Global Cooling Tower Market Overview:
According to SPER Market Research, the Global Cooling Tower Market is estimated to reach USD 3.17 billion by 2030 with a CAGR of 4.7%.
The cooling tower market consists of sales of the cooling tower by entities that refer to the specialized heat exchanger, in which air and water are forced into direct contact to reduce the water’s temperature. During the cooling tower process, a small quantity of water evaporates and lowers the water, which is being circulated throughout the tower.
The main types of cooling towers are the evaporative cooling tower, dry cooling tower, hybrid cooling tower. The evaporative cooling tower drives its primary cooling effect from the evaporation that takes place when air and water are brought into direct contact. The flow patterns of cooling towers include cross flow, counter flow with applications in chemicals, petrochemicals and oil & gas, HVACR, food & beverages, power generation, and others.
The installation of eco-friendly products is a key trend in the cooling tower market. Eco-friendly products use water rather than air to transport heat rather than air, which is roughly 3,200 times more efficient and environmentally friendly. The report offers insights into the cooling tower market in key regions. It aims at estimating the size of the cooling tower market during the forecast period and projects future growth of the market across various segments based on type, design, flow type, technology, material, application, and region.
Impact of COVID-19 on the Global Cooling Tower Market
The report delivers insights on COVID-19 considering the changes in consumer behaviour and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The expansion of the cooling tower market is primarily due to companies reorganizing their operations and recovering from the COVID-19 impact, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, resulting in operational challenges. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Flow, By Type, By Application, By Region
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| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Agency Science Tech. & Res., Amcot Cooling Tower Corporation, Artech Cooling Towers Pvt. Ltd., Babcock & Wilcox Enterprises Inc., Baltimore Aircoil Company Inc., Bell Cooling Tower, Brentwood Industries Inc., Donghae, Enexio, Evapco Inc., Hamon & Cie, Johnson Controls, Marley Flow Control Pty. Ltd., Mita Cooling Technologies, Nihon Spindle Manufacturing Co. Ltd., Paharpur Cooling Tower Limited, Perfect Cooling Towers Pvt. Ltd., SPX Corporation, Star Cooling Towers Pvt. Ltd., Thermal Care Inc., Thermax Limited, Tower Thermal Pty. Ltd., United Metal Products.
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Global Cooling Tower Market, By Flow:
Based on the flow, Global Cooling Tower Market is segmented as; Cross Flow, Counter Flow.
Global Cooling Tower Market, By Type:
Based on the type, Global Cooling Tower Market is segmented as; Evaporative Cooling Tower, Dry Cooling Tower, Hybrid Cooling Tower.
Global Cooling Tower Market, By Application:
Based on the application, Global Cooling Tower Market is segmented as; Chemicals, Petrochemicals, Power Generation, HVACR, Food and beverages, Other Applications.
Global Cooling Tower Market, By Region:
North America was the largest region in the cooling tower market in 2021. Asia Pacific is expected to be the fastest-growing region in the global cooling tower market during the forecast period.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Cooling Tower Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Cooling Tower Market, By Flow, 2019-2030 (USD Million)
6.1. Cross Flow
6.2. Counter Flow
7. Global Cooling Tower Market, By Type, 2019-2030 (USD Million)
7.1. Evaporative Cooling Tower
7.2. Dry Cooling Tower
7.3. Hybrid Cooling Tower
8. Global Cooling Tower Market, By Application, 2019-2030 (USD Million)
8.1. Chemicals
8.2. Petrochemicals
8.3. Power Generation
8.4. HVACR
8.5. Food and beverages
8.6. Other Applications
9. Global Cooling Tower Market, By Region, 2019-2030 (USD Million)
9.1. North America
9.1.1. United States
9.1.2. Canada
9.1.3. Mexico
9.2. Europe
9.2.1. Germany
9.2.2. United Kingdom
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3. Asia-Pacific
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Australia
9.3.5. South Korea
9.3.6. Rest of Asia-Pacific
9.4. South America
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Rest of South America
9.5. Middle East & Africa
9.5.1. Kingdom of Saudi Arabia
9.5.2. United Arab Emirates
9.5.3. Rest of Middle East & Africa
10. Company Profiles
10.1. Agency Science Tech. & Res.
10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments
10.2. Amcot Cooling Tower Corporation
10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments
10.3. Artech Cooling Towers Pvt. Ltd.
10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments
10.4. Babcock & Wilcox Enterprises Ltd.
10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments
10.5. Baltimore Aircoil Co. Inc.
10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments
10.6. Bell Cooling Tower
10.6.1. Company details
10.6.2. Financial outlook
10.6.3. Product summary
10.6.4. Recent developments
10.7. Brentwood Industries Inc.
10.7.1. Company details
10.7.2. Financial outlook
10.7.3. Product summary
10.7.4. Recent developments
10.8. Donghae
10.8.1. Company details
10.8.2. Financial outlook
10.8.3. Product summary
10.8.4. Recent developments
10.9. Enexio
10.9.1. Company details
10.9.2. Financial outlook
10.9.3. Product summary
10.9.4. Recent developments
10.10. Evapco Inc.
10.10.1. Company details
10.10.2. Financial outlook
10.10.3. Product summary
10.10.4. Recent developments
10.11. Hamon & Cie
10.11.1. Company details
10.11.2. Financial outlook
10.11.3. Product summary
10.11.4. Recent developments
10.12. Johnson Controls
10.12.1. Company details
10.12.2. Financial outlook
10.12.3. Product summary
10.12.4. Recent developments
10.13. Marley Flow Control Pty. Ltd.
10.13.1. Company details
10.13.2. Financial outlook
10.13.3. Product summary
10.13.4. Recent developments
10.14. Mita Cooling Technologies
10.14.1. Company details
10.14.2. Financial outlook
10.14.3. Product summary
10.14.4. Recent developments
10.15. Nihon Spindle Manufacturing Co. Ltd.
10.15.1. Company details
10.15.2. Financial outlook
10.15.3. Product summary
10.15.4. Recent developments
10.16. Paharpur Cooling Tower Ltd.
10.16.1. Company details
10.16.2. Financial outlook
10.16.3. Product summary
10.16.4. Recent developments
10.17. Perfect Cooling Towers Pvt. Ltd.
10.17.1. Company details
10.17.2. Financial outlook
10.17.3. Product summary
10.17.4. Recent developments
10.18. SPX Corporation
10.18.1. Company details
10.18.2. Financial outlook
10.18.3. Product summary
10.18.4. Recent developments
10.19. Star Cooling Towers Pvt. Ltd.
10.19.1. Company details
10.19.2. Financial outlook
10.19.3. Product summary
10.19.4. Recent developments
10.20. Thermal Care Inc.
10.20.1. Company details
10.20.2. Financial outlook
10.20.3. Product summary
10.20.4. Recent developments
10.21. Thermax Limited
10.21.1. Company details
10.21.2. Financial outlook
10.21.3. Product summary
10.21.4. Recent developments
10.22. Tower Thermal Pty. Ltd.
10.22.1. Company details
10.22.2. Financial outlook
10.22.3. Product summary
10.22.4. Recent developments
10.23. United Metal Products
10.23.1. Company details
10.23.2. Financial outlook
10.23.3. Product summary
10.23.4. Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
