Global Hybrid Cooling Towers Market 2024-2028
The hybrid cooling towers market is forecasted to grow by USD 198.64 mn during 2023-2028, accelerating at a CAGR of 4.39% during the forecast period. The report on the hybrid cooling towers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in construction of data centers, increasing need to reduce environmental impact, and growing number of nuclear power plants.
Technavio's hybrid cooling towers market is segmented as below:
By End-user
- Power generation
- HVAC
- Oil and gas
- Chemical and petrochemical
- Others
By Type
- Direct contact
- Closed circuit
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the emergence of hybrid closed-circuit cooling towers as one of the prime reasons driving the hybrid cooling towers market growth during the next few years. Also, availability of rental hybrid cooling towers and incorporation of iot with hybrid cooling towers will lead to sizable demand in the market.
The report on the hybrid cooling towers market covers the following areas:
- Hybrid cooling towers market sizing
- Hybrid cooling towers market forecast
- Hybrid cooling towers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid cooling towers market vendors that include Babcock and Wilcox Enterprises Inc., Baltimore Aircoil Co., Composite Cooling Solutions LP, Cooling Tower Depot Inc., Delta Cooling Towers Inc., ENEXIO Management GmbH, EUROCONFORT GROUP LLC, EVAPCO Inc., FANS AS, Hamon S.A., Harrison Cooling Towers Pvt. Ltd., Johnson Controls International Plc, Konuk Isi, Kuken Kogyo Co. Ltd., MITA Cooling Technologies Srl, North Street Cooling Towers Pvt. Ltd., Paharpur Cooling Towers Ltd., Seagull Cooling Tower Co. Ltd, SPX Corp., and Thermal Care Inc.. Also, the hybrid cooling towers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.