Field Erected Cooling Tower Market Global Outlook 2021-2026: ENEXIO Management GmbH, SPX Cooling Technologies, Inc, Towertech Cooling System Pvt. Ltd

The Global Field Erected Cooling Tower Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

Field erected towers are larger towers usually with many project-specific requirements associated with the material of construction, operating modes, noise limits, fan power consumption, visible plume, low maintenance, few shutdowns, etc. The field-erected cooling tower market is expected to grow at a CAGR of more than 4.5% over the forecast period.

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Key Market Players: ENEXIO Management GmbH, SPX Cooling Technologies, Inc, Towertech Cooling System Pvt. Ltd, Watco Group, and Paharpur Cooling Towers LTD.and Other

Key Market Trends

Wet Type Segment to Dominate the Market

- Wet type cooling towers are very much preferred owing to the high effectiveness of cooling in nuclear and thermal power plants as well as simple accessibility of water. The benefits of a wet cooling tower mainly consist of no need for electrical or mechanical elements, negligible maintenance cost, and large water loading capability.
- The growth is primarily attributed to upgrades in utility infrastructure, growing investments in the industrial sector, and related government regulations in various countries, which is likely to continue during the forecast period.
- In terms of design, mechanical draft wet field-erected cooling towers holds largest share in the market owing to its use in a wide range of cooling applications such as power plants, industrial processes, refining, manufacturing, and HVAC.
- Wet cooling towers offer an outstanding performance by taking full advantage of the ambient air humidity. Wet cooling, also called evaporative cooling, is a technology that can generate outstanding fuel-saving and carbon emission reduction. Therefore, it is more preferred by the end-users of different industries.

Asia-Pacific to Dominate the Market

- Asia-Pacific is expected to dominate the market owing to several driving factors such as increasing industrial activities, population, and energy demand in the region. Among Asia-Pacific countries, India and China are expected to lead the market owing to the increased energy demand and upcoming thermal and nuclear power plant projects.
- Asia-Pacific region has untapped energy resources and is also a significant region for exploration activities to be carried out. Therefore, in one way or another, the use of field-erected cooling towers is mandatory for rising industrial activities, which in turn, is expected to boost up the market growth over the forecast period.
- The rise in refinery capacity in the region also pushes the requirement of field-erected cooling towers in the large refinery industry. As of 2019, the refining capacity has reached 35518 thousand barrels per day in the Asia-pacific with a growth rate of 2.3% to the previous year.
- Increasing electricity demand from emerging countries in Asia pacific where a large focus is given on installation of power plants to generate the electricity. Therefore, it is expected to drive the growth of the field erected cooling tower market in the region.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Field Erected Cooling Tower market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Field Erected Cooling Tower market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Field Erected Cooling Tower market.

Market Segments: This part of the report discusses product type and application segments of the global Field Erected Cooling Tower market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Field Erected Cooling Tower used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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