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

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.

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.

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