Cooling towers are devices that help in heat transfer and rejection into the atmosphere. The process involves the cooling of a water stream via evaporation. A small portion of the water that is being cooled gets evaporated and flows along with the air stream, which enables the process water to be cooled significantly. Hybrid cooling towers effectively radiate heat from the process equipment in major industries, such as the power generation industry, and emit it into the surrounding atmosphere. Unlike traditional cooling towers, hybrid ones take care of the visible plume and arrest it before rejecting it from the towers.
One driver in the market is intelligent hybrid cooling technology. The temperature of the water that is heated in process industries, power utilities, HVAC/R, data centers, and several other industries having high-heat applications is reduced by open cooling towers. The warm water is poured on the fill within the cooling towers, which provides a large surface area for the process of heat removal via evaporation. The process is known as a wet process. Thus, a constant supply of water is required to replace the evaporated water from the cooling tower. However, in several regions, continuing droughts and escalating competition for this vital resource restrict water availability.
One challenge in the market is fire hazards. The use of inflammable construction materials in whole or part for the construction of cooling towers can aid in internal fire propagation. Considering the high surface-volume ratio of the towers, such fires can spread wildly, causing immense damage as the fire can get intensified by the natural or fan-assisted air draft within the tower. Damages can be severe enough to facilitate the requirement to replace the entire tower structure. This is the reason why certain regulations and standards suggest the incorporation of automatic fire sprinkler systems within inflammable cooling towers. Fire can spread across the tower even when it is not in operation.
The Hybrid Cooling Towers market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hybrid Cooling Towers.
This report presents the worldwide Hybrid Cooling Towers market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Babcock & Wilcox Enterprises
Hybrid Cooling Towers Breakdown Data by Type
Hybrid Cooling Towers Breakdown Data by Application
Oil and Gas
Food and Beverage
Chemical and Petrochemical
Hybrid Cooling Towers Production by Region
Hybrid Cooling Towers Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Hybrid Cooling Towers status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Hybrid Cooling Towers manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Hybrid Cooling Towers :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hybrid Cooling Towers market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.