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Europe Water Cooling Tower Market

2021

Europe 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: TIPRE00025166 | No. of Pages: 103 | Category: Manufacturing and Construction | Status: Published

Market Insights

Europe Water Cooling Tower Market to Grow at a CAGR of 3.1% to reach US$ 526.87 million from 2021 to 2028

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The Europe water cooling tower market is expected to grow from US$ 425.98 million in 2021 to US$ 526.87 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028.


The UK, Germany, France, Italy, and Russia are major economies in Europe. Burgeoning number of power plants is expected to fuel the market growth. With the rising regional demand for power consumption, the number of nuclear and geothermal power plants is rapidly increasing. Developing countries across the region have shown a significant demand for power generation. To fulfill this power requirement, many nuclear power plants are under construction. Furthermore, large no. of countries with existing nuclear power plants are planning for additional nuclear power plants to meet their power requirement and some of those countries are the UK and Russia. In addition to this, as per the International Energy Agency (IEA), nuclear plants’ contribution to power generation is expected to be about 8.5% by 2040. Hence, with the growing trend of rapid urbanization and industrialization, the power consumption rates are expected to surge significantly in the coming years, and to fulfill this demand, the number of power plants will be increased. Thus, the growing power consumption is expected to create a lucrative opportunity for the market players as the power plants are the major end users of the water cooling towers, thereby driving the Europe water cooling tower market

In case of COVID-19, Europe is highly affected specially France and Russia. The impact of COVID-19 differed from country to country across the European region as many countries witnessed an increase in the number of COVID-19 cases which attracted stricter and longer lockdown in the region. However, Western European countries have seen a comparatively faster recovery rate of COVID-19 patients and a reducing number of new cases due to their strong healthcare system. To protect its citizens from the COVID-19 virus, the European government has made tremendous investments in incorporating COVID-19 vaccines in its healthcare systems to cure patients and contain the spread of the virus. Due to the sudden outbreak of COVID-19 and subsequent lockdowns across Europe, the power plant industry had witnessed a major slump in its production because of the limited operations in the plants during the first two quarters of 2020. This development has negatively impacted the water cooling tower market as the power plants are recognized as one of the major beneficiaries of water cooling towers. However, the surge in demand for cooling system in industrial sector such as food & beverages, chemicals, and petrochemicals due have increased the demand of water cooling towers across the region. Furthermore, the slow resumption of various companies’ operational activities, coupled with relaxed lockdown norms in many European countries, is expected to support the recovery of the market in the coming 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 Europe water cooling tower market. The Europe water cooling tower market is expected to grow at a good CAGR during the forecast period.

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Europe Water Cooling Tower Market Segmentation

Europe Water Cooling Tower Market – By Type

  • Crossflow
  • Counterflow
  • Forced Draft
  • Induced Draft
  • Others

Europe Water Cooling Tower Market – By Application

  • Industrial
  • Power Plant
  • HVAC

Europe Water Cooling Tower Market, by Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Water Cooling Tower Market -Companies Mentioned

  • Babcock & Wilcox Enterprises, Inc.
  • Baltimore Aircoil Company
  • EVAPCO, Inc.
  • Hamon
  • MESAN Group
  • SPX Cooling Technologies, Inc.
  • Vistech Cooling Systems

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. Europe Water Cooling Tower Market Landscape

4.1 Market Overview

4.2 Europe PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Europe Water Cooling Tower Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Escalating Construction Activities across Several Countries

5.1.2 Rigorous Government Rules and Policies

5.2 Market Restraints

5.2.1 Overpriced Maintenance and Upgradations

5.3 Market Opportunities

5.3.1 Burgeoning Number of Power Plants

5.4 Future Trends

5.4.1 Surging Popularity of Hybrid Cooling Towers

5.5 Impact Analysis of Drivers and Restraints

6. Water Cooling Tower Market – Europe Analysis

6.1 Europe Water Cooling Tower Market Overview

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

7. Europe Water Cooling Tower Market Analysis – By Type

7.1 Overview

7.2 Europe 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. Europe Water Cooling Tower Market Analysis – By Application

8.1 Overview

8.2 Europe 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. Europe Water Cooling Tower Market – Country Analysis

9.1 Overview

9.1.1 Europe: Water Cooling Tower Market, by Key Country

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

9.1.1.1.1 France: Water Cooling Tower Market, by Type

9.1.1.1.2 France: Water Cooling Tower Market, by Application

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

9.1.1.2.1 Germany: Water Cooling Tower Market, by Type

9.1.1.2.2 Germany: Water Cooling Tower Market, by Application

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

9.1.1.3.1 Italy: Water Cooling Tower Market, by Type

9.1.1.3.2 Italy: Water Cooling Tower Market, by Application

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

9.1.1.4.1 UK: Water Cooling Tower Market, by Type

9.1.1.4.2 UK: Water Cooling Tower Market, by Application

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

9.1.1.5.1 Russia: Water Cooling Tower Market, by Type

9.1.1.5.2 Russia: Water Cooling Tower Market, by Application

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

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

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

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

10.1 Europe: 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 EVAPCO, Inc.

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 Hamon

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 MESAN Group

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 SPX Cooling Technologies, Inc.

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 Vistech Cooling Systems

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Water Cooling Tower Market Segmentation

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

Figure 3. Europe 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. France held Largest Market Share in 2020

Figure 7. Europe – PEST Analysis

Figure 8. Europe Water Cooling Tower Market: Ecosystem Analysis

Figure 9. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  1. Babcock & Wilcox Enterprises, Inc.
  2. Baltimore Aircoil Company
  3. EVAPCO, Inc.
  4. Hamon
  5. MESAN Group
  6. SPX Cooling Technologies, Inc.
  7. Vistech Cooling Systems
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe 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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