The global cooling tower market is anticipated to grow at a considerable CAGR of 3.2% during the forecast period. One of the major uses of cooling towers is in the nuclear and thermal power plants. A cooling water system is also bee utilized in the cell of the thermoelectric power plant that utilizes a steam turbine to generate electricity. For example, the Harris nuclear power plant situated in the Washington, the US, has a 523-foot-high cooling tower, which is 20 miles from downtown Raleigh. Though, another Brunswick nuclear power plant which is located 180 miles southeast in Southport which does not have a cooling tower. Both nuclear power plants use a one-through cooling system where water is taken from a source like a river, lake, or reservoir. But the main difference is based on the source of the cooling water and their location.
The design of the cooling tower is built for cooling the circulation water during the manufacturing process, which is why the demand for cooling towers is growing in industries such as food processing plants, petroleum refiners, and natural gas plants. Cooling towers have tremendously benefited the industries with heavy machinery by minimizing the over-heating of their heavy equipment and manufacturing machinery. This also reduces the servicing and the breaks that must be taken due to over-heating to provide break-free output.
Despite the driving forces of the cooling tower market, it faces several challenges and issues related to the scaling of a large project and corrosion of cooling water pipes. Cooling towers have to deal with the issue of corrosion, as after the installation, unchecked water runs through the pipes of the cooling tower causing corrosion in the metal pipes which leads to leakage. The water supply contains impurities like sodium, other elements, and chemicals that react with the air causing corrosion. Thus, such factors could hamper the growth of the market.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2020
- Forecast period- 2023-2029
- Segment Covered-
- By Type
- By System
- By Flow
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– including SPX Corp., Baltimore Aircoil Co., EVAPCO, Inc., S.A. HAMON, Paharpur Cooling Towers Ltd., and others.
Cooling Tower Market Report Segment
By Type
- Wet
- Dry
- Hybrid
By Systems
- Open Cooling System
- Closed Cooling System
By Flow
- Cross Flow
- Counter Flow
By Application
- Power Generation
- HAVC
- Oil & Gas
- Others (Die Casting and Anodizing)
A full Report of Cooling Tower Market is Available at: https://www.omrglobal.com/industry-reports/cooling-tower-market
Cooling Tower Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Delta Cooling Tower Ltd.
- Babcock & Wilcox Enterprises, Inc.
- BELL COOLING TOWERS
- Berg Chilling Systems Inc.
- Brentwood Industries
- CCS
- Cooling Tower Depot, Inc.
- Cooling Tower Systems, Inc.
- Enexio
- IlmedImpiantiSrl
- Kelvion Holding GmbH
- International Cooling Tower Inc.
- MESAN Group
- REYMSA COOLING TOWERS, INC.
- WTWH Media, LLC
- STAR Cooling Towers
- Superchill Australia Ptv. Ltd.
- Thermal Care, Inc.
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