• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Cooling Tower Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global cooling tower market grew at a CAGR of around 5% during 2014-2019. A cooling tower is a heat removal device that relies on water for transferring the waste heat into the atmosphere. It offers various advantages, such as water conservation, optimal cooling, cost-effectiveness, energy efficiency, resistance against corrosion, ease of installation, longer service life, high structural strength and reduced noise pollution. As a result, it finds extensive applications in heating, ventilation, and air conditioning (HVAC) systems, petroleum refineries, cold storage units, electric power generation and food processing plants. Besides this, it is also used to provide comfort cooling in large commercial buildings, such as airports, schools, hospitals and hotels, etc.

Cooling Tower Market Drivers:

The demand for electricity is steadily escalating around the world, owing to inflating disposable incomes, increasing electrification in various sectors and rising sales of consumer electronics. This represents one of the major factors impelling the global cooling tower market growth. Moreover, as governments of numerous countries are implementing stringent environmental regulations, there is an increase in the adoption of nuclear power plants, which, in turn, is further driving the market growth. Apart from this, the rising utilization of HVAC systems on account of the upcoming construction activities is positively influencing the demand for cooling towers. Furthermore, the incorporation of 3D TRASAR technology to detect, determine and deliver improved scale, corrosion and microbiological performance of the cooling tower systems, is expected to expand their applications across various industries in the coming years. However, as the spread of the coronavirus disease (COVID-19) has led to the temporary shutdown of manufacturing and industrial plants as well as construction activities, the demand for cooling towers is expected to be impacted in the upcoming years. Looking forward, IMARC Group expects the global cooling tower market to exhibit moderate growth during 2020-2025.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cooling tower market, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on tower type, flow type, design, construction material, end user and region.

Breakup by Tower Type:

  • Open-Circuit Cooling Towers
  • Closed-Circuit Cooling Towers
  • Hybrid Cooling Towers
     

Breakup by Flow Type:

  • Cross Flow
  • Counter Flow
     

Breakup by Design:

  • Mechanical Draft Cooling Tower
  • Natural Draft Cooling Tower
     

Breakup by Construction Material:

  • Fiber-Reinforced Plastic (FRP)
  • Steel
  • Concrete
  • Wood
  • High-Density Polyethylene (HDPE)
  • Others
     

Breakup by End-User:

  • Chemical
  • HVAC
  • Petrochemicals and Oil & Gas
  • Power Generation
  • Food and Beverages
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Babcock & Wilcox Enterprises Inc., Baltimore Aircoil Company Inc. (Amsted Industries Inc.), Brentwood Industries Inc., Delta Cooling Towers, Inc., ENEXIO Management GmbH, Hamon Corporation (Hamon & Cie), International Cooling Tower Inc., Johnson Controls Inc., SPX Cooling Technologies Inc., Reymsa Cooling Towers Inc., Thermal Care Inc. (IPEG Inc.), Thermax Limited (RDA Holdings Private Limited), etc.

Key Questions Answered in This Report:

  • How has the global cooling tower market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global cooling tower market?
  • What is the breakup of the market based on the tower type?
  • What is the breakup of the market based on the flow type?
  • What is the breakup of the market based on the design?
  • What is the breakup of the market based on the construction material?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global cooling tower market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Cooling Tower Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Tower Type
    6.1    Open-Circuit Cooling Towers
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Closed-Circuit Cooling Towers
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Hybrid Cooling Towers
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Flow Type
    7.1    Cross Flow
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Counter Flow
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Design
    8.1    Mechanical Draft Cooling Tower
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Natural Draft Cooling Tower
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Construction Material
    9.1    Fiber-Reinforced Plastic (FRP)
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Steel
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Concrete
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Wood
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    High-Density Polyethylene (HDPE)
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by End-User
    10.1    Chemical
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    HVAC
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Petrochemicals and Oil & Gas
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Power Generation
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Food and Beverages
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12     SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Babcock & Wilcox Enterprises Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
        16.3.2    Baltimore Aircoil Company Inc. (Amsted Industries Inc.)
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Brentwood Industries Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
        16.3.4    Delta Cooling Towers Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
        16.3.5    ENEXIO Management GmbH
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
        16.3.6    Hamon Corporation (Hamon & Cie)
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
        16.3.7    International Cooling Tower Inc.
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio 
        16.3.8    Johnson Controls Inc.
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
        16.3.9    SPX Cooling Technologies Inc.
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio 
        16.3.10    Reymsa Cooling Towers Inc.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 
        16.3.11    Thermal Care Inc. (IPEG Inc.)
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio 
        16.3.12    Thermax Limited (RDA Holdings Private Limited)
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio 


List of Figures

Figure 1: Global: Cooling Tower Market: Major Drivers and Challenges
Figure 2: Global: Cooling Tower Market: Sales Value (in Million US$), 2014-2019
Figure 3: Global: Cooling Tower Market: Breakup by Tower Type (in %), 2019
Figure 4: Global: Cooling Tower Market: Breakup by Flow Type (in %), 2019
Figure 5: Global: Cooling Tower Market: Breakup by Design (in %), 2019
Figure 6: Global: Cooling Tower Market: Breakup by Construction Material (in %), 2019
Figure 7: Global: Cooling Tower Market: Breakup by End-User (in %), 2019
Figure 8: Global: Cooling Tower Market: Breakup by Region (in %), 2019
Figure 9: Global: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Cooling Tower (Open-Circuit) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Cooling Tower (Open-Circuit) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Cooling Tower (Closed-Circuit) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Cooling Tower (Closed-Circuit) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Cooling Tower (Hybrid) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Cooling Tower (Hybrid) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Cooling Tower (Cross Flow) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Cooling Tower (Cross Flow) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Cooling Tower (Counter Flow) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Cooling Tower (Counter Flow) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Cooling Tower (Mechanical Draft) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Cooling Tower (Mechanical Draft) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Cooling Tower (Natural Draft) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Cooling Tower (Natural Draft) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Cooling Tower (Fiber-Reinforced Plastic-FRP) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Cooling Tower (Fiber-Reinforced Plastic-FRP) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Cooling Tower (Steel) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Cooling Tower (Steel) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Cooling Tower (Concrete) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Cooling Tower (Concrete) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Cooling Tower (Wood) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Cooling Tower (Wood) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Cooling Tower (High-Density Polyethylene-HDPE) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Cooling Tower (High-Density Polyethylene-HDPE) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Cooling Tower (Other Construction Materials) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Cooling Tower (Other Construction Materials) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Cooling Tower (Chemical) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Cooling Tower (Chemical) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Cooling Tower (HVAC) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Cooling Tower (HVAC) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Cooling Tower (Petrochemicals and Oil & Gas) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Cooling Tower (Petrochemicals and Oil & Gas) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Global: Cooling Tower (Power Generation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Global: Cooling Tower (Power Generation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Global: Cooling Tower (Food and Beverages) Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Global: Cooling Tower (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Global: Cooling Tower (Other End-Users) Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Global: Cooling Tower (Other End-Users) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: North America: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: North America: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: United States: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: United States: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Canada: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Canada: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Asia Pacific: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Asia Pacific: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: China: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: China: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Japan: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Japan: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: India: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: India: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: South Korea: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: South Korea: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Australia: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Australia: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Indonesia: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Indonesia: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Others: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Others: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Europe: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Europe: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Germany: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Germany: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: France: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: France: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: United Kingdom: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: United Kingdom: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Italy: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Italy: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Spain: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Spain: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Russia: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Russia: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Others: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Others: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Latin America: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Latin America: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Brazil: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Brazil: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: Mexico: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: Mexico: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Others: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 94: Others: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 95: Middle East and Africa: Cooling Tower Market: Sales Value (in Million US$), 2014 & 2019
Figure 96: Middle East and Africa: Cooling Tower Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 97: Global: Cooling Tower Industry: SWOT Analysis
Figure 98: Global: Cooling Tower Industry: Value Chain Analysis
Figure 99: Global: Cooling Tower Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Cooling Tower Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Cooling Tower Market Forecast: Breakup by Tower Type (in Million US$), 2020-2025
Table 3: Global: Cooling Tower Market Forecast: Breakup by Flow Type (in Million US$), 2020-2025
Table 4: Global: Cooling Tower Market Forecast: Breakup by Design (in Million US$), 2020-2025
Table 5: Global: Cooling Tower Market Forecast: Breakup by Construction Material (in Million US$), 2020-2025
Table 6: Global: Cooling Tower Market Forecast: Breakup by End-User (in Million US$), 2020-2025
Table 7: Global: Cooling Tower Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: Global: Cooling Tower Market Structure
Table 9: Global: Cooling Tower Market: Key Players

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