Field Erected Cooling Tower Market 2020 Business Strategies, Opportunities, Future Trends, Top Key Players, Market Share and Global Analysis by Forecast to 2028

This detailed market study focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global field erected cooling tower market.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) SPX Corporation
2) Hamon & CIE International SA
3) Baltimore Aircoil Company Inc.
4) Brentwood Industries, Inc.
5) Spig S.P.A.
6) Evapco Inc.
7) Enexio Management GmbH
8) Mesan Group
9) Babcock & Wilcox
10) Benchmarking
11) Delta Cooling Towers
12) Evapco
13) International Cooling Tower
14) Paharpur
15) Star Cooling Towers

According to the report, the field erected cooling tower market is expected to promise high growth owing to increasing number of natural gas-fired power plants in recent years. Increasing demand from end-use industries including power generation, petrochemical and oil & gas, iron & steel and metallurgy, and paper mills is expected to drive the growth of field erected cooling tower market.

What is field erected cooling?

Field erected cooling towers have a greater capacity for heat rejection. Therefore, facilities such as power plants, steel processing plants, petroleum refineries, or petrochemical plants usually install field erected type cooling towers. Field erected towers are normally much bigger in size compared to the package type cooling towers. A typical field-erected cooling tower has a pultruded fibre-reinforced plastic structure, FRP cladding, a mechanical unit for air draft, and a drift eliminator.

Field erected cooling towers are used in various industries due to their heat rejection property. They are used in oil refineries, paper mills, thermal power, etc. Dry cooling towers are controlled by heat transfer through a surface that separates the working fluid from ambient air, such as in a tube to the air heat exchanger, utilizing convective heat transfer. Wet cooling towers function on the standard of evaporative cooling. Working fluid and evaporated fluid are the same.

Key Factors Impacting Market Growth:

o An increasing number of natural gas-fired power plants
o Growing power plants and extended power generation capacities worldwide
o Increasing energy generation from nuclear power
o Highly fragmented and competitive industry
o The rise in alternative energy programs
o Requires large quantities of water

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

Major regions for the field erected cooling tower market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for high-performance computing owing to the strong presence of the industrial sector.

Asia Pacific and Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. Among these industries government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences are estimated to register high demand for field erected cooling tower market.

The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences. These industries have an established base resulting in stable market demand. These factors are expected to drive the demand for the field erected cooling tower market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

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This report provides:

1) An overview of the global market for field erected cooling tower market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global field erected cooling tower market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Market Segmentation:

By Type:
o Wet
o Dry
o Hybrid

By Design:
o Natural Draft
o Forced Draft
o Induced Draft

By End User:
o Power Generation
o Petrochemical and Oil & Gas
o Iron & Steel and Metallurgy
o Paper Mills

By Region

North America
o By Country (US, Canada, Mexico)
o By Type
o By Design
o By End User

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Design
o By End User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Design
o By End User

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Design
o By End User

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Design
o By End User

Rest of the World
o By Region (South America, Africa)
o By Type
o By Design
o By End User

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This release was published on openPR.