Global Cooling Towers Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Cooling Towers market size was valued at US$ 3561 million in 2024 and is forecast to a readjusted size of USD 4713 million by 2031 with a CAGR of 4.1% during review period.

A cooling tower is a specialized heat exchanger in which air and water are brought into direct contact with each other in order to reduce the water"s temperature. As this occurs, a small volume of water is evaporated, reducing the temperature of the water being circulated through the tower.

Global key manufacturers of cooling towers include Baltimore Aircoil Company (BAC), SPX Cooling Technologies, EVAPCO, and Seagull cooling. The top three producers together hold about 25% of the market share, with the largest producer being BAC at 12%. The global origins are mainly located in the United States, Europe, South America, China, Japan, India, and Korea. In terms of product category, it is divided into open-circuit cooling towers and closed-circuit cooling towers, with the former holding a major market share of 65%. In terms of applications, power generation is the number one application area with a 25% market share; in addition, HVAC, oil and gas are also important applications.

This report is a detailed and comprehensive analysis for global Cooling Towers market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Cooling Towers market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Cooling Towers market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Cooling Towers market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Cooling Towers market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Cooling Towers

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Cooling Towers market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Baltimore Aircoil Company (BAC), SPX Cooling Technologies, EVAPCO, Seagull Cooling Technologies, KUKEN, Hamon, Paharpur Cooling Towers, Kelvion, BRAPU, ENEXIO, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Cooling Towers market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Open-Circuit Cooling Towers
Closed-Circuit Cooling Towers

Market segment by Application
Power Generation
HVAC
Oil & Gas
Chemical & Petrochemical
Food & Beverages
Metallurgical
Others

Major players covered
Baltimore Aircoil Company (BAC)
SPX Cooling Technologies
EVAPCO
Seagull Cooling Technologies
KUKEN
Hamon
Paharpur Cooling Towers
Kelvion
BRAPU
ENEXIO
EBARA
Kobelco Eco-Solutions
Laxun Cooling Tower
Liang Chi Industry
Hunan Yuanheng
King Sun Industry
Zhejiang Lianfeng
Babcock & Wilcox
Mitsubishi Chemical Infratec
Feiyang Group
Kyung In Machinery
Nihon Spindle
Metso Outotec
Sinro Group
Wuxi Fangzhou
Delta Cooling Towers
Daeil Aqua
Wanxiang Refrigeration
Pengsheng Heat Transfer
Shanghai Tyacht

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Cooling Towers product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Cooling Towers, with price, sales quantity, revenue, and global market share of Cooling Towers from 2020 to 2025.

Chapter 3, the Cooling Towers competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Cooling Towers breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Cooling Towers market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Cooling Towers.

Chapter 14 and 15, to describe Cooling Towers sales channel, distributors, customers, research findings and conclusion.