Field-Erected Cooling Tower Market Overview:

The global field-erected cooling tower market is poised to expected to compound annual growth
rate (CAGR) of 4.5% from 2017 to 2023 finds Market Research Future (MRFR). Cool towers find
application in various industrial domains. These towers maintain a constant temperature in
industrial settings. Owing to their cooling application they often called as heat rejection device.
The technology of cooling towers has evolved tremendously over time, which is marked by the
arrival of advanced cooling systems. Most of the current generation of field-erected cooling towers
use water as the main cooling agent owing to its viability.
Some of the prominent industries that require cooling towers include power generation, iron &
steel & metallurgy, petrochemicals & oil & gas, and paper mills. Towers that are used in these
industries are designed for high performance heat rejection capacity. They come in massive sizes
and are robust. The design consists of pultruded structural components, which support consistent
cooling and ensures quality, safety and reliability. The structural pultrusion in field-erected cooling
tower require high durability and strength to endure the outer tension. For this purpose, fiberglass
is used in cooling towers as the material has high resistance to a wide range of natural issues such
as corrosion, and aging or deterioration.

Global Field-Erected Cooling Tower Market: Segmental Analysis

The report includes a comprehensive segmental analysis of the market based on design, type, end-
user and region.
On the basis of design, the market has been segmented into induced draft, forced draft and natural
draft. The induced draft segment currently accounts for the largest market share and is expected to
witness a strong growth during the assessment period. Induced draft tower maintain a constant air
flow regardless of the atmospheric change.
On the basis of type, the market has been segmented into hybrid, dry and wet. Of these, the wet
segment is expected to retain its dominant market position throughout the assessment period.
Preference for wet type cooling is relatively higher owing to widespread availability of water and
high operational efficacy. Moreover, cost-benefits associated with wet cooling makes it an
attractive option.
Based on the end-user, the market has been segmented into petrochemicals & oil & gas, paper
mills, power generation, iron & steel & metallurgy and others. The power generation segment is
expected to remain highly attractive during the forecast period. Field-electric cooling towers play
an important component role in power plants. There are several components in the plant that
require constant cooling which is made possible through field-erected cooling towers.
Global Field-Erected Cooling Tower Market: Regional Analysis
Asia Pacific is most valued market for field-erected cooling tower. It is projected that the market
in APAC will exhibit the highest growth during the forecast period (2017-2022). APAC is led by
China and this trend is expected to continue throughout the assessment period. Presence of a vast
population base, rising demand for energy, industrial growth and rapid urbanization are some of
the factors influencing the market in the region. Moreover, increased efforts towards utility
infrastructure upgradation coupled with growing foreign direct investment and favourable
regulatory landscape is supporting the market growth in APAC.
Global Field-Erected Cooling Market: Competition Analysis
Some of the top-notch companies discussed in MRFR’s report include ENEXIO Management
GmbH (Germany), Baltimore Aircoil Company, Inc. (U.S.), Babcock & Wilcox Enterprises, Inc.
(U.S.), Delta Cooling Towers P. Ltd. (India), International Cooling Tower Inc. (U.S.), Cycro, inc.
(U.S.), SPX Cooling Technologies, Inc. (U.S.), STAR Cooling Towers (U.S.), Hamon & Cie
(International) SA (Belgium), Composite Cooling Solutions, L.P. (U.S), Paharpur Cooling Towers
Ltd. (India), Evapco, Inc. (U.S.), Evaptech, Inc. (U.S.), Brentwood Industries, Inc. (U.S.) and
Mesan (U.S.)

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