The North America Cooling Towers Market would witness market growth of 4.2% CAGR during the forecast period (2021-2027).
A cooling tower can decrease the cooling water temperature, utilizing the surrounding air before the water enters the wet section. Hot air from dry cooling is mixed with saturated air from the wet section, hence reducing the steam plume. Hybrid cooling technology finds application in different industries such as chemical, metallurgy, plastic & rubber, petrochemical, paper, and manufacturing which would boost the growth of the cooling tower market during the forecast period.
North America is a promising region for the adoption and demand of cooling towers. This is attributed to the stiff government’s norms associated with water consumption, harmful environmental emissions discharged from towers, and an increase in the development of infrastructure. Besides, the region is likely to witness lucrative growth opportunities due to the existence of key manufacturers and the fast-paced deployment of next-generation technologies across the region.
Moreover, regional market players are taking initiatives to bring advancements in cooling towers which would positively impact the growth and demand for the cooling tower in this region. Further, developed countries such as the US, and Canada are witnessing high demand for cooling towers, hence boosting the market growth.
The US market dominated the North America Cooling Towers Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $913.8 million by 2027. The Canada market is poised to grow at a CAGR of 6.6% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 5.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cooling Towers Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Cooling Towers Market, by Material
1.4.2 North America Cooling Towers Market, by Type
1.4.3 North America Cooling Towers Market, by Application
1.4.4 North America 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. North America Cooling Towers Market by Material
4.1 North America Fiber Reinforced Plastic (FRP) Cooling Towers Market by Country
4.2 North America High-Density Polyethylene (HDPE) Cooling Towers Market by Country
4.3 North America Steel Cooling Towers Market by Country
4.4 North America Concrete Cooling Towers Market by Country
4.5 North America Other Material Cooling Towers Market by Country
Chapter 5. North America Cooling Towers Market by Type
5.1 North America Cooling Towers Open-circuit Market by Country
5.2 North America Cooling Towers Closed-circuit Market by Country
5.3 North America Cooling Towers Hybrid Market by Country
Chapter 6. North America Cooling Towers Market by Application
6.1 North America HVAC Cooling Towers Market by Country
6.2 North America Power Generation Cooling Towers Market by Country
6.3 North America Oil & Gas Cooling Towers Market by Country
6.4 North America Industrial Cooling Towers Market by Country
6.5 North America Others Cooling Towers Market by Country
Chapter 7. North America Cooling Towers Market by Country
7.1 US Cooling Towers Market
7.1.1 US Cooling Towers Market by Material
7.1.2 US Cooling Towers Market by Type
7.1.3 US Cooling Towers Market by Application
7.2 Canada Cooling Towers Market
7.2.1 Canada Cooling Towers Market by Material
7.2.2 Canada Cooling Towers Market by Type
7.2.3 Canada Cooling Towers Market by Application
7.3 Mexico Cooling Towers Market
7.3.1 Mexico Cooling Towers Market by Material
7.3.2 Mexico Cooling Towers Market by Type
7.3.3 Mexico Cooling Towers Market by Application
7.4 Rest of North America Cooling Towers Market
7.4.1 Rest of North America Cooling Towers Market by Material
7.4.2 Rest of North America Cooling Towers Market by Type
7.4.3 Rest of North America 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 North America Cooling Towers Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 8 North America Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 9 North America Fiber Reinforced Plastic (FRP) Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Fiber Reinforced Plastic (FRP) Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 11 North America High-Density Polyethylene (HDPE) Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 12 North America High-Density Polyethylene (HDPE) Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Steel Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Steel Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Concrete Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Concrete Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Other Material Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Other Material Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 20 North America Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 21 North America Cooling Towers Open-circuit Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Cooling Towers Open-circuit Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Cooling Towers Closed-circuit Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Cooling Towers Closed-circuit Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Cooling Towers Hybrid Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Cooling Towers Hybrid Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 28 North America Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 29 North America HVAC Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 30 North America HVAC Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Power Generation Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Power Generation Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Oil & Gas Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Oil & Gas Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Industrial Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Industrial Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Others Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Others Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Cooling Towers Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Cooling Towers Market by Country, 2021 - 2027, USD Million
TABLE 41 US Cooling Towers Market, 2017 - 2020, USD Million
TABLE 42 US Cooling Towers Market, 2021 - 2027, USD Million
TABLE 43 US Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 44 US Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 45 US Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 46 US Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 47 US Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 48 US Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 49 Canada Cooling Towers Market, 2017 - 2020, USD Million
TABLE 50 Canada Cooling Towers Market, 2021 - 2027, USD Million
TABLE 51 Canada Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 52 Canada Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 53 Canada Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 54 Canada Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 55 Canada Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 56 Canada Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 57 Mexico Cooling Towers Market, 2017 - 2020, USD Million
TABLE 58 Mexico Cooling Towers Market, 2021 - 2027, USD Million
TABLE 59 Mexico Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 60 Mexico Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 61 Mexico Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 62 Mexico Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 63 Mexico Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 64 Mexico Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 65 Rest of North America Cooling Towers Market, 2017 - 2020, USD Million
TABLE 66 Rest of North America Cooling Towers Market, 2021 - 2027, USD Million
TABLE 67 Rest of North America Cooling Towers Market by Material, 2017 - 2020, USD Million
TABLE 68 Rest of North America Cooling Towers Market by Material, 2021 - 2027, USD Million
TABLE 69 Rest of North America Cooling Towers Market by Type, 2017 - 2020, USD Million
TABLE 70 Rest of North America Cooling Towers Market by Type, 2021 - 2027, USD Million
TABLE 71 Rest of North America Cooling Towers Market by Application, 2017 - 2020, USD Million
TABLE 72 Rest of North America Cooling Towers Market by Application, 2021 - 2027, USD Million
TABLE 73 Key Information – Baltimore Aircoil Company Inc.
TABLE 74 Key Information – ENEXIO Management GmbH
TABLE 75 Key Information – Hamon & CIE International SA
TABLE 76 Key Information – B&W Spig S.P.A.
TABLE 77 Key Information – SPX Corporation
TABLE 78 Key Information – Paharpur Cooling Towers Ltd.
TABLE 79 Key Information – Brentwood Industries, Inc.
TABLE 80 Key Information – Johnson Controls
TABLE 81 Key Information – ENGIE Refrigeration gmbh
TABLE 82 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.