The Asia Pacific Cooling Towers Market would witness market growth of 4.5% CAGR during the forecast period (2021-2027).
The cooling tower is highly useful in maintaining the temperature in the chillers for several industrial applications. Moreover, cooling towers have many applications in power generation and manufacturing facilities in industrial sectors for maintaining a cool environment. The cooling tower is mainly utilized to pass the heat into the atmosphere. These are relatively less costly and reliable devices that can remove low-grade heat from cooling water. Cooling towers are highly utilized in eliminating excessive heat which is produced and are utilized to showcase a comparatively affordable and reliable method to remove low-grade heat from cooling towers.
APAC would display a prominent growth in the overall cooling towers market. The existence of key and local market players is responsible for the growth of the regional market. India is slowly transforming as one of the dominating economies across the region. Government authorities are providing promising foreign direct investment (FDI) schemes that are beneficial for the manufacturers.
In addition, the smart city mission introduced by the Government of India in June 2015 has remarkably increased the demand for HVAC systems, thereby increasing the adoption of cooling towers in the regional market. Moreover, the booming population, growing urbanization, and industrialization with the surge in concerns regarding infrastructure development in China and India are some of the growth catalysts for the regional cooling tower market.
The China market dominated the Asia Pacific Cooling Towers Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $474.6 million by 2027. The Japan market is experiencing a CAGR of 3.9% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 5.1% during (2021 - 2027).
Based on Material, the market is segmented into Fiber Reinforced Plastic (FRP), High-Density Polyethylene (HDPE), Steel, Concrete and Others. Based on Type, the market is segmented into Open-circuit, Closed-circuit and Hybrid. Based on Application, the market is segmented into HVAC, Power Generation, Oil & Gas, Industrial and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cooling Towers Market is Projected to reach USD 4,585.4 million by 2027, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Baltimore Aircoil Company Inc., ENEXIO Water Technologies GmbH, Hamon & CIE International SA, B&W Spig S.P.A., SPX Corporation, Paharpur Cooling Tower Limited, Brentwood Industries, Inc., Johnson Controls Inc., Engie Refrigeration GmbH, and EVAPCO, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Material
- Fiber Reinforced Plastic (FRP)
- High-Density Polyethylene (HDPE)
- Steel
- Concrete
- Others
By Type
- Open-circuit
- Closed-circuit
- Hybrid
By Application
- HVAC
- Power Generation
- Oil & Gas
- Industrial
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Baltimore Aircoil Company Inc.
- ENEXIO Water Technologies GmbH
- Hamon & CIE International SA
- B&W Spig S.P.A.
- SPX Corporation
- Paharpur Cooling Tower Limited
- Brentwood Industries, Inc.
- Johnson Controls Inc.
- Engie Refrigeration GmbH
- EVAPCO, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Cooling Towers Market, by Material
1.4.2 Asia Pacific Cooling Towers Market, by Type
1.4.3 Asia Pacific Cooling Towers Market, by Application
1.4.4 Asia Pacific Cooling Towers Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Recent Industry Wide Strategic Developments - Global
3.1 Partnerships, Collaborations and Agreements
3.1.1 Product Launches and Product Expansions
3.1.2 Acquisition and Mergers
3.1.3 Geographical Expansion
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.2.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jun – 2021, Jun) Leading Players
Chapter 4. Asia Pacific Cooling Towers Market by Material
4.1 Asia Pacific Fiber Reinforced Plastic (FRP) Cooling Towers Market by Country
4.2 Asia Pacific High-Density Polyethylene (HDPE) Cooling Towers Market by Country
4.3 Asia Pacific Steel Cooling Towers Market by Country
4.4 Asia Pacific Concrete Cooling Towers Market by Country
4.5 Asia Pacific Other Material Cooling Towers Market by Country
Chapter 5. Asia Pacific Cooling Towers Market by Type
5.1 Asia Pacific Cooling Towers Open-circuit Market by Country
5.2 Asia Pacific Cooling Towers Closed-circuit Market by Country
5.3 Asia Pacific Cooling Towers Hybrid Market by Country
Chapter 6. Asia Pacific Cooling Towers Market by Application
6.1 Asia Pacific HVAC Cooling Towers Market by Country
6.2 Asia Pacific Power Generation Cooling Towers Market by Country
6.3 Asia Pacific Oil & Gas Cooling Towers Market by Country
6.4 Asia Pacific Industrial Cooling Towers Market by Country
6.5 Asia Pacific Others Cooling Towers Market by Country
Chapter 7. Asia Pacific Cooling Towers Market by Country
7.1 China Cooling Towers Market
7.1.1 China Cooling Towers Market by Material
7.1.2 China Cooling Towers Market by Type
7.1.3 China Cooling Towers Market by Application
7.2 Japan Cooling Towers Market
7.2.1 Japan Cooling Towers Market by Material
7.2.2 Japan Cooling Towers Market by Type
7.2.3 Japan Cooling Towers Market by Application
7.3 India Cooling Towers Market
7.3.1 India Cooling Towers Market by Material
7.3.2 India Cooling Towers Market by Type
7.3.3 India Cooling Towers Market by Application
7.4 South Korea Cooling Towers Market
7.4.1 South Korea Cooling Towers Market by Material
7.4.2 South Korea Cooling Towers Market by Type
7.4.3 South Korea Cooling Towers Market by Application
7.5 Singapore Cooling Towers Market
7.5.1 Singapore Cooling Towers Market by Material
7.5.2 Singapore Cooling Towers Market by Type
7.5.3 Singapore Cooling Towers Market by Application
7.6 Malaysia Cooling Towers Market
7.6.1 Malaysia Cooling Towers Market by Material
7.6.2 Malaysia Cooling Towers Market by Type
7.6.3 Malaysia Cooling Towers Market by Application
7.7 Rest of Asia Pacific Cooling Towers Market
7.7.1 Rest of Asia Pacific Cooling Towers Market by Material
7.7.2 Rest of Asia Pacific Cooling Towers Market by Type
7.7.3 Rest of Asia Pacific Cooling Towers Market by Application
Chapter 8. Company Profiles
8.1 Baltimore Aircoil Company Inc. (Amsted Industries)
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Product Launches and Product Expansions:
8.1.2.2 Acquisition and Mergers:
8.2 ENEXIO Management GmbH (Triton-Partners)
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Acquisition and Mergers:
8.3 Hamon & CIE International SA
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.4 B&W Spig S.P.A.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Geographical Expansions:
8.5 SPX Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.6 Paharpur Cooling Towers Ltd.
8.6.1 Company Overview
8.7 Brentwood Industries, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.7.2.2 Geographical Expansions:
8.8 Johnson Controls
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.9 Engie Refrigeration (ENGIE Deutschland)(ENGIE Group)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Research & Development Expenses
8.10. EVAPCO, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
8.10.2.2 Geographical Expansions:
TABLE 1 Asia Pacific Cooling Towers Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Cooling Towers Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cooling Tower Market
TABLE 4 Product Launches And Product Expansions– Cooling Tower Market
TABLE 5 Acquisition and Mergers– Cooling Tower Market
TABLE 6 geographical Expansion– Cooling Tower Market
TABLE 7 Asia Pacific Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Fiber Reinforced Plastic (FRP) Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Fiber Reinforced Plastic (FRP) Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific High-Density Polyethylene (HDPE) Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific High-Density Polyethylene (HDPE) Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Steel Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Steel Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Concrete Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Concrete Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Other Material Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Other Material Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Cooling Towers Open-circuit Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Cooling Towers Open-circuit Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Cooling Towers Closed-circuit Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Cooling Towers Closed-circuit Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Cooling Towers Hybrid Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Cooling Towers Hybrid Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 29 Asia Pacific HVAC Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific HVAC Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Power Generation Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Power Generation Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Oil & Gas Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Oil & Gas Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 35 Asia Pacific Industrial Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 36 Asia Pacific Industrial Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 37 Asia Pacific Others Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 38 Asia Pacific Others Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 39 Asia Pacific Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 40 Asia Pacific Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 41 China Cooling Towers Market, 2017 - 2020, USD Million
TABLE 42 China Cooling Towers Market, 2021 - 2027, USD Million
TABLE 43 China Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 44 China Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 45 China Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 46 China Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 47 China Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 48 China Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 49 Japan Cooling Towers Market, 2017 - 2020, USD Million
TABLE 50 Japan Cooling Towers Market, 2021 - 2027, USD Million
TABLE 51 Japan Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 52 Japan Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 53 Japan Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 54 Japan Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 55 Japan Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 56 Japan Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 57 India Cooling Towers Market, 2017 - 2020, USD Million
TABLE 58 India Cooling Towers Market, 2021 - 2027, USD Million
TABLE 59 India Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 60 India Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 61 India Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 62 India Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 63 India Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 64 India Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 65 South Korea Cooling Towers Market, 2017 - 2020, USD Million
TABLE 66 South Korea Cooling Towers Market, 2021 - 2027, USD Million
TABLE 67 South Korea Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 68 South Korea Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 69 South Korea Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 70 South Korea Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 71 South Korea Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 72 South Korea Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 73 Singapore Cooling Towers Market, 2017 - 2020, USD Million
TABLE 74 Singapore Cooling Towers Market, 2021 - 2027, USD Million
TABLE 75 Singapore Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 76 Singapore Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 77 Singapore Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 78 Singapore Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 79 Singapore Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 80 Singapore Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 81 Malaysia Cooling Towers Market, 2017 - 2020, USD Million
TABLE 82 Malaysia Cooling Towers Market, 2021 - 2027, USD Million
TABLE 83 Malaysia Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 84 Malaysia Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 85 Malaysia Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 86 Malaysia Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 87 Malaysia Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 88 Malaysia Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 89 Rest of Asia Pacific Cooling Towers Market, 2017 - 2020, USD Million
TABLE 90 Rest of Asia Pacific Cooling Towers Market, 2021 - 2027, USD Million
TABLE 91 Rest of Asia Pacific Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 92 Rest of Asia Pacific Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 93 Rest of Asia Pacific Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 94 Rest of Asia Pacific Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 95 Rest of Asia Pacific Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 96 Rest of Asia Pacific Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 97 Key Information – Baltimore Aircoil Company Inc.
TABLE 98 Key Information – ENEXIO Management GmbH
TABLE 99 Key Information – Hamon & CIE International SA
TABLE 100 Key Information – B&W Spig S.P.A.
TABLE 101 Key Information – SPX Corporation
TABLE 102 Key Information – Paharpur Cooling Towers Ltd.
TABLE 103 Key Information – Brentwood Industries, Inc.
TABLE 104 Key Information – Johnson Controls
TABLE 105 Key Information – ENGIE Refrigeration gmbh
TABLE 106 Key Information – EVAPCO, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 3 Key Strategic Move: (partnerships, collaborations, and agreements : 2017, Jun – 2021, Jun) Leading Players
FIG 4 Recent strategies and developments: Baltimore Aircoil Company Inc.
FIG 5 Recent strategies and developments: Hamon & CIE (International) SA
FIG 6 Recent strategies and developments: B&W Spig S.P.A.