Press release
What's driving the Field-Erected Cooling Towers Market Growth? Prominent Players: Paharpur Cooling Towers, Evapco, Inc, HAMON, SPX Cooling Technologies, Inc, Marley Flow Control Pty Ltd, Rain Stone LLC, WATCO Group ltd, Kelvion, Chesapeake Systems, LLC, C
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Key Players
• Paharpur Cooling Towers
• Evapco Inc
• HAMON
• SPX Cooling Technologies Inc
• Marley Flow Control Pty Ltd
• Rain Stone LLC
• WATCO Group ltd
• Kelvion
• Chesapeake Systems LLC
• Composite Cooling Solutions
• L.P.
• Baltimore Aircoil Company
• Waterline Controls
• Brentwood Cooling Tower
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Segmentation
1. By Design
• Natural Draft
• Forced Draft
• Induced Draft
2. By Type
• Dry
• Wet
3. By Application
• HVAC
• Power Generation
• Oil & Gas
• Others
4. By Geography
• North America (The USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea and Rest of Asia Pacific)
• Latin America (Argentina, Mexico, Brazil and Rest of Latin America)
• Middle East & Africa (GCC, Egypt, South Africa and Rest of the Middle East & Africa)
Fortune Business Insights has provided a comprehensive analysis in its report, titled “Field-Erected Cooling Tower Market Size, Share and Global Trend By Type (Wet, Dry, Hybrid), By Design (Natural Draft, Forced Draft, Induced Draft), By End-user (Power Generation, Petrochemical, Iron & Steel, Paper Mills, Others) and Geography Forecast Till 2026”. The report contains an in-depth evaluation of the factors that will chart the course of development of the market in the coming decade. The report also highlights the most promising regions and segments that will fuel the global field-erected cooling tower market revenue.
Cooling towers are viewed as “heat rejection” structures in that they throw out the waste heat into the atmosphere, lowering the temperature in a plant or factory using water. These towers are crucial for ensuring that plants do not overheat and explode and the safety of the workers and nearby areas is maintained. Field-erected cooling towers, with their larger size and capacity, are utilized by facilities such as petrochemical plants and nuclear power plants due to their greater heat rejection requirements.
Growing Preference for Clean and Alternative Energy Sources to Boost the Market
The global field-erected cooling tower market is poised for a robust growth period on account of increasing importance of sustainable development measures. Using nuclear energy for electricity production is gathering momentum. For example, the World Nuclear Association estimates that about 11% of the world’s electricity is generated from nuclear energy. Furthermore, according to a report by the International Atomic Energy Agency, by 2030, electricity generated through nuclear power will increase by 30% from the current capacity. The global field-erected cooling tower market stands to gain from these statistics as nuclear power plants require efficient and high capacity cooling towers.
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Environmental Concerns May Inhibit Market Growth
Cooling towers use water to regulate temperature in plants and factories. This waste water is then released into nearby water bodies, causing long-term pollution. For example, thermoelectric power plants are infamous for degrading water quality in the water bodies in their vicinity. This could be a serious roadblock for the global field-erected cooling tower market in the forecast period.
Greater Employment of Nuclear Energy for Electricity Generation to Propel the Market in North America
North America is anticipated to hold a sizeable chunk in the global field-erected cooling tower market share owing to rising electricity production through nuclear power. Rapid industrial development in India and China will put Asia-Pacific on the map. In Latin America, countries such as Venezuela and Brazil have increased their oil and gas production capacities which will significantly expand the global field-erected tower market size.
Innovation Opportunities Being Lapped Up by Market Players
Several key players are adopting different strategies to enlarge their share in the global field-erected cooling tower market revenue. The most favored strategy is researching and developing innovative products. For example, in April 2019, the Baltimore Aircoil Company launched the HXV Hybrid Cooler which is capable of evaporative and dry cooling, thereby saving water and being energy-efficient.
Table of Content
5. Global Field Erected Cooling Tower Market (US$ Mn) Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Dry
5.2.2. Wet
5.3. Market Analysis, Insights and Forecast – By Design
5.3.1. Natural Draft
5.3.2. Forced Draft
5.3.3. Induced Draft
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. HVAC
5.4.2. Power Generation
5.4.3. Oil & Gas
5.4.4. Others
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. Latin America
6. North America Field Erected Cooling Tower Market (US$ Mn) Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings
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 Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Field Erected Cooling Tower Market (US$ Mn) Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings
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
TOC Continued…!
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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com X
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