The North America Cooling Towers Market is expected to witness market growth of 4.2% CAGR during the forecast period (2021-2027).
A cooling tower can decrease the cooling water temperature, utilizing the surrounding air before the water enters the wet section. Hot air from dry cooling is mixed with saturated air from the wet section, hence reducing the steam plume. Hybrid cooling technology finds application in different industries such as chemical, metallurgy, plastic & rubber, petrochemical, paper, and manufacturing which is expected to boost the growth of the cooling tower market during the forecast period.
North America is a promising region for the adoption and demand of cooling towers. This is attributed to the stiff government’s norms associated with water consumption, harmful environmental emissions discharged from towers, and an increase in the development of infrastructure. Besides, the region is likely to witness lucrative growth opportunities due to the existence of key manufacturers and the fast-paced deployment of next-generation technologies across the region.
Moreover, regional market players are taking initiatives to bring advancements in cooling towers which is expected to positively impact the growth and demand for the cooling tower in this region. Further, developed countries such as the US, and Canada are witnessing high demand for cooling towers, hence boosting the market growth.
The US market dominated the North America Cooling Towers Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $913.8 million by 2027. The Canada market is poised to grow at a CAGR of 6.6% during (2021 - 2027). Additionally, The Mexico market is expected to exhibit a CAGR of 5.6% during (2021 - 2027).
Based on Material, the market is segmented into Fiber Reinforced Plastic (FRP), High-Density Polyethylene (HDPE), Steel, Concrete and Others. Based on Type, the market is segmented into Open-circuit, Closed-circuit and Hybrid. Based on Application, the market is segmented into HVAC, Power Generation, Oil & Gas, Industrial and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Baltimore Aircoil Company Inc., ENEXIO Water Technologies GmbH, Hamon & CIE International SA, B&W Spig S.P.A., SPX Corporation, Paharpur Cooling Tower Limited, Brentwood Industries, Inc., Johnson Controls Inc., Engie Refrigeration GmbH, and EVAPCO, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Material
- Fiber Reinforced Plastic (FRP)
- High-Density Polyethylene (HDPE)
- Steel
- Concrete
- Others
By Type
- Open-circuit
- Closed-circuit
- Hybrid
By Application
- HVAC
- Power Generation
- Oil & Gas
- Industrial
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Baltimore Aircoil Company Inc.
- ENEXIO Water Technologies GmbH
- Hamon & CIE International SA
- B&W Spig S.P.A.
- SPX Corporation
- Paharpur Cooling Tower Limited
- Brentwood Industries, Inc.
- Johnson Controls Inc.
- Engie Refrigeration GmbH
- EVAPCO, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- Baltimore Aircoil Company Inc.
- ENEXIO Water Technologies GmbH
- Hamon & CIE International SA
- B&W Spig S.P.A.
- SPX Corporation
- Paharpur Cooling Tower Limited
- Brentwood Industries, Inc.
- Johnson Controls Inc.
- Engie Refrigeration GmbH
- EVAPCO, Inc.
Methodology
LOADING...
