MIDDLE EAST COOLING TOWER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2026 - 2033)

Middle East Cooling Tower Market and Forecast – 2026-2033

Coherent Market Insights estimates that the Middle East cooling tower market is expected to reach USD 635 Mn in 2026 and will expand to USD 855 Mn by 2033, registering a CAGR of 4.5% between 2026 and 2033.

Key Takeaways of the Middle East Cooling Tower Market

• The products segment is expected to account for 64% of the Middle East cooling tower market share in 2026.
• The manufacturing segment is projected to capture 34% of the cooling tower market share in 2026.

Currents Events and their Impact

Uncover macros and micros vetted on 75+ parameters: Get instant access to report

Segmental Insights

To learn more about this report, Download Free Sample

Why Does the Products Segment Dominate the Middle East Cooling Tower Market in 2026?

The products segment is expected to account for 64% of the Middle East cooling tower market share in 2026. Expansion stems largely from fast-paced industrial development along with a pressing requirement for cooling methods that save energy and last longer. As industries must release excess heat, cooling towers play a central role, their growing size and intricacy across the Middle East has heightened interest in upgraded models.

For instance, on August 7, 2025, Baltimore Aircoil Company, Inc. announced an exclusive worldwide licensing agreement with DUG Technology. This strategic partnership grants BAC exclusive rights to DUG's proven and patented immersion-cooling technology designed for high-density data centers.

(Source: baltimoreaircoil.com)

Manufacturing Segment Dominates the Middle East Cooling Tower Market

The manufacturing segment is expected to account for 34% of the Middle East cooling tower market share in 2026. This rise shows how essential proper heat control has become across industries. Driven largely by expanding industrial operations, from building large machines to assembling electronic devices, temperature precision remains vital for consistent output and reliability. With manufacturing at the forefront of the cooling tower industry, reliance on steady thermal regulation defines operational stability. As high temperatures emerge across multiple production stages, swift dissipation prevents equipment breakdowns while maintaining workplace safety.

Middle East Cooling Tower Market - Infrastructure & Mega-Project Hotspots

Uncover macros and micros vetted on 75+ parameters: Get instant access to report

Saudi Arabia Cooling Tower Market Analysis and Trends

Saudi Arabia is projected to lead the market with a 30% share in 2026. Ahead of others, Saudi Arabia hosts expansive oil refining and petrochemical operations. Driven by Vision 2030, economic diversification unfolds through extensive construction and modernized utilities, increasing need for high-performance cooling towers. Instead of generic options, firms like Alfanar, Voltas Limited, and SPX Cooling Technologies form regional alliances to deliver tailored responses to extreme climates and strict efficiency rules. Because power generation sites multiply alongside seawater conversion facilities, requirements for heat control persist steadily across sectors.

GCC Countries Cooling Tower Market Analysis and Trends

GCC countries is expected to exhibit the fastest growth in the market contributing 23% share in 2026. Despite arid climates, Gulf Cooperation Council nations lead the Middle East's cooling tower sector. Oil and gas processing, alongside power stations, drives consistent need for heat dissipation systems. Among them, Saudi Arabia and the U.A.E. maintain central roles, supported by dense networks of industrial activity. Instead of relying solely on imports, domestic capacity grew through partnerships with global players.

Firms like Voltas Limited - affiliated with India’s Tata Group - and Belgian-based, Hamon have established localized operations. Thermal efficiency standards now shape procurement, nudged forward by state-backed modernization plans. Desalination facilities, critical here, further amplify usage patterns across urban hubs.

Middle East Cooling Tower Market Outlook for Key Countries

Why is the U.A.E. Emerging as a Major Hub in the Middle East Cooling Tower Market?

Positioned as a center for trade and industry, the U.A.E. advances through substantial funding in property development, electricity production, and clean water systems. With focus shifting toward eco-friendly practices and intelligent urban planning - especially seen in Dubai and Abu Dhabi - there comes growing demand for advanced cooling solutions that save energy.

Firms such as Thermax, Baltimore Aircoil, and Heat Transfer Solutions operate widely here, introducing compact and combined-type cooling units suited to dense city environments. Further strengthening of local abilities comes through a streamlined distribution system that allows quick deployment alongside reliable assistance, which results in improved standing across nearby commercial areas.

Is Qatar the Next Growth Engine for the Middle East Cooling Tower Market?

A surge in natural gas production shaped recent progress across Qatar. Major international events followed, demanding upgrades to infrastructure. Power networks grew more robust as a result. Water delivery systems were restructured under similar pressures. Thermal control remains a key factor within high-demand processes where cooling towers perform essential roles. Driven by national directives on greener practices, modern cooling methods now follow ecological standards more closely. Equipment suppliers including SPX Cooling Technologies plus Hamon from Germany deliver advanced setups together with ongoing support, matching long-term industrial targets.

Jordan Cooling Tower Market Analysis and Trends

Progress in Jordan's cooling infrastructure follows a consistent upward path, linked to broader industrial expansion alongside greater power generation. With freshwater resources under strain, focus shifts to efficient thermal management solutions within energy operations. International collaboration plays a role - firms such as Baltimore Aircoil and Thermax lend knowledge, helping shift toward units that save both power and water.

Expertise among homegrown producers grows gradually under these alliances. Along regional trade corridors, location fuels steady growth, turning the country into a nexus where international movement guides structural planning. As procedures prioritizing speed emerge more often, they redefine methods of handling production and materials across sites. Although shifts happen gradually, intent stays fixed.

Oman Cooling Tower Market Analysis and Trends

Cooling tower demand rises as Oman strengthens industries like oil refining, petrochemicals, and power generation. Because of state-backed programs encouraging joint ventures between public and private entities, advanced methods emerge - methods built to lower expenses while improving performance. Firms including Hamon and Alfanar play a role by delivering full-project installations along with maintenance support suited to extreme local weather patterns. With greater attention now placed on conserving resources and cutting energy waste, newer cooling systems find more space within national plans. Market potential grows alongside these technological shifts driven by environmental priorities.

Market Players, Key Development, and Competitive Intelligence

To learn more about this report, Download Free Sample

Key Developments

• On February 11, 2026, Dubai Electricity and Water Authority announced it has acquired Dubai Holding's entire 24% stake in Emirates Central Cooling Systems for USD 1.41 billion, lifting its holding to 80%.
• On July 14, 2025, SPG Dry Cooling announced the opening of its new office in Dubai to serve the Middle East and Africa (MEA) region, expanding its global footprint to over 23 locations. The company aims to strengthen its presence across sectors such as power generation, gas, LNG, renewables, industrial facilities, and data centers.

Top Strategies Followed by Middle East Cooling Tower Market Players

• The shape of competition in the Middle East cooling tower market includes various firms using different methods to meet changing demands while aiming for greater presence. Dominant global companies lead through consistent funding of research efforts, resulting in advanced models that deliver strong output with less power use, aligning closely with tough ecological standards alongside user requirements.
• Average-scale firms across the Middle East’s cooling tower sector tend to focus on cost efficiency, aiming for fair trade-offs between performance and pricing. With attention directed toward economically cautious buyers - like SMEs or government-backed developments - these businesses prioritize dependable systems that remain within tighter financial limits.
• Some smaller firms across the Middle East target precise segments within the cooling tower sector, centering efforts on distinct innovations that major suppliers lack. While large providers stick to broad approaches, these entities build differentiation through uncommon design traits or advanced functionality. Their edge emerges not from size but from tailored engineering choices aligned closely with regional needs. Instead of competing directly, they position themselves around gaps left open by industry giants.

Market Report Scope

Middle East Cooling Tower Market Report Coverage

Middle East Cooling Tower Market Dynamics

To learn more about this report, Download Free Sample

Middle East Cooling Tower Market Driver - Ongoing Investments in Petrochemicals, Refining, LNG

With steady expansion in petrochemical, refining, and liquefied natural gas operations, the Middle East fuels persistent growth in cooling tower needs. Heat output from procedures like distillation, cracking, or gas liquefaction demands reliable temperature control methods across these sectors. As national programs and corporate investors keep allocating large funds to giant refineries, combined chemical sites, and LNG hubs, pressure builds for high-performance heat dissipation setups. Although often overlooked, thermal regulation becomes unavoidable under such industrial scaling.

For instance, on December 8, 2025, ExxonMobil, Aramco and Samref announced they have signed a Venture Framework Agreement (VFA) to evaluate a significant upgrade of the Samref refinery, in Yanbu, and an expansion of the facility into an integrated petrochemical complex.

(Source: corporate.exxonmobil.com)

Middle East Cooling Tower Market Opportunity - Growing Use of Hybrid and Plume-Abatement Towers

Despite rising demand, hybrid models stand out by merging wet and dry systems, this balance lifts performance without raising water use. When dry conditions limit evaporation in arid regions, efficiency improves noticeably. Across urban zones and industrial zones, less fog matters more each year. Plume-reducing models increasingly fill that need. Driven by stricter emissions standards, their adoption grows, especially where visibility affects communities nearby.

For instance, on December 2, 2025, John Cockerill announced the signing of a major contract with Elsewedy Electric Power Systems Projects and its partner POWERCHINA for the design and supply of two massive HAMON cooling towers for the Al Mourjan Rabigh 2 Power Plant Extension in Saudi Arabia.

(Source: johncockerill.com)

Analyst Opinion (Expert Opinion)

• Despite rising temperatures outdoors, demand grows steadily across the Middle East for cooling towers. Construction projects spread widely, while industries expand and power output increases, particularly in Saudi Arabia, the U.A.E., and Qatar. With heat intensifying regularly, reliance deepens on central cooling systems, environmental regulation mechanisms, and installations that process seawater.
• Facilities producing thermal energy, chemical operations, city developments, all depend on such equipment to handle surplus heat efficiently. Shaping what comes next are government-driven shifts in national economies, notably programs boosting factory output and large-scale urban builds throughout Saudi regions. Longevity and resistance to degradation under harsh climates now shape equipment selection more than before.
• Slowly, preference moves to cooling towers that save energy and water, along with hybrid models, as concern grows over nature and rules tighten on using water. With old systems needing updates, companies find space to grow through smarter controls and modern parts. Still, limited water supplies create strain - especially where weather makes upkeep costly, while local sellers fight over prices, squeezing profits. Despite these pressures, demand stays strong thanks to large-scale industry efforts, spending in electricity generation, and wider use of eco-friendly cooling methods throughout the area.

Market Segmentation

• Offering Insights (Revenue, USD Million, 2021 - 2033)
  • Products
  • Services
• Industry Insights (Revenue, USD Million, 2021 - 2033)
  • Manufacturing
  • Oil and Gas
  • Energy and Power
  • Food and Beverage
  • Maritime and Offshore
  • Others
• Key Players Insights
  • SPX Cooling Technologies
  • Baltimore Aircoil Company
  • EVAPCO Inc
  • GEA Group
  • John Cockerill
  • Thermax Limited
  • Daikin Applied
  • Tower Thermal
  • HCTC Cooling Equipment Trading Company
  • Delta Cooling Towers

Sources

Primary Research interviews

• Cooling tower manufacturers and suppliers
• HVAC contractors and system integrators
• Industrial facility managers and plant operators
• Regional distributors and dealers

Databases

• Global Trade Atlas
• Euromonitor International
• Middle East Business Intelligence (MEBI)

 Magazines

• HVAC&R Nation Middle East
• Middle East Construction News
• Process Cooling Magazine
• Industrial Water & Wastes Digest

Journals

• International Journal of Heat and Mass Transfer
• Applied Thermal Engineering
• Journal of Energy Engineering
• Building Services Engineering Research and Technology

Newspapers

• Gulf News Business
• Arab News Business
• The National UAE Business
• Trade Arabia
• Gulf Times Business

Associations

• Cooling Technology Institute (CTI)
• Middle East Solar Industry Association (MESIA)
• Gulf Organization for Industrial Consulting (GOIC)
• Emirates Green Building Council
• Saudi Green Building Council

Public Domain sources

• World Bank Open Data
• International Energy Agency (IEA) Reports
• UAE Ministry of Energy and Infrastructure
• Saudi Vision 2030 Documentation
• Qatar National Vision 2030

Proprietary Elements

• CMI Data Analytics Tool
• Proprietary CMI Existing Repository of information for last 8 years