The global cooling tower market is anticipated to grow at a significant CAGR of 3.2% during the forecast period (2021-2027). One of the major drivers of the cooling tower market is the surge in the application of cooling towers. Many industries have started to introduce cooling towers in their infrastructure which has supplemented the growth of the market. Water cooling towers have started to become a more energy efficient substitute for other air-cooling methods such as air-conditioning, as they require low energy consumption and companies are continuing to use cooling towers because they oppose the heat transfer in the air.
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The design of the cooling tower is built for cooling the circulation water during the manufacturing process, which is why the demand for cooling towers is growing in industries such as food processing plants, petroleum refiners, and natural gas plants. Cooling towers have tremendously benefited the industries with heavy machinery by minimizing the over-heating of their heavy equipment and manufacturing machinery. This also reduces the servicing and the breaks that must be taken due to over-heating to provide break-free output.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Cooling Tower Market by Type
- Wet
- Dry
- Hybrid
Global Cooling Tower Market by Systems
- Open Cooling System
- Closed Cooling System
Global Cooling Tower Market by Flow
- Cross Flow
- Counter Flow
Global Cooling Tower Market by Application
- Power generation
- HAVC
- Oil & Gas
- Others (Die Casting and Anodizing)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Delta Cooling Tower Ltd.
- Babcock & Wilcox Enterprises, Inc.
- BELL COOLING TOWERS
- Berg Chilling Systems Inc.
- Brentwood Industries
- CCS
- Cooling Tower Depot, Inc.
- Cooling Tower Systems, Inc.
- Enexio
- IlmedImpiantiSrl
- Kelvion Holding GmbH
- International Cooling Tower Inc.
- MESAN Group
- REYMSA COOLING TOWERS, INC.
- WTWH Media, LLC
- STAR Cooling Towers
- Superchill Australia Ptv. Ltd.
- Thermal Care, Inc.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cooling tower market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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