Asia Pacific Field-erected Cooling Tower Market Size & Outlook
Asia Pacific field-erected cooling tower market, 2018-2030 (US$M)
Asia Pacific field-erected cooling tower market highlights
- The Asia Pacific field-erected cooling tower market generated a revenue of USD 1,001.5 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, wet was the largest revenue generating tower type in 2023.
- Wet is the most lucrative tower type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,001.5 million |
| Market revenue in 2030 | USD 1,346.3 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Wet |
| Fastest growing segment | Wet |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wet |
| Key market players worldwide | Star Cooling Towers, Composite Cooling Solutions, EvapTech, Inc., MESAN, International Cooling Tower, EVAPCO, Inc., Delta Cooling Towers, Brentwood Industries, Babcock & Wilcox Enterprises Inc, Paharpur Cooling Towers, Hamon, Enexio, SPX Cooling Technologies |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 47.6% of the global field-erected 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 1,346.3 million by 2030.
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Field-Erected Cooling Tower Market Scope
Field-Erected Cooling Tower Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific field-erected 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 field-erected cooling tower market will help companies and investors design strategic landscapes.
Wet was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific field-erected cooling tower market based on wet covering the revenue growth of each sub-segment from 2018 to 2030.
In the Asia Pacific region, the demand for field-erected cooling towers is burgeoning, underpinned by the region's industrial growth and escalating energy requirements. Countries like China, Japan, South Korea, and Australia are at the forefront, leveraging these cooling systems extensively in power generation, petrochemicals, and other industrial applications.
The Asia Pacific's focus on sustainable development and the transition towards cleaner energy sources also contribute to the increasing adoption of fielderected cooling towers, as they play a crucial role in minimizing water usage and reducing thermal pollution.
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Our clientele includes a mix of field-erected 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 continent-level data and insights on the Asia Pacific field-erected cooling tower market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific field-erected cooling tower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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