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.
In 2019, the market size of Hybrid Cooling Towers is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 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 studies the global market size of Hybrid Cooling Towers, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Hybrid Cooling Towers production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Babcock & Wilcox Enterprises
ENEXIO MANAGEMENT
EVAPCO
Johnson Controls
SPX
...
Market Segment by Product Type
Direct Contact
Closed Circuit
Market Segment by Application
Power Generation
Oil and Gas
Food and Beverage
HVAC
Chemical and Petrochemical
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Hybrid Cooling Towers status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Hybrid Cooling Towers manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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 are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Hybrid Cooling Towers . Industry analysis & Market Report on Hybrid Cooling Towers is a syndicated market report, published as Global (United States, European Union and China) Hybrid Cooling Towers Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Hybrid Cooling Towers market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.