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Cooling Tower Market by Type (Evaporative, Dry, Hybrid), Design (Natural, Mechanical), Material (Concrete, Steel, FRP, Wood), Flow Type, Technology, Application (Power Generation, HVACR, Food & Beverages) and Region - Global Forecast to 2026

March 2022 | 194 pages | ID: C80D4A4327DEN
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The global cooling tower market size is projected to grow from USD 2.1 billion in 2021 to USD 2.6 billion by 2026, at a CAGR of 4.5% between 2021 and 2026. Industrialization in developing countries, stringent environmental regulations and rise in HVACR deployments are expected to offer significant growth opportunities to manufacturers of cooling tower.


“HVACR accounted for the fastest growth in the cooling tower market in terms of value.”

HVACR systems are primarily installed in commercial buildings such as offices, hospitals, and schools. In these commercial buildings, heat is generated by computers, people, and continuous exposure to sunlight. The HVACR systems trap the heat through air handlers and immediately transfer it to refrigerants through the heat exchangers. The refrigerant condenses the heat into vapor, which is further converted to water. Once the water is warm, it cannot be reused for cooling. Therefore, cooling towers are installed in HVACR systems to convert this water steam to cold water. The towers cool the warm water that returns from the heat exchanger and boosts water reusability.

“Evaporative is the largest type of cooling tower.”

Evaporative cooling towers have the highest demand in industrial processes around the world. These towers are majorly used in industries which have larger cooling requirements such as in electrical power generation.

The market for the evaporative cooling tower is expected to grow at a significant pace over the next five years due to rapid industrialization and surge in the installation of these towers to prevent damage caused due to excessive heating. Evaporative cooling towers are being widely positioned in hot-dry climates to cool outdoor air and circulate it in a building or an area. They are also being used significantly in HVAC systems. The growth of the evaporative cooling tower market is majorly attributed to the rising installation of direct and indirect evaporative cooling systems

“North America is estimated to be the second-largest market for cooling tower”

North America is the second-largest cooling tower market, which accounted for a share of 25.1%, in terms of value, in 2020. According to ICCA-chem economic analysis report, base chemicals and fertilizers dominate the chemical industry in North America. According to the Center of Strategic and International Studies (CSIS), the development of abundant tight oil and unconventional natural gas resources drives the economic growth of North America.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the cooling tower market, and information was gathered from secondary research to determine and verify the market size of several segments.
  • By Company Type: Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
  • By Designation: C Level Executives– 40%, Directors – 40%, and Others – 20%
  • By Region: APAC – 50%, Europe – 20%, North America – 10%, the Middle East & Africa –10%, and South America- 10%
The key players in this market are EVAPCO (US), Baltimore Aircoil Company Inc. (US), SPX Corporation (US), Artech Cooling Towers Pvt. Ltd. (India), Babcock & Wilcox Enterprises (US), Brentwood Industries (US), Johnson Controls Inc. (Ireland), Paharpur Cooling Tower Ltd. (India), Enexio (Germany), and Hamon & CIE International (Belgium).

Research Coverage:

The report offers insights into the cooling tower market in key regions. It aims at estimating the size of the cooling tower market during the forecast period and projects future growth of the market across various segments based on type, design, flow type, technology, material, application, and region. The report also includes an in-depth competitive analysis of the key players in the cooling tower market, along with company profiles, MNM view, recent developments, and key market strategies.

Key Benefits of Buying the Report

From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the cooling tower market; high growth regions; and market drivers, restraints, opportunities, and challenges.
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
  1.2.1 COOLING TOWER MARKET: INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.4 REGIONS COVERED
  1.4.1 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 1 COOLING TOWER MARKET: RESEARCH DESIGN
  2.1.1 SECONDARY DATA
    2.1.1.1 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Key data from primary sources
    2.1.2.2 Primary interviews – demand and supply side
    2.1.2.3 Key industry insights
    2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
FIGURE 2 COOLING TOWER MARKET: BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
FIGURE 3 COOLING TOWER MARKET: TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: COOLING TOWER MARKET TOP-DOWN APPROACH
2.3 FORECAST NUMBER CALCULATION
FIGURE 5 DEMAND-SIDE FORECAST PROJECTIONS
2.4 DATA TRIANGULATION
FIGURE 6 COOLING TOWER MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 ASSUMPTIONS
2.7 LIMITATIONS & RISKS ASSOCIATED WITH COOLING TOWER MARKET

3 EXECUTIVE SUMMARY

FIGURE 7 EVAPORATIVE TYPE TO LEAD COOLING TOWER MARKET DURING
FORECAST PERIOD
FIGURE 8 MECHANICAL DRAFT COOLING TOWER DESIGN TO LEAD MARKET
FIGURE 9 POWER GENERATION INDUSTRY TO DOMINATE COOLING TOWER MARKET BETWEEN 2021 AND 2026
FIGURE 10 ASIA PACIFIC LED COOLING TOWER MARKET IN 2020

4 PREMIUM INSIGHTS

4.1 SIGNIFICANT OPPORTUNITIES IN COOLING TOWER MARKET
FIGURE 11 HIGH GROWTH POTENTIAL IN ASIA PACIFIC REGION TO DRIVE MARKET
4.2 ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION AND COUNTRY, 2020
FIGURE 12 POWER GENERATION APPLICATION DOMINATED MARKET IN ASIA PACIFIC
4.3 COOLING TOWER MARKET, BY APPLICATION
FIGURE 13 HVACR APPLICATION TO LEAD COOLING TOWER MARKET IN TERMS OF UNITS
4.4 COOLING TOWER MARKET, BY COUNTRY
FIGURE 14 INDIA TO BE FASTEST-GROWING COOLING TOWER MARKET
DURING FORECAST PERIOD

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 RISE IN DEMAND FOR COOLING TOWERS
  5.2.1 DRIVERS
    5.2.1.1 Rising demand from emerging markets in Asia Pacific
    5.2.1.2 Stringent environmental regulations driving demand for
cooling towers
    5.2.1.3 Rise in HVACR deployments and growth in industrial activities
    5.2.1.4 Technological advancements in cooling tower market
  5.2.2 RESTRAINTS
    5.2.2.1 Sluggish market growth in Europe and North America
  5.2.3 OPPORTUNITIES
    5.2.3.1 Rising demand from nuclear power generation sector
TABLE 1 NUCLEAR ENERGY CONSUMPTION, BY REGION, 2016–2020 (EXAJOULES)
  5.2.4 CHALLENGES
    5.2.4.1 Requirement of large quantities of water
    5.2.4.2 Frequent corrosion in system results in reduced efficiency
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 16 PORTER’S FIVE FORCES ANALYSIS
  5.3.1 BARGAINING POWER OF SUPPLIERS
  5.3.2 BARGAINING POWER OF BUYERS
  5.3.3 THREAT OF SUBSTITUTES
  5.3.4 THREAT OF NEW ENTRANTS
  5.3.5 INTENSITY OF COMPETITIVE RIVALRY
TABLE 2 COOLING TOWER MARKET: PORTER'S FIVE FORCES ANALYSIS
5.4 VALUE CHAIN ANALYSIS
  5.4.1 RAW MATERIAL SUPPLIERS
  5.4.2 COMPONENT MANUFACTURERS
  5.4.3 MANUFACTURERS
  5.4.4 END CONSUMERS
FIGURE 17 COOLING TOWER MARKET: VALUE CHAIN
5.5 RAW MATERIAL ANALYSIS
  5.5.1 CONCRETE
  5.5.2 STEEL
  5.5.3 FIBER REINFORCED PLASTIC (FRP)
  5.5.4 POLYVINYL CHLORIDE (PVC)
5.6 TRADE ANALYSIS
  5.6.1 STEEL
TABLE 3 IMPORT TRADE DATA FOR STEEL FOR TOP TEN COUNTRIES, 2016–2020 (USD THOUSAND)
TABLE 4 EXPORT TRADE DATA FOR STEEL FOR TOP TEN COUNTRIES, 2016–2020 (USD THOUSAND)
  5.6.2 POLYVINYL CHLORIDE (PVC)
TABLE 5 IMPORT TRADE DATA FOR PVC FOR TOP TEN COUNTRIES, 2016–2020 (USD THOUSAND)
TABLE 6 EXPORT TRADE DATA FOR PVC FOR TOP TEN COUNTRIES, 2016–2020 (USD THOUSAND)
5.7 ECOSYSTEM MAPPING
FIGURE 18 ECOSYSTEM
TABLE 7 PLA: ECOSYSTEM
5.8 MACROECONOMIC ANALYSIS
TABLE 8 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF
KEY COUNTRIES, 2018–2025
5.9 COVID-19 IMPACT ANALYSIS
  5.9.1 COVID-19 ECONOMIC ASSESSMENT
  5.9.2 EFFECTS ON GDPS OF COUNTRIES
  5.9.3 CONFIRMED CASES AND DEATHS, BY GEOGRAPHY
FIGURE 19 IMPACT OF COVID-19, BASED ON COUNTRY
  5.9.4 IMPACT ON END-USE INDUSTRIES
5.10 CASE STUDY ANALYSIS
  5.10.1 SPX COOLING TECHNOLOGIES
  5.10.2 HAMON CORPORATION
5.11 TECHNOLOGY ANALYSIS
  5.11.1 MODULAR COOLING TOWER
  5.11.2 HDPE COOLING TECHNOLOGY
5.12 TARIFFS & REGULATIONS
  5.12.1 ASIA PACIFIC
  5.12.2 EUROPE
  5.12.3 NORTH AMERICA
    5.12.3.1 US
    5.12.3.2 Canada
5.13 OPERATIONAL DATA
TABLE 9 ELECTRICITY PRODUCTION, BY COUNTRY, 2016–2020 (TERAWATT-HOURS)
5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
FIGURE 20 TRENDS IN COOLING TOWER MARKET
5.15 PRICING TREND ANALYSIS
  5.15.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY APPLICATION
FIGURE 21 AVERAGE SELLING PRICES OF KEY PLAYERS FOR COOLING TOWER APPLICATIONS
TABLE 10 AVERAGE SELLING PRICES OF KEY PLAYERS FOR COOLING TOWER APPLICATIONS (USD/UNIT)
5.16 KEY CONFERENCES & EVENTS IN 2022–2023
TABLE 11 COOLING TOWER MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.17 PATENT ANALYSIS
  5.17.1 METHODOLOGY
  5.17.2 DOCUMENT TYPE
TABLE 12 TOTAL NUMBER OF PATENTS
FIGURE 22 TOTAL NUMBER OF PATENTS
  5.17.3 PUBLICATION TRENDS, 2011-2021
FIGURE 23 NUMBER OF PATENTS YEAR-WISE FROM 2011 TO 2021
  5.17.4 INSIGHTS
  5.17.5 LEGAL STATUS OF PATENTS
FIGURE 24 PATENT ANALYSIS, BY LEGAL STATUS
  5.17.6 JURISDICTION ANALYSIS
FIGURE 25 TOP JURISDICTION – BY DOCUMENT
  5.17.7 TOP COMPANIES/APPLICANTS
FIGURE 26 TOP TEN COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
    5.17.7.1 Patents by Agency Science Tech & Res
TABLE 13 PATENTS BY AGENCY SCIENCE TECH. & RES.
    5.17.7.2 Patents by Jiangsu Seagull Cooling Tower Co. Ltd.
TABLE 14 PATENTS BY JIANGSU SEAGULL COOLING TOWER CO. LTD.
    5.17.7.3 Patents by EVAPCO Inc.
TABLE 15 PATENTS BY EVAPCO INC.
  5.17.8 TOP TEN PATENT OWNERS (US) DURING LAST TEN YEARS
TABLE 16 TOP TEN PATENT OWNERS

6 COOLING TOWER MARKET, BY FLOW TYPE

6.1 INTRODUCTION
6.2 COUNTERFLOW
  6.2.1 VERTICAL DESIGN OF TOWER REQUIRES LESS AREA IN LOW
TONNAGE SYSTEMS
6.3 CROSSFLOW
  6.3.1 CROSSFLOW COOLING TOWER CAN BE CLEANED EASILY

7 COOLING TOWER MARKET, BY TECHNOLOGY

7.1 INTRODUCTION
7.2 OPEN CIRCUIT
  7.2.1 OPEN CIRCUIT INTERFACE USES CONVECTION AS WELL AS
EVAPORATION FOR COOLING
7.3 CLOSE CIRCUIT
  7.3.1 HIGHER UTILIZATION OF CLOSE CIRCUIT COOLING TOWERS
IN FOOD & BEVERAGE INDUSTRY
7.4 HYBRID CIRCUIT
  7.4.1 LOW RISK OF LEGIONELLA OUTBREAK

8 COOLING TOWER MARKET, BY CONSTRUCTION MATERIAL

8.1 INTRODUCTION
8.2 CONCRETE
8.3 FIBER-REINFORCED PLASTIC (FRP)
8.4 WOOD
8.5 STEEL

9 COOLING TOWER MARKET, BY DESIGN

9.1 INTRODUCTION
FIGURE 27 MECHANICAL DRAFT COOLING TOWER TO DRIVE MARKET BETWEEN

2021 AND 2026

TABLE 17 COOLING TOWER MARKET SIZE, BY DESIGN, 2017–2020 (USD MILLION)
TABLE 18 COOLING TOWER MARKET SIZE, BY DESIGN, 2021–2026 (USD MILLION)
9.2 MECHANICAL DRAFT COOLING TOWER
  9.2.1 HIGHER EFFICIENCY AND LOW CONSTRUCTION COST TO DRIVE DEMAND
9.3 NATURAL DRAFT COOLING TOWER
  9.3.1 POWER SAVING PROPERTIES AND LOW MAINTEINANCE COST CONTRIBUTE SIGNIFICANTLY TO MARKET GROWTH

10 COOLING TOWER MARKET, BY TYPE

10.1 INTRODUCTION
FIGURE 28 COOLING TOWER MARKET: EVAPORATIVE COOLING TOWER ACCOUNTED
FOR LARGEST SHARE IN 2020
TABLE 19 COOLING TOWER MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 20 COOLING TOWER MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
10.2 EVAPORATIVE COOLING TOWER
  10.2.1 INCREASING DEMAND IN HVAC APPLICATIONS DRIVING MARKET
10.3 DRY COOLING TOWER
  10.3.1 REQUIREMENT OF COOLING TOWERS FROM WATER-STRESSED COUNTRIES TO BOOST GLOBAL DEMAND
10.4 HYBRID COOLING TOWER
  10.4.1 INCREASED DEMAND FOR HYBRID COOLING TOWER IN POWER GENERATION APPLICATION TO DRIVE MARKET GROWTH

11 COOLING TOWER MARKET, BY APPLICATION

11.1 INTRODUCTION
FIGURE 29 POWER GENERATION APPLICATION TO LEAD COOLING TOWER MARKET DURING FORECAST PERIOD
TABLE 21 COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 22 COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 23 COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 24 COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
11.2 POWER GENERATION
  11.2.1 THERMAL POWER PLANTS
  11.2.2 NUCLEAR POWER PLANTS
11.3 HVACR
  11.3.1 DISTRICT COOLING
  11.3.2 DATA CENTERS
11.4 FOOD & BEVERAGE
  11.4.1 DAIRY
  11.4.2 DISTILLERIES/ BREWERIES
11.5 CHEMICAL
  11.5.1 FERTILIZER MANUFACTURING
  11.5.2 PHARMACEUTICAL INDUSTRY
11.6 PETROCHEMICAL AND OIL & GAS
11.7 OTHERS
  11.7.1 PAPER & PULP INDUSTRY
  11.7.2 MARINE
  11.7.3 IRON FOUNDRIES

12 COOLING TOWER MARKET, BY REGION

12.1 INTRODUCTION
FIGURE 30 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
TABLE 25 COOLING TOWER MARKET SIZE, BY REGION, 2017–2020 (UNITS)
TABLE 26 COOLING TOWER MARKET SIZE, BY REGION, 2021–2026 (UNITS)
TABLE 27 COOLING TOWER MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 28 COOLING TOWER MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
12.2 ASIA PACIFIC
FIGURE 31 ASIA PACIFIC: COOLING TOWER MARKET SNAPSHOT
TABLE 29 ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (UNITS)
TABLE 30 ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (UNITS)
TABLE 31 ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 32 ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 33 ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 34 ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 35 ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 36 ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.2.1 CHINA
    12.2.1.1 Shift in power generation source to drive market
TABLE 37 CHINA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 38 CHINA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 39 CHINA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 40 CHINA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.2.2 INDIA
    12.2.2.1 Foreign investments are likely to impact market growth
TABLE 41 INDIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 42 INDIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 43 INDIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 44 INDIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.2.3 JAPAN
    12.2.3.1 Organizations promoting cooling towers to drive market
TABLE 45 JAPAN: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 46 JAPAN: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 47 JAPAN: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 48 JAPAN: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.2.4 SOUTH KOREA
    12.2.4.1 Investment in energy sources to drive market growth
TABLE 49 SOUTH KOREA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 50 SOUTH KOREA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 51 SOUTH KOREA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 52 SOUTH KOREA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.2.5 REST OF ASIA PACIFIC
TABLE 53 REST OF ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 54 REST OF ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 55 REST OF ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 56 REST OF ASIA PACIFIC: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
12.3 EUROPE
FIGURE 32 EUROPE: COOLING TOWER MARKET SNAPSHOT
TABLE 57 EUROPE: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (UNITS)
TABLE 58 EUROPE: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (UNITS)
TABLE 59 EUROPE: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 60 EUROPE: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 61 EUROPE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 62 EUROPE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 63 EUROPE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 64 EUROPE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.3.1 GERMANY
    12.3.1.1 Large chemical and petrochemical industry to drive cooling
tower market in country
TABLE 65 GERMANY: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 66 GERMANY: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 67 GERMANY: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 68 GERMANY: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.3.2 ITALY
    12.3.2.1 Increasing energy requirements and growth in chemical industries
to drive demand
TABLE 69 ITALY: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 70 ITALY: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 71 ITALY: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 72 ITALY: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.3.3 FRANCE
    12.3.3.1 Expansion in food & beverage industry and shift towards renewable energy production is propelling cooling tower market
TABLE 73 FRANCE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 74 FRANCE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 75 FRANCE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 76 FRANCE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.3.4 SPAIN
    12.3.4.1 Use of cooling towers in oil refineries to drive demand
TABLE 77 SPAIN: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 78 SPAIN: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 79 SPAIN: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 80 SPAIN: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.3.5 UK
    12.3.5.1 Shift towards renewable power generation to create new demands
TABLE 81 UK: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 82 UK: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 83 UK: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 84 UK: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.3.6 RUSSIA
    12.3.6.1 Expansion of oil refineries to meet market demand
TABLE 85 RUSSIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 86 RUSSIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 87 RUSSIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 88 RUSSIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.3.7 REST OF EUROPE
TABLE 89 REST OF EUROPE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 90 REST OF EUROPE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 91 REST OF EUROPE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 92 REST OF EUROPE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
12.4 NORTH AMERICA
FIGURE 33 NORTH AMERICA: COOLING TOWER MARKET SNAPSHOT
TABLE 93 NORTH AMERICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (UNITS)
TABLE 94 NORTH AMERICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (UNITS)
TABLE 95 NORTH AMERICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 96 NORTH AMERICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 97 NORTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 98 NORTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 99 NORTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 100 NORTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.4.1 US
    12.4.1.1 Presence of large number of power plants and oil refineries is propelling market
TABLE 101 US: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 102 US: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 103 US: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 104 US: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.4.2 CANADA
    12.4.2.1 Demand for cooling towers in petrochemical and oil & gas
industry to contribute to market growth
TABLE 105 CANADA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 106 CANADA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 107 CANADA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 108 CANADA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.4.3 MEXICO
    12.4.3.1 Growing oil & gas industry in country to drive market
TABLE 109 MEXICO: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 110 MEXICO: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 111 MEXICO: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 112 MEXICO: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
12.5 MIDDLE EAST & AFRICA
TABLE 113 MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (UNITS)
TABLE 114 MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (UNITS)
TABLE 115 MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 116 MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 117 MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 118 MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 119 MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 120 MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.5.1 SAUDI ARABIA
    12.5.1.1 Significant expansion in petrochemical and oil & gas industry to influence market for cooling tower
TABLE 121 SAUDI ARABIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 122 SAUDI ARABIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 123 SAUDI ARABIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 124 SAUDI ARABIA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.5.2 UAE
    12.5.2.1 Increasing natural gas production to drive market
TABLE 125 UAE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 126 UAE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 127 UAE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 128 UAE: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.5.3 SOUTH AFRICA
    12.5.3.1 Notable increase in energy demand to create market opportunities
TABLE 129 SOUTH AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 130 SOUTH AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 131 SOUTH AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 132 SOUTH AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.5.4 REST OF MIDDLE EAST & AFRICA
TABLE 133 REST OF MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 134 REST OF MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 135 REST OF MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 136 REST OF MIDDLE EAST & AFRICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
12.6 SOUTH AMERICA
TABLE 137 SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (UNITS)
TABLE 138 SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (UNITS)
TABLE 139 SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 140 SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 141 SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 142 SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 143 SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 144 SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.6.1 BRAZIL
    12.6.1.1 Rapid growth in electricity generation and oil & gas production is propelling market
TABLE 145 BRAZIL: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 146 BRAZIL: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 147 BRAZIL: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 148 BRAZIL: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.6.2 ARGENTINA
    12.6.2.1 Increasing electricity demand in country to boost market
TABLE 149 ARGENTINA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 150 ARGENTINA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 151 ARGENTINA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 152 ARGENTINA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
  12.6.3 REST OF SOUTH AMERICA
TABLE 153 REST OF SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
TABLE 154 REST OF SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (UNITS)
TABLE 155 REST OF SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 156 REST OF SOUTH AMERICA: COOLING TOWER MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE

13.1 OVERVIEW
FIGURE 34 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND JOINT VENTURES AS KEY GROWTH STRATEGIES BETWEEN 2017 AND 2021
13.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
FIGURE 35 RANKING OF TOP FIVE PLAYERS IN COOLING TOWER MARKET, 2020
13.3 MARKET SHARE ANALYSIS
FIGURE 36 COOLING TOWER MARKET SHARE, BY COMPANY (2020)
TABLE 157 COOLING TOWER MARKET: DEGREE OF COMPETITION
13.4 MARKET EVALUATION MATRIX
TABLE 158 MARKET EVALUATION MATRIX
13.5 COMPANY EVALUATION MATRIX, 2021 (TIER 1)
  13.5.1 STARS
  13.5.2 EMERGING LEADERS
FIGURE 37 COOLING TOWER MARKET: COMPANY EVALUATION MATRIX, 2020
TABLE 159 COMPANY INDUSTRY FOOTPRINT
TABLE 160 COMPANY REGION FOOTPRINT
13.6 STRENGTH OF STRATEGY EXCELLENCE
FIGURE 38 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN COOLING
TOWER MARKET
13.7 BUSINESS PRODUCT FOOTPRINT
FIGURE 39 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN COOLING
TOWER MARKET
13.8 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
EVALUATION MATRIX
  13.8.1 RESPONSIVE COMPANIES
  13.8.2 STARTING BLOCKS
FIGURE 40 COOLING TOWER MARKET: STARTUP AND SME MATRIX, 2020
13.9 COMPETITIVE SCENARIO
  13.9.1 NEW PRODUCT LAUNCHES
TABLE 161 NEW PRODUCT LAUNCHES, 2017–2021
  13.9.2 DEALS
TABLE 162 COOLING TOWER: DEALS, 2017–2022
  13.9.3 OTHER DEVELOPMENTS
TABLE 163 OTHER DEVELOPMENTS, 2017–2021

14 COMPANY PROFILES

14.1 MAJOR PLAYERS
(Business Overview, Products/solutions/services offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
  14.1.1 BALTIMORE AIRCOIL COMPANY INC.
TABLE 164 BALTIMORE AIRCOIL COMPANY INC.: COMPANY OVERVIEW
TABLE 165 BALTIMORE AIRCOIL COMPANY INC.: PRODUCT OFFERINGS
TABLE 166 BALTIMORE AIRCOIL COMPANY INC.: NEW PRODUCT LAUNCHES
TABLE 167 BALTIMORE AIRCOIL COMPANY INC.: DEALS
  14.1.2 HAMON & CIE
TABLE 168 HAMON & CIE: COMPANY OVERVIEW
FIGURE 41 HAMON & CIE: COMPANY SNAPSHOT
TABLE 169 HAMON & CIE: PRODUCT OFFERINGS
TABLE 170 HAMON & CIE: DEALS
  14.1.3 SPX CORPORATION
TABLE 171 SPX CORPORATION: COMPANY OVERVIEW
FIGURE 42 SPX CORPORATION: COMPANY SNAPSHOT
TABLE 172 SPX CORPORATION: PRODUCT OFFERINGS
TABLE 173 SPX CORPORATION: DEALS
  14.1.4 JOHNSON CONTROLS
TABLE 174 JOHNSON CONTROLS: COMPANY OVERVIEW
TABLE 175 JOHNSON CONTROLS: PRODUCT OFFERINGS
TABLE 176 JOHNSON CONTROLS: DEALS
  14.1.5 EVAPCO, INC.
TABLE 177 EVAPCO, INC.: COMPANY OVERVIEW
TABLE 178 EVAPCO, INC.: PRODUCT OFFERINGS
TABLE 179 EVAPCO, INC.: NEW PRODUCT LAUNCHES
TABLE 180 EVAPCO, INC.: OTHER DEVELOPMENTS
  14.1.6 ARTECH COOLING TOWERS PVT. LTD.
TABLE 181 ARTECH COOLING TOWERS PVT. LTD.: COMPANY OVERVIEW
TABLE 182 ARTECH COOLING TOWERS PVT. LTD.: PRODUCT OFFERINGS
  14.1.7 BABCOCK & WILCOX ENTERPRISES INC.
TABLE 183 BABCOCK & WILCOX ENTERPRISES INC.: COMPANY OVERVIEW
TABLE 184 BABCOCK & WILCOX ENTERPRISES INC.: PRODUCT OFFERINGS
  14.1.8 BRENTWOOD INDUSTRIES, INC.
TABLE 185 BRENTWOOD INDUSTRIES, INC.: COMPANY OVERVIEW
TABLE 186 BRENTWOOD INDUSTRIES, INC.: PRODUCT OFFERINGS
TABLE 187 BRENTWOOD INDUSTRIES, INC.: DEALS
  14.1.9 ENEXIO
TABLE 188 ENEXIO: COMPANY OVERVIEW
TABLE 189 ENEXIO: PRODUCT OFFERINGS
TABLE 190 ENEXIO: DEALS
  14.1.10 PAHARPUR COOLING TOWER LIMITED
TABLE 191 PAHARPUR COOLING TOWER LIMITED: COMPANY OVERVIEW
TABLE 192 PAHARPUR COOLING TOWER LIMITED: PRODUCT OFFERINGS
14.2 OTHER KEY COMPANIES
  14.2.1 AMCOT COOLING TOWER CORPORATION
  14.2.2 BELL COOLING TOWER
  14.2.3 BOLDROCCHI T.E. SRL
  14.2.4 DONGHAE
  14.2.5 HACST (HENG AN)
  14.2.6 MARLEY FLOW CONTROL PTY LTD
  14.2.7 MITA COOLING TECHNOLOGIES SRL.
  14.2.8 NIHON SPINDLE MANUFACTURING CO. LTD.
  14.2.9 PERFECT COOLING TOWERS PVT. LTD.
  14.2.10 STAR COOLING TOWERS PVT. LTD.
  14.2.11 THERMAL CARE, INC.
  14.2.12 THERMAX LIMITED
  14.2.13 TOWER THERMAL PTY. LTD.
  14.2.14 UNITED METAL PRODUCTS
  14.2.15 ZHEJIANG AOSHUAI REFRIGERATION CO., LTD
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.

15 APPENDIX

15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS


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