Cooling Towers Market, By Type (Open Cooling Tower and Closed Circuit Cooling Tower), By Heat Transfer Method (Evaporative Cooling, Dry Cooling and Plume Abatement (Hybrid)) and By Application (Air-Conditioning, Power Generation Utilities and Manufacturin

Cooling Towers Market, By Type (Open Cooling Tower and Closed Circuit Cooling Tower), By Heat Transfer Method (Evaporative Cooling, Dry Cooling and Plume Abatement (Hybrid)) and By Application (Air-Conditioning, Power Generation Utilities and Manufacturing Industry) and by Region (Western Europe, Eastern Europe, Asia Pacific (Excluding Far East), Southern Africa, North America and RoW) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

A cooling tower is a heat rejection device that rejects waste heat to the atmosphere through the cooling of a water stream to lower temperature. Cooling tower is used to cool the water circulating in the cooling system. It is a heat rejection device that removes unwanted heat from the cooling system in the atmosphere. The circulating water is cooled either by evaporation or by blowing air to the warm water. There are two types of cooling towers namely open cooling towers and closed-circuit cooling towers. Cooling towers are widely used in different industries such as chemical, oil and gas, food processing, power generation plants, and other air-conditioning applications.

Market Dynamics

Cooling towers are widely used in HVAC systems. The uptake in commercial/infrastructure construction projects worldwide has led to increase in HVAC systems and in-turn has boosted the growth of cooling towers market. With the focus on energy efficiency, developed markets such as the U.S. and Western Europe are anticipated to offer wide opportunities for replacement of legacy cooling towers with the new ones, thus further bolstering the growth of the market. The growth in cooling towers market is majorly fueled by steady economic development, and the rapid pace of industrialization in nations such as India, China, Korea, Taiwan, and Singapore. Therefore, these factors are expected to propel the global cooling towers market growth over the forecast period. Increase in GDP growth rate has led to increase in infrastructural development and subsequently enhanced HVAC deployments. The global market has witnessed increasing output at the end of 2013 with developed countries such as Germany, Japan, and the U.S. being the major contributors. Instead of fears of fiscal budget cuts and government shutdown in 2013, the purchasing managers index (PMI) in the U.S. has observed steady uptake to post gross domestic product (GDP) growth of over 3 % in the second, third and fourth quarter of 2013. Furthermore, emerging economies such as India, China, and Taiwan, Singapore, and South Korea have witnessed constant increase in production, which in turn, is expected to propel the global cooling towers market growth over the forecast period.

Market Taxonomy

This report segments the Global Cooling Towers Market on the basis of Type, Heat Transfer Method, Application and Region. On the basis of Type, Global Cooling Towers Market is segmented into Open Cooling Tower and Closed Circuit Cooling Tower. On the basis of Heat Transfer Method, the Global Cooling Towers Market is segmented into Evaporative Cooling, Dry Cooling and Plume Abatement (Hybrid). On the basis of Application, the Global Cooling Towers Market is segmented into Air-Conditioning, Power Generation Utilities and Manufacturing Industry. On the basis of region, Global Cooling Towers Market is segmented into Western Europe, Eastern Europe, Asia Pacific (Excluding Far East), Southern Africa, North America and RoW

Key features of the study:

  • This report provides an in-depth analysis of the Global Cooling Towers Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Cooling Towers Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Cooling Towers Market includes SPIG S.p.A, Absolute Cooling Tower Services Ltd., ESINDUS S.A (Hamon Group), Paharpur Cooling Towers Limited, FANS a.s., LIANG CHI INDUSTRY (THAILAND) CO., LTD., Delta Cooling Towers, Inc., SPX Corporation, Cooling Tower Depot, Inc., and Superchill Australia Pty Ltd.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global Cooling Towers market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Cooling Towers Market
Detailed Taxonomy:
  • Global Cooling Towers Market, By Type:
  • Open Cooling Tower
  • Closed Circuit Cooling Tower
  • Global Cooling Towers Market, By Heat Transfer Methods:
  • Evaporative Cooling
  • Dry Cooling
  • Plume Abatement (Hybrid)
  • Global Cooling Towers Market, By Application:
  • Air-Conditioning
  • Power Generation Utilities
  • Manufacturing Industry
  • Global Cooling Towers Market, By Region:
  • Western Europe
  • Eastern Europe
  • Asia Pacific (Excluding Far East)
  • Southern Africa
  • North America
  • RoW
  • Company Profiles
  • Absolute Cooling Tower Services Ltd.
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Cooling Tower Depot Inc.
  • Delta Cooling Towers, Inc.
  • ESINDUS S.A (Hamon Group)
  • FANS a.s.
  • LIANG CHI INDUSTRY (THAILAND) CO., LTD.
  • Paharpur Cooling Towers Limited
  • SPIG S.p.A
  • SPX Corporation
  • Superchill Australia Pty Ltd.
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1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Heat Transfer Method
Market Snippet, BY Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Heat Transfer Method Trend
Merger and Acquisitions
New system Launch/Approvals
4. Analyst View on Impact of COVID-19 on Market
Short Term
Long term
5. Global Cooling Towers Market, BY Type, 2017-2027 (US$ Million)
Introduction
Market Share Analysis, 2017 and 2027 (%)
Segment trends
Open Cooling Tower
Introduction
Market Size and Forecast, 2020–2027, (US$ Million)
Closed Circuit Cooling Tower
Introduction
Market Size and Forecast, 2020–2027, (US$ Million)
6. Global Cooling Towers Market, By Heat Transfer Method, 2017-2027 (US$ Million)
Introduction
Market Share Analysis, 2017 and 2027 (%)
Segment trends
Evaporative Cooling
Introduction
Market Size and Forecast, 2020–2027, (US$ Million)
Dry Cooling
Introduction
Market Size and Forecast, 2020–2027, (US$ Million)
Plume Abatement (Hybrid)
Introduction
Market Size and Forecast, 2020–2027, (US$ Million)
7. Global Cooling Towers Market, By Application, 2017-2027 (US$ Million)
Introduction
Market Share Analysis, 2017 and 2027 (%)
Segment trends
Air-Conditioning
Introduction
Market Size and Forecast, 2020–2027, (US$ Million)
Power Generation Utilities
Introduction
Market Size and Forecast, 2020–2027, (US$ Million)
Manufacturing Industry
Introduction
Market Size and Forecast, 2020–2027, (US$ Million)
8. Global Cooling Towers Market, By Region, 2017-2027 (US$ Million)
Introduction
Market Share Analysis, By Region, 2017 and 2027 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2020–2027(US$ Million)
Market Size and Forecast, By Heat Transfer Method, 2020–2027 (US$ Million)
Market Size and Forecast, By Application, 2020–2027(US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
U.S.
Canada
Eastern and Western Europe
Regional Trends
Market Size and Forecast, By Type, 2020–2027(US$ Million)
Market Size and Forecast, By Heat Transfer Method, 2020–2027 (US$ Million)
Market Size and Forecast, By Application, 2020–2027(US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2020–2027(US$ Million)
Market Size and Forecast, By Heat Transfer Method, 2020–2027 (US$ Million)
Market Size and Forecast, By Application, 2020–2027(US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Rest of the World
Regional Trends
Market Size and Forecast, By Type, 2020–2027(US$ Million)
Market Size and Forecast, By Heat Transfer Method, 2020–2027 (US$ Million)
Market Size and Forecast, By Application, 2020–2027(US$ Million)
Market Size and Forecast, By End-use Industry, 2020–2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
Brazil
Argentina
Mexico
GCC Countries
South Africa
9. Competitive Landscape
Company Profiles
Absolute Cooling Tower Services Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Cooling Tower Depot Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Delta Cooling Towers, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ESINDUS S.A (Hamon Group)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
FANS a.s.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
LIANG CHI INDUSTRY (THAILAND) CO., LTD.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Paharpur Cooling Towers Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SPIG S.p.A
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SPX Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Superchill Australia Pty Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
10. Section
References
Research Methodology
About us and Sales Contact
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