Global Cooling Towers Market Insights, Forecast to 2028
Market Analysis and Insights: Global Cooling Towers Market
Due to the COVID-19 pandemic, the global Cooling Towers market size is estimated to be worth US$ 3,412.43 million in 2022 and is forecast to a readjusted size of US$ 4,441.65 million by 2028 with a CAGR of 4.49% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Open-Circuit Cooling Towers accounting for 65.57% of the Cooling Towers global market in 2021, is projected to value US$ 2,827.86 million by 2028, growing at a revised 4.05% CAGR from 2022 to 2028. While Power Generation segment is altered to a 5.40% CAGR throughout this forecast period (2022-2028).
China Cooling Towers market size was US$ 707.10 million in 2021, while the US and Europe Cooling Towers were US$ 507.41 million and US$ 715.96 million, severally. The proportion of the US was 16.32% in 2021, while China and Europe are 22.74% and 16.57% respectively, and it is predicted that China proportion will reach 25.16% in 2028, trailing a CAGR of 5.97% through the analysis period (2022-2028).
The global key manufacturers of Cooling Towers include 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 and Nihon Spindle, etc. In 2021, the global top five players hold a share approximately 32.49% in terms of revenue.
Global Cooling Towers Scope and Segment
Cooling Towers market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Cooling Towers market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type, and by Application for the period 2017-2028.
By Company
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
Segment by Type
Open-Circuit Cooling Towers
Closed-Circuit Cooling Towers
Segment by Application
Power Generation
HVAC
Oil & Gas
Chemical & Petrochemical
Food & Beverages
Metallurgical
Others
Segment by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
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