Water Cooling Tower Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cross flow, Counterflow, Forced Draft, Induced Draft, and Others) and Application (Industrial, Power Plant, and HVAC)

Publication Month: Aug 2021 | Report Code: TIPRE00024439 | No. of Pages: 132 | Category: Manufacturing and Construction | Status: Published

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The water cooling tower market is expected to grow from US$ 1,635.2 million in 2021 to US$ 2,105.0 million by 2028; it is estimated to register a CAGR of 3.7% from 2021 to 2028.

 

Stringent government policies regarding water consumption for cooling machinery and plants in power generating plants are favoring the water cooling tower market. The limited freshwater consumptions policy by the Government of India 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. For instance, the Ministry of Environment, Forest and Climate Change, India, recently approved the standard on water consumption limits for coal-fired thermal power plants (Central Pollution Control Board, 2015). The Standards for Water Consumption vide Notification No. S.O. 3305(E) (dated December 7, 2015) required all plants to install cooling towers and achieve a maximum water consumption of 3.5 cubic meters per megawatt-hour of electricity generation by the end of 2017. The standard also expects new plants (to be installed after January 1, 2017) to limit water consumption to 2.5 cubic meters per megawatt-hour of electricity generation and achieve zero liquid discharge. Thus, stringent government policies are supporting the water cooling tower market and helping to proliferate its business globally.

 

Furthermore, with the rising global demand for power consumption, the number of nuclear and geothermal power plants is rapidly increasing. Countries such as India, China, Argentina, Bangladesh, and Brazil have shown a significant demand for power generation. To fulfill this power requirement, many nuclear power plants are under construction. As per the World Nuclear Association data, in August 2021, about 100 nuclear power plants are planned with an estimated capacity of about 110,000 Megawatts electric (MWe). Also, around 300 more nuclear power plants are proposed for construction across the globe. Furthermore, about 30 countries with existing nuclear power plants are planning for additional nuclear power plants to meet their power requirement and some of those countries are China, India, the US, Russia, South Korea, France, and the UAE. As per the International Energy Agency (IEA), nuclear plants’ contribution to global power generation is expected to be about 8.5% by 2040. Hence, with the growing trend of rapid urbanization and industrialization globally, 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 water cooling tower market as the power plants are the major end users of the water cooling towers.

 

The key companies operating in the water cooling tower market include Babcock And Wilcox Enterprises, Inc.; Baltimore Aircoil Company; Bell Cooling Towers; Delta Cooling Towers, Inc.; Evapco, Inc.; Mesan Group; and Samco Technologies, Inc. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global water cooling tower market and its ecosystem

 

Impact of COVID-19 Pandemic on Water Cooling Tower Market

The COVID-19 pandemic has disrupted and negatively impacted the operations of several industries, including industrial; heating, ventilation, and air conditioning (HVAC); and power plants. A sharp decline in the growth of mentioned industries due to the pandemic is limiting the water cooling tower market growth. Factory shutdowns, travel and trade bans, and border lockdowns to combat and contain the infection have impacted manufacturing, supply, and sales of water cooling tower products.

 

Amid the COVID-19 pandemic, the demand for the power from commercial and residential sectors has increased significantly, owing to the rising trend of work from home among corporates across the globe. This development has stabilized the demand for water cooling towers to some extent. However, the limited production activities and disrupted supply chain have hampered the market growth. Lowered production rate and declined sale of industrial products in first half of 2020 has negatively impacted the market growth. However, the demand for water cooling towers is expected to increase at considerable rate with the resumption of economic activities in many countries. Thus, the global water cooling tower market is projected to recover in upcoming years as many industries are dependent on it.

 

Lucrative Regions for Water Cooling Tower Market

Lucrative Regions for Water Cooling Tower Market

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Market Insight

Increasing Popularity of Hybrid Cooling Towers

In recent times, plume abatement cooling tower, also called the hybrid cooling tower, is gaining 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 Suvarnabhumi airport in Thailand. The cooling tower is located 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 Korea successfully installed another plume abated cooling tower at SK HYNIX CHP (one of the largest chip-making companies in South Korea) site. Thus, the hybrid cooling tower is trending and becoming popular due to its improved operational efficiency and low plume abatement capability.

 

Type Segment Insights

The global water cooling tower market is categorized into crossflow, counterflow, forced draft, induced draft, and others. The crossflow type of cooling towers has the most important requirement for the efficient heat exchange in any industrial application. The less noise operations and better performance in hot climates with easy to access for maintenance drive the crossflow segment growth over others. The HVAC system design depends on the type of cooling towers. 

 

Water Cooling Tower Market, by Type (% Share)

Water Cooling Tower Market, by Type (% Share)

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Application Segment Insights

The global water cooling tower market, by application is segmented into industrial, power plant, and HVAC. Water cooling towers are essentially used by many industries to eliminate excess warmth from water used during their operations. Cooling towers prevent factory’s machinery from over-heat and help function more efficiently.

 

Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors. In January 2020, Delta Cooling Towers, Inc. expanded its TM Series cooling tower single unit capacity to 2,400 tonnes. The TM Series cooling tower has many industry-leading features including a seamless double-wall engineered plastic shell carrying a 20-year warranty. The direct-drive fan systems eliminate maintenance and downtime frustrations with belt-driven or gear reducer systems prevalent in the industry.

 

Geographically, the water cooling tower market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of APAC), Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM).

 

The global smart pest monitoring management system market has been segmented as mentioned below:

By Type

  • Cross flow
  •  Counterflow
  •  Forced Draft
  •  Induced Draft
  • Others


By Application

  • Industrial
  •  Power Plant
  •  HVAC

 

Water Cooling Tower Market – Company Profiles

  • Babcock & Wilcox Enterprises, Inc.
  • Baltimore Aircoil Company
  • BELL COOLING TOWERS
  • Delta Cooling Towers, Inc.
  • EVAPCO, Inc.
  • Hamon
  • MESAN Group
  • Samco Technologies, Inc.
  • 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.             Global Water Cooling Tower Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        Asia Pacific

4.2.4        Middle East & Africa

4.2.5        South America

4.3       Water Cooling Tower Market: Ecosystem Analysis

4.4       Expert Opinion

4.5       Premium Insight

4.5.1        Volumetric Analysis

4.5.1.1      Global Water Cooling Tower Market Breakdown, By Volume

4.5.1.2      Global Water Cooling Tower Market Breakdown, By Region

5.             Water Cooling Tower Market – Key Industry Dynamics

5.1       Market Drivers

5.1.1        Rise in Construction Activities in Developing Economies

5.1.2        Stringent Government Policies

5.2       Market Restraints

5.2.1        High Maintenance Cost

5.3       Market Opportunities

5.3.1        Rising Number of Power Plants Globally

5.4       Future Trends

5.4.1        Increasing Popularity of Hybrid Cooling Towers

5.5       Impact Analysis of Drivers and Restraints

6.             Water Cooling Tower Market – Global Analysis

6.1       Water Cooling Tower Market Global Overview

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

6.3       Market Positioning – Five Key Players

7.             Water Cooling Tower Market Analysis – By Type

7.1       Overview

7.2       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.             Water Cooling Tower Market Analysis – By Application

8.1       Overview

8.2       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.             Water Cooling Tower Market – Geographic Analysis

9.1       Overview

9.2       North America Water Cooling Tower Market, Revenue and Forecast to 2028

9.2.1        Overview

9.2.2        North America Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ Mn)

9.2.3        North America: Water Cooling Tower Market, by Type

9.2.4        North America: Water Cooling Tower Market, by Application

9.2.5        North America: Water Cooling Tower Market, by Key Country

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

9.2.5.1.1       US: Water Cooling Tower Market, by Type

9.2.5.1.2       US: Water Cooling Tower Market, by Application

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

9.2.5.2.1       Canada: Water Cooling Tower Market, by Type

9.2.5.2.2       Canada: Water Cooling Tower Market, by Application

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

9.2.5.3.1       Mexico: Water Cooling Tower Market, by Type

9.2.5.3.2       Mexico: Water Cooling Tower Market, by Application

9.3       Europe: Water Cooling Tower Market

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

9.3.2        Europe: Water Cooling Tower Market, by Type

9.3.3        Europe: Water Cooling Tower Market, by Application

9.3.4        Europe: Water Cooling Tower Market, by Key Country

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

9.3.4.1.1       France: Water Cooling Tower Market, by Type

9.3.4.1.2       France: Water Cooling Tower Market, by Application

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

9.3.4.2.1       Germany: Water Cooling Tower Market, by Type

9.3.4.2.2       Germany: Water Cooling Tower Market, by Application

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

9.3.4.3.1       Italy: Water Cooling Tower Market, by Type

9.3.4.3.2       Italy: Water Cooling Tower Market, by Application

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

9.3.4.4.1       UK: Water Cooling Tower Market, by Type

9.3.4.4.2       UK: Water Cooling Tower Market, by Application

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

9.3.4.5.1       Russia: Water Cooling Tower Market, by Type

9.3.4.5.2       Russia: Water Cooling Tower Market, by Application

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

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

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

9.4       APAC: Water Cooling Tower Market

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

9.4.2        APAC: Water Cooling Tower Market, by Type

9.4.3        APAC: Water Cooling Tower Market, by Application

9.4.4        APAC: Water Cooling Tower Market, by Key Country

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

9.4.4.1.1       China: Water Cooling Tower Market, by Type

9.4.4.1.2       China: Water Cooling Tower Market, by Application

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

9.4.4.2.1       Japan: Water Cooling Tower Market, by Type

9.4.4.2.2       Japan: Water Cooling Tower Market, by Application

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

9.4.4.3.1       India: Water Cooling Tower Market, by Type

9.4.4.3.2       India: Water Cooling Tower Market, by Application

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

9.4.4.4.1       South Korea: Water Cooling Tower Market, by Type

9.4.4.4.2       South Korea: Water Cooling Tower Market, by Application

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

9.4.4.5.1       Australia: Water Cooling Tower Market, by Type

9.4.4.5.2       Australia: Water Cooling Tower Market, by Application

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

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

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

9.5       MEA: Water Cooling Tower Market

9.5.1        Overview

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

9.5.3        MEA: Water Cooling Tower Market Breakdown, by Type

9.5.4        MEA: Water Cooling Tower Market Breakdown, by Application

9.5.5        MEA: Water Cooling Tower Market Breakdown, By Country

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

9.5.5.1.1       Saudi Arabia Water Cooling Tower Market Breakdown, By Type

9.5.5.1.2       Saudi Arabia Water Cooling Tower Market Breakdown, By Application

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

9.5.5.2.1       UAE Water Cooling Tower Market Breakdown, By Type

9.5.5.2.2       UAE Water Cooling Tower Market Breakdown, By Application

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

9.5.5.3.1       South Africa Water Cooling Tower Market Breakdown, By Type

9.5.5.3.2       South Africa Water Cooling Tower Market Breakdown, By Application

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

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

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

9.6       SAM: Water Cooling Tower Market

9.6.1        Overview

9.6.2        SAM Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

9.6.3        SAM Water Cooling Tower Market Breakdown, by Type

9.6.4        SAM Water Cooling Tower Market Breakdown, by Application

9.6.5        SAM Water Cooling Tower Market Breakdown, by Country

9.6.5.1      Brazil Water Cooling Tower Market, Revenue and Forecast to 2028

9.6.5.1.1       Brazil Water Cooling Tower Market Breakdown, By Type

9.6.5.1.2       Brazil Water Cooling Tower Market Breakdown, By Application

9.6.5.2      Argentina Water Cooling Tower Market, Revenue and Forecast to 2028

9.6.5.2.1       Argentina Water Cooling Tower Market Breakdown, By Type

9.6.5.2.2       Argentina Water Cooling Tower Market Breakdown, By Application

9.6.5.3      Rest of SAM Water Cooling Tower Market, Revenue and Forecast to 2028

9.6.5.3.1       Rest of SAM Water Cooling Tower Market Breakdown, By Type

9.6.5.3.2       Rest of SAM Water Cooling Tower Market Breakdown, By Application

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

10.1    Overview

10.2    North America: Impact Assessment of COVID-19 Pandemic

10.3    Europe: Impact Assessment of COVID-19 Pandemic

10.4    Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.5    Middle East & Africa: Impact Assessment of COVID-19 Pandemic

10.6    South America 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    Delta Cooling Towers, 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    EVAPCO, Inc.

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    Hamon

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    MESAN Group

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

12.8    Samco Technologies, Inc.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    SPX Cooling Technologies, Inc.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Vistech Cooling Systems

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index

LIST OF TABLES

Table 1.             Global Water Cooling Tower Market – Volume and Forecast to 2028 ( in Units)

Table 2.             Water Cooling Tower Market, Revenue and Forecast to 2028 – By Region ( in Units)

Table 3.             Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Global Water Cooling Tower Market, Revenue and Forecast to 2028, by Geography (US$ Mn)

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

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

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

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

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

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

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

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

Table 13.          Mexico: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

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

Table 15.          Europe: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Europe: Water Cooling Tower Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 17.          France: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 18.          France: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Germany: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Germany: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 21.          Italy: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 22.          Italy: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 23.          UK: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 24.          UK: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 25.          Russia: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 26.          Russia: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 27.          Rest of Europe: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 28.          Rest of Europe: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 29.          APAC: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 30.          APAC: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 31.          APAC: Water Cooling Tower Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 32.          China: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 33.          China: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 34.          Japan: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 35.          Japan: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 36.          India: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 37.          India: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 38.          South Korea: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 39.          South Korea: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 40.          Australia: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 41.          Australia: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 42.          Rest of APAC: Water Cooling Tower Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 43.          Rest of APAC: Water Cooling Tower Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 44.          MEA: Water Cooling Tower Market, Revenue and Forecast To 2028 – by Type (US$ million)

Table 45.          MEA: Water Cooling Tower Market, Revenue and Forecast To 2028 – by Application (US$ million)

Table 46.          MEA Water Cooling Tower Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 47.          Saudi Arabia Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 48.          Saudi Arabia Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 49.          UAE Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 50.          UAE Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 51.          South Africa Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 52.          South Africa Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 53.          Rest of MEA Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 54.          Rest of MEA Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 55.          SAM Water Cooling Tower Market, Revenue and Forecast To 2028 – by Type (US$ million)

Table 56.          SAM Water Cooling Tower Market, Revenue and Forecast To 2028 – by Application (US$ million)

Table 57.          SAM Water Cooling Tower Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 58.          Brazil Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 59.          Brazil Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 60.          Argentina Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 61.          Argentina Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 62.          Rest of SAM Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)

Table 63.          Rest of SAM Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)

Table 64.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Water Cooling Tower Market Segmentation

Figure 2.           Water Cooling Tower Market Segmentation – By Geography

Figure 3.           Global Water Cooling Tower Market Overview

Figure 4.           Counterflow Segment is Expected to Grow with the Highest CAGR

Figure 5.           Industrial Segment held Largest Market Share in 2020

Figure 7.           APAC held Highest CAGR in the Forecast Period

Figure 8.           North America – PEST Analysis

Figure 9.           Europe – PEST Analysis

Figure 10.        Asia Pacific – PEST Analysis

Figure 11.        Middle East & Africa – PEST Analysis

Figure 12.        South America – PEST Analysis

Figure 13.        Water Cooling Tower Market: Ecosystem Analysis

Figure 14.        Expert Opinion

Figure 15.        Global Water Cooling Tower Market: Impact Analysis of Drivers and Restraints

Figure 16.        Geographic Overview of Water Cooling Tower Market

Figure 17.        Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

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

Figure 19.        Crossflow: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)

Figure 20.        Counterflow: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)

Figure 21.        Forced Draft: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)

Figure 22.        Induced Draft: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)

Figure 23.        Others: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)

Figure 24.        Water Cooling Tower Market Revenue Share, by Application (2020 and 2028)

Figure 25.        Industrial: Water Cooling Tower – Revenue and Forecast to 2028 (US$ million)

Figure 26.        Power Plant: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)

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

Figure 28.        Global Water Cooling Tower Market Breakdown, by Region, 2020 & 2028 (%)

Figure 29.        North America Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 30.        North America: Water Cooling Tower Market Revenue Share, by Type (2020 and 2028)

Figure 31.        North America: Water Cooling Tower Market Revenue Share, by Application (2020 and 2028)

Figure 32.        North America: Water Cooling Tower Market Revenue Share, by Key Country (2020 and 2028)

Figure 33.        US: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Canada: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        Mexico: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36.        Europe: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        Europe: Water Cooling Tower Market Revenue Share, by Type (2020 and 2028)

Figure 38.        Europe: Water Cooling Tower Market Revenue Share, by Application (2020 and 2028)

Figure 39.        Europe: Water Cooling Tower Market Revenue Share, by Key Country (2020 and 2028)

Figure 40.        France: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41.        Germany: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42.        Italy: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43.        UK: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44.        Russia: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45.        Rest of Europe: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46.        APAC: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47.        APAC: Water Cooling Tower Market Revenue Share, by Type (2020 and 2028)

Figure 48.        APAC: Water Cooling Tower Market Revenue Share, by Application (2020 and 2028)

Figure 49.        APAC: Water Cooling Tower Market Revenue Share, by Key Country (2020 and 2028)

Figure 50.        China: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51.        Japan: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52.        India: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53.        South Korea: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54.        Australia: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55.        Rest of APAC: Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56.        MEA: Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

Figure 57.        MEA: Water Cooling Tower Market Breakdown, by Type, 2020 & 2028 (%)

Figure 58.        MEA Water Cooling Tower Market Breakdown, by Application, 2020 & 2028 (%)

Figure 59.        MEA Water Cooling Tower Market Breakdown, By Country, 2020 & 2028 (%)

Figure 60.        Saudi Arabia Water Cooling Tower Market, Revenue and Forecast To 2028 (US$ million)

Figure 61.        UAE Water Cooling Tower Market, Revenue and Forecast To 2028 (US$ million)

Figure 62.        South Africa Water Cooling Tower Market, Revenue and Forecast To 2028 (US$ million)

Figure 63.        Rest of MEA Water Cooling Tower Market, Revenue and Forecast To 2028 (US$ million)

Figure 64.        SAM Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

Figure 65.        SAM Water Cooling Tower Market Breakdown, By Type, 2020 & 2028 (%)

Figure 66.        SAM Water Cooling Tower Market Breakdown, By Application, 2020 & 2028 (%)

Figure 67.        SAM Water Cooling Tower Market Breakdown, by Country, 2020 & 2028 (%)

Figure 68.        Brazil Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

Figure 69.        Argentina Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

Figure 70.        Rest of SAM Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)

Figure 71.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 72.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 73.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 74.        Impact of COVID-19 Pandemic in Middle East & Africa Country Markets

Figure 75.        Impact of COVID-19 Pandemic in South America Country Markets

 

The List of Companies - Water Cooling Tower Market

  1. Babcock And Wilcox Enterprises, Inc.
  2. Baltimore Aircoil Company
  3. Bell Cooling Towers
  4. Delta Cooling Towers, Inc.
  5. Evapco, Inc.
  6. Hamon
  7. Mesan Group
  8. Samco Technologies, Inc
  9. SPX Cooling Technologies, Inc.
  10. Vistech Cooling Systems
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 global 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 global market trends and outlook coupled with the factors driving the 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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Frequently Asked Questions

The rising industrialization in developing economies is causing an increase in the construction of plants and factories of various industries such as chemical, pharmaceutical, rubber and plastic, automotive, petrochemical, oil & gas, food processing, and sugar refineries. The industrial segment is considered one of the prime users of water cooling towers as these industries generate extensive heat during their operations. The growth of the various industries in developing economies can be attributed to the increasing demand for consumer goods and the rising disposable income of consumers in developing economies. Thus, the rapid urbanization and industrialization in developing economies are fueling the construction activities and subsequently proliferating the demand for water cooling towers.

One of the major challenges of water cooling tower market is the high cost of maintenance. As water cooling tower requires periodic maintenance, checks, and repairs to prevent serious issues. Water cooling towers are continuously associated with hot and cold water along with evaporative air inside the tank. Hence, over time the hot and humid conditions in cooling towers lead to chemical attacks and often cause premature corrosion of even the parts made from selective materials like galvanized steel. The common areas in the cooling tower where the corrosion problem occurs are the joints, holding pans, diffuser trays, and tank framework. The corrosion in the given parts may lead to leakages which can diminish the cooling tower performance. Thus, to overcome this problem, regular preventive maintenance is required. This increases the maintenance cost of the water cooling tank, which may act as a restraining factor for the water cooling tower market.

The key companies operating in the water cooling tower market include Babcock And Wilcox Enterprises, Inc.; Baltimore Aircoil Company; Bell Cooling Towers; Delta Cooling Towers, Inc.; Evapco, Inc.; Mesan Group; And Samco Technologies, Inc. are among the key players profiled during this market study. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global water cooling tower market and its ecosystem.

North America is the most lucrative region for the water cooling tower market. The dominance of North America is majorly attributed to the continuous emphasis on the growing installation of power plants, and chemical and petrochemical industries by the governments. Owing to this factor, the demand for water cooling tower is much higher in these countries. Additionally, the presence of a higher number of well-known market players across the region facilitates North America to lead to the water cooling tower market.

Water cooling tower market is expected to grow about 3.7% of CAGR during the forecast period. The growth of the market is anticipated owing to rising demand for heating, ventilation, and air conditioning (HVAC) in food & beverages, chemical, and petrochemicals industries.

The global water cooling tower market is expected to grow from US$ 1,635.2 million in 2021. The market is expected to proliferate its growth due to rise in industrialization, increase in demand for power supply, and rapid growth in the number of internet users in developing economies.

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