Global Field-erected Cooling Tower Market Size & Outlook

The global field-erected cooling tower market size was estimated at USD 2,104.6 million in 2023 and is projected to reach USD 2,671.3 million by 2030, growing at a CAGR of 3.5% from 2024 to 2030.
Revenue, 2023 (US$M)
$2,104.6
Forecast, 2030 (US$M)
$2,671.3
CAGR, 2024 - 2030
3.5%
Report Coverage
Worldwide

Global field-erected cooling tower market, 2018-2030 (US$M)

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Global field-erected cooling tower market highlights

  • The global field-erected cooling tower market generated a revenue of USD 2,104.6 million in 2023 and is expected to reach USD 2,671.3 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 3.5% by 2030.
  • In terms of segment, wet accounted for a revenue of USD 2,104.6 million in 2023.
  • Wet is the most lucrative tower type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 2,104.6 million
Market revenue in 2030USD 2,671.3 million
Growth rate3.5% (CAGR from 2024 to 2030)
Largest segmentWet
Fastest growing segmentWet
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWet

Other key industry trends

  • In terms of revenue, the North America accounted for 16.9% of the global field-erected cooling tower market in 2023.

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Field-Erected Cooling Tower Market Companies

Name Profile # Employees HQ Website
SPX Cooling Technologies View profile 501-1000 Overland Park, Kansas, United States, North America https://www.spxcooling.com/
Enexio View profile 501-1000 Herne, Nordrhein-Westfalen, Germany, Europe https://www.enexio.com/
Paharpur Cooling Towers View profile 1001-5000 Kolkata, West Bengal, India, Asia https://www.paharpur.com
Delta Cooling Towers View profile 51-100 Wharton, New Jersey, United States, North America https://deltacooling.com/
EVAPCO, Inc. View profile 1001-5000 Taneytown, Maryland, United States, North America http://evapco.com
International Cooling Tower View profile 501-1000 Edmonton, Alberta, Canada, North America http://www.ictower.com
MESAN View profile 101-250 Sham Shui Po, Kowloon, Hong Kong, Asia http://www.mesanct.com
EvapTech, Inc. View profile 101-250 Westminster, Maryland, United States, North America http://evaptech.com
Composite Cooling Solutions View profile 11-50 Fort Worth, Texas, United States, North America https://www.compositecooling.com
Star Cooling Towers View profile 11-50 Deer Park, Texas, United States, North America https://www.starcoolingtowers.com
Hamon View profile - Merdrignac, Bretagne, France, Europe http://scierie-hamon.fr
Brentwood Industries View profile 501-1000 Reading, Pennsylvania, United States, North America http://www.brentwoodindustries.com/
Babcock & Wilcox Enterprises Inc View profile 2250 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 https://www.babcock.com

Global field-erected cooling tower market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to field-erected cooling tower market will help companies and investors design strategic landscapes.


Wet was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global field-erected cooling tower market based on wet covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Field-Erected Cooling Tower Tower Type Outlook (Revenue, USD Million, 2018-2030)
    • Hybrid
    • Wet
    • Dry
  • Global Field-Erected Cooling Tower Design Outlook (Revenue, USD Million, 2018-2030)
    • Nautral Draft
    • Forced Draft
    • Inuduced Draft
  • Global Field-Erected Cooling Tower End Use Outlook (Revenue, USD Million, 2018-2030)
    • Iron & Steel
    • Paper Mills
    • Others
    • Power Generation
    • Metallurgy
    • Petrochemicals & Oil & Gas

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Horizon Databook provides a detailed overview of global-level data and insights on the Global field-erected cooling tower market , including forecasts for subscribers. This global databook contains high-level insights into Global field-erected cooling tower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global field-erected cooling tower market size, by regions, 2018-2030 (US$M)

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