Cooling Towers Market Business Growth, Regional Trends, Sales Revenue, Size, Development Status, Key Players Analysis And Comprehensive Research Study Till 2023

The global cooling towers market stood at US$2,530.3 Mn in 2015 and is estimated to expand with a CAGR of 4.6% from 2016 to 2023.

According to a new market research report published by Credence Research “Cooling Towers Market (Evaporative Cooling Towers, Dry Cooling Towers, Hybrid; Natural Draft, Mechanical Draft)  – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”, the global cooling towers market stood at US$2,530.3 Mn in 2015 and is estimated to expand with a CAGR of 4.6% from 2016 to 2023.

Market Insights

Cooling towers are among the most important components of various industrial processes. These can be referred to as heat rejection devices used to eliminate waste heat generated to the atmosphere by cooling down the used water. The circulating water in the tower is cooled either by evaporation (wet cooling) or by air cooling (dry cooling) technology. The prime motive of the cooling towers is to cool down the water generated from various industrial processes or HVAC (heating, ventilation and air conditioning) cooling.Cooling towers are commonly used across different applications such as industrial manufacturing, power generation plants and HVAC (air conditioning) systems. The primary types of cooling towers are open circuit and closed circuit cooling towers.

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The most significant factor bolstering the cooling towers market growth is the rising industry worldwide. Similarly, with rising power consumption and demand worldwide, the number of power plants is expected to soar significantly in the coming years. This is another significant factor fueling the market growth. Cooling towers help reducing excessive usage of water as the same water stream is cooled and circulated in the process. This largely helps in reducing the overall water usage. Additionally, cooling towers are available in various designs/configuration,offering higher efficiency, which are in compliance with regulatory norms for these towers. For instance, closed circuit cooling towers offer better efficiency and less water contamination and hence are expected to witness higher adoption in the coming years.

Competitive Insights:

The cooling towers market is highly fragmented in nature with large number of international as well as regional players operating in the market. The manufacturers majorly focus upon developing products that offer high efficiency and lesser external water contamination. Due to stringent regulations over generation of contaminated water in the process, complying with these norms becomes priority for the manufacturers. Some of the major players in the market comprise Baltimore Aircoil Company, SPX Corporation, GEA Heat Exchangers Group, Paharpur Cooling Towers Ltd., EVAPCO Group and others.

Key Trends:

  • Development of hybrid cooling towers for better water efficiency
  • Strengthening global sales channel in order to maintain and expand the sales
  • Acquisition of other players for strengthening product portfolio as well as global presence


Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors

Chapter 4 Global Cooling Towers Market Analysis, by Product Type
4.1 Market Analysis
4.2 Global Open Circuit Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
4.3 Global Closed-circuit Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)

Chapter 5 Global Cooling Towers Market Analysis, by Heat Exchange
5.1 Market Analysis
5.2 Global Evaporative Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
5.3 Global Dry Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)
5.4 Global Hybrid Cooling Towers Market Revenue, 2015 – 2023, (US$ Mn)

Chapter 6 Global Cooling Towers Market Analysis, by Design
6.1 Market Analysis
6.2 Global Natural Draft Cooling Towers Market, 2015 – 2023, (US$ Mn)
6.3 Global Mechanical Draft Cooling Towers Market, 2015 – 2023, (US$ Mn)

Chapter 7 Global Cooling Towers Market Analysis, by Application
7.1 Market Analysis
7.2 Global Cooling Towers Market for Industrial Manufacturing, 2015 – 2023, (US$ Mn)
7.3 Global Cooling Towers Market for Power Generation Plants, 2015 – 2023, (US$ Mn)
7.4 Global Cooling Towers Market for Air Conditioning, 2015 – 2023, (US$ Mn)

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Industrial Cooling Towers for Fruit Processing Industry
Industrial cooling towers can be used to remove heat from various sources such as machinery or heated process material. The primary use of large, industrial cooling towers is to remove the heat absorbed in the circulating cooling water systems used in power plants, petroleum refineries, petrochemical plants, natural gas processing plants, food processing plants, semi-conductor plants, and for other industrial facilities such as in condensers of distillation columns, for cooling liquid in crystallization, etc.The circulation rate of cooling water in a typical 700 MW coal-fired power plant with a cooling tower amounts to about 71,600 cubic metres an hour (315,000 US gallons per minute)and the circulating water requires a supply water make-up rate of perhaps 5 percent (i.e., 3,600 cubic metres an hour).
If that same plant had no cooling tower and used once-through cooling water, it would require about 100,000 cubic metres an hour. A large cooling water intake typically kills millions of fish and larvae annually, as the organisms are impinged on the intake screens. A large amount of water would have to be continuously returned to the ocean, lake or river from which it was obtained and continuously re-supplied to the plant. Furthermore, discharging large amounts of hot water may raise the temperature of the receiving river or lake to an unacceptable level for the local ecosystem. Elevated water temperatures can kill fish and other aquatic organisms (see thermal pollution), or can also cause an increase in undesirable organisms such as invasive species of zebra mussels or algae. A cooling tower serves to dissipate the heat into the atmosphere instead and wind and air diffusion spreads the heat over a much larger area than hot water can distribute heat in a body of water. Evaporative cooling water cannot be used for subsequent purposes (other than rain somewhere), whereas surface-only cooling water can be re-used. Some coal-fired and nuclear power plants located in coastal areas do make use of once-through ocean water. But even there, the offshore discharge water outlet requires very careful design to avoid environmental problems.--wikipedia “

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