conditioning and refrigeration (HVACR) systems on account of emerging construction industry will boost the open circuit industry share. Ongoing technological advancements to remove various biological contamination along with ease of integration with dry and wet towers and reduced construction cost will stimulate the business growth.
 

Market Segmentation, Outlook & Regional Insights: Cooling Tower Market

 Cooling Tower Market, By Design

Mechanical design in 2018, accounted for over 50% of cooling towers market share. Greater stability, reduced capital cost, minimum effect on environment by humidity and high thermal performance are some of the key parameters which will boost the product adoption. In addition, the increasing investments toward development of industrial and commercial buildings will propel the industry growth.
 

Cooling Tower Industry, By Build

Robust increase in conventional power plants including coal coupled with upsurge in investments toward development of large industries will fuel the field erection cooling tower market size. These towers are usually constructed at the destination site which reduces the cost of assembling and transportation. Furthermore, ongoing technological progressions related to components coupled with the development of non-corrosive and sustainable materials have provided opportunities to the industry players for expansion.
 

By Construction Material

Japan Cooling Tower Industry, By Construction Material (USD Million)

 

High load carrying capacity, high structural performance, ability to minimize emitted sound levels and architectural flexibility are some of the prominent features which will stimulate the concrete cooling towers market size. Increasing investments toward addition of large scale thermal power plants across India, Indonesia, China and other Middle East countries will drive the industry growth. In addition, the growing use across heavy industrial applications including oil refineries, petrochemical and fertilizer plants will positively impact the industry growth.
 

Cooling Tower Industry, By Flow

Crossflow cooling tower market is anticipated to grow on account of limited pipe infrastructure requirement, reduced noise pollution and reduced pumping and maintenance cost associated. The horizontal movement of air across the downward flow of water is the key feature which will propel the product adoption. Furthermore, these systems are filled with splash fillings which are suitable for applications where water consist of high suspended particles.
 

Cooling Towers Market, By Application

Power generation segment is anticipated to grow at a rate of over 4% by 2025. Rapid expansion of thermal power generating plants coupled with positive outlook toward the use of sustainable energy resources will boost the product demand. The introduction of stringent emission norms has resulted in the increasing adoption of supercritical, ultra-supercritical, and combined cycle plants, which will further stimulate product adoption. The upsurge in investments for the development of industrial and commercial buildings including shopping malls and large offices will fuel the HVACR market share. Furthermore, the growing construction industry primarily across the developing nations will provide favourable business opportunities for expansion.
 

Cooling Tower Market, By Region

Europe Cooling Towers Market, 2025 (USD Million)
 

Accelerating investments toward development of coal based power plants primarily across China, India, Indonesia and various other developing nations will boost the Asia Pacific industry. Furthermore, rapid industrial growth along with the increasing urbanization rate will further positively influence the industry outlook. Favourable regulatory policies coupled with development of cross border production networks have provided immense opportunities for the low-income nations to prosper. In addition, positive outlook toward long term political stability of economies across the region along with growing efforts toward the development of domestic manufacturing has enhanced the attractiveness of nations as new hotspots for investments.
 

Key Players, Recent Developments & Sector Viewpoints: Cooling Tower Market


Prominent players operating across the cooling tower market includes ENEXIO, Paharpur Cooling Tower, Haman, SPX Cooling, Baltimore, SPIG, Johnson Controls, Delta, Thermal Care, Thermax, Reymsa, International Cooling, BERG, Brentwood, Bell, ENGIE, Perfect and Star Cooling.
 

The major industry players are adopting innovative models to sustain growth followed by focus on operational prudence in recent years and are concentrating extensively on business expansion by developing strategies.
 

Cooling Tower Industry Viewpoint

 

A cooling tower is a heat dissipation device, that extracts waste heat to the atmosphere through the cooling of a water stream to a reduced temperature. The process of heat dissipation in a cooling towers is called ‘evaporative’. Warm water from various sources including heat exchangers, oil refineries, chemical plants and thermal plants is sent to the tower where it enables a share of water being cooled to evaporate into a circulating air stream to provide substantial cooling. These systems are comparatively dependable and inexpensive means of removing low-grade heat from cooling water.

Key Insights Covered: Exhaustive Cooling Tower Market
1.  Market size (sales, revenue and growth rate) of Cooling Tower industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Cooling Tower industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Cooling Tower industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Cooling Tower industry.

Research Methodology: Cooling Tower Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.