May. 20, 2024
Agriculture
Energy demand for space cooling in buildings in the People’s Republic of China (“China”) is rising rapidly, placing strains on the electricity system and contributing to local air pollution and carbon dioxide (CO2) emissions. China saw the fastest growth worldwide in energy demand for space cooling in buildings over the last two decades, increasing at 13% per year since 2000 and reaching nearly 400 terawatt-hours (TWh) of electricity consumption in 2017. As a result, space cooling accounted for more than 10% of total electricity growth in China since 2010 and around 16% of peak electricity load in 2017. That share can reach as much as 50% of peak electricity demand on extremely hot days, as seen in recent summers. Cooling-related CO2 emissions from electricity consumption consequently increased fivefold between 2000 and 2017, given the strong reliance on coal-fired power generation in China.
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China leads the global market for air conditioners (ACs), and bigger units are increasingly popular. China presently produces around 70% of the world’s room air conditioners and covers about 22% of installed cooling capacity worldwide. AC sales grew fivefold since 2000, representing nearly 40% of global sales in 2017. Mini-split ACs are still common, as is “part time” and “part space” cooling behaviour in which households cool rooms only when they are occupied and for a few hours. Yet larger multi-split and central cooling systems are growing in numbers, due to architectural choices and changing consumer preferences. As a result, the average size of new units sold in 2017 was around 7 kilowatts of cooling capacity (kWc), compared with previous models that were between 3 kWc and 5 kWc. Those larger and centralised cooling systems can be significantly more energy intensive.
Rated performance often does not reflect operational energy consumption. Two principal factors affect the energy efficiency ratio (EER) of cooling equipment: operation at low partial loads and the efficiency of the distribution system. Real-time data show that the operational EER can be 13-19% lower than the rated energy performance, mostly due to units operating at low partial loads. For larger centralised systems, there is typically a big gap between equipment and cooling system energy use (e.g. when energy for pumps is included), leading to overall system efficiencies that can be as much as half the rated cooling equipment performance.
The AC market is changing and is not keeping up with its energy efficiency potential. Among the preferred mini-split ACs, higher-efficiency variable-speed inverter technologies have been increasingly popular since the late 2000s. Yet the average performance of those units in new sales is still as much as 60% less than best available products and more than 20% lower than typically available options. This gap is similar for other equipment types such as multi-split ACs and reflects a widening spread between minimum energy performance standards (MEPS) and available efficiency in the market.
Greater affordability, climate and changing occupant behaviour will increase cooling energy use. China experienced exceptionally fast growth in cooling demand since 2000, but around 40% of households still do not own an AC. As income levels continue to grow, AC ownership could reach as much as 85% by 2030. Growing expectations for thermal comfort and an increasing number of hot days equally will increase how often those ACs are used. The areas with the largest increase in cooling degree days by 2030 are also typically those with higher population densities, meaning the felt temperature and consequent cooling demand during summer months and extreme heat events could be even higher. This will undoubtedly lead to increased energy use for space cooling, both in terms of AC ownership and operational hours.
Without strong policies, space cooling electricity use could swell to 750 TWh or more by 2030. This is due to both growing cooling demand and expected weak improvement in the energy efficiency of ACs sold, which are only 10-20% more efficient by 2030 in the Baseline Scenario than units sold in 2017. Greater shifts toward “full time” and “full space” cooling behaviour in buildings would increase electricity demand by 2030 even further, to as much as 900 TWh or more.
Energy-efficient air conditioning with improved building design and system management can keep cooling electricity use stable, while also providing economic, health and environmental benefits. Improved MEPS in the Efficient Cooling Scenario lead to an average efficiency of ACs in 2030 that is 50% higher than in 2017. This cuts cooling energy demand by more than 200 TWh in 2030 compared with the Baseline Scenario. An additional 100 TWh can be saved using improved building envelope measures such as low-emissivity windows and cool roofs and through smart cooling devices that ensure energy is used when and where cooling services are needed. Electricity capacity needs in the Efficient Cooling Scenario are consequently more than 50 gigawatts lower than in the Baseline Scenario. This translates to more than 10% reduction in costs to meet space cooling demand, 1 260 megatonnes in cumulative CO2 emissions savings and 30% reduction in major local air pollutant emissions.
Effective policy intervention is necessary to drive energy-efficient cooling in buildings. China can deliver significant energy and cost savings through implementation of a comprehensive national policy framework including regulation, information programmes and industry incentives. Improving the stringency of current MEPS across all product types is key to drive the penetration of high-performance cooling devices. Standards can also introduce testing conditions that reflect actual operating conditions, particularly at low partial loads, while the government can support industry to identify innovative solutions that deliver even higher AC performance in the future. Training and awareness raising can also ensure proper installation, operation and maintenance of cooling equipment and systems, avoiding unnecessary energy consumption. Improved data collection, research and co‑operation with manufacturers can equally help to identify emerging trends, technology needs and energy efficiency opportunities that enable sustainable cooling.
Counterflow Cooling Tower Market Trends, Growth Opportunities, and Forecast Scenarios
The Counterflow Cooling Tower market research report provides a detailed analysis of the current market conditions, trends, challenges, and regulatory factors affecting the industry. The report highlights the growing demand for energy-efficient cooling solutions, leading to the adoption of counterflow cooling towers in various industries.
Key findings from the report include the increasing focus on sustainable cooling technologies, the rise in demand for HVAC systems, and the growing industrial sector driving the market. Recommendations include investing in R&D for improved efficiency and performance, expanding product offerings to meet diverse customer needs, and strategic partnerships to enhance market presence.
The latest trends in the Counterflow Cooling Tower market include advancements in cooling tower design, automation in cooling tower systems, and the integration of smart technologies for remote monitoring and control. Major challenges faced by the industry include increasing competition, fluctuating raw material prices, and stringent environmental regulations driving the demand for eco-friendly cooling solutions.
Regulatory and legal factors specific to market conditions include stringent environmental regulations related to water conservation, air pollution control, and energy efficiency standards influencing product development and market dynamics. Compliance with industry regulations is crucial for manufacturers to maintain market competitiveness and meet customer demands.
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What is Counterflow Cooling Tower?
Counterflow cooling towers are a crucial component in the industrial cooling process, offering superior efficiency and performance compared to traditional cooling tower designs. The counterflow configuration allows for optimal heat transfer, resulting in reduced energy consumption and operational costs for industrial facilities.
The market for counterflow cooling towers has witnessed significant growth in recent years, driven by the increasing demand for energy-efficient cooling solutions across various industries. As companies strive to enhance their sustainability initiatives and comply with regulations, the adoption of counterflow cooling towers is expected to continue rising. Industry experts predict that this market will experience sustained growth in the coming years, as more businesses recognize the benefits of this advanced cooling technology.
Market Segmentation Analysis
Counterflow cooling towers are classified into three main types - open type, closed type, and others. The open type cooling towers allow direct contact between the air and the water being cooled, while the closed type cooling towers separate the air and water streams. Other types may include hybrid or special design cooling towers.
In terms of applications, counterflow cooling towers are widely used in the heating ventilation, air conditioning (HVAC) market. They play a crucial role in maintaining the desired temperature of air conditioning systems and providing efficient cooling for various HVAC processes.
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Country-level Intelligence Analysis
The counterflow cooling tower market is expected to witness significant growth in regions such as North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China. Among these regions, China is expected to dominate the market due to rapid industrialization and infrastructure development. It is projected to hold the largest market share percent valuation. Additionally, North America and Europe are also expected to show substantial growth in the counterflow cooling tower market, driven by increasing demand for energy-efficient cooling solutions and stringent environmental regulations. Overall, the market is anticipated to expand steadily across these regions in the coming years.
Companies Covered: Counterflow Cooling Tower Market
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Related links:Counterflow cooling towers are designed to maximize cooling efficiency by allowing water to flow in the opposite direction of the air flow, which enhances heat transfer. Market leaders in this industry include companies such as SPX Cooling Technologies, Baltimore Aircoil, and Liangchi Group. New entrants like Almeco and MESAN are also making strides in the market.
These companies can help grow the counterflow cooling tower market by innovating new technologies, promoting energy-efficient solutions, and expanding their global reach. By offering reliable products and excellent customer service, these companies can attract new customers and drive sales in the industry.
- SPX Cooling Technologies: $ billion
- Baltimore Aircoil: $700 million
- Liangchi Group: $400 million
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The Impact of Covid-19 and Russia-Ukraine War on Counterflow Cooling Tower Market
The Russia-Ukraine War and Post Covid-19 Pandemic have had significant impacts on the Counterflow Cooling Tower market. The conflict has disrupted supply chains and increased geopolitical tensions, leading to uncertainties in the market. On the other hand, the pandemic has caused delays in project timelines and reduced demand for cooling towers as industries scaled back operations.
Despite these challenges, the Counterflow Cooling Tower market is expected to experience moderate growth in the coming years as industries resume operations and focus on enhancing energy efficiency. The demand for cooling towers is likely to increase as businesses prioritize sustainability and regulatory requirements.
The major benefactors of this growth are expected to be manufacturers and suppliers of Counterflow Cooling Towers who can adapt to the changing market dynamics and offer innovative solutions to meet the evolving needs of industries. Companies that invest in research and development to improve the efficiency and performance of their products are likely to gain a competitive advantage in the market.
What is the Future Outlook of Counterflow Cooling Tower Market?
The present outlook for the Counterflow Cooling Tower market is positive, with an increasing demand for these towers in industries such as power generation, HVAC, and chemical processing. Factors driving growth include the need for efficient cooling solutions, environmental regulations promoting sustainable practices, and advancements in technology improving tower performance. In the future, the market is expected to continue expanding as industries prioritize energy efficiency and reducing water consumption. Additionally, the development of smart and hybrid cooling towers is projected to further drive market growth, offering more advanced and integrated solutions for cooling systems.
Market Segmentation 2024 - 2031
The worldwide Counterflow Cooling Tower market is categorized by Product Type: Open Type,Closed Type,Others and Product Application: Heating Ventilation,Air-Conditioning.
In terms of Product Type, the Counterflow Cooling Tower market is segmented into:
In terms of Product Application, the Counterflow Cooling Tower market is segmented into:
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What is the scope of the Counterflow Cooling Tower Market report?
Frequently Asked Questions
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