Field-Erected Cooling Tower Market Growth Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

The field-erected cooling towers are intended to generate lower water temperatures. It extracts heat from working fluid to the atmosphere through the phenomena of evaporative cooling. The robust growth of the power sector in recent years and improved power generation capacities have fueled the demand for field-erected cooling towers across the globe. The Asia Pacific region is expected to witness high growth during the forecast period on account of rising investments in power plant projects across countries such as China and India.

MARKET DYNAMICS

The field-erected cooling tower market is anticipated to grow in the forecast period owing to driving factors such as robust growth in the industrial activities coupled with the stringent environmental regulations. Also, the increasing number of natural gas-fired power plants is expected to strengthen demand further. However, alternative energy programs may impede the growth of the field-erected cooling tower market during the forecast period. On the other hand, energy generation from nuclear power would create significant prospects for the players of the field-erected cooling tower market in the future.

MARKET SCOPE

The "Global Field-Erected Cooling Tower Market Analysis to 2031" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of field-erected cooling tower market with detailed market segmentation by type, end use industry, and geography. The global field-erected cooling tower market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading field-erected cooling tower market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global field-erected cooling tower market is segmented on the basis of type and end use industry. Based on type, the market is segmented as dry, wet, and hybrid. On the basis of the end use industry, the market is segmented as power generation, paper mills, oil & gas, iron & steel, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global field-erected cooling tower market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The field-erected cooling tower market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting field-erected cooling tower market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the field-erected cooling tower market in these regions.

MARKET PLAYERS

The reports cover key developments in the field-erected cooling tower market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from field-erected cooling tower market are anticipated to lucrative growth opportunities in the future with the rising demand for field-erected cooling tower in the global market. Below mentioned is the list of few companies engaged in the field-erected cooling tower market.

The report also includes the profiles of key field-erected cooling tower companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

- Babcock & Wilcox Enterprises, Inc.
- Baltimore Aircoil Company (AMSTED Industries Incorporated)
- Delta Cooling Towers Pvt. Ltd. (DCTPL)
- ENEXIO Management GmbH
- EVAPCO, Inc.
- MESAN Group
- Paharpur Cooling Towers Ltd.
- S.A. HAMON
- SPX Cooling Technologies, Inc.
- Watco Group

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Field-Erected Cooling Tower Report Scope