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Cooling Tower Rental Market By Application (Industrial, Commercial, Construction, HVAC, Power Generation); By Type (Open Circuit, Closed Circuit, Hybrid, Crossflow, Counterflow); By End Use (Temporary Cooling Solutions, Emergency Backup, Seasonal Cooling, Project-Based Cooling); By Cooling Medium (Water, Air, Refrigerant); By Geography – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Report ID: 123597 | Report Format : Excel, PDF

Market Overview

The Cooling Tower Rental Market size was valued at USD 1,057.1 million in 2024 and is anticipated to reach USD 1,913.6 million by 2032, growing at a CAGR of 7.7% during the forecast period.

REPORT ATTRIBUTE DETAILS
Historical Period 2020-2024
Base Year 2024
Forecast Period 2025-2032
Cooling Tower Rental Market Size 2024 USD 1,057.1 Million
Cooling Tower Rental Market, CAGR 7.7%
Cooling Tower Rental Market Size 2032 USD 1,913.6 Million

 

The Cooling Tower Rental Market grows through strong drivers and evolving trends that enhance its relevance across industries. Rising industrial demand for flexible cooling solutions, coupled with the need for rapid deployment during maintenance and outages, fuels market expansion.

The Cooling Tower Rental Market demonstrates broad geographical presence, driven by diverse industrial and climatic conditions across regions. North America shows strong demand from power generation, oil and gas, and expanding data centers, supported by mature infrastructure and emphasis on operational reliability. Europe highlights rental adoption in manufacturing, chemicals, and construction, reinforced by strict environmental standards and seasonal variations. Asia-Pacific leads growth with rapid industrialization, large-scale infrastructure projects, and rising adoption in data centers and renewable energy sectors. Latin America and the Middle East & Africa reflect emerging opportunities in mining, oil refining, and construction, where rentals provide cost-effective thermal management. Prominent players shaping the market include Aggreko, known for its large-scale rental fleet, Sunbelt Rentals, with strong deployment capabilities, Cooling Tower Depot, specializing in custom rental solutions, and Tower Tech, offering modular and sustainable cooling technologies that cater to evolving industrial needs.

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Market Insights

  • The Cooling Tower Rental Market was valued at USD 1,057.1 million in 2024 and is expected to reach USD 1,913.6 million by 2032, growing at a CAGR of 7.7% during the forecast period.
  • It expands steadily with rising demand from industries such as power generation, oil and gas, manufacturing, and data centers, which depend on temporary cooling solutions to ensure uninterrupted operations.
  • Drivers include the growing need for flexible cooling during plant outages, cost reduction strategies that favor rentals over ownership, and the emphasis on rapid deployment for emergency and seasonal requirements.
  • Trends show strong adoption of smart monitoring systems, digital controls, and water-efficient technologies, alongside rising demand from renewable energy projects and data centers requiring scalable cooling solutions.
  • Competitive analysis highlights the presence of global and regional players such as Aggreko, Sunbelt Rentals, Cooling Tower Depot, and Tower Tech, which focus on fleet expansion, modular designs, and sustainable technologies to strengthen their position.
  • Restraints include high operating costs linked to transportation, fuel, and water consumption, along with regulatory pressures regarding water usage and environmental compliance that raise barriers for some industries.
  • Regional analysis shows North America leading in industrial adoption, Europe advancing with regulatory-driven demand, Asia-Pacific driving fastest growth through industrialization and infrastructure expansion, while Latin America and the Middle East & Africa provide emerging opportunities in mining, construction, and oil refining through flexible rental solutions.

Cooling Tower Rental Market Size and segmentation

Market Drivers

Rising Industrial Demand for Temporary Cooling Solutions

The Cooling Tower Rental Market benefits from expanding industrial activities that require flexible cooling infrastructure. Power generation, petrochemicals, and manufacturing units face seasonal spikes in demand, creating the need for short-term cooling capacity. Rental solutions provide a cost-effective option for industries that prefer avoiding heavy capital investment in permanent installations. It enables operators to scale operations quickly during plant outages or peak production. This flexibility improves operational efficiency while reducing downtime risks. The adaptability of rental systems strengthens their relevance in industries with fluctuating cooling requirements.

  • For instance, Aggreko provided a significant boost to Texas refinery operations during peak summer demand by deploying over 1,000 portable cooling tower modules. This temporary cooling solution helped maintain critical operations amidst high temperatures and increased energy needs.

Increasing Adoption During Maintenance and Emergency Outages

Maintenance and unplanned outages drive strong demand for rental cooling towers. Industrial plants cannot afford extended shutdowns due to the high cost of lost production. Rental equipment ensures continuity by providing rapid deployment of cooling capacity during repair or upgrade periods. It reduces operational disruptions and allows companies to maintain compliance with environmental and safety standards. Emergency scenarios, such as equipment breakdowns or weather-related failures, further highlight the role of rental cooling solutions. Their quick availability creates resilience and safeguards business continuity.

  • For instance, Sunbelt Rentals supplied temporary cooling systems totaling 25,000 tons of cooling capacity to a Gulf Coast petrochemical facility after a hurricane-related outage, restoring operations within 72 hours and preventing losses estimated at over USD 45 million.

Growing Focus on Reducing Capital Expenditure

Companies emphasize financial flexibility by shifting from ownership to rental models. Large-scale cooling towers require significant upfront investment, making rentals an attractive alternative. The Cooling Tower Rental Market responds to this trend by offering solutions that minimize capital expenditure while delivering reliable performance. It helps industries allocate financial resources more efficiently toward core operations and innovation. The pay-per-use model reduces long-term financial risk and supports businesses with limited budgets. This cost optimization remains a key driver for broader adoption.

Expanding Infrastructure Projects and Climate Challenges

Global infrastructure development and rising climate variability drive sustained growth in cooling tower rentals. Construction, mining, and energy projects rely on temporary cooling to manage high thermal loads. Extreme weather events increase stress on existing cooling systems, encouraging industries to adopt rental solutions for supplemental capacity. It enables businesses to maintain stable performance during high-temperature conditions. Government investments in infrastructure also generate short-term demand for flexible cooling systems. This trend creates steady opportunities for rental providers across diverse regions.

Market Trends

Integration of Digital Monitoring and Smart Controls

The Cooling Tower Rental Market is shaped by the adoption of advanced monitoring technologies and automation. Providers deploy IoT-enabled systems that track performance, energy consumption, and water quality in real time. It improves predictive maintenance and reduces the risk of unexpected failures. Smart controls also enhance operational efficiency by optimizing cooling loads across diverse industrial applications. Customers prefer rental solutions with remote access features that allow continuous monitoring from centralized control centers. This trend aligns with the growing digitalization of industrial operations.

  • For instance, Aggreko integrated its Remote Monitoring System across more than 10,000 rental assets worldwide, enabling real-time diagnostics that cut unplanned downtime by 45% and reduced service callouts by 30,000 hours annually.

Rising Demand from Renewable Energy and Data Centers

Expansion of renewable energy projects and data centers creates significant opportunities for rental cooling systems. Solar and wind power plants often require temporary cooling during peak operations or grid balancing activities. Data centers face increasing thermal loads due to higher computational demands, making reliable rental solutions critical. It helps operators manage rapid capacity expansion without committing to permanent infrastructure. The focus on energy efficiency and uptime further strengthens the role of rental cooling towers in these sectors. This demand highlights the importance of flexible and scalable rental models.

  • For instance, Sunbelt Rentals offers a variety of industrial cooling solutions, including spot coolers, specifically designed to manage heat in demanding environments like server rooms. They provide a range of cooling equipment and customized solutions to address diverse needs, from individual spot cooling to large-scale industrial applications.

Shift Toward Eco-Friendly and Water-Efficient Designs

Sustainability influences rental equipment preferences, with industries adopting environmentally responsible cooling solutions. Rental providers introduce towers that use water-saving technologies and eco-friendly materials. It reduces the environmental footprint and aligns with stricter regulatory requirements. Customers favor solutions that minimize water wastage while maintaining high thermal efficiency. Adoption of hybrid cooling systems that combine air and water cooling reflects this trend. This approach positions rental cooling solutions as both cost-effective and environmentally compliant.

Growing Popularity of Short-Term and Seasonal Rentals

Industries increasingly favor short-term and seasonal rental agreements to address fluctuating demand. Seasonal peaks in temperature or production cycles drive the need for flexible cooling capacity. It allows businesses to avoid underutilization of permanent assets while ensuring uninterrupted operations. Providers respond by offering tailored rental packages that include rapid deployment and maintenance services. The trend is especially visible in regions with extreme climate variations and cyclical industrial demand. This flexibility strengthens customer reliance on rental solutions over traditional ownership.

Market Challenges Analysis

High Operating Costs and Logistical Complexities

The Cooling Tower Rental Market faces obstacles due to high operating expenses and complex logistics. Transporting and installing large rental units requires specialized equipment and skilled labor, which increases overall costs. It also creates scheduling challenges when projects operate under tight deadlines. Fuel and water consumption further add to the expense, limiting adoption in regions with resource constraints. Providers must balance competitive pricing with the need to cover high service and maintenance costs. These financial and logistical barriers restrict market expansion in cost-sensitive industries.

Regulatory Compliance and Environmental Limitations

Strict environmental regulations and water usage restrictions create significant challenges for rental providers. Cooling towers often require large volumes of water and generate drift emissions that must meet air quality standards. It pushes companies to invest in compliance technologies, raising rental prices and reducing affordability. Regional differences in regulatory frameworks complicate operations for providers with cross-border clients. Concerns about water scarcity in certain geographies further limit deployment opportunities. These compliance hurdles slow adoption and demand continuous adaptation by rental providers.

Market Opportunities

Expansion in Emerging Economies and Infrastructure Projects

The Cooling Tower Rental Market creates strong opportunities through rapid industrialization and infrastructure growth in emerging economies. Construction, mining, and energy projects in developing regions require temporary cooling solutions to manage high thermal loads. It allows project operators to access reliable systems without heavy capital investment. Government-backed infrastructure programs further drive demand for flexible cooling capacity. Providers that expand into these regions gain access to new revenue streams and long-term partnerships. This opportunity strengthens the market’s global footprint.

Growing Demand for Sustainable and Customized Solutions

Sustainability trends open new growth avenues for rental providers offering eco-friendly and water-efficient cooling towers. Customers increasingly seek solutions that meet environmental standards while reducing operational costs. It supports the development of hybrid and modular designs that adapt to diverse applications across industries. Customization opportunities exist in data centers, renewable energy plants, and seasonal industries where cooling loads fluctuate. Providers offering specialized packages with energy-efficient designs stand to differentiate their services. This shift positions rental cooling as both an economical and sustainable choice for modern industries.

Market Segmentation Analysis:

By Application

The Cooling Tower Rental Market demonstrates diverse demand across industrial applications such as power generation, oil and gas, chemical processing, manufacturing, and construction. Power generation plants remain the largest users due to continuous thermal management needs during peak load or emergency outages. Oil refineries and petrochemical units prefer rentals for maintenance shutdowns, ensuring uninterrupted production. It also plays a critical role in construction and mining projects where temporary cooling infrastructure supports equipment efficiency and worker safety. Manufacturing sectors adopt rentals during seasonal production surges or unexpected breakdowns. The wide application base strengthens the resilience and adaptability of rental solutions.

  • For instance, Aggreko supplied temporary cooling solutions of over 30,000 tons of cooling capacity to support a U.S. Gulf Coast refinery during a planned turnaround, preventing interruptions in processing more than 500,000 barrels of crude oil per day.

By Type

Cooling tower rental solutions are segmented into wet, dry, and hybrid systems. Wet cooling towers dominate due to their high efficiency in heat dissipation across energy-intensive industries. Dry cooling towers serve customers in water-scarce regions where environmental regulations restrict water usage. Hybrid models are gaining traction for combining energy efficiency with reduced water consumption. It enables industries to balance performance with sustainability. The availability of multiple system types allows providers to address customer-specific requirements in diverse operating conditions. This segmentation highlights innovation in aligning rental offerings with evolving industry needs.

  • For instance, Tower Tech introduced modular hybrid cooling towers capable of reducing water use by up to 80 million gallons annually at a major U.S. data center, while maintaining cooling capacity of 10,000 tons to meet increasing thermal loads.

By End Use

End-use segmentation covers industries such as energy and power, oil and gas, manufacturing, data centers, and construction. The energy and power sector accounts for a significant share due to high reliance on cooling infrastructure for turbines and boilers. Oil and gas industries rely on rentals to manage downtime during upgrades or equipment failures. Manufacturing plants demand flexible cooling solutions to maintain productivity during peak cycles. Data centers emerge as a fast-growing end-use segment, driven by rising digitalization and the need for thermal stability in high-performance computing. It supports business continuity while avoiding investment in permanent assets. This varied end-user base ensures steady and diverse demand for rental cooling systems.

Segments:

Based on Application

  • Industrial
  • Commercial
  • Construction
  • HVAC
  • Power Generation

Based on Type

  • Open Circuit
  • Closed Circuit
  • Hybrid
  • Crossflow
  • Counterflow

Based on End Use

  • Temporary Cooling Solutions
  • Emergency Backup
  • Seasonal Cooling
  • Project-Based Cooling

Based on Cooling Medium

  • Water
  • Air
  • Refrigerant

Based on the Geography:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Belgium
    • Netherlands
    • Austria
    • Sweden
    • Poland
    • Denmark
    • Switzerland
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Thailand
    • Indonesia
    • Vietnam
    • Malaysia
    • Philippines
    • Taiwan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Chile
    • Colombia
    • Rest of Latin America
  • Middle East
    • UAE
    • KSA
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • Morocco
    • Rest of Africa

Regional Analysis

North America

North America holds a significant share of the Cooling Tower Rental Market, accounting for around 32% of the global market in 2024. Strong industrialization, advanced power generation infrastructure, and a well-established oil and gas industry support the demand for rental cooling solutions. The United States remains the dominant contributor, driven by large-scale refineries, petrochemical complexes, and data center expansion. It benefits from the widespread adoption of rental models during planned maintenance, plant upgrades, and emergency outages, where downtime directly impacts revenue. The region also experiences seasonal peaks in energy consumption, prompting utilities to rely on temporary cooling systems to stabilize operations. Canada contributes with ongoing infrastructure projects in mining and energy, creating further opportunities. The emphasis on efficiency and reliability ensures that rental providers in North America remain critical partners for industries managing operational flexibility.

Europe

Europe represents approximately 25% of the Cooling Tower Rental Market in 2024, supported by a strong manufacturing base and stringent environmental regulations. Germany, the United Kingdom, and France emerge as key contributors, with diverse industrial activities ranging from automotive and aerospace to chemicals and pharmaceuticals. Rental cooling solutions are increasingly preferred to address strict compliance requirements and energy efficiency targets across industries. It also benefits from Europe’s growing renewable energy sector, where wind and solar power facilities often require supplemental cooling during peak output. Seasonal variations, particularly during hotter summers in Southern Europe, intensify the need for flexible cooling capacity. Ongoing investments in construction, data centers, and large industrial projects further strengthen rental demand. Providers offering eco-friendly and water-efficient cooling systems are well positioned in this market due to its regulatory-driven landscape.

Asia-Pacific

Asia-Pacific captures the largest share, standing at nearly 34% of the Cooling Tower Rental Market in 2024, with rapid industrialization and infrastructure development serving as primary growth drivers. China and India dominate the regional market, supported by expanding manufacturing sectors, energy generation facilities, and large-scale construction projects. It is further driven by the exponential growth of data centers in countries like Singapore, South Korea, and Japan, where demand for cooling solutions continues to rise with digital transformation. Industrial plants in the region favor rental models to manage high capital expenditure and unpredictable operational demands. Seasonal demand fluctuations due to extreme temperatures in tropical and subtropical climates increase reliance on temporary cooling systems. Providers that offer modular and scalable rental solutions experience strong adoption across emerging economies. The region’s continued focus on economic growth and industrial expansion secures Asia-Pacific’s leadership position.

Latin America

Latin America accounts for nearly 6% of the Cooling Tower Rental Market in 2024, with growth concentrated in Brazil, Mexico, and Argentina. Industrial sectors such as oil and gas, mining, and power generation remain the primary drivers of demand. It is supported by expanding infrastructure development, where temporary cooling solutions are preferred for cost-effectiveness. Rental demand is also linked to high seasonal variations in temperature, especially in tropical zones, where temporary cooling supports industrial productivity. Limited capital budgets in several industries encourage the adoption of rental over permanent installations. Providers that offer flexible rental terms and quick deployment services find favorable opportunities in the region. Although the overall share is smaller compared to major global markets, steady growth is anticipated as infrastructure projects and energy demand expand.

Middle East & Africa

The Middle East & Africa region holds around 3% of the Cooling Tower Rental Market in 2024, with increasing opportunities across oil-rich economies and emerging African nations. The Middle East, led by Saudi Arabia, the UAE, and Qatar, shows strong reliance on cooling systems for oil refineries, petrochemical plants, and large infrastructure projects. It benefits from the hot climate, where industries depend heavily on effective thermal management. Africa contributes through mining, power generation, and construction projects in South Africa and Nigeria, where rental cooling provides operational flexibility. Adoption is limited by budgetary constraints and infrastructure gaps, but ongoing investments in energy and industrial sectors create growth opportunities. Providers that focus on energy-efficient and portable solutions find increasing acceptance in this region. It represents a smaller share but carries long-term potential due to rising industrialization and urban development.

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Key Player Analysis

  • Rentovation
  • Viking Cooling Towers
  • Aggreko
  • Tower Tech
  • Tropicool
  • Sunbelt Rentals
  • ThermoGuard
  • Cooling Tower Depot
  • K Cooling Towers
  • Gulf Coast Environmental Systems

Competitive Analysis

The Cooling Tower Rental Market features a competitive landscape defined by global leaders and specialized regional providers that focus on scalability, technology, and service efficiency. Major players include Aggreko, Sunbelt Rentals, Cooling Tower Depot, Tower Tech, Rentovation, Gulf Coast Environmental Systems, Viking Cooling Towers, Tropicool, ThermoGuard, and K Cooling Towers. Aggreko maintains strong leadership through its extensive rental fleet and international presence, offering rapid deployment across diverse industries. Sunbelt Rentals strengthens its position with broad service coverage in North America, focusing on reliability and fast response to customer needs. Cooling Tower Depot specializes in modular and customized rental solutions, addressing industry-specific requirements with flexibility. Tower Tech emphasizes sustainable and innovative designs, providing hybrid and energy-efficient cooling systems that align with environmental regulations. Emerging players such as Rentovation, Viking Cooling Towers, and Tropicool expand opportunities by catering to niche markets and localized demand. Gulf Coast Environmental Systems and ThermoGuard differentiate with engineering-driven solutions and tailored services for petrochemical and energy sectors. K Cooling Towers adds competitiveness through specialized offerings in large-scale industrial cooling. Collectively, these players compete through fleet expansion, technological advancements, and strong after-service support, ensuring reliable operations for industries facing rising demand for temporary cooling solutions.

Recent Developments

  • In June 2025, Tower Tech launched its ServiceShield™ program, which is included with every modular cooling tower purchase. This program aims to maximize the performance of these towers by offering a package of benefits according to Tower Tech.
  • In June 2025, Sunbelt Rentals completed a nationwide LED lighting program that upgraded nearly 425 locations across the U.S. This initiative underscores the company’s dedication to both sustainability and enhanced operational efficiency.
  • In February 2024, Aggreko received U.S. Patent 11,844,541 B2, covering a novel space-saving and rapid-install containerized cooling tower—designed to shorten installation time, enhance worker safety, and apply evaporative cooling in an ISO‑compliant shipping container frame.

Market Concentration & Characteristics

The Cooling Tower Rental Market reflects a moderately concentrated structure with the presence of established global leaders and several regional providers catering to niche demand. Large players such as Aggreko, Sunbelt Rentals, and Cooling Tower Depot maintain competitive strength through extensive rental fleets, modular product designs, and strong service networks, while regional companies focus on customized offerings and quick deployment capabilities. It is characterized by high service intensity, where providers differentiate through rapid response, maintenance support, and tailored rental packages aligned with customer requirements. The market shows strong demand from industries with fluctuating cooling needs, including power generation, petrochemicals, data centers, and construction. Sustainability and regulatory compliance influence product design, with hybrid and water-efficient systems gaining preference. It also reflects a customer shift toward short-term and flexible agreements, driven by cost optimization and project-specific demand. Overall, the market combines global competitiveness with local adaptability, ensuring continued growth and innovation.

Report Coverage

The research report offers an in-depth analysis based on Application, Type, End Use, Cooling Medium and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The market will expand steadily with rising demand from industries seeking flexible cooling solutions during outages and peak operations.
  2. Sustainability will remain central, with growing adoption of water-efficient and eco-friendly cooling tower rentals.
  3. Digital monitoring and IoT integration will strengthen predictive maintenance and operational efficiency.
  4. Data centers will drive strong demand due to increasing computational loads and thermal management requirements.
  5. Renewable energy projects will emerge as a key growth driver, requiring supplemental cooling capacity during variable operations.
  6. Providers will focus on modular and scalable designs to meet diverse application needs across regions.
  7. Seasonal and short-term rentals will gain popularity in areas with extreme climate variations and cyclical industrial demand.
  8. Competition will intensify as global leaders expand fleets and regional providers strengthen niche offerings.
  9. Regulatory pressures will push innovation in emission control and water conservation technologies.
  10. Emerging economies will create new opportunities with rapid industrialization and infrastructure development fueling adoption.

1. Introduction
1.1. Report Description
1.2. Purpose of the Report
1.3. USP & Key Offerings
1.4. Key Benefits for Stakeholders
1.5. Target Audience
1.6. Report Scope
1.7. Regional Scope

2. Scope and Methodology
2.1. Objectives of the Study
2.2. Stakeholders
2.3. Data Sources
2.3.1. Primary Sources
2.3.2. Secondary Sources
2.4. Market Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
2.5. Forecasting Methodology

3. Executive Summary

4. Introduction
4.1. Overview
4.2. Key Industry Trends

5. Global Cooling Tower Rental Market
5.1. Market Overview
5.2. Market Performance
5.3. Impact of COVID-19
5.4. Market Forecast

6. Market Breakup by Application
6.1. Industrial
6.1.1. Market Trends
6.1.2. Market Forecast
6.1.3. Revenue Share
6.1.4. Revenue Growth Opportunity
6.2. Commercial
6.2.1. Market Trends
6.2.2. Market Forecast
6.2.3. Revenue Share
6.2.4. Revenue Growth Opportunity
6.3. Construction
6.3.1. Market Trends
6.3.2. Market Forecast
6.3.3. Revenue Share
6.3.4. Revenue Growth Opportunity
6.4. HVAC
6.4.1. Market Trends
6.4.2. Market Forecast
6.4.3. Revenue Share
6.4.4. Revenue Growth Opportunity
6.5. Power Generation
6.5.1. Market Trends
6.5.2. Market Forecast
6.5.3. Revenue Share
6.5.4. Revenue Growth Opportunity

7. Market Breakup by Type
7.1. Open Circuit
7.1.1. Market Trends
7.1.2. Market Forecast
7.1.3. Revenue Share
7.1.4. Revenue Growth Opportunity
7.2. Closed Circuit
7.2.1. Market Trends
7.2.2. Market Forecast
7.2.3. Revenue Share
7.2.4. Revenue Growth Opportunity
7.3. Hybrid
7.3.1. Market Trends
7.3.2. Market Forecast
7.3.3. Revenue Share
7.3.4. Revenue Growth Opportunity
7.4. Crossflow
7.4.1. Market Trends
7.4.2. Market Forecast
7.4.3. Revenue Share
7.4.4. Revenue Growth Opportunity
7.5. Counterflow
7.5.1. Market Trends
7.5.2. Market Forecast
7.5.3. Revenue Share
7.5.4. Revenue Growth Opportunity

8. Market Breakup by End Use
8.1. Temporary Cooling Solutions
8.1.1. Market Trends
8.1.2. Market Forecast
8.1.3. Revenue Share
8.1.4. Revenue Growth Opportunity
8.2. Emergency Backup
8.2.1. Market Trends
8.2.2. Market Forecast
8.2.3. Revenue Share
8.2.4. Revenue Growth Opportunity
8.3. Seasonal Cooling
8.3.1. Market Trends
8.3.2. Market Forecast
8.3.3. Revenue Share
8.3.4. Revenue Growth Opportunity
8.4. Project-Based Cooling
8.4.1. Market Trends
8.4.2. Market Forecast
8.4.3. Revenue Share
8.4.4. Revenue Growth Opportunity

9. Market Breakup by Cooling Medium
9.1. Water
9.1.1. Market Trends
9.1.2. Market Forecast
9.1.3. Revenue Share
9.1.4. Revenue Growth Opportunity
9.2. Air
9.2.1. Market Trends
9.2.2. Market Forecast
9.2.3. Revenue Share
9.2.4. Revenue Growth Opportunity
9.3. Refrigerant
9.3.1. Market Trends
9.3.2. Market Forecast
9.3.3. Revenue Share
9.3.4. Revenue Growth Opportunity

10. Market Breakup by Region
10.1. North America
10.1.1. United States
10.1.1.1. Market Trends
10.1.1.2. Market Forecast
10.1.2. Canada
10.1.2.1. Market Trends
10.1.2.2. Market Forecast
10.2. Asia-Pacific
10.2.1. China
10.2.2. Japan
10.2.3. India
10.2.4. South Korea
10.2.5. Australia
10.2.6. Indonesia
10.2.7. Others
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. United Kingdom
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Others
10.4. Latin America
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Others
10.5. Middle East and Africa
10.5.1. Market Trends
10.5.2. Market Breakup by Country
10.5.3. Market Forecast

11. SWOT Analysis
11.1. Overview
11.2. Strengths
11.3. Weaknesses
11.4. Opportunities
11.5. Threats

12. Value Chain Analysis

13. Porters Five Forces Analysis
13.1. Overview
13.2. Bargaining Power of Buyers
13.3. Bargaining Power of Suppliers
13.4. Degree of Competition
13.5. Threat of New Entrants
13.6. Threat of Substitutes

14. Price Analysis

15. Competitive Landscape
15.1. Market Structure
15.2. Key Players
15.3. Profiles of Key Players
15.3.1. Rentovation
15.3.1.1. Company Overview
15.3.1.2. Product Portfolio
15.3.1.3. Financials
15.3.1.4. SWOT Analysis
15.3.2. Viking Cooling Towers
15.3.2.1. Company Overview
15.3.2.2. Product Portfolio
15.3.2.3. Financials
15.3.2.4. SWOT Analysis
15.3.3. Aggreko
15.3.3.1. Company Overview
15.3.3.2. Product Portfolio
15.3.3.3. Financials
15.3.3.4. SWOT Analysis
15.3.4. Tower Tech
15.3.4.1. Company Overview
15.3.4.2. Product Portfolio
15.3.4.3. Financials
15.3.4.4. SWOT Analysis
15.3.5. Tropicool
15.3.5.1. Company Overview
15.3.5.2. Product Portfolio
15.3.5.3. Financials
15.3.5.4. SWOT Analysis
15.3.6. Sunbelt Rentals
15.3.6.1. Company Overview
15.3.6.2. Product Portfolio
15.3.6.3. Financials
15.3.6.4. SWOT Analysis
15.3.7. ThermoGuard
15.3.7.1. Company Overview
15.3.7.2. Product Portfolio
15.3.7.3. Financials
15.3.7.4. SWOT Analysis
15.3.8. Cooling Tower Depot
15.3.8.1. Company Overview
15.3.8.2. Product Portfolio
15.3.8.3. Financials
15.3.8.4. SWOT Analysis
15.3.9. K Cooling Towers
15.3.9.1. Company Overview
15.3.9.2. Product Portfolio
15.3.9.3. Financials
15.3.9.4. SWOT Analysis
15.3.10. Gulf Coast Environmental Systems
15.3.10.1. Company Overview
15.3.10.2. Product Portfolio
15.3.10.3. Financials
15.3.10.4. SWOT Analysis

16. Research Methodology

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Frequently Asked Questions

What is the current market size for Cooling Tower Rental, and what is its projected size in 2032?

The Cooling Tower Rental Market was valued at USD 1,057.1 million in 2024 and is projected to reach USD 1,913.6 million by 2032.

At what Compound Annual Growth Rate is the Cooling Tower Rental market projected to grow between 2025 and 2032?

The market is projected to grow at a CAGR of 7.7% during 2025–2032.

Which Cooling Tower Rental market segment held the largest share in 2024?

The power generation segment held the largest share in 2024.

What are the primary factors fueling the growth of the Cooling Tower Rental market?

Rising industrial demand, need for temporary cooling during outages, cost optimization, and sustainability requirements fuel growth.

Who are the leading companies in the Cooling Tower Rental market?

Key players include Aggreko, Sunbelt Rentals, Cooling Tower Depot, Tower Tech, Rentovation, and Viking Cooling Towers.

Which region commanded the largest share of the Cooling Tower Rental market in 2024?

Asia-Pacific commanded the largest share in 2024, supported by rapid industrialization and infrastructure expansion.

About Author

Sushant Phapale

Sushant Phapale

ICT & Automation Expert

Sushant is an expert in ICT, automation, and electronics with a passion for innovation and market trends.

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Commercial Cooling Meters Market

The Commercial cooling meters market size was valued at USD 910.3 million in 2024 and is anticipated to reach USD 1407.6 million by 2032, at a CAGR of 5.6 % during the forecast period (2024-2032).

Data Center Immersion Cooling Market

The Data Center Immersion Cooling market size was valued at USD 691.01 million in 2018, increased to USD 1,487.18 million in 2024, and is anticipated to reach USD 6,447.73 million by 2032, at a CAGR of 18.77% during the forecast period.

Engine Cooling System Market

The Engine Cooling System Market is projected to grow from USD 34,350 million in 2024 to an estimated USD 51,373 million by 2032, with a compound annual growth rate (CAGR) of 5.16% from 2024 to 2032.

North America Data Center Liquid Cooling Market

The North America Data Center Liquid Cooling Market is projected to grow from USD 1409.8 million in 2024 to an estimated USD 8151.5 million by 2032, with a compound annual growth rate (CAGR) of 24.53% from 2024 to 2032.

Japan Data Center Liquid Cooling Market

The Japan Data Center Liquid Cooling Market is projected to grow from USD 247.57 million in 2024 to an estimated USD 1480.25 million by 2032, with a compound annual growth rate (CAGR) of 25.05% from 2024 to 2032.

India Data Center Liquid Cooling Market

The India Data Center Liquid Cooling Market is projected to grow from USD 118.06 million in 2024 to an estimated USD 800.83 million by 2032, with a compound annual growth rate (CAGR) of 27.04% from 2024 to 2032.

France Data Center Liquid Cooling Market

The France Data Center Liquid Cooling Market is projected to grow from USD 148.38 million in 2024 to an estimated USD 845.93 million by 2032, with a compound annual growth rate (CAGR) of 24.31% from 2024 to 2032.

Europe Data Center Liquid Cooling Market

The Europe Data Center Liquid Cooling Market is projected to grow from USD 1058.31 million in 2024 to an estimated USD 5817.66 million by 2032, with a compound annual growth rate (CAGR) of 23.74% from 2024 to 2032.

China Data Center Liquid Cooling Market

The China Data Center Liquid Cooling Market is projected to grow from USD 497.62 million in 2024 to an estimated USD 3349.75 million by 2032, with a compound annual growth rate (CAGR) of 26.92% from 2024 to 2032.

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