冷却塔の市場レポート：塔タイプ別、フロータイプ別、設計別、建設材料別、エンドユーザー別、地域別、2025～2033年

世界の冷却塔の市場規模は2024年に31億米ドルに達しました。IMARC Groupは、2025～2033年にかけての成長率（CAGR）は3.8%で、2033年には44億米ドルに達すると予測しています。同市場は、エネルギーコストの上昇とエネルギー支出に関連する懸念、さまざまな産業事業における持続可能な対策の採用の増加、デジタル技術とクラウドコンピューティングの統合の増加などを背景に、着実な成長を遂げています。

冷却塔市場の動向

エネルギー効率重視の高まり

エネルギーコストの上昇により、企業は省エネを重視しています。冷却塔は、発電施設、HVACシステム、産業作業で発生する熱を放散するために不可欠です。革新的な冷却塔は、経済的で環境に優しいソリューションへの需要の高まりを受けて、メーカーによって開発されています。市場プレーヤーは、優れた材料と技術を使用してエネルギー効率を最大化することで最先端のシステムを開発しています。さらに、可変周波数駆動装置（VFD）を搭載した冷却塔は、冷却負荷に応じてファンの回転数を変更できるため、エネルギーの節約につながります。さらに、熱性能を維持しながら水の使用量を削減することで、ハイブリッド冷却塔はより高い効率を実現します。企業が二酸化炭素排出量と運転経費の削減を求めるにつれ、エネルギー効率の高い冷却塔の需要が高まっています。2023年3月20日、Babcock & Wilcox (B&W)は、B&W Environmental事業部門が中東のクリーン水素製造施設向けに2つの冷却システムを設計・供給する契約を900万米ドル以上で受注したと発表しました。B&W Environmentalは、SPIG（R）ガラス繊維強化ポリマー（FRP）冷却塔2基を供給し、再生可能エネルギー源を使用して水素を製造するプラントに効率的で低排出ガスな冷却を提供します。

産業の拡大

新興国を中心とした産業活動の拡大が、冷却塔市場の成長を後押ししています。効果的な冷却システムは、データセンター、製造、石油化学、電力生産など、さまざまな産業にとって、製品の品質と操業効率を維持するために不可欠です。新興国では急速な工業化と都市化が進み、電力、製造品、インフラに対する需要が増加しています。生産活動や発電時に発生する余剰熱を分散させるために、効率的な冷却ソリューションが求められています。冷却塔は、温度を制御することで、産業施設の継続的な操業を維持する上で重要な役割を果たしています。さらに、デジタル技術とクラウドコンピューティングがもたらすデータセンター分野の複雑化により、高密度サーバーから発生する熱負荷を管理できる冷却ソリューションの必要性が加速しています。IMARC Groupは、世界のデータセンターの市場規模が2032年までに4,618億米ドルに達すると予測しています。

厳しい環境規制

各国の政府機関は、節水や排出規制に関連した厳しい環境規制を実施しており、冷却塔市場の見通しを好転させています。水不足に対処し、揮発性有機化合物（VOC）を含む汚染物質の排出を抑制するために、厳格な基準が義務付けられています。冷却塔は水を大量に消費する性質があるため、こうした規制に関連しています。節水義務に対応するため、冷却塔メーカーは、従来の蒸発式冷却システムと比較して水消費量を削減できる乾式冷却塔などの革新的なソリューションを開発しています。これらの節水技術は、産業界が規制要件を満たすのに役立つだけでなく、持続可能な取り組みにも貢献します。さらに、排出規制は有害な汚染物質の大気への放出を最小限に抑えることを目的としています。冷却塔は、粒子状物質やその他の物質を排出することで、大気質の問題を助長する可能性があります。この懸念に対処するため、最新の冷却塔には高度なろ過システムと大気質制御装置が装備され、排出基準を確実に遵守しています。2023年11月28日、Hydroleapはシンガポールを拠点とするデータセンターの機械・電気（M&E）インフラソリューションの大手プロバイダーであるIX Technology (IXT)との戦略的パートナーシップを発表しました。これは、冷却塔の水管理を変革し、データセンター業界の組織が水の消費量を削減し、化学物質の使用量を減らし、二酸化炭素排出量を削減し、規制コンプライアンスを改善できるようにすることを目的としています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

第5章 世界の冷却塔市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：塔タイプ別

• 開放回路型冷却塔
• 閉回路型冷却塔
• ハイブリッド冷却塔

第7章 市場内訳：フロータイプ別

• クロスフロー
• カウンターフロー

第8章 市場内訳：設計別

• 機械通風式冷却塔
• 自然通風式冷却塔

第9章 市場内訳：建築材料別

• 繊維強化プラスチック（FRP）
• 鋼鉄
• コンクリート
• 木材
• 高密度ポリエチレン（HDPE）
• その他

第10章 市場内訳：エンドユーザー別

• 化学
• 空調設備
• 石油化学および石油・ガス
• 発電
• 飲食品
• その他

第11章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋地域
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ

第12章 SWOT分析

第13章 バリューチェーン分析

第14章 ポーターのファイブフォース分析

第15章 価格分析

第16章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Babcock & Wilcox Enterprises Inc.
  • Baltimore Aircoil Company Inc.（Amsted Industries Inc.）
  • Brentwood Industries Inc.
  • Delta Cooling Towers Inc.
  • ENEXIO Management GmbH
  • Hamon Corporation（Hamon & Cie）
  • International Cooling Tower Inc.
  • Johnson Controls Inc.
  • SPX Cooling Technologies Inc.
  • Reymsa Cooling Towers Inc.
  • Thermal Care Inc.（IPEG Inc.）
  • Thermax Limited（RDA Holdings Private Limited）

List of Figures

• Figure 1: Global: Cooling Tower Market: Major Drivers and Challenges
• Figure 2: Global: Cooling Tower Market: Sales Value (in Billion USD), 2019-2024
• Figure 3: Global: Cooling Tower Market: Breakup by Tower Type (in %), 2024
• Figure 4: Global: Cooling Tower Market: Breakup by Flow Type (in %), 2024
• Figure 5: Global: Cooling Tower Market: Breakup by Design (in %), 2024
• Figure 6: Global: Cooling Tower Market: Breakup by Construction Material (in %), 2024
• Figure 7: Global: Cooling Tower Market: Breakup by End-User (in %), 2024
• Figure 8: Global: Cooling Tower Market: Breakup by Region (in %), 2024
• Figure 9: Global: Cooling Tower Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 10: Global: Cooling Tower (Open-Circuit) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 11: Global: Cooling Tower (Open-Circuit) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 12: Global: Cooling Tower (Closed-Circuit) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 13: Global: Cooling Tower (Closed-Circuit) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 14: Global: Cooling Tower (Hybrid) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 15: Global: Cooling Tower (Hybrid) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 16: Global: Cooling Tower (Cross Flow) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 17: Global: Cooling Tower (Cross Flow) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 18: Global: Cooling Tower (Counter Flow) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 19: Global: Cooling Tower (Counter Flow) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 20: Global: Cooling Tower (Mechanical Draft) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 21: Global: Cooling Tower (Mechanical Draft) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 22: Global: Cooling Tower (Natural Draft) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 23: Global: Cooling Tower (Natural Draft) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 24: Global: Cooling Tower (Fiber-Reinforced Plastic-FRP) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 25: Global: Cooling Tower (Fiber-Reinforced Plastic-FRP) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 26: Global: Cooling Tower (Steel) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 27: Global: Cooling Tower (Steel) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 28: Global: Cooling Tower (Concrete) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 29: Global: Cooling Tower (Concrete) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 30: Global: Cooling Tower (Wood) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 31: Global: Cooling Tower (Wood) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 32: Global: Cooling Tower (High-Density Polyethylene-HDPE) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 33: Global: Cooling Tower (High-Density Polyethylene-HDPE) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 34: Global: Cooling Tower (Other Construction Materials) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 35: Global: Cooling Tower (Other Construction Materials) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 36: Global: Cooling Tower (Chemical) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 37: Global: Cooling Tower (Chemical) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 38: Global: Cooling Tower (HVAC) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 39: Global: Cooling Tower (HVAC) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 40: Global: Cooling Tower (Petrochemicals and Oil & Gas) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 41: Global: Cooling Tower (Petrochemicals and Oil & Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 42: Global: Cooling Tower (Power Generation) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 43: Global: Cooling Tower (Power Generation) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 44: Global: Cooling Tower (Food and Beverages) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 45: Global: Cooling Tower (Food and Beverages) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 46: Global: Cooling Tower (Other End-Users) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 47: Global: Cooling Tower (Other End-Users) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 48: North America: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 49: North America: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 50: United States: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 51: United States: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 52: Canada: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 53: Canada: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 54: Asia Pacific: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 55: Asia Pacific: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 56: China: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 57: China: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 58: Japan: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 59: Japan: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 60: India: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 61: India: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 62: South Korea: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 63: South Korea: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 64: Australia: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 65: Australia: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 66: Indonesia: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 67: Indonesia: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 68: Others: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 69: Others: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 70: Europe: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 71: Europe: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 72: Germany: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 73: Germany: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 74: France: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 75: France: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 76: United Kingdom: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 77: United Kingdom: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 78: Italy: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 79: Italy: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 80: Spain: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 81: Spain: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 82: Russia: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 83: Russia: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 84: Others: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 85: Others: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 86: Latin America: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 87: Latin America: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 88: Brazil: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 89: Brazil: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 90: Mexico: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 91: Mexico: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 92: Others: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 93: Others: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 94: Middle East and Africa: Cooling Tower Market: Sales Value (in Million USD), 2019 & 2024
• Figure 95: Middle East and Africa: Cooling Tower Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 96: Global: Cooling Tower Industry: SWOT Analysis
• Figure 97: Global: Cooling Tower Industry: Value Chain Analysis
• Figure 98: Global: Cooling Tower Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Cooling Tower Market: Key Industry Highlights, 2024 and 2033
• Table 2: Global: Cooling Tower Market Forecast: Breakup by Tower Type (in Million USD), 2025-2033
• Table 3: Global: Cooling Tower Market Forecast: Breakup by Flow Type (in Million USD), 2025-2033
• Table 4: Global: Cooling Tower Market Forecast: Breakup by Design (in Million USD), 2025-2033
• Table 5: Global: Cooling Tower Market Forecast: Breakup by Construction Material (in Million USD), 2025-2033
• Table 6: Global: Cooling Tower Market Forecast: Breakup by End-User (in Million USD), 2025-2033
• Table 7: Global: Cooling Tower Market Forecast: Breakup by Region (in Million USD), 2025-2033
• Table 8: Global: Cooling Tower Market Structure
• Table 9: Global: Cooling Tower Market: Key Players

The global cooling tower market size reached USD 3.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.8% during 2025-2033. The market is experiencing steady growth driven by heightened energy costs and concerns associated with energy expenditure, rising adoption of sustainable measures in various industrial operations, and increasing integration of digital technologies and cloud computing.

Cooling Tower Market Trends:

Rising Focus on Energy Efficiency

Organizations are emphasizing energy conservation due to rising energy costs. Cooling towers are essential as they dissipate heat produced by power production facilities, HVAC systems, and industrial operations. Innovative cooling towers are developed by manufacturers in response to the increasing need for economical and eco-friendly solutions. Market players are developing cutting-edge systems by using superior materials and technology to maximize energy efficiency. Furthermore, cooling towers equipped with variable frequency drives (VFDs) can modify fan speeds in accordance with the cooling load, leading to energy savings. Additionally, by reducing water use while preserving thermal performance, hybrid cooling towers offer greater efficiency. As businesses seek to reduce their carbon footprint and operating expenses, the energy-efficient cooling tower demand increases. On 20 March 2023, Babcock & Wilcox (B&W) announced that its B&W Environmental business segment has been awarded a contract for more than US$ 9 Million to design and supply two cooling systems for a clean hydrogen production facility in the Middle East. B&W Environmental will supply two SPIG(R) fiberglass-reinforced polymer (FRP) cooling towers to provide efficient and low-emissions cooling for a plant that will use renewable energy sources to produce hydrogen.

Industrial expansion

The expansion of industrial activities, particularly in emerging economies, is propelling the cooling tower market growth. Effective cooling systems are essential for a variety of industries including data centers, manufacturing, petrochemicals, and power production, in order to preserve both product quality and operational effectiveness. Emerging economies are experiencing rapid industrialization and urbanization, leading to increased demand for electricity, manufactured goods, and infrastructure. Efficient cooling solutions are required to disperse surplus heat produced during production operations and power generation. Cooling towers play a crucial role in maintaining continuous operations in industrial facilities by controlling the temperature. In addition, the growing complexity in the data center sector brought by the digital technologies and cloud computing is accelerating the need for cooling solutions that can manage heat loads produced by high-density servers. The IMARC Group predicts that the global data center market size will hit US$ 461.8 Billion by 2032.

Stringent environmental regulations

Governing agencies of various countries are implementing stringent environmental regulations related to water conservation and emissions control, which is offering a positive cooling tower market outlook. They are mandating rigorous standards to address water scarcity and curb emissions of pollutants including volatile organic compounds (VOCs). Cooling towers are linked to these regulations due to their water-intensive nature. To comply with water conservation mandates, cooling tower manufacturers are developing innovative solutions such as dry cooling towers, which assist in reducing water consumption as compared to traditional evaporative cooling systems. These water-saving technologies not only help industries meet regulatory requirements but also contribute to sustainability efforts. Furthermore, emissions control regulations aim to minimize the release of harmful pollutants into the atmosphere. Cooling towers can contribute to air quality challenges through the emission of particulate matter and other substances. To address this concern, modern cooling towers are equipped with advanced filtration systems and air quality controls to ensure compliance with emission standards. On 28 November 2023, Hydroleap announced a strategic partnership with IX Technology (IXT), a leading Singapore-based provider of data center mechanical and electrical (M&E) infrastructure solutions. This is aimed at transforming water management in cooling towers and allowing organizations in the data center industry to reduce water consumption, lower chemical use, bring down the carbon footprint, and improve regulatory compliance.

Cooling Tower Market Segmentation:

Breakup by Tower Type:

• Open-Circuit Cooling Towers
• Closed-Circuit Cooling Towers
• Hybrid Cooling Towers

Open-circuit cooling towers account for the majority of the market share

The open design of open-circuit cooling towers permits direct contact between the process water and surrounding air, giving them their distinctive feature. Open-circuit cooling towers are employed in many different industrial applications, especially in the heavy manufacturing and power plant sectors. They are also well-known for being reasonably priced and excellent at dissipating substantial amounts of heat. They are dependent on a constant supply of water since evaporation occurs continuously.

Breakup by Flow Type:

• Cross Flow
• Counter Flow

Cross flow holds the largest share of the industry

Cross flow cooling towers are renowned for their small size and effective construction. They facilitate efficient heat exchange by having water and air flows that are perpendicular to one another. They are utilized in diverse industrial applications, including as small- to medium-sized industrial operations, commercial buildings, and HVAC systems. These towers have a reputation for being dependable and simple to maintain. Their cost-effectiveness is leading to their widespread acceptance, making them a preferred solution for sectors looking to balance cooling system affordability and performance.

Breakup by Design:

• Mechanical Draft Cooling Tower
• Natural Draft Cooling Tower

Mechanical draft cooling tower represents the leading market segment

Mechanical draft cooling towers rely on mechanical components such as fans or blowers to create airflow through the tower, enhancing the heat exchange process. They are widely used across industries because of their flexibility and ability to maintain consistent performance even in variable environmental conditions. They offer precise control over airflow, making them suitable for applications with specific cooling requirements. They are commonly found in power plants, manufacturing facilities, and HVAC systems where efficient cooling is essential. The dominance of mechanical draft cooling towers can be attributed to their adaptability, reliability, and ability to deliver efficient thermal performance. On 21 August 2023, John Cockerill Hamon announced that it would build the world's largest induced draft cooling tower for the world's largest natural gas deposit in Qatar.

Breakup by Construction Material:

• Fiber-Reinforced Plastic (FRP)
• Steel
• Concrete
• Wood
• High-Density Polyethylene (HDPE)
• Others

Fiber-reinforced plastic (FRP) exhibits a clear dominance in the market

Fiber-reinforced plastic (FRP) cooling towers are known for their durability, corrosion resistance, and lightweight properties. FRP is a composite material that combines a polymer matrix with reinforcing fibers, typically glass or carbon. FRP cooling towers are used across various industries on account of their ability to withstand harsh environmental conditions and aggressive chemicals. Their low maintenance requirements and long lifespan make them a cost-effective choice. FRP can provide reliable cooling solutions for a wide range of applications.

Breakup by End-User:

• Chemical
• HVAC
• Petrochemicals and Oil and Gas
• Power Generation
• Food and Beverages
• Others

Power generation dominates the market

Power generation relies on cooling towers to dissipate the heat generated during electricity production. Whether in coal, natural gas, nuclear, or renewable energy plants, cooling towers are integral for maintaining safe operating temperatures. Their efficient heat removal capabilities are essential for ensuring the continuous and reliable operation of power plants. The need for cooling towers in the power generation sector is driven by the growing need for electricity worldwide.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Asia Pacific leads the market, accounting for the largest cooling tower market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for cooling tower.

In the Asia Pacific region, various industrial activities like manufacturing and petrochemicals are driving the demand for cooling towers to dissipate heat and maintain operational efficiency. Besides this, favorable government initiatives are bolstering the market growth. In addition, the thriving power generation industry, particularly in India and China, represent cooling tower market recent opportunities in the region. For instance, the India Climate and Energy Dashboard (ICED) stated that the total power installed capacity recorded 442.77 GW as of 30 April 2024 in India.

Competitive Landscape:

• The research market report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the cooling tower industry include Babcock & Wilcox Enterprises Inc., Baltimore Aircoil Company Inc. (Amsted Industries Inc.), Brentwood Industries Inc., Delta Cooling Towers Inc., ENEXIO Management GmbH, Hamon Corporation (Hamon & Cie), International Cooling Tower Inc., Johnson Controls Inc., SPX Cooling Technologies Inc., Reymsa Cooling Towers Inc., Thermal Care Inc. (IPEG Inc.), and Thermax Limited (RDA Holdings Private Limited).

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

• Key players in the market are engaging in several strategic initiatives to maintain their competitive edge. These initiatives include continuous research and development (R&D) to enhance the efficiency and sustainability of cooling towers, with a focus on incorporating advanced materials and technologies. Additionally, top players are expanding their global presence through mergers and acquisitions (M&As) and partnerships to tap into emerging markets, diversify their product portfolios, and increase their cooling tower market revenue. Furthermore, the rising emphasis on providing customized solutions to meet the specific needs of various industries such as power generation, petrochemicals, and data centers is supporting the market growth. This customer-centric approach allows key players to address unique cooling challenges and strengthen their market position as trusted providers of cooling solutions. On 21 April 2023, Baltimore Aircoil Company (BAC), the global leader in modular evaporative cooling equipment, showcased its innovative suite of cooling tower solutions for the steel industry at AISTech 2023.

Key Questions Answered in This Report

• 1.How big is the cooling tower market?
• 2.What is the future outlook of the cooling tower market?
• 3.What are the key factors driving the cooling tower market?
• 4.Which region accounts for the largest cooling tower market share?
• 5.Which are the leading companies in the global cooling tower market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Cooling Tower Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Tower Type

• 6.1 Open-Circuit Cooling Towers
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Closed-Circuit Cooling Towers
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Hybrid Cooling Towers
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Flow Type

• 7.1 Cross Flow
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Counter Flow
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Design

• 8.1 Mechanical Draft Cooling Tower
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Natural Draft Cooling Tower
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast

9 Market Breakup by Construction Material

• 9.1 Fiber-Reinforced Plastic (FRP)
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Steel
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Concrete
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Wood
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 High-Density Polyethylene (HDPE)
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast
• 9.6 Others
  • 9.6.1 Market Trends
  • 9.6.2 Market Forecast

10 Market Breakup by End-User

• 10.1 Chemical
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 HVAC
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 Petrochemicals and Oil & Gas
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Power Generation
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Food and Beverages
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast
• 10.6 Others
  • 10.6.1 Market Trends
  • 10.6.2 Market Forecast

11 Market Breakup by Region

• 11.1 North America
  • 11.1.1 United States
    • 11.1.1.1 Market Trends
    • 11.1.1.2 Market Forecast
  • 11.1.2 Canada
    • 11.1.2.1 Market Trends
    • 11.1.2.2 Market Forecast
• 11.2 Asia Pacific
  • 11.2.1 China
    • 11.2.1.1 Market Trends
    • 11.2.1.2 Market Forecast
  • 11.2.2 Japan
    • 11.2.2.1 Market Trends
    • 11.2.2.2 Market Forecast
  • 11.2.3 India
    • 11.2.3.1 Market Trends
    • 11.2.3.2 Market Forecast
  • 11.2.4 South Korea
    • 11.2.4.1 Market Trends
    • 11.2.4.2 Market Forecast
  • 11.2.5 Australia
    • 11.2.5.1 Market Trends
    • 11.2.5.2 Market Forecast
  • 11.2.6 Indonesia
    • 11.2.6.1 Market Trends
    • 11.2.6.2 Market Forecast
  • 11.2.7 Others
    • 11.2.7.1 Market Trends
    • 11.2.7.2 Market Forecast
• 11.3 Europe
  • 11.3.1 Germany
    • 11.3.1.1 Market Trends
    • 11.3.1.2 Market Forecast
  • 11.3.2 France
    • 11.3.2.1 Market Trends
    • 11.3.2.2 Market Forecast
  • 11.3.3 United Kingdom
    • 11.3.3.1 Market Trends
    • 11.3.3.2 Market Forecast
  • 11.3.4 Italy
    • 11.3.4.1 Market Trends
    • 11.3.4.2 Market Forecast
  • 11.3.5 Spain
    • 11.3.5.1 Market Trends
    • 11.3.5.2 Market Forecast
  • 11.3.6 Russia
    • 11.3.6.1 Market Trends
    • 11.3.6.2 Market Forecast
  • 11.3.7 Others
    • 11.3.7.1 Market Trends
    • 11.3.7.2 Market Forecast
• 11.4 Latin America
  • 11.4.1 Brazil
    • 11.4.1.1 Market Trends
    • 11.4.1.2 Market Forecast
  • 11.4.2 Mexico
    • 11.4.2.1 Market Trends
    • 11.4.2.2 Market Forecast
  • 11.4.3 Others
    • 11.4.3.1 Market Trends
    • 11.4.3.2 Market Forecast
• 11.5 Middle East and Africa
  • 11.5.1 Market Trends
  • 11.5.2 Market Breakup by Country
  • 11.5.3 Market Forecast

12 SWOT Analysis

• 12.1 Overview
• 12.2 Strengths
• 12.3 Weaknesses
• 12.4 Opportunities
• 12.5 Threats

13 Value Chain Analysis

14 Porters Five Forces Analysis

• 14.1 Overview
• 14.2 Bargaining Power of Buyers
• 14.3 Bargaining Power of Suppliers
• 14.4 Degree of Competition
• 14.5 Threat of New Entrants
• 14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

• 16.1 Market Structure
• 16.2 Key Players
• 16.3 Profiles of Key Players
  • 16.3.1 Babcock & Wilcox Enterprises Inc.
    • 16.3.1.1 Company Overview
    • 16.3.1.2 Product Portfolio
  • 16.3.2 Baltimore Aircoil Company Inc. (Amsted Industries Inc.)
    • 16.3.2.1 Company Overview
    • 16.3.2.2 Product Portfolio
  • 16.3.3 Brentwood Industries Inc.
    • 16.3.3.1 Company Overview
    • 16.3.3.2 Product Portfolio
  • 16.3.4 Delta Cooling Towers Inc.
    • 16.3.4.1 Company Overview
    • 16.3.4.2 Product Portfolio
  • 16.3.5 ENEXIO Management GmbH
    • 16.3.5.1 Company Overview
    • 16.3.5.2 Product Portfolio
  • 16.3.6 Hamon Corporation (Hamon & Cie)
    • 16.3.6.1 Company Overview
    • 16.3.6.2 Product Portfolio
    • 16.3.6.3 Financials
  • 16.3.7 International Cooling Tower Inc.
    • 16.3.7.1 Company Overview
    • 16.3.7.2 Product Portfolio
  • 16.3.8 Johnson Controls Inc.
    • 16.3.8.1 Company Overview
    • 16.3.8.2 Product Portfolio
  • 16.3.9 SPX Cooling Technologies Inc.
    • 16.3.9.1 Company Overview
    • 16.3.9.2 Product Portfolio
  • 16.3.10 Reymsa Cooling Towers Inc.
    • 16.3.10.1 Company Overview
    • 16.3.10.2 Product Portfolio
  • 16.3.11 Thermal Care Inc. (IPEG Inc.)
    • 16.3.11.1 Company Overview
    • 16.3.11.2 Product Portfolio
  • 16.3.12 Thermax Limited (RDA Holdings Private Limited)
    • 16.3.12.1 Company Overview
    • 16.3.12.2 Product Portfolio