Field-Erected Cooling Tower Market

Field-Erected Cooling Tower Market by Type (Wet, Dry, and Hybrid), Design (Natural, Forced, and Induced), End-User (Power Generation, Petrochemical and Oil & Gas, Iron & Steel and Metallurgy, Paper Mills), and Region - Global Forecasts to 2022

Report Code: EP 4210 Feb, 2018, by marketsandmarkets.com

[130 Pages Report] The global field-erected cooling tower market was valued at USD 1.72 Billion in 2016. The market is projected to grow at a CAGR of 3.78% from 2017 and reach USD 2.15 Billion by 2022. Field-erected cooling towers are of three types, namely, wet, dry, and hybrid field-erected cooling towers. The market is segmented based on design, end-user industry, and type of cooling towers. Based on the end-user industry, the market has been divided into hood power generation, petrochemicals and oil & gas, iron & steel and metallurgy, paper mills, and others. Others include HVAC and food & beverage industries. The design subsegments are further divided into natural draft, induced draft, and forced draft. Increasing demand from developing markets of Asia Pacific, growth in industrial activities worldwide, technological advancement in the field of field-erected cooling towers, and stringent environmental regulations are expected to drive the demand for field-erected cooling tower market globally.

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017–2022

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global field-erected cooling tower market based on type, design, end-user, and region
  • To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the field-erected cooling tower market with respect to individual growth trends, future expansions, and contributions to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the field-erected cooling tower market with respect to major regions (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)
  • To profile key players and comprehensively analyze their ranking and core competencies
  • To analyze competitive developments, such as mergers & acquisitions, new product developments, and contracts & agreements in the field-erected cooling tower market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg, Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global field-erected cooling tower market. Primary sources are mainly several industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations from companies, and organizations related to all the segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents, which include key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts to obtain and verify qualitative and quantitative information as well as assess prospects.

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study, based on company type, designation, and region.

Field-Erected Cooling Tower Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The field-erected cooling tower market ecosystem comprises companies such as SPX (US), Hamon (Belgium), Enexio (Germany), Evapco (US), and BAC (US).

Target Audience:

The report’s target audience includes:

  • Field-erected cooling towers manufacturers
  • Raw material suppliers
  • Manufacturing technology providers
  • Industry associations
  • Environment associations
  • Manufacturing industries
  • Energy efficiency consultants
  • Power plant project developers
  • State and national regulatory authorities
  • Banks, venture capitalists, financial institutions, and other investors

Scope of the Report:

  • By Type
    • Wet Field-Erected Cooling Tower
    • Dry Field-Erected Cooling Tower
    • Hybrid Field-Erected Cooling Tower
  • By Design
    • Natural Draft
    • Forced Draft
    • Induced Draft
  • By End-User
    • Power Generation
    • Petrochemical and Oil & Gas
    • Iron & Steel and Metallurgy
    • Paper Mills
    • Others
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region-/country-specific analyses

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

The field-erected cooling tower market was estimated to be USD 1.78 Billion in 2017 and is projected to reach USD 2.15 Billion by 2022, at a CAGR of 3.78%. The increased demand for power accompanied by an increase in natural gas-fired power plants, stringent environmental regulations, and growth in industrial activities are driving the market for field-erected cooling towers.

The wet type segment was estimated to hold the largest share of the field-erected cooling tower market, by type, in 2017. Asia Pacific was estimated to be the largest market followed by North America in 2017.  Wet type cooling towers are more preferred due to easy availability of water as well as the high efficiency of cooling in thermal and nuclear power plants. The benefits of a wet type cooling tower are: no requirement of mechanical or electrical components, large water loading capacity, and low maintenance cost.

The induced draft segment was estimated to hold the largest share of the field-erected cooling tower market, by design in 2017. Such cooling tower has a centrally located fan at the top which dissipates the hot air from the tower to the atmosphere. The main advantage of induced draft towers is that the air flow remains almost constant irrespective of the ambient air temperature.

The power generation industry was estimated to hold the major share of the field-erected cooling tower market, by end-user, in 2017. Power plants use steam to spin turbines for the generation of power. The steam which passes through the turbine needs to be cooled for reuse in the process to produce more electricity. Hence, a cooling tower is required to cool the water, which gets heated up in the process.

Asia Pacific was estimated to be the largest market for field-erected cooling towers in 2017 followed by North America and Europe. China is estimated to dominate the Asia Pacific field-erected cooling tower market due to an increase in investments in the power plant projects for the coming years.  Also, the Asia Pacific market is expected to grow at the highest CAGR during the forecast period.

Field-Erected Cooling Tower Market

Multiple local and gray market players provide products at low prices which acts as a major restraint for this market. Some of the leading players in the field-erected cooling tower market include SPX (US), Hamon (Belgium), Enexio (Germany), Evapco (US), and BAC (US).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Field-Erected Cooling Tower Market
    4.2 Field-Erected Cooling Tower Market, By Country
    4.3 Asia Pacific Field-Erected Cooling Tower Market, By Type & Country
    4.4 Field-Erected Cooling Tower Market, By Type
    4.5 Field-Erected Cooling Tower Market, By Design
    4.6 Field-Erected Cooling Tower Market, By End-User

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Stringent Environmental Regulations
                    5.2.1.2 Growth in Industrial Activities
                    5.2.1.3 Increasing Number of Natural Gas-Fired Power Plants
                    5.2.1.4 Growing Power Sector and Augmented Power Generation Capacities Worldwide
           5.2.2 Restraints
                    5.2.2.1 Highly Fragmented & Competitive Industry
                    5.2.2.2 Rise in Alternative Energy Programs
           5.2.3 Opportunities
                    5.2.3.1 Increasing Energy Generation From Nuclear Power
           5.2.4 Challenges
                    5.2.4.1 Need for Large Quantities of Water

6 Field-Erected Cooling Tower Market, By Type (Page No. - 39)
    6.1 Introduction
    6.2 Wet
    6.3 Dry
    6.4 Hybrid

7 Field-Erected Cooling Tower Market, By Design (Page No. - 44)
    7.1 Introduction
    7.2 Natural Draft
    7.3 Forced Draft
    7.4 Induced Draft

8 Field-Erected Cooling Tower Market, By End-User (Page No. - 48)
    8.1 Introduction
    8.2 Power Generation
    8.3 Petrochemicals & Oil & Gas
    8.4 Iron & Steel & Metallurgy
    8.5 Paper Mills
    8.6 Others

9 Field-Erected Cooling Tower Market, By Region (Page No. - 56)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 Italy
           9.3.4 UK
           9.3.5 Russia
           9.3.6 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Rest of Asia Pacific
    9.5 South America
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 UAE
           9.6.3 Kuwait
           9.6.4 South Africa
           9.6.5 Rest of the Middle East & Africa

10 Competitive Landscape (Page No. - 96)
     10.1 Overview
     10.2 Ranking of Players and Industry Concentration, 2016
     10.3 Competitive Scenario
             10.3.1 New Product Developments
             10.3.2 Contracts & Agreements
             10.3.3 New Product Developments

11 Company Profiles (Page No. - 100)
(Business Overview, Products Offered, Recent Developments & MnM View)*
     11.1 Benchmarking
     11.2 SPX
     11.3 Enexio
     11.4 Hamon & Cie
     11.5 Baltimore Aircoil
     11.6 Paharpur
     11.7 Babcock & Wilcox (B&W)
     11.8 Brentwood Industries
     11.9 Delta Cooling Towers
     11.10 Evapco
     11.11 International Cooling Tower
     11.12 Mesan
     11.13 Star Cooling Towers

*Details on Business Overview, Products Offered, Recent Developments & MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 122)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (63 Tables)

Table 1 Field-Erected Cooling Tower Market Snapshot
Table 2 Countries With the Fastest-Growing Power Generation Sectors, 2005–2015
Table 3 Field-Erected Cooling Tower Market Size, By Type, 2015–2022 (USD Million)
Table 4 Wet: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 5 Dry: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 6 Hybrid: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 7 Field-Erected Cooling Tower Market Size, By Design, 2015–2022 (USD Million)
Table 8 Natural Draft: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 9 Forced Draft: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 10 Induced Draft: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 11 Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 12 Power Generation, Top 5 Largest Market of Field-Erected Cooling Tower, By Country (USD Million)
Table 13 Petrochemical and Oil & Gas, Top 5 Fastest Growing Market of Field-Erected Cooling Tower, By Country (USD Million)
Table 14 Power Generation: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 15 Petrochemicals & Oil & Gas: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 16 Iron & Steel & Metallurgy: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 17 Paper Mills: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 18 Others: Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 19 Field-Erected Cooling Tower Market Size, By Region, 2015–2022 (USD Million)
Table 20 Top 5 Largest Markets for Field-Erected Cooling Towers, By Country, 2015–2022 (USD Million)
Table 21 Top 5 Fastest-Growing Markets for Field-Erected Cooling Towers, By Country, 2015–2022 (USD Million)
Table 22 North America: Field-Erected Cooling Tower Market Size, By Country, 2015–2022 (USD Million)
Table 23 North America: Field-Erected Cooling Tower Market Size, By Type, 2015–2022 (USD Million)
Table 24 North America: Field-Erected Cooling Tower Market Size, By Design, 2015–2022 (USD Million)
Table 25 North America: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 26 US: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 27 Canada: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 28 Mexico: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 29 Europe: Field-Erected Cooling Tower Market Size, By Country, 2015–2022 (USD Million)
Table 30 Europe: Field-Erected Cooling Tower Market Size, By Type, 2015–2022 (USD Million)
Table 31 Europe: Field-Erected Cooling Tower Market Size, By Design, 2015–2022 (USD Million)
Table 32 Europe: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 33 Germany: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 34 France: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 35 Italy: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 36 UK: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 37 Russia: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 38 Rest of Europe: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 39 Asia Pacific: Field-Erected Cooling Tower Market Size, By Country, 2015–2022 (USD Million)
Table 40 Asia Pacific: Field-Erected Cooling Tower Market Size, By Type, 2015–2022 (USD Million)
Table 41 Asia Pacific: Field-Erected Cooling Tower Market Size, By Design, 2015–2022 (USD Million)
Table 42 Asia Pacific: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 43 China: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 44 India: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 45 Japan: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 46 Rest of Asia Pacific: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 47 South America: Field-Erected Cooling Tower Market Size, By Country, 2015–2022 (USD Million)
Table 48 South America: Field-Erected Cooling Tower Market Size, By Type, 2015–2022 (USD Million)
Table 49 South America: Field-Erected Cooling Tower Market Size, By Design, 2015–2022 (USD Million)
Table 50 South America: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 51 Brazil: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 52 Argentina: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 53 Rest of South America: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 54 Middle East & Africa: Field-Erected Cooling Tower Market Size, By Country, 2015–2022 (USD Million)
Table 55 Middle East & Africa: Field-Erected Cooling Tower Market Size, By Type, 2015–2022 (USD Million)
Table 56 Middle East & Africa: Field-Erected Cooling Tower Market Size, By Design, 2015–2022 (USD Million)
Table 57 Middle East & Africa: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 58 Saudi Arabia: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 59 UAE: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 60 Kuwait: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 61 South Africa: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 62 Rest of the Middle East & Africa: Field-Erected Cooling Tower Market Size, By End-User, 2015–2022 (USD Million)
Table 63 Baltimore, the Most Active Player in the Field-Erected Cooling Tower Market Between the Years 2014 and 2017


List of Figures (29 Figures)

Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Asia Pacific Held the Largest Share of the Field-Erected Cooling Tower Market in 2016
Figure 6 The Wet Field-Erected Cooling Towers Segment is Expected to Dominate the Market During the Forecast Period
Figure 7 The Induced Draft Segment is Expected to Be the Largest Market By 2022
Figure 8 The Power Generation Segment is Expected to Dominate the Field-Erected Cooling Tower Market During the Forecast Period
Figure 9 Increase in Demand for Power and Government Regulations are Expected to Drive the Field-Erected Cooling Tower Market During the Forecast Period
Figure 10 China is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 The Wet Type Segment is Estimated to Lead the Field-Erected Cooling Tower Market in Asia Pacific
Figure 12 The Wet Segment is Expected to Be the Largest Market Between 2017–2022
Figure 13 The Induced Draft Segment is Expected to Lead the Field-Erected Cooling Tower Market During the Forecast Period
Figure 14 Power Generation Held the Largest Market Share in 2017
Figure 15 Drivers, Restraints, Opportunities, & Challenges in the Field-Erected Cooling Tower Market
Figure 16 Dry Shale Gas Production
Figure 17 Under-Construction Nuclear Reactors
Figure 18 The Wet Field-Erected Cooling Tower Segment Led the Market in 2016
Figure 19 The Induced Draft Segment Led the Field-Erected Cooling Tower Market in 2016
Figure 20 The Power Generation Segment Led the Field-Erected Cooling Tower Market in 2016
Figure 21 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Asia Pacific Led the Field-Erected Cooling Tower Market in 2016
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Middle East & Africa: Market Snapshot
Figure 25 Key Developments in the Field-Erected Cooling Tower Market, 2014–2017
Figure 26 SPX Led the Field-Erected Cooling Tower Market in 2016
Figure 27 SPX: Company Snapshot
Figure 28 Hamon & CIE: Company Snapshot
Figure 29 Babcock & Wilcox (B&W): Company Snapshot


Request for detailed methodology, assumptions & how numbers were triangulated.

Our USP is "Customised multi client reports"-so feel free to provide us specific interest in much greater detail..!!
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Report Code
EP 4210
Published ON
Feb, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Field-Erected Cooling Tower Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved