Cooling Tower Market - Global Forecast to 2029
| 出版 | MarketsandMarkets |
| 出版年月 | 2024年7月 |
| ページ数 | 261 |
| 図表数 | 328 |
| 価格タイプ | シングルユーザライセンス |
| 価格 | USD 4,950 |
| 種別 | 英文調査報告書 |
Report Overview
The cooling tower market size is projected to grow from USD 3.0 billion in 2024 to USD 3.9 billion by 2029, registering a CAGR of 5.3% during the forecast period.
冷却塔の市場規模は、2024年の30億米ドルから2029年までに39億米ドルに成長すると予測されており、予測期間中に5.3%のCAGRを記録します。
The global cooling tower market is witnessing growth due to the rising investment in industrial facilities and the need for advanced cooling systems to enhance operational efficiency. Increased focus on reducing industrial carbon footprints is pushing the adoption of eco-friendly cooling towers. Additionally, the development of smart cities and modern infrastructure demands reliable and sophisticated cooling solutions.
“Dry is projected to be the second fastest growing segment by type in terms of value.”
Dry is projected to be the second fastest growing segment in the cooling tower market due to several factors. As industries face increasing pressure to adopt sustainable practices, dry cooling towers offer a compelling solution by eliminating the need for water evaporation in the cooling process. Furthermore, advancements in dry cooling technology, such as enhanced heat transfer capabilities and improved system efficiency, are driving their adoption across a wide range of applications, including power generation, petrochemicals, and data centers.
“Mechanical draft to be the fastest growing segment by design in terms of value.”
Mechanical design cooling towers are poised for rapid growth in the global market due to their robust construction and ability to provide efficient cooling in diverse applications. Their flexible design allows for customization to meet specific cooling requirements, making them attractive to industries seeking tailored solutions. Furthermore, innovations in fan technology and control systems are enhancing the performance and reliability of mechanical cooling towers, driving their adoption in critical sectors such as data centers, petrochemicals, and food processing.
“HVACR accounted for the second largest share in the application segment of cooling tower market in terms of value.”
With the HVACR sector being indispensable for maintaining comfortable indoor environments and preserving perishable goods, cooling towers play a crucial role in regulating temperatures and ensuring optimal system performance. Whether in commercial buildings, industrial facilities, or residential complexes, HVACR systems rely on efficient cooling solutions to manage heat generated by air conditioning units and refrigeration systems. As urbanization and infrastructure development accelerate globally, the demand for HVACR solutions, and consequently cooling towers, continues to rise, solidifying its significant contribution to the overall cooling tower market.
“Europe is the third-largest market for cooling tower.”
Europe holds a significant position as the third-largest region in the global cooling tower market, driven by its unique blend of industrial innovation and environmental consciousness. With a diverse range of sectors, from technology to agriculture, Europe’s demand for cooling towers reflects a commitment to enhancing operational efficiency and minimizing environmental impact. Moreover, the region’s emphasis on precision engineering and cutting-edge technology fosters a culture of continuous improvement, driving the adoption of advanced cooling solutions. Additionally, Europe’s strategic geographical location and interconnected markets facilitate collaboration and knowledge exchange, further propelling the growth of the cooling tower market in the region.
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 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%
• By Region: North America – 20%, Europe – 20%, APAC – 40%, South America- 10% , and
the Middle East & Africa –10%
The cooling tower market comprises major players such as Baltimore Aircoil Company Inc. (US), John Cockerill (Belgium), SPX Technologies (US), Ebara Corporation (Japan), Evapco, Inc. (US), Krones AG (Germany), Babcock & Wilcox Enterprises Inc. (US), Seagull Cooling Tower Co., Ltd (Malaysia), Enexio (Germany), and Paharpur Cooling Tower Limited (India). The study includes in-depth competitive analysis of these key players in the cooling tower market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This report segments the market for cooling tower market on the basis of type, design, construction material, flow type, technology, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for cooling tower market.
Key benefits of buying this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the cooling tower market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the cooling tower market offered by top players in the global cooling tower market.
• Analysis of drivers: (Growing Interest from Developing Markets in the Asia-Pacific Region, Heightened Demand for Cooling Towers Driven by Stringent Environmental Regulations, Increase in HVACR Installations and Expansion of Industrial Operations, and Advancements Redefining the Cooling Tower Industry), restraints (Moderate Expansion in Europe and North America), opportunities (Increasing Demand from the Nuclear Power Generation Industry, and challenges (High Water Consumption Requirements, Frequent Corrosion Reducing System Performance)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the cooling tower market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for cooling tower market across regions.
• Market Capacity: Production capacities of companies producing cooling tower are provided wherever available with upcoming capacities for the cooling tower market.
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the cooling tower market.
Table of Contents
1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 35
1.3 STUDY SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 COOLING TOWER MARKET SEGMENTATION 36
1.3.2 INCLUSIONS AND EXCLUSIONS 36
TABLE 1 COOLING TOWER MARKET: INCLUSIONS AND EXCLUSIONS 36
1.3.3 REGIONAL SCOPE 37
1.3.4 YEARS CONSIDERED 38
1.4 CURRENCY CONSIDERED 38
1.5 UNITS CONSIDERED 38
1.6 STAKEHOLDERS 38
1.7 SUMMARY OF CHANGES 39
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 2 COOLING TOWER MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 42
2.1.1.1 List of major secondary sources 42
2.1.1.2 Key data from secondary sources 42
2.1.2 PRIMARY DATA 43
2.1.2.1 Key data from primary sources 43
2.1.2.2 Key industry insights 44
2.1.2.3 Breakdown of primary interviews 44
2.2 MARKET SIZE ESTIMATION 45
FIGURE 3 MARKET SIZE ESTIMATION APPROACH: DEMAND SIDE 45
2.2.1 BOTTOM-UP APPROACH 45
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 46
2.2.2 TOP-DOWN APPROACH 46
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 46
2.3 DATA TRIANGULATION 47
FIGURE 6 DATA TRIANGULATION 47
2.4 RESEARCH ASSUMPTIONS 48
2.5 FORECAST 48
2.5.1 SUPPLY-SIDE ANALYSIS 48
2.5.2 DEMAND-SIDE ANALYSIS 48
2.6 RESEARCH LIMITATIONS 49
2.7 RISK ASSESSMENT 49
3 EXECUTIVE SUMMARY 50
FIGURE 7 COUNTERFLOW SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029 50
FIGURE 8 STEEL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 51
FIGURE 9 POWER GENERATION SEGMENT TO DOMINATE MARKET BETWEEN 2024 AND 2029 51
FIGURE 10 ASIA PACIFIC LED COOLING TOWER MARKET IN 2023 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COOLING TOWER MARKET 53
FIGURE 11 RISING DEMAND FOR COOLING TOWERS FROM VARIOUS INDUSTRIES IN EMERGING ECONOMIES TO DRIVE MARKET 53
4.2 COOLING TOWER MARKET, BY DESIGN 53
FIGURE 12 MECHANICAL DRAFT SEGMENT TO ACCOUNT FOR LARGER SHARE OF COOLING TOWER MARKET IN 2029 53
4.3 COOLING TOWER MARKET, BY TYPE 54
FIGURE 13 EVAPORATIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF COOLING TOWER MARKET IN 2029 54
4.4 COOLING TOWER MARKET, BY APPLICATION AND REGION, 2023 54
FIGURE 14 POWER GENERATION SEGMENT AND ASIA PACIFIC ACCOUNTED FOR LARGEST SHARES OF COOLING TOWER MARKET IN 2023 54
4.5 COOLING TOWER MARKET, BY COUNTRY 55
FIGURE 15 INDIA TO BE FASTEST-GROWING COOLING TOWER MARKET DURING FORECAST PERIOD 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
FIGURE 16 COOLING TOWER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 56
5.2.1 DRIVERS 57
5.2.1.1 Increased demand for cooling towers in developing economies of Asia Pacific 57
5.2.1.2 Implementation of stringent government-led environmental regulations 57
5.2.1.3 Rise in heating, ventilation, air conditioning, and refrigeration (HVAR) system installations and industrial operations 58
5.2.1.4 Advancements in cooling towers 58
5.2.2 RESTRAINTS 59
5.2.2.1 Moderate demand for cooling towers in Europe and North America 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Increasing demand for cooling towers in nuclear industry 59
TABLE 2 NUCLEAR ENERGY CONSUMPTION, BY REGION, 2018–2022 (EXAJOULES) 60
5.2.4 CHALLENGES 60
5.2.4.1 High water consumption for cooling 60
5.2.4.2 Decline in system performance attributed to frequent corrosion 60
5.3 PORTER’S FIVE FORCES ANALYSIS 61
FIGURE 17 COOLING TOWER MARKET: PORTER’S FIVE FORCES ANALYSIS 61
TABLE 3 COOLING TOWER MARKET: PORTER’S FIVE FORCES ANALYSIS 61
5.3.1 BARGAINING POWER OF SUPPLIERS 62
5.3.2 BARGAINING POWER OF BUYERS 62
5.3.3 THREAT OF SUBSTITUTES 62
5.3.4 THREAT OF NEW ENTRANTS 62
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 63
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 63
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 63
FIGURE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 63
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%) 63
5.4.2 BUYING CRITERIA 64
FIGURE 19 KEY BUYING CRITERIA, BY APPLICATION 64
TABLE 5 KEY BUYING CRITERIA, BY APPLICATION 64
5.5 MACROECONOMIC INDICATORS 64
5.5.1 GLOBAL GDP TRENDS 64
TABLE 6 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2021–2029 65
5.6 VALUE CHAIN ANALYSIS 65
FIGURE 20 COOLING TOWER MARKET: VALUE CHAIN ANALYSIS 66
5.7 ECOSYSTEM ANALYSIS 67
FIGURE 21 COOLING TOWER MARKET: ECOSYSTEM ANALYSIS 67
TABLE 7 ROLES OF COMPANIES IN COOLING TOWER ECOSYSTEM 68
5.8 CASE STUDY ANALYSIS 68
5.8.1 BALTIMORE AIRCOIL COMPANY, INC.’S “CS REPLACEMENT FILL 20211215” GUIDE HELPS CUSTOMERS REPLACE COOLING TOWER FILLS BY PROVIDING DETAILED INSTRUCTIONS AND RECOMMENDATIONS 68
5.8.2 PAHARPUR COOLING TOWERS LTD. INSTALLS GREENPRO-CERTIFIED LOW-APPROACH COOLING TOWERS AT TAJ PALACE AND TAJ EXOTICA TO LOWER ENERGY CONSUMPTION 69
5.8.3 REALITEQ PROVIDES COMMUNICATION, INTEGRATION, AND OPERATING SCREENS FOR REMOTE MONITORING AND CONTROL SYSTEMS 69
5.9 REGULATORY LANDSCAPE 70
5.9.1 REGULATORY BODIES, GOVERNMENT BODIES, AND OTHER ORGANIZATIONS 70
TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 9 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
5.9.2 REGULATIONS 71
5.9.2.1 Asia Pacific 71
5.9.2.2 Europe 72
5.9.2.3 North America 73
5.10 TECHNOLOGY ANALYSIS 74
5.10.1 KEY TECHNOLOGY 74
5.10.1.1 Modular cooling tower 74
5.10.2 COMPLEMENTARY TECHNOLOGY 74
5.10.2.1 HDPE cooling technology 74
5.10.3 ADJACENT TECHNOLOGY 74
5.10.3.1 Renewable energy integration 74
5.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 75
FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 75
5.12 TRADE ANALYSIS 75
5.12.1 STEEL 75
5.12.1.1 Import scenario (HS code 732690) 75
TABLE 11 IMPORT DATA RELATED TO HS CODE 732690-COMPLIANT PRODUCTS FOR TOP COUNTRIES, 2019–2023 (USD THOUSAND) 76
5.12.1.2 Export scenario (HS code 732690) 76
TABLE 12 EXPORT DATA RELATED TO HS CODE 732690-COMPLIANT PRODUCTS FOR TOP COUNTRIES, 2019–2023 (USD THOUSAND) 76
5.12.2 POLYVINYL CHLORIDE (PVC) 77
5.12.2.1 Import scenario (HS code 390410) 77
TABLE 13 IMPORT DATA RELATED TO HS CODE 390410-COMPLIANT PRODUCTS FOR TOP COUNTRIES, 2019–2023 (USD THOUSAND) 77
5.12.2.2 Export scenario (HS code 390410) 78
TABLE 14 EXPORT DATA RELATED TO HS CODE 390410-COMPLIANT PRODUCTS FOR TOP COUNTRIES, 2019–2023 (USD THOUSAND) 78
5.13 KEY CONFERENCES AND EVENTS, 2024–2025 78
TABLE 15 COOLING TOWER MARKET: KEY CONFERENCES AND EVENTS, 2024–2025 78
5.14 PRICING ANALYSIS 79
5.14.1 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY DESIGN 79
TABLE 16 AVERAGE SELLING PRICE (ASP) TREND OF COOLING TOWERS OFFERED BY KEY PLAYERS, BY DESIGN (USD/UNIT) 79
5.14.2 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY TYPE 80
TABLE 17 AVERAGE SELLING PRICE (ASP) TREND OF COOLING TOWERS OFFERED BY KEY PLAYERS, BY TYPE (USD/UNIT) 80
5.14.3 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY APPLICATION 80
TABLE 18 AVERAGE SELLING PRICE (ASP) TREND OF COOLING TOWERS OFFERED BY KEY PLAYERS, BY APPLICATION (USD/UNIT) 80
5.14.4 AVERAGE SELLING PRICE (ASP) TREND, BY REGION 80
FIGURE 23 AVERAGE SELLING PRICE (ASP) TREND OF COOLING TOWERS, BY REGION, 2022, 2023, 2026, AND 2029 (USD/UNIT) 80
5.15 INVESTMENT AND FUNDING SCENARIO 81
FIGURE 24 INVESTMENT AND FUNDING SCENARIO, 2019–2023 (USD MILLION) 81
5.16 IMPACT OF GENERATIVE AI AND AI ON COOLING TOWER MARKET 81
5.16.1 ADOPTION OF GENERATIVE AI FOR THERMAL MANAGEMENT IN TOP COUNTRIES 81
FIGURE 25 GENERATIVE AI ADOPTION FOR THERMAL MANAGEMENT IN TOP COUNTRIES 82
5.16.2 IMPACT OF AI ON COOLING TOWER MARKET 83
FIGURE 26 IMPACT OF AI ON COOLING TOWER MARKET 83
5.17 PATENT ANALYSIS 84
5.17.1 INTRODUCTION 84
5.17.2 METHODOLOGY 84
5.17.3 PATENT TYPE 84
FIGURE 27 LIMITED PATENTS ACCOUNTED FOR SIGNIFICANT SHARE OF TOTAL PATENTS RELATED TO COOLING TOWERS, 2013–2023 85
5.17.4 PUBLICATION TRENDS 85
FIGURE 28 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2023 85
5.17.5 INSIGHTS 85
5.17.6 JURISDICTION ANALYSIS 86
FIGURE 29 JURISDICTION ANALYSIS 86
5.17.7 TOP 10 COMPANIES 86
FIGURE 30 APPLICANT ANALYSIS, 2013–2023 86
TABLE 19 PATENTS BY CNPC 87
TABLE 20 PATENTS BY XI’AN THERMAL POWER RESEARCH INSTITUTE CO., LTD. 87
TABLE 21 PATENTS BY SHANDONG LANXIANG ENVIRONMENTAL TECHNOLOGY CO., LTD. 88
TABLE 22 TOP 10 PATENT OWNERS IN LAST 10 YEARS 88
6 COOLING TOWER MARKET, BY FLOW TYPE 89
6.1 INTRODUCTION 90
FIGURE 31 COUNTERFLOW SEGMENT TO HOLD LARGER MARKET SHARE IN 2024 90
TABLE 23 COOLING TOWER MARKET, BY FLOW TYPE, 2021–2023 (USD MILLION) 90
TABLE 24 COOLING TOWER MARKET, BY FLOW TYPE, 2024–2029 (USD MILLION) 90
6.2 COUNTERFLOW 91
6.2.1 REQUIREMENT FOR LESS SPACE DUE TO VERTICAL TOWER CONSTRUCTION TO DRIVE DEMAND 91
6.2.1.1 Key advantages of counterflow cooling towers 91
6.3 CROSSFLOW 91
6.3.1 EASY CLEANING AND OPERATING FEATURES TO FUEL DEMAND 91
7 COOLING TOWER MARKET, BY TECHNOLOGY 92
7.1 INTRODUCTION 93
FIGURE 32 OPEN CIRCUIT SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 93
TABLE 25 COOLING TOWER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 93
TABLE 26 COOLING TOWER MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 93
7.2 OPEN CIRCUIT 94
7.2.1 GROWING USE IN CIVIL AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET 94
7.3 CLOSE CIRCUIT 94
7.3.1 HIGH USE IN FOOD & BEVERAGES INDUSTRY TO FUEL MARKET GROWTH 94
7.4 HYBRID CIRCUIT 94
7.4.1 LOW ENERGY CONSUMPTION AND MAINTENANCE COSTS TO DRIVE DEMAND 94
8 COOLING TOWER MARKET, BY CONSTRUCTION MATERIAL 95
8.1 INTRODUCTION 96
FIGURE 33 STEEL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 96
TABLE 27 COOLING TOWER MARKET, BY CONSTRUCTION MATERIAL, 2021–2023 (USD MILLION) 96
TABLE 28 COOLING TOWER MARKET, BY CONSTRUCTION MATERIAL, 2024–2029 (USD MILLION) 97
8.2 CONCRETE 97
8.2.1 RISING DEMAND IN POWER GENERATION, PETROCHEMICALS, AND CHEMICALS INDUSTRIES TO PROPEL MARKET 97
8.3 FIBER-REINFORCED PLASTIC (FRP) 97
8.3.1 LIGHTWEIGHT, HIGH STRENGTH, FLEXIBILITY, AND CHEMICAL RESISTANCE PROPERTIES TO DRIVE DEMAND 97
8.4 WOOD 98
8.4.1 SIGNIFICANT USE TO CONSTRUCT MECHANICAL AND NATURAL DRAFT COOLING TOWERS TO DRIVE MARKET 98
8.5 STEEL 98
8.5.1 HIGH USE OF STEEL IN MANUFACTURING OF COOLING TOWERS TO DRIVE MARKET 98
9 COOLING TOWER MARKET, BY DESIGN 99
9.1 INTRODUCTION 100
FIGURE 34 MECHANICAL DRAFT SEGMENT TO HOLD LARGER MARKET SHARE IN 2024 100
TABLE 29 COOLING TOWER MARKET, BY DESIGN, 2021–2023 (USD MILLION) 100
TABLE 30 COOLING TOWER MARKET, BY DESIGN, 2024–2029 (USD MILLION) 100
9.2 MECHANICAL DRAFT 101
9.2.1 HIGHER EFFICIENCY THAN NATURAL DRAFT COOLING TOWERS TO DRIVE DEMAND 101
9.3 NATURAL DRAFT 101
9.3.1 LOW MAINTENANCE COSTS AND POWER-SAVING FEATURES TO FUEL DEMAND 101
10 COOLING TOWER MARKET, BY TYPE 102
10.1 INTRODUCTION 103
FIGURE 35 EVAPORATIVE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 103
TABLE 31 COOLING TOWER MARKET, BY TYPE, 2021–2023 (USD MILLION) 103
TABLE 32 COOLING TOWER MARKET, BY TYPE, 2024–2029 (USD MILLION) 104
10.2 EVAPORATIVE 104
10.2.1 RAPID INDUSTRIALIZATION AND RISING INSTALLATION OF DIRECT AND INDIRECT EVAPORATIVE COOLING SYSTEMS TO DRIVE MARKET 104
10.3 DRY 105
10.3.1 HIGH DEMAND FOR DRY COOLING TOWERS IN HVACR AND FOOD & BEVERAGE INDUSTRIES TO FUEL MARKET GROWTH 105
10.4 HYBRID 105
10.4.1 GROWING NEED FOR HYBRID COOLING TOWERS IN POWER GENERATION APPLICATIONS TO PROPEL MARKET 105
11 COOLING TOWER MARKET, BY APPLICATION 107
11.1 INTRODUCTION 108
FIGURE 36 POWER GENERATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 108
TABLE 33 COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 109
TABLE 34 COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 110
TABLE 35 COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 111
TABLE 36 COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 112
11.2 POWER GENERATION 113
11.2.1 HIGH ADOPTION OF COOLING TOWERS IN POWER INDUSTRY TO DRIVE MARKET 113
11.2.1.1 Thermal power plants 113
11.2.1.2 Nuclear power plants 114
11.2.1.3 Other power generation applications 114
11.3 HVACR 114
11.3.1 GROWING DEPLOYMENT OF HVACR SYSTEMS IN COMMERCIAL BUILDINGS TO FUEL DEMAND 114
11.3.1.1 District cooling 115
11.3.1.2 Data centers 115
11.3.1.3 Other HVACR applications 115
11.4 FOOD & BEVERAGE 115
11.4.1 INCREASING INSTALLATION OF COOLING TOWERS TO PREVENT OVERHEATING AND MAINTAIN HYGIENE TO DRIVE MARKET 115
11.4.1.1 Dairy 115
11.4.1.2 Distilleries/Breweries 116
11.4.1.3 Other food & beverage applications 116
11.5 CHEMICAL 116
11.5.1 RISING DEPLOYMENT OF COOLING TOWERS TO CONTROL EXCESS HEAT AND MAINTAIN DESIRED TEMPERATURE INSIDE PLANTS TO FUEL MARKET GROWTH 116
11.5.1.1 Fertilizer manufacturing 116
11.5.1.2 Pharmaceutical manufacturing 116
11.5.1.3 Other chemical applications 117
11.6 PETROCHEMICAL AND OIL & GAS 117
11.6.1 INCREASING REQUIREMENT FOR LARGE COOLING SYSTEMS TO DRIVE DEMAND 117
11.7 OTHERS 117
11.7.1 PAPER & PULP MILLS 117
11.7.2 MARINE INDUSTRY 117
11.7.3 IRON FOUNDRIES 117
12 COOLING TOWER MARKET, BY REGION 118
12.1 INTRODUCTION 119
FIGURE 37 INDIA TO REGISTER HIGHEST CAGR IN COOLING TOWER MARKET DURING FORECAST PERIOD 119
TABLE 37 COOLING TOWER MARKET, BY REGION, 2021–2023 (USD MILLION) 119
TABLE 38 COOLING TOWER MARKET, BY REGION, 2024–2029 (USD MILLION) 120
TABLE 39 COOLING TOWER MARKET, BY REGION, 2021–2023 (UNITS) 120
TABLE 40 COOLING TOWER MARKET, BY REGION, 2024–2029 (UNITS) 120
12.2 ASIA PACIFIC 121
12.2.1 GROWTH OF ASIA PACIFIC MARKET 121
FIGURE 38 ASIA PACIFIC: COOLING TOWER MARKET SNAPSHOT 122
TABLE 41 ASIA PACIFIC: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 122
TABLE 42 ASIA PACIFIC: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 123
TABLE 43 ASIA PACIFIC: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (UNITS) 123
TABLE 44 ASIA PACIFIC: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (UNITS) 123
TABLE 45 ASIA PACIFIC: COOLING TOWER MARKET, BY FLOW TYPE, 2021–2023 (USD MILLION) 124
TABLE 46 ASIA PACIFIC: COOLING TOWER MARKET, BY FLOW TYPE, 2024–2029 (USD MILLION) 124
TABLE 47 ASIA PACIFIC: COOLING TOWER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 124
TABLE 48 ASIA PACIFIC: COOLING TOWER MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 124
TABLE 49 ASIA PACIFIC: COOLING TOWER MARKET, BY DESIGN, 2021–2023 (USD MILLION) 124
TABLE 50 ASIA PACIFIC: COOLING TOWER MARKET, BY DESIGN, 2024–2029 (USD MILLION) 125
TABLE 51 ASIA PACIFIC: COOLING TOWER MARKET, BY TYPE, 2021–2023 (USD MILLION) 125
TABLE 52 ASIA PACIFIC: COOLING TOWER MARKET, BY TYPE, 2024–2029 (USD MILLION) 125
TABLE 53 ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 126
TABLE 54 ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 127
TABLE 55 ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 128
TABLE 56 ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 129
12.2.2 CHINA 129
12.2.2.1 Shift in power generation source from coal to natural gas and nuclear energy to drive market 129
TABLE 57 CHINA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 130
TABLE 58 CHINA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 130
TABLE 59 CHINA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 131
TABLE 60 CHINA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 131
12.2.3 INDIA 131
12.2.3.1 Rising foreign investments and industrial growth to drive market 131
TABLE 61 INDIA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 132
TABLE 62 INDIA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 132
TABLE 63 INDIA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 132
TABLE 64 INDIA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 133
12.2.4 JAPAN 133
12.2.4.1 Promotion of cooling towers by Cooling Tower Institute to drive market 133
TABLE 65 JAPAN: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 133
TABLE 66 JAPAN: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 134
TABLE 67 JAPAN: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 134
TABLE 68 JAPAN: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 134
12.2.5 SOUTH KOREA 135
12.2.5.1 Rising investments in energy sources to propel market 135
TABLE 69 SOUTH KOREA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 135
TABLE 70 SOUTH KOREA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 135
TABLE 71 SOUTH KOREA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 136
TABLE 72 SOUTH KOREA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 136
12.2.6 AUSTRALIA 136
12.2.6.1 Increasing demand for cooling solutions from infrastructure development projects to fuel market growth 136
TABLE 73 AUSTRALIA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 137
TABLE 74 AUSTRALIA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 137
TABLE 75 AUSTRALIA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 137
TABLE 76 AUSTRALIA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 138
12.2.7 REST OF ASIA PACIFIC 138
TABLE 77 REST OF ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 138
TABLE 78 REST OF ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 139
TABLE 79 REST OF ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 139
TABLE 80 REST OF ASIA PACIFIC: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 139
12.3 EUROPE 140
FIGURE 39 EUROPE: COOLING TOWER MARKET SNAPSHOT 140
TABLE 81 EUROPE: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 141
TABLE 82 EUROPE: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 141
TABLE 83 EUROPE: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (UNITS) 141
TABLE 84 EUROPE: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (UNITS) 142
TABLE 85 EUROPE: COOLING TOWER MARKET, BY FLOW TYPE, 2021–2023 (USD MILLION) 142
TABLE 86 EUROPE: COOLING TOWER MARKET, BY FLOW TYPE, 2024–2029 (USD MILLION) 142
TABLE 87 EUROPE: COOLING TOWER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 142
TABLE 88 EUROPE: COOLING TOWER MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 143
TABLE 89 EUROPE: COOLING TOWER MARKET, BY DESIGN, 2021–2023 (USD MILLION) 143
TABLE 90 EUROPE: COOLING TOWER MARKET, BY DESIGN, 2024–2029 (USD MILLION) 143
TABLE 91 EUROPE: COOLING TOWER MARKET, BY TYPE, 2021–2023 (USD MILLION) 143
TABLE 92 EUROPE: COOLING TOWER MARKET, BY TYPE, 2024–2029 (USD MILLION) 144
TABLE 93 EUROPE: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 144
TABLE 94 EUROPE: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 145
TABLE 95 EUROPE: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 146
TABLE 96 EUROPE: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 147
12.3.1 GERMANY 147
12.3.1.1 Expanding petrochemicals and chemicals industries to drive market 147
TABLE 97 GERMANY: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 148
TABLE 98 GERMANY: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 148
TABLE 99 GERMANY: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 148
TABLE 100 GERMANY: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 149
12.3.2 ITALY 149
12.3.2.1 Increasing demand in chemicals industry to propel market 149
TABLE 101 ITALY: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 149
TABLE 102 ITALY: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 150
TABLE 103 ITALY: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 150
TABLE 104 ITALY: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 150
12.3.3 FRANCE 151
12.3.3.1 Shift toward renewable energy production to boost market growth 151
TABLE 105 FRANCE: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 151
TABLE 106 FRANCE: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 151
TABLE 107 FRANCE: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 152
TABLE 108 FRANCE: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 152
12.3.4 SPAIN 152
12.3.4.1 Increasing deployment in oil refineries to fuel market growth 152
TABLE 109 SPAIN: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 153
TABLE 110 SPAIN: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 153
TABLE 111 SPAIN: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 153
TABLE 112 SPAIN: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 154
12.3.5 UK 154
12.3.5.1 Shift toward renewable power generation to drive demand 154
TABLE 113 UK: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 154
TABLE 114 UK: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 155
TABLE 115 UK: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 155
TABLE 116 UK COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 155
12.3.6 RUSSIA 156
12.3.6.1 Expansion of oil refineries to drive market 156
TABLE 117 RUSSIA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 156
TABLE 118 RUSSIA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 157
TABLE 119 RUSSIA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 157
TABLE 120 RUSSIA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 157
12.3.7 REST OF EUROPE 158
TABLE 121 REST OF EUROPE: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 158
TABLE 122 REST OF EUROPE: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 158
TABLE 123 REST OF EUROPE: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 159
TABLE 124 REST OF EUROPE: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 159
12.4 NORTH AMERICA 159
FIGURE 40 NORTH AMERICA: COOLING TOWER MARKET SNAPSHOT 160
TABLE 125 NORTH AMERICA: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 160
TABLE 126 NORTH AMERICA: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 161
TABLE 127 NORTH AMERICA: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (UNITS) 161
TABLE 128 NORTH AMERICA: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (UNITS) 161
TABLE 129 NORTH AMERICA: COOLING TOWER MARKET, BY FLOW TYPE, 2021–2023 (USD MILLION) 161
TABLE 130 NORTH AMERICA: COOLING TOWER MARKET, BY FLOW TYPE, 2024–2029 (USD MILLION) 162
TABLE 131 NORTH AMERICA: COOLING TOWER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 162
TABLE 132 NORTH AMERICA: COOLING TOWER MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 162
TABLE 133 NORTH AMERICA: COOLING TOWER MARKET, BY DESIGN, 2021–2023 (USD MILLION) 162
TABLE 134 NORTH AMERICA: COOLING TOWER MARKET, BY DESIGN, 2024–2029 (USD MILLION) 163
TABLE 135 NORTH AMERICA: COOLING TOWER MARKET, BY TYPE, 2021–2023 (USD MILLION) 163
TABLE 136 NORTH AMERICA: COOLING TOWER MARKET, BY TYPE, 2024–2029 (USD MILLION) 163
TABLE 137 NORTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 164
TABLE 138 NORTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 165
TABLE 139 NORTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 166
TABLE 140 NORTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 167
12.4.1 US 167
12.4.1.1 Presence of large number of power plants and oil refineries to propel market 167
TABLE 141 US: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 168
TABLE 142 US: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 168
TABLE 143 US: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 168
TABLE 144 US: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 169
12.4.2 CANADA 169
12.4.2.1 Increasing demand for cooling towers in various industries to contribute to market growth 169
TABLE 145 CANADA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 169
TABLE 146 CANADA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 170
TABLE 147 CANADA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 170
TABLE 148 CANADA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 170
12.4.3 MEXICO 171
12.4.3.1 Growing oil & gas industry to drive market 171
TABLE 149 MEXICO: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 171
TABLE 150 MEXICO: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 171
TABLE 151 MEXICO: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 172
TABLE 152 MEXICO: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 172
12.5 MIDDLE EAST & AFRICA 172
TABLE 153 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 173
TABLE 154 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 173
TABLE 155 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (UNITS) 173
TABLE 156 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (UNITS) 174
TABLE 157 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY FLOW TYPE, 2021–2023 (USD MILLION) 174
TABLE 158 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY FLOW TYPE, 2024–2029 (USD MILLION) 174
TABLE 159 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 174
TABLE 160 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 175
TABLE 161 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY DESIGN, 2021–2023 (USD MILLION) 175
TABLE 162 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY DESIGN, 2024–2029 (USD MILLION) 175
TABLE 163 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY TYPE, 2021–2023 (USD MILLION) 175
TABLE 164 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY TYPE, 2024–2029 (USD MILLION) 176
TABLE 165 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 176
TABLE 166 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 177
TABLE 167 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 178
TABLE 168 MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 179
12.5.1 GCC 179
12.5.1.1 Saudi Arabia 179
12.5.1.1.1 Expanding petrochemical industry and humid conditions to drive demand 179
TABLE 169 SAUDI ARABIA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 180
TABLE 170 SAUDI ARABIA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 180
TABLE 171 SAUDI ARABIA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 180
TABLE 172 SAUDI ARABIA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 181
12.5.1.2 UAE 181
12.5.1.2.1 Increasing natural gas production to drive market 181
TABLE 173 UAE: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 181
TABLE 174 UAE: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 182
TABLE 175 UAE: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 182
TABLE 176 UAE: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 182
12.5.1.3 Rest of GCC 183
TABLE 177 REST OF GCC: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 183
TABLE 178 REST OF GCC: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 183
TABLE 179 REST OF GCC: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 184
TABLE 180 REST OF GCC: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 184
12.5.2 SOUTH AFRICA 184
12.5.2.1 Notable increase in energy demand to create growth opportunities for market players 184
TABLE 181 SOUTH AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 185
TABLE 182 SOUTH AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 185
TABLE 183 SOUTH AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 185
TABLE 184 SOUTH AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 186
12.5.3 REST OF MIDDLE EAST & AFRICA 186
TABLE 185 REST OF MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 186
TABLE 186 REST OF MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 187
TABLE 187 REST OF MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 187
TABLE 188 REST OF MIDDLE EAST & AFRICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 187
12.6 SOUTH AMERICA 188
TABLE 189 SOUTH AMERICA: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 188
TABLE 190 SOUTH AMERICA: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 188
TABLE 191 SOUTH AMERICA: COOLING TOWER MARKET, BY COUNTRY, 2021–2023 (UNITS) 188
TABLE 192 SOUTH AMERICA: COOLING TOWER MARKET, BY COUNTRY, 2024–2029 (UNITS) 189
TABLE 193 SOUTH AMERICA: COOLING TOWER MARKET, BY FLOW TYPE, 2021–2023 (USD MILLION) 189
TABLE 194 SOUTH AMERICA: COOLING TOWER MARKET, BY FLOW TYPE, 2024–2029 (USD MILLION) 189
TABLE 195 SOUTH AMERICA: COOLING TOWER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 189
TABLE 196 SOUTH AMERICA: COOLING TOWER MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 190
TABLE 197 SOUTH AMERICA: COOLING TOWER MARKET, BY DESIGN, 2021–2023 (USD MILLION) 190
TABLE 198 SOUTH AMERICA: COOLING TOWER MARKET, BY DESIGN, 2024–2029 (USD MILLION) 190
TABLE 199 SOUTH AMERICA: COOLING TOWER MARKET, BY TYPE, 2021–2023 (USD MILLION) 190
TABLE 200 SOUTH AMERICA: COOLING TOWER MARKET, BY TYPE, 2024–2029 (USD MILLION) 191
TABLE 201 SOUTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 191
TABLE 202 SOUTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 192
TABLE 203 SOUTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 193
TABLE 204 SOUTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 194
12.6.1 BRAZIL 194
12.6.1.1 Rapid growth in electricity generation and oil & gas production to drive market 194
TABLE 205 BRAZIL: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 195
TABLE 206 BRAZIL: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 195
TABLE 207 BRAZIL: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 195
TABLE 208 BRAZIL: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 196
12.6.2 ARGENTINA 196
12.6.2.1 Increasing electricity demand to propel market 196
TABLE 209 ARGENTINA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 196
TABLE 210 ARGENTINA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 197
TABLE 211 ARGENTINA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 197
TABLE 212 ARGENTINA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 197
12.6.3 REST OF SOUTH AMERICA 198
TABLE 213 REST OF SOUTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 198
TABLE 214 REST OF SOUTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 199
TABLE 215 REST OF SOUTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2021–2023 (UNITS) 199
TABLE 216 REST OF SOUTH AMERICA: COOLING TOWER MARKET, BY APPLICATION, 2024–2029 (UNITS) 199
13 COMPETITIVE LANDSCAPE 200
13.1 OVERVIEW 200
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2024 201
FIGURE 41 COOLING TOWER MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2024 201
13.3 MARKET SHARE ANALYSIS, 2023 202
FIGURE 42 COOLING TOWER MARKET SHARE ANALYSIS OF KEY COMPANIES, 2023 202
TABLE 217 COOLING TOWER MARKET: DEGREE OF COMPETITION, 2023 202
13.4 REVENUE ANALYSIS, 2021–2023 203
FIGURE 43 COOLING TOWER MARKET: TOTAL AND SEGMENTAL REVENUE ANALYSIS OF KEY COMPANIES, 2023 (USD BILLION) 203
FIGURE 44 COOLING TOWER MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2021–2023 (USD BILLION) 203
13.5 COMPANY VALUATION AND FINANCIAL METRICS 205
FIGURE 45 COOLING TOWER MARKET: COMPANY VALUATION OF LEADING COMPANIES, 2023 (USD BILLION) 205
FIGURE 46 COOLING TOWER MARKET: FINANCIAL METRICS OF LEADING COMPANIES, 2023 205
13.6 BRAND/PRODUCT COMPARISON 206
FIGURE 47 COOLING TOWER MARKET: BRAND/PRODUCT COMPARISON 206
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 206
13.7.1 STARS 206
13.7.2 EMERGING LEADERS 206
13.7.3 PERVASIVE PLAYERS 207
13.7.4 PARTICIPANTS 207
FIGURE 48 COOLING TOWER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 207
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 208
13.7.5.1 Company footprint 208
FIGURE 49 COMPANY FOOTPRINT 208
13.7.5.2 Region footprint 209
TABLE 218 COOLING TOWERS: REGION FOOTPRINT 209
13.7.5.3 Flow type footprint 210
TABLE 219 COOLING TOWER MARKET: FLOW TYPE FOOTPRINT 210
13.7.5.4 Technology footprint 211
TABLE 220 COOLING TOWERS: TECHNOLOGY FOOTPRINT 211
13.7.5.5 Construction material footprint 212
TABLE 221 COOLING TOWERS: CONSTRUCTION MATERIAL FOOTPRINT 212
13.7.5.6 Design footprint 213
TABLE 222 COOLING TOWERS: DESIGN FOOTPRINT 213
13.7.5.7 Type footprint 214
TABLE 223 COOLING TOWERS: TYPE FOOTPRINT 214
13.7.5.8 Application footprint 215
TABLE 224 COOLING TOWERS: APPLICATION FOOTPRINT 215
13.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 216
13.8.1 PROGRESSIVE COMPANIES 216
13.8.2 RESPONSIVE COMPANIES 216
13.8.3 DYNAMIC COMPANIES 216
13.8.4 STARTING BLOCKS 216
FIGURE 50 COOLING TOWER MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023 217
13.8.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 218
13.8.5.1 Detailed list of key start-ups/SMEs 218
TABLE 225 COOLING TOWER MARKET: LIST OF KEY START-UPS/SMES 218
13.8.5.2 Competitive benchmarking of key start-ups/SMEs 219
TABLE 226 COOLING TOWERS: COMPETITIVE BENCHMARKING OF START-UPS/SMES 219
13.9 COMPETITIVE SCENARIOS AND TRENDS 220
13.9.1 PRODUCT LAUNCHES 220
TABLE 227 COOLING TOWER MARKET: PRODUCT LAUNCHES, MAY 2019–FEBRUARY 2024 220
13.9.2 DEALS 221
TABLE 228 COOLING TOWER MARKET: DEALS, MAY 2019–FEBRUARY 2024 221
13.9.3 EXPANSIONS 222
TABLE 229 COOLING TOWER MARKET: EXPANSIONS, MAY 2019–FEBRUARY 2024 222
13.9.4 OTHERS 222
TABLE 230 COOLING TOWER MARKET: OTHERS, MAY 2019–FEBRUARY 2024 222
14 COMPANY PROFILES 223
14.1 KEY PLAYERS 223
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
14.1.1 BALTIMORE AIRCOIL COMPANY, INC. 223
TABLE 231 BALTIMORE AIRCOIL COMPANY, INC.: COMPANY OVERVIEW 223
TABLE 232 BALTIMORE AIRCOIL COMPANY, INC.: PRODUCTS OFFERED 223
TABLE 233 BALTIMORE AIRCOIL COMPANY, INC.: PRODUCT LAUNCHES 225
TABLE 234 BALTIMORE AIRCOIL COMPANY, INC.: DEALS 225
14.1.2 SPX TECHNOLOGIES 227
TABLE 235 SPX TECHNOLOGIES: COMPANY OVERVIEW 227
FIGURE 51 SPX TECHNOLOGIES: COMPANY SNAPSHOT 228
TABLE 236 SPX TECHNOLOGIES: PRODUCTS OFFERED 228
TABLE 237 SPX TECHNOLOGIES: DEALS 231
TABLE 238 SPX TECHNOLOGIES: EXPANSIONS 232
14.1.3 JOHN COCKERILL 233
TABLE 239 JOHN COCKERILL: COMPANY OVERVIEW 233
TABLE 240 JOHN COCKERILL: PRODUCTS OFFERED 233
TABLE 241 JOHN COCKERILL: DEALS 235
14.1.4 EBARA CORPORATION 236
TABLE 242 EBARA CORPORATION: COMPANY OVERVIEW 236
FIGURE 52 EBARA CORPORATION: COMPANY SNAPSHOT 237
TABLE 243 EBARA CORPORATION: PRODUCTS OFFERED 237
TABLE 244 EBARA CORPORATION: OTHERS 238
14.1.5 EVAPCO, INC. 239
TABLE 245 EVAPCO, INC.: COMPANY OVERVIEW 239
TABLE 246 EVAPCO, INC.: PRODUCTS OFFERED 239
TABLE 247 EVAPCO, INC.: PRODUCT LAUNCHES 240
TABLE 248 EVAPCO, INC.: EXPANSIONS 241
14.1.6 ENEXIO MANAGEMENT GMBH 242
TABLE 249 ENEXIO MANAGEMENT GMBH: COMPANY OVERVIEW 242
TABLE 250 ENEXIO MANAGEMENT GMBH: PRODUCTS OFFERED 242
TABLE 251 ENEXIO MANAGEMENT GMBH: DEALS 244
14.1.7 BABCOCK & WILCOX ENTERPRISES, INC. 245
TABLE 252 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY OVERVIEW 245
FIGURE 53 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY SNAPSHOT 246
TABLE 253 BABCOCK & WILCOX ENTERPRISES, INC.: PRODUCTS OFFERED 246
14.1.8 KRONES AG 249
TABLE 254 KRONES AG: COMPANY OVERVIEW 249
FIGURE 54 KRONES AG: COMPANY SNAPSHOT 250
TABLE 255 KRONES AG: PRODUCTS OFFERED 250
14.1.9 SEAGULL COOLING TOWER CO., LTD. 252
TABLE 256 SEAGULL COOLING TOWER CO., LTD.: COMPANY OVERVIEW 252
TABLE 257 SEAGULL COOLING TOWER CO., LTD.: PRODUCTS OFFERED 252
14.1.10 PAHARPUR COOLING TOWERS LTD. 254
TABLE 258 PAHARPUR COOLING TOWERS LTD.: COMPANY OVERVIEW 254
TABLE 259 PAHARPUR COOLING TOWERS LTD.: PRODUCTS OFFERED 254
14.2 OTHER PLAYERS 256
14.2.1 AMCOT COOLING TOWER CORPORATION. 256
TABLE 260 AMCOT COOLING TOWER CORPORATION.: BUSINESS OVERVIEW 256
14.2.2 BELLCT 256
TABLE 261 BELLCT: BUSINESS OVERVIEW 256
14.2.3 DONGAHE INDUSTRIAL COMPANY LTD. 257
TABLE 262 DONGAHE INDUSTRIAL COMPANY LTD.: BUSINESS OVERVIEW 257
14.2.4 BOLDROCCHI T.E. SRL. 257
TABLE 263 BOLDROCCHI T.E. SRL.: BUSINESS OVERVIEW 257
14.2.5 HENG AN (HACST) 258
TABLE 264 HENG AN (HACST): BUSINESS OVERVIEW 258
14.2.6 MARLEY FLOW 258
TABLE 265 MARLEY FLOW: BUSINESS OVERVIEW 258
14.2.7 MITA COOLING TECHNOLOGIES S.R.L. 259
TABLE 266 MITA COOLING TECHNOLOGIES SRL: BUSINESS OVERVIEW 259
14.2.8 NIHON SPINDLE MANUFACTURING CO. LTD. 260
TABLE 267 NIHON SPINDLE MANUFACTURING CO. LTD.: BUSINESS OVERVIEW 260
14.2.9 PERFECT COOLING TOWERS 261
TABLE 268 PERFECT COOLING TOWERS: BUSINESS OVERVIEW 261
14.2.10 STAR COOLING TOWERS PVT. LTD. 261
TABLE 269 STAR COOLING TOWERS PVT. LTD.: BUSINESS OVERVIEW 261
14.2.11 DELTA COOLING TOWERS, INC. 262
TABLE 270 DELTA COOLING TOWERS, INC.: BUSINESS OVERVIEW 262
14.2.12 NATIONAL COOLING TOWERS 262
TABLE 271 NATIONAL COOLING TOWERS: BUSINESS OVERVIEW 262
14.2.13 TOWER TECH COOLING SYSTEM PVT. LTD 263
TABLE 272 TOWER TECH COOLING SYSTEM PVT. LTD: BUSINESS OVERVIEW 263
14.2.14 WATCO GROUP 263
TABLE 273 WATCO GROUP: BUSINESS OVERVIEW 263
14.2.15 ROBSON INDUSTRIES INC. 264
TABLE 274 ROBSON INDUSTRIES INC.: BUSINESS OVERVIEW 264
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
15 APPENDIX 265
15.1 DISCUSSION GUIDE 265
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 268
15.3 CUSTOMIZATION OPTIONS 270
15.4 RELATED REPORTS 270
15.5 AUTHOR DETAILS 271
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- 価格
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その他
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