China Cooling Tower Market Size & Outlook, 2023-2030

The cooling tower market in China is expected to reach a projected revenue of US$ 584.9 million by 2030. A compound annual growth rate of 6.4% is expected of China cooling tower market from 2024 to 2030.
Revenue, 2023 (US$M)
$378.3
Forecast, 2030 (US$M)
$584.9
CAGR, 2024 - 2030
6.4%
Report Coverage
China

China cooling tower market highlights

  • The China cooling tower market generated a revenue of USD 378.3 million in 2023 and is expected to reach USD 584.9 million by 2030.
  • The China market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
  • In terms of segment, open circuit was the largest revenue generating type in 2023.
  • Hybrid is the most lucrative type segment registering the fastest growth during the forecast period.


Cooling tower market data book summary

Market revenue in 2023USD 378.3 million
Market revenue in 2030USD 584.9 million
Growth rate6.4% (CAGR from 2023 to 2030)
Largest segmentOpen circuit
Fastest growing segmentHybrid
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOpen circuit, Closed circuit, Hybrid


Other key industry trends

  • In terms of revenue, China accounted for 9.8% of the global cooling tower market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China cooling tower market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 247.2 million by 2030.

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Cooling Tower Market Companies

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China 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 39.92% in 2023. Horizon Databook has segmented the China cooling tower market based on open circuit, closed circuit, hybrid covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of cooling tower market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 country-level data and insights on the China cooling tower market , including forecasts for subscribers. This country databook contains high-level insights into China cooling tower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China cooling tower market size, by type, 2018-2030 (US$M)

China Cooling Tower Market Outlook Share, 2023 & 2030 (US$M)

China cooling tower market size, by type, 2018-2030 (US$M)

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