Modular Cooling Towers Market

Modular Cooling Towers Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The modular cooling towers market size was estimated to be US$ 2.29 Billion in 2022.

The modular cooling towers market is expected grow at a CAGR of 5.3% between 2023 to 2032.

The modular cooling towers market is being driven by a range of factors including technological advancements in modular cooling tower design, stringent environmental regulations, and growing demand for power generation.

The FRP segment is the largest material type segment in the modular cooling towers market due to its superior performance and cost-effectiveness.

Asia-Pacific is the largest and fastest-growing market for modular cooling towers, driven by the increasing demand for power generation and HVAC systems in emerging economies like China and India.

Baltimore Aircoil Company, Delta Cooling Towers, Inc., Evapco, Inc., Hamon Group, Johnson Controls International plc, Paharpur Cooling Towers Ltd., SPX Cooling Technologies, Inc., Star Cooling Towers Pvt. Ltd., Sterling Thermal Technology Ltd., Superchillers Private Limited, TCT Trading GmbH, Thermal Care, Inc., Thermax Global, Wartsila Corporation and Zhejiang Oulun Electric Co., Ltd. among others, are the major players in this market.

The major growth strategies adopted by these companies are investing in marketing and promotional activities to increase their brand awareness and customer loyalty.