Product Code: 29069
The Global Cooling Tower Rental Market was valued at USD 1.17 billion in 2024 and is expected to reach USD 1.61 billion by 2030, growing at a CAGR of 5.31%. This market encompasses the provision of temporary cooling tower solutions across a wide array of applications, including industrial, commercial, and residential sectors. Cooling towers are essential for heat dissipation in processes involving power generation, chemical manufacturing, HVAC systems, and various industrial operations. Rental solutions are employed to address short-term or urgent cooling needs, particularly during maintenance periods, seasonal demand spikes, or infrastructure development phases. The market offers both short-term and long-term rental options, enabling users to manage operational needs without committing to permanent capital investment, while also ensuring performance continuity in dynamic project environments.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 1.17 Billion |
Market Size 2030 | USD 1.61 Billion |
CAGR 2025-2030 | 5.31% |
Fastest Growing Segment | Wet |
Largest Market | North America |
Key Market Drivers
Increased Demand for Temporary Cooling Solutions in Industrial Projects
The market is being propelled by the rising demand for adaptable cooling systems across industrial sectors such as construction, power generation, manufacturing, and chemicals. These industries frequently require temporary cooling setups to address seasonal fluctuations, emergency breakdowns, or interim needs during facility upgrades. Rental cooling towers present a cost-effective and scalable option, eliminating the need for significant upfront investments and long-term maintenance responsibilities. The ability to quickly deploy modular cooling solutions tailored to specific operational requirements makes rentals an appealing choice. Additionally, industries located in areas with extreme climate conditions or insufficient cooling infrastructure rely heavily on rentals to maintain productivity. Temporary cooling systems are now commonly used in large-scale events and disaster relief efforts, with a major share of demand emerging from data centers, manufacturing plants, and healthcare facilities.
Key Market Challenges
Limited Awareness and Acceptance of Cooling Tower Rentals
Despite the benefits associated with renting cooling towers, the market faces a significant challenge due to limited awareness and slow acceptance, particularly among businesses accustomed to owning equipment. Concerns about long-term costs, reliability, and operational complexities often deter potential clients from considering rental options. Many industries with critical cooling needs remain skeptical of the rental model, perceiving it as less dependable or potentially more expensive due to unforeseen service charges or operational limitations. This hesitance is further intensified by a lack of educational outreach and promotional efforts from rental providers. Moreover, logistical constraints in some regions may affect the timely delivery and servicing of rented equipment, creating additional resistance among users unfamiliar with the flexibility and economic advantages of rental cooling solutions.
Key Market Trends
Increasing Demand for Temporary Cooling Solutions Across Industries
Temporary cooling systems are gaining traction across multiple industries as businesses seek flexible and cost-efficient alternatives to permanent cooling infrastructure. Sectors such as oil & gas, construction, and power generation often experience fluctuating cooling requirements tied to seasonal workloads, project timelines, or emergency breakdowns. The rental model offers a viable solution that eliminates capital investment while ensuring operational continuity. Companies can swiftly scale their cooling capabilities based on specific project requirements without being tied to long-term ownership. With the growing prevalence of short-duration industrial and construction projects, the demand for cooling tower rentals continues to rise. Additionally, by outsourcing maintenance and equipment management, organizations can reduce operational burdens and focus on core activities, making rentals an attractive option for dynamic, cost-sensitive environments.
Key Market Players
- Aggreko plc
- Caterpillar Inc.
- United Rentals, Inc.
- SPX Cooling Technologies, Inc.
- Johnson Controls International plc
- GOHL-KTK GmbH
- Carrier Rental Systems
- Finning International Inc
Report Scope:
In this report, the Global Cooling Tower Rental Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Cooling Tower Rental Market, By Type:
Cooling Tower Rental Market, By Design:
- Natural Draft
- Induced Draft
- Forced Draft
Cooling Tower Rental Market, By End-User:
- Institutions
- Commercial
- Industrial
Cooling Tower Rental Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Cooling Tower Rental Market.
Available Customizations:
Global Cooling Tower Rental Market report with the given Market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional Market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Formulation of the Scope
- 2.4. Assumptions and Limitations
- 2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
- 2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
- 2.7. Methodology Followed for Calculation of Market Size & Market Shares
- 2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Cooling Tower Rental Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Dry, Wet)
- 5.2.2. By Design (Natural Draft, Induced Draft, Forced Draft)
- 5.2.3. By End-User (Institutions, Commercial, Industrial)
- 5.2.4. By Region
- 5.3. By Company (2024)
- 5.4. Market Map
6. North America Cooling Tower Rental Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Design
- 6.2.3. By End-User
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Cooling Tower Rental Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Design
- 6.3.1.2.3. By End-User
- 6.3.2. Canada Cooling Tower Rental Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Design
- 6.3.2.2.3. By End-User
- 6.3.3. Mexico Cooling Tower Rental Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Design
- 6.3.3.2.3. By End-User
7. Europe Cooling Tower Rental Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Design
- 7.2.3. By End-User
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Cooling Tower Rental Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Design
- 7.3.1.2.3. By End-User
- 7.3.2. United Kingdom Cooling Tower Rental Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Design
- 7.3.2.2.3. By End-User
- 7.3.3. Italy Cooling Tower Rental Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Design
- 7.3.3.2.3. By End-User
- 7.3.4. France Cooling Tower Rental Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Design
- 7.3.4.2.3. By End-User
- 7.3.5. Spain Cooling Tower Rental Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Design
- 7.3.5.2.3. By End-User
8. Asia-Pacific Cooling Tower Rental Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Design
- 8.2.3. By End-User
- 8.2.4. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Cooling Tower Rental Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Design
- 8.3.1.2.3. By End-User
- 8.3.2. India Cooling Tower Rental Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Design
- 8.3.2.2.3. By End-User
- 8.3.3. Japan Cooling Tower Rental Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Design
- 8.3.3.2.3. By End-User
- 8.3.4. South Korea Cooling Tower Rental Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Design
- 8.3.4.2.3. By End-User
- 8.3.5. Australia Cooling Tower Rental Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Design
- 8.3.5.2.3. By End-User
9. South America Cooling Tower Rental Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Design
- 9.2.3. By End-User
- 9.2.4. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Cooling Tower Rental Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Design
- 9.3.1.2.3. By End-User
- 9.3.2. Argentina Cooling Tower Rental Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Design
- 9.3.2.2.3. By End-User
- 9.3.3. Colombia Cooling Tower Rental Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Design
- 9.3.3.2.3. By End-User
10. Middle East and Africa Cooling Tower Rental Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Design
- 10.2.3. By End-User
- 10.2.4. By Country
- 10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa Cooling Tower Rental Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Design
- 10.3.1.2.3. By End-User
- 10.3.2. Saudi Arabia Cooling Tower Rental Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Design
- 10.3.2.2.3. By End-User
- 10.3.3. UAE Cooling Tower Rental Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Design
- 10.3.3.2.3. By End-User
- 10.3.4. Kuwait Cooling Tower Rental Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Type
- 10.3.4.2.2. By Design
- 10.3.4.2.3. By End-User
- 10.3.5. Turkey Cooling Tower Rental Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Type
- 10.3.5.2.2. By Design
- 10.3.5.2.3. By End-User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Company Profiles
- 13.1. Aggreko plc
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
- 13.2. Caterpillar Inc.
- 13.3. United Rentals, Inc.
- 13.4. SPX Cooling Technologies, Inc.
- 13.5. Johnson Controls International plc
- 13.6. GOHL-KTK GmbH
- 13.7. Carrier Rental Systems
- 13.8. Finning International Inc
14. Strategic Recommendations
15. About Us & Disclaimer