Growth Factors of Field-Erected Cooling Tower Market
The global field-erected cooling tower market size was valued at USD 2.30 billion in 2023 and is projected tgrow tUSD 4.31 billion by 2032, exhibiting a CAGR of 5.25% during the forecast period of 2020-2032.
The pandemic impacted the Field-Erected Cooling Tower Market by inflicting delays in creation initiatives and supply chain disruptions, affecting the production and set up of cooling towers. However, the demand for cooling systems remained consistent because of the ongoing need for commercial and industrial cooling, especially in sectors like strength era and production, impeding the field-erected cooling tower market growth.
The Field-Erected Cooling Tower Market is pushed through the call for power-green cooling structures, environmental policies, and improvements in cooling tower technology. Industries like power technology and manufacturing seek dependable, cost-effective answers, boosting the marketplace.
The area-erected cooling tower market is experiencing a massive boom, pushed using developing calls from various industries, which includes strength era, petrochemicals, and manufacturing, leading texpansion of the field-erected cooling tower market share. Key developments encompass a strong cognizance of strength performance, improvements in substances and technological information tmore lengthy-lasting and corrosion-resistant cooling towers, and the combination of revolutionary generation for predictive upkeep and performance optimization.
Comprehensive Analysis of Field-Erected Cooling Tower Market
The Field-Erected Cooling Tower Market is segmented via kind, layout, and application. The marketplace is split intmoist and dry cooling towers in phrases of type. Wet cooling towers lead because of their higher operational performance, using water evaporation tcool the circulating water. By layout, prompted draft cooling towers are favored for their low strength consumption and advanced cooling performance, as they preserve most exposure tcirculating air. In phrases of software, the strength generation quarter dominates, driven by growing power calls, mainly from traditional sources like oil, coal, and petroleum.
The Asia Pacific region led the field-erected cooling tower market by benefitting a size of USD 0.72 billion in 2019 due tthe increased electricity demand and commercial activities within the area; it has ruled the worldwide market over time.
The leading players in the Field-Erected Cooling Tower Market play a crucial role in shaping its growth trajectory and establishing industry standards. These key players, including Paharpur Cooling Towers (India), Evapco, Inc. (United States), HAMON (France), SPX Cooling Technologies, Inc. (United States), Marley Flow Control Pty Ltd (Australia), WatcGroup PTE LTD (Singapore), Kelvion (United States), Chesapeake Systems, LLC (United States), Composite Cooling Solutions, L.P. (United States), Baltimore Aircoil Company (United States), and Brentwood Cooling Tower (United States), contribute significantly ta competitive landscape, fostering innovation and driving market advancements.
In July 2021, Baltimore Aircoil Company (BAC) has purchased the Italy-primarily based Eurocoil, improving its position in the international cooling market.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion)
Segmentation By Type
Dry
Wet
By Design
Natural Draft
Forced Draft
Induced Draft
By Application
HVAC
Power Generation
Oil & Gas
Others
By Geography
North America (The U.S. and Canada)
Europe (U.K., Germany, Italy, Russia, Spain, France, and Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia- Pacific)
Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
The Middle East & Africa (South Africa, Egypt, GCC, and Rest of the Middle East & Africa)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Analysis – Impact of COVID-19
- 5.1. Impact of COVID-19 on the Field-Erected Cooling Towers Market
- 5.2. Steps Taken by the Government to Overcome the Impact
- 5.3. Key Developments by the Industry Players in Response to COVID-19
- 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
- 6. Global Field-Erected Cooling Towers Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Dry
- 6.2.2. Wet
- 6.3. Market Analysis, Insights and Forecast – By Design
- 6.3.1. Natural Draft
- 6.3.2. Forced Draft
- 6.3.3. Induced Draft
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. HVAC
- 6.4.2. Power Generation
- 6.4.3. Oil & Gas
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Region
- 6.5.1. North America
- 6.5.2. Europe
- 6.5.3. Asia Pacific
- 6.5.4. Latin America
- 6.5.5. Middle East & Africa
- 7. North America Field-Erected Cooling Towers Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Dry
- 7.2.2. Wet
- 7.3. Market Analysis, Insights and Forecast – By Design
- 7.3.1. Natural Draft
- 7.3.2. Forced Draft
- 7.3.3. Induced Draft
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. HVAC
- 7.4.2. Power Generation
- 7.4.3. Oil & Gas
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. U.S.
- 7.5.2. Canada
- 8. Europe Field-Erected Cooling Towers Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Dry
- 8.2.2. Wet
- 8.3. Market Analysis, Insights and Forecast – By Design
- 8.3.1. Natural Draft
- 8.3.2. Forced Draft
- 8.3.3. Induced Draft
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. HVAC
- 8.4.2. Power Generation
- 8.4.3. Oil & Gas
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. Italy
- 8.5.4. Russia
- 8.5.5. Spain
- 8.5.6. France
- 8.5.7. Rest of Europe
- 9. Asia Pacific Field-Erected Cooling Towers Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Dry
- 9.2.2. Wet
- 9.3. Market Analysis, Insights and Forecast – By Design
- 9.3.1. Natural Draft
- 9.3.2. Forced Draft
- 9.3.3. Induced Draft
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. HVAC
- 9.4.2. Power Generation
- 9.4.3. Oil & Gas
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. South Korea
- 9.5.5. Rest of Asia Pacific
- 10. Latin America Field-Erected Cooling Towers Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Dry
- 10.2.2. Wet
- 10.3. Market Analysis, Insights and Forecast – By Design
- 10.3.1. Natural Draft
- 10.3.2. Forced Draft
- 10.3.3. Induced Draft
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. HVAC
- 10.4.2. Power Generation
- 10.4.3. Oil & Gas
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. Brazil
- 10.5.2. Mexico
- 10.5.3. Argentina
- 10.5.4. Rest of Latin America
- 11. Middle East & Africa Field-Erected Cooling Towers Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast – By Type
- 11.2.1. Dry
- 11.2.2. Wet
- 11.3. Market Analysis, Insights and Forecast – By Design
- 11.3.1. Natural Draft
- 11.3.2. Forced Draft
- 11.3.3. Induced Draft
- 11.4. Market Analysis, Insights and Forecast – By Application
- 11.4.1. HVAC
- 11.4.2. Power Generation
- 11.4.3. Oil & Gas
- 11.4.4. Others
- 11.5. Market Analysis, Insights and Forecast – By Country
- 11.5.1. South Africa
- 11.5.2. Egypt
- 11.5.3. GCC
- 11.5.4. Rest of Middle East & Africa
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, 2019
- 12.2. Company Profile
- 12.2.1. Paharpur Cooling Towers
- 12.2.1.1. Business Overview
- 12.2.1.2. Product & Service Offering
- 12.2.1.3. Overall Revenue
- 12.2.1.4. Recent Development
- 12.2.2. Evapco, Inc
- 12.2.2.1. Business Overview
- 12.2.2.2. Product & Service Offering
- 12.2.2.3. Overall Revenue
- 12.2.2.4. Recent Development
- 12.2.3. HAMON
- 12.2.3.1. Business Overview
- 12.2.3.2. Product & Service Offering
- 12.2.3.3. Overall Revenue
- 12.2.3.4. Recent Development
- 12.2.4. SPX Cooling Technologies, Inc.
- 12.2.4.1. Business Overview
- 12.2.4.2. Product & Service Offering
- 12.2.4.3. Overall Revenue
- 12.2.4.4. Recent Development
- 12.2.5. Marley Flow Control Pty Ltd
- 12.2.5.1. Business Overview
- 12.2.5.2. Product & Service Offering
- 12.2.5.3. Overall Revenue
- 12.2.5.4. Recent Development
- 12.2.6. Rain Stone LLC
- 12.2.6.1. Business Overview
- 12.2.6.2. Product & Service Offering
- 12.2.6.3. Overall Revenue
- 12.2.6.4. Recent Development
- 12.2.7. WATCO Group Ltd.
- 12.2.7.1. Business Overview
- 12.2.7.2. Product & Service Offering
- 12.2.7.3. Overall Revenue
- 12.2.7.4. Recent Development
- 12.2.8. Kelvion
- 12.2.8.1. Business Overview
- 12.2.8.2. Product & Service Offering
- 12.2.8.3. Overall Revenue
- 12.2.8.4. Recent Development
- 12.2.9. Chesapeake Systems, LLC
- 12.2.9.1. Business Overview
- 12.2.9.2. Product & Service Offering
- 12.2.9.3. Overall Revenue
- 12.2.9.4. Recent Development
- 12.2.10. Composite Cooling Solutions, L.P.
- 12.2.10.1. Business Overview
- 12.2.10.2. Product & Service Offering
- 12.2.10.3. Overall Revenue
- 12.2.10.4. Recent Development
- 12.2.11. Baltimore Aircoil Company
- 12.2.11.1. Business Overview
- 12.2.11.2. Product & Service Offering
- 12.2.11.3. Overall Revenue
- 12.2.11.4. Recent Development
- 12.2.12. Waterline Controls
- 12.2.12.1. Business Overview
- 12.2.12.2. Product & Service Offering
- 12.2.12.3. Overall Revenue
- 12.2.12.4. Recent Development
- 12.2.13. Brentwood Cooling Tower
- 12.2.13.1. Business Overview
- 12.2.13.2. Product & Service Offering
- 12.2.13.3. Overall Revenue
- 12.2.13.4. Recent Development "
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