The global cooling
tower market foreseen to grow by 4.2%, from USD 2.35 Billion in 2021 to USD 3.27
Billion in 2029. Rising demand from emerging markets in Asia
Pacific, stringent environmental regulations driving demand for cooling towers,
rise in HVACR deployments and growth in industrial activities is seen to drive
the growth of the market. However, sluggish market growth in Europe and North America
yet remains one of the factors hampering the market growth over the estimated
period.
Market Definition
What is Cooling Tower?
Cooling towers
are essentially large boxes designed to maximize evaporation of water. To do
this, they contain material, typically PVC plastic sheets, that create large
surface areas for water evaporation to occur.
Market Overview
The
cooling tower market search study helps to thoroughly understand the
current trend in the market competitive analysis of the players in the emerging
market. Moreover, the DRO in the cooling tower market offers valuable
perspicuity and a current scenario for making the right decision. The research
study covers the eminent players in the market with a detailed analysis of the
company and a financial overview containing their net sales, business mix and
geographical reach It mainly focuses on the key developments of the
products/services offered by the company in recent years. Besides, we at
Zettabyte have the expertise to analyses the global cooling tower market player's
competitive landscape helping the client comprehend their specific strategic
growth approaches.
Cooling tower
market study by "Zettabyte Analytics" offers details about the market
scope, market segmentation, technological advancement in the cooling tower
market and highlights the optimistic, competitive landscape and trends enduring
over the years.
Major players in
the cooling tower market Angel Yeast Co. Ltd., Anheuser-Busch Companies, Asahi
Group Holdings Ltd, Boortmalt, Boston Beer Company, Cargill Incorporated,
Carlsberg, Dogfish Head Craft Brewery Inc., Heineken N.V., Lallemand Inc.,
Lesaffre, Malteurop Groupe, Maltexco S.A., Rahr Corporation, Sierra Nevada
Brewing Co., Simpsons Malt, Squatters Pub, United Breweries Ltd, Viking Malt.
COVID-19 Impact on Global Cooling
Tower Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the cooling tower market
has forced the companies to change their sourcing, pricing, and promotion
strategies. The cooling tower market players are seen focusing more on
optimizing the E-commerce networks with the rising innovations in the digital
sector, which are creating new business models for the energy and power
industry player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and cooling tower
market future markets are analyzed to understand their impact on demand for the
forecast period. Growth rates have been estimated using correlation, regression
and time-series analysis.
Market Segmentation
For the purpose
of this report, the global cooling tower market segmented on the basis of type,
design, material, flow type, technology, application, and region:
Type
|
Dry
Cooling Tower
|
Evaporative
Cooling Tower
|
Hybrid
Cooling Tower
|
|
|
Design
|
Mechanical
Draft
|
Natural
Draft
|
|
|
Material
|
Concrete
|
FRP
|
Steel
|
Wood
|
|
|
Flow
Type
|
Counterflow
|
Crossflow
|
|
|
Technology
|
Close
Circuit
|
Hybrid
Circuit
|
Open
Circuit
|
|
|
Application
|
Chemical
|
Food
& Beverage
|
HVACR
|
Petrochemical
and Oil & Gas
|
Power
Generation
|
Others
|
Type Outlook:
On the basis of
type, the market is segmented into dry cooling tower, evaporative cooling
tower, hybrid cooling tower.
Figure 1 Cooling Tower Market By Type (Market
Size And Forecast By Value - USD Million, 2021 & 2029)

Design Outlook:
On the basis of
design, the market is segmented into mechanical draft, natural draft.
Figure 2 Design Outlook (Revenue, USD
Million, 2021)