Global Cooling Towers Market Growth 2023-2029

Global Cooling Towers Market Growth 2023-2029

A cooling tower is a specialized heat exchanger in which air and water are brought into direct contact with each other in order to reduce the water's temperature. As this occurs, a small volume of water is evaporated, reducing the temperature of the water being circulated through the tower.

LPI (LP Information)' newest research report, the “Cooling Towers Industry Forecast” looks at past sales and reviews total world Cooling Towers sales in 2022, providing a comprehensive analysis by region and market sector of projected Cooling Towers sales for 2023 through 2029. With Cooling Towers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cooling Towers industry.

This Insight Report provides a comprehensive analysis of the global Cooling Towers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cooling Towers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cooling Towers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cooling Towers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cooling Towers.

The global Cooling Towers market size is projected to grow from US$ 3041.4 million in 2022 to US$ 4182.8 million in 2029; it is expected to grow at a CAGR of 4182.8 from 2023 to 2029.

Global key players of cooling towers include BAC, SPX Cooling Technologies, EVAPCO, KUKEN, Seagull Cooling Technologies, etc. Global top five manufacturers hold a share over 28%. The key players are mainly located in North America, Europe, Japan, China, India, South Korea and Taiwan (China). In terms of product, open-circuit cooling towers is the largest segment, with a share over 65%. And in terms of application, the largest application is power generation, with a share over 24%.

This report presents a comprehensive overview, market shares, and growth opportunities of Cooling Towers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Open-Circuit Cooling Towers
Closed-Circuit Cooling Towers

Segmentation by application
Power Generation
HVAC
Oil & Gas
Chemical & Petrochemical
Food & Beverages
Metallurgical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Baltimore Aircoil Company (BAC)
SPX Cooling Technologies
EVAPCO
KUKEN
Seagull Cooling Technologies
Hamon
Paharpur Cooling Towers
Kelvion
ENEXIO
BRAPU
EBARA
Kobelco Eco-Solutions
Liang Chi Industry
Laxun Cooling Tower
King Sun Industry
Hunan Yuanheng
Mitsubishi Chemical Infratec
Feiyang Group
Babcock & Wilcox
Nihon Spindle
Kyung In Machinery
Metso Outotec
Delta Cooling Towers
Daeil Aqua
Wanxiang Refrigeration

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cooling Towers market?

What factors are driving Cooling Towers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cooling Towers market opportunities vary by end market size?

How does Cooling Towers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.