Global Cooling Tower Market Size & Outlook, 2023-2030
Global cooling tower market, 2018-2030 (US$M)
Related Markets
Global cooling tower market highlights
- The global cooling tower market generated a revenue of USD 3,852.7 million in 2023 and is expected to reach USD 5,237.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.5% by 2030.
- In terms of segment, open circuit accounted for a revenue of USD 1,630.2 million in 2023.
- Hybrid is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,852.7 million |
| Market revenue in 2030 | USD 5,237.0 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Open circuit |
| Fastest growing segment | Hybrid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open circuit, Closed circuit, Hybrid |
Other key industry trends
- In terms of revenue, the North America accounted for 22.6% of the global cooling tower market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 95.5 million by 2030.
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Cooling Tower Market Scope
Cooling Tower Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cooling tower market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cooling tower market will help companies and investors design strategic landscapes.
Open circuit was the largest segment with a revenue share of 42.31% in 2023. Horizon Databook has segmented the Global cooling tower market based on open circuit, closed circuit, hybrid covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cooling Tower Type Outlook (Revenue, USD MIllion, 2018-2030)
- Open circuit
- Closed circuit
- Hybrid
- Global Cooling Tower Material Outlook (Revenue, USD MIllion, 2018-2030)
- FRP
- Steel
- Concrete
- Wood
- HDPE
- Global Cooling Tower Application Outlook (Revenue, USD MIllion, 2018-2030)
- HVAC
- Power Generation
- Oil & Gas
- Industrial
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Our clientele includes a mix of cooling tower market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cooling tower market , including forecasts for subscribers. This global databook contains high-level insights into Global cooling tower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global cooling tower market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cooling tower market size, 2023 (US$M)
Global cooling tower market share, by type, 2023 & 2030 (%, US$M)
Cooling tower market: Opportunity assessment by country
Global cooling tower market, by region, 2023 (US$M)
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