North America Field-erected Cooling Tower Market Size & Outlook
North America field-erected cooling tower market highlights
- The North America field-erected cooling tower market generated a revenue of USD 354.8 million in 2023.
- The market is expected to grow at a CAGR of 1.9% from 2024 to 2030.
- In terms of segment, wet was the largest revenue generating tower type in 2023.
- Wet is the most lucrative tower type segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 354.8 million |
| Market revenue in 2030 | USD 405.0 million |
| Growth rate | 1.9% (CAGR from 2024 to 2030) |
| Largest segment | Wet |
| Fastest growing segment | Wet |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wet |
| Key market players worldwide | Star Cooling Towers, Composite Cooling Solutions, EvapTech, Inc., MESAN, International Cooling Tower, EVAPCO, Inc., Delta Cooling Towers, Brentwood Industries, Babcock & Wilcox Enterprises Inc, Paharpur Cooling Towers, Hamon, Enexio, SPX Cooling Technologies |
Other key industry trends
- In terms of revenue, North America region accounted for 16.9% of the global field-erected cooling tower market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,346.3 million by 2030.
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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 |
North America 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 North America field-erected cooling tower market based on wet covering the revenue growth of each sub-segment from 2018 to 2030.
North America exhibits a steady demand for field-erected cooling towers, characterized by the need for energy-efficient cooling solutions in power generation, industrial processes, and HVAC applications.
The U.S. and Canada are actively focusing on upgrading their aging infrastructure, including power plants and industrial facilities, which directly influences the demand for new and advanced field-erected cooling towers.
Furthermore, North America's stringent environmental standards necessitate the adoption of cooling solutions that not only meet the operational demands but also align with environmental sustainability goals, thus propelling the market growth in the region.
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Our clientele includes a mix of field-erected cooling tower market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America field-erected cooling tower market , including forecasts for subscribers. This continent databook contains high-level insights into North America field-erected cooling tower market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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