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Hybrid Cooling Towers-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Hybrid Cooling Towers market size is expected to reach US$ 1229.3 million by 2029, growing at a CAGR of 3.5% from 2023 to 2029. The market is mainly driven by the significant applications of Hybrid Cooling Towers in various end use industries. The expanding demands from the Power Generation, Oil and Gas, Food and Beverage and HVAC, are propelling Hybrid Cooling Towers market. Direct Contact, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Closed Circuit segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hybrid Cooling Towers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hybrid Cooling Towers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hybrid Cooling Towers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hybrid Cooling Towers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hybrid Cooling Towers covered in this report include Babcock & Wilcox Enterprises, ENEXIO MANAGEMENT, EVAPCO, Johnson Controls and SPX, etc.
The global Hybrid Cooling Towers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Babcock & Wilcox Enterprises
ENEXIO MANAGEMENT
EVAPCO
Johnson Controls
SPX
Global Hybrid Cooling Towers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hybrid Cooling Towers market, Segment by Type:
Direct Contact
Closed Circuit
Global Hybrid Cooling Towers market, by Application
Power Generation
Oil and Gas
Food and Beverage
HVAC
Chemical and Petrochemical
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hybrid Cooling Towers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hybrid Cooling Towers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Hybrid Cooling Towers market size is expected to reach US$ 1229.3 million by 2029, growing at a CAGR of 3.5% from 2023 to 2029. The market is mainly driven by the significant applications of Hybrid Cooling Towers in various end use industries. The expanding demands from the Power Generation, Oil and Gas, Food and Beverage and HVAC, are propelling Hybrid Cooling Towers market. Direct Contact, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Closed Circuit segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hybrid Cooling Towers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hybrid Cooling Towers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hybrid Cooling Towers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hybrid Cooling Towers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hybrid Cooling Towers covered in this report include Babcock & Wilcox Enterprises, ENEXIO MANAGEMENT, EVAPCO, Johnson Controls and SPX, etc.
The global Hybrid Cooling Towers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Babcock & Wilcox Enterprises
ENEXIO MANAGEMENT
EVAPCO
Johnson Controls
SPX
Global Hybrid Cooling Towers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hybrid Cooling Towers market, Segment by Type:
Direct Contact
Closed Circuit
Global Hybrid Cooling Towers market, by Application
Power Generation
Oil and Gas
Food and Beverage
HVAC
Chemical and Petrochemical
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hybrid Cooling Towers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hybrid Cooling Towers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Hybrid Cooling Towers Market Overview
1.1 Hybrid Cooling Towers Product Overview
1.2 Hybrid Cooling Towers Market Segment by Type
1.2.1 Direct Contact
1.2.2 Closed Circuit
1.3 Global Hybrid Cooling Towers Market Size by Type
1.3.1 Global Hybrid Cooling Towers Market Size Overview by Type (2018-2029)
1.3.2 Global Hybrid Cooling Towers Historic Market Size Review by Type (2018-2023)
1.3.3 Global Hybrid Cooling Towers Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Hybrid Cooling Towers Sales Breakdown by Type (2018-2023)
1.4.2 Europe Hybrid Cooling Towers Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Hybrid Cooling Towers Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Hybrid Cooling Towers Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Hybrid Cooling Towers Sales Breakdown by Type (2018-2023)
2 Global Hybrid Cooling Towers Market Competition by Company
2.1 Global Top Players by Hybrid Cooling Towers Sales (2018-2023)
2.2 Global Top Players by Hybrid Cooling Towers Revenue (2018-2023)
2.3 Global Top Players by Hybrid Cooling Towers Price (2018-2023)
2.4 Global Top Manufacturers Hybrid Cooling Towers Manufacturing Base Distribution, Sales Area, Product Type
2.5 Hybrid Cooling Towers Market Competitive Situation and Trends
2.5.1 Hybrid Cooling Towers Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Hybrid Cooling Towers Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Hybrid Cooling Towers as of 2022)
2.7 Date of Key Manufacturers Enter into Hybrid Cooling Towers Market
2.8 Key Manufacturers Hybrid Cooling Towers Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Hybrid Cooling Towers Status and Outlook by Region
3.1 Global Hybrid Cooling Towers Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Hybrid Cooling Towers Historic Market Size by Region
3.2.1 Global Hybrid Cooling Towers Sales in Volume by Region (2018-2023)
3.2.2 Global Hybrid Cooling Towers Sales in Value by Region (2018-2023)
3.2.3 Global Hybrid Cooling Towers Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Hybrid Cooling Towers Forecasted Market Size by Region
3.3.1 Global Hybrid Cooling Towers Sales in Volume by Region (2024-2029)
3.3.2 Global Hybrid Cooling Towers Sales in Value by Region (2024-2029)
3.3.3 Global Hybrid Cooling Towers Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Hybrid Cooling Towers by Application
4.1 Hybrid Cooling Towers Market Segment by Application
4.1.1 Power Generation
4.1.2 Oil and Gas
4.1.3 Food and Beverage
4.1.4 HVAC
4.1.5 Chemical and Petrochemical
4.1.6 Others
4.2 Global Hybrid Cooling Towers Market Size by Application
4.2.1 Global Hybrid Cooling Towers Market Size Overview by Application (2018-2029)
4.2.2 Global Hybrid Cooling Towers Historic Market Size Review by Application (2018-2023)
4.2.3 Global Hybrid Cooling Towers Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Hybrid Cooling Towers Sales Breakdown by Application (2018-2023)
4.3.2 Europe Hybrid Cooling Towers Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Hybrid Cooling Towers Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Hybrid Cooling Towers Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Hybrid Cooling Towers Sales Breakdown by Application (2018-2023)
5 North America Hybrid Cooling Towers by Country
5.1 North America Hybrid Cooling Towers Historic Market Size by Country
5.1.1 North America Hybrid Cooling Towers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Hybrid Cooling Towers Sales in Volume by Country (2018-2023)
5.1.3 North America Hybrid Cooling Towers Sales in Value by Country (2018-2023)
5.2 North America Hybrid Cooling Towers Forecasted Market Size by Country
5.2.1 North America Hybrid Cooling Towers Sales in Volume by Country (2024-2029)
5.2.2 North America Hybrid Cooling Towers Sales in Value by Country (2024-2029)
6 Europe Hybrid Cooling Towers by Country
6.1 Europe Hybrid Cooling Towers Historic Market Size by Country
6.1.1 Europe Hybrid Cooling Towers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Hybrid Cooling Towers Sales in Volume by Country (2018-2023)
6.1.3 Europe Hybrid Cooling Towers Sales in Value by Country (2018-2023)
6.2 Europe Hybrid Cooling Towers Forecasted Market Size by Country
6.2.1 Europe Hybrid Cooling Towers Sales in Volume by Country (2024-2029)
6.2.2 Europe Hybrid Cooling Towers Sales in Value by Country (2024-2029)
7 Asia-Pacific Hybrid Cooling Towers by Region
7.1 Asia-Pacific Hybrid Cooling Towers Historic Market Size by Region
7.1.1 Asia-Pacific Hybrid Cooling Towers Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Hybrid Cooling Towers Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Hybrid Cooling Towers Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Hybrid Cooling Towers Forecasted Market Size by Region
7.2.1 Asia-Pacific Hybrid Cooling Towers Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Hybrid Cooling Towers Sales in Value by Region (2024-2029)
8 Latin America Hybrid Cooling Towers by Country
8.1 Latin America Hybrid Cooling Towers Historic Market Size by Country
8.1.1 Latin America Hybrid Cooling Towers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Hybrid Cooling Towers Sales in Volume by Country (2018-2023)
8.1.3 Latin America Hybrid Cooling Towers Sales in Value by Country (2018-2023)
8.2 Latin America Hybrid Cooling Towers Forecasted Market Size by Country
8.2.1 Latin America Hybrid Cooling Towers Sales in Volume by Country (2024-2029)
8.2.2 Latin America Hybrid Cooling Towers Sales in Value by Country (2024-2029)
9 Middle East and Africa Hybrid Cooling Towers by Country
9.1 Middle East and Africa Hybrid Cooling Towers Historic Market Size by Country
9.1.1 Middle East and Africa Hybrid Cooling Towers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Hybrid Cooling Towers Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Hybrid Cooling Towers Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Hybrid Cooling Towers Forecasted Market Size by Country
9.2.1 Middle East and Africa Hybrid Cooling Towers Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Hybrid Cooling Towers Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Babcock & Wilcox Enterprises
10.1.1 Babcock & Wilcox Enterprises Company Information
10.1.2 Babcock & Wilcox Enterprises Introduction and Business Overview
10.1.3 Babcock & Wilcox Enterprises Hybrid Cooling Towers Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Babcock & Wilcox Enterprises Hybrid Cooling Towers Products Offered
10.1.5 Babcock & Wilcox Enterprises Recent Development
10.2 ENEXIO MANAGEMENT
10.2.1 ENEXIO MANAGEMENT Company Information
10.2.2 ENEXIO MANAGEMENT Introduction and Business Overview
10.2.3 ENEXIO MANAGEMENT Hybrid Cooling Towers Sales, Revenue and Gross Margin (2018-2023)
10.2.4 ENEXIO MANAGEMENT Hybrid Cooling Towers Products Offered
10.2.5 ENEXIO MANAGEMENT Recent Development
10.3 EVAPCO
10.3.1 EVAPCO Company Information
10.3.2 EVAPCO Introduction and Business Overview
10.3.3 EVAPCO Hybrid Cooling Towers Sales, Revenue and Gross Margin (2018-2023)
10.3.4 EVAPCO Hybrid Cooling Towers Products Offered
10.3.5 EVAPCO Recent Development
10.4 Johnson Controls
10.4.1 Johnson Controls Company Information
10.4.2 Johnson Controls Introduction and Business Overview
10.4.3 Johnson Controls Hybrid Cooling Towers Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Johnson Controls Hybrid Cooling Towers Products Offered
10.4.5 Johnson Controls Recent Development
10.5 SPX
10.5.1 SPX Company Information
10.5.2 SPX Introduction and Business Overview
10.5.3 SPX Hybrid Cooling Towers Sales, Revenue and Gross Margin (2018-2023)
10.5.4 SPX Hybrid Cooling Towers Products Offered
10.5.5 SPX Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Hybrid Cooling Towers Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Hybrid Cooling Towers Industrial Chain Analysis
11.4 Hybrid Cooling Towers Market Dynamics
11.4.1 Hybrid Cooling Towers Industry Trends
11.4.2 Hybrid Cooling Towers Market Drivers
11.4.3 Hybrid Cooling Towers Market Challenges
11.4.4 Hybrid Cooling Towers Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Hybrid Cooling Towers Distributors
12.3 Hybrid Cooling Towers Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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