The global field-erected cooling tower market size is slated for steady expansion with rising demand for electricity from industries. According to OECD’s World Energy Outlook Report, the industrial sector consumes close to 54% of the total delivered energy produced in the world. The report projects that industrial energy consumption is increasing at 1.2% per year. By 2040, the total global energy consumption by industries, the report predicts, will be 309 quadrillions Btu (British thermal units). Moreover, the world is seeing an increasing demand for alternative sources of energy, such as geothermal and nuclear, which can give a major boost to the global field-erected cooling tower market growth during the forecast period.
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- Paharpur Cooling Towers
- Evapco Inc
- SPX Cooling Technologies Inc
- Marley Flow Control Pty Ltd
- Rain Stone LLC
- WATCO Group ltd
- Chesapeake Systems LLC
- Composite Cooling Solutions
- Baltimore Aircoil Company
- Waterline Controls
- Brentwood Cooling Tower
Fortune Business Insights has provided a comprehensive analysis in its report, titled “Field-Erected Cooling Tower Market Size, Share and Global Trend By Type (Wet, Dry, Hybrid), By Design (Natural Draft, Forced Draft, Induced Draft), By End-user (Power Generation, Petrochemical, Iron & Steel, Paper Mills, Others) and Geography Forecast Till 2027”. The report contains an in-depth evaluation of the factors that will chart the course of development of the market in the coming decade. The report also highlights the most promising regions and segments that will fuel the global field-erected cooling tower market revenue.
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1. By Design
- Natural Draft
- Forced Draft
- Induced Draft
2. By Type
3. By Application
- Power Generation
- Oil & Gas
4. By Geography
- North America (The USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea and Rest of Asia Pacific)
- Latin America (Argentina, Mexico, Brazil and Rest of Latin America)
- Middle East & Africa (GCC, Egypt, South Africa and Rest of the Middle East & Africa)
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Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Market.
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
Cooling towers are viewed as “heat rejection” structures in that they throw out the waste heat into the atmosphere, lowering the temperature in a plant or factory using water. These towers are crucial for ensuring that plants do not overheat and explode and the safety of the workers and nearby areas is maintained. Field-erected cooling towers, with their larger size and capacity, are utilized by facilities such as petrochemical plants and nuclear power plants due to their greater heat rejection requirements.
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Table of Content
5. Global Field Erected Cooling Tower Market (USD Mn) Analysis, Insights and Forecast, 2015-2027
5.1. Key Findings
5.2. Market Analysis, Insights and Forecast – By Type
5.3. Market Analysis, Insights and Forecast – By Design
5.3.1. Natural Draft
5.3.2. Forced Draft
5.3.3. Induced Draft
5.4. Market Analysis, Insights and Forecast – By Application
5.4.2. Power Generation
5.4.3. Oil & Gas
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. Latin America
6. North America Field Erected Cooling Tower Market (USD Mn) Analysis, Insights and Forecast, 2015-2027
6.1. Key Findings
6.2. Market Analysis, Insights and Forecast – By Type
6.3. Market Analysis, Insights and Forecast – By Design
6.3.1. Natural Draft
6.3.2. Forced Draft
6.3.3. Induced Draft
6.4. Market Analysis, Insights and Forecast – By Application
6.4.2. Power Generation
6.4.3. Oil & Gas
6.5. Market Analysis, Insights and Forecast – By Country
7. Europe Field Erected Cooling Tower Market (USD Mn) Analysis, Insights and Forecast, 2015-2027
7.1. Key Findings
7.2. Market Analysis, Insights and Forecast – By Type
7.3. Market Analysis, Insights and Forecast – By Design
7.3.1. Natural Draft
7.3.2. Forced Draft
7.3.3. Induced Draft
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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