Cooling Towers Market - Global Cooling Towers Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030

Description

The global cooling towers market is set to experience robust growth in the coming years, with market size projected to expand from US$2.2 billion in 2022 to a staggering US$3.1 billion by 2030. This anticipated growth represents a CAGR of 4.8% from 2023 to 2030, according to a comprehensive market analysis conducted by Fairfield Market Research

Key Market Trends and Drivers

The market for cooling towers is being driven by several key trends and growth determinants:

Increasing Demand for Modular Cooling Towers: One of the primary drivers of market growth is the rising demand for modular cooling tower systems. These systems are not only more straightforward to install than traditional cooling towers but also facilitate rapid deployment, reducing downtime for enterprises and industries.

Rapid Expansion of Cooling Tower Systems: The popularity of cooling tower systems is rapidly growing due to the availability of newer, more efficient cooling towers that can be retrofitted to existing cooling systems. This allows businesses to upgrade without significant infrastructure changes.

Dominance of Dry Cooling Towers: In 2022, dry cooling towers dominated the market. These towers, which use heat exchanger coils for effective heat exchange, are preferred for various applications, including food and beverage production and HVAC systems.

Mechanical Draft Towers: Mechanical draft cooling towers, which use fill media to increase air-water contact surface area, dominated the market in 2022, making them a significant segment in the industry.

FRP Cooling Towers: Fiberglass-reinforced plastic (FRP) cooling towers were the preferred choice in 2022 due to their low maintenance requirements and cost-effectiveness compared to towers made from other materials.

Crossflow Cooling Towers: The crossflow segment held a dominant position in the market in 2022, known for evenly distributing heated water over the fill material.

Open Circuit Cooling Towers: Open circuit cooling towers, known for their outstanding cooling efficiency, led the market in 2022, especially in applications where precise temperature control is crucial.

HVACR Applications: The HVACR (Heating, Ventilation, Air Conditioning, and Refrigeration) category is expected to witness significant growth, providing precise temperature regulation essential in applications requiring stable and controlled temperatures.

North America's Fast Growth: North America is poised to be the fastest-growing region in the cooling towers market. The region's aging cooling towers that require replacement create opportunities for cutting-edge, environmentally friendly solutions.

Asia Pacific Dominance: The Asia Pacific region will continue to dominate the cooling towers market, driven by the booming energy industry, including coal-fired power plants, natural gas facilities, and renewable energy projects.

Challenges and Opportunities

While the cooling towers market shows substantial growth potential, it also faces certain challenges:

High Initial Costs: Larger and more powerful cooling towers, often required for heavy industries, come with high initial costs. High-quality materials and construction methods, as well as advanced technology, contribute to these costs.

Environmental Impact: Cooling tower output water that is significantly warmer than receiving water bodies can impact aquatic ecosystems. Proper maintenance is essential to avoid serving as a breeding ground for Legionella bacteria, which can cause health issues.

Key Trends and Future Opportunities

The cooling towers market is poised to benefit from emerging trends and opportunities:

Smart/Intelligent Cooling Tower Systems: These systems optimize fan speeds, water flow rates, and other parameters based on real-time data and environmental factors, leading to energy savings and enhanced operational efficiency.

Low-Noise Cooling Tower Systems: Reducing noise from cooling towers improves the quality of life for nearby residents and workers, making low-noise systems increasingly popular.

Environmental Sustainability: Cooling towers with water-efficient designs and technologies, as well as reduced pollutant emissions, align with environmental regulations and sustainability goals.

Regulatory Influence

Various regulatory bodies and organizations have influenced the cooling towers market in recent years. Regulations addressing environmental concerns, particularly related to air quality and emissions reduction, have led to the development of systems with minimal emissions and a smaller environmental impact.

Market Leaders

The global cooling towers market is highly competitive, with several key players, including:

EVAPCO
Baltimore Aircoil Company Inc.
SPX Corporation
Artech Cooling Towers Pvt. Ltd.
Babcock & Wilcox Enterprises
Brentwood Industries
Johnson Controls Inc.
Paharpur Cooling Tower Ltd.
Enexio
Hamon & CIE International
Cenk Endustri Tesisleri Imalat Ve Taahhut A.Az.
Cooling Tower Systems, Inc.
Delta Cooling Towers Inc.
Engie Refrigeration GmbH
Liang Chi Industry Co. Ltd.

Cooling Towers Market is Segmented as Below:

By Type:

Evaporative Cooling Tower
Dry Cooling Tower
Hybrid Cooling Tower
By Design:
Mechanical Draft
Natural Draft

By Material:

Concrete
Steel
Fiberglass Reinforced Plastic (FRP)
Wood

By Flow Type:

Crossflow
Counterflow

By Technology:

Open Circuit
Close Circuit
Hybrid Circuit

By Application:

Power Generation
HVACR
Food & Beverage
Chemical
Petrochemical and Oil & Gas
Others

By Geographic Coverage:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

1. Executive Summary

1.1. Global Cooling Towers Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Cooling Towers Market Outlook, 2018 - 2030

3.1. Global Cooling Towers Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Evaporative Cooling Tower
  - 3.1.1.2. Dry Cooling Tower
  - 3.1.1.3. Hybrid Cooling Tower
3.2. Global Cooling Towers Market Outlook, by Design, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Mechanical Draft
  - 3.2.1.2. Natural Draft
3.3. Global Cooling Towers Market Outlook, by Material, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. Concrete
  - 3.3.1.2. Steel
  - 3.3.1.3. Fiberglass Reinforced Plastic (FRP)
  - 3.3.1.4. Wood
3.4. Global Cooling Towers Market Outlook, by Flow Type, Value (US$ Bn), 2018 - 2030
- 3.4.1. Key Highlights Snacks
  - 3.4.1.1. Crossflow
  - 3.4.1.2. Counterflow
3.5. Global Cooling Towers Market Outlook, by Technology, Value (US$ Bn), 2018 - 2030
- 3.5.1. Key Highlights Snacks
  - 3.5.1.1. Open Circuit
  - 3.5.1.2. Close Circuit
  - 3.5.1.3. Hybrid Circuit
3.6. Global Cooling Towers Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 3.6.1. Key Highlights Snacks
  - 3.6.1.1. Power Generation
  - 3.6.1.2. HVACR
  - 3.6.1.3. Food & Beverage
  - 3.6.1.4. Chemical
  - 3.6.1.5. Petrochemical and Oil & Gas
  - 3.6.1.6. Others
3.7. Global Cooling Towers Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.7.1. Key Highlights
  - 3.7.1.1. North America
  - 3.7.1.2. Europe
  - 3.7.1.3. Asia Pacific
  - 3.7.1.4. Latin America
  - 3.7.1.5. Middle East & Africa

4. North America Cooling Towers Market Outlook, 2018 - 2030

4.1. North America Cooling Towers Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Evaporative Cooling Tower
  - 4.1.1.2. Dry Cooling Tower
  - 4.1.1.3. Hybrid Cooling Tower
4.2. North America Cooling Towers Market Outlook, by Design, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Mechanical Draft
  - 4.2.1.2. Natural Draft
4.3. North America Cooling Towers Market Outlook, by Material, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Concrete
  - 4.3.1.2. Steel
  - 4.3.1.3. Fiberglass Reinforced Plastic (FRP)
  - 4.3.1.4. Wood
4.4. North America Cooling Towers Market Outlook, by Flow Type, Value (US$ Bn), 2018 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. Crossflow
  - 4.4.1.2. Counterflow
4.5. Global Cooling Towers Market Outlook, by Technology, Value (US$ Bn), 2018 - 2030
- 4.5.1. Key Highlights Snacks
  - 4.5.1.1. Open Circuit
  - 4.5.1.2. Close Circuit
  - 4.5.1.3. Hybrid Circuit
4.6. Global Cooling Towers Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 4.6.1. Key Highlights Snacks
  - 4.6.1.1. Power Generation
  - 4.6.1.2. HVACR
  - 4.6.1.3. Food & Beverage
  - 4.6.1.4. Chemical
  - 4.6.1.5. Petrochemical and Oil & Gas
  - 4.6.1.6. Others
- 4.6.2. BPS Analysis/Market Attractiveness Analysis
4.7. North America Cooling Towers Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.7.1. Key Highlights
  - 4.7.1.1. U.S. Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 4.7.1.2. U.S. Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 4.7.1.3. U.S. Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 4.7.1.4. U.S. Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 4.7.1.5. U.S. Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 4.7.1.6. U.S. Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 4.7.1.7. Canada Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 4.7.1.8. Canada Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 4.7.1.9. Canada Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 4.7.1.10. Canada Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 4.7.1.11. Canada Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 4.7.1.12. Canada Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
- 4.7.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Cooling Towers Market Outlook, 2018 - 2030

5.1. Europe Cooling Towers Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Evaporative Cooling Tower
  - 5.1.1.2. Dry Cooling Tower
  - 5.1.1.3. Hybrid Cooling Tower
5.2. Europe Cooling Towers Market Outlook, by Design, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Mechanical Draft
  - 5.2.1.2. Natural Draft
5.3. Europe Cooling Towers Market Outlook, by Material, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Concrete
  - 5.3.1.2. Steel
  - 5.3.1.3. Fiberglass Reinforced Plastic (FRP)
  - 5.3.1.4. Wood
5.4. Europe Cooling Towers Market Outlook, by Flow Type, Value (US$ Bn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. Crossflow
  - 5.4.1.2. Counterflow
5.5. Global Cooling Towers Market Outlook, by Technology, Value (US$ Bn), 2018 - 2030
- 5.5.1. Key Highlights Snacks
  - 5.5.1.1. Open Circuit
  - 5.5.1.2. Close Circuit
  - 5.5.1.3. Hybrid Circuit
5.6. Global Cooling Towers Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 5.6.1. Key Highlights Snacks
  - 5.6.1.1. Power Generation
  - 5.6.1.2. HVACR
  - 5.6.1.3. Food & Beverage
  - 5.6.1.4. Chemical
  - 5.6.1.5. Petrochemical and Oil & Gas
  - 5.6.1.6. Others
- 5.6.2. BPS Analysis/Market Attractiveness Analysis
5.7. Europe Cooling Towers Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.7.1. Key Highlights
  - 5.7.1.1. Germany Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.2. Germany Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 5.7.1.3. Germany Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 5.7.1.4. Germany Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.5. Germany Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 5.7.1.6. Germany Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 5.7.1.7. U.K. Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.8. U.K. Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 5.7.1.9. U.K. Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 5.7.1.10. U.K. Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.11. U.K. Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 5.7.1.12. U.K. Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 5.7.1.13. France Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.14. France Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 5.7.1.15. France Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 5.7.1.16. France Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.17. France Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 5.7.1.18. France Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 5.7.1.19. Italy Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.20. Italy Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 5.7.1.21. Italy Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 5.7.1.22. Italy Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.23. Italy Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 5.7.1.24. Italy Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 5.7.1.25. Turkey Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.26. Turkey Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 5.7.1.27. Turkey Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 5.7.1.28. Turkey Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.29. Turkey Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 5.7.1.30. Turkey Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 5.7.1.31. Russia Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.32. Russia Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 5.7.1.33. Russia Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 5.7.1.34. Russia Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.35. Russia Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 5.7.1.36. Russia Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 5.7.1.37. Rest of Europe Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.38. Rest of Europe Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 5.7.1.39. Rest of Europe Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 5.7.1.40. Rest of Europe Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 5.7.1.41. Rest of Europe Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 5.7.1.42. Rest of Europe Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
- 5.7.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Cooling Towers Market Outlook, 2018 - 2030

6.1. Asia Pacific Cooling Towers Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Evaporative Cooling Tower
  - 6.1.1.2. Dry Cooling Tower
  - 6.1.1.3. Hybrid Cooling Tower
6.2. Asia Pacific Cooling Towers Market Outlook, by Design, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Mechanical Draft
  - 6.2.1.2. Natural Draft
6.3. Asia Pacific Cooling Towers Market Outlook, by Material, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Concrete
  - 6.3.1.2. Steel
  - 6.3.1.3. Fiberglass Reinforced Plastic (FRP)
  - 6.3.1.4. Wood
6.4. Asia Pacific Cooling Towers Market Outlook, by Flow Type, Value (US$ Bn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. Crossflow
  - 6.4.1.2. Counterflow
6.5. Global Cooling Towers Market Outlook, by Technology, Value (US$ Bn), 2018 - 2030
- 6.5.1. Key Highlights Snacks
  - 6.5.1.1. Open Circuit
  - 6.5.1.2. Close Circuit
  - 6.5.1.3. Hybrid Circuit
6.6. Global Cooling Towers Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 6.6.1. Key Highlights Snacks
  - 6.6.1.1. Power Generation
  - 6.6.1.2. HVACR
  - 6.6.1.3. Food & Beverage
  - 6.6.1.4. Chemical
  - 6.6.1.5. Petrochemical and Oil & Gas
  - 6.6.1.6. Others
- 6.6.2. BPS Analysis/Market Attractiveness Analysis
6.7. Asia Pacific Cooling Towers Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.7.1. Key Highlights
  - 6.7.1.1. China Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.2. China Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 6.7.1.3. China Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 6.7.1.4. China Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.5. China Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 6.7.1.6. China Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 6.7.1.7. Japan Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.8. Japan Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 6.7.1.9. Japan Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 6.7.1.10. Japan Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.11. Japan Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 6.7.1.12. Japan Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 6.7.1.13. South Korea Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.14. South Korea Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 6.7.1.15. South Korea Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 6.7.1.16. South Korea Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.17. South Korea Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 6.7.1.18. South Korea Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 6.7.1.19. India Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.20. India Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 6.7.1.21. India Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 6.7.1.22. India Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.23. India Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 6.7.1.24. India Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 6.7.1.25. Southeast Asia Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.26. Southeast Asia Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 6.7.1.27. Southeast Asia Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 6.7.1.28. Southeast Asia Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.29. Southeast Asia Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 6.7.1.30. Southeast Asia Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 6.7.1.31. Rest of Asia Pacific Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.32. Rest of Asia Pacific Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 6.7.1.33. Rest of Asia Pacific Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 6.7.1.34. Rest of Asia Pacific Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 6.7.1.35. Rest of Asia Pacific Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 6.7.1.36. Rest of Asia Pacific Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
- 6.7.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Cooling Towers Market Outlook, 2018 - 2030

7.1. Latin America Cooling Towers Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Evaporative Cooling Tower
  - 7.1.1.2. Dry Cooling Tower
  - 7.1.1.3. Hybrid Cooling Tower
7.2. Latin America Cooling Towers Market Outlook, by Design, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Mechanical Draft
  - 7.2.1.2. Natural Draft
7.3. Latin America Cooling Towers Market Outlook, by Material, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Concrete
  - 7.3.1.2. Steel
  - 7.3.1.3. Fiberglass Reinforced Plastic (FRP)
  - 7.3.1.4. Wood
7.4. Latin America Cooling Towers Market Outlook, by Flow Type, Value (US$ Bn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Crossflow
  - 7.4.1.2. Counterflow
7.5. Global Cooling Towers Market Outlook, by Technology, Value (US$ Bn), 2018 - 2030
- 7.5.1. Key Highlights Snacks
  - 7.5.1.1. Open Circuit
  - 7.5.1.2. Close Circuit
  - 7.5.1.3. Hybrid Circuit
7.6. Global Cooling Towers Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 7.6.1. Key Highlights Snacks
  - 7.6.1.1. Power Generation
  - 7.6.1.2. HVACR
  - 7.6.1.3. Food & Beverage
  - 7.6.1.4. Chemical
  - 7.6.1.5. Petrochemical and Oil & Gas
  - 7.6.1.6. Others
- 7.6.2. BPS Analysis/Market Attractiveness Analysis
7.7. Latin America Cooling Towers Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.7.1. Key Highlights
  - 7.7.1.1. Brazil Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 7.7.1.2. Brazil Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 7.7.1.3. Brazil Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 7.7.1.4. Brazil Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 7.7.1.5. Brazil Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 7.7.1.6. Brazil Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 7.7.1.7. Mexico Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 7.7.1.8. Mexico Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 7.7.1.9. Mexico Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 7.7.1.10. Mexico Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 7.7.1.11. Mexico Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 7.7.1.12. Mexico Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 7.7.1.13. Argentina Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 7.7.1.14. Argentina Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 7.7.1.15. Argentina Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 7.7.1.16. Argentina Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 7.7.1.17. Argentina Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 7.7.1.18. Argentina Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 7.7.1.19. Rest of Latin America Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 7.7.1.20. Rest of Latin America Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 7.7.1.21. Rest of Latin America Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 7.7.1.22. Rest of Latin America Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 7.7.1.23. Rest of Latin America Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 7.7.1.24. Rest of Latin America Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
- 7.7.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Cooling Towers Market Outlook, 2018 - 2030

8.1. Middle East & Africa Cooling Towers Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Evaporative Cooling Tower
  - 8.1.1.2. Dry Cooling Tower
  - 8.1.1.3. Hybrid Cooling Tower
8.2. Middle East & Africa Cooling Towers Market Outlook, by Design, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Mechanical Draft
  - 8.2.1.2. Natural Draft
8.3. Middle East & Africa Cooling Towers Market Outlook, by Material, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Concrete
  - 8.3.1.2. Steel
  - 8.3.1.3. Fiberglass Reinforced Plastic (FRP)
  - 8.3.1.4. Wood
8.4. Middle East & Africa Cooling Towers Market Outlook, by Flow Type, Value (US$ Bn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. Crossflow
  - 8.4.1.2. Counterflow
8.5. Global Cooling Towers Market Outlook, by Technology, Value (US$ Bn), 2018 - 2030
- 8.5.1. Key Highlights Snacks
  - 8.5.1.1. Open Circuit
  - 8.5.1.2. Close Circuit
  - 8.5.1.3. Hybrid Circuit
8.6. Global Cooling Towers Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 8.6.1. Key Highlights Snacks
  - 8.6.1.1. Power Generation
  - 8.6.1.2. HVACR
  - 8.6.1.3. Food & Beverage
  - 8.6.1.4. Chemical
  - 8.6.1.5. Petrochemical and Oil & Gas
  - 8.6.1.6. Others
- 8.6.2. BPS Analysis/Market Attractiveness Analysis
8.7. Middle East & Africa Cooling Towers Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.7.1. Key Highlights
  - 8.7.1.1. GCC Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.2. GCC Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 8.7.1.3. GCC Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 8.7.1.4. GCC Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.5. GCC Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 8.7.1.6. GCC Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 8.7.1.7. South Africa Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.8. South Africa Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 8.7.1.9. South Africa Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 8.7.1.10. South Africa Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.11. South Africa Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 8.7.1.12. South Africa Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 8.7.1.13. Egypt Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.14. Egypt Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 8.7.1.15. Egypt Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 8.7.1.16. Egypt Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.17. Egypt Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 8.7.1.18. Egypt Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 8.7.1.19. Nigeria Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.20. Nigeria Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 8.7.1.21. Nigeria Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 8.7.1.22. Nigeria Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.23. Nigeria Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 8.7.1.24. Nigeria Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
  - 8.7.1.25. Rest of Middle East & Africa Cooling Towers Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.26. Rest of Middle East & Africa Cooling Towers Market Design, Value (US$ Bn), 2018 - 2030
  - 8.7.1.27. Rest of Middle East & Africa Cooling Towers Market Material, Value (US$ Bn), 2018 - 2030
  - 8.7.1.28. Rest of Middle East & Africa Cooling Towers Market Flow Type, Value (US$ Bn), 2018 - 2030
  - 8.7.1.29. Rest of Middle East & Africa Cooling Towers Market Technology, Value (US$ Bn), 2018 - 2030
  - 8.7.1.30. Rest of Middle East & Africa Cooling Towers Market Application, Value (US$ Bn), 2018 - 2030
- 8.7.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Material vs Design Heatmap
9.2. Manufacturer vs Design Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. EVAPCO
- 9.5.2. Baltimore Aircoil Company Inc.
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. SPX Corporation
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Artech Cooling Towers Pvt. Ltd.
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. Babcock & Wilcox Enterprises
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Brentwood Industries
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Johnson Controls Inc.
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. Paharpur Cooling Tower Ltd.
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Portfolio
  - 9.5.8.3. Financial Overview
  - 9.5.8.4. Business Strategies and Development
- 9.5.9. Enexio
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. Hamon & CIE International
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Product Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. Cenk Endustri Tesisleri Imalat Ve Taahhut A.Az.
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Product Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development
- 9.5.12. Cooling Tower Systems, Inc.
  - 9.5.12.1. Company Overview
  - 9.5.12.2. Product Portfolio
  - 9.5.12.3. Financial Overview
  - 9.5.12.4. Business Strategies and Development
- 9.5.13. Delta Cooling Towers Inc.
  - 9.5.13.1. Company Overview
  - 9.5.13.2. Product Portfolio
  - 9.5.13.3. Financial Overview
  - 9.5.13.4. Business Strategies and Development
- 9.5.14. Engie Refrigeration GmbH
  - 9.5.14.1. Company Overview
  - 9.5.14.2. Product Portfolio
  - 9.5.14.3. Financial Overview
  - 9.5.14.4. Business Strategies and Development
- 9.5.15. Liang Chi Industry Co. Ltd.
  - 9.5.15.1. Company Overview
  - 9.5.15.2. Product Portfolio
  - 9.5.15.3. Financial Overview
  - 9.5.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations