Cooling Towers Market, By Product Type (Open Cooling Tower and Closed Circuit Cooling Tower), By Heat Transfer Method (Evaporative Cooling, Dry Cooling, and Plume Abatement Cooling), By Application (Air-Conditioning, Power Generation, and Manufacturing Industry), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI4115

Pages :130

Formats :

Excel and PDF

Industry : Smart Technologies

Market Concentration and Competitive Landscape

Cooling Towers Market Concentration By Players

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Sustainable cooling

Sustainability has become a major concern around the world in light of the looming climate crisis. There is a growing imperative for industries and utilities to curb their environmental impact and adopt greener operations. This focus on sustainability is expected to benefit the cooling towers market. Compared to traditional open-circuit cooling systems that are prone to losses, closed-circuit cooling towers offer several eco-friendly advantages. They conserve an enormous amount of water by recirculating it within the system instead of being wasted. This has significant value in water-stressed regions. Moreover, modern plume-abating cooling towers minimize emissions and potential pollution from industrial processes.

Governments across countries are implementing stringent efficiency standards and regulations to promote sustainable practices. For example, incentives are being provided to shift from once-through cooling to air-cooled condensers that use towers. Enterprises themselves are increasingly investing in sustainable cooling infrastructure to lower carbon footprint and achieve compliance. Advanced technologies like hybrid and natural draft towers that can trim energy and water usage further are gaining favor.

Key Players Insights