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Global Cooling Towers Strategic Business Report 2023: Artificial Intelligence & Electronification of Controls Make Disruptive Impact

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Global Market for Cooling Towers

Global Market for Cooling Towers
Global Market for Cooling Towers

Dublin, May 08, 2023 (GLOBE NEWSWIRE) -- The "Cooling Towers: Global Strategic Business Report" report has been added to's offering.

Global Cooling Towers Market to Reach $5.4 Billion by 2030

The global market for Cooling Towers estimated at US$3.7 Billion in the year 2022, is projected to reach a revised size of US$5.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.

Wet Towers, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$3.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dry Towers segment is readjusted to a revised 3.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $987.4 Million, While China is Forecast to Grow at 6.9% CAGR

The Cooling Towers market in the U.S. is estimated at US$987.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$463.2 Million by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030.


Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute


No. of Pages


Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$3.7 Billion

Forecasted Market Value (USD) by 2030

$5.4 Billion

Compound Annual Growth Rate


Regions Covered



  • Artificial Intelligence & Electronification of Controls Make Disruptive Impact on Cooling Tower Performance Monitoring & Operation

  • A Popular Type of Heat Exchanger, Cooling Towers Play Key Role in Industrial Process Heat Management

  • A Critical Capital Investment for Industries Where Cooling Forms an Important Part of Production/Manufacturing Processes, Cooling Towers Represents One of the Largest Segments of the Heat Exchangers Market

  • Growing Prominence of Robotic & Intelligent Process Automation in the Era of Smart Factories to Drive the Commercial Value of Cooling Towers with Electronic Controls

  • As Hidden Profit Centers, Energy Efficient Cooling Towers Grow in Prominence

  • Energy Efficient Cooling Towers Win the Race Against the Backdrop of Growing Popularity of Energy Audits & the Ensuing Spotlight on Cooling Towers as the Most Neglected Process Equipment With the Potential for Energy Optimization

  • Undeniable Productivity Benefits of Industrial Energy Efficiency Measures to Spur the Commercial Value of Energy Efficient Cooling Towers

  • Medley of Factors Dole Out Challenges & Opportunities in Equal Measure for Cooling Towers in the Global Oil Refining Market

  • With Growth Skewed Towards Alternative Liquid Fuels, Oil Refineries Face a High Risk Exposure as the Oil Shake Up Marks the Transition Towards a Low Carbon Economy

  • Cornering a Large Percentage of New Refining Capacity Additions, Developing Regions & the USA Emerge as Lucrative Pockets of Growth for Cooling Towers in the Oil Refining Sector

  • Recovery in Construction Activity Spurs Demand for Rooftop Packaged HVAC Cooling Towers

  • Steady Gains in Construction Industry & Mandatory Building Energy Efficiency Provisions to Drive Opportunities for HVAC Cooling Towers

  • Cooling Towers Emerge Into a More Desirable Solution for HVAC Cooling Needs in Buildings Supported by the Smart Connectivity Benefits Offered by Building Automation Systems (BAS)

  • Although Declining in Numbers, the Growing Size of an Average Datacenter Due to the Ongoing Consolidation Trend Will Offer Opportunities for Evaporative Cooling Towers

  • Higher Energy Benefits Over & Above Air-Cooled Chiller Plants to Drive Demand for Water Cooled Chillers with Integrated Cooling Towers in Datacenters

  • Rising Global Energy Needs Drives Stable Growth of Cooling Towers in the Power Generation/Utilities Sector

  • As the Icon of Thermal Energy Generation, Large Cooling Towers Continue to Find Attractive Opportunities in Coal Fired Power Plants

  • Robust Outlook for Clean Coal Power to Drive Demand for Power Plant Cooling Towers

  • Focus on Renewable Energy: A Double Win for Cooling Towers in the Energy Sector

  • Dry Cooling Towers & Hybrid Wet/Dry Cooling Towers Emerge Into the Spotlight as CSPs Boxed In Water Scarcity Issues, Embark on the Quest for Water Conservation

  • Robust Outlook for Renewables to Echo Downstream Into the Cooling Towers Market

  • Expected Revival of Nuclear Energy to Drive Opportunities in the Cooling Towers Market

  • With 507 Operational & Under Construction Nuclear Reactors, Demand for Cooling Towers in Nuclear Power Plants is Poised for Growth in the Medium to Long Term Period

  • Nuclear Power to Drive Demand for Cooling Towers

  • Evaporative Credits Offered by Utilities Strengthens the Business Case for the Use of Cooling Towers

  • As the Costs of Owning & Operating a Plant Becomes Expensive, Cooling Towers with Their Low Water Drainage Loss Emerge Attractive for Obtaining Water Evaporation Credits

  • Uncertainties Resurface After Two Years of Recovery in the Mining Industry, Throwing Mine Cooling Towers Back Into Stress

  • As Deep Mines Begin to Invade the Earth's Forbidden Zone, Efficient Mine Cooling Towers Will Grow in Prominence Over the Long-Term Period

  • With Annualized Exploration Spending Growth Beginning to Recede Tempered Outlook Makes a Comeback for Mine Cooling Towers

  • Healthy Outlook for the World Chemical Industry Extends a Fillip to Cooling Towers Demand

  • Projected Stability in Capital Spending in the Chemical Industry Provides Opportunities for New and Replacement Demand for Cooling Towers

  • Healthy Market for Processed Food to Benefit Demand for Cooling Towers in the Food Processing Sector

  • As the Hidden Workhorses of Heating and Cooling in the Food & Beverage Industry, Demand for Cooling Towers Benefits from the Growing Demand for Packaged Food

  • Stringent Environmental Norms & Worsening Water Shortages Drive Demand for Closed Circuit Dry Cooling Towers

  • Advancements in Water Treatment Processes

  • Hybrid Cooling Towers Rise in Importance & Commercial Value

  • Growing Popularity of Hybrid Cooling Towers as Measured by their Growing Share in the Cooling Towers Rental Space as an Illustrative Case in Point

  • Current State of Hybrid Cooling Towers Market

  • Technology Innovations Remain Critical to Growth

  • Saving Water Through Vapor-Collection Technology

  • Next-generation Factory Assembled Cooling Towers to Positively Impact Bottom Line of HVAC and Industrial Processes

  • Advancements in Plume Abatement Technologies and Drift Eliminators to Address Environmental Concerns

  • New Design and Material Innovations Increase Cooling Efficiency

  • Electric Pulse Technology, an Alternative to Water Treatment Chemicals in Cooling Towers

  • A Review of Innovations in Construction Materials for Cooling Towers

  • Power Transmission Technologies in Cooling Tower

  • Study on Water Efficiency for Cooling Technology

  • Research to Overcome the Excessive Water Consumption Barrier

  • Changes in Cooling Water Treatment Processes

  • Reducing Cooling Tower Maintenance Through Automation

FOCUS ON SELECT PLAYERS (Total 103 Featured)

  • Artech Cooling Towers Pvt. Ltd.

  • Babcock & Wilcox Enterprises, Inc.

  • Baltimore Aircoil Company Inc.

  • Bell Cooling Tower

  • BERG Chilling Systems, Inc.

  • Brentwood Industries, Inc.

  • Composite Cooling Solutions L.P

  • Cooling Tower Depot, Inc.

  • Cooling Tower Systems, Inc.

  • Delta Cooling Towers, Inc.

  • ENEXIO Management GmbH

  • EVAPCO, Inc.

  • EWK Equipos de Refrigeracion, S.A.

  • FANS a.s.

  • Hamon & Cie (International) SA



  • JAEGGI Hybridtechnologie AG

  • Johnson Controls Inc.

  • Kelvion Holding GmbH

  • Krones AG

  • Liang Chi Industry (THAILAND) Co., Ltd.

  • Mastertech Services Inc.

  • MESAN Group

  • MITA Cooling Technologies Srl

  • Paharpur Cooling Tower Limited


  • Ryowo Holding Co., Ltd.

  • SPX Cooling Technologies, Inc.

  • Star Cooling Tower Pvt. Ltd.

  • Superchill Australia Pty Ltd.

  • Thermal Care Inc.

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