Field-Erected Cooling Tower Market Research Report – Forecast to 2030

Field-Erected Cooling Tower Market Type (Wet, Dry, Hybrid), Design (Natural Draft, Forced Draft, Induced Draft), End-User (Power Generation, Petrochemicals & Oil & Gas, Iron & Steel & Metallurgy, Paper Mills) - till 2030

ID: MRFR/E&P/4415-HCR | February 2021 | Region: Global | 100 pages

Field-erected Cooling Tower Market Scenario


Field-erected cooling tower market is estimated to grow at ~ 4.5% CAGR during the forecast period.


Global Field-Erected Cooling Tower Market


The global field-erected cooling tower market is expected to witness a phenomenal growth during the forecast period. The considerable growth in the power sector with population boom, along with rise in energy demand has propelled the field-erected cooling tower market in various regions. The growth is primarily credited to upgrades in utility infrastructure, growing investments in industrial sector, and related government regulations in various countries, which is likely to continue during the forecast period. The Asia Pacific region is expected to grow at the highest CAGR from 2017 to 2022, wherein China was the largest country-level market in 2016, followed by India and Japan. Upsurge in population with tremendous energy demand growth has resulted into a phenomenal growth for industrial infrastructure in the region and consequently resulted in growth of the field-erected cooling tower market.


Key Players


The key players of global field-erected cooling tower market are SPX Cooling Technologies, Inc. (U.S.), ENEXIO Management GmbH (Germany), Hamon & Cie (International) SA (Belgium), Baltimore Aircoil Company, Inc. (U.S.), Paharpur Cooling Towers Ltd. (India), Babcock & Wilcox Enterprises, Inc. (U.S.), Brentwood Industries, Inc. (U.S.), Delta Cooling Towers P. Ltd. (India), Evapco, Inc. (U.S.), International Cooling Tower Inc. (U.S.), Mesan (U.S.), Evaptech, Inc. (U.S.), Composite Cooling Solutions, L.P. (U.S), Cycro, inc. (U.S.), and STAR Cooling Towers (U.S.).


A cooling tower is designed to extract heat from the working fluid, mostly water, to the atmosphere, and often through evaporative cooling phenomenon. Hence, the cooling tower is also termed as a heat rejection device, which propagates heat to the surroundings through the cooling of water stream to room temperature for reprocessing and revitalizing its properties and quality. The cooling tower finds its most common application in power generation, petrochemicals & oil & gas, iron & steel & metallurgy, paper mills, and other industries.


The field-erected cooling tower is specially designed for its broader application in large extent capacity of heat rejection systems, such as power plants, steel processing plants, and petrochemical plants. Field-erected cooling towers are larger in size as compared to the conventional package type cooling tower. A normal field-erected cooling tower consists of pultruded structural components utilized throughout the cooling tower, which produces an engineered framework of unsurpassed quality, reliability, and safety. Structural pultrusion is approximately of the same strength of steel in tension and compression for a field-erected cooling tower. Fiberglass is implemented as it is impervious to a broad range of corrosive materials, immune to deterioration for the field-erected cooling tower.


Market Segmentation


 field-erected cooling tower


Global field-erected cooling tower market has been segmented based on type, design, end-user, and region. Based on type, the market is segmented into wet, dry, and hybrid. Among these, the wet type is projected to dominate the field-erected cooling tower market unttil 2023. Wet type cooling towers are highly favored due to easy accessibility of water as well as the high effectiveness of cooling in thermal and nuclear power plants. The advantages of a wet type cooling tower majorly consist of no requirement of mechanical or electrical components, large water loading capability, and negligible maintenance cost. Based on design, the market is segmented into natural draft, forced draft, and induced draft. Induced draft segment dominated the market in 2016 and is projected to be the fastest-growing design segment. Induced draft cooling tower has a centrally positioned fan at the top, which disperses hot air from the tower to the surrounding atmosphere. The foremost advantage of induced draft towers is that the airflow remains practically constant irrespective of the ambient atmospheric temperature. Based on the end-user, the market is segmented into power generation, petrochemicals & oil & gas, iron & steel & metallurgy, paper mills, and others. Power generation industry dominated the market in 2016 and is projected to be the fastest-growing end-user segment over the next five years. Power plants highly utilize steam to run the turbines for the generation of energy. The steam that flows through the turbine needs to be cooled for reutilization in the process to generate more electricity. Hence, a cooling tower is required to cool the water, which gets heated up during energy production.


The field-erected cooling tower market is anticipated to have a vast number of developments over the forecast period, owing to incessant technological advancements in energy sector coupled with growing power demand. The market is likely to have high expansion activities by multinational and well-established firms. Mergers and acquisitions are expected to be seen during the forecast period with several contracts and agreements between top EPC and governments across the globe.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   4.5% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Design, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   SPX Cooling Technologies, Inc. (U.S.), ENEXIO Management GmbH (Germany), Hamon & Cie (International) SA (Belgium), Baltimore Aircoil Company, Inc. (U.S.), Paharpur Cooling Towers Ltd. (India), Babcock & Wilcox Enterprises, Inc. (U.S.), Brentwood Industries, Inc. (U.S.), Delta Cooling Towers P. Ltd. (India), Evapco, Inc. (U.S.), International Cooling Tower Inc. (U.S.), Mesan (U.S.), Evaptech, Inc. (U.S.), Composite Cooling Solutions, L.P. (U.S), Cycro, inc. (U.S.), and STAR Cooling Towers (U.S.)
  Key Market Opportunities   Incessant technological advancements
  Key Market Drivers

  • Utility infrastructure
  • Growing investments in industrial sector


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    Frequently Asked Questions (FAQ) :


    Type, design, end-user are the segments of the market.

    The market recorded ~ 4.5% CAGR.

    The Asia Pacific region will grow at the highest CAGR from 2017 to 2022.

    Inc. (U.S.), ENEXIO Management GmbH (Germany), SPX Cooling Technologies, Baltimore Aircoil Company, Inc. (U.S.), Hamon & Cie (International) SA (Belgium), are the key players of the market.

    2017 to 2022 is the growth period of the market.

    TABLE OF CONTENT

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Definition

    2.2.2 Research Objective

    2.2.3 Assumptions

    2.2.4 Limitations

    2.3 Research Process

    2.3.1 Primary Research

    2.3.2 Secondary Research

    2.4 Market Size Estimation

    2.5 Forecast Model

    3 Market Landscape

    3.1 Porter’s Five Forces Analysis

    3.1.1 Threat of New Entrants

    3.1.2 Bargaining Power of Buyers

    3.1.3 Bargaining Power of Suppliers

    3.1.4 Threat of Substitutes

    3.1.5 Segment Rivalry

    3.2 Value Chain/Supply Chain Analysis

    4 Market Dynamics

    4.1 Introduction

    4.2 Market Drivers

    4.3 Market Restraints

    4.4 Market Opportunities

    4.5 Market Trends

    5 Global Field-Erected Cooling Tower Market by Type

    5.1 Introduction

    5.2 Wet

    5.2.1 Market Estimates & Forecast, 2020-2027

    5.2.2 Market Estimates & Forecast by Region, 2020-2027

    5.3 Dry

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    5.4 Hybrid

    5.4.1 Market Estimates & Forecast, 2020-2027

    5.4.2 Market Estimates & Forecast by Region, 2020-2027

    6 Global Field-Erected Cooling Tower Market, By Design

    6.1 Introduction

    6.2 Natural Draft

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast by Region, 2020-2027

    6.3 Forced Draft

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast by Region, 2020-2027

    6.4 Induced Draft

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.4.2 Market Estimates & Forecast by Region, 2020-2027

    7 Global Field-Erected Cooling Tower Market, By End-User

    7.1 Introduction

    7.2 Power Generation

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Petrochemicals & Oil & Gas

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Iron & Steel & Metallurgy

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    7.5 Paper Mills

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast by Region, 2020-2027

    7.6 Others

    7.6.1 Market Estimates & Forecast, 2020-2027

    7.6.2 Market Estimates & Forecast by Region, 2020-2027

    8 Global Field-Erected Cooling Tower Market, By Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Type , 2020-2027

    8.2.3 Market Estimates & Forecast by Design, 2020-2027

    8.2.4 Market Estimates & Forecast by End-User, 2020-2027

    8.2.5 U.S.

    8.2.5.1 Market Estimates & Forecast, 2020-2027

    8.2.5.2 Market Estimates & Forecast by Type , 2020-2027

    8.2.5.3 Market Estimates & Forecast by Design, 2020-2027

    8.2.5.4 Market Estimates & Forecast by End-User, 2020-2027

    8.2.6 Canada

    8.2.6.1 Market Estimates & Forecast, 2020-2027

    8.2.6.2 Market Estimates & Forecast by Type , 2020-2027

    8.2.6.3 Market Estimates & Forecast by Design, 2020-2027

    8.2.6.4 Market Estimates & Forecast by End-User, 2020-2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Type , 2020-2027

    8.3.3 Market Estimates & Forecast by Design, 2020-2027

    8.3.4 Market Estimates & Forecast by End-User, 2020-2027

    8.3.5 U.K

    8.3.5.1 Market Estimates & Forecast, 2020-2027

    8.3.5.2 Market Estimates & Forecast by Type , 2020-2027

    8.3.5.3 Market Estimates & Forecast by Design, 2020-2027

    8.3.5.4 Market Estimates & Forecast by End-User, 2020-2027

    8.3.6 Germany

    8.3.6.1 Market Estimates & Forecast, 2020-2027

    8.3.6.2 Market Estimates & Forecast by Type , 2020-2027

    8.3.6.3 Market Estimates & Forecast by Design, 2020-2027

    8.3.6.4 Market Estimates & Forecast by End-User, 2020-2027

    8.3.7 France

    8.3.7.1 Market Estimates & Forecast, 2020-2027

    8.3.7.2 Market Estimates & Forecast by Type , 2020-2027

    8.3.7.3 Market Estimates & Forecast by Design, 2020-2027

    8.3.7.4 Market Estimates & Forecast by End-User, 2020-2027

    8.3.8 Spain

    8.3.8.1 Market Estimates & Forecast, 2020-2027

    8.3.8.2 Market Estimates & Forecast by Type , 2020-2027

    8.3.8.3 Market Estimates & Forecast by Design, 2020-2027

    8.3.8.4 Market Estimates & Forecast by End-User, 2020-2027

    8.3.9 Rest of Europe

    8.3.9.1 Market Estimates & Forecast, 2020-2027

    8.3.9.2 Market Estimates & Forecast by Type , 2020-2027

    8.3.9.3 Market Estimates & Forecast by Design, 2020-2027

    8.3.9.4 Market Estimates & Forecast by End-User, 2020-2027

    8.4 Asia Pacific

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Type , 2020-2027

    8.4.3 Market Estimates & Forecast by Design, 2020-2027

    8.4.4 Market Estimates & Forecast by End-User, 2020-2027

    8.4.5 China

    8.4.5.1 Market Estimates & Forecast, 2020-2027

    8.4.5.2 Market Estimates & Forecast by Type , 2020-2027

    8.4.5.3 Market Estimates & Forecast by Design, 2020-2027

    8.4.5.4 Market Estimates & Forecast by End-User, 2020-2027

    8.4.6 Japan

    8.4.6.1 Market Estimates & Forecast, 2020-2027

    8.4.6.2 Market Estimates & Forecast by Type , 2020-2027

    8.4.6.3 Market Estimates & Forecast by Design, 2020-2027

    8.4.6.4 Market Estimates & Forecast by End-User, 2020-2027

    8.4.7 India

    8.4.7.1 Market Estimates & Forecast, 2020-2027

    8.4.7.2 Market Estimates & Forecast by Type , 2020-2027

    8.4.7.3 Market Estimates & Forecast by Design, 2020-2027

    8.4.7.4 Market Estimates & Forecast by End-User, 2020-2027

    8.4.8 Rest of Asia Pacific

    8.4.8.1 Market Estimates & Forecast, 2020-2027

    8.4.8.2 Market Estimates & Forecast by Type , 2020-2027

    8.4.8.3 Market Estimates & Forecast by Design, 2020-2027

    8.4.8.4 Market Estimates & Forecast by End-User, 2020-2027

    8.5 Rest of the World

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Type , 2020-2027

    8.5.3 Market Estimates & Forecast by Design, 2020-2027

    8.5.4 Market Estimates & Forecast by End-User, 2020-2027

    9 Competitive Landscape

    10 Company Profile

    10.1 SPX Cooling Technologies, Inc.

    10.1.1 Company Overview

    10.1.2 Designs/Services Offering

    10.1.3 Financial Overview

    10.1.4 Key Developments

    10.1.5 Strategy

    10.1.6 SWOT Analysis

    10.2 ENEXIO Management GmbH

    10.2.1 Company Overview

    10.2.2 Type/Services Offering

    10.2.3 Financial Overview

    10.2.4 Key Developments

    10.2.5 Strategy

    10.2.6 SWOT Analysis

    10.3 Hamon & Cie (International) SA

    10.3.1 Company Overview

    10.3.2 Designs /Services Offering

    10.3.3 Financial Overview

    10.3.4 Key Developments

    10.3.5 Strategy

    10.3.6 SWOT Analysis

    10.4 Baltimore Aircoil Company, Inc.

    10.4.1 Company Overview

    10.4.2 Designs /Services Offering

    10.4.3 Financial Overview

    10.4.4 Key Developments

    10.4.5 Strategy

    10.4.6 SWOT Analysis

    10.5 Paharpur Cooling Towers Ltd.

    10.5.1 Company Overview

    10.5.2 Designs /Services Offering

    10.5.3 Financial Overview

    10.5.4 Key Developments

    10.5.5 Strategy

    10.5.6 SWOT Analysis

    10.6 Babcock & Wilcox Enterprises, Inc.

    10.6.1 Company Overview

    10.6.2 Designs /Services Offering

    10.6.3 Financial Overview

    10.6.4 Key Developments

    10.6.5 Strategy

    10.6.6 SWOT Analysis

    10.7 Brentwood Industries, Inc.

    10.7.1 Company Overview

    10.7.2 Designs /Services Offering

    10.7.3 Financial Overview

    10.7.4 Key Developments

    10.7.5 Strategy

    10.7.6 SWOT Analysis

    10.8 Delta Cooling Towers P. Ltd.

    10.8.1 Company Overview

    10.8.2 Type s/Services Offering

    10.8.3 Financial Overview

    10.8.4 Key Developments

    10.8.5 Strategy

    10.8.6 SWOT Analysis

    10.9 Evapco, Inc.

    10.9.1 Company Overview

    10.9.2 Designs /Services Offering

    10.9.3 Financial Overview

    10.9.4 Key Developments

    10.9.5 Strategy

    10.9.6 SWOT Analysis

    10.10 International Cooling Tower Inc.

    10.10.1 Company Overview

    10.10.2 Designs /Services Offering

    10.10.3 Financial Overview

    10.10.4 Key Developments

    10.10.5 Strategy

    10.10.6 SWOT Analysis

    10.11 MESAN

    10.11.1 Company Overview

    10.11.2 Designs /Services Offering

    10.11.3 Financial Overview

    10.11.4 Key Developments

    10.11.5 Strategy

    10.11.6 SWOT Analysis

    10.12 Evaptech, Inc.

    10.12.1 Company Overview

    10.12.2 Type s/Services Offering

    10.12.3 Financial Overview

    10.12.4 Key Developments

    10.12.5 Strategy

    10.12.6 SWOT Analysis

    10.13 Composite Cooling Solutions, L.P.

    10.13.1 Company Overview

    10.13.2 Designs /Services Offering

    10.13.3 Financial Overview

    10.13.4 Key Developments

    10.13.5 Strategy

    10.13.6 SWOT Analysis

    10.14 Cycro, inc.

    10.14.1 Company Overview

    10.14.2 Designs /Services Offering

    10.14.3 Financial Overview

    10.14.4 Key Developments

    10.14.5 Strategy

    10.14.6 SWOT Analysis

    10.15 STAR Cooling Towers.

    10.15.1 Company Overview

    10.15.2 Designs /Services Offering

    10.15.3 Financial Overview

    10.15.4 Key Developments

    10.15.5 Strategy

    10.15.6 SWOT Analysis

    LIST OF TABLES

    Table 1 Global Field-Erected Cooling Tower Market: By Region, 2020-2027

    Table 2 North America Field-Erected Cooling Tower Market: By Country, 2020-2027

    Table 3 Europe Field-Erected Cooling Tower Market: By Country, 2020-2027

    Table 4 Asia-Pacific Field-Erected Cooling Tower Market: By Country, 2020-2027

    Table 5 RoW Field-Erected Cooling Tower Market: By Country, 2020-2027

    Table 6 Global Field-Erected Cooling Tower Market by Type , By Regions, 2020-2027

    Table 7 North America Field-Erected Cooling Tower Market by Type , By Country, 2020-2027

    Table 8 Europe Field-Erected Cooling Tower Market, by Type , By Country, 2020-2027

    Table 9 Asia-Pacific Field-Erected Cooling Tower Market by Type , By Country, 2020-2027

    Table 10 RoW Field-Erected Cooling Tower Market by Type , By Country, 2020-2027

    Table 11 Global Field-Erected Cooling Tower by Design: By Regions, 2020-2027

    Table 12 North America Field-Erected Cooling Tower Market by Design: By Country, 2020-2027

    Table 13 Europe Field-Erected Cooling Tower Market by Design: By Country, 2020-2027

    Table 14 Asia Pacific Field-Erected Cooling Tower Market by Design: By Country, 2020-2027

    Table 15 RoW Field-Erected Cooling Tower Market by Design: By Country, 2020-2027

    Table 16 Global Field-Erected Cooling Tower Market by End-User, By Regions, 2020-2027

    Table 17 North America Field-Erected Cooling Tower Market by End-User, By Country, 2020-2027

    Table 18 Europe Field-Erected Cooling Tower Market by End-User, By Country, 2020-2027

    Table 19 Asia Pacific Field-Erected Cooling Tower Market by End-User, By Country, 2020-2027

    Table 20 RoW Field-Erected Cooling Tower Market by End-User, By Country, 2020-2027

    Table 21 Global Type Market: By Region, 2020-2027

    Table 22 Global Design Market: By Region, 2020-2027

    Table 23 Global End-User Market: By Region, 2020-2027

    Table 24 North America Field-Erected Cooling Tower Market, By Country

    Table 25 North America Field-Erected Cooling Tower Market, By Type

    Table 26 North America Field-Erected Cooling Tower Market, By Design

    Table 27 North America Field-Erected Cooling Tower Market, By End-User

    Table 28 Europe: Field-Erected Cooling Tower Market, By Country

    Table 29 Europe: Field-Erected Cooling Tower Market, By Type

    Table 30 Europe: Field-Erected Cooling Tower Market, By Design

    Table 31 Europe: Field-Erected Cooling Tower Market, By End-User

    Table 32 Asia-Pacific: Field-Erected Cooling Tower Market, By Country

    Table 33 Asia-Pacific: Field-Erected Cooling Tower Market, By Type

    Table 34 Asia-Pacific: Field-Erected Cooling Tower Market, By Design

    Table 35 Asia-Pacific: Field-Erected Cooling Tower Market, By End-User

    Table 36 RoW: Field-Erected Cooling Tower Market, By Region

    Table 37 RoW Field-Erected Cooling Tower Market, By Type

    Table 38 RoW Field-Erected Cooling Tower Market, By Design

    Table 39 RoW Field-Erected Cooling Tower Market, By End-User

    LIST OF FIGURES

    FIGURE 1 RESEARCH PROCESS OF MRFR

    FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

    FIGURE 3 Market Dynamics

    FIGURE 4 impact analysis: market drivers

    FIGURE 5 impact analysis: market restraints

    FIGURE 6 porter’s five forces analysis

    FIGURE 7 Value chain analysis

    FIGURE 8 GLOBAL Field-Erected Cooling Tower MARKET SHARE, BY Raw Material, 2020 (%)

    FIGURE 9 GLOBAL Field-Erected Cooling Tower Market BY Type , 2020-2027 (USD MILLION)

    FIGURE 10 GLOBAL Field-Erected Cooling Tower MARKET SHARE, BY End-User, 2020 (%)

    FIGURE 11 GLOBAL Field-Erected Cooling Tower Market BY End-User, 2020-2027 (USD MILLION)

    FIGURE 12 GLOBAL Field-Erected Cooling Tower MARKET SHARE (%), BY REGION, 2020

    FIGURE 13 GLOBAL Field-Erected Cooling Tower Market BY REGION, 2020-2027 (USD MILLION)

    FIGURE 14 North America Field-Erected Cooling Tower MARKET SHARE (%), 2020

    FIGURE 15 North America Field-Erected Cooling Tower MARKET BY Country, 2020-2027 (USD MILLION)

    FIGURE 16 Europe Field-Erected Cooling Tower MARKET SHARE (%), 2020

    FIGURE 17 Europe Field-Erected Cooling Tower MARKET BY Country, 2020-2027 (USD MILLION)

    FIGURE 18 Asia-Pacific Field-Erected Cooling Tower Market SHARE (%), 2020

    FIGURE 19 Asia-Pacific Field-Erected Cooling Tower Market BY Country, 2020-2027 (USD MILLION)

    FIGURE 20 Rest of the World Field-Erected Cooling Tower MARKET SHARE (%), 2020

    FIGURE 21 Rest of the World Field-Erected Cooling Tower MARKET BY Country, 2020-2027 (USD MILLION)