Report overview
Cooling towers are devices that help in heat transfer and rejection into the atmosphere. The process involves the cooling of a water stream via evaporation. A small portion of the water that is being cooled gets evaporated and flows along with the air stream, which enables the process water to be cooled significantly. Hybrid cooling towers effectively radiate heat from the process equipment in major industries, such as the power generation industry, and emit it into the surrounding atmosphere. Unlike traditional cooling towers, hybrid ones take care of the visible plume and arrest it before rejecting it from the towers.
This report aims to provide a comprehensive presentation of the global market for Hybrid Cooling Towers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hybrid Cooling Towers. This report contains market size and forecasts of Hybrid Cooling Towers in global, including the following market information:
Global Hybrid Cooling Towers Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Hybrid Cooling Towers Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Hybrid Cooling Towers companies in 2022 (%)
The global Hybrid Cooling Towers market was valued at US$ 989.9 million in 2022 and is projected to reach US$ 1246.7 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
One driver in the market is intelligent hybrid cooling technology. The temperature of the water that is heated in process industries, power utilities, HVAC/R, data centers, and several other industries having high-heat applications is reduced by open cooling towers. The warm water is poured on the fill within the cooling towers, which provides a large surface area for the process of heat removal via evaporation. The process is known as a wet process. Thus, a constant supply of water is required to replace the evaporated water from the cooling tower. However, in several regions, continuing droughts and escalating competition for this vital resource restrict water availability.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Hybrid Cooling Towers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hybrid Cooling Towers Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Hybrid Cooling Towers Market Segment Percentages, by Type, 2022 (%)
Direct Contact
Closed Circuit
Global Hybrid Cooling Towers Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Hybrid Cooling Towers Market Segment Percentages, by Application, 2022 (%)
Power Generation
Oil and Gas
Food and Beverage
HVAC
Chemical and Petrochemical
Others
Global Hybrid Cooling Towers Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Hybrid Cooling Towers Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hybrid Cooling Towers revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Hybrid Cooling Towers revenues share in global market, 2022 (%)
Key companies Hybrid Cooling Towers sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Hybrid Cooling Towers sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Babcock & Wilcox Enterprises
ENEXIO MANAGEMENT
EVAPCO
Johnson Controls
SPX
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hybrid Cooling Towers, market overview.
Chapter 2: Global Hybrid Cooling Towers market size in revenue and volume.
Chapter 3: Detailed analysis of Hybrid Cooling Towers manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hybrid Cooling Towers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Hybrid Cooling Towers capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
