Global Hybrid Cooling Towers Market 2017-2021
About Hybrid Cooling Towers
Cooling towers are devices that help in heat transfer and rejection into the atmosphere. The process involves the cooling of a water stream via evaporation. A small portion of the water that is being cooled gets evaporated and flows along with the air stream, which enables the process water to be cooled significantly. Hybrid cooling towers effectively radiate heat from the process equipment in major industries, such as the power generation industry, and emit it into the surrounding atmosphere. Unlike traditional cooling towers, hybrid ones take care of the visible plume and arrest it before rejecting it from the towers.
Technavio’s analysts forecast the global hybrid cooling towers market to grow at a CAGR of 6.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hybrid cooling towers market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hybrid Cooling Towers Market 2017-2021
Technavio recognizes the following companies as the key players in the global hybrid cooling towers market: Babcock & Wilcox Enterprises, ENEXIO MANAGEMENT, EVAPCO, Johnson Controls, and SPX.
Other Prominent Vendors in the market are: Baltimore Aircoil Company, Delta Cooling Towers, Evaptech, FANS, HARRISON, Hamon, Johnson Controls, jacir, KUKEN KOGYO, Paharpur Cooling Towers, and North Street Cooling Towers.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is experimentation toward development of advanced cooling systems. At present, heat transfer and cooling discharge treatment are some of the cooling research areas that are being exploited in the power industry. The research is mainly focused on the technology readiness level (TRL) spectrum.”
According to the report, one driver in the market is intelligent hybrid cooling technology. The temperature of the water that is heated in process industries, power utilities, HVAC/R, data centers, and several other industries having high-heat applications is reduced by open cooling towers. The warm water is poured on the fill within the cooling towers, which provides a large surface area for the process of heat removal via evaporation. The process is known as a wet process. Thus, a constant supply of water is required to replace the evaporated water from the cooling tower. However, in several regions, continuing droughts and escalating competition for this vital resource restrict water availability.
Further, the report states that one challenge in the market is fire hazards. The use of inflammable construction materials in whole or part for the construction of cooling towers can aid in internal fire propagation. Considering the high surface-volume ratio of the towers, such fires can spread wildly, causing immense damage as the fire can get intensified by the natural or fan-assisted air draft within the tower. Damages can be severe enough to facilitate the requirement to replace the entire tower structure. This is the reason why certain regulations and standards suggest the incorporation of automatic fire sprinkler systems within inflammable cooling towers. Fire can spread across the tower even when it is not in operation.
Babcock & Wilcox Enterprises, ENEXIO MANAGEMENT, EVAPCO, Johnson Controls, SPX, Baltimore Aircoil Company, Delta Cooling Towers, Evaptech, FANS, HARRISON, Hamon, Johnson Controls, jacir, KUKEN KOGYO, Paharpur Cooling Towers, and North Street Cooling Towers.
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