Analysis and Forecast of the Cooling Tower Rental Market Through 2035, by Product Type, Design, End-User Verticals, and Region
Overview:
The global cooling tower rental market is poised for substantial expansion in the coming years. The market is valued at approximately USD 1.16 billion in 2025 and is projected to reach a revised size of USD 2.43 billion by 2035, reflecting a notable compound annual growth rate (CAGR) of 7.7% over the forecast period. This growth is primarily driven by the increasing demand for energy-efficient cooling solutions across various industries.
One of the key drivers of this market is the rising need for temporary cooling solutions in industries such as power generation, HVAC, chemical processing, and manufacturing. Cooling tower rentals provide a flexible and cost-effective alternative to purchasing and maintaining permanent cooling infrastructure, particularly during peak demand periods or emergency situations.
Technological advancements in cooling tower design, coupled with a growing emphasis on sustainable and energy-efficient operations, are also contributing to the market’s growth. Rental cooling towers often incorporate the latest technologies, offering improved performance and reduced environmental impact.
Regionally, the market is strong across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA), with countries like the U.S., China, Germany and India leading the market. These regions are experiencing growing industrialization and infrastructure development, which in turn is boosting the demand for cooling solutions.
The competitive landscape of the cooling tower rental market is characterized by the presence of several key players, including Aggreko, Carrier Rental Systems, and Johnson Controls. These companies offer a wide range of cooling tower rental solutions and are continuously investing in expanding their product portfolios and service capabilities.
The future growth of the cooling tower rental market is also influenced by increasing regulatory focus on water conservation and energy efficiency. This is expected to drive further adoption of rental cooling towers as a means of achieving sustainable cooling operations.
Year On Year Growth Chart
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| Report Attribute | Details |
|---|---|
| Market Size in 2025 | USD 1.16 billion |
| Revenue Forecast for 2035 | USD 2.43 billion |
| Growth Rate (CAGR) | 7.7% from 2025 to 2035 |
| Base Year for Estimation | 2024 |
| Historical Data | 2018 – 2023 |
| Forecast Period | 2025 – 2035 |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2025 to 2035 |
| Report Coverage | Revenue forecast, company market share, competitive landscape, growth factors, and trends |
| Covered Segments | Type, propulsion type, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, MEA |
| Country Scope | U.S., Canada, Mexico, U.K., Germany, Italy, Poland, China, India, Japan, Australia, South Korea, Brazil, UAE, KSA, South Africa |
| Key Companies Analyzed | Aggreko, Baltimore Aircoil Australia, Carrier Rental Systems, Caterpillar, Cooling Tower Depot; Engie Refrigeration, ICS Cool Energy, Jacir, Johnson Controls |
| Customization Options | Free report customization (up to 8 analysts working days) with purchase. Changes to country, regional, and segment scope |
| Pricing and Purchase Options | Customizable purchase options for tailored research needs |
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Key Companies Market Share
Report Coverage & Deliverables
- Market Trends And Dynamics
- Competitve Benchmarking
- Historical data and forecasts
- Value/Volume analysis
- Company revenue shares and key strategies
- Regional opportunities
This is an indicative segmentation. Please request a sample report to see detail segmentation of this market.
Detailed Market Segmentation
- By Product Type
- Open Cooling Towers
- Closed Circuit Cooling Towers
- Adiabatic Cooling Towers
- By Design
- Crossflow
- Counterflow
- By End-User Verticals
- Power Generation
- HVAC
- Chemical Processing
- Oil and Gas
- Food and Beverage
- Pharmaceuticals
- Manufacturing
- By Region
- North America (U.S., Canada, Mexico)
- Europe (U.K., Germany, France, Italy, Poland)
- Asia-Pacific (China, India, Japan, Australia, South Korea)
- Latin America (Brazil, Argentina)
- Middle East & Africa (UAE, Saudi Arabia, South Africa)
Table of Content
- Executive Summary
- Market Overview
- Key Market Trends
- Market Dynamics
- Global Cooling Tower Rental Market Analysis, by Product Type
- Open Cooling Towers
- Closed Circuit Cooling Towers
- Adiabatic Cooling Towers
- Global Cooling Tower Rental Market Analysis, by Design
- Crossflow
- Counterflow
- Global Cooling Tower Rental Market Analysis, by End-User Verticals
- Power Generation
- HVAC
- Chemical Processing
- Oil and Gas
- Food and Beverage
- Pharmaceuticals
- Manufacturing
- Market Analysis 2025 to 2035, By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
- U.S. Cooling Tower Rental Market Analysis 2025 to 2035
- Canada Cooling Tower Rental Market Analysis 2025 to 2035
- Mexico Cooling Tower Rental Market Analysis 2025 to 2035
- U.K. Cooling Tower Rental Market Analysis 2025 to 2035
- Germany Cooling Tower Rental Market Analysis 2025 to 2035
- China Cooling Tower Rental Market Analysis 2025 to 2035
- India Cooling Tower Rental Market Analysis 2025 to 2035
- Japan Cooling Tower Rental Market Analysis 2025 to 2035
- Market Competitive Landscape
- Company Profiles
- Aggreko
- Baltimore Aircoil Australia
- Carrier Rental Systems
- Caterpillar
- Johnson Controls
- Assumptions and Acronyms Used
- Research Methodology