HOME Top Market Reports Cooling Tower Market by Type (Dry, Evaporative, Hybrid), by Design (Natural, Mechanical), by Construction Material (Concrete, Steel, FRP, Others), by Application (Power, HVACR, Food & Beverages, Others), by Region - Trends & Forecasts to 2020

Cooling Tower Market by Type (Dry, Evaporative, Hybrid), by Design (Natural, Mechanical), by Construction Material (Concrete, Steel, FRP, Others), by Application (Power, HVACR, Food & Beverages, Others), by Region - Trends & Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: CH 3509

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


The cooling tower market is estimated to reach USD 2.88 Billion by 2020, at a CAGR of 4.2%. The report segments the market by application into chemical, petrochemical and oil & gas, HVACR, food & beverage, and power generation; and by region into North America, Europe, Asia-Pacific, and RoW. Base year considered for the study is 2014, while the forecast period is between 2015 and 2020. The market is driven by increasing energy demand, stringent environment regulations, and growth in the end-use industries.

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the market, and estimate the size of various other dependent submarkets in the overall cooling tower market. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Cooling Technology Institute (CTI), American Society of Mechanical Engineers (ASME), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), among other government and private websites, to identify and collect information useful for the technical, market-oriented, and commercial study of the cooling tower market.

Cooling Tower Market

Different types of cooling towers are manufactured for various applications. They serve various end-use industries including chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, and others for an array of applications. The value chain for the cooling tower manufacturers begins with research & product development and ends at the end-use industries.

This study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments. These stakeholders include cooling tower manufacturers such as the Baltimore Aircoil Company (U.S.), Bell Cooling Tower (India), Brentwood Industries Inc. (U.S.), Enexio (Germany), Hamon & Cie International SA (Belgium), Johnson Controls Inc. (U.S.), Paharpur Cooling Towers (India), SPIG S.p.A. (Italy), SPX Corporation (U.S.), Star Cooling Towers Private Ltd. (India), and others.

Key Target Audience:

  • Manufacturers of cooling tower
  • Traders, distributors, and cooling tower suppliers
  • Regional manufacturer associations and general cooling tower associations
  • Government and regional agencies and research organizations
  • Investment research firms

Scope of the Report:

This research report categorizes the cooling tower market on the basis of type, design, construction material, application and region

On the basis of Type:

  • Dry
  • Evaporative
  • Hybrid

On the basis of Design:

  • Natural
  • Mechanical

On the basis of Construction Material:

  • Concrete
  • Steel
  • FRP
  • Others

On the basis of Application:

  • Chemical
  • Petrochemical and oil & gas
  • HVACR
  • Food & beverage
  • Power generation
  • Others

On the basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

The market is further analyzed on the basis of key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the cooling tower market, by design

Company Information:

  • Detailed analysis and profiling of additional market players.

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Cooling Towers Market in Asia-Pacific, By Type and By Country
    4.2 Global Cooling Tower Market Share, By Major Countries, 2014
    4.3 Cooling Towers Market: Developed vs Developing Nations
    4.4 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 33)
    5.1 Introduction
           5.1.1 Market Segmentation
                    5.1.1.1 By Type
                    5.1.1.2 By Design
                    5.1.1.3 By Construction Material
                    5.1.1.4 By Application
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Demand From the Developing Markets of Asia-Pacific
                    5.2.1.2 Stringent Environmental Regulations are Driving the Demand for Cooling Towers
                    5.2.1.3 Rise in HVACR Deployments and Growth in Industrial Activities
                    5.2.1.4 Technological Advancements in Cooling Tower Market
           5.2.2 Restraints
                    5.2.2.1 Sluggish Growth of Cooling Tower in Europe and North America
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand From Nuclear Power Generation
           5.2.4 Challenges
                    5.2.4.1 Requirement of Large Quantity of Water

6 Industry Trends (Page No. - 40)
    6.1 Value-Chain Analysis
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Buyers
           6.2.4 Bargaining Power of Suppliers
           6.2.5 Degree of Competition
    6.3 Raw Material Cost Analysis
           6.3.1 Concrete
           6.3.2 Steel
           6.3.3 Fiber Reinforced Plastic (FRP)
           6.3.4 Polyvinyl Chloride (PVC)
    6.4 Cooling Tower: Raw Materials Suppliers’ List

7 Cooling Tower Market, By Type (Page No. - 55)
    7.1 Introduction
    7.2 Evaporative Cooling Tower
    7.3 Dry Cooling Tower
    7.4 Hybrid Cooling Tower

8 Cooling Tower Market, By Construction Material  and Design (Page No. - 62)
    8.1 Cooling Tower Market, By Construction Material
    8.2 Cooling Tower Market, By Design
           8.2.1 Mechanical Draft Cooling Tower
           8.2.2 Natural Draft Cooling Tower

9 Cooling Tower Market, By Application (Page No. - 66)
    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 Cooling Towers Market, By Region (Page No. - 82)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 Italy
             10.3.4 U.K.
             10.3.5 Sweden
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 South Korea
     10.5 RoW
             10.5.1 Brazil
             10.5.2 Saudi Arabia

11 Competitive Landscape (Page No. - 117)
     11.1 Overview
     11.2 Competitive Situations and Trends
             11.2.1 New Product Launches
             11.2.2 Expansions
             11.2.3 Agreements & Contracts
             11.2.4 Acquisitions & Joint Ventures

12 Company Profiles (Page No. - 124)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Introduction
     12.2 Baltimore Aircoil Company Inc.
     12.3 Enexio
     12.4 Hamon & CIE International SA
     12.5 Spig S.P.A.
     12.6 SPX Corporation
     12.7 Bell Cooling Tower
     12.8 Brentwood Industries, Inc.
     12.9 Johnson Controls Inc.
     12.10 Paharpur Cooling Tower Limited
     12.11 Star Cooling Towers Pvt. Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 146)
     13.1 Discussion Guide
     13.2 Introducing RT: Real Time Market Intelligence
     13.3 Available Customizations
     13.4 Related Reports


List of Tables (75 Tables)

Table 1 Cooling Towers Market Size, By Region, 2013–2020 (USD Million)
Table 2 Cooling Tower Market, By Type
Table 3 Cooling Tower Market, By Design
Table 4 Cooling Tower Market, By Construction Material
Table 5 Cooling Tower Market, By Application
Table 6 Cooling Tower: Raw Materials Suppliers’ List
Table 7 Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 8 Evaporative Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 9 Dry Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 10 Hybrid Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 11 Cooling Tower Market Size, By Construction Material, 2013–2020 (USD Million)
Table 12 Cooling Tower Market Size, By Design, 2013–2020 (USD Million)
Table 13 Mechanical Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 14 Natural Draft Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 15 Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 16 Power Generation Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 17 Power Generation Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 18 HVACR Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 19 HVACR Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 20 Food & Beverage Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 21 Food & Beverage Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 22 Chemical Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 23 Chemical Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 24 Petroleum and Oil & Gas Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 25 Petroleum and Oil & Gas Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 26 Others Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 27 Cooling Tower Market Size, By Region, 2013–2020 (USD Million)
Table 28 North America: Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 29 North America: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 30 North America: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 31 North America: Cooling Tower Market Size, By Design, 2013–2020 (USD Million)
Table 32 U.S.: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 33 U.S.: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 34 Canada: Cooling Tower, By Application, 2013–2020 (USD Million)
Table 35 Canada: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 36 Mexico: Cooling Towers Market Size, By Application, 2013–2020 (USD Million)
Table 37 Mexico: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 38 Europe: Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 39 Europe: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 40 Europe: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 41 Europe: Cooling Tower Market Size, By Design, 2013–2020 (USD Million)
Table 42 Germany: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 43 Germany: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 44 France: Cooling Towers Market Size, By Application 2013–2020 (USD Million)
Table 45 France: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 46 Italy: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 47 Italy: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 48 U.K.: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 49 U.K.: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 50 Sweden: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 51 Sweden: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 52 Asia-Pacific: Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 53 Asia-Pacific: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 54 Asia-Pacific: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 55 Asia-Pacific: Cooling Tower Market Size, By Design, 2013–2020 (USD Million)
Table 56 China: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 57 China: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 58 India: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 59 India: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 60 Japan: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 61 Japan: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 62 South Korea: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 63 South Korea: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 64 RoW: Cooling Tower Market Size, By Country, 2013–2020 (USD Million)
Table 65 RoW: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 66 RoW: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 67 RoW: Cooling Tower Market Size, By Design ,2013–2020 (USD Million)
Table 68 Brazil: Cooling Towers Market Size, By Application 2013–2020 (USD Million)
Table 69 Brazil: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 70 Saudi Arabia: Cooling Tower Market Size, By Application, 2013–2020 (USD Million)
Table 71 Saudi Arabia: Cooling Tower Market Size, By Type, 2013–2020 (USD Million)
Table 72 New Product Launches, 2012-2015
Table 73 Expansions, 2012-2015
Table 74 Agreements & Contracts, 2012-2015
Table 75 Acquisitions & Joint Ventures, 2012-2015


List of Figures (56 Figures)

Figure 1 Cooling Tower Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Dry Cooling Tower to Be the Fastest-Growing Segment in the Cooling Tower Market During the Forecast Period
Figure 6 Power Generation Application Segment Will Continue to Dominate the Cooling Towers Market
Figure 7 HVACR Application Segment of Cooling Towers Market to Grow at the Highest Rate, 2015–2020
Figure 8 Asia-Pacific is the Fastest-Growing Region for Cooling Tower Market
Figure 9 Attractive Opportunities in Cooling Towers Market, 2015–2020
Figure 10 Asia-Pacific: the Largest Market for Cooling Tower in Majority of Application in 2014
Figure 11 Evaporative Cooling Tower Accounted for the Largest Share in the Asia-Pacific Region in 2014
Figure 12 The U.S. Registered the Largest Share in the Cooling Towers Market in 2014
Figure 13 Developing Markets to Grow Faster Than the Developed Ones
Figure 14 Cooling Towers Market in Asia-Pacific Will Witness High Growth During the Forecast Period
Figure 15 Drivers, Restraints, Opportunities, and Challenges for the Cooling Tower Market
Figure 16 Value-Chain Analysis
Figure 17 Porter’s Five Forces Analysis
Figure 18 Concrete Price Analysis
Figure 19 Steel Price Analysis
Figure 20 Fiber Reinforced Plastic Price Analysis
Figure 21 Polyvinyl Chloride Price Analysis
Figure 22 Cooling Tower Market: Evaporative Cooling Tower Accounted for Largest Market Share in 2014
Figure 23 Asia-Pacfic to Remain the Largest Market for Evaporative Cooling Tower Till 2020
Figure 24 Asia-Pacific to Lead in Dry Cooling Tower Market, 2015–2020  (USD Million)
Figure 25 Europe to Remain the Biggest Market for Hybrid Cooling Tower Till 2020
Figure 26 Power Generation Application Segment to Dominate Till 2020
Figure 27 HVACR to Grow at the Fastest Rate in Asia-Pacific During the Forecast Period
Figure 28 Asia-Pacific to Dominate the Cooling Tower Market in Power Generation Segment Till 2020
Figure 29 U.S. Accounted for the Highest Demand for Cooling Tower in Power Generation Application Segment in 2014
Figure 30 Asia-Pacific to Remain the Largest Market of Cooling Tower in HVACR Application Segment Till 2020
Figure 31 China Showed the Highest Demand for Cooling Tower in HVACR Application Segment in 2014
Figure 32 Asia-Pacific Cooling Tower Market to Be the Fastest Growing in Food & Beverages Segment Till 2020
Figure 33 U.S.: the Largest Market of Cooling Tower in Food & Beverage Application Segment, 2014
Figure 34 Asia-Pacific to Remain the Largest Market for Cooling Tower Market in Chemical Application Segment Till 2020
Figure 35 China: the Largest Market of Cooling Tower in Chemical Application Segment, 2014
Figure 36 Asia-Pacific to Remain the Largest Market for Cooling Tower in Petrochemical and Oil & Gas Application Segment Till 2020
Figure 37 U.S.: the Largest Market for Cooling Tower in Petrochemical and Oil & Gas Application Segment, 2014
Figure 38 Rapidly Growing Markets are Emerging as Strategic Destinations
Figure 39 Asia-Pacific Cooling Tower Market to Remain Dominant Till 2020
Figure 40 China and Brazil: Attractive Destinations for Key Applications
Figure 41 The U.S. Was the Key Market for Top-3 End-Use Industries of Cooling Tower in North America (2014)
Figure 42 U.S. to Remain A Major Shareholder in the Cooling Tower Market Till 2020
Figure 43 The U.S. to Remain the Leading Player in the North American Cooling Tower Market Till 2020
Figure 44 Share of Top-3 Applications of Cooling Tower Market in Europe, 2014
Figure 45 China: Key Market of Cooling Tower in Asia-Pacific, 2014
Figure 46 China Was the Major Market of Cooling Tower in the Asia-Pacific Region, 2014
Figure 47 Companies Adopted New Product Launches as the Key Growth Strategy During the Last Four Years (2012-2015)
Figure 48 Market Evolution Framework, 2012–2015
Figure 49 New Product Launches: Most Popular Growth Strategy Between 2012 and 2015
Figure 50 Regional Revenue Mix of Top Market Players
Figure 51 Hamon & CIE International SA: Company Snapshot
Figure 52 Hamon & CIE International SA : SWOT Analysis
Figure 53 SPX Corporation: Company Snapshot
Figure 54 SPX Corporation : SWOT Analysis
Figure 55 Johnson Controls Inc.: Company Snapshot
Figure 56 Johnson Controls Inc.: SWOT Analysis

The cooling tower market is estimated to reach USD 2.88 Billion by 2020, at a CAGR of 4.2%. The market is driven by increasing stringent environment regulations, rise in HVACR deployments, and technological advances. However, the mature markets of Europe and North America are projected to inhibit the growth to some extent.

The cooling tower are used in various applications, such as chemical, petrochemical and oil & gas, HVACR, food & beverage, and power generation. In 2015, the power generation application is estimated to account for the largest market share among all the applications, in terms of value, followed by HVACR, food & beverage, chemical, and petrochemical and oil & gas. The HVACR application is estimated to register the highest CAGR between 2015 and 2020 among all the applications.

Asia-Pacific, North America, Europe, and RoW are considered as the main regions for the cooling tower market in the report.

Asia-Pacific dominates the cooling tower market owing to increased demand from the HVACR application segment. Rising population, industrialization, and growing concerns related to infrastructure development have significantly increased the growth of the region’s building & construction industry, which consequently has triggered the demand for cooling tower. Power generation and HVACR are the top two applications contributing to the growing demand for cooling tower in Asia-Pacific. Europe is the second largest market for cooling tower globally.

Cooling Tower Market

The sluggish growth of cooling towers in Europe and North America restricts the growth of the market. Although these regions have huge market size, the growth of cooling tower is estimated to be relatively slower than other regions during the forecast period. This is mainly backed by high market size and slow economic activity in these regions. However, most of the companies, including SPX Corporation (U.S.), Baltimore Aircoil Company (U.S.), and Evapco Inc. (U.S.), have strong foothold in the cooling tower market in the U.S. These companies are estimated to account for a significant market share in the near future.

Other major manufacturers of cooling towers are Bell Cooling Tower (India), Brentwood Industries Inc. (U.S.), Enexio (Germany), Hamon & Cie International SA (Belgium), Paharpur Cooling Towers (India), SPIG S.p.A. (Italy), and Star Cooling Towers Private Ltd. (India). Foraying into related industries and technological advances will enable the cooling tower manufacturers to overcome the effects of a volatile economy, leading to diversified business portfolio and increase in revenue.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Equipment Machine and Tooling Markets on KnowledgeStore
Request Demo