Cooling Tower Market is predicted to reach USD 4.69 Billion by 2030

According to the study by Next Move Strategy Consulting, the global Cooling Tower Market size is predicted to reach USD 4.69 billion, with a CAGR of 4.3% by 2030. 

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The significant growth of chemical industry driven by the need for reliable and energy-efficient cooling solutions, accelerates the demand of cooling tower.

Additionally, the rising consumption of frozen food is increasing the need for efficient and reliable refrigeration systems in food processing and storage facilities, thus propelling the growth of the market.

Asia Pacific dominates the cooling tower market share and is projected to maintain its dominance throughout the forecast period.

The cooling tower market comprises of various industry players such as Baltimore, Krones AG, SPX Corporation, Metso Corporation, MITA Cooling Technologies, Atlas SSI, Johnson Controls, Reymsa Cooling Tower, Tower Tech, and Thermax Ltd.