Field-Erected Cooling Towers Market is valued at USD 1985.2 Million in 2018 and expected to reach USD 2632.6 Million by 2025 with the CAGR of 4.2% over the forecast period.
Increasing number of power plants and extended power generation capacities worldwide are the major factors driving the growth of Global Field-Erected Cooling Towers Market.
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Scope of Field-Erected Cooling Towers Market Report-
A cooling system is a a specialized device during which air and water are brought into direct contact with one another so as to scale back the water’s temperature. As per this, a little volume of water is evaporated, reducing the temperature of the water being circulated through the tower. Power plants implement closed cooling systems with the towers to affect water scarcity. The towers start the cooling process by reusing the water, making power plants economical and environment-friendly. There are basically three types of towers available such as; wet, dry and hybrid. Cooling towers has common applications such as cooling the circulating water used in thermal power stations, nuclear power stations and HVAC systems for cooling buildings, oil refineries, petrochemical and other chemical plants. It is also used in some coal-fired plants and to some extent in some large chemical and other industrial plants.
Global Field-Erected Cooling Towers Market is segmented on the basis of type, design, end-user and region & country level. Based upon type, field-erected cooling towers market is classified into wet, dry and hybrid. Based upon design, the market is classified into natural, forced and induced. Based upon end-user, field-erected cooling towers market is classified into power generation, petrochemical and oil & gas, iron & steel and metallurgy and paper mills.
The regions covered in this field-erected cooling towers market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of field-erected cooling towers is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players of Field-Erected Cooling Towers Market Report-
Field-erected cooling towers market report covers prominent players are Baltimore Aircoil Company Inc., Spig S.P.A., Evapco Inc., Hamon & CIE International SA, Star Cooling Towers, Babcock & Wilcox, SPX Corporation, Paharpur Cooling Towers Ltd., Delta Cooling Towers, Brentwood Industries, Inc., Enexio Management GmbH, Mesan Group, Benchmarking, Evapco, International Cooling Tower and others.
Global Field-Erected Cooling Towers Market Dynamics–
Increasing number of power plants and extended power generation capacities worldwide are some of the factors driving growth of global field-erected cooling towers market. As per IEA, Power sector emissions increased 2.6% in 2017 and a further 2.5% in 2018. In addition, an increasing number of natural gas-fired power plants and rise in construction of power plants for increasing power generation which operated with water, waste, biofuel, solar power and wind are also fostering the demand for cooling towers. According to U.S. Energy Information Administration, natural gas accounted for 34% of total electricity generation in 2018 and projected its share to grow to 40% by 2032 and then remain between 39% and 40% throughout 2050. Furthermore, growing industrial activities are also supplementing the market growth. However, stringent government rule & regulation, high cost in construction & maintenance and growing alternative energy programs may hamper the growth of field-erected cooling towers market. Moreover, increasing technological advancements in oil and gas industries as well as food industries can create opportunities for the further growth of the global field-erected cooling towers market.
Global Field-Erected Cooling Towers Market Regional Analysis–
North America is expected to dominate the global field-erected cooling tower market due to growing awareness regarding the benefits of cooling tower technology in this region. The Europe market is expected to show a significant growth due to increasing innovation in oil fields and industrial sectors. The regional oilfield service companies are focusing towards production to gain a competitive advantage over other industry participants and to maximize their revenues. According to International Renewable Energy Agency, The EU has adopted targets to achieve a 20% share of renewable energy in energy consumption by 2020, and 32% by 2030.
The Asia Pacific region was expected to witness a fastest growth in the global field-erected cooling tower market with the largest market during the forecast period. The rising population, urbanization, and industrialization, along with growing concerns related to infrastructure development generates the demand for electricity for industrial, transport and house hold purpose in China and India are some of the factors driving the market growth in this region. According to World Nuclear Association, Most of mainland China’s electricity is produced from fossil fuels, predominantly coal as 69% in 2019 and Wind and solar capacity was 21% of total installed generating capacity, but delivering fewer than 9% of the electricity. Besides, Governments in countries like India, China, and Japan are majorly focusing on installing power plants to compete the ever increasing electricity demand. In addition, According to World Nuclear Association, 26 GWe of new wind capacity and 31 GWe of solar PV were installed in china during 2019. As per International Energy Agency (IEA), Nuclear power investment edged up as new grid- connected plants grew threefold, 80% of them in China in 2018.
Key Benefits for Global Field-Erected Cooling Towers Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Field-Erected Cooling Towers Market Segmentation:–
Petrochemical and Oil & Gas
Iron & Steel and Metallurgy
By Regional & Country Analysis:
The Middle East and Africa
Rest of Middle East and Africa
Table of Content
1 Study Coverage
1.1 Field-Erected Cooling Towers Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Field-Erected Cooling Towers Market Size
2.1.1 Global Field-Erected Cooling Towers Revenue 2014-2025
2.1.2 Global Field-Erected Cooling Towers Production 2014-2025
2.2 Field-Erected Cooling Towers Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Field-Erected Cooling Towers Manufacturers
188.8.131.52 Field-Erected Cooling Towers Manufacturing Base Distribution, Headquarters
184.108.40.206 Manufacturers Field-Erected Cooling Towers Product Offered
220.127.116.11 Date of Manufacturers Enter into Field-Erected Cooling Towers Market
2.4 Key Trends for Field-Erected Cooling Towers Markets & Products
3 Market Size by Manufacturers
3.1 Field-Erected Cooling Towers Production by Manufacturers
3.1.1 Field-Erected Cooling Towers Production by Manufacturers
3.1.2 Field-Erected Cooling Towers Production Market Share by Manufacturers
3.2 Field-Erected Cooling Towers Revenue by Manufacturers
3.2.1 Field-Erected Cooling Towers Revenue by Manufacturers (2014-2019)
3.2.2 Field-Erected Cooling Towers Revenue Share by Manufacturers (2014-2019)
3.3 Field-Erected Cooling Towers Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Field-Erected Cooling Towers Production by Regions
4.1 Global Field-Erected Cooling Towers Production by Regions
4.1.1 Global Field-Erected Cooling Towers Production Market Share by Regions
4.1.2 Global Field-Erected Cooling Towers Revenue Market Share by Regions
4.2 North America
4.2.1 North America Field-Erected Cooling Towers Production
4.2.2 North America Field-Erected Cooling Towers Revenue
4.2.3 Key Players in North America
4.2.4 North America Field-Erected Cooling Towers Import & Export
4.3.1 Europe Field-Erected Cooling Towers Production
4.3.2 Europe Field-Erected Cooling Towers Revenue
4.3.3 Key Players in Europe
4.3.4 Europe Field-Erected Cooling Towers Import & Export
4.4.1 China Field-Erected Cooling Towers Production
4.4.2 China Field-Erected Cooling Towers Revenue
4.4.3 Key Players in China
4.4.4 China Field-Erected Cooling Towers Import & Export
4.5.1 Japan Field-Erected Cooling Towers Production
4.5.2 Japan Field-Erected Cooling Towers Revenue
4.5.3 Key Players in Japan
4.5.4 Japan Field-Erected Cooling Towers Import & Export
5 Field-Erected Cooling Towers Consumption by Regions
5.1 Global Field-Erected Cooling Towers Consumption by Regions
5.1.1 Global Field-Erected Cooling Towers Consumption by Regions
5.1.2 Global Field-Erected Cooling Towers Consumption Market Share by Regions
5.2 North America
5.2.1 North America Field-Erected Cooling Towers Consumption by Application
5.2.2 North America Field-Erected Cooling Towers Consumption by Countries
5.2.3 United States
5.3.1 Europe Field-Erected Cooling Towers Consumption by Application
5.3.2 Europe Field-Erected Cooling Towers Consumption by Countries
5.4 Asia Pacific
5.4.1 Asia Pacific Field-Erected Cooling Towers Consumption by Application
5.4.2 Asia Pacific Field-Erected Cooling Towers Consumption by Regions
5.4.5 South Korea
5.5 Central & South America
5.5.1 Central & South America Field-Erected Cooling Towers Consumption by Application
5.5.2 Central & South America Field-Erected Cooling Towers Consumption by Country
5.6 Middle East and Africa
5.6.1 Middle East and Africa Field-Erected Cooling Towers Consumption by Application
5.6.2 Middle East and Africa Field-Erected Cooling Towers Consumption by Countries
5.6.4 GCC Countries
5.6.6 South Africa
6 Market Size by Type
6.1 Global Field-Erected Cooling Towers Production by Type
6.2 Global Field-Erected Cooling Towers Revenue by Type
6.3 Field-Erected Cooling Towers Price by Type
7 Market Size by Application
7.2 Global Field-Erected Cooling Towers Breakdown Dada by Application
7.2.1 Global Field-Erected Cooling Towers Consumption by Application
7.2.2 Global Field-Erected Cooling Towers Consumption Market Share by Application (2014-2019)
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