Cooling Tower Market Size, Share & Trends Report

Cooling Tower Market Size, Share & Trends Analysis Report By Product (Open-circuit, Closed-circuit, Hybrid), By Material (FRP, Steel, Concrete, Wood), By Application (HVAC, Power Generation, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-1-68038-562-5
Number of Pages: 152
Format: Electronic (PDF)

Historical Range: 2018 - 2022
Industry: Advanced Materials

Market Segmentation

Cooling Towers Product Outlook (Revenue, USD Million, 2018 - 2030)
- Open circuit
- Closed circuit
- Hybrid
Cooling Towers Material Outlook (Revenue, USD Million, 2018 - 2030)
- FRP
- Steel
- Concrete
- Wood
- HDPE
Cooling Towers Application Outlook (Revenue, USD Million, 2018 - 2030)
- HVAC
- Power Generation
- Oil & Gas
- Industrial
Cooling Towers Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Cooling Towers Market, by Product
    - Open-circuit
    - Closed-circuit
    - Hybrid
  - North America Cooling Towers Market, by Material
    - FRP
    - Steel
    - Concrete
    - Wood
    - HDPE
  - North America Cooling Towers Market, by Application
    - HVAC
    - Power Generation
    - Oil & Gas
    - Industrial
  - U.S.
    - U.S. Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - U.S. Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - U.S. Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Canada
    - Canada Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Canada Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Canada Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
- Europe
  - Europe Cooling Towers Market, by Product
    - Open-circuit
    - Closed-circuit
    - Hybrid
  - Europe Cooling Towers Market, by Material
    - FRP
    - Steel
    - Concrete
    - Wood
    - HDPE
  - Europe Cooling Towers Market, by Application
    - HVAC
    - Power Generation
    - Oil & Gas
    - Industrial
  - U.K.
    - U.K. Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - U.K. Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - U.K. Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - France
    - France Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - France Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - France Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Germany
    - Germany Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Germany Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Germany Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Italy
    - Italy Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Italy Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Italy Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Spain
    - Spain Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Spain Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Spain Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
- Asia Pacific
  - Asia Pacific Cooling Towers Market, by Product
    - Open-circuit
    - Closed-circuit
    - Hybrid
  - Asia Pacific Cooling Towers Market, by Material
    - FRP
    - Steel
    - Concrete
    - Wood
    - HDPE
  - Asia Pacific Cooling Towers Market, by Application
    - HVAC
    - Power Generation
    - Oil & Gas
    - Industrial
  - China
    - China Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - China Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - China Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - India
    - India Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - India Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - India Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Japan
    - Japan Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Japan Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Japan Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Australia
    - Australia Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Australia Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Australia Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - South Korea
    - South Korea Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - South Korea Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - South Korea Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
- Latin America
  - Latin America Cooling Towers Market, by Product
    - Open-circuit
    - Closed-circuit
    - Hybrid
  - Latin America Cooling Towers Market, by Material
    - FRP
    - Steel
    - Concrete
    - Wood
    - HDPE
  - Latin America Cooling Towers Market, by Application
    - HVAC
    - Power Generation
    - Oil & Gas
    - Industrial
  - Brazil
    - Brazil Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Brazil Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Brazil Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Mexico
    - Mexico Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Mexico Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Mexico Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Argentina
    - Argentina Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Argentina Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Argentina Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
- Middle East & Africa
  - Middle East & Africa Cooling Towers Market, by Product
    - Open-circuit
    - Closed-circuit
    - Hybrid
  - Middle East & Africa Cooling Towers Market, by Material
    - FRP
    - Steel
    - Concrete
    - Wood
    - HDPE
  - Middle East & Africa Cooling Towers Market, by Application
    - HVAC
    - Power Generation
    - Oil & Gas
    - Industrial
  - South Africa
    - South Africa Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - South Africa Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - South Africa Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - UAE
    - UAE Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - UAE Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - UAE Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial
  - Saudi Arabia
    - Saudi Arabia Cooling Towers Market, by Product
      - Open-circuit
      - Closed-circuit
      - Hybrid
    - Saudi Arabia Cooling Towers Market, by Material
      - FRP
      - Steel
      - Concrete
      - Wood
      - HDPE
    - Saudi Arabia Cooling Towers Market, by Application
      - HVAC
      - Power Generation
      - Oil & Gas
      - Industrial

Cooling Tower Market Dynamics

Driver: Surging Demand for Plume Abatement

The plume abatement strategy is used to overcome the visible emissions caused by cooling towers. In cooling towers, condensation results in a visible outflow of air and moisture known as a plume. The operations of the airport control tower can be impacted by power plant plumes, which can reduce visibility on roads, runways, and aircraft flight routes. As a result of efforts to eliminate or diminish the plume produced by the condensation of discharged moisture/air from cooling towers, the industry has witnessed a noticeable interest in the adoption of plume abatement devices during the past few years.

The plume abatement method is utilized in places where a plume is unacceptable under normal circumstances, such as in hospitals, data centers, and other critical facilities. Plume abatement also enhances the productivity of cooling towers and aids in water conservation. In response to the current need for reducing moisture discharge, which is a result of evaporation, plume abatement has become a prominent product offered by manufacturers. Additionally, plume abatement offers several other advantages, including safety, the ability to be retrofitted, and the ability to conserve water, all of which are anticipated to fuel the demand for cooling towers throughout the forecast period.

Driver: Technological Advancement

Applications of cooling towers such as HVAC and power generation are pretty demanding and often need component capabilities that help address several environmental and operational challenges. In addition to these concerns, energy costs and operational efficiency are also gaining importance among building owners as well as plant operators, particularly in heavy industrial applications. Given these factors, manufacturers are focusing on improving cooling tower technology for power, HVAC, and industrial applications.

The advancements in technology are expected to provide enhanced cooling capacities, improved installation & energy savings, fewer components, and ease of maintenance, which is expected to escalate the growth of the cooling towers market over the forecast period. As per industry experts, developments in the factory-assembled cooling tower technology are anticipated to increase the cooling capacity per cell by more than 50%, which would further provide avenues for enhancing the features of packaged towers that support industrial processes and HVAC applications.

Restraint: Environmental Concerns Associated With Cooling Towers

The growth of the market for cooling towers is anticipated to be impacted by several environmental concerns. The water droplets in the air stream of a cooling tower are one such issue. If hazardous bacteria or chemicals are present, these droplets run the risk of contaminating the environment. Additionally, any drift loss makes the area around the cooling tower moist, which increases the possibility of the formation of mineral deposits or ice around the machinery.

Further, the bacteria and chemicals carried through the droplets are known to hurt the environment and become transporters of lethal pathogens, such as Legionella pneumophila, which is a bacterium that causes Legionnaires Disease. However, this issue has been addressed with the usage of drift eliminators in cooling towers. Several end users counter this problem with the implementation of drift eliminators that disrupt the process of unwanted microbial growth, subsequently interrupting their ability to function, grow, or reproduce. However, installing drift eliminators alone does not suffice to eliminate bacterial issues, as regular maintenance and proper water treatment are also necessary to prevent bacterial growth.

What Does This Report Include?

This section will provide insights into the contents included in this cooling tower market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Cooling tower market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Cooling tower market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

Or view our licence options:

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

ESOMAR certified & member

ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.