Cooling Tower Rental Market 2017 – 2025 | Aggreko Plc, Baltimore Aircoil Aust Pty Ltd, Carrier Rental Systems Inc., Caterpillar Inc.

A cooling tower can be defined as a specialized heat exchanger where air and water are brought into direct contact with each other for reducing the temperature of water. During this process, a small volume of water is evaporated, which reduces the temperature of water being circulated through the cooling tower. However, heat is simply a by-product of the complete production process or manufacturing cycle, and hence, many companies do not feel the need to permanently install cooling towers in their plants. They realize that the requirement of cooling towers can be fulfilled by the rental market, which can provide complete solutions, including single-point power connection, a circuit breaker, and emergency trailer-mounted delivery.
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The global rental cooling tower market can be segmented based on type, capacity, and application.

In terms of type, the market can be classified into wet, dry, and hybrid cooling towers. The wet cooling towers, also known as open circuit cooling towers, use the principle of evaporation to reduce heat. On the other hand, dry cooling towers can be termed as extended-type of radiator coolers, where the water-containing tubes are wound with integral copper strips, and these areas are cooled with fans. Meanwhile, hybrid cooling towers are a combination of wet and dry cooling technologies. The wet cooling towers segment held a prominent share of the market in 2016. They are used most commonly by power generation utilities and in the manufacturing sector.

Major suppliers operating in the global cooling tower rental market include Aggreko Plc, Baltimore Aircoil Aust Pty Ltd, Carrier Rental Systems Inc., Caterpillar Inc., Johnson Controls International Plc., United Rentals Inc., Cooling Tower Depot Inc., Engie Refrigeration GmbH, Spx Corporation, Ingersoll Rand subsidiary Trane Inc., and KTK Khlturm Technologie GmbH.

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