United States Cooling Tower Market

Market Overview:

United States cooling tower market size reached US$ 622.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 933.09 Million by 2032, exhibiting a growth rate (CAGR) of 4.30% during 2024-2032. The widespread adoption of heating, ventilation, and air conditioning (HVAC) systems, along with the growing number of thermal and nuclear power plants, is primarily driving the market growth.

A cooling tower is a heat exchange apparatus that utilizes water to dissipate excess heat into the atmosphere. It takes the form of a dual-curved shell structure made of concrete, supported by an arrangement of struts, and is employed to lower temperatures during various industrial processes. This device stands out for its cost-effectiveness, energy efficiency, straightforward installation, extended lifespan, robust structural integrity, and resistance to corrosion. Widely applied in contexts like cold storage facilities, petroleum refineries, heating, ventilation, and air conditioning (HVAC) systems, electric power generation, and food processing plants, the cooling tower is a versatile solution. Moreover, it finds broad usage in sizable structures including hotels, schools, and hospitals, delivering efficient and comfortable cooling services.

United States Cooling Tower Market Trends:

The United States cooling tower market emerges as a crucial sector within industrial infrastructure, facilitating efficient heat dissipation in diverse applications. Functioning as heat exchange devices, these structures rely on water to expel excess heat into the atmosphere. Additionally, comprising double-curved shell structures constructed from concrete and supported by struts, cooling towers play a pivotal role in reducing temperatures during industrial processes, which is acting as another significant growth-inducing factor. Besides this, the United States cooling tower market is characterized by cost-effectiveness, energy efficiency, ease of installation, prolonged lifespan, robust structural strength, and resistance to corrosion. Moreover, this market witnesses widespread adoption in various sectors, including cold storage units, petroleum refineries, heating, ventilation, and air conditioning (HVAC) systems, electric power generation, and food processing plants. Apart from this, cooling towers find extensive application in large-scale structures like hotels, schools, and hospitals, contributing to comfortable cooling environments. As industries continue to prioritize efficient heat management and environmental sustainability, the United States cooling tower market is poised for sustained growth, owing to technological advancements and the diverse cooling needs of industrial and commercial facilities across the country.

United States Cooling Tower Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on tower type, flow type, design, construction material, and end user.

Tower Type Insights:

• Open-Circuit Cooling Towers
• Closed-Circuit Cooling Towers
• Hybrid Cooling Towers
   

The report has provided a detailed breakup and analysis of the market based on the tower type. This includes open-circuit cooling towers, closed-circuit cooling towers, and hybrid cooling towers.

Flow Type Insights:

• Cross Flow
• Counter Flow
   

A detailed breakup and analysis of the market based on the flow type have also been provided in the report. This includes cross flow and counter flow.

Design Insights:

• Mechanical Draft Cooling Tower
• Natural Draft Cooling Tower
   

The report has provided a detailed breakup and analysis of the market based on the design. This includes mechanical draft cooling tower and natural draft cooling tower.

Construction Material Insights:

• Fiber-Reinforced Plastic (FRP)
• Steel
• Concrete
• Wood
• High-Density Polyethylene (HDPE)
• Others
   

A detailed breakup and analysis of the market based on the construction material have also been provided in the report. This includes fiber-reinforced plastic (FRP), steel, concrete, wood, high-density polyethylene (HDPE), and others.

End User Insights:

• Chemical
• HVAC
• Petrochemicals and Oil and Gas
• Power Generation
• Food and Beverages
• Others
   

The report has provided a detailed breakup and analysis of the market based on end user. This includes chemical, HVAC, petrochemicals and oil and gas, power generation, food and beverages, and others.

Regional Insights: 

• Northeast 
• Midwest 
• South 
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West. 

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

• Babcock & Wilcox Enterprises Inc.
• Baltimore Aircoil Company (AMSTED Industries Incorporated)
• Delta Cooling Towers Inc.
• SPX Cooling Tech LLC (SPX Corporation)
   

 (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

United States Cooling Tower Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States cooling tower market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States cooling tower market?
• What is the breakup of the United States cooling tower market on the basis of tower type?
• What is the breakup of the United States cooling tower market on the basis of flow type?
• What is the breakup of the United States cooling tower market on the basis of design?
• What is the breakup of the United States cooling tower market on the basis of construction material?
• What is the breakup of the United States cooling tower market on the basis of end user?
• What are the various stages in the value chain of the United States cooling tower market? 
• What are the key driving factors and challenges in the United States cooling tower?
• What is the structure of the United States cooling tower market and who are the key players?
• What is the degree of competition in the United States cooling tower market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States cooling tower market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States cooling tower market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States cooling tower industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.