+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2015-02-12Number of Pages: 128

Cooling Towers (Evaporative, Dry, Hybrid) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020


Cooling towers are heat rejection devices operated to lower the ambient temperatures within enclosed spaces. They are also used to remove heat from heating, ventilation, and air conditioning (HVAC) systems in buildings. Moreover, in industrial settings, cooling towers are used to maintain the temperature of chillers and attain energy efficiency. They are used in the chemical, oil & gas, food processing, and power generation plant industries.

Cooling towers function by moving the heat from warm water through the process of evaporation. The circulating warm water is transported to the cooling tower, where a fraction of it is evaporated into the air through the tower. The heat is extracted through the process of evaporation from the circulating water, which in turn decreases the temperature of the remaining water. Cooling towers are available in different sizes ranging from small roof-top towers to huge hyperboloid structures depending upon the applications. There are two types of cooling towers: open cooling towers and closed-circuit cooling towers. 

The most common cooling towers worldwide are the open type. The most important factor bolstering the demand for open cooling towers is their efficient, economical, and simple design. However, closed circuit cooling towers enable minimum contamination and evaporation of water. This, in turn, reduces the overall water loss in the cooling process. But, closed circuit cooling towers offer these features at the expense of high cost. Hence, closed circuit cooling towers have seen limited adoption in applications where cost is not a major constraint and in the regions with ample fresh water.

Based on the heat transfer method, cooling towers are classified into evaporative/wet, dry, and hybrid types. The evaporative heat transfer method works on a principle analogous to perspiration. The circulating warm water is first distributed on a fill pack and then cooled by blown air. During this process, a small amount of water is evaporated, whereas the remaining water is collected at the cooling tower lower base. This water is re-circulated in the system for cooling purposes. The dry cooling method uses the natural air present in the atmosphere for cooling instead of water. Dry cooling towers do not require mid-heat exchangers as required in closed circuit cooling towers. This cooling method is analogous to the function of a radiator that uses the air in the atmosphere for cooling purposes. As a result of these features, dry cooling towers involve less maintenance and has a higher average life expectancy. Hybrid cooling towers have the advantages and disadvantages of both dry and wet cooling towers. They incorporate both the evaporative and dry cooling units at the end-point of the closed or open circuit cooling towers. This enables a reduction in the visible plume formed during evaporative cooling. Additionally, hybrid cooling towers can save approximately over 50% of the water as compared to wet cooling towers. Consequently, hybrid towers have seen wide adoption in recent times and are expected to drive the cooling towers market during the forecast period. 

cooling-towers-market.png

The global cooling towers market is highly fragmented. Major players include Baltimore Aircoil Company, GEA Heat Exchangers Group, SPX Corporation, Paharpur Cooling Towers Ltd., SPIG S.p.A. Hamon Group (Esindus S.A.), Liang Chi Industry Company, FANS, a.s., and EVAPCO-BLCT Dry Cooling, Inc. With positive global economic growth predicted, the market for cooling towers is anticipated to grow at a fast pace in the coming years. Energy-efficient, low-cost cooling towers are anticipated to drive the market over the forecast period.

 

Chapter 1 Preface

1.1 Report Description

1.2 Market Segmentation

1.3 Research Methodology

      1.3.1 Sources

              1.3.1.1 Secondary Research

              1.3.1.2 Primary Research

 

Chapter 2 Executive Summary

2.1 Market Snapshot: Cooling Towers Market (2013 & 2020)

2.2 Cooling Towers Market, 2012 – 2020, Revenue (US$ Mn) and Y-o-Y Growth (%)

 

Chapter 3 Global Cooling Towers Market Overview

3.1 Introduction

3.2 Market Dynamics

      3.2.1 Drivers

              3.2.1.1 Use of energy efficient systems to drive cooling towers market

              3.2.1.2 Growth in Infrastructural and Industrial Activity

              3.2.1.3 Average GDP Growth Rate (%), 2010-2013

              3.2.1.4 Manufacturing, Value Added, Average Growth Rate (%), 2010-2013

              3.2.1.5 Booming demand for electricity has disturbed the demand-supply ratio, hence leading to increase in the number of power stations

              3.2.1.6 Impact analysis of drivers

      3.2.2 Restraints

              3.2.2.1 Low pace of economic development due to economic recession

      3.2.3 Challenge

              3.2.3.1 Low cost cooling towers from regional manufacturers impacting the profitability of major cooling towers manufacturers

      3.2.4 Opportunities

              3.2.4.1 Plume Abatement (Hybrid) Cooling Towers

3.3 Value Chain Analysis: Global Cooling Towers Market

      3.3.1 Raw Material Suppliers

      3.3.2 Cooling Tower Manufacturers

      3.3.3 Distributors

      3.3.4 Maintenance and Other Service Providers

      3.3.5 End-Users

3.4 Market Attractiveness Analysis: Cooling Towers Market, by Heat Transfer Method

3.5 Cooling Tower Materials

      3.5.1 Fiber-reinforced plastics (FRPs) vs. Others

      3.5.2 Market Positioning, Pultruded FRP Cooling Tower Manufacturers, 2013

3.6 Competitive Landscape

      3.6.1 Market Positioning of Key Players for Cooling Towers Market, 2013

 

Chapter 4 Global Cooling Towers Market Revenue, by Type

4.1 Overview

      4.1.1 Global Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

      4.1.2 Comparative Analysis: Global Cooling Towers Market Revenue, by Type, 2013 & 2020 (Value %)

 

Chapter 5 Global Cooling Towers Market Revenue, by Heat Transfer Method

5.1 Overview

      5.1.1 Global Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

      5.1.2 Comparative Analysis: Global Cooling Towers Market Revenue, by heat Transfer Method, 2013 & 2020 (Value %)

 

Chapter 6 Global Cooling Towers Market Revenue, by Application

6.1 Overview

      6.1.1 Global Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

      6.1.2 Comparative Analysis: Global Cooling Towers Market Revenue, by Application, 2013 & 2020 (Value %)

 

Chapter 7 Global Cooling Towers Market Revenue, by Geography

7.1 Overview

      7.1.1 Global Cooling Towers Market Revenue, by Geographic Regions, 2012 – 2020 (US$ Mn)

      7.1.2 Comparative Analysis: Global Cooling Towers Market Revenue, by Geography, 2013 & 2020 (Value %)

7.2 Western Europe Cooling Towers Market

      7.2.1 Western Europe Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

              7.2.1.1 Western Europe Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

              7.2.1.2 Western Europe Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

              7.2.1.3 Western Europe Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

7.3 Eastern Europe Cooling Towers Market

      7.3.1 Eastern Europe Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

              7.3.1.1 Eastern Europe Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

              7.3.1.2 Eastern Europe Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

              7.3.1.3 Eastern Europe Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

7.4 Asia Pacific (Excluding Far East) Cooling Towers Market

      7.4.1 Asia Pacific (excluding Far East) Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

              7.4.1.1 Asia Pacific (excluding Far East) Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

              7.4.1.2 Asia Pacific (excluding Far East) Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

              7.4.1.3 Asia Pacific (excluding Far East) Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

7.5 Southern Africa Cooling Towers Market

      7.5.1 Southern Africa Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

              7.5.1.1 Southern Africa Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

              7.5.1.2 Southern Africa Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

              7.5.1.3 Southern Africa Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

7.6 North America Cooling Towers Market

      7.6.1 North America Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

              7.6.1.1 North America Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

              7.6.1.2 North America Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

              7.6.1.3 North America Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

7.7 RoW Cooling Towers Market

      7.7.1 Rest of the World (RoW) Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

              7.7.1.1 Rest of the World Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

              7.7.1.2 Rest of the World Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

              7.7.1.3 Rest of the World Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

 

Chapter 8 Company Profiles

8.1 SPIG S.p.A.

      8.1.1 Company Overview

      8.1.2 Financial Overview

      8.1.3 Business Strategies

      8.1.4 Recent Developments

8.2 ESINDUS S.A (Hamon Group)

      8.2.1 Company Overview

      8.2.2 Financial Overview

      8.2.3 Business Strategies

      8.2.4 Recent Developments

8.3 FANS a.s.

      8.3.1 Company Overview

      8.3.2 Financial Overview

      8.3.3 Business Strategies

      8.3.4 Recent Developments

8.4 Delta Cooling Towers, Inc.

      8.4.1 Company Overview

      8.4.2 Financial Overview

      8.4.3 Business Strategies

      8.4.4 Recent Developments

8.5 Cooling Tower Depot, Inc.

      8.5.1 Company Overview

      8.5.2 Financial Overview

      8.5.3 Business Strategies

      8.5.4 Recent Developments

8.6 SPX Corporation

      8.6.1 Company Overview

      8.6.2 Financial Overview

      8.6.3 Business Strategies

      8.6.4 Recent Developments

8.7 LIANG CHI INDUSTRY (THAILAND) CO., LTD.

      8.7.1 Company Overview

      8.7.2 Financial Overview

      8.7.3 Business Strategies

      8.7.4 Recent Developments

8.8 Paharpur Cooling Towers Limited

      8.8.1 Company Overview

      8.8.2 Financial Overview

      8.8.3 Business Strategies

      8.8.4 Recent Developments

8.9 Composite Cooling Solutions L.P.

      8.9.1 Company Overview

      8.9.2 Financial Overview

      8.9.3 Business Strategies

      8.9.4 Recent Developments

8.10 TORRAVAL Cooling, S.L.

      8.10.1 Company Overview

      8.10.2 Financial Overview

      8.10.3 Business Strategies

      8.10.4 Recent Developments

8.11 Kimre, Inc.

      8.11.1 Company Overview

      8.11.2 Financial Overview

      8.11.3 Business Strategies

      8.11.4 Recent Developments

8.12 EVAPCO-BLCT Dry Cooling, Inc.

      8.12.1 Company Overview

      8.12.2 Financial Overview

      8.12.3 Business Strategies

      8.12.4 Recent Developments

8.13 GEA Heat Exchangers Group

      8.13.1 Company Overview

      8.13.2 Financial Overview

      8.13.3 Business Strategies

      8.13.4 Recent Developments

8.14 OOO TMIM

      8.14.1 Company Overview

      8.14.2 Financial Overview

      8.14.3 Business Strategies

      8.14.4 Recent Developments

8.15 BROTEP-ECO

      8.15.1 Company Overview

      8.15.2 Financial Overview

      8.15.3 Business Strategies

      8.15.4 Recent Developments

8.16 Cenk Industrial Plants Manufacturing and Contracting, Inc.

      8.16.1 Company Overview

      8.16.2 Financial Overview

      8.16.3 Business Strategies

      8.16.4 Recent Developments

8.17 EvapTech, Inc.

      8.17.1 Company Overview

      8.17.2 Financial Overview

      8.17.3 Business Strategies

      8.17.4 Recent Developments

8.18 Baltimore Aircoil Company

      8.18.1 Company Overview

      8.18.2 Financial Overview

      8.18.3 Business Strategies

      8.18.4 Recent Developments

8.19 Changzhou Kwell Cooling Equipment Co.,Ltd

      8.19.1 Company Overview

      8.19.2 Financial Overview

      8.19.3 Business Strategies

      8.19.4 Recent Developments

List of Figures

 

FIG. 1 Market Segmentation - Global Cooling Towers Market

FIG. 2 Global Cooling Towers Market, 2012 – 2020, Revenue (US$ Mn) and Y-o-Y Growth (%)

FIG. 3 Global Cooling Towers Market Revenue, by Type, 2013 (US$ Mn)

FIG. 4 Global Cooling Towers Market Revenue, by Heat Transfer Method, 2013 (US$ Mn)

FIG. 5 Global Cooling Towers Market Revenue, by Application, 2013 (US$ Mn)

FIG. 6 Global Cooling Towers Market Revenue, by Geography, 2013 (US$ Mn)

FIG. 7 Value Chain: Global Cooling TowersMarket

FIG. 8 Market Attractiveness Analysis: Global Cooling Towers Market, by Heat Exchange Method

FIG. 9 Comparative Analysis: Global Cooling Towers Market Revenue, by Type, 2013 & 2020 (Value %)

FIG. 10 Comparative Analysis: Global Cooling Towers Market Revenue, by heat Transfer Method, 2013 & 2020 (Value %)

FIG. 11 Comparative Analysis: Global Cooling Towers Market Revenue, by Application, 2013 & 2020 (Value %)

FIG. 12 Comparative Analysis: Global Cooling Towers Market Revenue, by Type, 2013 & 2020 (Value %)

FIG. 13 Western Europe Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

FIG. 14 Eastern Europe Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

FIG. 15 Asia Pacific (excluding Far East) Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

FIG. 16 Southern Africa Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

FIG. 17 North America Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

FIG. 18 Rest of the World Cooling Towers Market Revenue, 2012 – 2020 (US$ Mn)

FIG. 19 Hammon Group: Annual Revenue, 2011 - 2013 (US$ Billion)

FIG. 20 FANS a.s.: Annual Revenue, 2011 - 2013 (US$ Million)

FIG. 21 SPX Corporation (SPX Cooling Technologies, Inc.): Annual Revenue, 2011 – 2013 (US$ Billion)

FIG. 22 GEA Heat Exchangers Group: Annual Revenue, 2011 – 2013 (US$ Mn)

List of Tables

 

TABLE 1 Market Snapshot: Cooling Towers Market (2013 & 2020)

TABLE 2 Average GDP Growth Rate (%), 2010-2013 

TABLE 3 Manufacturing, Value Added, Average Growth Rate (%), 2010-2013 

TABLE 4 Impact Analysis of Drivers 

TABLE 5 Leading Players, Pultruded FRP Cooling Towers, 2013 

TABLE 6 Leading Players, Cooling Towers Market (2013)

TABLE 7 Global Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

TABLE 8 Global Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn) 

TABLE 9 Global Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn) 

TABLE 10 Global Cooling Towers Market Revenue, by Geographic Regions, 2012 – 2020 (US$ Mn)

TABLE 11 Western Europe Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn) 

TABLE 12 Western Europe Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn) 

TABLE 13 Western Europe Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

TABLE 14 Eastern Europe Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

TABLE 15 Eastern Europe Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

TABLE 16 Eastern Europe Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

TABLE 17 Asia Pacific (excluding Far East) Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

TABLE 18 Asia Pacific (excluding Far East) Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

TABLE 19 Asia Pacific (excluding Far East) Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn) 

TABLE 20 Southern Africa Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn) 

TABLE 21 Southern Africa Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

TABLE 22 Southern Africa Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

TABLE 23 North America Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)

TABLE 24 North America Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

TABLE 25 North America Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn) 

TABLE 26 Rest of the World Cooling Towers Market Revenue, by Type, 2012 – 2020 (US$ Mn)  

TABLE 27 Rest of the World Cooling Towers Market Revenue, by Heat Transfer Method, 2012 – 2020 (US$ Mn)

TABLE 28 Rest of the World Cooling Towers Market Revenue, by Application, 2012 – 2020 (US$ Mn)

 

Cooling tower is a heat rejection device that removes the unwanted heat from the cooling system in the atmosphere. Cooling tower is used to cool the water circulating in the cooling system. The circulating water is cooled either by evaporation or by blowing air to the warm water. Cooling towers are widely used in different industries such as chemical, oil and gas, food processing, power generation plants and other air-conditioning applications. Cooling towers help in saving large amount of water as it cools and circulates water continuously throughout the cooling system. Rising need for energy efficient cooling towers across different industries is the major factor driving the cooling towers market globally. Furthermore, growing manufacturing industry and large number of upcoming power plant projects are further to bolster the demand for cooling towers during the forecast period.

 

The cooling towers market is segmented based on the types of cooling towers, heat transfer method, applications and geographic regions. The basic types of cooling towers are open cooling towers and closed circuit cooling towers. Different heat transfer methods used in cooling towers are evaporative cooling, dry cooling and hybrid (a combination of evaporative and dry cooling method) cooling method. The cooling towers market is segmented based on its applications as Heating, ventilation, and air conditioning (HVAC), power generation utilities and manufacturing industries. On the basis of geographic regions, cooling towers market is segmented into Western Europe, Eastern Europe, Asia Pacific excluding Far East, Southern Africa, North America and Rest of the World (RoW). RoW comprises South America, Middle East, North Africa and Far East.

 

The research report on the cooling towers market provides a detailed analysis of types and heat transfer methods used in these towers and helps in understanding the major driving forces of cooling towers in different industries. It also provides analysis of the applications of cooling towers market for the next five years. The report includes extensive analysis of the industry drivers, restraints, market trends and market structure. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates cooling towers market based on heat transfer methods used in cooling towers and different geographic regions. The report includes a detailed analysis of the prevalent market situation, company profiles and industry trends of the cooling towers used across different industrial and commercial applications.

 

The detailed value chain analysis helps the market competitors to formulate their business strategies at every stage of their business. Moreover, the market estimates have been analyzed by keeping in mind the several factors which affect the market including but not limited to technological, economical, social, environmental and legal.

 

The key players of cooling towers market have been profiled with a focus on competitive details such as company and financial overview, business strategies and their recent developments. The players profiled in this report include GEA Heat Exchangers Group, Baltimore Aircoil Company, SPIG S.p.A., Hamon Group (Esindus S.A.), SPX Corporation, FANS, a.s., EVAPCO-BLCT Dry Cooling, Inc. (Evapco, Inc.), Paharpur Cooling Towers Ltd., Liang Chi Industry Company Cooling Tower Depot, Inc., Delta Cooling Towers, Inc., Torraval Cooling S.L., Kimre, Inc., OOO TMIM, BROTEP-ECO, Cenk Endüstri Tesisleri Ä°malat ve Taahhüt A.ÅΕΎ., EvapTech, Inc., and Changzhou Kwell Cooling Equipment Co., Ltd.

 

Global Cooling Towers Market Segmentation:

 

Cooling Towers Market Revenue, by Type

  • Open Cooling Towers
  • Closed Circuit Cooling Towers

Global Cooling Towers Market Revenue, By Heat Exchange Method

  • Evaporative
  • Dry Cooling Towers
  • Plume Abatement (Hybrid)

Global Cooling Towers Market Revenue, By Application

  • Air Conditioning
  • Power Generation Utilities
  • Manufacturing Industry

Global Cooling Towers Market Revenue, By Geography

  • Western Europe
  • Eastern Europe
  • Asia Pacific (Excluding Far East)
  • Southern Africa 
  • North America 
  • Rest of the World (Middle East, South America, North Africa and Far East)


 
 
Back To Top