How big is the cooling tower market | Trends 2031

Q: How large was the cooling tower market in 2024 and how fast is it growing?

The cooling tower market was about USD 4.2 billion and is growing at a CAGR of roughly 5.1% through 2031.

Q: What is the expected cooling tower market size by 2031?

cooling tower market is projected to be around USD 6.2 billion by 2031.

Q: What are the primary forces driving cooling tower market expansion?

Industrial growth, environmental regulations, water and energy efficiency, and rising construction of data centers and power plants.

Q: What are the major challenges facing the cooling tower market today?

The cooling tower market faces several pressing challenges, including rising environmental regulations, high water and energy consumption, and increased maintenance demands.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5144

Publication Date: Jul 2025

What is the Cooling TowerMarket Size?

According to 6Wresearch internal database and industry insights, the Global Cooling Tower Market was valued at USD 4.2 billion in 2024 and is anticipated to exceed USD 6.21 billion by 2031, registering a steady at a CAGR of 5.1% during the forecast period.

Cooling Tower Market is experiencing robust infrastructure expansion and growing demand for efficient cooling in industries like power generation, manufacturing, and data centres. Governments pushing stricter energy and water usage regulations are amplifying the need for sustainable cooling tech. Meanwhile, rising urbanization and more smart buildings are further fuelling demand.

Major Growth Factors of the Cooling Tower Industry

Rapid industrialization in Asia-Pacific
Stringent environmental & water efficiency regulations
Expansion of power plants and data centers
Demand for energy-efficient and low-water footprint systems
Modular & retrofit-friendly cooling designs

Cooling Tower Market Trends

Cooling Tower Market is embracing smart and modular designs that simplify installation and maintenance. IoT-enabled remote monitoring, predictive maintenance, and hybrid systems combining dry and evaporative cooling are gaining traction. Retrofit kits and eco-friendly materials are also helping older infrastructures meet new sustainability standards.

Emerging Developments in the Cooling Tower Industry

Cooling Tower Market is evolving with advances like micro sand filtration to enhance heat transfer and reduce energy use. Hybrid cooling systems that dynamically switch between wet and dry modes optimize water use. Additionally, data-driven digital twins and real-time analytics are optimizing tower performance and foresight maintenance. Modern cooling towers are increasingly equipped with IoT sensors and automation controls. These systems enable real-time monitoring of temperature, pressure, water flow, and energy use