Market Overview:
The global natural draft cooling towers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity and industrial products across the globe. In addition, growing concerns about environment and climate change are also propelling the demand for natural draft cooling towers in various applications such as power stations and industrial plants. Based on type, the global natural draft cooling towers market is segmented into two categories: Natural Draft Cooling Towers Spray and Natural Draft Cooling Towers Splash Deck. The Natural Draft Cooling Towers Spray segment is further sub-segmented into Wetted Surface Area (WSA) < 1000 m2, WSA > 1000 m2, and Others. The Wetted Surface Area (WSA) < 1000 m2 sub-segment accounted for a major share of the global natural draft cooling towers market in 2017 owing to its low installation cost as compared to other types of wetted surface area segments. However, with technological advancements being made in this particular type of tower design, it is expected that this sub-segment will lose its dominant share by 2030 end . On basis of application ,the global natura ldraft coo lingtowersmarketis bifurcatedinto two segments: Power Stationand Industrial Plants .
Product Definition:
A natural draft cooling tower is a type of cooling tower that uses the natural draft of the surrounding atmosphere to increase the rate of heat transfer from a hot fluid to a cooler one. The hotter fluid is typically water vapor, which is released into the atmosphere as steam.
Natural Draft Cooling Towers Spray:
Natural Draft Cooling Towers Spray is a water mist that is generated by the high velocity wind which cools the building surfaces. The product also helps in reducing temperatures and maintaining uniform temperature across all areas of a building. It does this by creating an insulating barrier between the surface and heat source, thus lowering the amount of heat transferred from it to surroundings.
Natural Draft Cooling Towers Splash Deck:
Natural draft cooling towers splash deck is a device, which is used to cool the water in the towers. These decks are made of natural materials such as wood, stone or metal. The tower has openings all around its base and these openings allow air to flow through the tower and help it function more efficiently. These decks can be built in various sizes depending upon requirements.
Application Insights:
The power station segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for electricity from industrialization, urbanization, and rising income levels across countries such as China, India, Brazil Japan Mexico etc. Moreover, technological advancements in spray towers are expected to increase their efficiency by 10% annually which will further propel their demand over the next seven years.
Industrial plants application segment is also anticipated to witness significant growth during the same period owing to growing manufacturing sectors across developing countries such as China Indonesia Thailand Malaysia etc., coupled with stringent regulations regarding energy consumption imposed by regulatory bodies across various regions including North America Europe Asia Pacific Latin America Middle East & Africa will drive industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for natural draft cooling towers, registering a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing number of power plants and industrial plants in this region. For instance, according to IEEFA, there are currently 5 GW of Drafts waiting for Grid connection in China out of which 2 GW are at pre-commercial stage and 1 GW is at development stage (i.e., under construction).
The presence of large energy consumers such as India has led Chinese companies involved in building new coal power stations or upgrading existing ones with spray towers rather than conventional steam generators since they provide superior performance with respect to emissions and efficiency when compared with other alternatives such as superheated water or gas turbines coupled together (i.e., Combined Heat & Power).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for power plants that use traditional cooling systems
- Rising prices of traditional cooling systems such as chillers and air conditioning units
- Growing popularity of natural draft cooling towers among small-scale commercial and industrial users
- Technological advancements that have led to the development of more efficient and compact natural draft cooling towers
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Draft Cooling Towers Market Research Report
By Type
Natural Draft Cooling Towers Spray, Natural Draft Cooling Towers Splash Deck
By Application
Power Station, Industrial Plants
By Companies
SPX Cooling Technologies, Delta, ENEXIO, Paharpur, Jyoti Fibreglass, Cooling Tower Technology Inc., Amcot Cooling Tower Corporation, Oceanic Cooling Towers Private Limited, JC Equipments Pvt Ltd, Ascent Machineries & Engg. Services
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Natural Draft Cooling Towers Market Report Segments:
The global Natural Draft Cooling Towers market is segmented on the basis of:
Types
Natural Draft Cooling Towers Spray, Natural Draft Cooling Towers Splash Deck
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Station, Industrial Plants
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SPX Cooling Technologies
- Delta
- ENEXIO
- Paharpur
- Jyoti Fibreglass
- Cooling Tower Technology Inc.
- Amcot Cooling Tower Corporation
- Oceanic Cooling Towers Private Limited
- JC Equipments Pvt Ltd
- Ascent Machineries & Engg. Services
Highlights of The Natural Draft Cooling Towers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Draft Cooling Towers Spray
- Natural Draft Cooling Towers Splash Deck
- By Application:
- Power Station
- Industrial Plants
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Natural Draft Cooling Towers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Natural draft cooling towers are a type of air conditioning system that uses the natural flow of air to cool the building. The tower is typically located near the entrance or in an open area, so that wind can blow across it and carry away heat from the building.
Some of the major companies in the natural draft cooling towers market are SPX Cooling Technologies, Delta, ENEXIO, Paharpur, Jyoti Fibreglass, Cooling Tower Technology Inc., Amcot Cooling Tower Corporation, Oceanic Cooling Towers Private Limited, JC Equipments Pvt Ltd, Ascent Machineries & Engg. Services.
The natural draft cooling towers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural Draft Cooling Towers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Natural Draft Cooling Towers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Natural Draft Cooling Towers Market - Supply Chain
4.5. Global Natural Draft Cooling Towers Market Forecast
4.5.1. Natural Draft Cooling Towers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Draft Cooling Towers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Draft Cooling Towers Market Absolute $ Opportunity
5. Global Natural Draft Cooling Towers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Natural Draft Cooling Towers Market Size and Volume Forecast by Type
5.3.1. Natural Draft Cooling Towers Spray
5.3.2. Natural Draft Cooling Towers Splash Deck
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Draft Cooling Towers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Natural Draft Cooling Towers Market Size and Volume Forecast by Application
6.3.1. Power Station
6.3.2. Industrial Plants
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Draft Cooling Towers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Natural Draft Cooling Towers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Natural Draft Cooling Towers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Natural Draft Cooling Towers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Natural Draft Cooling Towers Demand Share Forecast, 2019-2026
9. North America Natural Draft Cooling Towers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Natural Draft Cooling Towers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Natural Draft Cooling Towers Market Size and Volume Forecast by Application
9.4.1. Power Station
9.4.2. Industrial Plants
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural Draft Cooling Towers Market Size and Volume Forecast by Type
9.7.1. Natural Draft Cooling Towers Spray
9.7.2. Natural Draft Cooling Towers Splash Deck
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Natural Draft Cooling Towers Demand Share Forecast, 2019-2026
10. Latin America Natural Draft Cooling Towers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Natural Draft Cooling Towers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Natural Draft Cooling Towers Market Size and Volume Forecast by Application
10.4.1. Power Station
10.4.2. Industrial Plants
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural Draft Cooling Towers Market Size and Volume Forecast by Type
10.7.1. Natural Draft Cooling Towers Spray
10.7.2. Natural Draft Cooling Towers Splash Deck
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Natural Draft Cooling Towers Demand Share Forecast, 2019-2026
11. Europe Natural Draft Cooling Towers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Natural Draft Cooling Towers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Natural Draft Cooling Towers Market Size and Volume Forecast by Application
11.4.1. Power Station
11.4.2. Industrial Plants
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Draft Cooling Towers Market Size and Volume Forecast by Type
11.7.1. Natural Draft Cooling Towers Spray
11.7.2. Natural Draft Cooling Towers Splash Deck
11.8. Basis Point Share (BPS) Analysis by Type
11.9.Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Natural Draft Cooling Towers Demand Share, 2019-2026
12. Asia Pacific Natural Draft Cooling Towers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Natural Draft Cooling Towers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Natural Draft Cooling Towers Market Size and Volume Forecast by Application
12.4.1. Power Station
12.4.2. Industrial Plants
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural Draft Cooling Towers Market Size and Volume Forecast by Type
12.7.1. Natural Draft Cooling Towers Spray
12.7.2. Natural Draft Cooling Towers Splash Deck
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Natural Draft Cooling Towers Demand Share, 2019-2026
13. Middle East & Africa Natural Draft Cooling Towers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Natural Draft Cooling Towers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Natural Draft Cooling Towers Market Size and Volume Forecast by Application
13.4.1. Power Station
13.4.2. Industrial Plants
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural Draft Cooling Towers Market Size and Volume Forecast by Type
13.7.1. Natural Draft Cooling Towers Spray
13.7.2. Natural Draft Cooling Towers Splash Deck
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Natural Draft Cooling Towers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural Draft Cooling Towers Market: Market Share Analysis
14.2. Natural Draft Cooling Towers Distributors and Customers
14.3. Natural Draft Cooling Towers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SPX Cooling Technologies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Delta
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ENEXIO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Paharpur
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jyoti Fibreglass
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cooling Tower Technology Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Amcot Cooling Tower Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oceanic Cooling Towers Private Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JC Equipments Pvt Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ascent Machineries & Engg. Services
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook