Industrial Cooling Tower Market Report 2023 - Cognitive Market Reserach.pdf

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Global Industrial Cooling Tower Market Report 2023
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The base year for the calculation is 2022 and 2018 to 2022 will be historical period. At the same time, data
for the year 2023 will be an estimated one while the forecasted data will be from year 2023 to 2030.
Historical Years
From 2018
Till 2022
Base Year
2022
Forecast Period
From 2023
Till 2030
Primary Research Methodology
Secondary Research Methodology
Market Size Estimation Methodology
Data Triangulation
Business Segment/ Overview:
Investment in Research and Development
Recent Developments:
Business Strategy
SWOT Analysis
Key Drivers, Restraints and Opportunities
Market Attractiveness Analysis for Each Segment and Region
PESTEL Analysis
Porter 5 Force’s Analysis
Value Chain Analysis
North America (United States, Canada, Mexico)
Europe (UK, France, Germany, Italy, Russia, Spain)
Asia Pacific (China, Japan, Korea, India, South East Asia)
South America (Brazil, Argentina, Colombia)
Middle East & Africa (GCC, Egypt, South Africa, Nigeria, Turkey)
1 2
4
3

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Type
• Evaporative Cooling Tower
• Dry Cooling Tower
• Hybrid Cooling Tower
Application Regions
• Petrochemicals And Oil & Gas
• HVACR
• Food & Beverages
• Power Generation
• Others
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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1.1 Research Methodology .................................................................................................. 19
1.1.1 Primary Research........................................................................................................ 20
1.1.2 Modes of Primary Research:....................................................................................... 21
1.2 Secondary Research Methodology:................................................................................ 21
1.3 Market Estimation.......................................................................................................... 22
1.3.1 Top-Down Method ..................................................................................................... 23
1.3.2 Bottom-Up Method .................................................................................................... 23
1.3.3 Data Triangulation...................................................................................................... 24
1.4 Questionnaire ................................................................................................................ 25
2.1 Global Industrial Cooling Tower Industry Introduction .................................................. 27
2.2 Objectives of the Study .................................................................................................. 28
2.3 USP of the Report........................................................................................................... 28
2.4 Who is this report for? ................................................................................................... 29
2.5 Regional Fragmentation................................................................................................. 29
2.6 Report Duration ............................................................................................................. 30
2.7 List of Stakeholders........................................................................................................ 30
3.1 Global Industrial Cooling Tower Market, 2018 – 2030, (USD Million)............................. 31
3.2 Global Industrial Cooling Tower Value, Absolute & Opportunity Analysis ..................... 31
3.3 Global Industrial Cooling Tower Market Y-o-Y Growth Projection by Region
(2023 - 2030) .................................................................................................................. 32
3.4 Global Industrial Cooling Tower Market: Snapshot........................................................ 33
4.1 Product Overview and Scope of Industrial Cooling Tower Market ................................. 35
4.2 Global Industrial Cooling Tower Revenue Market by Regions (2018-2030).................... 35
4.2.1 North America Industrial Cooling Tower Status and Prospect (2018-2030)................. 36
4.2.1.1 North America Industrial Cooling Tower Value, Absolute &
Opportunity Analysis................................................................................... 36
4.2.2 Europe Industrial Cooling Tower Status and Prospect (2018-2030)............................. 37
4.2.2.1 Europe Industrial Cooling Tower Value, Absolute & Opportunity
Analysis....................................................................................................... 37

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4.2.3 Asia Pacific Industrial Cooling Tower Status and Prospect (2018-2030)....................... 38
4.2.3.1 Asia Pacific Industrial Cooling Tower Value, Absolute & Opportunity
Analysis....................................................................................................... 38
4.2.4 Latin America Industrial Cooling Tower Status and Prospect (2018-2030)................... 39
4.2.4.1 Latin America Industrial Cooling Tower Value, Absolute &
4.2.5 Middle East and Africa Industrial Cooling Tower Status and Prospect (2018-
2030)........................................................................................................................... 40
4.2.5.1 Middle East and Africa Industrial Cooling Tower Value, Absolute &
4.3 Global Industrial Cooling Tower Market Size (2018-2030).............................................. 41
4.3.1 Global Industrial Cooling Tower Revenue Status and Outlook (2018-2030)................. 41
4.4 Global Industrial Cooling Tower Market Price Analysis by Regions (2018-2030) ............ 41
5.1 Global Industrial Cooling Tower Revenue and Share by Manufacturers (2018-
2022) .............................................................................................................................. 42
5.2 Global Industrial Cooling Tower Mergers and Acquisition Analysis/ Top Winning
Strategies/ New Launches Analysis................................................................................ 44
5.3 Company Categorization ................................................................................................ 45
5.4 Top Winning Strategies, by Manufacturers (2018-2022) ................................................ 46
6.1 Overall Company’s Disclosure Score .............................................................................. 47
7.1 Global Industrial Cooling Tower Market – COVID – 19 Impact Analysis ......................... 48
7.1.1 Influencing Factors...................................................................................................... 49
7.1.2 Forecast Assumptions................................................................................................. 49
7.1.3 Impact of COVID-19 on Global Industrial Cooling Tower Market................................. 50
7.1.4 Consumer Buying Behavior on Global Industrial Cooling Tower Market ..................... 50
8.1 Market Drivers ............................................................................................................... 51
8.1.1 Drivers for Industrial Cooling Tower Market: Impact Analysis .................................... 51
8.2 Market Restraints........................................................................................................... 52
8.2.1 Restraints for Industrial Cooling Tower Market: Impact Analysis................................ 52
8.3 Opportunity ................................................................................................................... 53
8.4 Market Trends................................................................................................................ 53

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8.5 Technological Road Map ................................................................................................ 54
8.6 PESTEL Analysis for Industrial Cooling Tower Market .................................................... 55
8.6.1 Political....................................................................................................................... 55
8.6.2 Economic .................................................................................................................... 55
8.6.3 Social .......................................................................................................................... 56
8.6.4 Technological.............................................................................................................. 56
8.6.5 Legal ........................................................................................................................... 56
8.6.6 Environmental ............................................................................................................ 56
8.7 Porter’s Five Forces Analysis for Industrial Cooling Tower Market................................. 57
8.7.1 Power of Suppliers...................................................................................................... 58
8.7.2 Threat of Substitutes .................................................................................................. 59
8.7.3 Potential of New Entrants into an Industry................................................................. 60
8.7.4 Power of Customers.................................................................................................... 61
8.7.5 Competition in the Industry........................................................................................ 62
8.8 Product Life Cycle of Industrial Cooling Tower Market................................................... 63
8.9 Market Attractiveness Analysis...................................................................................... 64
8.9.1 Market Attractiveness Analysis by Type Segment....................................................... 64
8.9.2 Market Attractiveness Analysis by Application Segment ............................................ 65
9.1 Industry chain analysis................................................................................................... 66
9.2 Manufacturing Cost Analysis.......................................................................................... 66
9.3 Consumer Preference Analysis....................................................................................... 66
9.4 Supply Side Analysis....................................................................................................... 67
9.4.1 Raw Material Analysis ................................................................................................ 67
9.4.2 Raw Material Procurement Analysis........................................................................... 67
9.4.3 Raw Material Price Trend Analysis.............................................................................. 68
10.1 Patent Analysis............................................................................................................... 69
11.1 Global Industrial Cooling Tower Revenue and Market Share (%) by Type (2018-
2030) .............................................................................................................................. 70
11.1.1 Evaporative Cooling Tower ......................................................................................... 71
11.1.1.1 Evaporative Cooling Tower Industrial Cooling Tower Value, Absolute
& Opportunity Analysis ............................................................................... 71

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11.1.1.2 Industrial Cooling Tower Market for Evaporative Cooling Tower, by
Country (2021 Vs 2024)............................................................................... 72
11.1.2 Dry Cooling Tower ...................................................................................................... 73
11.1.2.1 Dry Cooling Tower Industrial Cooling Tower Value, Absolute &
11.1.2.2 Industrial Cooling Tower Market for Dry Cooling Tower, by Country
(2021 Vs 2024)............................................................................................ 74
11.1.3 Hybrid Cooling Tower ................................................................................................. 75
11.1.3.1 Hybrid Cooling Tower Industrial Cooling Tower Value, Absolute &
11.1.3.2 Industrial Cooling Tower Market for Hybrid Cooling Tower, by
Country (2021 Vs 2024)............................................................................... 76
12.1 Global Industrial Cooling Tower Revenue and Market Share (%) by Application
(2018-2030).................................................................................................................... 77
Petrochemicals And Oil & Gas..................................................................................................... 78
12.1.1.1 Petrochemicals And Oil & Gas Industrial Cooling Tower Value,
Absolute & Opportunity Analysis................................................................. 78
12.1.1.2 Industrial Cooling Tower Market for Petrochemicals And Oil & Gas,
by Country (2021 Vs 2024) .......................................................................... 79
12.1.2 HVACR ........................................................................................................................ 80
12.1.2.1 HVACR Industrial Cooling Tower Value, Absolute & Opportunity
Analysis....................................................................................................... 80
12.1.2.2 Industrial Cooling Tower Market for HVACR, by Country (2021 Vs
2024) .......................................................................................................... 81
12.1.3 Food & Beverages....................................................................................................... 82
12.1.3.1 Food & Beverages Industrial Cooling Tower Value, Absolute &
12.1.3.2 Industrial Cooling Tower Market for Food & Beverages, by Country
(2021 Vs 2024)............................................................................................ 83
12.1.4 Power Generation....................................................................................................... 84
12.1.4.1 Power Generation Industrial Cooling Tower Value, Absolute &
12.1.4.2 Industrial Cooling Tower Market for Power Generation, by Country
(2021 Vs 2024)............................................................................................ 85
12.1.5 Others......................................................................................................................... 86
12.1.5.1 Others Industrial Cooling Tower Value, Absolute & Opportunity
Analysis....................................................................................................... 86
12.1.5.2 Industrial Cooling Tower Market for Others, by Country (2021 Vs
2024) .......................................................................................................... 87

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13.1 Baltimore Aircoil ............................................................................................................ 89
13.1.1 Baltimore Aircoil Basic Information, Manufacturing Base, SalesArea and its
Competitors................................................................................................................ 89
13.1.2 Business Segment/ Overview:..................................................................................... 90
13.1.3 Financials.................................................................................................................... 90
13.1.4 Investment in Research and Development.................................................................. 91
13.1.5 Recent Developments:................................................................................................ 92
13.1.6 Business Strategy........................................................................................................ 92
13.1.7 Management Change.................................................................................................. 92
13.1.8 Baltimore Aircoil S.W.O.T Analysis.............................................................................. 93
13.1.9 COVID-19 Impact Analysis........................................................................................... 93
13.2 Bell Cooling Tower ......................................................................................................... 94
13.3 Brentwood Industries..................................................................................................... 94
13.4 Enexio ............................................................................................................................ 94
13.5 Hamon & Cie International............................................................................................. 94
13.6 Paharpur Cooling Towers ............................................................................................... 94
13.7 SPIG................................................................................................................................ 94
13.8 SPX................................................................................................................................. 94
13.9 Star Cooling Towers Private ........................................................................................... 94
13.10 Others ............................................................................................................................ 94
14.1 Global Industrial Cooling Tower Revenue and Market Share (%) by region (2018 -
2030) .............................................................................................................................. 96
15.1 North America Industrial Cooling Tower Market by Country, (2018-2030) .................... 97
15.2 North America Industrial Cooling Tower Market Size (2018-2030)................................. 97
15.3 North America Industrial Cooling Tower Market Y-o-Y Growth Projection by
Country (2023-2030) ...................................................................................................... 98
15.3.1 North America Industrial Cooling Tower Market Revenue (USD Million) Size
by Type (2018-2030) ................................................................................................... 99
15.3.2 North America Industrial Cooling Tower Market Size by Type 2022 and 2030............. 99

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15.3.3 North America Industrial Cooling Tower Market Revenue (USD Million) Size
by Application (2018-2030)....................................................................................... 100
15.3.4 North America Industrial Cooling Tower Market Size by Application 2022 and
2030.......................................................................................................................... 100
15.4 United States................................................................................................................ 101
15.4.1 United States Industrial Cooling Tower Market Revenue (USD Million) Size by
Type (2018-2030)...................................................................................................... 101
15.4.2 United States Industrial Cooling Tower Market Share by Type in 2022 ..................... 101
15.4.3 United States Industrial Cooling Tower Market Revenue (USD Million) Size by
Application (2018-2030)............................................................................................ 102
15.4.4 United States Industrial Cooling Tower Market Share by Application in 2022........... 102
15.5 Canada ......................................................................................................................... 103
15.5.1 Canada Industrial Cooling Tower Market Revenue (USD Million) Size by Type
(2018-2030) .............................................................................................................. 103
15.5.2 Canada Industrial Cooling Tower Market Share % by Type in 2022........................... 103
15.5.3 Canada Industrial Cooling Tower Market Revenue (USD Million) Size by
Application (2018-2030)............................................................................................ 104
15.5.4 Canada Industrial Cooling Tower Market Share % by Application in 2022................. 104
15.6 Mexico ......................................................................................................................... 105
15.6.1 Mexico Industrial Cooling Tower Market Revenue (USD Million) Size by Type
(2018-2030) .............................................................................................................. 105
15.6.2 Mexico Industrial Cooling Tower Market Share by Type in 2022............................... 105
15.6.3 Mexico Industrial Cooling Tower Market Revenue (USD Million) Size by
Application (2018-2030)............................................................................................ 106
15.6.4 Mexico Industrial Cooling Tower Market Share by Application in 2022 .................... 106
16.1 United Kingdom ........................................................................................................... 107
16.1.1 United Kingdom Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 107
16.1.2 United Kingdom Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 107
16.2 France .......................................................................................................................... 107
16.2.1 France Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 107
16.2.2 France Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 107
16.3 Germany ...................................................................................................................... 107

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16.3.1 Germany Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 107
16.3.2 Germany Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 107
16.4 Italy.............................................................................................................................. 108
16.4.1 Italy Industrial Cooling Tower Market Revenue and Share by Type (2018-2030)....... 108
16.4.2 Italy Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 108
16.5 Russia........................................................................................................................... 108
16.5.1 Russia Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 108
16.5.2 Russia Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 108
16.6 Spain ............................................................................................................................ 108
16.6.1 Spain Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 108
16.6.2 Spain Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 108
16.7 Sweden ........................................................................................................................ 108
16.7.1 Sweden Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 108
16.7.2 Sweden Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 108
16.8 Denmark ...................................................................................................................... 109
16.8.1 Denmark Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 109
16.8.2 Denmark Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 109
16.9 Netherlands.................................................................................................................. 109
16.9.1 Netherlands Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 109
16.9.2 Netherlands Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 109
16.10 Switzerland .................................................................................................................. 109
16.10.1 Switzerland Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 109
16.10.2 Switzerland Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 109
16.11 Belgium........................................................................................................................ 109

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16.11.1 Belgium Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 109
16.11.2 Belgium Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 109
16.12 Rest of Europe.............................................................................................................. 110
16.12.1 Rest of Europe Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 110
16.12.2 Rest of Europe Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 110
17.1 China............................................................................................................................ 111
17.1.1 China Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 111
17.1.2 China Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 111
17.2 Japan............................................................................................................................ 111
17.2.1 Japan Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 111
17.2.2 Japan Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 111
17.3 Korea............................................................................................................................ 111
17.3.1 Korea Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 111
17.3.2 Korea Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 111
17.4 India............................................................................................................................. 112
17.4.1 India Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 112
17.4.2 India Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 112
17.5 Australia....................................................................................................................... 112
17.5.1 Australia Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 112
17.5.2 Australia Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 112
17.6 Philippines.................................................................................................................... 112
17.6.1 Philippines Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 112

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17.6.2 Philippines Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 112
17.7 Singapore ..................................................................................................................... 112
17.7.1 Singapore Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 112
17.7.2 Singapore Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 112
17.8 Malaysia....................................................................................................................... 113
17.8.1 Malaysia Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 113
17.8.2 Malaysia Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 113
17.9 Thailand ....................................................................................................................... 113
17.9.1 Thailand Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 113
17.9.2 Thailand Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 113
17.10 Indonesia...................................................................................................................... 113
17.10.1 Indonesia Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 113
17.10.2 Indonesia Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 113
17.11 Rest of APAC ................................................................................................................ 113
17.11.1 Rest of APAC Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 113
17.11.2 Rest of APAC Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 113
18.1 Brazil ............................................................................................................................ 114
18.1.1 Brazil Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 114
18.1.2 Brazil Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 114
18.2 Argentina ..................................................................................................................... 114
18.2.1 Argentina Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 114
18.2.2 Argentina Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 114

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18.3 Colombia...................................................................................................................... 114
18.3.1 Colombia Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 114
18.3.2 Colombia Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 114
18.4 Peru.............................................................................................................................. 115
18.4.1 Peru Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 115
18.4.2 Peru Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 115
18.5 Chile ............................................................................................................................. 115
18.5.1 Chile Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 115
18.5.2 Chile Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 115
18.6 Rest of South America.................................................................................................. 115
18.6.1 Rest of South America Industrial Cooling Tower Market Revenue and Share by
Type (2018-2030)...................................................................................................... 115
18.6.2 Rest of South America Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 115
19.1 Saudi Arabia................................................................................................................. 116
19.1.1 Saudi Arabia Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 116
19.1.2 Saudi Arabia Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 116
19.2 Turkey .......................................................................................................................... 116
19.2.1 Turkey Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 116
19.2.2 Turkey Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 116
19.3 Nigeria.......................................................................................................................... 116
19.3.1 Nigeria Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 116
19.3.2 Nigeria Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 116
19.4 UAE .............................................................................................................................. 117
19.4.1 UAE Industrial Cooling Tower Market Revenue and Share by Type (2018-2030)....... 117

15
19.4.2 UAE Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 117
19.5 Egypt ............................................................................................................................ 117
19.5.1 Egypt Industrial Cooling Tower Market Revenue and Share by Type (2018-
2030)......................................................................................................................... 117
19.5.2 Egypt Industrial Cooling Tower Market Revenue and Share by Application
(2018-2030) .............................................................................................................. 117
19.6 South Africa.................................................................................................................. 117
19.6.1 South Africa Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 117
19.6.2 South Africa Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 117
19.7 GCC Countries .............................................................................................................. 117
19.7.1 GCC Countries Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 117
19.7.2 GCC Countries Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 117
19.8 Rest of MEA.................................................................................................................. 118
19.8.1 Rest of MEA Industrial Cooling Tower Market Revenue and Share by Type
(2018-2030) .............................................................................................................. 118
19.8.2 Rest of MEA Industrial Cooling Tower Market Revenue and Share by
Application (2018-2030)............................................................................................ 118
20.1 Key Takeaways............................................................................................................. 119
20.2 Analyst Point of View................................................................................................... 119

16
FIG. 1 Primary Research Method 20
FIG. 2 Market Research Process 21
FIG. 3 Source of Secondary Research 22
FIG. 4 Top-Down Method 23
FIG. 5 Bottom-Up Method 23
FIG. 6 Data Triangulation 24
FIG. 7 Global Industrial Cooling Tower Market, 2018 – 2030, (USD Million) 31
FIG. 8 Global Industrial Cooling Tower Value, Absolute & Opportunity Analysis 31
FIG. 9 Global Industrial Cooling Tower Market, Y-o-Y Growth Projection (2023-2030) 32
FIG. 10 Global Industrial Cooling Tower Revenue Market Share (%) by Regions in 2018, 2022, 2030 35
FIG. 11 North America Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-2030) 36
FIG. 12 North America Industrial Cooling Tower Value, Absolute & Opportunity Analysis 36
FIG. 13 Europe Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-2030) 37
FIG. 14 Europe Industrial Cooling Tower Value, Absolute & Opportunity Analysis 37
FIG. 15 Asia Pacific Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-2030) 38
FIG. 16 Asia Pacific Industrial Cooling Tower Value, Absolute & Opportunity Analysis 38
FIG. 17 Latin America Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-2030) 39
FIG. 18 Latin America Industrial Cooling Tower Value, Absolute & Opportunity Analysis 39
FIG. 19 Middle East and Africa Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-2030) 40
FIG. 20 Middle East and Africa Industrial Cooling Tower Value, Absolute & Opportunity Analysis 40
FIG. 21 Global Industrial Cooling Tower Revenue (USD Million) Status and Outlook (2018-2030) 41
FIG. 22 Global Industrial Cooling Tower Revenue Share by Manufacturers 43
FIG. 23 Top Winning Strategies, by Manufacturers (2018-2022) 46
FIG. 24 Overall Company’s Disclosure Score 47
FIG. 25 Global Industrial Cooling Tower Market – PESTEL Analysis 55
FIG. 26 Porter’s Five Forces Analysis 57
FIG. 27 Power of Suppliers 58
FIG. 28 Threat of Substitutes 59
FIG. 29 Potential of New Entrants into an Industry 60
FIG. 30 Power of Customers 61
FIG. 31 Competition in the Industry 62
FIG. 32 Product Life Cycle 63
FIG. 33 Market Attractiveness Analysis by Type Segment 64
FIG. 34 Market Attractiveness Analysis by Application Segment 65
FIG. 35 Value Chain Analysis of Industrial Cooling Tower Market 66
FIG. 36 2022 Revenue Market Share (%) of Industrial Cooling Tower by Type 70
FIG. 37 Global Evaporative Cooling Tower Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 71
FIG. 38 Global Evaporative Cooling Tower Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 71
FIG. 39 Industrial Cooling Tower Market for Evaporative Cooling Tower, by Country (2021 Vs 2024) 72
FIG. 40 Global Dry Cooling Tower Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 73
FIG. 41 Global Dry Cooling Tower Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 73
FIG. 42 Industrial Cooling Tower Market for Dry Cooling Tower, by Country (2021 Vs 2024) 74
FIG. 43 Global Hybrid Cooling Tower Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 75
FIG. 44 Global Hybrid Cooling Tower Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 75
FIG. 45 Industrial Cooling Tower Market for Hybrid Cooling Tower, by Country (2021 Vs 2024) 76

17
FIG. 46 2022 Revenue Market Share (%) of Industrial Cooling Tower by Application 77
FIG. 47 Global Petrochemicals And Oil & Gas Market Revenue (USD Million) and Growth Rate (%), (2018 –
2030) 78
FIG. 48 Global Petrochemicals And Oil & Gas Market Revenue (USD Million) and Growth Rate (%), (2018 –
2030) 78
FIG. 49 Industrial Cooling Tower Market for Petrochemicals And Oil & Gas, by Country (2021 Vs 2024) 79
FIG. 50 Global HVACR Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 80
FIG. 51 Global HVACR Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 80
FIG. 52 Industrial Cooling Tower Market for HVACR, by Country (2021 Vs 2024) 81
FIG. 53 Global Food & Beverages Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 82
FIG. 54 Global Food & Beverages Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 82
FIG. 55 Industrial Cooling Tower Market for Food & Beverages, by Country (2021 Vs 2024) 83
FIG. 56 Global Power Generation Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 84
FIG. 57 Global Power Generation Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 84
FIG. 58 Industrial Cooling Tower Market for Power Generation, by Country (2021 Vs 2024) 85
FIG. 59 Global Others Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 86
FIG. 60 Global Others Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 86
FIG. 61 Industrial Cooling Tower Market for Others, by Country (2021 Vs 2024) 87
FIG. 62 Baltimore Aircoil Revenue Market Share (%) (2018-2022) 90
FIG. 63 Baltimore Aircoil R&D Investment (USD Million) (2019-2020) 91
FIG. 64 Baltimore Aircoil Net Sales, By Region (2019-2020) 91
FIG. 65 2018, 2022 and 2030 Revenue Market Share (%) of Industrial Cooling Tower by Region 96
FIG. 66 North America Industrial Cooling Tower Market Share (%) by Country (2018-2030) 97
FIG. 67 North America Industrial Cooling Tower Market Y-o-Y Growth Projection 98
FIG. 68 North America Industrial Cooling Tower Market Size by Type 2022 and 2030 99
FIG. 69 North America Industrial Cooling Tower Market Size by Application 2022 and 2030 100
FIG. 70 United States Industrial Cooling Tower Market Share % by Type in 2022 101
FIG. 71 United States Industrial Cooling Tower Market Share % by Application in 2022 102
FIG. 72 Canada Industrial Cooling Tower Market Share % by Type in 2022 103
FIG. 73 Canada Industrial Cooling Tower Market Share % by Application in 2022 104
FIG. 74 Mexico Industrial Cooling Tower Market Share % by Type in 2022 105
FIG. 75 Mexico Industrial Cooling Tower Market Share % by Application in 2022 106

18
TABLE 1 Market Snapshot 33
TABLE 2 Industrial Cooling Tower Market Revenue (USD Million) Comparison by Regions (2018-2030) 35
TABLE 3 Global Industrial Cooling Tower Market Price Analysis (USD Million) by Regions, 2018-2030 41
TABLE 4 Global Industrial Cooling Tower Revenue (USD Million) by Manufacturers (2018-2022) 42
TABLE 5 Global Industrial Cooling Tower Revenue Share by Manufacturers (2018-2022) 43
TABLE 6 Global Industrial Cooling Tower Market: Market Evaluation Framework 44
TABLE 7 Drivers For Industrial Cooling Tower Market: Impact Analysis 51
TABLE 8 Restraints For Industrial Cooling Tower Market: Impact Analysis 52
TABLE 9 Price Trend Analysis 68
TABLE 10 Global Industrial Cooling Tower Revenue (USD Million) by Type (2018-2030) 70
TABLE 11 Global Industrial Cooling Tower Revenue Share (%) by Type (2018-2030) 70
TABLE 12 Global Industrial Cooling Tower Revenue (USD Million) by Application (2018-2030) 77
TABLE 13 Global Industrial Cooling Tower Revenue Share (%) by Application (2018-2030) 77
TABLE 14 Baltimore Aircoil Basic Information, Manufacturing Base, Sales Area and Its Competitors 89
TABLE 15 Baltimore Aircoil Revenue (USD Million), Gross Margin (%) and Market Share (%) (2018-2022) 90
TABLE 16 Global Industrial Cooling Tower Revenue (USD Million) by Region (2018- 2030) 96
TABLE 17 North America Industrial Cooling Tower Market by Country Revenue, 2018-2030 97
TABLE 18 North America Industrial Cooling Tower Market (USD Million) Size by Type (2018-2030) 99
TABLE 19 North America Industrial Cooling Tower Market (USD Million) Size by Application (2018-2030) 100
TABLE 20 United States Industrial Cooling Tower Market (USD Million) Size by Type (2018-2030) 101
TABLE 21 United States Industrial Cooling Tower Market (USD Million) Size by Application (2018-2030) 102
TABLE 22 Canada Industrial Cooling Tower Market (USD Million) Size by Type (2018-2030) 103
TABLE 23 Canada Industrial Cooling Tower Market (USD Million) Size by Application (2018-2030) 104
TABLE 24 Mexico Industrial Cooling Tower Market (USD Million) Size by Type (2018-2030) 105
TABLE 25 Mexico Industrial Cooling Tower Market (USD Million) Size by Application (2018-2030) 106

19
1.1 Research Methodology
Our research involves the extensive use of both primary and secondary data sources for market surveys, estimates, and analyzing
forecasts. The report is based on an in-depth qualitative and quantitative analysis of the Industrial Cooling Tower Market. We at
CMR tend to draw on various study methods, including investigations, surveys, secondary data, and market observation. Our
approach helps build a better market consensus view for size, shape, and industry trends within each segment. We carefully
factor in industry trends and actual developments for identifying key growth factors and the future course of the market. The
gathered data has been interpreted and analyzed to provide a conclusion.
The complete process involves the study of various factors, such as market scenarios, government policies, competitive
environment, historical data, current trends, technological advancements, and progress in related industries, along with threats
and challenges.

20
1.1.1 Primary Research
The primary research involves sources from the entire value chain, i.e., from supply to demand side players. The efforts include
contacting participants through emails, telephonic conversations, referrals, professional networks, and formal interactions. These
players were interviewed to obtain qualitative and quantitative information regarding the Industrial Cooling Tower Market.
Primarily, the interviews were conducted to design the scope of the report to identify segment analysis.
Our primary research interviews and discussion panel comprises vital opinion leaders, industry experts, manufacturers, and
organizations. We have pooled these experts to gather first-hand insights into the market studied. Moreover, market surveys
were performed to get insights into market trends and competitive analysis. Primary research was conducted to validate data
that had been gained by doing secondary research and to fill the data gaps after the secondary research process.
Thus, the primary research study helps us to identify segmentation types, product price range, product applications, majorplayers
involved, raw material suppliers, downstream demand, industry status, and outlook. We analyze respective risks, influence
factors, opportunities, market barriers, industry trends, and key player strategies associated with Industrial Cooling TowerMarket
by performing primaries with an exhaustive list of participants.
FIG. 1 Primary Research Method
Extensive Primary Research Helps Us to:
• Validate data findings and strengthens research proceeds
• Develop an in-depth market understanding
• Supply authentic information about market size, share breakdown, growth, and forecast

21
1.1.2 Modes of Primary Research:
We have conducted primary research involving direct interaction with the source, usually a customer or prospective customer.
Methods used while doing primary research includes Interviews, Surveys, Focus Group, etc.
FIG. 2 Market Research Process
1.2 Secondary Research Methodology:
In secondary research, we collect data on the global Industrial Cooling Tower market through White Papers, Case Studies, Blogs,
Reference Clients, News, Articles, Press Releases, Research Reports, Annual Reports, Company Investor Presentations, Scientific
Journals, National Customs, Industry Associations, and the company's filings with the SEC. Sources and approaches differ from
market to market and product to product. We also have paid data sources like Hoovers, Bloomberg BusinessWeek, Factiva (Dow
Jones), Statista, Reuters, One Source, and more. After conducting secondary research, we conduct primary research by interacting
with industry experts such as VPs, product managers, and various industry consultants. The number of interviews conducted
depends on market size and the availability of market recovery data.
Based on the understanding of requirements, we conducted secondary research to identify the segment specifications and
qualitative and quantitative data along with the factors responsible for the growth of the global Industrial Cooling Tower market.
Moreover, quantitative and qualitative data were also extracted from paid databases, which proved to be useful for in-depth
technical study of the market. Secondary research is used to identify and collect information useful for the extensive, technical,
market-oriented, and table tops survey of the market. It was used to obtain important information about the top companies,
market classification, and segmentation according to industry trends to the bottom-most levels, and key developments related
to market and technology perspectives. Secondary research has mainly been applied to obtain critical information about the
industry’s supply chain, the market downstream buyers, technical dynamics development trends. Furthermore, it also helps to
gain insight on the key vendors of this market, and market classification & segmentation according to the industry trends, regional
markets, and key developments from a market and business-oriented perspective.

22
FIG. 3 Source of Secondary Research
1.3 Market Estimation
Top-down and bottom-up approaches have been implemented to validate the Industrial Cooling Tower market size estimation.
The market estimations in this report are based on the marketed sale price of products. The percentage breakdown of regions
and segments are derived based on the data gathered from primary and secondary sources, based upon the weightage assigned
to the individual segment.
The competitive scenario has been understood by identifying major players involved in the market. The company's revenue for
the Industrial Cooling Tower market has been estimated through secondary and validated through primary research. We have
done the company's secondary research through annual reports, news articles, and other trusted sources. Primary research
included interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and
marketing executives.
This research studies includes all the associated factors impacting market growth. This data is combined and added with detailed
inputs and analysis, which is presented in this report.

23
1.3.1 Top-Down Method
FIG. 4 Top-Down Method
1.3.2 Bottom-Up Method
FIG. 5 Bottom-Up Method

24
1.3.3 Data Triangulation
After completing market engineering with calculations for market statistics, market size estimations, market forecasting, market
breakdown, and other data gathering, extensive primary research was conducted to gather information and verify and validate
the critical numbers arrived at. The data was triangulated by studying various factors and trends from both, the demand and
supply sides. Along with this, the market size was validated using the top-down and bottom-up approach.
FIG. 6 Data Triangulation

25
1.4 Questionnaire
At Cognitive Market Research, we have designed questionnaire focused on Industrial Cooling Tower Market for the statistical
study. This questionnaire is the key part of our research methodology which is shared with number of Industrial Cooling Tower
industry experts of entire value chain, located across the globe. This study help us to gather accurate quantitative and qualitative
data for the final report.

26

27
2.1 Global Industrial Cooling Tower Industry Introduction

28
2.2 Objectives of the Study
• Our objective for the Industrial Cooling Tower market is to help in making imperative business decisions, securing
investments, determining new business opportunities in the market. Further, the report helps to analyze overall
marketing needs of customers, and avoiding business failures
• To know the potential market size and growth rate before launching a new product line. The report in a way help in
designing R&D budget wisely by estimating maximum total profit
• To identify the Industrial Cooling Tower market dynamics, industrial insights, and economic progression for critical
information about the market conditions and specific business landscape
• To assess the overall competitive landscape of a particular business sector and to provide complete analysis in regards
with various external factors impacting the market growth
• To create a strong foundation for building a strategy and foster insight into market conditions so that market players
can make better business decisions. Besides, our aim is to provide complete portfolio of the major players involved the
market
• To define the scope which will further help in creating new products that will surpass the gap between current offerings
and customers’ needs
• To help in revealing significant clues concerning buying habits, regional culture, lifestyle, and population density that
plays an integral role in shaping market behavior
• To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the
total market.
2.3 USP of the Report
Cognitive market research is a market research, analysis and solutions focused company that provides clients with strategic and
tactical support to draw informed business conclusions. We are a dedicated and enthusiastic group of people who firmly believe
in doing our best in what we do, and we never back down from any challenge.
Cognitive Market Research provides coverage, analysis, information, statistics and reports on global and regional markets,
industries, sectors and domains including pharmaceuticals, chemicals and materials, technology and media, food and beverages,
packaging and consumer and other industries. We provide a 360-degree view of the market and provide accurate forecasts, and
also cover the competitive landscape, providing detailed market segmentation, key trends and strategic recommendations to
keep our clients ahead of the competition.
We broadly categorize our products into custom market research and syndicated market research reports. A syndicated research
report covers data, information and analysis on a subject or subject that may benefit one ormore businesses or individuals. Topics
or headlines may vary by macro industry or micro market level. We offer unique report titles which cover the entire landscape of
the specific industry from a host of industry verticals.

29
2.4 Who is this report for?
The research study and report are been made exclusively for an institution or person who is strategizing to build a business or
strategically wants to expand certain portfolio. This report will help in analyzing complete market scenario across the globe who
wish to expand its current business or is willing to invest in some profitable sector. This report will prove beneficial for person or
an organization who wish to be updated regarding their business environment, consumers’ behaviour, and their requirements.
The environment is constantly changing, in such scenario this report will help in understanding market parameters through 360-
degree view.
The report is thus ideal for KOL, CEO's, CFO's, directors, and others. It is also helpful to senior executives, business development
managers, marketing managers, and consultants. Furthermore, government bodies, agencies and other kind of organizations can
also leverage our report to understand market.
2.5 Regional Fragmentation
NA:
➢ U.S., Canada, Mexico
EU:
➢ Germany, UK, Italy, France, Spain, Switzerland, Sweden, Rest of EU
APAC:
➢ China, Japan, India, South Korea, Australia, Philippines, Vietnam, Malaysia, Rest of APAC
LA:
➢ Brazil, Chile, Argentina, Colombia, Peru, Rest of Latin America
MEA:
➢ Saudi Arabia, UAE, Egypt, South Africa, Iraq, Kuwait, Morocco, Others

30
2.6 Report Duration
Note: *The complete report is been projected in USD Dollars. In the process of analysis, findings from other currency is been
converted to USD Dollars
**All the estimations in terms of volume and revenue are presented in Units and USD Million respectively.
2.7 List of Stakeholders
➢ Raw material suppliers
➢ Manufacturers and Distributors
➢ OEM’s
➢ Government and financial institutions
➢ Technology investors
➢ Venture capitalists
➢ Associations, organizations, forums, and alliances
➢ End-users
2023-2030
2022
2018-2022

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3.1 Global Industrial Cooling Tower Market, 2018 – 2030, (USD Million)
The Global Industrial Cooling Tower Market is valued at USD XX Million in 2018 and is expected to reach USD XX Million by the
end of 2030, growing at a CAGR of XX% between 2023 and 2030.
FIG. 7 Global Industrial Cooling Tower Market, 2018 – 2030, (USD Million)
Source: Cognitive Market Research
3.2 Global Industrial Cooling Tower Value, Absolute & Opportunity Analysis
FIG. 8 Global Industrial Cooling Tower Value, Absolute & Opportunity Analysis

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3.3 Global Industrial Cooling Tower Market Y-o-Y Growth Projection by Region (2023 - 2030)
FIG. 9 Global Industrial Cooling Tower Market, Y-o-Y Growth Projection (2023-2030)

33
3.4 Global Industrial Cooling Tower Market: Snapshot
TABLE 1 Market Snapshot
Industrial
Cooling
Tower
Market
2018 2022 2030
Global
Revenue
(USD
Million)
xx xx xx
CAGR (2023
– 2030)
xx%
Key Type
Segment
(Revenue
Share)
Evaporative Cooling Tower:xx%
Dry Cooling Tower:xx%
Hybrid Cooling Tower:xx%
Evaporative Cooling Tower:xx%
Dry Cooling Tower:xx%
Hybrid Cooling Tower:xx%
XX
Key
Application
Segment
(Revenue
Share)
Petrochemicals And Oil &
Gas:xx%
HVACR:xx%
Food & Beverages:xx%
Power Generation:xx%
Others:xx%
Petrochemicals And Oil &
Gas:xx%
HVACR:xx%
Food & Beverages:xx%
Power Generation:xx%
Others:xx%
XX
Key Regional
Segment
(Revenue
Share)
North America: xx%
Europe: xx%
Asia Pacific: xx%
Latin America: xx%
Middle East and Africa: xx%
North America: xx%
Europe: xx%
Asia Pacific: xx%
Latin America: xx%
North America: xx%
Europe: xx%
Asia Pacific: xx%
Latin America: xx%
Driver
Restraint

34
Opportunity
Trend

35
4.1 Product Overview and Scope of Industrial Cooling Tower Market
4.2 Global Industrial Cooling Tower Revenue Market by Regions (2018-2030)
TABLE 2 Industrial Cooling Tower Market Revenue (USD Million) Comparison by Regions (2018-
2030)
Regions 2018 2022 2030 Market Share
(%)
2030
CAGR (%)
(2023-2030)
North America XX XX XX XX Xx
Europe XX XX XX XX Xx
Asia Pacific XX XX XX XX Xx
Latin America XX XX XX XX Xx
Middle East and Africa XX XX XX XX Xx
Total XX XX XX XX XX
FIG. 10 Global Industrial Cooling Tower Revenue Market Share (%) by Regions in 2018, 2022,
2030

36
4.2.1 North America Industrial Cooling Tower Status and Prospect (2018 -2030)
The North America Industrial Cooling Tower market size was USD xx Million in 2018 and it will be USD xx
Million in 2030.
FIG. 11 North America Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-
2030)
4 . 2 . 1 . 1 No r t h Am e r i c a I n d u s t r i al Co o l i n g T o w e r Va l u e , Ab s o l u t e &
O p p o r t u n i t y An a l y s i s
FIG. 12 North America Industrial Cooling Tower Value, Absolute & Opportunity Analysis

37
4.2.2 Europe Industrial Cooling Tower Status and Prospect (2018 -2030)
The Europe Industrial Cooling Tower market size was USD xx Million in 2018 and it will be USD xx Million
in 2030.
FIG. 13 Europe Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-2030)
4 . 2 . 2 . 1 Eu r o p e I n d u s t r i a l Co o l i n g T o w e r Va l u e , Ab s o l u t e & O p p o r t u n i t y
An a l y s i s
FIG. 14 Europe Industrial Cooling Tower Value, Absolute & Opportunity Analysis

38
4.2.3 Asia Pacific Industrial Cooling Tower Status and Prospect (2018 -2030)
The Asia Pacific Industrial Cooling Tower market size was USD xx Million in 2018 and it will be USD xx
Million in 2030.
FIG. 15 Asia Pacific Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-
2030)
4 . 2 . 3 . 1 As i a Pa c i f i c I n d u s t r i al Co o l i n g T o w e r Va l ue , Ab s o l u t e &
FIG. 16 Asia Pacific Industrial Cooling Tower Value, Absolute & Opportunity Analysis

39
4.2.4 Latin America Industrial Cooling Tower Status and Prospect (2018 -2030)
The Latin America Industrial Cooling Tower market size was USD xx Million in 2018 and it will be USD xx
Million in 2030.
FIG. 17 Latin America Industrial Cooling Tower Revenue (USD Million) and Growth Rate (2018-
2030)
4 . 2 . 4 . 1 L a t i n Am e r i c a I n d u s t ri a l Co o l i n g T ow e r Val u e , Ab s o l u t e &
FIG. 18 Latin America Industrial Cooling Tower Value, Absolute & Opportunity Analysis

40
4.2.5 Middle East and Africa Industrial Cooling Tower Status and Prospect (2018 -
2030)
The Middle East and Africa Industrial Cooling Tower market size was USD xx Million in 2018 and it will be
USD xx Million in 2030.
FIG. 19 Middle East and Africa Industrial Cooling Tower Revenue (USD Million) and Growth
Rate (2018-2030)
4 . 2 . 5 . 1 M i d d l e Ea s t a n d Af ri c a I n d u s t r i al Co o l i n g T o w e r Va l u e , Ab s o l u t e &
FIG. 20 Middle East and Africa Industrial Cooling Tower Value, Absolute & Opportunity Analysis

41
4.3 Global Industrial Cooling Tower Market Size (2018-2030)
4.3.1 Global Industrial Cooling Tower Revenue Status and Outlook (2018 -2030)
The Global Industrial Cooling Tower Market is valued at USD xx Million in 2018 and is expected to reach
USD xx Million by the end of 2030.
FIG. 21 Global Industrial Cooling Tower Revenue (USD Million) Status and Outlook (2018-2030)
4.4 Global Industrial Cooling Tower Market Price Analysis by Regions (2018-2030)
TABLE 3 Global Industrial Cooling Tower Market Price Analysis (USD Million) by Regions, 2018-
2030
2018
A
2019
A
2020
A
2021
A
2022
A
2023
E
2024
F
2025
F
2026
F
2027
F
2028
F
2029
F
2030
F
NA XX XX XX XX XX XX XX XX XX XX XX XX XX
EU XX XX XX XX XX XX XX XX XX XX XX XX XX
APAC XX XX XX XX XX XX XX XX XX XX XX XX XX
LA XX XX XX XX XX XX XX XX XX XX XX XX XX
MENA XX XX XX XX XX XX XX XX XX XX XX XX XX
Global XX XX XX XX XX XX XX XX XX XX XX XX XX

42
This chapter covers a competitive analysis of the Global Industrial Cooling Tower market, and it includes quantitative information
such as revenue and market share of the manufacturers. The chapter also includes information regarding the strategies adopted
by the manufacturers such as mergers, acquisitions, and new product launches.
Main questions answered by this chapter:
• Which key players are working in the industry?
• What is the market share of the major companies?
• What are the new product launches by manufacturers
• Merger and acquisition strategies by manufacturers
5.1 Global Industrial Cooling Tower Revenue and Share by Manufacturers (2018-2022)
TABLE 4 Global Industrial Cooling Tower Revenue (USD Million) by Manufacturers (2018-2022)
Manufacturers 2018A 2019A 2020A 2021A 2022A
Baltimore Aircoil xx xx xx xx xx
Bell Cooling Tower xx xx xx xx xx
Brentwood Industries xx xx xx xx xx
Enexio xx xx xx xx xx
Hamon & Cie International xx xx xx xx xx
Paharpur Cooling Towers xx xx xx xx xx
SPIG xx xx xx xx xx
SPX xx xx xx xx xx
Star Cooling Towers Private xx xx xx xx xx
Others xx xx xx xx xx

43
TABLE 5 Global Industrial Cooling Tower Revenue Share by Manufacturers (2018-2022)
Manufacturers 2018A 2019A 2020A 2021A 2022A
Baltimore Aircoil xx xx xx xx xx
Bell Cooling Tower xx xx xx xx xx
Brentwood Industries xx xx xx xx xx
Enexio xx xx xx xx xx
Hamon & Cie International xx xx xx xx xx
Paharpur Cooling Towers xx xx xx xx xx
SPIG xx xx xx xx xx
SPX xx xx xx xx xx
Star Cooling Towers Private xx xx xx xx xx
Others xx xx xx xx xx
FIG. 22 Global Industrial Cooling Tower Revenue Share by Manufacturers
From the above graph, we will be able to infer that whether the market is consolidated or fragmented. Further, we can tell what is market
share holdings of leading players operating in this industry.

44
5.2 Global Industrial Cooling Tower Mergers and Acquisition Analysis/ Top Winning Strategies/
New Launches Analysis
TABLE 6 Global Industrial Cooling Tower Market: Market Evaluation Framework
Date Nature Strategic Initiative/
Development
Details/Impact
Baltimore Aircoil XXXXXX XXXXXX XXXXXX xx
Bell Cooling Tower XXXXXX XXXXXX XXXXXX xx
Brentwood Industries XXXXXX XXXXXX XXXXXX xx
Enexio XXXXXX XXXXXX XXXXXX xx
Hamon & Cie International XXXXXX XXXXXX XXXXXX xx
Paharpur Cooling Towers XXXXXX XXXXXX XXXXXX xx
SPIG XXXXXX XXXXXX XXXXXX xx
SPX XXXXXX XXXXXX XXXXXX xx
Star Cooling Towers Private XXXXXX XXXXXX XXXXXX xx
Others XXXXXX XXXXXX XXXXXX xx

45
5.3 Company Categorization
Market Leaders Emerging Players Key Innovators
Company 1 Company 1 Company 1

46
5.4 Top Winning Strategies, by Manufacturers (2018-2022)
FIG. 23 Top Winning Strategies, by Manufacturers (2018-2022)

47
6.1 Overall Company’s Disclosure Score
FIG. 24 Overall Company’s Disclosure Score
Manufacturers Company Name Avg Industry Score Industry Leader Deviation Risk
Environment XX XX XX XX XX
Social XX XX XX XX XX
Governance XX XX XX XX XX
Total
ESG Score
XX XX XX XX XX

48
Global economy has been affected by the coronavirus pandemic due to the global economic slowdown. The disruption of the
supply chain has caused a shortage of raw materials and components. All these parameters have been analyzed with an approach
of its effects on Industrial Cooling Tower market.
• Impact of COVID-19 on pricing of Industrial Cooling Tower product
• Impact of COVID-19 pandemic on overall market
• Impact of COVID-19 on manufacturer
• Impact of COVID-19 on supplier
7.1 Global Industrial Cooling Tower Market – COVID – 19 Impact Analysis
An analysis of the market developments between December 2019 to till date revealed that product commercialization,
developmental collaborations, and product distribution partnerships were adopted by market players to maintain a competitive
position in the Industrial Cooling Tower market to mitigate the COVID-19 impact. Product commercialization was the most widely
adopted growth strategy.

49
7.1.1 Influencing Factors
There are three major influencing factors:
• COVID-19 infection rates
• Governments’ actions to control the pandemic
• The annualized monthly GDP rates
7.1.2 Forecast Assumptions
Annualized monthly GDP growth rates will vary by region and country.

50
7.1.3 Impact of COVID-19 on Global Industrial Cooling Tower Market
There is hardly any place in the world that has remained unaffected by the brutality of the Covid-19 pandemic, almost every
company is suffering from ruthless Novel Coronavirus Disease. To encompass the pandemic, many nations and Governments
around the world has imposed a lockdown, which is restricting the gatherings and the movement of people. Along with this, the
transportation hasn’t been opened completely which also impacted import and export of chemical industry and there is also
shortage of raw-materials. In addition to this, the Covid-19 cases are increasing and government is re-imposing the lockdown
situation, hence there will be again shortage of workforce in the factories that may impact the business functioning. This re-
imposing of lockdown will also impact the logistic & supply chain, which will show the huge loss in the industry.
7.1.4 Consumer Buying Behavior on Global Industrial Cooling Tower Market
The COVID-19 (Coronavirus Disease) pandemic have forced many companies to halt their business operation in order to comply
with the new government regulations. Therefore, consumer’s priorities are more inclined towards basic needs, which increases
demand for hygiene, cleaning and staples products, while there is decrease in demand for non-essential categories products.
Moreover, consumers are also feeling anxious and worried, which lead them towards panic-buying of staples and hygiene
products. Along with this, in this pandemic crisis, consumers are also changing their buying preferences because there is rise in
buy local trend, therefore consumers are migrating towards digital commerce for their grocery and other shopping instead of
buying it from physical stores.

51
8.1 Market Drivers
8.1.1 Drivers for Industrial Cooling Tower Market: Impact Analysis
TABLE 7 Drivers For Industrial Cooling Tower Market: Impact Analysis
Market Drivers
2018-21 2022-23 2023-30
Impact
XXXXX XX XX XX
XXXXX XX XX XX
Qualitative Analysis

52
8.2 Market Restraints
8.2.1 Restraints for Industrial Cooling Tower Market: Impact Analysis
TABLE 8 Restraints For Industrial Cooling Tower Market: Impact Analysis
Market Restraints
2018-21 2022-23 2023-30
Impact
XXXXX XX XX XX
XXXXX XX XX XX

53
8.3 Opportunity
8.4 Market Trends

54
8.5 Technological Road Map

55
8.6 PESTEL Analysis for Industrial Cooling Tower Market
We at Cognitive Market Research provide complete analysis of all the key external factors which includes Political, Economic,
Sociological, Technological, Legal and Environmental which significantly impacts market performance. This analysis will be useful
in a range of different scenarios and will guide in taking strategic decisions for respective companies or organizations.
Furthermore, PESTEL analysis will help to develop innovative product and market initiatives by identifying business models that
may profoundly affect the future employment landscape. Monitoring of all the external factors will help to make proper
marketing plans by prioritizing objectives within a set timeframe. It thus guides you to make effective decisions determining
product position and will assist you to understand opportunities and threats around the globe.
FIG. 25 Global Industrial Cooling Tower Market – PESTEL Analysis
8.6.1 Political
Political factors include tax policy, environmental regulations, trade restrictions and reform, tariffs, and also political stability.
These factors determine the extent to which a government may influence an industry or a company. Forexample, the government
may bring new tax reforms that might change the whole revenue-generating system of a company.
8.6.2 Economic
Economic factors include economic growth/decline, interest, exchange, inflation and wage rates, minimum wage, working hours,
unemployment (local and national), credit availability, and cost of living. These factors are determinants to an economy’s
performance that directly impacts a company and also have resonating long term effects.

56
8.6.3 Social
Social factors include cultural norms and expectations, health consciousness, population growth rates, age distribution, career
attitudes, health, and safety. These factors are helpful for companies to better plan their marketing analytics and strategy.
8.6.4 Technological
Technological factors mean the innovations and developments in technologies. These factors impact an organization’s
operations. Several new developments like Artificial Intelligence, IoT, Machine Learning, Deep Learning, are being made in the
technology field and if a company fails to match up the trend it may lose its position in the market.
8.6.5 Legal
Legal factors include changes to legislation impacting employment, access to materials, quotas, resources, imports/exports, and
taxation. These factors have both external and internal sides. Certain laws have an impact on the business environment in a
country.
8.6.6 Environmental
These factors are mainly concerned with the effect of the surrounding environment and the influence of ecological aspects. These
include waste disposal laws, environmental protection laws, energy consumption regulation.
Kindly note: Final Deliverable report will be included detailed PESTLE analysis for Industrial Cooling Tower
Market.

57
8.7 Porter’s Five Forces Analysis for Industrial Cooling Tower Market
FIG. 26 Porter’s Five Forces Analysis
We will be providing competitive position analysis by giving in-depth explanation of Porter’s analysis for Industrial Cooling Tower
market. The Porter's analysis will help you in determining competitive intensity and attractiveness of a market. It helps to
understand the availability of level of powers at different chains of market. This is useful both in understanding the strength of
an organization’s current competitive position, and the strength of a position that an organization may look to move into. It thus
also provides an idea about a product profitability.
Benefits of Porter’s Analysis:
• Helps in examining competitive intensity
• Better understanding about business’s supplier's control
• Identifying number of suppliers of raw materials and other resources
• Gives an idea about price trends
• Helps in achieving idea about the consumers and their purchase habit
• Identifies new entrants and barriers of entering into the market
• Provide all-inclusive analysis of substitute availability
We will thus help you in understanding business and its potential by providing complete competitive analysis through Porter’s
Five Forces.

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8.7.1 Power of Suppliers
The next factor in the Porter model addresses how easily suppliers can drive up the cost of inputs. It is affected by the number of
suppliers of key inputs of a good or service, how unique these inputs are, and how much it would cost a company to switch to
another supplier.
The fewer suppliers to an industry, the more a company would depend on a supplier. As a result, the supplier has more power
and can drive up input costs and push for other advantages in trade. On the other hand, when there are many suppliers or low
switching costs between rival suppliers, a company can keep its input costs lower and enhance its profits.
FIG. 27 Power of Suppliers

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8.7.2 Threat of Substitutes
The last of the Five Forces focuses on substitutes. Substitute goods or services that can be used in place of a company's products
or services pose a threat. Companies that produce goods or services for which there are no close substitutes will have more
power to increase prices and lock in favorable terms. When close substitutes are available, customers will have the option to
forgo buying a company's product, and a company's power can be weakened.
FIG. 28 Threat of Substitutes

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8.7.3 Potential of New Entrants into an Industry
A company's power is also affected by the force of new entrants into its market. The less time and money it costs for a competitor
to enter a company's market and be an effective competitor, the more an established company's position could be significantly
weakened.
FIG. 29 Potential of New Entrants into an Industry
An industry with strong barriers to entry is ideal for existing companies within that industry since the company would be able to
charge higher prices and negotiate better terms.

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8.7.4 Power of Customers
The ability that customers have to drive prices lower or their level of power is one of the Five Forces. It is affected by how many
buyers or customers a company has, how significant each customer is, and how much it would cost a company to find new
customers or markets for its output.
A smaller and more powerful client base means that each customer has more power to negotiate for lower prices and better
deals. A company that has many, smaller, independent customers will have an easier time charging higher prices to increase
profitability.
FIG. 30 Power of Customers

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8.7.5 Competition in the Industry
The first of the Five Forces refers to the number of competitors and their ability to undercut a company. The larger the number
of competitors, along with the number of equivalent products and services they offer, the lesser the power of a company.
FIG. 31 Competition in the Industry

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8.8 Product Life Cycle of Industrial Cooling Tower Market
The report will include detailed insights into the product lifecycle and analyze the behavior of a product from development to
exit from the Industrial Cooling Tower market. Our product life cycle analysis covers every stage of growth, from launch to
adoption, sales maturation, and decline. The introduction is the first stage of the product lifecycle, where we will provide product
life cycle strategies to ensure the product reaches its target audience. Growth is the second stage, consumers start buying the
product, it becomes popular, and its sales increase. To determine growth potential, we offer brand retention strategies to build
a loyal customer base.
Furthermore, maturity is another stage of the product lifecycle, where sales slowdown, indicating that the market has begun to
reach saturation. To determine the saturation level, we provide new ways to innovate the company’s product and strategies to
increase its longevity. Similarly, in the declining stage, product sales begin to drop due to market saturation and the new
availability of alternative products. Our cognitive market research team will help clients tactfully make strategic plans for product
launches, and support them in making strategic decisions about pricing for bringing new products to market.
FIG. 32 Product Life Cycle

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8.9 Market Attractiveness Analysis
CMR is providing an extensive research and insights by offering market attractiveness graph. It shows influencing segment in the
market and position of each and every segment that where the particular segment is positioned in the current market.
Market attractiveness will help you to see various opportunities for profitability which then an organization can achieve in a
competitive market area. Wide array of variables influences market attractiveness, including size, growth rates, pricing trends,
competition, and overall risk in the industry. We provide thorough analysis on each and every influencer that entails around
markets or geographies. If you are looking for market attractiveness analysis for a specific market, we assure you to help you out.
8.9.1 Market Attractiveness Analysis by Type Segment
FIG. 33 Market Attractiveness Analysis by Type Segment
The above attractiveness graph shows influencing segment in the market and position of each and every segment that where the
particular segment is positioned in the current market. It will suggest various opportunities for profitability that any company or
organization can achieve in a competitive market area.

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8.9.2 Market Attractiveness Analysis by Application Segment
FIG. 34 Market Attractiveness Analysis by Application Segment
The above attractiveness graph shows influencing segment in the market and position of each and every segment that where the
particular segment is positioned in the current market. It will suggest various opportunities for profitability that any company or
organization can achieve in a competitive market area.

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9.1 Industry chain analysis
This chapter of the report explains complete process by identifying factors that create or hinder cost efficiency in its business
model. The analysis is been performed by scrutinizing every production step required to create a product, with the ultimate goal
of delivering maximum value for the least possible total cost.
FIG. 35 Value Chain Analysis of Industrial Cooling Tower Market
9.2 Manufacturing Cost Analysis
This content will explain complete manufacturing process along with major raw materials required to manufacture end-product.
Further, average current price analysis will be added to this part which can help readers to analyze its cost structure. Majorly it
will be segregated into three major categories: direct materials cost, direct labor cost and manufacturing overhead. It will assist
with technologies in the manufacturing industry to ensure quality, increase performance and yield, reduce costs, and optimize
supply chains.
9.3 Consumer Preference Analysis
This content expresses complete analysis of what aspects of a product affect and how they affect a consumer's purchasing
decision. It is used to identify requirements and preferences of group of consumers.

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9.4 Supply Side Analysis
9.4.1 Raw Material Analysis
9.4.2 Raw Material Procurement Analysis

Industrial Cooling Tower Market Report 2023 - Cognitive Market Reserach.pdf

Industrial Cooling Tower Market Report 2023 - Cognitive Market Reserach.pdf

Industrial Cooling Tower Market Report 2023 - Cognitive Market Reserach.pdf

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