According to SPER Market Research, the Global Cooling Tower Market is evaporative cooling towers, dry cooling towers, and hybrid cooling towers are the three basic types of cooling towers. The evaporation that occurs when air and water come into touch with one another is what gives the evaporative cooling tower its main cooling effect. Cross flow and counter flow cooling tower flow patterns have uses in the chemical, petrochemical, oil & gas, HVACR, food & beverage, power generation, and other industries.
A significant trend in the cooling tower industry is the installation of eco-friendly products. Eco-friendly devices employ water to carry heat instead of air, which is approximately 3,200 times more effective and sustainable. The research provides information on the cooling tower market in important areas. It estimates market growth for numerous market segments based on type, design, flow type, technology, material, application, and region. Its goal is to estimate the cooling tower market’s size throughout the projected period.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 4.7%
- Forecast Market Size (2030): 3.17 Billion
In order to lower the temperature of the water, air and water are forced into direct contact in a heat exchanger, which is what is referred to as the cooling tower market. A little amount of water evaporates throughout the cooling tower operation, lowering the water level that is pumped around the tower.
The evaporation that occurs when air and water come into touch with one another is what gives the evaporative cooling tower its main cooling effect. Cross flow and counter flow cooling tower flow patterns have uses in the chemical, petrochemical, oil & gas, HVACR, food & beverage, power generation, and other industries.
Global Cooling Tower Market Insights, Size and Growth Forecast To 2030
Impact of COVID-19 on the Global Cooling Tower Market
The report delivers insights on COVID-19 considering the changes in consumer behaviour and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The expansion of the cooling tower market is primarily due to companies reorganizing their operations and recovering from the COVID-19 impact, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, resulting in operational challenges. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Global Cooling Tower Market, By Flow:
- Cross Flow
- Counter Flow
The By Type:
- Evaporative Cooling Tower
- Dry Cooling Tower
- Hybrid Cooling Tower
The By Application:
- Power Generation
- Food and beverages
- Other Applications
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Key Market Players:
The Global Cooling Tower Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Agency Science Tech. & Res., Amcot Cooling Tower Corporation, Artech Cooling Towers Pvt. Ltd., Babcock & Wilcox Enterprises Inc., Baltimore Aircoil Company Inc., Bell Cooling Tower, Brentwood Industries Inc., Donghae, Enexio, Evapco Inc., Hamon & Cie, Johnson Controls, Marley Flow Control Pty. Ltd., Mita Cooling Technologies , Nihon Spindle Manufacturing Co. Ltd., Paharpur Cooling Tower Limited, Perfect Cooling Towers Pvt. Ltd., SPX Corporation, Star Cooling Towers Pvt. Ltd., Thermal Care Inc., Thermax Limited, Tower Thermal Pty. Ltd., United Metal Products.
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