Cooling Tower Market Report Scope & Overview:

The Cooling Tower Market Size was esteemed at USD 1.99 billion in 2022 and is supposed to arrive at USD 2.92 billion by 2030 and develop at a CAGR of 4.9% over the forecast period 2023-2030.

Cooling towers are utilized for keeping up with temperatures in the chillers for various modern applications. The gadget is essentially utilized in the assembling and power age businesses for keeping the climate cool. The essential undertaking of cooling towers is to eliminate heat and keep up with cool temperatures. The intensity guideline can be kept up with in cooling frameworks by utilizing a cooling tower. They have various applications like power age, producing industry, HVACR, food and refreshment, and others.

Cooling Tower Market Revenue Analysis

To get more information on Cooling Tower Market - Request Free Sample Report

Essentially, the cooling tower is an innovation known for keeping up with the temperature in the chillers for different modern applications. Significant use of cooling towers is in the power age and assembling units in modern areas to keep up with the cool climate. The cooling tower is principally used to move the intensity into the air. These are similarly reasonable and reliable methods for eliminating second-rate heat from cooling water. Cooling towers are most generally utilized in eliminating the overabundance of heat that is produced and are utilized to address a somewhat trustworthy and modest method for eliminating second-rate heat from cooling towers.

Cooling towers are utilized in power plants, basically in thermoelectric power plants, to eliminate excess intensity. With expanded worldwide interest for power, the quantity of force plants is supposed to rise, driving the extension of this industry. Besides, a gigantic expansion in the number of development exercises across the business and private areas in rising nations is expected to expand the interest for this item. Moreover, fast worldwide industrialization is additionally a significant driver expected to influence the cooling towers market development during the gauge period well.

Market Dynamics

Driving Factors

  • Rise development in modern exercises.

  • Ascend is sought after because of environmental Change.

Restraining Factors

  • Rising interest in atomic power age area.

  • Innovative headway.


  • Natural tainting.

  • Divided market around the world.


  • Rising interest in atomic power age area.

  • Continuous consumption in the framework brings about diminished effectiveness.

Impact of Covid-19

Fabricating businesses have been significantly impacted during the COVID-19 pandemic all over the planet. Because of COVID-19, numerous nations have forced cross-country lockdown. Laborers at the assembling office are not accessible because of the lockdown. Producing firms are neglecting to give things because of an absence of staff. Cooling towers are utilized in assembling plants to eliminate abundant heat from the framework. Because of the multitude of referenced reasons, the COVID-19 pandemic is supposed to control the Cooling tower market development during the conjectured time frame.

Market Estimations

By Product

The wet towers portion is figured to develop at a higher rate, inferable from its capacity to perform solid tasks in hot encompassing circumstances. Moreover, their capacity to cool huge volumes of water and high cooling limit per unit across assembling ventures is probably going to drive this fragment sooner rather than later. Moreover, the focal point of significant producers to redesign the current wet cooler innovation is an imperative variable enlarging the interest for these pinnacles. The dry and half and half pinnacle sections are expected to show moderate development in the impending years. This is mostly credited to their low working and upkeep costs. Moreover, their adaptability to work in any climatic circumstances is probably going to drive development.

By Application

The HVAC portion holds the significant offer credited to the rising industrialization across significant nations, for the most part in the United States, China, Germany, the United Kingdom, and others. Further, the establishment of such pinnacles in HVAC enterprises lessens energy utilization and conveys the simplicity of activity, financially savvy support, and extraordinary execution. Following HVAC, the infiltration of these pinnacles across synthetic substances and petrochemicals, power age, and drug businesses are probably going to be moderate with the rising government drives to diminish energy utilization, convey ideal proficiency, and lower natural contamination.

Key Market Segmentation

By Product

  • Evaporative/Wet

  • Dry

  • Hybrid

By Application

  • Chemicals & Fertilizers

  • Oil & Gas

  • Power Generation


Cooling Tower Market Segmentation Analysis

Need any customization research on Cooling Tower Market - Enquiry Now

Regional Analysis

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Among areas, North America is supposed to observe critical development in the worldwide cooling towers market during the gauge time frame. This is inferable from the rising development of oil and oil and gas areas across the locale. Moreover, the high development of the force age industry is supposed to support the territorial market development over the gauge period. The Asia Pacific is supposed to enlist a worthwhile development in the worldwide cooling towers market over the conjecture period. This is attributable to the quick development of food and drink area in the locale.

Key Players

The Major Players are SPIG S.p.A, Absolute Cooling Tower Services Ltd., ESINDUS S.A (Hamon Group), Paharpur Cooling Towers Limited, FANS a.s., LIANG CHI INDUSTRY (THAILAND) CO., LTD., Delta Cooling Towers, Inc., SPX Corporation, Cooling Tower Depot, Inc., Superchill Australia Pty Ltd. and Other Players

Paharpur Cooling Towers Limited-Company Financial Analysis

Cooling Tower Report Scope:

Report Attributes Details
Market Size in 2022 US$ 1.99 Billion
Market Size by 2030 US$ 2.92 Billion
CAGR CAGR of 4.9% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Evaporative/Wet, Dry, Hybrid)
• By Application (Chemicals & Fertilizers, Oil & Gas, Power Generation, HVACR)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles SPIG S.p.A, Absolute Cooling Tower Services Ltd., ESINDUS S.A (Hamon Group), Paharpur Cooling Towers Limited, FANS a.s., LIANG CHI INDUSTRY (THAILAND) CO., LTD., Delta Cooling Towers, Inc., SPX Corporation, Cooling Tower Depot, Inc., and Superchill Australia Pty Ltd.
DRIVERS • Rise development in modern exercises.
• Ascend is sought after because of environmental Change.
RESTRAINTS • Rising interest in atomic power age area.
• Innovative headway.

Frequently Asked Questions

Ans: The Cooling Tower Market is growing at a CAGR of 4.9% From 2023 to 2030.

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

Ans: North America has the biggest offer in the Cooling Tower market.

Ans: Rising interest in the atomic power age area and Continuous consumption in the framework brings about diminished effectiveness are the restraining factors and challenges faced by the Cooling Tower market.

Ans: The Cooling Tower Market size was valued at USD 1.99 billion in 2022.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers          

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Global Cooling Tower By Product

8.1 Evaporative/Wet

8.2 Dry

8.3 Hybrid

9. Cooling Tower Market Segmentation, By Application

9.1 Chemicals & Fertilizers

9.2 Oil & Gas

9.3 Power Generation


10. Cooling Tower Market Segmentation, by Region/Country

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company profiles

11.1 VAT Group AG

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 Swot Analysis

11.1.4 The SNS View

11.2 MKS Instruments

11.3 CKD Corporation

11.4 V-TEX Corporation

11.5 ULVAC, Inc.

11.6 SMC Corporation

11.7 HVA LLC

11.8 Kitz SCT Corporation

11.9 Pfeiffer Vacuum

11.10 Agilent Technologies

12. Competitive Landscape

12.1 Competitive Bench Marking

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone