Germany Cooling Tower Market Size & Outlook, 2025-2033

The cooling tower market in Germany is expected to reach a projected revenue of US$ 396.6 million by 2033. A compound annual growth rate of 5.9% is expected of Germany cooling tower market from 2025 to 2033.
Revenue, 2024 (US$M)
$241.0
Forecast, 2033 (US$M)
$396.6
CAGR, 2025 - 2033
5.9%
Report Coverage
Germany

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Germany cooling tower market, 2021-2033 (US$M)

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Germany cooling tower market highlights

  • The Germany cooling tower market generated a revenue of USD 241.0 million in 2024 and is expected to reach USD 396.6 million by 2033.
  • The Germany market is expected to grow at a CAGR of 5.9% from 2025 to 2033.
  • In terms of segment, open circuit was the largest revenue generating type in 2024.
  • Hybrid is the most lucrative type segment registering the fastest growth during the forecast period.


Cooling tower market data book summary

Market revenue in 2024USD 241.0 million
Market revenue in 2033USD 396.6 million
Growth rate5.9% (CAGR from 2025 to 2033)
Largest segmentOpen circuit
Fastest growing segmentHybrid
Historical data2021 - 2023
Base year2024
Forecast period2025 - 2033
Quantitative unitsRevenue in USD million
Market segmentationOpen circuit, Closed circuit, Hybrid
Key market players worldwideBabcock & Wilcox Enterprises Inc, Johnson Controls International PLC, Kelvion, SPX Technologies Inc


Other key industry trends

  • In terms of revenue, Germany accounted for 5.6% of the global cooling tower market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
  • In Europe, Germany cooling tower market is projected to lead the regional market in terms of revenue in 2033.
  • UK is the fastest growing regional market in Europe and is projected to reach USD 366.4 million by 2033.

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Cooling Tower Market Companies

Name Profile # Employees HQ Website
SPX Technologies Inc View profile 4100 6325 Ardrey Kell Road, Suite 400, Charlotte, NC, United States, 28277 https://www.spx.com
Kelvion View profile 11-50 Bochum, Nordrhein-Westfalen, Germany, Europe https://www.kelvion.com/
Babcock & Wilcox Enterprises Inc View profile 2250 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 https://www.babcock.com
Johnson Controls International PLC View profile 102000 One Albert Quay, Cork, Ireland, T12 X8N6 https://www.johnsoncontrols.com

Germany 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 44.4% in 2024. Horizon Databook has segmented the Germany cooling tower market based on open circuit, closed circuit, hybrid covering the revenue growth of each sub-segment from 2021 to 2033.


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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 Germany cooling tower market , including forecasts for subscribers. This country databook contains high-level insights into Germany cooling tower market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Germany cooling tower market size, by type, 2021-2033 (US$M)

Germany Cooling Tower Market Outlook Share, 2024 & 2033 (US$M)

Germany cooling tower market size, by type, 2021-2033 (US$M)

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