The global open circuit cooling towers market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for cooling towers in various industries such as oil and gas, machinery and equipment manufacturing, chemical industry, petrochemical, food and beverage. The increasing demand for cooling towers in these industries is due to their ability to provide efficient heat transfer from hot water or steam into ambient air or water without any mechanical contact between them. The counterflow type segment accounted for the largest share of the global open circuit cooling tower market in 2017 owing to its high efficiency and low cost compared with other types of open circuit cooling towers such as crossflow type.
Some Of The Growth Factors Of This Market:
- The increasing demand for cooling towers in the global market is a major factor driving the growth of the open circuit cooling towers market.
- The increasing number of power plants and industrial facilities is also driving the growth of this market.
- The growing need for energy efficient solutions to reduce carbon emissions is also a major factor driving this market's growth.
- Increasing awareness about environmental sustainability and green buildings are also factors that are expected to drive this market's growth in the near future, as they will lead to increased adoption of open circuit cooling towers in commercial buildings and residential complexes across various regions globally, such as North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and Latin America (LA).
- Increasing demand for air conditioning systems due to rising temperatures across various regions globally is another factor that will drive this market's growth over the forecast period.
Industry Growth Insights published a new data on “Open Circuit Cooling Towers Market”. The research report is titled “Open Circuit Cooling Towers Market research by Types (Counterflow, Crossflow), By Applications (Oil & Gas, Machinery & Equipment Manufacturing, Chemical Industry, Petrochemical, Food and Beverage, Others), By Players/Companies Delta Cooling Towers, Baltimore Aircoil Company (BAC), Konuk ISI, Dongguan Chengchang Mechanical Technology, Zhejiang Aoshuai Refrigeration, MITA Group, EWK Cooling Towers, SPX Cooling Technologies”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Open Circuit Cooling Towers Market Research Report
By Type
Counterflow, Crossflow
By Application
Oil & Gas, Machinery & Equipment Manufacturing, Chemical Industry, Petrochemical, Food and Beverage, Others
By Companies
Delta Cooling Towers, Baltimore Aircoil Company (BAC), Konuk ISI, Dongguan Chengchang Mechanical Technology, Zhejiang Aoshuai Refrigeration, MITA Group, EWK Cooling Towers, SPX Cooling Technologies
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Open Circuit Cooling Towers Market Report Segments:
The global Open Circuit Cooling Towers market is segmented on the basis of:
Types
Counterflow, Crossflow
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
Oil & Gas, Machinery & Equipment Manufacturing, Chemical Industry, Petrochemical, Food and Beverage, 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:
- Delta Cooling Towers
- Baltimore Aircoil Company (BAC)
- Konuk ISI
- Dongguan Chengchang Mechanical Technology
- Zhejiang Aoshuai Refrigeration
- MITA Group
- EWK Cooling Towers
- SPX Cooling Technologies
Highlights of The Open Circuit 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:
- Counterflow
- Crossflow
- By Application:
- Oil & Gas
- Machinery & Equipment Manufacturing
- Chemical Industry
- Petrochemical
- Food and Beverage
- Others
- 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 Open Circuit 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?
Open circuit cooling towers are a type of air conditioning tower that uses the natural convection of hot air to transfer heat away from the condenser. Open circuit cooling towers are typically used in industrial or commercial settings where high volumes of air need to be cooled quickly.
Some of the key players operating in the open circuit cooling towers market are Delta Cooling Towers, Baltimore Aircoil Company (BAC), Konuk ISI, Dongguan Chengchang Mechanical Technology, Zhejiang Aoshuai Refrigeration, MITA Group, EWK Cooling Towers, SPX Cooling Technologies.
The open circuit cooling towers market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Open Circuit 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. Open Circuit 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. Open Circuit Cooling Towers Market - Supply Chain
4.5. Global Open Circuit Cooling Towers Market Forecast
4.5.1. Open Circuit Cooling Towers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Open Circuit Cooling Towers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Open Circuit Cooling Towers Market Absolute $ Opportunity
5. Global Open Circuit 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. Open Circuit Cooling Towers Market Size and Volume Forecast by Type
5.3.1. Counterflow
5.3.2. Crossflow
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Open Circuit 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. Open Circuit Cooling Towers Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Machinery & Equipment Manufacturing
6.3.3. Chemical Industry
6.3.4. Petrochemical
6.3.5. Food and Beverage
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Open Circuit 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. Open Circuit 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 Open Circuit 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. Open Circuit 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 Open Circuit Cooling Towers Demand Share Forecast, 2019-2026
9. North America Open Circuit 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 Open Circuit 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 Open Circuit Cooling Towers Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Machinery & Equipment Manufacturing
9.4.3. Chemical Industry
9.4.4. Petrochemical
9.4.5. Food and Beverage
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Open Circuit Cooling Towers Market Size and Volume Forecast by Type
9.7.1. Counterflow
9.7.2. Crossflow
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 Open Circuit Cooling Towers Demand Share Forecast, 2019-2026
10. Latin America Open Circuit 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 Open Circuit 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 Open Circuit Cooling Towers Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Machinery & Equipment Manufacturing
10.4.3. Chemical Industry
10.4.4. Petrochemical
10.4.5. Food and Beverage
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Open Circuit Cooling Towers Market Size and Volume Forecast by Type
10.7.1. Counterflow
10.7.2. Crossflow
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 Open Circuit Cooling Towers Demand Share Forecast, 2019-2026
11. Europe Open Circuit 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 Open Circuit 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 Open Circuit Cooling Towers Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Machinery & Equipment Manufacturing
11.4.3. Chemical Industry
11.4.4. Petrochemical
11.4.5. Food and Beverage
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Open Circuit Cooling Towers Market Size and Volume Forecast by Type
11.7.1. Counterflow
11.7.2. Cossflow
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 Open Circuit Cooling Towers Demand Share, 2019-2026
12. Asia Pacific Open Circuit 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 Open Circuit 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 Open Circuit Cooling Towers Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Machinery & Equipment Manufacturing
12.4.3. Chemical Industry
12.4.4. Petrochemical
12.4.5. Food and Beverage
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Open Circuit Cooling Towers Market Size and Volume Forecast by Type
12.7.1. Counterflow
12.7.2. Crossflow
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 Open Circuit Cooling Towers Demand Share, 2019-2026
13. Middle East & Africa Open Circuit 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 Open Circuit 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 Open Circuit Cooling Towers Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Machinery & Equipment Manufacturing
13.4.3. Chemical Industry
13.4.4. Petrochemical
13.4.5. Food and Beverage
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Open Circuit Cooling Towers Market Size and Volume Forecast by Type
13.7.1. Counterflow
13.7.2. Crossflow
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 Open Circuit Cooling Towers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Open Circuit Cooling Towers Market: Market Share Analysis
14.2. Open Circuit Cooling Towers Distributors and Customers
14.3. Open Circuit Cooling Towers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Delta Cooling Towers
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baltimore Aircoil Company (BAC)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Konuk ISI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dongguan Chengchang Mechanical Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zhejiang Aoshuai Refrigeration
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MITA Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. EWK Cooling Towers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SPX Cooling Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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