Water Cooling Tower Market Outlook 2021-2028- Sales Revenue, Industry Growth Global Research by The Insight Partners

In recent times, plume abatement cooling tower, also called the hybrid cooling tower, is gaining traction. The growing popularity of the tower can be attributed to its enhanced cooling efficiency and reduced unwanted water vapor plumes, which prevent the environment from bad air quality and visual pollutions. Also, the hybrid cooling tower is finding an increased application in various industries due to its extremely low visibility of plumes.

For instance, in July 2020, HAMON-B.GRIMM completed the installation of a plume abatement cooling tower consisting of 6 cells at Suvarnabhumi airport in Thailand. The cooling tower is located close to the airport runways, and due to its extremely low visible plumes in environment, the airport operations are functioning smoothly. Similarly, in July 2020, Hamon Korea successfully installed another plume abated cooling tower at SK HYNIX CHP (one of the largest chip-making companies in South Korea) site. Thus, the hybrid cooling tower is trending and becoming popular due to its improved operational efficiency and low plume abatement capability.

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The global water cooling tower market is categorized into crossflow, counterflow, forced draft, induced draft, and others. The crossflow type of cooling towers has the most important requirement for the efficient heat exchange in any industrial application. The less noise operations and better performance in hot climates with easy to access for maintenance drive the crossflow segment growth over others. The HVAC system design depends on the type of cooling towers.

Leading Key Players:

Baltimore Aircoil Company
Bell Cooling Towers
Delta Cooling Towers, Inc.
Evapco, Inc.
Hamon
Mesan Group
Samco Technologies, Inc
SPX Cooling Technologies, Inc.
Vistech Cooling Systems

Stringent government policies regarding water consumption for cooling machinery and plants in power generating plants are favoring the water cooling tower market. The limited freshwater consumptions policy by the Government of India is increasing the application of water cooling towers in various types of power plants, such as nuclear power plants, coal-fired thermal power plants, and gas power thermal plants.

Furthermore, with the rising global demand for power consumption, the number of nuclear and geothermal power plants is rapidly increasing. Countries such as India, China, Argentina, Bangladesh, and Brazil have shown a significant demand for power generation. To fulfill this power requirement, many nuclear power plants are under construction.

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Reason to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Water Cooling Tower market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Water Cooling Tower market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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