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Cooling Tower Market

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    Report

  • 115 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724151
The global cooling tower market size is expected to reach USD 5.57 billion by 2030, according to a new study. The report “Cooling Tower Market Share, Size, Trends, Industry Analysis Report, Type (Evaporative, Dry, Hybrid); By Application; By Design; By Material; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Key factors responsible for the market growth include a surge in industrial facilities in emerging nations, particularly in South Asian nations, strong demand from nuclear power plants, stringent government norms, and technological advancements in HVAC systems. In terms of the food sector, pasteurization and sterilizing procedures also use coolant systems. Food and beverage sector use cooling towers and heat exchangers for refinery of oil, cheese industry, sugar industry, wine distilleries fruit juice factories.

Some industrial applications of cooling towers are paper and rubber manufacturing, metal casting and forging plants, vehicle manufacturing, plastic and laminate sheet manufacturing, rice mills, and the textile industry. In line with this, in January 2022, Brentwood acquired a unit of Enexio’s Water Technologies business. The acquisition expands Brentwood’s skills, global sales and engineering footprint, and areas of expertise.

The rise in the global population, modernization, and urbanization leads to new construction activities. Hence, many large buildings such as airports, hotels, and hospitals require coolant towers to give a pleasant environment. A cooling tower is part of the building’s HVAC systems in which heat is dissipated from the hot water. Thus, increasing the growth of the global market.

Common cooling towers have much stagnant water, making it possible for Legionella bacteria to grow there. These towers can potentially spread Legionnaires’ disease if they are not properly cleaned, disinfected, and maintained. Using heat exchange, the water passing through the coolant towers is heated, providing the ideal setting for Legionella, a bacterium that thrives in heat.

The design and installation of Cooling Towers free of Legionella are a specialty of Boldrocchi T.E. Legionella will not grow in cooling towers because of the technologies used in their construction and subsequent treatments. Effective engineering and water treatment techniques considerably limit the risk of a Legionella infection during the construction, operation, and maintenance of legionella-free coolant towers.

Cooling Tower Market Report Highlights

  • Evaporative segment held the highest market share in 2021 because it gives high energy efficiency even on small surfaces.
  • HVAC segment is anticipated to grow at a maximum CAGR over the forecast period owing to the rise in commercial and residential building construction.
  • APAC is growing this market because of the rapid population growth, which leads to industrialization and construction of buildings and industries.
  • The global players include Baltimore Aircoil Company, Artech Cooling Towers, Babcock & Wilcox Enterprises, and Brentwood Industries.

The publisher has segmented the cooling tower market report based on type, application, design, material, and region:

Cooling Tower, Type Outlook (Revenue - USD Billion, 2018 - 2030)

  • Evaporative
  • Dry
  • Hybrid

Cooling Tower, Application Outlook (Revenue - USD Billion, 2018 - 2030)

  • Chemical and Petrochemical
  • Pharmaceutical
  • Power Generation
  • HVAC
  • Food and Beverages
  • Others

Cooling Tower, Design Outlook (Revenue - USD Billion, 2018 - 2030)

  • Natural
  • Mechanical

Cooling Tower, Material Outlook (Revenue - USD Billion, 2018 - 2030)

  • Concrete
  • Steel
  • FRP
  • Wood

Cooling Tower, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Cooling Tower Market

What is the estimated value of the Cooling Tower Market?

The Cooling Tower Market was estimated to be valued at $3.98 billion in 2022.

What is the growth rate of the Cooling Tower Market?

The growth rate of the Cooling Tower Market is 4.3%, with an estimated value of $5.57 billion by 2030.

What is the forecasted size of the Cooling Tower Market?

The Cooling Tower Market is estimated to be worth $5.57 billion by 2030.

Who are the key companies in the Cooling Tower Market?

Key companies in the Cooling Tower Market include Baltimore Aircoil Company, Artech Cooling Towers, Babcock & Wilcox Enterprises, Bell Cooling Tower, Brentwood Industries, ENEXIO, Johnson Controls, Paharpur Cooling Tower and SPX Cooling Technologies.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Cooling Tower Market Insights
4.1. Cooling Tower - Industry Snapshot
4.2. Cooling Tower Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing construction of residential and commercial areas
4.2.1.2. Technological advancements in cooling tower market
4.2.2. Restraints and Challenges
4.2.2.1. Requirement of large quantities of water
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Cooling Tower Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Cooling Tower Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
5.3. Chemical and Petrochemical
5.3.1. Global Cooling Tower Market, by Chemical and Petrochemical, by Region, 2018 - 2030 (USD Billion)
5.4. Pharmaceutical
5.4.1. Global Cooling Tower Market, by Pharmaceutical, by Region, 2018 - 2030 (USD Billion)
5.5. Power Generation
5.5.1. Global Cooling Tower Market, by Power Generation, by Region, 2018 - 2030 (USD Billion)
5.6. HVAC
5.6.1. Global Cooling Tower Market, by HVAC, by Region, 2018 - 2030 (USD Billion)
5.7. Food and Beverages
5.7.1. Global Cooling Tower Market, by Food and Beverages, by Region, 2018 - 2030 (USD Billion)
5.8. Others
5.8.1. Global Cooling Tower Market, by Other Applications, by Region, 2018 - 2030 (USD Billion)

6. Global Cooling Tower Market, by Design
6.1. Key Findings
6.2. Introduction
6.2.1. Global Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
6.3. Natural
6.3.1. Global Cooling Tower Market, by Natural, by Region, 2018 - 2030 (USD Billion)
6.4. Mechanical
6.4.1. Global Cooling Tower Market, by Mechanical, by Region, 2018 - 2030 (USD Billion)

7. Global Cooling Tower Market, by Type
7.1. Key Findings
7.2. Introduction
7.2.1. Global Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
7.3. Evaporative
7.3.1. Global Cooling Tower Market, by Evaporative, by Region, 2018 - 2030 (USD Billion)
7.4. Dry
7.4.1. Global Cooling Tower Market, by Dry, by Region, 2018 - 2030 (USD Billion)
7.5. Hybrid
7.5.1. Global Cooling Tower Market, by Hybrid, by Region, 2018 - 2030 (USD Billion)

8. Global Cooling Tower Market, by Material
8.1. Key Findings
8.2. Introduction
8.2.1. Global Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
8.3. Concrete
8.3.1. Global Cooling Tower Market, by Concrete, by Region, 2018 - 2030 (USD Billion)
8.4. Steel
8.4.1. Global Cooling Tower Market, by Steel, by Region, 2018 - 2030 (USD Billion)
8.5. FRP
8.5.1. Global Cooling Tower Market, by FRP, by Region, 2018 - 2030 (USD Billion)
8.6. Wood
8.6.1. Global Cooling Tower Market, by Wood, by Region, 2018 - 2030 (USD Billion)

9. Global Cooling Tower Market, by Geography
9.1. Key findings
9.2. Introduction
9.2.1. Cooling Tower Market Assessment, By Geography, 2018 - 2030 (USD Billion)
9.3. Cooling Tower Market - North America
9.3.1. North America: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.3.2. North America: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.3.3. North America: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.3.4. North America: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.3.5. Cooling Tower Market - U.S.
9.3.5.1. U.S.: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.3.5.2. U.S.: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.3.5.3. U.S.: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.3.5.4. U.S.: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.3.6. Cooling Tower Market - Canada
9.3.6.1. Canada: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.3.6.2. Canada: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.3.6.3. Canada: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.3.6.4. Canada: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.4. Cooling Tower Market - Europe
9.4.1. Europe: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.4.2. Europe: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.4.3. Europe: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.4.4. Europe: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.4.5. Cooling Tower Market - UK
9.4.5.1. UK: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.4.5.2. UK: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.4.5.3. UK: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.4.5.4. UK: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.4.6. Cooling Tower Market - France
9.4.6.1. France: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.4.6.2. France: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.4.6.3. France: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.4.6.4. France: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.4.7. Cooling Tower Market - Germany
9.4.7.1. Germany: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.4.7.2. Germany: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.4.7.3. Germany: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.4.7.4. Germany: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.4.8. Cooling Tower Market - Italy
9.4.8.1. Italy: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.4.8.2. Italy: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.4.8.3. Italy: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.4.8.4. Italy: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.4.9. Cooling Tower Market - Spain
9.4.9.1. Spain: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.4.9.2. Spain: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.4.9.3. Spain: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.4.9.4. Spain: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.4.10. Cooling Tower Market - Netherlands
9.4.10.1. Netherlands: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.4.10.2. Netherlands: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.4.10.3. Netherlands: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.4.10.4. Netherlands: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.4.11. Cooling Tower Market - Russia
9.4.11.1. Russia: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.4.11.2. Russia.: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.4.11.3. Russia: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.4.11.4. Russia: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.5. Cooling Tower Market - Asia Pacific
9.5.1. Asia Pacific: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.5.2. Asia Pacific: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.5.3. Asia Pacific: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.5.4. Asia Pacific: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.5.5. Cooling Tower Market - China
9.5.5.1. China: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.5.5.2. China.: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.5.5.3. China: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.5.5.4. China: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.5.6. Cooling Tower Market - India
9.5.6.1. India: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.5.6.2. India.: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.5.6.3. India: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.5.6.4. India: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.5.7. Cooling Tower Market - Japan
9.5.7.1. Japan: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.5.7.2. Japan.: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.5.7.3. Japan: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.5.7.4. Japan: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.5.8. Cooling Tower Market - Malaysia
9.5.8.1. Malaysia: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.5.8.2. Malaysia.: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.5.8.3. Malaysia: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.5.8.4. Malaysia: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.5.9. Cooling Tower Market - Indonesia
9.5.9.1. Indonesia: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.5.9.2. Indonesia.: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.5.9.3. Indonesia: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.5.9.4. Indonesia: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.5.10. Cooling Tower Market - South Korea
9.5.10.1. South Korea: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.5.10.2. South Korea.: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.5.10.3. South Korea: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.5.10.4. South Korea: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.6. Cooling Tower Market - Middle East & Africa
9.6.1. Middle East & Africa: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.6.2. Middle East & Africa: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.6.3. Middle East & Africa: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.6.4. Middle East & Africa: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.6.5. Cooling Tower Market - Saudi Arabia
9.6.5.1. Saudi Arabia: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.6.5.2. Saudi Arabia: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.6.5.3. Saudi Arabia: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.6.5.4. Saudi Arabia: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.6.6. Cooling Tower Market - South Africa
9.6.6.1. South Africa: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.6.6.2. South Africa: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.6.6.3. South Africa: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.6.6.4. South Africa: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.6.7. Cooling Tower Market - Israel
9.6.7.1. Israel: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.6.7.2. Israel: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.6.7.3. Israel: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.6.7.4. Israel: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.6.8. Cooling Tower Market - UAE
9.6.8.1. UAE: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.6.8.2. UAE: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.6.8.3. UAE: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.6.8.4. UAE: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.7. Cooling Tower Market - Latin America
9.7.1. Latin America: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.7.2. Latin America: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.7.3. Latin America: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.7.4. Latin America: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.7.5. Cooling Tower Market - Mexico
9.7.5.1. Mexico: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.7.5.2. Mexico: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.7.5.3. Mexico: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.7.5.4. Mexico: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.7.6. Cooling Tower Market - Brazil
9.7.6.1. Brazil: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.7.6.2. Brazil: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.7.6.3. Brazil: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.7.6.4. Brazil: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)
9.7.7. Cooling Tower Market - Argentina
9.7.7.1. Argentina: Cooling Tower Market, by Application, 2018 - 2030 (USD Billion)
9.7.7.2. Argentina: Cooling Tower Market, by Material, 2018 - 2030 (USD Billion)
9.7.7.3. Argentina: Cooling Tower Market, by Design, 2018 - 2030 (USD Billion)
9.7.7.4. Argentina: Cooling Tower Market, by Type, 2018 - 2030 (USD Billion)

10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles
11.1. Baltimore Aircoil Company
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. Artech Cooling Towers
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. Babcock & Wilcox
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. Bell Cooling Tower
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. Brentwood Industries
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. ENEXIO
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. Johnson Controls
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Spig S.P.A
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development
11.9. SPX Cooling Technologies
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Recent Development
11.10. Hamon and CIE International
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Recent Development
11.11. Star Cooling Tower
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Benchmarking
11.11.4. Recent Development

Companies Mentioned

  • Baltimore Aircoil Company
  • Artech Cooling Towers
  • Babcock & Wilcox Enterprises
  • Bell Cooling Tower
  • Brentwood Industries
  • ENEXIO
  • Johnson Controls
  • Paharpur Cooling Tower
  • Spig S.P.A.
  • SPX Cooling Technologies
  • Hamon and CIE International and Star Cooling Tower Pvt among others