Global Cooling Towers Market Growth 2025-2031

Global Cooling Towers Market Growth 2025-2031

The global Cooling Towers market size is predicted to grow from US$ 3514 million in 2025 to US$ 4547 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Cooling Towers Industry Forecast” looks at past sales and reviews total world Cooling Towers sales in 2024, providing a comprehensive analysis by region and market sector of projected Cooling Towers sales for 2025 through 2031. With Cooling Towers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cooling Towers industry.

This Insight Report provides a comprehensive analysis of the global Cooling Towers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cooling Towers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cooling Towers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cooling Towers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cooling Towers.

This report presents a comprehensive overview, market shares, and growth opportunities of Cooling Towers market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Open-Circuit Cooling Towers
Closed-Circuit Cooling Towers

Segmentation by Application:
Power Generation
HVAC
Oil & Gas
Chemical & Petrochemical
Food & Beverages
Metallurgical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cooling Towers market?

What factors are driving Cooling Towers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cooling Towers market opportunities vary by end market size?

How does Cooling Towers break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.