Cooling Tower Global Market Report 2022 – By Type( Evaporative Cooling Tower, Dry Cooling Tower, Hybrid Cooling Tower), By Flow (Cross Flow, Counter Flow), By Application ( Chemicals, Petrochemicals, Power Generation, HVACR, Food & Beverages, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026

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The cooling tower market consists of sales of the cooling tower by entities (organizations, sole traders, partnerships) that refers to specialized heat exchanger, in which air and water are forced into a direct contact to reduce the water’s temperature. During the colling tower process, small quantity of water evaporates and lowers the water, which is being circulated throughout the tower.

The main types of cooling towers are evaporative cooling tower, dry cooling tower, hybrid cooling tower. The evaporative cooling tower derive their primary colling effect from the evaporation that takes place when air and water are brought into direct contact. The flow patterns of cooling towers include cross flow, counter flow with applications in chemicals, petrochemicals and oil & gas, HVACR, food & beverages, power generation, and others.

The global cooling tower market size is expected to grow from $2.97 billion in 2021 to $3.14 billion in 2022 at a compound annual growth rate (CAGR) of 5.67%. The global cooling tower market size is expected to reach $3.76 billion in 2026 at a CAGR of 4.63%.

Rising demand for cooling towers from the developing markets of Asia-Pacific is expected to drive the cooling tower market. Cooling towers are used to remove heat from industry which includes nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. There has been high growth in the commercial building & construction industry, high-end real estate, and energy-saving policies, which contributed to growth in the use of cooling towers in these developing regions. For instance, in February 2022, according to World Nuclear Association, a UK based international organization that promotes nuclear power and supports the companies that comprise the global nuclear industry in Asia there are about 135-140 operable nuclear power reactors. About 35 reactors are under construction, and 50 – 60 are in the proposal or planning stage. These development activities across developing regions are expected to increase for cooling towers during the forecast period.

The installation of eco-friendly products is a key trend in the cooling tower market. Eco-friendly products use water rather than air to transport heat rather than air, which is roughly 3,200 times more efficient and environmentally friendly. For instance, in September 2020 B&W Environment successfully installed a new cooling tower system for Naturgy Generación’s combined-cycle natural gas power plant. B&W Environmental’s seawater cooling towers help in decreasing or eliminating the need for desalination and processing of cooling water, which safeguard delicate marine ecosystems and reduce overall environmental impact.

In September 2019, Nijhuis Industries, a Netherlands-based water and wastewater company acquired Deba UK Ltd. for an undisclosed amount. The acquisition by Nijhuis is focused on expanding its existing portfolio and strengthening its growth strategies to expand business operations in niche markets across the globe. Deba UK Ltd. is a UK-based provider of cooling tower engineering and environmental services.

Major players in the cooling tower market are SPX Corporation, Baltimore Aircoil Company, Evapco Inc, Bell Cooling Tower, Brentwood Industries Inc., Enexio, Paharpur Cooling Towers, ENEXIO Management, Baltimore Aircoil Company (BAC), Hamon & Cie International SA, Johnson Controls, Perfect Cooling Towers, and Thermal Care.

North America was the largest region in the cooling tower market in 2021. Asia Pacific is expected to be the fastest-growing region in the global cooling tower market during the forecast period. The regions covered in the global cooling tower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the cooling tower market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global cooling tower market is segmented -

1) By Type: Evaporative Cooling Tower, Dry Cooling Tower, Hybrid Cooling Tower

2) By Flow: Cross Flow, Counter Flow

3) By Application: Chemicals, Petrochemicals, Power Generation, HVACR, Food & Beverages, Other Applications

    Table Of Contents

    1. Executive Summary

    2. Cooling Tower Market Characteristics

    3. Cooling Tower Market Trends And Strategies

    4. Impact Of COVID-19 On Cooling Tower

    5. Cooling Tower Market Size And Growth

    5.1. Global Cooling Tower Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Cooling Tower Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Cooling Tower Market Segmentation

    6.1. Global Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Evaporative Cooling Tower

    Dry Cooling Tower

    Hybrid Cooling Tower

    6.2. Global Cooling Tower Market, Segmentation By Flow, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Cross Flow

    Counter Flow

    6.3. Global Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Chemicals

    Petrochemicals

    Power Generation

    HVACR

    Food & beverages

    Other Applications

    7. Cooling Tower Market Regional And Country Analysis

    7.1. Global Cooling Tower Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Cooling Tower Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Cooling Tower Market

    8.1. Asia-Pacific Cooling Tower Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Cooling Tower Market

    9.1. China Cooling Tower Market Overview

    9.2. China Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Cooling Tower Market

    10.1. India Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Cooling Tower Market

    11.1. Japan Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Cooling Tower Market

    12.1. Australia Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Cooling Tower Market

    13.1. Indonesia Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Cooling Tower Market

    14.1. South Korea Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Cooling Tower Market

    15.1. Western Europe Cooling Tower Market Overview

    15.2. Western Europe Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Cooling Tower Market

    16.1. UK Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Cooling Tower Market

    17.1. Germany Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Cooling Tower Market

    18.4. France Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Cooling Tower Market

    19.1. Eastern Europe Cooling Tower Market Overview

    19.2. Eastern Europe Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Cooling Tower Market

    20.1. Russia Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Cooling Tower Market

    21.1. North America Cooling Tower Market Overview

    21.2. North America Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Cooling Tower Market

    22.1. USA Cooling Tower Market Overview

    22.2. USA Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Cooling Tower Market

    23.1. South America Cooling Tower Market Overview

    23.2. South America Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Cooling Tower Market

    24.1. Brazil Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Cooling Tower Market

    25.1. Middle East Cooling Tower Market Overview

    25.2. Middle East Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Cooling Tower Market

    26.1. Africa Cooling Tower Market Overview

    26.2. Africa Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Cooling Tower Market Competitive Landscape And Company Profiles

    27.1. Cooling Tower Market Competitive Landscape

    27.2. Cooling Tower Market Company Profiles

    27.2.1. SPX Corporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Baltimore Aircoil Company

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Evapco Inc

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Bell Cooling Tower

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Brentwood Industries Inc.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Cooling Tower Market

    29. Cooling Tower Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Cooling Tower Market, Segmentation By Flow, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Cooling Tower Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Cooling Tower Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: India, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Japan, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Australia, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Indonesia, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: South Korea, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: Western Europe, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: UK, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Germany, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: France, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: Eastern Europe, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Russia, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: North America, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: USA, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: South America, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: Brazil, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Middle East, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Africa, Cooling Tower Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Cooling Tower Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: SPX Corporation Financial Performance
  • Table 47: Baltimore Aircoil Company Financial Performance
  • Table 48: Evapco Inc Financial Performance
  • Table 49: Bell Cooling Tower Financial Performance
  • Table 50: Brentwood Industries Inc. Financial Performance

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