Middle East & Africa Cooling Tower Market Size & Outlook

The cooling tower market in Middle East & Africa is expected to reach a projected revenue of US$ 610.1 million by 2030. A compound annual growth rate of 1.6% is expected of Middle East & Africa cooling tower market from 2024 to 2030.
Revenue, 2023 (US$M)
$545.0
Forecast, 2030 (US$M)
$610.1
CAGR, 2024 - 2030
1.6%
Report Coverage
Middle East & Africa

MEA cooling tower market highlights

  • The MEA cooling tower market generated a revenue of USD 545.0 million in 2023.
  • The market is expected to grow at a CAGR of 1.6% 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.


MEA data book summary

Market revenue in 2023USD 545.0 million
Market revenue in 2030USD 610.1 million
Growth rate1.6% (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, MEA region accounted for 14.1% 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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Middle East & Africa 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 42.26% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa cooling tower market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cooling tower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Middle East & Africa cooling tower market

Middle East & Africa Cooling Tower Market Outlook Share, 2023 & 2030 (US$M)

Middle East & Africa cooling tower market

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