VALIDATED EXECUTIVE ENGAGEMENTS
POOL + OUTREACH
467
Number of executives repeatedly engaged by snail & email outreach
INTERACTIONS
93
Interactions with Platform & by Email
PARTICIPANTS
19
Unique # Participated
VALIDATIONS
9
Responses Validated*
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DATE
JULY 2020
TABLES
114
PAGES
213
EDITION
16
PRICE
USD $5600
The U.S. Economy is Reinventing Itself to Weather Economic Storms.
Here's An Analytical Window into the Changing Opportunities.
Amid the COVID-19 crisis, the global market for Cooling Towers estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. Heavy Industrial & Utility, one of the segments analyzed in the report, is projected to record a 3.1% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Air Conditioning/HVAC segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The Cooling Towers market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$992.5 Million by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
In the global Chemicals & Petrochemicals segment, USA, Canada, Japan, China and Europe will drive the 1.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$597.5 Million in the year 2020 will reach a projected size of US$664.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$673.1 Million by the year 2027, while Latin America will expand at a 2.6% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 213-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Babcock & Wilcox SPIG; Baltimore Aircoil Company; BELL COOLING TOWERS; BERG Chilling Systems, Inc.; Brentwood Industries, Inc.; Composite Cooling Solutions; Cooling Tower Depot, Inc.; Cooling Tower Systems, Inc.; Delta Cooling Towers, Inc.; Enexio; ENGIE Refrigeration GmbH; Evapco, Inc.; Evaptech, Inc.; Ilmed Impianti Srl; International Cooling Tower; Kelvion Holding GmbH; Liang Chi Industry (Thailand) Co., Ltd.; Mesan Cooling Tower Ltd.; Paharpur Cooling Towers Limited; REYMSA COOLING TOWERS, Inc.; Ryowo Holding Co., Ltd.; SPX Cooling Technologies, Inc.; Star Cooling Towers; Superchill Australia Pty Ltd.; Thermal Care, Inc.
» End-Use (Heavy Industrial & Utility, Air Conditioning/HVAC, Chemicals & Petrochemicals, Other End-Uses)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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05
| I. INTRODUCTION, METHODOLOGY & REPORT SCOPE |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| A Popular Type of Heat Exchanger, Cooling Towers Play a Key Role in Industrial Process Heat Management |
| Recent Market Activity |
| With Global GDP Now Plateauing, It is a Mixed Bag of Opportunities & Challenges for the Cooling Towers Market |
| Global PMI Weakens Through the 12-Months of 2018, Triggering Concerns Over the Health of the Manufacturing Industry in 2019 |
| Market Outlook |
| Global Competitor Market Shares |
| Cooling Towers Competitor Market Share Scenario Worldwide (in %): 2020 & 2029 |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| Baltimore Aircoil Company (USA) |
| BERG Chilling Systems, Inc. (Canada) |
| Bell Cooling Towers (India) |
| Brentwood Industries, Inc. (USA) |
| B&W SPIG (Italy) |
| Composite Cooling Solutions (USA) |
| Cooling Tower Depot, Inc. (USA) |
| Cooling Tower Systems, Inc. (USA) |
| Delta Cooling Towers, Inc. (USA) |
| Enexio (Germany) |
| ENGIE Refrigeration GmbH (Germany) |
| Evapco, Inc. (USA) |
| Evaptech, Inc. (USA) |
| HAMON SA (Belgium) |
| Ilmed Impianti Srl (Italy) |
| International Cooling Tower, Inc. (USA) |
| Kelvion Holding GmbH (Germany) |
| Liang Chi Industry (Thailand) Co., Ltd. |
| Mesan Cooling Tower Ltd. (Hong Kong) |
| Paharpur Cooling Towers Limited (India) |
| REYMSA COOLING TOWERS, INC. (USA) |
| Ryowo Holding Co., Ltd. (Hong Kong) |
| SPX Cooling Technologies, Inc. (USA) |
| Star Cooling Towers (USA) |
| Superchill Australia Pty Ltd. (Australia) |
| Thermal Care, Inc (USA) |
| 3. MARKET TRENDS & DRIVERS |
| Key Market Trends, Drivers & Challenges |
| Artificial Intelligence & Electronification of Controls Make a Disruptive Impact on Cooling Tower Performance Monitoring & Operation |
| As Hidden Profit Centers, Energy Efficient Cooling Towers Grow in Prominence |
| Medley of Factors Dole Out Challenges & Opportunities in Equal Measure for Cooling Towers in the Global Oil Refining Market |
| Recovery in Construction Activity Spurs Demand for Rooftop Packaged HVAC Cooling Towers |
| Focus on Renewable Energy: A Double Win for Cooling Towers in the Energy Sector |
| Rising Global Energy Needs Drives Stable Growth of Cooling Towers in the Power Generation/Utilities Sector |
| As the Icon of Thermal Energy Generation,Large Cooling Towers Will Continue to Find Attractive Opportunities in Coal Fired Power Plants |
| Focus on Renewable Energy: A Double Win for Cooling Towers in the Energy Sector |
| Expected Revival of Nuclear Energy to Drive Opportunities in the Cooling Towers Market |
| Uncertainties Resurface After Two Years of Recovery in the Mining Industry, Throwing MineCooling Towers Back Into Stress |
| As Deep Mines Begin to Invade the Earth’s Forbidden Zone, Efficient Mine Cooling Towers Will Grow in Prominence Over the Long-Term Period |
| Evaporative Credits Offered by Utilities Strengthens the Business Case for the Use of Cooling Towers |
| Healthy Outlook for the World Chemical Industry Extends a Fillip to Cooling Towers Demand |
| Healthy Market for Processed Food to Benefit Demand for Cooling Towers in the Food Processing Sector |
| Stringent Environmental Norms & Worsening Water Shortages Drive Demand for Closed Circuit Dry Cooling Towers |
| Hybrid Cooling Towers Rise in Importance & Commercial Value |
| Technology Innovations Remain Critical to Growth |
| Next-generation Factory Assembled Cooling Towers to Positively Impact Bottom Line of HVAC and Industrial Processes |
| Advancements in Plume Abatement Technologies and Drift Eliminators to Address Environmental Concerns |
| New Design and Material Innovations Increase Cooling Efficiency |
| Electric Pulse Technology, an Alternative to Water Treatment Chemicals in Cooling Towers |
| A Review of Innovations in Construction Materials for Cooling Towers |
| 4. GLOBAL MARKET PERSPECTIVE |
| Cooling Towers Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025 |
| Cooling Towers Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2009-2017 |
| Cooling Towers Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025 |
| Heavy Industrial & Utility (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2018-2025 |
| Heavy Industrial & Utility (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2009-2017 |
| Heavy Industrial & Utility (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2009 VS 2019 VS 2025 |
| Air Conditioning/HVAC (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2018-2025 |
| Air Conditioning/HVAC (End-Use) Historic Demand Patterns in US$ Thousand by Region/Country: 2009-2017 |
| Air Conditioning/HVAC (End-Use) Market Share Shift across Key Geographies: 2009 VS 2019 VS 2025 |
| Chemicals & Petrochemicals (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2018-2025 |
| Chemicals & Petrochemicals (End-Use) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2009-2017 |
| Chemicals & Petrochemicals (End-Use) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025 |
| Other End-Uses (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2018-2025 |
| Other End-Uses (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2009-2017 |
| Other End-Uses (End-Use) Share Breakdown Review by Region/Country: 2009 VS 2019 VS 2025 |
| III. MARKET ANALYSIS |
| GEOGRAPHIC MARKET ANALYSIS |
| United States |
| Market Facts & Figures |
| US Cooling Towers Market Share (in %) by Company: 2020 & 2025 |
| United States Cooling Towers Latent Demand Forecasts in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Historic Demand Patterns in the United States by End-Use in US$ Thousand for 2009-2017 |
| Cooling Towers Market Share Breakdown in the United States by End-Use: 2009 VS 2019 VS 2025 |
| Canada |
| Canadian Cooling Towers Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2009-2017 |
| Canadian Cooling Towers Market Share Analysis by End-Use: 2009 VS 2019 VS 2025 |
| Japan |
| Japanese Demand Estimates and Forecasts for Cooling Towers in US$ Thousand by End-Use: 2018 to 2025 |
| Japanese Cooling Towers Market in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Shift in Japan by End-Use: 2009 VS 2019 VS 2025 |
| China |
| Chinese Demand for Cooling Towers in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Market Review in China in US$ Thousand by End-Use: 2009-2017 |
| Chinese Cooling Towers Market Share Breakdown by End-Use: 2009 VS 2019 VS 2025 |
| Europe |
| Market Facts & Figures |
| European Cooling Towers Market: Competitor Market Share Scenario (in %) for 2020 & 2025 |
| European Cooling Towers Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025 |
| Cooling Towers Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2009-2017 |
| European Cooling Towers Market Share Shift by Region/Country: 2009 VS 2019 VS 2025 |
| European Cooling Towers Addressable Market Opportunity in US$ Thousand by End-Use: 2018-2025 |
| Cooling Towers Market in Europe: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2009-2017 |
| European Cooling Towers Market Share Analysis by End-Use: 2009 VS 2019 VS 2025 |
| France |
| Cooling Towers Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2018-2025 |
| French Cooling Towers Historic Market Review in US$ Thousand by End-Use: 2009-2017 |
| French Cooling Towers Market Share Analysis: A 17-Year Perspective by End-Use for 2009, 2019, and 2025 |
| Germany |
| Cooling Towers Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2018-2025 |
| German Cooling Towers Market in Retrospect in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Distribution in Germany by End-Use: 2009 VS 2019 VS 2025 |
| Italy |
| Italian Demand for Cooling Towers in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Market Review in Italy in US$ Thousand by End-Use: 2009-2017 |
| Italian Cooling Towers Market Share Breakdown by End-Use: 2009 VS 2019 VS 2025 |
| United Kingdom |
| United Kingdom Demand Estimates and Forecasts for Cooling Towers in US$ Thousand by End-Use: 2018 to 2025 |
| United Kingdom Cooling Towers Market in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Shift in the United Kingdom by End-Use: 2009 VS 2019 VS 2025 |
| Spain |
| Spanish Cooling Towers Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Market in Spain: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2009-2017 |
| Spanish Cooling Towers Market Share Analysis by End-Use: 2009 VS 2019 VS 2025 |
| Russia |
| Russian Cooling Towers Latent Demand Forecasts in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Historic Demand Patterns in Russia by End-Use in US$ Thousand for 2009-2017 |
| Cooling Towers Market Share Breakdown in Russia by End-Use: 2009 VS 2019 VS 2025 |
| Rest of Europe |
| Rest of Europe Cooling Towers Addressable Market Opportunity in US$ Thousand by End-Use: 2018-2025 |
| Cooling Towers Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2009-2017 |
| Rest of Europe Cooling Towers Market Share Analysis by End-Use: 2009 VS 2019 VS 2025 |
| Asia-Pacific |
| Asia-Pacific Cooling Towers Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025 |
| Cooling Towers Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2009-2017 |
| Asia-Pacific Cooling Towers Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025 |
| Cooling Towers Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2018-2025 |
| Asia-Pacific Cooling Towers Historic Market Review in US$ Thousand by End-Use: 2009-2017 |
| Asia-Pacific Cooling Towers Market Share Analysis: A 17-Year Perspective by End-Use for 2009, 2019, and 2025 |
| Australia |
| Cooling Towers Market in Australia: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2018-2025 |
| Australian Cooling Towers Market in Retrospect in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Distribution in Australia by End-Use: 2009 VS 2019 VS 2025 |
| India |
| Indian Cooling Towers Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Market in India: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2009-2017 |
| Indian Cooling Towers Market Share Analysis by End-Use: 2009 VS 2019 VS 2025 |
| South Korea |
| Cooling Towers Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by End-Use for the Period 2018-2025 |
| South Korean Cooling Towers Historic Market Analysis in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Distribution in South Korea by End-Use: 2009 VS 2019 VS 2025 |
| Rest of Asia-Pacific |
| Rest of Asia-Pacific Demand Estimates and Forecasts for Cooling Towers in US$ Thousand by End-Use: 2018 to 2025 |
| Rest of Asia-Pacific Cooling Towers Market in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Shift in Rest of Asia-Pacific by End-Use: 2009 VS 2019 VS 2025 |
| Latin America |
| Latin American Cooling Towers Market Trends by Region/Country in US$ Thousand: 2018-2025 |
| Cooling Towers Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2009-2017 |
| Latin American Cooling Towers Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025 |
| Latin American Demand for Cooling Towers in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Market Review in Latin America in US$ Thousand by End-Use: 2009-2017 |
| Latin American Cooling Towers Market Share Breakdown by End-Use: 2009 VS 2019 VS 2025 |
| Argentina |
| Argentinean Cooling Towers Addressable Market Opportunity in US$ Thousand by End-Use: 2018-2025 |
| Cooling Towers Market in Argentina: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2009-2017 |
| Argentinean Cooling Towers Market Share Analysis by End-Use: 2009 VS 2019 VS 2025 |
| Brazil |
| Cooling Towers Quantitative Demand Analysis in Brazil in US$ Thousand by End-Use: 2018-2025 |
| Brazilian Cooling Towers Historic Market Review in US$ Thousand by End-Use: 2009-2017 |
| Brazilian Cooling Towers Market Share Analysis: A 17-Year Perspective by End-Use for 2009, 2019, and 2025 |
| Mexico |
| Cooling Towers Market in Mexico: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2018-2025 |
| Mexican Cooling Towers Market in Retrospect in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Distribution in Mexico by End-Use: 2009 VS 2019 VS 2025 |
| Rest of Latin America |
| Rest of Latin America Cooling Towers Latent Demand Forecasts in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Historic Demand Patterns in Rest of Latin America by End-Use in US$ Thousand for 2009-2017 |
| Cooling Towers Market Share Breakdown in Rest of Latin America by End-Use: 2009 VS 2019 VS 2025 |
| Middle East |
| The Middle East Cooling Towers Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025 |
| Cooling Towers Market in the Middle East by Region/Country in US$ Thousand: 2009-2017 |
| The Middle East Cooling Towers Market Share Breakdown by Region/Country: 2009, 2019, and 2025 |
| The Middle East Cooling Towers Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Market in the Middle East: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2009-2017 |
| The Middle East Cooling Towers Market Share Analysis by End-Use: 2009 VS 2019 VS 2025 |
| Iran |
| Iranian Demand Estimates and Forecasts for Cooling Towers in US$ Thousand by End-Use: 2018 to 2025 |
| Iranian Cooling Towers Market in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Shift in Iran by End-Use: 2009 VS 2019 VS 2025 |
| Israel |
| Israeli Cooling Towers Addressable Market Opportunity in US$ Thousand by End-Use: 2018-2025 |
| Cooling Towers Market in Israel: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2009-2017 |
| Israeli Cooling Towers Market Share Analysis by End-Use: 2009 VS 2019 VS 2025 |
| Saudi Arabia |
| Saudi Arabian Demand for Cooling Towers in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Market Review in Saudi Arabia in US$ Thousand by End-Use: 2009-2017 |
| Saudi Arabian Cooling Towers Market Share Breakdown by End-Use: 2009 VS 2019 VS 2025 |
| United Arab Emirates |
| Cooling Towers Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by End-Use for the Period 2018-2025 |
| United Arab Emirates Cooling Towers Historic Market Analysis in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Distribution in United Arab Emirates by End-Use: 2009 VS 2019 VS 2025 |
| Rest of Middle East |
| Cooling Towers Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2018-2025 |
| Rest of Middle East Cooling Towers Market in Retrospect in US$ Thousand by End-Use: 2009-2017 |
| Cooling Towers Market Share Distribution in Rest of Middle East by End-Use: 2009 VS 2019 VS 2025 |
| Africa |
| African Cooling Towers Latent Demand Forecasts in US$ Thousand by End-Use: 2018 to 2025 |
| Cooling Towers Historic Demand Patterns in Africa by End-Use in US$ Thousand for 2009-2017 |
| Cooling Towers Market Share Breakdown in Africa by End-Use: 2009 VS 2019 VS 2025 |
| IV. COMPETITION |
| Total Companies Profiled : 85 Click here to request a full table of contents and more details on this project. |
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