HOME Press Releases Field-Erected Cooling Towers Market worth 2.11 Billion USD by 2021

Field-Erected Cooling Towers Market worth 2.11 Billion USD by 2021

The report "Field-Erected Cooling Tower Market by Type (Wet, Dry, & Hybrid), by End-User (Power Generation, Petrochemical and Oil & Gas, Iron & Steel and Metallurgy, Paper Mills, and Others) & Region - Global Trends & Forecasts to 2021", The field-erected cooling towers market is expected to reach USD 2.11 Billion by 2021, at a CAGR of 4.3% from 2016 to 2021. The major growth factors include increasing demand from developing markets of Asia-Pacific, growth in industrial activities worldwide, technological advancement in field-erected cooling towers, and stringent environmental regulations.

                                     Request Sample                                      Request Sample

Browse 69 market data Tables and 39 Figures spread through 128 Pages and in-depth TOC on "Field-Erected Cooling Tower Market by Type (Wet, Dry, & Hybrid), by End-User (Power Generation, Petrochemical and Oil & Gas, Iron & Steel and Metallurgy, Paper Mills, and Others) & Region - Global Trends & Forecasts to 2021"
Early buyers will receive 10% customization on reports.

Dry field-erected cooling towers segment is expected to grow at the highest CAGR during the forecast period.

The field-erected cooling towers market has been segmented, by type, into wet, dry, and hybrid. The wet field-erected cooling tower segment held the major market share, whereas the dry type segment is projected to witness the highest growth rate during the forecast period. This growth is due to water consumption efficiencies associated with dry type field-erected cooling towers. More industries are accepting this kind of design to align with environmental regulations within their respective countries.

Power generation end-user segment is estimated to drive the field-erected cooling towers market with the highest growth rate.

On the basis of end-user industries, the market has been segmented into power generation, petrochemical and oil & gas, iron & steel and metallurgy, paper mills, and others. The others segment includes HVAC and food & beverage industries. The power generation end-user segment occupies the major share, which is due to high volume heat load resulting in the demand for large size cooling towers by this industry. The market for power generation end-user industry would be particularly driven by Asia-Pacific, due to growing electricity demand and growth in industrial activities in the region.

Asia-Pacific is estimated to be the global leader in the field-erected cooling towers market, by value, during the forecast period.

China, India, and Japan are some of the key countries in the Asia-Pacific region, which accounted for majority of the field-erected cooling towers market, in 2015. Rising population, urbanization, and industrialization along with growing concerns related to infrastructure development in China and India are some of the factors that would drive the market in the region.

Increasing energy demand and growing industrial activity in the region are some of the key parameters driving the market in Asia-Pacific. This sector is growing at a faster rate as compared to other sectors in the region.

Key market players such as SPX Corporation (U.S.), Hamon & CIE International SA (Belgium), and Enexio Management GmbH (Germany) dominated the market.

This study estimates the global market of field-erected cooling towers, in terms of USD, till 2021. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. The report also covers various important aspects of the market such as value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the field-erected cooling towers market.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports