Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Hybrid Industrial Cooling Tower Market by Type (Open Cooling Tower, Closed Cooling Tower), By Application (Petrochemicals And Oil & Gas, HVACR, Food & Beverages, Power Generation, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Hybrid Industrial Cooling Tower Market by Type (Open Cooling Tower, Closed Cooling Tower), By Application (Petrochemicals And Oil & Gas, HVACR, Food & Beverages, Power Generation, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 313390 4200 Machinery & Equipment 377 139 Pages 4.8 (45)
                                          

Market Overview:


The global hybrid industrial cooling tower 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 hybrid cooling towers in various industries such as petrochemicals and oil & gas, HVACR, food & beverages, power generation, and others. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market.


Global Hybrid Industrial Cooling Tower Industry Outlook


Product Definition:


A hybrid industrial cooling tower is a device that uses a combination of air-cooling and water-cooling to cool industrial processes. The importance of using a hybrid industrial cooling tower is that it can provide more efficient cooling than either air-cooling or water-cooling alone.


Open Cooling Tower:


Open cooling towers are used in the manufacturing industries to cool down the heat generated by various processes. These towers have no mechanical equipment or fans for circulation. Open cooling tower systems rely completely on natural convection and conduction of heat from hot spots to cooler areas through air or water. The advantage of open cooling towers is that there are no moving parts, which reduces maintenance costs and eliminates the risk of failure due to lack of lubrication or wear & tear.


Closed Cooling Tower:


Closed cooling tower is a closed system which uses evaporation and condensation to remove the heat from the process. The cooling towers are used in various industries including chemical, petrochemical, oil & gas and power generation for removing the excess heat. These systems are majorly used in industrial applications as they provide high capacity solutions with low cost of operation making it more efficient than open cooling towers.


Application Insights:


The power generation segment accounted for the largest revenue share of over 30% in 2017. The demand for electricity has witnessed a rise due to rapid urbanization, increasing disposable income and changing lifestyles. Moreover, governments are focusing on developing renewable energy sources to reduce carbon emissions and dependence on fossil fuels. This is expected to drive the market growth over the forecast period.


The food & beverage industry is one of the fastest growing industries across various regions including Asia Pacific and Middle East & Africa owing to rising consumer preference for beverages with different flavors such as tea, coffee, soft drinks etcetera. Hybrid industrial cooling towers play an important role in maintaining production lines at optimum efficiency levels by reducing heat loss from fermentation processing equipment through water-based circulation systems or air-based ventilation systems thereby boosting product demand globally over the forecast period.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in demand for HVACR applications owing to rapid industrialization and urbanization, which has resulted in increased energy consumption. Moreover, rising population coupled with increasing consumer disposable income levels will drive the construction industry, thereby driving product demand over the forecast period.


The Middle East & Africa is anticipated to witness substantial growth during the forecast years on account of growing oil & gas industry across countries such as Saudi Arabia and UAE. In addition, rising investments by various companies for expanding their operations are likely to propel product demand during the projected time frame.


Growth Factors:


  • Increasing demand for energy-efficient cooling systems in industrial and commercial sectors
  • Growing awareness about the benefits of hybrid cooling towers among end-users
  • Proliferation of data centers and other large-scale facilities that require efficient cooling systems
  • Technological advancements in hybrid cooling tower technology
  • Rising concerns over environmental pollution and its impact on human health

Scope Of The Report

Report Attributes

Report Details

Report Title

Hybrid Industrial Cooling Tower Market Research Report

By Type

Open Cooling Tower, Closed Cooling Tower

By Application

Petrochemicals And Oil & Gas, HVACR, Food & Beverages, Power Generation, Others

By Companies

Baltimore Aircoil, Bell Cooling Tower, Brentwood Industries, Enexio, Hamon & Cie International, Paharpur Cooling Towers, SPIG, SPX, Star Cooling Towers Private, Baltimore Aircoil

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

139

Number of Tables & Figures

98

Customization Available

Yes, the report can be customized as per your need.


Global Hybrid Industrial Cooling Tower Market Report Segments:

The global Hybrid Industrial Cooling Tower market is segmented on the basis of:

Types

Open Cooling Tower, Closed Cooling Tower

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

Petrochemicals And Oil & Gas, HVACR, Food & Beverages, Power Generation, Others

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:

  1. Baltimore Aircoil
  2. Bell Cooling Tower
  3. Brentwood Industries
  4. Enexio
  5. Hamon & Cie International
  6. Paharpur Cooling Towers
  7. SPIG
  8. SPX
  9. Star Cooling Towers Private
  10. Baltimore Aircoil

Global Hybrid Industrial Cooling Tower Market Overview


Highlights of The Hybrid Industrial Cooling Tower Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Open Cooling Tower
    2. Closed Cooling Tower
  1. By Application:

    1. Petrochemicals And Oil & Gas
    2. HVACR
    3. Food & Beverages
    4. Power Generation
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hybrid Industrial Cooling Tower 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.

How you may use our products:

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Global Hybrid Industrial Cooling Tower Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A hybrid industrial cooling tower is a type of cooling tower that uses both air and water to cool the air.

Some of the major players in the hybrid industrial cooling tower market are Baltimore Aircoil, Bell Cooling Tower, Brentwood Industries, Enexio, Hamon & Cie International, Paharpur Cooling Towers, SPIG, SPX, Star Cooling Towers Private, Baltimore Aircoil.

The hybrid industrial cooling tower market is expected to register a CAGR of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid Industrial Cooling Tower Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Hybrid Industrial Cooling Tower Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Hybrid Industrial Cooling Tower Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Hybrid Industrial Cooling Tower Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Hybrid Industrial Cooling Tower Market Size & Forecast, 2020-2028       4.5.1 Hybrid Industrial Cooling Tower Market Size and Y-o-Y Growth       4.5.2 Hybrid Industrial Cooling Tower Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Open Cooling Tower
      5.2.2 Closed Cooling Tower
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Petrochemicals And Oil & Gas
      6.2.2 HVACR
      6.2.3 Food & Beverages
      6.2.4 Power Generation
      6.2.5 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Hybrid Industrial Cooling Tower Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Hybrid Industrial Cooling Tower Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Open Cooling Tower
      9.6.2 Closed Cooling Tower
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Petrochemicals And Oil & Gas
      9.10.2 HVACR
      9.10.3 Food & Beverages
      9.10.4 Power Generation
      9.10.5 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Open Cooling Tower
      10.6.2 Closed Cooling Tower
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Petrochemicals And Oil & Gas
      10.10.2 HVACR
      10.10.3 Food & Beverages
      10.10.4 Power Generation
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Open Cooling Tower
      11.6.2 Closed Cooling Tower
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Petrochemicals And Oil & Gas
      11.10.2 HVACR
      11.10.3 Food & Beverages
      11.10.4 Power Generation
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Open Cooling Tower
      12.6.2 Closed Cooling Tower
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Petrochemicals And Oil & Gas
      12.10.2 HVACR
      12.10.3 Food & Beverages
      12.10.4 Power Generation
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size 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 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Open Cooling Tower
      13.6.2 Closed Cooling Tower
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Petrochemicals And Oil & Gas
      13.10.2 HVACR
      13.10.3 Food & Beverages
      13.10.4 Power Generation
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Hybrid Industrial Cooling Tower Market: Competitive Dashboard
   14.2 Global Hybrid Industrial Cooling Tower Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Baltimore Aircoil
      14.3.2 Bell Cooling Tower
      14.3.3 Brentwood Industries
      14.3.4 Enexio
      14.3.5 Hamon & Cie International
      14.3.6 Paharpur Cooling Towers
      14.3.7 SPIG
      14.3.8 SPX
      14.3.9 Star Cooling Towers Private
      14.3.10 Baltimore Aircoil

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