New

Asia-Pacific Water Cooling Tower Market

2021

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)

Publication Month: Oct 2021 | Report Code: TIPRE00025165 | No. of Pages: 103 | Category: Manufacturing and Construction | Status: Published

Market Insights

Asia-Pacific Water Cooling Tower Market to Grow at a CAGR of 4.6% to reach US$ 493.86 million from 2021 to 2028

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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.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Water Cooling Tower Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Water Cooling Tower Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Surging Construction Activities across Several Countries

5.1.2 Rigid Government Rules and Regulations

5.2 Market Restraints

5.2.1 Expensive Maintenance and Upgradations

5.3 Market Opportunities

5.3.1 Growing Number of Power Plants

5.4 Future Trends

5.4.1 Burgeoning Popularity of Hybrid Cooling Towers

5.5 Impact Analysis of Drivers and Restraints

6. Water Cooling Tower Market – APAC Analysis

6.1 APAC Water Cooling Tower Market Overview

6.2 APAC Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

7. APAC Water Cooling Tower Market Analysis – By Type

7.1 Overview

7.2 APAC Water Cooling Tower Market Breakdown, By Type, 2020 and 2028

7.3 Crossflow

7.3.1 Overview

7.3.2 Crossflow: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)

7.4 Counterflow

7.4.1 Overview

7.4.2 Counterflow: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)

7.5 Forced Draft

7.5.1 Overview

7.5.2 Forced Draft: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)

7.6 Induced Draft

7.6.1 Overview

7.6.2 Induced Draft: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)

8. APAC Water Cooling Tower Market Analysis – By Application

8.1 Overview

8.2 APAC Water Cooling Tower Market, by Application (2020 and 2028)

8.3 Industrial

8.3.1 Overview

8.3.2 Industrial: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)

8.4 Power Plant

8.4.1 Overview

8.4.2 Power Plant: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)

8.5 HVAC

8.5.1 Overview

8.5.2 HVAC: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)

9. APAC Water Cooling Tower Market – Country Analysis

9.1 Overview

9.1.1 APAC: Water Cooling Tower Market, by Key Country

9.1.1.1 China: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 China: Water Cooling Tower Market, by Type

9.1.1.1.2 China: Water Cooling Tower Market, by Application

9.1.1.2 Japan: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Japan: Water Cooling Tower Market, by Type

9.1.1.2.2 Japan: Water Cooling Tower Market, by Application

9.1.1.3 India: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 India: Water Cooling Tower Market, by Type

9.1.1.3.2 India: Water Cooling Tower Market, by Application

9.1.1.4 South Korea: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 South Korea: Water Cooling Tower Market, by Type

9.1.1.4.2 South Korea: Water Cooling Tower Market, by Application

9.1.1.5 Australia: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 Australia: Water Cooling Tower Market, by Type

9.1.1.5.2 Australia: Water Cooling Tower Market, by Application

9.1.1.6 Rest of APAC: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of APAC: Water Cooling Tower Market, by Type

9.1.1.6.2 Rest of APAC: Water Cooling Tower Market, by Application

10. Impact of COVID-19 Pandemic on APAC Water Cooling Tower Market

10.1 APAC: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

12. Company Profiles

12.1 Babcock & Wilcox Enterprises, Inc.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Baltimore Aircoil Company

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 BELL COOLING TOWERS

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 EVAPCO, Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Hamon

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 MESAN Group

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 SPX Cooling Technologies, Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. APAC Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. APAC: Water Cooling Tower Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. China: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4. China: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5. Japan: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6. Japan: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 7. India: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8. India: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9. South Korea: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. South Korea: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. Australia: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12. Australia: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of APAC: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14. Rest of APAC: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Water Cooling Tower Market Segmentation

Figure 2. APAC Water Cooling Tower Market Segmentation – By Country

Figure 3. APAC Water Cooling Tower Market Overview

Figure 4. Crossflow Segment Held Largest Market Share in 2020

Figure 5. Industrial Segment held Largest Market Share in 2020

Figure 6. China held Largest Market Share in 2020

Figure 7. APAC – PEST Analysis

Figure 8. APAC Water Cooling Tower Market: Ecosystem Analysis

Figure 9. Expert Opinion

Figure 10. APAC Water Cooling Tower Market: Impact Analysis of Drivers and Restraints

Figure 11. APAC Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. APAC Water Cooling Tower Market Revenue Share, by Type (2020 and 2028)

Figure 13. APAC Crossflow: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)

Figure 14. APAC Counterflow: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)

Figure 15. APAC Forced Draft: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)

Figure 16. APAC Induced Draft: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)

Figure 17. APAC Others: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)

Figure 18. APAC Water Cooling Tower Market Revenue Share, by Application (2020 and 2028)

Figure 19. APAC Industrial: Water Cooling Tower – Revenue and Forecast to 2028 (US$ million)

Figure 20. APAC Power Plant: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)

Figure 21. APAC HVAC: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)

Figure 22. APAC: Water Cooling Tower Market, by Key Country – Revenue (2020) (USD Million)

Figure 23. APAC: Water Cooling Tower Market Revenue Share, by Key Country (2020 and 2028)

Figure 24. China: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Japan: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. India: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. South Korea: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Australia: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Rest of APAC: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Impact of COVID-19 Pandemic in APAC Country Markets

  1. Babcock & Wilcox Enterprises, Inc.
  2. Baltimore Aircoil Company
  3. BELL COOLING TOWERS
  4. EVAPCO, Inc.
  5. Hamon
  6. MESAN Group
  7. SPX Cooling Technologies, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC water cooling tower market.      
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC water cooling tower market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the water cooling tower market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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