September 25, 2023

Global Cooling Tower Market Projected to Grow at a CAGR of 4.3% during the Forecast Period

The Global Cooling Tower Market Research Report (2023-2029) presents an in-depth analysis of the current market status, future forecasts, growth opportunities, key markets, and leading players. This report provides detailed data on factors influencing the growth of the Cooling Tower Industry at both national and local levels. Readers will gain insights into market size forecasts, regional market share, segment and country growth opportunities, key company profiles, product portfolios, growth strategies, and more.

Direct link to request a sample report:

Cooling Towers Market size was valued at USD 3.82 billion in 2021 and is projected to grow from USD 3.94 billion in 2022 to USD 5.29 billion by 2029, exhibiting a CAGR of 4.3% during the forecast period.

Highlights of the Cooling Tower Market Report:

  • Comprehensive scope analysis of the Cooling Tower Industry,
  • Top Key Players in the Cooling Tower Market,
  • Detailed segmentations and market analyses,
  • Insights on major industry players, competitive landscapes, emerging market trends, regional impacts, and more.

A few top players in the industry are–

  • Krones AG (Germany)
  • Babcock & Wilcox Enterprises, Inc. (U.S.)
  • EWK(Spain)
  • Kelvion Holding GmbH (Germany)
  • MITA Cooling Technologies Srl(Italy)
  • JACIR – GOHL (Romania)
  • JAEGGI Hybridtechnologie AG (U.S.)
  • EVAPCO, Inc. (U.S.)

Market Analysis and Insights:

The report combines quantitative and qualitative analysis, offering a macro overview of the overall market size, industry chain, and market dynamics. It delves deep into segment markets by type, application, and region, providing a holistic and insightful view of the Cooling Tower Market.

Key Industry Development:

Linde GmbH picked HAMON & CIE (INTERNATIONAL) S.A. to install & design an 18-cell cooling tower for Amur CGG i.e., Amur Gas Chemical Complex located in Russia. The crucial tower is made of Fiberglass Reinforced Plastic (GRP) and has an automatic louver system for the nonstop process at very low temperatures.

SPX Cooling Technologies announced the accessibility of several monitoring equipment and control panels, which streamlines cooling tower operation, data collection & installation. Control panels of Marley allow building management systems to appropriately connect cooling tower conditions over visual displays, network communications, and relay status outputs.

EWK mounted 8 towers in Spain at Alicante Airport. These towers are fortified with “smart cooling tower” technology that provides automatic detection and information about tower operation.

Baltimore Aircoil Company purchased Eurocoil Spa in Italy, a European refrigeration and commercial manufacturer. This acquisition has boosted the company’s position in the global market.

ESINDUS, a Spanish company engaged in the cooling business in Mexico, South America, and Iberian Peninsula, was acquired by Hamon. Hamon & CIE focuses on strengthening its regional presence in EMEA, North America, and Asia Pacific.

Geographical Analysis:

The report examines the production, consumption, revenue, market share, and growth rate in the following regions:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle East and Africa

Segments Covered in the Report

By Type Analysis

  • the market is bifurcated into wet, dry, and hybrid.

By Application Analysis

  • the market is further divided into chemicals & petrochemicals, pharmaceuticals, power generation, HVAC, food & beverage, and others (pulp & paper, plastic).

Table of Contents:


  • Definition, by Segment
  • Research Methodology/approach
  • Data Sources
  • Key Takeaways
  • Market Share Dynamics
  • Macro and Micro Economic Indicators
  • Drivers, Restraints, Opportunities, and Trends
  • Impact of Covid-19
    • Short-Term Impact
    • Long-Term Impact
  • Competition Landscape 2029
  • Business Strategies Adopted by Key Players
  • Consolidated Swot Analysis of Key Players
  • Global Cooling Tower Key Players Market Share Insights and Analysis, 2029
  • Key Market Share Insights and Strategic Recommendations
  • Companies Profiled (covered for Key 10 Players Only)
  • Overview
    • Key Management
    • Headquarters Etc.
  • Offerings/Business Segments
  • Key Details (subjected to Data Availability in The Public Domain And/or on Paid Databases)
    • Employee Size
    • Key Financials
      • Past and Current Revenue
      • Geographical Share
      • Business Segment Share
  • Recent Developments
  • Annexure / Appendix

Key Benefits of the Report:

  • Comprehensive market analysis, including industry drivers, restraints, opportunities, and recent trends.
  • Neutral perspective on market performance.
  • Detailed insights on key players, competitive landscapes, and growth strategies.
  • Potential and niche segments exhibiting promising growth.
  • Historical, current, and projected market sizes in terms of value.

For further information, visit MORE INFO:

About Fortune Business Insights:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic Market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner – Mahalunge Road,

Baner, Pune-411045,

Maharashtra, India.


US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

You can also contact us/follow us on: