The Cooling Tower Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Cooling Tower Market?
The size of the cooling tower market has been steadily increasing over the past few years. The market size is projected to rise from $3.46 billion in 2024 to $3.59 billion in 2025. This represents a compound annual growth rate (CAGR) of 3.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Cooling Tower Industry?
The Cooling Tower Global Market Report projects that by 2029, the market size will be valued at $4.54 billion, with a compound annual growth rate (CAGR) of 6.0%.
Download Your Free Sample of the 2025 Cooling Tower Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Cooling Tower Market?
The key drivers in the cooling tower market are:
• Upgradation of aging infrastructure
• Strict energy efficiency standards
• Expansion of data centers
• Economic development and evolution of the chemical industry
• Emphasis on water treatment solutions
• Implementation of hybrid cooling systems
• Incorporation of smart controls and automation
• Adoption of fiberglass reinforced plastic (FRP) towers
• Customization of cooling towers for specific industries
• Introduction of dry cooling systems for water-scarce regions
• Development of low-noise cooling tower designs.
Global Market Segmentation: Identifying Major Cooling Tower Industry Segments
The cooling tower market covered in this report is segmented –
1) By Type: Evaporative Cooling Tower, Dry Cooling Tower, Hybrid Cooling Tower
2) By Flow: Cross Flow, Counter Flow
3) By Application: Chemicals, Petrochemicals, Power Generation, HVACR, Food And Beverages, Other Applications
Pre-order the 2025 Cooling Tower Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Cooling Tower Market?
The key trends in the cooling tower market are:
• Hybrid cooling systems are becoming a key trend in the market.
• The adoption of smart controls and automation is shaping the future of the industry.
• There is an emerging trend of using fiberglass reinforced plastic (FRP) towers in this market.
• low-noise cooling tower designs are increasingly being adopted in the industry.
Who Are the Top Competitors & Leading Players in the Cooling Tower Market?
Major companies in the cooling tower market are:
• Johnson Controls
• SPX Corporation
• THERMAX LIMITED
• Babcock & Wilcox Enterprises
• Hamon & Cie International SA
• Evapco Inc
• Bell Cooling Tower
• Baltimore Aircoil Company
• Brentwood Industries Inc.
• Paharpur Cooling Towers
• ENEXIO MANAGEMENT GMBH
• Delta Cooling Towers Inc.
• UNITED METAL PRODUCTS
• Cooling Tower Systems Inc.
• TOWER THERMAL PTY. LTD.
• Perfect Cooling Towers
• Artech Cooling Towers Pvt. Ltd.
• STAR COOLING TOWERS PVT. LTD.
• ZHEJIANG AOSHUAI REFRIGERATION CO. LTD
• Cenk Endüstri Tesisleri Imalat Ve Taahhüt A.Åž.
• Delta Marley Cooling Tower Services
• Mesan Cooling Towers Manufacturing and Trade Inc.
• Liang Chi Industry Co. Ltd.
• King Sun Industry Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the cooling tower market in 2024
