Cooling Tower Market Size, Share, and Growth Forecast, 2025 - 2032

Table of Content

1. Executive Summary
   1. Global Cooling Tower Market Snapshot, 2025 and 2032
   2. Market Opportunity Assessment, 2025 - 2032, US$ Bn
   3. Key Market Trends
   4. Future Market Projections
   5. Premium Market Insights
   6. Material Developments and Key Market Events
   7. PMR Analysis and Recommendations
2. Market Overview
   1. Market Scope and Definition
   2. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunity
      4. Key Trends
   3. Macro-economic Factors
      1. Global Sectoral Outlook
      2. Global GDP Growth Outlook
   4. COVID-19 Impact Analysis
   5. Forecast Factors - Relevance and Impact
3. Value Added Insights
   1. Tool Adoption Analysis
   2. Regulatory Landscape
   3. Value Chain Analysis
   4. PESTLE Analysis
   5. Porter’s Five Force Analysis
4. Price Analysis, 2024A
   1. Key Highlights
   2. Key Factors Impacting Deployment Costs
   3. Pricing Analysis, By Technology
5. Global Cooling Tower Market Outlook
   1. Key Highlights
      1. Market Volume (Units) Projections
      2. Market Size (US$ Bn) and Y-o-Y Growth
      3. Absolute $ Opportunity
   2. Market Size (US$ Bn) and Volume (Units) Analysis and Forecast
      1. Historical Market Size (US$ Bn) Analysis, 2019-2024
      2. Current Market Size (US$ Bn) Analysis and Forecast, 2025 - 2032
   3. Global Cooling Tower Market Outlook: Technology
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Technology, 2019 - 2024
      3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025 - 2032
         1. Evaporative (Wet) Cooling Towers
         2. Dry Cooling Towers
         3. Hybrid Cooling Towers
         4. Open-Circuit Cooling Towers
         5. Closed-Circuit Cooling Towers
      4. Market Attractiveness Analysis: Technology
   4. Global Cooling Tower Market Outlook: Material
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Bn) Analysis, By Material, 2019 - 2024
      3. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
         1. Fiber-Reinforced Plastic (FRP)
         2. Steel
         3. Concrete
         4. Wood
         5. High-Density Polyethylene (HDPE)
         6. Others
      4. Market Attractiveness Analysis: Material
   5. Global Cooling Tower Market Outlook: Application
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Bn) Analysis, By Application, 2019 - 2024
      3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
         1. Power Generation
         2. Heating, Ventilation, Air Conditioning, & Refrigeration (HVACR)
         3. Chemicals
         4. Oil & Gas
         5. Food & Beverage Processing
         6. Others
      4. Market Attractiveness Analysis: Application
6. Global Cooling Tower Market Outlook: Region
   1. Key Highlights
   2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019 - 2024
   3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2025 - 2032
      1. North America
      2. Europe
      3. East Asia
      4. South Asia and Oceania
      5. Latin America
      6. Middle East & Africa
   4. Market Attractiveness Analysis: Region
7. North America Cooling Tower Market Outlook
   1. Key Highlights
   2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
      1. By Country
      2. By Technology
      3. By Material
      4. By Application
   3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
      1. U.S.
      2. Canada
   4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025 - 2032
      1. Evaporative (Wet) Cooling Towers
      2. Dry Cooling Towers
      3. Hybrid Cooling Towers
      4. Open-Circuit Cooling Towers
      5. Closed-Circuit Cooling Towers
   5. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
      1. Fiber-Reinforced Plastic (FRP)
      2. Steel
      3. Concrete
      4. Wood
      5. High-Density Polyethylene (HDPE)
      6. Others
   6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
      1. Power Generation
      2. Heating, Ventilation, Air Conditioning, & Refrigeration (HVACR)
      3. Chemicals
      4. Oil & Gas
      5. Food & Beverage Processing
      6. Others
   7. Market Attractiveness Analysis
8. Europe Cooling Tower Market Outlook
   1. Key Highlights
   2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
      1. By Country
      2. By Technology
      3. By Material
      4. Application
   3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Russia
      7. Türkiye
      8. Rest of Europe
   4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025 - 2032
      1. Evaporative (Wet) Cooling Towers
      2. Dry Cooling Towers
      3. Hybrid Cooling Towers
      4. Open-Circuit Cooling Towers
      5. Closed-Circuit Cooling Towers
   5. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
      1. Fiber-Reinforced Plastic (FRP)
      2. Steel
      3. Concrete
      4. Wood
      5. High-Density Polyethylene (HDPE)
      6. Others
   6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
      1. Power Generation
      2. Heating, Ventilation, Air Conditioning, & Refrigeration (HVACR)
      3. Chemicals
      4. Oil & Gas
      5. Food & Beverage Processing
      6. Others
   7. Market Attractiveness Analysis
9. East Asia Cooling Tower Market Outlook
   1. Key Highlights
   2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
      1. By Country
      2. By Technology
      3. By Material
      4. By Application
   3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
      1. China
      2. Japan
      3. South Korea
   4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025 - 2032
      1. Evaporative (Wet) Cooling Towers
      2. Dry Cooling Towers
      3. Hybrid Cooling Towers
      4. Open-Circuit Cooling Towers
      5. Closed-Circuit Cooling Towers
   5. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
      1. Fiber-Reinforced Plastic (FRP)
      2. Steel
      3. Concrete
      4. Wood
      5. High-Density Polyethylene (HDPE)
      6. Others
   6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
      1. Power Generation
      2. Heating, Ventilation, Air Conditioning, & Refrigeration (HVACR)
      3. Chemicals
      4. Oil & Gas
      5. Food & Beverage Processing
      6. Others
   7. Market Attractiveness Analysis
10. South Asia & Oceania Cooling Tower Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
       1. By Country
       2. By Technology
       3. By Material
       4. By Application
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
       1. India
       2. Southeast Asia
       3. ANZ
       4. Rest of South Asia & Oceania
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025 - 2032
       1. Evaporative (Wet) Cooling Towers
       2. Dry Cooling Towers
       3. Hybrid Cooling Towers
       4. Open-Circuit Cooling Towers
       5. Closed-Circuit Cooling Towers
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
       1. Fiber-Reinforced Plastic (FRP)
       2. Steel
       3. Concrete
       4. Wood
       5. High-Density Polyethylene (HDPE)
       6. Others
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
       1. Power Generation
       2. Heating, Ventilation, Air Conditioning, & Refrigeration (HVACR)
       3. Chemicals
       4. Oil & Gas
       5. Food & Beverage Processing
       6. Others
    7. Market Attractiveness Analysis
11. Latin America Cooling Tower Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
       1. By Country
       2. By Technology
       3. By Material
       4. By Application
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
       1. Brazil
       2. Mexico
       3. Rest of Latin America
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025 - 2032
       1. Evaporative (Wet) Cooling Towers
       2. Dry Cooling Towers
       3. Hybrid Cooling Towers
       4. Open-Circuit Cooling Towers
       5. Closed-Circuit Cooling Towers
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
       1. Fiber-Reinforced Plastic (FRP)
       2. Steel
       3. Concrete
       4. Wood
       5. High-Density Polyethylene (HDPE)
       6. Others
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
       1. Power Generation
       2. Heating, Ventilation, Air Conditioning, & Refrigeration (HVACR)
       3. Chemicals
       4. Oil & Gas
       5. Food & Beverage Processing
       6. Others
    7. Market Attractiveness Analysis
12. Middle East & Africa Cooling Tower Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
       1. By Country
       2. By Technology
       3. By Material
       4. By Application
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
       1. GCC Countries
       2. Egypt
       3. South Africa
       4. Northern Africa
       5. Rest of Middle East & Africa
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025 - 2032
       1. Evaporative (Wet) Cooling Towers
       2. Dry Cooling Towers
       3. Hybrid Cooling Towers
       4. Open-Circuit Cooling Towers
       5. Closed-Circuit Cooling Towers
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
       1. Fiber-Reinforced Plastic (FRP)
       2. Steel
       3. Concrete
       4. Wood
       5. High-Density Polyethylene (HDPE)
       6. Others
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
       1. Power Generation
       2. Heating, Ventilation, Air Conditioning, & Refrigeration (HVACR)
       3. Chemicals
       4. Oil & Gas
       5. Food & Beverage Processing
       6. Others
    7. Market Attractiveness Analysis
13. Competition Landscape
    1. Market Share Analysis, 2024
    2. Market Structure
       1. Competition Intensity Mapping By Market
       2. Competition Dashboard
    3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
       1. Babcock & Wilcox Enterprises, Inc.
          1. Overview
          2. Segments and Deployments
          3. Key Financials
          4. Market Developments
          5. Market Strategy
       2. Baltimore Aircoil Company
       3. SPX Corporation
       4. EVAPCO, Inc.
       5. Johnson Controls International Plc.
       6. Delta Cooling Towers Inc.
       7. Cooling Tower Systems, Inc.
       8. Engie Refrigeration GmbH
       9. S.A. Hamon
       10. Kelvion Holdings GmbH
       11. Liang Chi Industry Co. Ltd.
       12. Mesan Group
       13. Paharpur Cooling Towers Ltd.
       14. Cenk Endüstri Tesisleri Imalat Ve Taahhüt A.Ş.
       15. Torraval Cooling S.L.
14. Appendix
    1. Research Methodology
    2. Research Assumptions
    3. Acronyms and Abbreviations