Home / Technology & Media / Cooling Towers Market By Product Open Circuit Cooling Towers, Closed-circuit Cooling Towers), Heat Exchange (Wet Cooling (Evaporative), Dry Cooling, Hybrid), Design (Natural & Mechanical Draft), Application (Industrial Manufacturing/Processing, Power Generation Plants, Air Conditioning Systems) - Growth, Share, Opportunities, Pipeline Analysis, Competitive Analysis, and Forecast, 2016 - 2023

Cooling Towers Market By Product Open Circuit Cooling Towers, Closed-circuit Cooling Towers), Heat Exchange (Wet Cooling (Evaporative), Dry Cooling, Hybrid), Design (Natural & Mechanical Draft), Application (Industrial Manufacturing/Processing, Power Generation Plants, Air Conditioning Systems) - Growth, Share, Opportunities, Pipeline Analysis, Competitive Analysis, and Forecast, 2016 - 2023

Published: Jun 2016 | Report Code: 57890-06-16

Cooling towers refer to a heat rejection device designed to reject the excessive heat from the cooling water stream used in various industrial and air conditioning processes. The circulating water is cooled using blowing air or evaporative heat exchange method. This cooled water can be reused for cooling purpose across different processes. Thus, the prime objective behind using cooling towers is to minimize the overall water usage thereby raising the overall water efficiency. The most common applications of cooling towers are found across industrial manufacturing, power generation plants and air conditioning systems. Industrial sectors such as chemical processing, food processing and oil & gas are among the most popular consumers of cooling towers.

The most prominent factor fueling the cooling towers market growth is the strong industrial growth across the world. Due to rising water scarcity issues, it becomes highly essential to minimize the water usage across different applications. Using cooling towers reduces the overall water wastage thereby achieving higher efficiency and reusability. This has led to development of cooling towers based upon different principles that offer high water efficiency along with minimal generation of contaminated water. Further, increasing number of power plants worldwide is another major factor supporting the market growth. Major challenge for the market is high fragmentation at regional level. Additionally, regulations regarding the external water contamination is another challenge for the small manufacturers of cooling towers.

Cooling Towers Market

The report titled “GlobalCooling Towers Market- Growth, Share, Opportunities and Competitive Analysis, 2016 – 2023” offers strategic insights into the global cooling towersmarket along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on product types, applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015&2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading cooling towers manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Baltimore Aircoil Company, GEA Heat Exchangers Group, Hamon Group (Esindus S.A.), FANS, a.s., SPIG S.p.A. (Babcock & Wilcox Enterprises), EVAPCO-BLCT Dry Cooling, Inc. (EVAPCOGroup), Paharpur Cooling Towers Ltd., SPX Technologies, Inc. (acquired by Paharpur Cooling Towers Ltd.), Delta Cooling Towers, Inc., Kimre, Inc., EvapTech, Inc.and others. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the cooling towers industry
  • Market fuelers, market impediments, and their impact on the market growth
    In-depth competitive environment analysis
  • Trailing 2-Year market size data (2014 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global cooling towers market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Cooling Towers Market
2.2 Global Cooling Towers Market, By Product Type
2.3 Global Cooling Towers Market, By Heat Exchange
2.4 Global Cooling Towers Market, By Design
2.5 Global Cooling Towers Market, By Application
2.6 Global Cooling Towers Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors

Chapter 4 Global Cooling Towers Market Analysis, by Product Type
4.1 Market Analysis
4.2 Global Open Circuit Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
4.3 Global Closed-circuit Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)

Chapter 5 Global Cooling Towers Market Analysis, by Heat Exchange
5.1 Market Analysis
5.2 Global Evaporative Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
5.3 Global Dry Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
5.4 Global Hybrid Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)

Chapter 6 Global Cooling Towers Market Analysis, by Design
6.1 Market Analysis
6.2 Global Natural Draft Cooling Towers Market, 2015 – 2023, (US$ Mn)
6.3 Global Mechanical Draft Cooling Towers Market, 2015 – 2023, (US$ Mn)

Chapter 7 Global Cooling Towers Market Analysis, by Application
7.1 Market Analysis
7.2 Global Cooling Towers Market for Industrial Manufacturing, 2015 – 2023, (US$ Mn)
7.3 Global Cooling Towers Market for Power Generation Plants, 2015 – 2023, (US$ Mn)
7.4 Global Cooling Towers Market for Air Conditioning, 2015 – 2023, (US$ Mn)

Chapter 8 North America Cooling Towers Market Analysis
8.1 Overview
8.2 North America Cooling Towers Market Analysis, By Product Type, 2015 – 2023
8.2.1 SRC Analysis
8.3 North America Cooling Towers Market Analysis, By Heat Exchange, 2015 – 2023
8.3.1 SRC Analysis
8.4 North America Cooling Towers Market Analysis, By Design, 2015 – 2023
8.4.1 SRC Analysis
8.5 North America Cooling Towers Market Analysis, By Application, 2015 – 2023
8.5.1 SRC Analysis
8.6 North America Cooling Towers Market Analysis, By Region, 2015 – 2023
8.6.1 SRC Analysis

Chapter 9 Europe Cooling Towers Market Analysis
9.1 Overview
9.2 Europe Cooling Towers Market Analysis, By Product Type, 2015 – 2023
9.2.1 SRC Analysis
9.3 Europe Cooling Towers Market Analysis, By Heat Exchange, 2015 – 2023
9.3.1 SRC Analysis
9.4 Europe Cooling Towers Market Analysis, By Design, 2015 – 2023
9.4.1 SRC Analysis
9.5 Europe Cooling Towers Market Analysis, By Application, 2015 – 2023
9.5.1 SRC Analysis
9.6 Europe Cooling Towers Market Analysis, By Region, 2015 – 2023
9.6.1 SRC Analysis

Chapter 10 Asia Pacific Cooling Towers Market Analysis
10.1 Overview
10.2 Asia Pacific Cooling Towers Market Analysis, By Product Type, 2015 – 2023
10.2.1 SRC Analysis
10.3 Asia Pacific Cooling Towers Market Analysis, By Heat Exchange, 2015 – 2023
10.3.1 SRC Analysis
10.4 Asia Pacific Cooling Towers Market Analysis, By Design, 2015 – 2023
10.4.1 SRC Analysis
10.5 Asia Pacific Cooling Towers Market Analysis, By Application, 2015 – 2023
10.5.1 SRC Analysis
10.6 Asia Pacific Cooling Towers Market Analysis, By Region, 2015 – 2023
10.6.1 SRC Analysis

Chapter 11 Middle East & Africa (MEA) Cooling Towers Market Analysis
11.1 Overview
11.2 MEA Cooling Towers Market Analysis, By Product Type, 2015 – 2023
11.2.1 SRC Analysis
11.3 MEA Cooling Towers Market Analysis, By Heat Exchange, 2015 – 2023
11.3.1 SRC Analysis
11.4 MEA Cooling Towers Market Analysis, By Design, 2015 – 2023
11.4.1 SRC Analysis
11.5 MEA Cooling Towers Market Analysis, By Application, 2015 – 2023
11.5.1 SRC Analysis
11.6 MEA Cooling Towers Market Analysis, By Region, 2015 – 2023
11.6.1 SRC Analysis

Chapter 12 Latin America Cooling Towers Market Analysis
12.1 Overview
12.2 Latin America Cooling Towers Market Analysis, By Product Type, 2015 – 2023
12.2.1 SRC Analysis
12.3 Latin America Cooling Towers Market Analysis, By Heat Exchange, 2015 – 2023
12.3.1 SRC Analysis
12.4 Latin America Cooling Towers Market Analysis, By Design, 2015 – 2023
12.4.1 SRC Analysis
12.5 Latin America Cooling Towers Market Analysis, By Application, 2015 – 2023
12.5.1 SRC Analysis
12.6 Latin America Cooling Towers Market Analysis, By Region, 2015 – 2023
12.6.1 SRC Analysis

Chapter 13 Company Profiles
13.1 Baltimore Aircoil Company
13.1.1 Baltimore Aircoil Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.2 GEA Heat Exchangers Group
13.2.1 GEA Heat Exchangers Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.3 Hamon Group
13.3.1 Hamon Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.4 FANS, a.s.
13.4.1 FANS, a.s.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.5 SPIG S.p.A. (Babcock & Wilcox Enterprises)
13.5.1 SPIG S.p.A. (Babcock & Wilcox Enterprises): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.6 EVAPCO Group
13.6.1 EVAPCO Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.7 Paharpur Cooling Towers Ltd.
13.7.1 Paharpur Cooling Towers Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.8 Delta Cooling Towers, Inc.
13.8.1 Delta Cooling Towers, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.9 EvapTech, Inc.
13.9.1 EvapTech, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.10 Kimre, Inc.
13.10.1 Kimre, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

List Of Table :

TABLE 1 Market Snapshot: Global Cooling Towers Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Cooling Towers Market Revenue, By Product Type, 2015 – 2023 (US$ Mn)
TABLE 5 North America Cooling Towers Market Revenue, By Heat Exchange, 2015 – 2023 (US$ Mn)
TABLE 6 North America Cooling Towers Market Revenue, By Design, 2015 – 2023 (US$ Mn)
TABLE 7 North America Cooling Towers Market Revenue, By Application, 2015 – 2023 (US$ Mn)
TABLE 8 North America Cooling Towers Market Revenue, By Region, 2015 – 2023 (US$ Mn)
TABLE 9 Europe Cooling Towers Market Revenue, By Product Type, 2015 – 2023 (US$ Mn)
TABLE 10 Europe Cooling Towers Market Revenue, By Heat Exchange, 2015 – 2023 (US$ Mn)
TABLE 11 Europe Cooling Towers Market Revenue, By Design, 2015 – 2023 (US$ Mn)
TABLE 12 Europe Cooling Towers Market Revenue, By Application, 2015 – 2023 (US$ Mn)
TABLE 13 Europe Cooling Towers Market Revenue, By Region, 2015 – 2023 (US$ Mn)
TABLE 14 Asia Pacific Cooling Towers Market Revenue, By Product Type, 2015 – 2023 (US$ Mn)
TABLE 15 Asia Pacific Cooling Towers Market Revenue, By Heat Exchange, 2015 – 2023 (US$ Mn)
TABLE 16 Asia Pacific Cooling Towers Market Revenue, By Design, 2015 – 2023 (US$ Mn)
TABLE 17 Asia Pacific Cooling Towers Market Revenue, By Application, 2015 – 2023 (US$ Mn)
TABLE 18 Asia Pacific Cooling Towers Market Revenue, By Region, 2015 – 2023 (US$ Mn)
TABLE 19 MEA Cooling Towers Market Revenue, By Product Type, 2015 – 2023 (US$ Mn)
TABLE 20 MEA Cooling Towers Market Revenue, By Heat Exchange, 2015 – 2023 (US$ Mn)
TABLE 21 MEA Cooling Towers Market Revenue, By Design, 2015 – 2023 (US$ Mn)
TABLE 22 MEA Cooling Towers Market Revenue, By Application, 2015 – 2023 (US$ Mn)
TABLE 23 MEA 1Cooling Towers Market Revenue, By Region, 2015 – 2023 (US$ Mn)
TABLE 24 Latin America Cooling Towers Market Revenue, By Product Type, 2015 – 2023 (US$ Mn)
TABLE 25 Latin America Cooling Towers Market Revenue, By Heat Exchange, 2015 – 2023 (US$ Mn)
TABLE 26 Latin America Cooling Towers Market Revenue, By Design, 2015 – 2023 (US$ Mn)
TABLE 27 Latin America Cooling Towers Market Revenue, By Application, 2015 – 2023 (US$ Mn)
TABLE 28 Latin America 1Cooling Towers Market Revenue, By Region, 2015 – 2023 (US$ Mn)
TABLE 29 Baltimore Aircoil Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 30 GEA Heat Exchangers Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 31 Hamon Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 32 FANS, a.s.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 33 SPIG S.p.A. (Babcock & Wilcox Enterprises): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 34 EVAPCO Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 35 Paharpur Cooling Towers Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 36 Delta Cooling Towers, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 37 EvapTech, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 38 Kimre, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

List Of Figure : 

FIG. 1 Global Cooling Towers: Market Segmentation
FIG. 2 Global Cooling Towers Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Cooling Towers Market, By Product Type, 2015 (US$ Mn)
FIG. 5 Global Cooling Towers Market, By Heat Exchange, 2015 (US$ Mn)
FIG. 6 Global Cooling Towers Market, By Design, 2015 (US$ Mn)
FIG. 7 Global Cooling Towers Market, By Application, 2015 (US$ Mn)
FIG. 8 Global Cooling Towers Market, By Geography, 2015 (US$ Mn)
FIG. 9 Global Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 10 See-Saw Analysis : Global Cooling Towers Market
FIG. 11 Market Positioning of Key Cooling Towers Manufacturers, 2014
FIG. 12 Global Cooling Towers Market Revenue Contribution, By Product Type, 2015 & 2023 (Value %)
FIG. 13 Global Open Circuit Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 14 Global Closed-circuit Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 15 Global Cooling Towers Market Revenue Contribution, By Heat Exchange, 2015 & 2023 (Value %)
FIG. 16 Global Evaporative Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 17 Global Dry Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 18 Global Hybrid Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 19 Global Cooling Towers Market Revenue Contribution, By Design, 2015 & 2023 (Value %)
FIG. 20 Global Natural Draft Cooling Towers Market, 2015 – 2023, (US$ Mn)
FIG. 21 Global Mechanical Draft Cooling Towers Market, 2015 – 2023, (US$ Mn)
FIG. 22 Global Cooling Towers Market Revenue Contribution, By Application, 2015 & 2023 (Value %)
FIG. 23 Global Cooling Towers Market for Industrial Manufacturing, 2015 – 2023, (US$ Mn)
FIG. 24 Global Cooling Towers Market for Power Generation Plants, 2015 – 2023, (US$ Mn)
FIG. 25 Global Cooling Towers Market for Air Conditioning, 2015 – 2023, (US$ Mn)
FIG. 26 North America Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 27 Europe Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 28 Asia Pacific Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 29 MEA Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
FIG. 30 Latin America Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)

The global cooling towers market is segmented, based on its types, into following categories

  • Open Circuit Cooling Towers
  • Closed-circuit Cooling Towers

Cooling Towers Market

The overall cooling towers market was dominated by the open circuit cooling towers in 2014. These are the most common type of cooling towers. In addition, the open circuit cooling towers have simpler design and are cheaper as compared to the closed-circuit cooling towers. Thus, the segment has witnessed strong penetration in the market over the period of time. The only disadvantage of the open circuit cooling towers higher water loss and contamination. Closed-circuit cooling towers, although expensive, offer higher water savings with minimal external water contamination. This makes these cooling towers more efficient over their counterparts. Thus, the close-circuit cooling towers segment is estimated to witness the highest growth in the coming years. These type of cooling towers are mainly used in applications having no cost constraints.

Heat Exchange Segmentation Analysis

The global cooling towers market is segmented, based on the heat exchange method, into following categories

  • Wet Cooling (Evaporative)
  • Dry Cooling
  • Hybrid

Cooling Towers Market

The global cooling towers market is led by the dry cooling heat exchange method, as of 2014. The cooling towers based on the principle of dry cooling require less maintenance and have high life. As a result, cooling towers based upon dry cooling principle enjoy high penetration in the market. However, the hybrid cooling towers segment is expected to witness the highest growth in the market during the forecast period. Cooling towers based upon hybrid (dry as well as evaporative) heat exchange method incorporate pros and cons of dry and wet cooling methods. This results in better water efficiency along with longer life and minimal maintenance. Consequently, the segment is expected to expand with the highest CAGR from 2016 to 2022.

On the basis of application, the cooling towersmarket is segmented into following categories:

  • Industrial Manufacturing/Processing
  • Power Generation Plants
  • Air Conditioning Systems

Cooling Towers Market

As of 2014, the global cooling towers market is dominated by the industrial manufacturing/processing segment. The segment comprises industrial applications such as chemical processing, oil & gas, food & beverages and other manufacturing segments. These are among the largest users of water for cooling purpose and hence water reusability is one of the most serious concerns in the segment. Due to strong anticipated growth in the overall industrial manufacturing/processing sector, the segment is expected to retain its dominant position throughout the forecast period.

The air conditioning segment is estimated to register the highest growth in the coming years. The segment is majorly driven by the rising deployment of the air conditioning systems worldwide. Further, power generation plants segment too is estimated to register strong growth in the market during the forecast period. In countries such as China, India, Japan and others, the number of power plants is expected to rise significantly in the coming years. This is the prime factor bolstering the segment growth.

The global cooling towers market has been segmented, on the basis of geographical regions, as per following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Australasia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC countries
    • North Africa
    • Southern Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Cooling Towers Market

As of 2014, the cooling towers market worldwide is dominated by the Asia Pacific region. The segment contributed to more than one third of the total revenue generated in 2014. The major factor fueling the market growth is here is the rising industrialization coupled with the growing number of power plant projects in the region. Countries such as China, India, Japan are the primary contributors to the Asia Pacific cooling towers market. With the further industrial development in the region, the Asia Pacific segment is expected to remain the fastest growing market for cooling towers during the forecast period.

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