Asia-Pacific Water Cooling Tower Market Growth and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Asia-Pacific Water Cooling Tower Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Crossflow, Counterflow, Forced Draft, Induced Draft, and Others) and Application (Industrial, Power Plant, and HVAC)

Report Date : Oct 2021
Report Code : TIPRE00025165

Category : Manufacturing and Construction
Status : Published

Available Report Formats :
No. of Pages : 103

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The APAC water cooling tower market is expected to grow from US$ 361.57 million in 2021 to US$ 493.86 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.

China, India, Japan, South Korea, and Australia are major economies in APAC. Burgeoning popularity of hybrid cooling towers is expected to fuel the APAC water cooling tower market. In recent times, plume abatement cooling tower, also called the hybrid cooling tower, is gaining major traction. The growing popularity of the tower can be attributed to its enhanced cooling efficiency and reduced unwanted water vapor plumes, which prevent the environment from bad air quality and visual pollutions. Also, the hybrid cooling tower is finding an increased application in various industries due to its extremely low visibility of plumes. For instance, in July 2020, HAMON-B. GRIMM completed the installation of a plume abatement cooling tower consisting of 6 cells at airports across the region. The cooling tower is located very close to the airport runways, and due to its extremely low visible plumes in environment, the airport operations are functioning smoothly. Similarly, in July 2020, Hamon successfully installed another plume abated cooling tower in the APAC region. Thus, the hybrid cooling tower is trending and becoming popular due to its improved operational efficiency and low plume abatement capability, thereby driving the APAC water cooling tower market

In case of COVID-19, APAC is highly affected specially India. Due to the massive number of cases in India, the APAC region is greatly affected by COVID-19. In APAC region, China homes the largest population across the world, which is imposing greater risk to a large number of individuals. China is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies of the region, including China, India, Australia, and Vietnam, and the market has experienced a downward industrial growth during the first two quarters of 2020. The sudden shutdown of all economic activities and industrial factories across all countries in the region has significantly reduced the application of air cooling towers and has negatively impacted the growth of the market. However, the HVAC-based companies have witnessed significant growth during the pandemic. The growth of the HVAC systems can be attributed to increased applications of data centers, owing to the rising need for extended server space among IT companies and educational institutions. Thus, the rising demand of data centers globally has increased the demand for water cooling towers to cool the data center premises. Hence, the COVID-19 pandemic has had an overall negative impact on water cooling tower manufactures in the region. However, the growth in the HVAC sector has stabilized the market growth to some extent, and with the resuming economy in various countries of the region, the market is expected to grow in the upcoming years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC water cooling tower market. The APAC water cooling tower market is expected to grow at a good CAGR during the forecast period.
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APAC Water Cooling Tower Market Segmentation
APAC Water Cooling Tower Market – By Type

Crossflow
Counterflow
Forced Draft
Induced Draft
Others

APAC Water Cooling Tower Market – By Application

Industrial
Power Plant
HVAC

APAC Water Cooling Tower Market, by Country

China
Japan
India
South Korea
Australia
Rest of APAC

APAC Water Cooling Tower Market -Companies Mentioned

Babcock & Wilcox Enterprises, Inc.
Baltimore Aircoil Company
BELL COOLING TOWERS
EVAPCO, Inc.
Hamon
MESAN Group
SPX Cooling Technologies, Inc.

Asia-Pacific Water Cooling Tower Report Scope

Report Attribute	Details
Market size in 2021	US$ 361.57 Million
Market Size by 2028	US$ 493.86 Million
Global CAGR (2021 - 2028)	4.6%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Crossflow Counterflow Forced Draft Induced Draft By Application Industrial Power Plant HVAC
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Babcock & Wilcox Enterprises, Inc. Baltimore Aircoil Company BELL COOLING TOWERS EVAPCO, Inc. Hamon MESAN Group SPX Cooling Technologies, Inc.

Research Manager

Nivedita Upadhyay

Manager,
Market Research & Consulting

Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

What are the Asia-Pacific Water Cooling Tower Market report deliverables?

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Excel Dataset

Asia-Pacific Water Cooling Tower Market Report Snapshots

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