세계의 냉각탑 시장 : 유형별, 설계별, 재질별, 용도별, 플로우 유형별, 기술별, 지역별 예측(-2032년)

Global Cooling Tower Market Research Report Information by Type (Evaporative Cooling Tower, Dry Cooling Tower, Hybrid Cooling Tower), by Design (Mechanical Draft, Natural Draft), by Material (Concrete, Steel, FRP, Wood, HDPE), by Application (Power Generation, HVACR, Food & Beverage, Chemical, Petrochemical and Oil & Gas, and Others), by Flow Type (Crossflow, Counterflow), By Technology (Open Circuits, Close Circuits, Hybrid circuits) and by Region Forecast Till 2032

Overview of the Market

In 2023, the cooling tower market was estimated to be worth USD 3,825.9 million. According to projections, the cooling tower market would expand at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2032, from USD 4009.54 million to USD 5,792.7 million.

The cooling tower market is being driven by the growing need for energy-efficient cooling solutions across a range of industries as well as opportunities brought about by the growing number of solar thermal and geothermal power plants being built.

The increasing need for energy-efficient cooling solutions across a range of industries is driving significant growth in the cooling tower market. Cooling towers are crucial for lowering total energy expenditures and increasing system efficiency as businesses and industries work to optimize their energy use.

In order to ensure the smooth and effective functioning of activities, the manufacturing industry also heavily relies on cooling towers to dissipate the heat generated by machinery and processes. The need for appropriate cooling systems, which are essential to managing heat loads and guaranteeing the dependability of servers and other vital infrastructure, is made worse by the growing number of data centers.

Perspectives on Market Segments

Cooling towers are divided into three categories based on their type: hybrid, dry, and evaporative.

The market is divided into two segments based on design: Mechanical Draft and Natural Draft.

Concrete, steel, FRP, wood, and HDPE are the different material categories into which cooling towers are divided.

Power Generation, HVACR, Food & Beverage, Chemical, Petrochemical, Oil & Gas, and Others are the market segments based on application.

The market is divided into two segments based on the type of flow: crossflow and counterflow.

The market is divided into three segments based on technology: open circuits, closed circuits, and hybrid circuits.

Regional Perspectives

The cooling tower market in Asia-Pacific held the greatest market share in 2023 and is anticipated to increase at a substantial compound annual growth rate (CAGR) throughout the course of the study. One of the main causes is the fast industrialization and urbanization of important nations in the region, such as China, India, and Southeast Asian countries.

Effective and efficient cooling solutions are in greater demand as a result of the quick growth of industrial processes like manufacturing, chemical processing, and power production.

Furthermore, the cooling tower market's second-largest region is North America. One important factor is the rising need for energy-efficient solutions. As businesses across North America strive to lower operating costs and lessen their environmental effect, the focus has switched to the use of advanced cooling systems.

The region's large investments in the advancement of renewable energy projects, such as bioenergy, solar energy, and wind energy, have also contributed to the recent notable growth of the cooling tower market in Europe. For these endeavors to properly manage the heat created during energy production, efficient cooling systems are often required.

Key Players

Babcock & Wilcox Enterprises, Inc., Brentwood Industries, Inc., Johnson Controls International Plc, Paharpur Cooling Towers Ltd., ENEXIO, The Hamon Group, EVAPCO, Inc., Baltimore Air Coil Company Inc., SPX Cooling Tech, LLC, and Artech Cooling Towers Pvt. Ltd. are important players in the cooling tower market.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

• 2.1 DEFINITION
• 2.2 SCOPE OF THE STUDY
• 2.3 RESEARCH OBJECTIVE
• 2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

• 3.1 OVERVIEW
• 3.2 DATA FLOW
  • 3.2.1 DATA MINING PROCESS
• 3.3 PURCHASED DATABASE:
• 3.4 SECONDARY SOURCES:
  • 3.4.1 SECONDARY RESEARCH DATA FLOW:
• 3.5 PRIMARY RESEARCH:
  • 3.5.1 PRIMARY RESEARCH DATA FLOW:
  • 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
  • 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
• 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
  • 3.6.1 CONSUMPTION & NET TRADE APPROACH
  • 3.6.2 REVENUE ANALYSIS APPROACH
• 3.7 DATA FORECASTING
  • 3.7.1 DATA FORECASTING TECHNIQUE
• 3.8 DATA MODELING
  • 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
  • 3.8.2 DATA MODELING:
• 3.9 TEAMS AND ANALYST CONTRIBUTIONS

4 MARKET DYNAMICS

• 4.1 INTRODUCTION
• 4.2 DRIVERS
  • 4.2.1 INCREASING DEMAND FOR ENERGY-EFFICIENT COOLING SOLUTIONS ACROSS VARIOUS INDUSTRIES
  • 4.2.2 RAPID INDUSTRIALIZATION AND URBANIZATION IN EMERGING ECONOMIES
  • 4.2.3 ADVANCEMENTS IN COOLING TOWERS TECHNOLOGY
• 4.3 RESTRAINTS
  • 4.3.1 HIGH INITIAL CAPITAL INVESTMENTS
  • 4.3.2 ENVIRONMENTAL CONCERNS REGARDING WATER CONSUMPTION AND POTENTIAL CONTAMINATION FROM COOLING TOWER BLOWDOWN
  • 4.3.3 NEED FOR REGULAR MAINTENANCE TO PREVENT ISSUES
• 4.4 OPPORTUNITY
  • 4.4.1 INCREASING CONSTRUCTION OF SOLAR THERMAL AND GEOTHERMAL POWER PLANTS
  • 4.4.2 THE RISING TREND OF GREEN BUILDINGS AND THE NEED FOR EFFECTIVE HEAT MANAGEMENT
• 4.5 IMPACT ANALYSIS OF COVID-19
  • 4.5.1 IMPACT OF COVID-19 ON OVERALL IAE INDUSTRY
    • 4.5.1.1 ECONOMIC IMPACT
  • 4.5.2 IMPACT ON THE GLOBAL COOLING TOWER MARKET
  • 4.5.3 IMPACT ON SUPPLY CHAIN OF COOLING TOWER
    • 4.5.3.1 PRICE VARIATION OF KEY MATERIALS
    • 4.5.3.2 PRODUCTION SHUTDOWN
    • 4.5.3.3 CASH FLOW CONSTRAINTS
    • 4.5.3.4 IMPACT ON IMPORT/EXPORT
  • 4.5.4 IMPACT ON MARKET DEMAND OF COOLING TOWER
    • 4.5.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
    • 4.5.4.2 CONSUMER SENTIMENTS
  • 4.5.5 IMPACT ON PRICING OF COOLING TOWER

5 MARKET FACTOR ANALYSIS

• 5.1 SUPPLY/VALUE CHAIN ANALYSIS
  • 5.1.1 PARTICIPANTS
    • 5.1.1.1 RAW MATERIALS
    • 5.1.1.2 MANUFACTURING PROCESS
    • 5.1.1.3 QUALITY CONTROL AND COMPLIANCE
    • 5.1.1.4 LOGISTICS AND DISTRIBUTION
  • 5.1.2 VALUE PERCOLATION ACROSS THE CHAIN
  • 5.1.3 INTEGRATION LEVELS
  • 5.1.4 KEY ISSUES ADDRESSED
• 5.2 PORTER'S FIVE FORCES MODEL
  • 5.2.1 BARGAINING POWER OF SUPPLIERS
  • 5.2.2 BARGAINING POWER OF BUYERS
  • 5.2.3 THREAT OF NEW ENTRANTS
  • 5.2.4 THREAT OF SUBSTITUTES
  • 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL COOLING TOWER MARKET, BY TYPE

• 6.1 INTRODUCTION
• 6.2 EVAPORATIVE COOLING TOWER
• 6.3 DRY COOLING TOWER
• 6.4 HYBRID COOLING TOWER

7 GLOBAL COOLING TOWER MARKET, BY DESIGN

• 7.1 INTRODUCTION
• 7.2 MECHANICAL DRAFT
• 7.3 NATURAL DRAFT

8 GLOBAL COOLING TOWER MARKET, BY MATERIAL

• 8.1 INTRODUCTION
• 8.2 CONCRETE
• 8.3 STEEL
• 8.4 FRP
• 8.5 WOOD
• 8.6 HDPE

9 GLOBAL COOLING TOWER MARKET, BY APPLICATION

• 9.1 INTRODUCTION
• 9.2 POWER GENERATION
• 9.3 HVACR
• 9.4 FOOD & BEVERAGE
• 9.5 CHEMICAL
• 9.6 PETROCHEMICAL AND OIL & GAS
• 9.7 OTHERS

10 GLOBAL COOLING TOWER MARKET BY FLOW TYPE

• 10.1 INTRODUCTION
• 10.2 CROSSFLOW
• 10.3 COUNTERFLOW

11 GLOBAL COOLING TOWER MARKET, BY TECHNOLOGY

• 11.1 INTRODUCTION
• 11.2 OPEN CIRCUIT
• 11.3 CLOSE CIRCUIT
• 11.4 HYBRID CIRCUIT

12 GLOBAL COOLING TOWER MARKET, BY REGION

• 12.1 OVERVIEW
• 12.2 NORTH AMERICA
  • 12.2.1 US
  • 12.2.2 CANADA
  • 12.2.3 MEXICO
• 12.3 EUROPE
  • 12.3.1 GERMANY
  • 12.3.2 FRANCE
  • 12.3.3 UK
  • 12.3.4 SPAIN
  • 12.3.5 ITALY
  • 12.3.6 REST OF EUROPE
• 12.4 ASIA PACIFIC
  • 12.4.1 CHINA
  • 12.4.2 INDIA
  • 12.4.3 JAPAN
  • 12.4.4 SOUTH KOREA
  • 12.4.5 REST OF ASIA PACIFIC
• 12.5 SOUTH AMERICA
  • 12.5.1 ARGENTINA
  • 12.5.2 BRAZIL
  • 12.5.3 REST OF SOUTH AMERICA
• 12.6 MIDDLE EAST & AFRICA
  • 12.6.1 SAUDI ARABIA
  • 12.6.2 UAE
  • 12.6.3 SOUTH AFRICA
  • 12.6.4 REST OF THE MIDDLE EAST & AFRICA

13 COMPETITIVE LANDSCAPE

• 13.1 INTRODUCTION
• 13.2 COMPETITION DASHBOARD
  • 13.2.1 PRODUCT PORTFOLIO
  • 13.2.2 REGIONAL PRESENCE
  • 13.2.3 STRATEGIC ALLIANCES
  • 13.2.4 INDUSTRY EXPERIENCES
• 13.3 MARKET SHARE ANALYSIS,
• 13.4 WHO ARE THE MARKET DISRUPTORS & INNOVATORS?
• 13.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS?
• 13.6 THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN THE GLOBAL COOLING TOWER MARKET
• 13.7 LIST OF KEY PLAYERS, BY REGION
• 13.8 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
• 13.9 KEY DEVELOPMENTS & GROWTH STRATEGIES
  • 13.9.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
  • 13.9.2 EXPANSION & ACQUISITION

14 COMPANY PROFILES

• 14.1 EVAPCO, INC
  • 14.1.1 COMPANY OVERVIEW
  • 14.1.2 PRODUCTS OFFERED
  • 14.1.3 SWOT ANALYSIS
  • 14.1.4 KEY STRATEGY
• 14.2 BALTIMORE AIR COIL COMPANY INC.
  • 14.2.1 COMPANY OVERVIEW
  • 14.2.2 PRODUCTS OFFERED
  • 14.2.3 SWOT ANALYSIS
  • 14.2.4 KEY DEVELOPMENTS
  • 14.2.5 KEY STRATEGY
• 14.3 SPX COOLING TECH, LLC
  • 14.3.1 COMPANY OVERVIEW
  • 14.3.2 FINANCIAL OVERVIEW
  • 14.3.3 PRODUCTS OFFERED
  • 14.3.4 SWOT ANALYSIS
  • 14.3.5 KEY DEVELOPMENTS
  • 14.3.6 KEY STRATEGY
• 14.4 ARTECH COOLING TOWERS PVT. LTD
  • 14.4.1 COMPANY OVERVIEW
  • 14.4.2 PRODUCTS OFFERED
  • 14.4.3 SWOT ANALYSIS
  • 14.4.4 KEY STRATEGY
• 14.5 BABCOCK & WILCOX ENTERPRISES, INC
  • 14.5.1 COMPANY OVERVIEW
  • 14.5.2 FINANCIAL OVERVIEW
  • 14.5.3 PRODUCTS OFFERED
  • 14.5.4 SWOT ANALYSIS
  • 14.5.5 KEY DEVELOPMENTS
  • 14.5.6 KEY STRATEGY
• 14.6 BRENTWOOD INDUSTRIES, INC
  • 14.6.1 COMPANY OVERVIEW
  • 14.6.2 PRODUCTS OFFERED
  • 14.6.3 SWOT ANALYSIS
  • 14.6.4 KEY STRATEGY
• 14.7 JOHNSON CONTROLS INTERNATIONAL PLC
  • 14.7.1 COMPANY OVERVIEW
  • 14.7.2 FINANCIAL OVERVIEW
  • 14.7.3 PRODUCTS OFFERED
  • 14.7.4 SWOT ANALYSIS
  • 14.7.5 KEY STRATEGY
• 14.8 PAHARPUR COOLING TOWERS LTD
  • 14.8.1 COMPANY OVERVIEW
  • 14.8.2 PRODUCTS OFFERED
  • 14.8.3 SWOT ANALYSIS
  • 14.8.4 KEY STRATEGY
• 14.9 ENEXIO
  • 14.9.1 COMPANY OVERVIEW
  • 14.9.2 PRODUCTS OFFERED
  • 14.9.3 SWOT ANALYSIS
  • 14.9.4 KEY STRATEGY
• 14.10 THE HAMON GROUP
  • 14.10.1 COMPANY OVERVIEW
  • 14.10.2 PRODUCTS OFFERED
  • 14.10.3 KEY STRATEGY