Product Code: GVR-1-68038-562-5
Cooling Tower Market Summary
The global cooling tower market size was estimated at USD 4,272.4 million in 2024 and is projected to reach USD 7,459.1 million by 2033, growing at a CAGR of 6.6% from 2025 to 2033. The growing demand for energy-efficient HVAC systems across commercial and industrial sectors is a major factor driving the global cooling tower market.
Increasing urbanization and rapid infrastructure development in emerging economies have led to a surge in the construction of commercial buildings, data centers, and manufacturing facilities. In addition, the expansion of power generation capacity, especially thermal and nuclear power plants, is significantly driving the growth of cooling towers installations. These plants rely heavily on cooling towers for heat dissipation and maintaining optimal turbine efficiency. Government regulations promoting water conservation and energy efficiency are further propelling innovation in hybrid and dry cooling technologies. The integration of IoT and automation in cooling towers for performance optimization and maintenance prediction also enhances their demand globally.
Global Cooling Tower Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global cooling tower market report based on material,type, application and region:
- Material Outlook (Revenue, USD Million, 2021 - 2033)
- FRP
- Steel
- Concrete
- Wood
- HDPE
- Type Outlook (Revenue, USD Million, 2021 - 2033)
- Open Circuit
- Closed Circuit
- Hybrid
- Application Outlook (Revenue, USD Million, 2021 - 2033)
- HVAC
- Power Generation
- Oil & Gas
- Industrial
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Cooling Tower Market Variables, Trends & Scope
- 3.1. Market Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material/Component Outlook
- 3.2.2. Manufacturer Outlook
- 3.2.3. Distribution Outlook
- 3.2.4. Application Outlook
- 3.3. Regulatory Framework
- 3.4. Material Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Economic Mega-Trend Analysis
- 3.7. Industry Analysis Tools
- 3.7.1. Porter's Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
Chapter 4. Global Cooling Tower Market: Material Estimates & Trend Analysis
- 4.1. Material Movement Analysis & Market Share, 2024 & 2033
- 4.2. Global Cooling Tower Market Estimates & Forecast, By Material, 2021 to 2033 (USD Million)
- 4.3. FRP
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Steel
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Concrete
- 4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6. Wood
- 4.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.7. HDPE
- 4.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. Global Cooling Tower Market: Laser Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2024 & 2033
- 5.2. Global Cooling Tower Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million)
- 5.3. Open Circuit
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Closed Circuit
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. Hybrid
- 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. Global Cooling Tower Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2024 & 2033
- 6.2. Global Cooling Tower Market Estimates & Forecast, By Application, 2021 to 2033 (USD Million)
- 6.3. HVAC
- 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Power Generation
- 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5. Oil & Gas
- 6.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6. Industrial
- 6.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Global Cooling Tower Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 7.2. North America
- 7.2.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.2. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.2.3. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.2.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Key country dynamics
- 7.2.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.5.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.2.5.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.2.5.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Key country dynamics
- 7.2.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.6.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.2.6.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.2.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Key country dynamics
- 7.2.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.7.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.2.7.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.2.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.3. Europe
- 7.3.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.2. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.3.3. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.3.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.5.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.3.5.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.3.5.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.3.6. France
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.6.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.3.6.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.3.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.3.7. UK
- 7.3.7.1. Key country dynamics
- 7.3.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.7.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.3.7.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.3.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Key country dynamics
- 7.3.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.8.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.3.8.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.3.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Key country dynamics
- 7.3.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.9.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.3.9.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.3.9.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.2. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.4.3. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.4.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.4.5. China
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.5.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.4.5.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.4.5.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.4.6. India
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.6.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.4.6.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.4.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.7.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.4.7.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.4.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.4.8. Australia
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.8.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.4.8.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.4.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.4.9. South Korea
- 7.4.9.1. Key country dynamics
- 7.4.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.9.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.4.9.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.4.9.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.5. Latin America
- 7.5.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.2. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.5.3. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.5.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.5.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.5.5.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.5.5.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.6.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.5.6.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.5.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.2. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.6.3. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.6.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.5.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.6.5.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.6.5.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.6.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.6.6.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.6.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. Key country dynamics
- 7.6.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.7.3. Market estimates & forecast, by material, 2021 - 2033 (USD Million)
- 7.6.7.4. Market estimates & forecast, by type, 2021 - 2033 (USD Million)
- 7.6.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
Chapter 8. Global Cooling Tower Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Dashboard Analysis
- 8.4. Vendor Landscape
- 8.4.1. List of Key Raw Material/Component Providers
- 8.4.2. List of Key Manufacturers
- 8.4.3. List of Key Distributors
- 8.5. Company Market Share Analysis, 2024
- 8.6. Company Positioning Analysis, 2024
- 8.7. Company Heat Map Analysis, 2024
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. Babcock & Wilcox Enterprises, Inc.
- 8.9.1.1. Participant's overview
- 8.9.1.2. Financial performance
- 8.9.1.3. Product benchmarking
- 8.9.1.4. Recent developments
- 8.9.2. Baltimore Aircoil Company
- 8.9.2.1. Participant's overview
- 8.9.2.2. Financial performance
- 8.9.2.3. Product benchmarking
- 8.9.2.4. Recent developments
- 8.9.3. Cenk Endustri Tesisleri Imalat Ve Taahhut A.Az.
- 8.9.3.1. Participant's overview
- 8.9.3.2. Financial performance
- 8.9.3.3. Product benchmarking
- 8.9.3.4. Recent developments
- 8.9.4. Cooling Tower Systems, Inc.
- 8.9.4.1. Participant's overview
- 8.9.4.2. Financial performance
- 8.9.4.3. Product benchmarking
- 8.9.4.4. Recent developments
- 8.9.5. Delta Cooling Towers Inc.
- 8.9.5.1. Participant's overview
- 8.9.5.2. Financial performance
- 8.9.5.3. Product benchmarking
- 8.9.5.4. Recent developments
- 8.9.6. Engie Refrigeration GmbH
- 8.9.6.1. Participant's overview
- 8.9.6.2. Financial performance
- 8.9.6.3. Product benchmarking
- 8.9.6.4. Recent developments
- 8.9.7. EVAPCO, Inc.
- 8.9.7.1. Participant's overview
- 8.9.7.2. Financial performance
- 8.9.7.3. Product benchmarking
- 8.9.7.4. Recent developments
- 8.9.8. S.A. Hamon
- 8.9.8.1. Participant's overview
- 8.9.8.2. Financial performance
- 8.9.8.3. Product benchmarking
- 8.9.8.4. Recent developments
- 8.9.9. Johnson Controls International Plc.
- 8.9.9.1. Participant's overview
- 8.9.9.2. Financial performance
- 8.9.9.3. Product benchmarking
- 8.9.9.4. Recent developments
- 8.9.10. Kelvion Holdings GmbH
- 8.9.10.1. Participant's overview
- 8.9.10.2. Financial performance
- 8.9.10.3. Product benchmarking
- 8.9.10.4. Recent developments
- 8.9.11. Liang Chi Industry Co. Ltd.
- 8.9.11.1. Participant's overview
- 8.9.11.2. Financial performance
- 8.9.11.3. Product benchmarking
- 8.9.11.4. Recent developments
- 8.9.12. Mesan Group
- 8.9.12.1. Participant's overview
- 8.9.12.2. Financial performance
- 8.9.12.3. Product benchmarking
- 8.9.12.4. Recent developments
- 8.9.13. Paharpur Cooling Towers Ltd.
- 8.9.13.1. Participant's overview
- 8.9.13.2. Financial performance
- 8.9.13.3. Product benchmarking
- 8.9.13.4. Recent developments
- 8.9.14. SPX Corporation
- 8.9.14.1. Participant's overview
- 8.9.14.2. Financial performance
- 8.9.14.3. Product benchmarking
- 8.9.14.4. Recent developments
- 8.9.15. Torraval Cooling S.L.
- 8.9.15.1. Participant's overview
- 8.9.15.2. Financial performance
- 8.9.15.3. Product benchmarking
- 8.9.15.4. Recent developments