Europe Cooling Tower Market Size & Outlook, 2023-2030

The cooling tower market in Europe is expected to reach a projected revenue of US$ 1,205.2 million by 2030. A compound annual growth rate of 4.3% is expected of Europe cooling tower market from 2024 to 2030.
Revenue, 2023 (US$M)
$898.4
Forecast, 2030 (US$M)
$1,205.2
CAGR, 2024 - 2030
4.3%
Report Coverage
Europe

Europe cooling tower market highlights

  • The Europe cooling tower market generated a revenue of USD 898.4 million in 2023.
  • The market is expected to grow at a CAGR of 4.3% 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.
  • Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 898.4 million
Market revenue in 2030USD 1,205.2 million
Growth rate4.3% (CAGR from 2023 to 2030)
Largest segmentOpen circuit
Fastest growing segmentHybrid
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOpen circuit, Closed circuit, Hybrid


Other key industry trends

  • In terms of revenue, Europe region accounted for 23.3% of the global cooling tower market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,785.8 million by 2030.

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Cooling Tower Market Companies

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Europe 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 42.61% in 2023. Horizon Databook has segmented the Europe 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.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cooling tower market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cooling tower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe cooling tower market size, by country, 2018-2030 (US$M)

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

Europe cooling tower market size, by country, 2018-2030 (US$M)

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