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Middle East & Africa Water Cooling Tower Market

2021

Middle East & Africa 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: TIPRE00025167 | No. of Pages: 93 | Category: Manufacturing and Construction | Status: Published

Market Insights

Middle East & Africa Water Cooling Tower Market to Grow at a CAGR of 2.5% to reach US$ 160.07 million from 2021 to 2028

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The MEA water cooling tower market is expected to grow from US$ 134.35 million in 2021 to US$ 160.07 million by 2028; it is estimated to grow at a CAGR of 2.5% from 2021 to 2028.


The UAE, Saudi Arabia, and South Africa are major economies in MEA. Stiff government rules and policies are expected to fuel the MEA water cooling tower market. Stringent government policies regarding water consumption for cooling machinery and plants in power generating plants are favoring the MEA water cooling tower market. The limited freshwater consumptions policy by the government across the region is increasing the application of water cooling towers in various types of power plants such as nuclear power plants, coal-fired thermal power plants, and gas power thermal plants. The environmental ministry across the MEA region has approved the standard on water consumption limits for coal-fired thermal power plants. The standard also expects new plants to limit water consumption to 2.5 cubic meters per megawatt-hour of electricity generation and achieve zero liquid discharge. Thus, the stringent government policies are supporting the water cooling tower market and helping to proliferate its business across MEA region.

In case of COVID-19, MEA is highly affected specially Turkey and South Africa. It is becoming clear with the COVID-19 pandemic spreading through the above-mentioned countries that few can avoid its effects, posing major challenges for all sectors. The COVID-19 pandemic has halted operations of many industrial-based companies across the region, which has negatively impacted the water cooling tower market as the industrial companies are one of the major end users of the water cooling towers. Furthermore, the nationwide lockdown in the region has severely hampered the power plants' production activities as the power demand has significantly reduced due to the halt of operational activities in the majority of plants and factories across the region. As power plants are one of the prime beneficiaries of water cooling towers, the less operational activities in power plants are restraining the growth of the market in the region. However, with the introduction of COVID-19 vaccines in the MEA, the economies of various countries are slowly resuming and people are slowly returning to normalcy. Hence, the market is expected to recover 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 MEA water cooling tower market. The MEA water cooling tower market is expected to grow at a good CAGR during the forecast period.

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MEA Water Cooling Tower Market Segmentation

MEA Water Cooling Tower Market – By Type

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

MEA Water Cooling Tower Market – By Application

  • Industrial
  • Power Plant
  • HVAC

MEA Water Cooling Tower Market, by Country

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA

MEA Water Cooling Tower Market -Companies Mentioned

  • Babcock & Wilcox Enterprises, Inc.
  • Baltimore Aircoil Company
  • 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. MEA Water Cooling Tower Market Landscape

4.1 Market Overview

4.2 MEA PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. MEA Water Cooling Tower Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Burgeoning Construction Activities across Several Countries

5.1.2 Stiff Government Rules and Policies

5.2 Market Restraints

5.2.1 Overpriced Maintenance and Upgradations

5.3 Market Opportunities

5.3.1 Increasing 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 – MEA Analysis

6.1 MEA Water Cooling Tower Market Overview

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

7. MEA Water Cooling Tower Market Analysis – By Type

7.1 Overview

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

8.1 Overview

8.2 MEA 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. MEA Water Cooling Tower Market – Country Analysis

9.1 Overview

9.1.1 MEA: Water Cooling Tower Market Breakdown, By Country

9.1.1.1 Saudi Arabia Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

9.1.1.1.1 Saudi Arabia Water Cooling Tower Market Breakdown, By Type

9.1.1.1.2 Saudi Arabia Water Cooling Tower Market Breakdown, By Application

9.1.1.2 UAE Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

9.1.1.2.1 UAE Water Cooling Tower Market Breakdown, By Type

9.1.1.2.2 UAE Water Cooling Tower Market Breakdown, By Application

9.1.1.3 South Africa Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

9.1.1.3.1 South Africa Water Cooling Tower Market Breakdown, By Type

9.1.1.3.2 South Africa Water Cooling Tower Market Breakdown, By Application

9.1.1.4 Rest of MEA Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

9.1.1.4.1 Rest of MEA Water Cooling Tower Market Breakdown, By Type

9.1.1.4.2 Rest of MEA Water Cooling Tower Market Breakdown, By Application

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

10.1 MEA: 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

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

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

Table 2. MEA Water Cooling Tower Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 3. Saudi Arabia Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 4. Saudi Arabia Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

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

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

Table 7. South Africa Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 8. South Africa Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 9. Rest of MEA Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 10. Rest of MEA Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 11. List of Abbreviation

LIST OF FIGURES

Figure 1. MEA Water Cooling Tower Market Segmentation

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

Figure 3. MEA 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. South Africa held Largest Market Share in 2020

Figure 7. MEA – PEST Analysis

Figure 8. MEA Water Cooling Tower Market: Ecosystem Analysis

Figure 9. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 23. MEA Water Cooling Tower Market Breakdown, By Country, 2020 & 2028 (%)

Figure 24. Saudi Arabia Water Cooling Tower Market, Revenue and Forecast To 2028 (US$ million)

Figure 25. UAE Water Cooling Tower Market, Revenue and Forecast To 2028 (US$ million)

Figure 26. South Africa Water Cooling Tower Market, Revenue and Forecast To 2028 (US$ million)

Figure 27. Rest of MEA Water Cooling Tower Market, Revenue and Forecast To 2028 (US$ million)

Figure 28. Impact of COVID-19 Pandemic in MEA Country Markets

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