South America Water Cooling Tower Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Crossflow, Counterflow, Forced Draft, Induced Draft, and Others) and Application (Industrial, Power Plant, and HVAC)
Market Introduction
The SAM region includes Brazil, Argentina, and the Rest of SAM. The industrial sector contributes significantly to the region's growth. The region's manufacturing industry includes the contribution of different manufacturing industries such as food processing, industrial, aerospace, and metal fabrication. Brazil has a core manufacturing center established in São Paulo, which is expanding into a huge industrial sector. Other countries such as Argentina, Chile, and Venezuela are following the trend. Also, the construction industry has played a substantial role in boosting the demand for water cooling towers in South American countries. Further, Brazil hosts a huge food & beverages industry, which provides considerable growth potential for the water cooling tower market. The food & beverages industry is capitalizing on the upgrading of facilities to enhance their production scale and quality. Also, pharmaceutical and chemicals are prominent industries, which are witnessing constant growth for years. Some of the manufacturers which are present in SAM are Babcock & Wilcox Enterprises, Inc.; EVAPCO, Inc.; and Alpina Equipamentos. Similarly, the government is making substantial progress in boosting water cooling tower usage across different manufacturing industries. Rising adoption of advanced technologies and increasing public and private cooperation have encouraged the water cooling tower manufacturers in this region to efficiently carry out the cooling process in the oil, gas, construction, and manufacturing industries, thereby generating massive demand for water cooling towers in the region.
In case of COVID-19, SAM is highly affected specially Brazil, followed by Ecuador, Peru, Chile, and Argentina. Governments have been imposing travel restrictions, lockdowns, and trade bans to contain the spread of novel coronavirus. The region is witnessing operational halt in various sectors including manufacturing, energy & power, and industrial based companies and these sectors are one of the major end users of the water cooling towers. Thus, the COVID-19 pandemic is severely affecting the water cooling tower market growth in the region. However, recent relaxations in lockdown and the arrangement of large-scale vaccination drives would help the economies to bounce back, which would allow industries to regain their operations in the next few quarters in upcoming years. Amid the COVID-19 pandemic, the demand for the power from commercial and residential sector has increased significantly, owing to the rising trend of work from home culture among corporates across the region. This development has stabilized the demand for water cooling towers to some extent. However, the limited production activities and disrupted supply chain has hampered the market growth. Lowered production ration and declined sale of industrial products in first half of 2020 has negatively impacted the market growth. However, the demand for water cooling towers is expected to increase at considerable rate with the resumption of economic activities in many countries. Thus, the SAM water cooling tower market is projected to recover in upcoming years as many industries are dependent on it.
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Market Overview and Dynamics
The SAM water cooling tower market is expected to grow from US$ 86.91 million in 2021 to US$ 99.22 million by 2028; it is estimated to grow at a CAGR of 1.9% from 2021 to 2028. With the rising regional demand for power consumption, the number of nuclear and geothermal power plants is rapidly increasing. Developing countries such as Chile have shown a significant demand for power generation. To fulfill this power requirement, many nuclear power plants are under construction. Furthermore, several countries with existing nuclear power plants are planning for additional nuclear power plants to meet their power requirement and some of those SAM countries are Brazil and Argentina. In addition to this, as per the International Energy Agency (IEA), nuclear plants’ contribution to power generation is expected to be about 8.5% by 2040. Hence, with the growing trend of rapid urbanization and industrialization across the region, the power consumption rates are expected to surge significantly in the coming years, and to fulfill this demand, the number of power plants will be increased. Thus, the growing power consumption is expected to create a lucrative opportunity for the SAM water cooling tower market as the power plants are the major end users of the water cooling towers in SAM region.
Key Market Segments
In terms of type, the crossflow segment accounted for the largest share of the SAM water cooling tower market in 2020. In terms of application, the industrial segment held a larger market share of the SAM water cooling tower market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the SAM water cooling tower market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Babcock & Wilcox Enterprises, Inc.; Baltimore Aircoil Company; EVAPCO, Inc.; Hamon; MESAN Group; and SPX Cooling Technologies, Inc.
Reasons to buy report
- To understand the SAM water cooling tower market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM water cooling tower market
- Efficiently plan M&A and partnership deals in SAM water cooling tower market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM water cooling tower market
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
SAM Water Cooling Tower Market Segmentation
SAM Water Cooling Tower Market - By Type
- Crossflow
- Counterflow
- Forced Draft
- Induced Draft
- Others
SAM Water Cooling Tower Market - By Application
- Industrial
- Power Plant
- HVAC
SAM Water Cooling Tower Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Water Cooling Tower Market - Company Profiles
- Babcock & Wilcox Enterprises, Inc.
- Baltimore Aircoil Company
- EVAPCO, Inc.
- Hamon
- MESAN Group
- SPX Cooling Technologies, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Water Cooling Tower Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Water Cooling Tower Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rise in Construction Activities
5.1.2 Stringent Government Policies
5.2 Market Restraints
5.2.1 High Maintenance Cost
5.3 Market Opportunities
5.3.1 Rising Number of Power Plants
5.4 Future Trends
5.4.1 Increasing Popularity of Hybrid Cooling Towers
5.5 Impact Analysis of Drivers and Restraints
6. Water Cooling Tower Market – SAM Analysis
6.1 SAM Water Cooling Tower Market Overview
6.2 SAM Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)
7. SAM Water Cooling Tower Market Analysis – By Type
7.1 Overview
7.2 SAM Water Cooling Tower Market Breakdown, By Type, 2020 and 2028
7.3 Crossflow
7.3.1 Overview
7.3.2 Crossflow: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)
7.4 Counterflow
7.4.1 Overview
7.4.2 Counterflow: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)
7.5 Forced Draft
7.5.1 Overview
7.5.2 Forced Draft: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)
7.6 Induced Draft
7.6.1 Overview
7.6.2 Induced Draft: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)
8. SAM Water Cooling Tower Market Analysis – By Application
8.1 Overview
8.2 SAM Water Cooling Tower Market, by Application (2020 and 2028)
8.3 Industrial
8.3.1 Overview
8.3.2 Industrial: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)
8.4 Power Plant
8.4.1 Overview
8.4.2 Power Plant: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)
8.5 HVAC
8.5.1 Overview
8.5.2 HVAC: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)
9. SAM Water Cooling Tower Market – Country Analysis
9.1 Overview
9.1.1 SAM Water Cooling Tower Market Breakdown, by Country
9.1.1.1 Brazil Water Cooling Tower Market, Revenue and Forecast to 2028
9.1.1.1.1 Brazil Water Cooling Tower Market Breakdown, By Type
9.1.1.1.2 Brazil Water Cooling Tower Market Breakdown, By Application
9.1.1.2 Argentina Water Cooling Tower Market, Revenue and Forecast to 2028
9.1.1.2.1 Argentina Water Cooling Tower Market Breakdown, By Type
9.1.1.2.2 Argentina Water Cooling Tower Market Breakdown, By Application
9.1.1.3 Rest of SAM Water Cooling Tower Market, Revenue and Forecast to 2028
9.1.1.3.1 Rest of SAM Water Cooling Tower Market Breakdown, By Type
9.1.1.3.2 Rest of SAM Water Cooling Tower Market Breakdown, By Application
10. Impact of COVID-19 Pandemic on SAM Water Cooling Tower Market
10.1 SAM Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Babcock & Wilcox Enterprises, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Baltimore Aircoil Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 EVAPCO, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Hamon
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 MESAN Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SPX Cooling Technologies, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. SAM Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM Water Cooling Tower Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. Brazil Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 4. Brazil Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)
Table 5. Argentina Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 6. Argentina Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)
Table 7. Rest of SAM Water Cooling Tower Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 8. Rest of SAM Water Cooling Tower Market, Revenue and Forecast to 2028 – by Application (US$ million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Water Cooling Tower Market Segmentation
Figure 2. SAM Water Cooling Tower Market Segmentation – By Country
Figure 3. SAM Water Cooling Tower Market Overview
Figure 4. Crossflow Segment Held Largest Market Share in 2020
Figure 5. Industrial Segment held Largest Market Share in 2020
Figure 6. Brazil held Largest Market Share in 2020
Figure 7. SAM – PEST Analysis
Figure 8. SAM Water Cooling Tower Market: Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. SAM Water Cooling Tower Market: Impact Analysis of Drivers and Restraints
Figure 11. SAM Water Cooling Tower Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Water Cooling Tower Market Revenue Share, by Type (2020 and 2028)
Figure 13. SAM Crossflow: Water Cooling Tower Market Revenue and Forecast to 2028 (US$ million)
Figure 14. SAM Counterflow: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)
Figure 15. SAM Forced Draft: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)
Figure 16. SAM Induced Draft: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)
Figure 17. SAM Others: Water Cooling Tower Market Revenue and Forecast to 2028(US$ million)
Figure 18. SAM Water Cooling Tower Market Revenue Share, by Application (2020 and 2028)
Figure 19. SAM Industrial: Water Cooling Tower – Revenue and Forecast to 2028 (US$ million)
Figure 20. SAM Power Plant: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)
Figure 21. SAM HVAC: Water Cooling Tower Market– Revenue and Forecast to 2028 (US$ million)
Figure 22. SAM: Water Cooling Tower Market, by Key Country – Revenue (2020) (USD Million)
Figure 23. SAM Water Cooling Tower Market Breakdown, by Country, 2020 & 2028 (%)
Figure 24. Brazil Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)
Figure 25. Argentina Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)
Figure 26. Rest of SAM Water Cooling Tower Market, Revenue and Forecast to 2028 (US$ million)
Figure 27. Impact of COVID-19 Pandemic in SAM Country Markets
- Babcock & Wilcox Enterprises, Inc.
- Baltimore Aircoil Company
- EVAPCO, Inc.
- Hamon
- MESAN Group
- SPX Cooling Technologies, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM water cooling tower market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the water cooling tower market, as well as those hindering it
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