Middle East and Africa Water Cooling Tower Market Growth and Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Middle East and 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)
- Report Date : Oct 2021
- Report Code : TIPRE00025167
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 109
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.
Middle East and Africa Water Cooling Tower Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 134.35 Million |
| Market Size by 2028 | US$ 160.07 Million |
| Global CAGR (2021 - 2028) | 2.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Babcock & Wilcox Enterprises, Inc.
- Baltimore Aircoil Company
- EVAPCO, Inc.
- Hamon
- MESAN Group
- SPX Cooling Technologies, Inc.
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