COOLING TOWERS MARKET ANALYSIS

One of the key factors restraining the growth of the global cooling towers market is the requirement of regular maintenance of cooling towers. Cooling towers need to undergo periodic maintenance and cleaning to ensure optimal performance and prevent issues like microbial growth, corrosion and scale deposition. However, performing regular maintenance requires considerable time and resources which increases the overall operating costs of cooling towers.

Regular maintenance involves activities like water treatment, system inspection, fill replacement, motor and fan inspection. Proper water treatment is extremely important as it helps control scaling, corrosion and biological growth in the cooling tower system. However, maintaining water quality and treatment requires skilled professionals and involves costs related to water testing, chemicals and disinfectants. Similarly, other maintenance activities like system inspection, component cleaning and replacement of aging parts like fill, pipes and motor involves downtime, skilled labor charges and replacement equipment costs. For aging systems, responsibilities related to maintenance can outweigh the benefits.

The higher operating expenses associated with regular upkeep and servicing of cooling towers poses a major challenge, especially for price-sensitive end-use sectors and customers with limited maintenance budgets. This acts as a deterrent for new installations of cooling towers as well as premature replacement of existing old systems.

Market Opportunities: Developments in hybrid cooling towers

Developments in hybrid cooling towers present a significant opportunity in the global cooling towers market. Hybrid towers integrate traditional cooling tower technologies with new methods to provide more efficient and environmentally friendly operation. For example, many new hybrid designs combine evaporative cooling with dry cooling technologies. This allows plants to conserve water in dry or arid regions where water availability is limited, while still achieving the high heat rejection performance of wet cooling towers.