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Global Cooling Towers Market Size study, by Type (Open-Circuit, Closed-Circuit, and Hybrid), by Material (FRP, Steel, Concrete, Wood, and HDPE), by Application (HVAC, Power Generation, Oil & Gas, and Industrial), and Regional Forecasts 2021-2027

  • BIZ4728607
  • 200 Pages
  • November 2021
  • Construction & Manufacturing
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Global cooling towers market is valued approximately at USD 3.53 billion in 2020 and is anticipated to grow with a healthy growth rate of about 4.1% over the forecast period 2021-2027. Cooling towers are a special kind of heat exchanger which are designed to remove heat from a facility or building by spraying water down through the tower in order to exchange heat inside of the building. Air comes from the tower sides and then passes through the falling water. The global cooling towers market is being driven by rapid industrialization and the establishment of new data centers and increasing demand for energy-efficient cooling systems in industrial and commercial applications. Furthermore, growing demand from nuclear power generation will provide new opportunities for the global cooling towers industry. There has been growth witnessed in the number of data centers across the globe. For instance, according to Statista, since 2015, the total number of hyperscale data centers across the globe has more than doubled and have reached 597 by the end of 2020. Such growth in the number of data centers across the globe is expected to increase the demand and adoption of cooling towers in data centers in order to manage and remove heat from the center. Hence, this is expected to promote the market growth. However, environmental concerns associated with cooling towers may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global cooling towers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global cooling towers market over the forecast period 2021-2027. Factors such as rapid industrialization, increase in the number of manufacturing facilities, rising focus to construct nuclear power plants, rapid expansion of IT and telecommunications sector, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:

Babcock & Wilcox Enterprises, Inc.

Baltimore Aircoil Company

Cenk Endüstri Tesisleri Imalat Ve Taahüt A.Ş.

Cooling Tower Systems, Inc.

Delta Cooling Towers

Engie Refrigeration GmbH

EVAPCO, Inc.

S.A. Hamon

Johnson Controls, Inc.

Kelvion Holdings GmbH

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Open-Circuit

Closed-Circuit

Hybrid

By Material:

FRP

Steel

Concrete

Wood

HDPE

By Application:

HVAC

Power Generation

Oil & Gas

Industrial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global Cooling Towers Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Cooling Towers Market, by Region, 2019-2027 (USD Billion)

1.2.2. Cooling Towers Market, by Type, 2019-2027 (USD Billion)

1.2.3. Cooling Towers Market, by Material, 2019-2027 (USD Billion)

1.2.4. Cooling Towers Market, by Application, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Cooling Towers Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Cooling Towers Market Dynamics

3.1. Cooling Towers Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Rapid industrialization and the establishment of new data centers

3.1.1.2. Increasing demand for energy-efficient cooling systems in industrial and commercial applications

3.1.2. Market Restraint

3.1.2.1. Environmental concerns associated with cooling towers

3.1.3. Market Opportunities

3.1.3.1. Growing demand from nuclear power generation

Chapter 4. Global Cooling Towers Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Cooling Towers Market, by Type

a. Market Snapshot

5.1. Global Cooling Towers Market by Type, Performance - Potential Analysis

5.2. Global Cooling Towers Market Estimates & Forecasts by Type 2018-2027 (USD Billion)

5.3. Cooling Towers Market, Sub Segment Analysis

5.3.1. Open-Circuit

5.3.2. Closed-Circuit

5.3.3. Hybrid

Chapter 6. Global Cooling Towers Market, by Material

b. Market Snapshot

6.1. Global Cooling Towers Market by Material, Performance - Potential Analysis

6.2. Global Cooling Towers Market Estimates & Forecasts by Material 2018-2027 (USD Billion)

6.3. Cooling Towers Market, Sub Segment Analysis

6.3.1. FRP

6.3.2. Steel

6.3.3. Concrete

6.3.4. Wood

6.3.5. HDPE

Chapter 7. Global Cooling Towers Market, by Application

c. Market Snapshot

7.1. Global Cooling Towers Market by Application, Performance - Potential Analysis

7.2. Global Cooling Towers Market Estimates & Forecasts by Application 2018-2027 (USD Billion)

7.3. Cooling Towers Market, Sub Segment Analysis

7.3.1. HVAC

7.3.2. Power Generation

7.3.3. Oil & Gas

7.3.4. Industrial

Chapter 8. Global Cooling Towers Market, Regional Analysis

8.1. Cooling Towers Market, Regional Market Snapshot

8.2. North America Cooling Towers Market

8.2.1. U.S. Cooling Towers Market

8.2.1.1. Type breakdown estimates & forecasts, 2018-2027

8.2.1.2. Material breakdown estimates & forecasts, 2018-2027

8.2.1.3. Application breakdown estimates & forecasts, 2018-2027

8.2.2. Canada Cooling Towers Market

8.3. Europe Cooling Towers Market Snapshot

8.3.1. U.K. Cooling Towers Market

8.3.2. Germany Cooling Towers Market

8.3.3. France Cooling Towers Market

8.3.4. Spain Cooling Towers Market

8.3.5. Italy Cooling Towers Market

8.3.6. Rest of Europe Cooling Towers Market

8.4. Asia-Pacific Cooling Towers Market Snapshot

8.4.1. China Cooling Towers Market

8.4.2. India Cooling Towers Market

8.4.3. Japan Cooling Towers Market

8.4.4. Australia Cooling Towers Market

8.4.5. South Korea Cooling Towers Market

8.4.6. Rest of Asia Pacific Cooling Towers Market

8.5. Latin America Cooling Towers Market Snapshot

8.5.1. Brazil Cooling Towers Market

8.5.2. Mexico Cooling Towers Market

8.6. Rest of The World Cooling Towers Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Babcock & Wilcox Enterprises, Inc.

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. Baltimore Aircoil Company

9.2.3. Cenk Endüstri Tesisleri Imalat Ve Taahüt A.Ş.

9.2.4. Cooling Tower Systems, Inc.

9.2.5. Delta Cooling Towers

9.2.6. Engie Refrigeration GmbH

9.2.7. EVAPCO, Inc.

9.2.8. S.A. Hamon

9.2.9. Johnson Controls, Inc.

9.2.10. Kelvion Holdings GmbH

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 2. Global Cooling Towers Market, report scope

TABLE 3. Global Cooling Towers Market estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 4. Global Cooling Towers Market estimates & forecasts by Type 2018-2027 (USD Billion)

TABLE 5. Global Cooling Towers Market estimates & forecasts by Material 2018-2027 (USD Billion)

TABLE 6. Global Cooling Towers Market estimates & forecasts by Application 2018-2027 (USD Billion)

TABLE 7. Global Cooling Towers Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Cooling Towers Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Cooling Towers Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Cooling Towers Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Cooling Towers Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Cooling Towers Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Cooling Towers Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Cooling Towers Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Cooling Towers Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Cooling Towers Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Cooling Towers Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Cooling Towers Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Cooling Towers Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global Cooling Towers Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. Global Cooling Towers Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Global Cooling Towers Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. U.S. Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. U.S. Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. U.S. Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. Canada Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 27. Canada Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. Canada Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. UK Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 30. UK Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. UK Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. Germany Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 33. Germany Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. Germany Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. France Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 36. France Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. France Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. Spain Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 39. Spain Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Spain Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. Italy Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 42. Italy Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. Italy Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. ROE Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 45. ROE Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. ROE Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. China Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 48. China Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. China Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. India Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 51. India Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. India Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. Japan Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 54. Japan Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Japan Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. Australia Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 57. Australia Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. Australia Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 59. South Korea Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 60. South Korea Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. South Korea Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 62. ROPAC Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 63. ROPAC Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. ROPAC Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 65. Brazil Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 66. Brazil Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Brazil Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 68. Mexico Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 69. Mexico Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. Mexico Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 71. ROLA Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 72. ROLA Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROLA Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 74. ROW Cooling Towers Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 75. ROW Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 76. ROW Cooling Towers Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 77. List of secondary sources used in the study of global Cooling Towers Market.

TABLE 78. List of primary sources used in the study of global Cooling Towers Market.

TABLE 79. Years considered for the study.

TABLE 80. Exchange rates considered.

 
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