Europe Field-erected Cooling Tower Market Size & Outlook
Europe field-erected cooling tower market, 2018-2030 (US$M)
Europe field-erected cooling tower market highlights
- The Europe field-erected cooling tower market generated a revenue of USD 417.3 million in 2023.
- The market is expected to grow at a CAGR of 2.3% 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.
Europe data book summary
| Market revenue in 2023 | USD 417.3 million |
| Market revenue in 2030 | USD 489.7 million |
| Growth rate | 2.3% (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, Europe region accounted for 19.8% 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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Europe 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 Europe field-erected cooling tower market based on wet covering the revenue growth of each sub-segment from 2018 to 2030.
Europe's demand for field-erected cooling towers is influenced by the region's stringent environmental regulations and the shift towards renewable energy sources.
The emphasis on reducing carbon footprints and enhancing energy efficiency has prompted power generation and industrial sectors to adopt advanced cooling solutions that offer higher efficiency and minimal environmental impact.
Moreover, the modernization of existing industrial plants and power facilities in Europe necessitates the retrofitting or replacement of old cooling towers with advanced field-erected models, further driving the market demand.
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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 Europe field-erected cooling tower market , including forecasts for subscribers. This continent databook contains high-level insights into Europe field-erected cooling tower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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