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 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.

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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Published Date:  Jun 2016
Category:  Technology & Media
Report ID:   57890
Report Format:   PDF
Pages:   120
Rating:    4.4 (40)
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