Market Research Report

ID:VMR11218358
November 2023
REPORT FORMATS: ELECTRONIC (PDF), MS EXCEL

Frequently Asked Questions (FAQs) about this Report

For the year 2022, the global market size for cooling tower market was valued at USD 5.32 Billion.

The global cooling tower market growth is estimated to be close to 6.62% between 2023 and 2030.

The global cooling tower market is currently dominated by Asia Pacific.

The global cooling tower market is segmented by Type (Evaporative Cooling Tower, Dry Cooling Tower, Hybrid Cooling Tower), by Design (Mechanical Draft, Natural Draft), by Material (Concrete, Steel, FRP, Wood), by Flow Type (Crossflow, Counterflow), by Technology (Open Circuit, Close Circuit, Hybrid Circuit), by Application (Power Generation, HVACR, Food & Beverage, Chemical, Petrochemical And Oil & Gas, Others)

The leading players in the global cooling tower market are EVAPCO (US), Baltimore Aircoil Company Inc. (US), SPX Corporation (US), Artech Cooling Towers Pvt. Ltd. (India), Babcock & Wilcox Enterprises (US), Brentwood Industries (US), Johnson Controls Inc. (Ireland), Paharpur Cooling Tower Ltd. (India), Enexio (Germany), and Hamon & CIE International (Belgium).
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Objectives of Study
  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments
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Key questions answered by the report

  • What is the current market size and trends?
  • What will be the market size during the forecast period?
  • How various market factors such as a driver, restraints, and opportunity impact the market?
  • What are the dominating segment and region in the market and why

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