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Pulished Date April, 2021
ID: 10455
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Field-Erected Cooling Towers Market Segmentation By Type (Wet, Dry and Hybrid), By Design (Natural, Forced and Induced), By End User (Power Generation, Petrochemical and Oil & Gas, Iron and Steel and Metallurgy, Paper Mills), and Region - Industry Forecast of 2021 to 2026

Pulished: April, 2021
ID: 10455
Pages: 175

Field-Erected Cooling Towers Market Value  and Growth Analysis:

The global Field-Erected Cooling Towers market is predicted to grow from USD 1.3 billion in 2021to USD 2.9 billion by 2026, at a compound annual expansion rate (CAGR) of 3.3% over the foreseen period.

Escalating call from developing Asia-Pacific markets, expansion in industrial activities around the world, technological advancements in field-mounted cooling towers, and strict environmental regulations are predicted to drive the worldwide market for cooling towers mounted on site. The Field-Erected Cooling Towers is specially designed to cool water by removing heat and transferring it to the atmosphere, which can be done through the evaporative cooling process. It is mainly employed in various applications such as oil refineries, petrochemicals, paper mills, thermal energy and others. The device is widely employed in steel processing plants, power plants and petrochemical plants due to the increased heat rejection capacity. The field mounted cooling tower is huge compared to the box type cooling tower.

Field-Erected Cooling Towers Market Trends:

The global field-erected cooling towers market is predicted to witness phenomenal expansion during the foreseen period. The tremendous expansion of the power sector coupled with the population boom, coupled with the escalating call for power, has boosted the market for Field-Erected Cooling Towers in various regions. The expansion is primarily attributed to utility infrastructure upgrades, growing investments in the industrial sector, and related government regulations in various countries, which are predicted to continue throughout the foreseen period.

Field-Erected Cooling Towers Recent Developments in Industry:

The next generation of factory-assembled cooling towers can be delivered up to 60% faster than field-built towers and installed 80% faster. Recent developments in factory-assembled cooling tower technology are escalating applications for so-called "packaged" towers that support HVAC and industrial processes.

Field-Erected Cooling Towers Market Drivers

Processing plants are under pressure to meet environmental goals. Government laws and regulations prescribe reducing the volumes of water employed for cooling and reducing thermal pollution by industries. For example, in cooling applications, key players are helping to minimize the temperature difference between incoming and outgoing water to meet regulations, even during peak call. Industries are predicted to provide a reliable and environmentally friendly service in accordance with government regulations. Power generation, especially by fossil fuel and nuclear power plants, requires a large amount of high temperature and high-pressure steam to turn the turbine. The steam turbine turns the rotor of the electric generator to generate electricity. Additional exhaust/steam after turbine rotation is cooled by site mounted single pass or closed loop cooling towers. The oilfield cooling tower has been modified and replaced with a number of renewable energy sources for worldwide power generation, which is the key driver responsible for the expansion of the worldwide field-erected cooling tower market. Escalating call from the healthcare, transportation, power plant and steel industries is predicted to contribute to the significant market expansion. Government support for the installation of new power plants to meet the growing call of the population can lead to an improvement in market productivity.

Field-Erected Cooling Towers  Restraints:

The volatility of oil prices, the decline in steel production due to an oversupply of call, the decline of the oil and gas sector where steel is employed to build platforms and pipelines and a gloomy economic environment in the world are the factors hampering the expansion of the global field-erected cooling towers market.

Opportunities in the Field-Erected Cooling Towers Market:

Cooling towers are an essential component of a nuclear reactor; The performance of a field-erected cooling tower has a significant impact on the overall efficiency and energy production of a nuclear power plant. The cooling towers of nuclear power plants are mainly of the hybrid or wet type because they offer higher efficiency. Cooling towers are employed in nuclear power plants operating in high pressure and temperature applications. Escalating power generation from nuclear power could also offer many expansion opportunities for players in the field-mounted cooling tower market.

Field-Erected Cooling Towers Challenges:

The cooling towers installed in your place require large amounts of water to cool down and its availability is a major concern. Thermal power plants, for example, consume large amounts of water for cooling and require a constant source of water for cooling needs. Most industries use one-step cooling systems in which water that was previously employed for cooling is flushed and discharged. Also, to start the cooling cycle, new water is employed and discharged again. These cooling systems cause excessive water loss in industries such as oil and gas, construction, and chemicals.




Market Size Available

2020 – 2025

Base Year


Forecast Period

2021- 2026



Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa




Market Leaders Profiled

SPX Cooling Technologies, Inc. (U.S.), ENEXIO Management GmbH (Germany), Hamon & Cie (International) SA (Belgium), Baltimore Aircoil Company, Inc. (U.S.), Paharpur Cooling Towers Ltd. (India), Babcock & Wilcox Enterprises, Inc. (U.S.), Brentwood Industries, Inc. (U.S.), Delta Cooling Towers P. Ltd. (India), Evapco, Inc. (U.S.), International Cooling Tower Inc. (U.S.), Mesan (U.S.), Evaptech, Inc. (U.S.), Composite Cooling Solutions, L.P. (U.S), Cycro, inc. (U.S.), and STAR Cooling Towers (U.S.).


Field-Erected Cooling Towers Market


Field-Erected Cooling Towers Market Segmentation:

By type:

  • Wet
  • Dry
  • Hybrid

The wet field-erected cooling tower segment had the largest market share, while the dry-type segment is predicted to experience the highest expansion rate during the foreseen period. This expansion is due to the efficiency of water consumption associated with the dry-type cooling towers erected at the site.

By design:

  • Natural
  • Forced
  • Induced

The induced draft segment is the quickest rising industry for field-erected cooling towers ranked, by design, throughout the outlook period. And the induced draft is more efficient compared to a forced draft cooling tower.

By end user:

  • Power generation
  • Petrochemical and oil & gas
  • Iron & steel
  • Metallurgy
  • Paper mills

Field-Erected Cooling Towers Regional Analysis:

  • North America 

  • Europe 

  • Asia Pacific

  • Latin America 

  • Middle East & Africa 

Asia-Pacific is the dominant region in the worldwide market for Field-Erected Cooling Towers due to escalating urbanization and rising call for energy around the world. Other countries in economic development are Brazil, China and India. However, the government's focus on installing power plants for increased power generation and competing for growing energy call in the future can drive worldwide market expansion. The growing population and economic stability in China and India are predicted to drive the expansion of the worldwide market for field-mounted cooling towers. The growing call for improved electricity for domestic, industrial and transportation purposes may open up new expansion opportunities in the future. Europe and North America accounted for the largest share due to moderate expansion in these regions over the next several years.

The Middle East and Africa are also showing significant expansion in the near future due to the presence of a large number of petrochemical plants. Additionally, the region's shift in focus towards tourism and health has increased the call for electricity, which is predicted to help market expansion. China, India, and Japan are among the key countries in the Asia-Pacific region, accounting for the majority of the Field-Erected Cooling Towers market in 2020. Growing population, urbanization, and industrialization, as well as growing concerns for infrastructure development in China and India are some of the factors that would drive the market in the region. The growing call for energy and the growing industrial activity in the locale are some of the main parameters of the market in Asia-Pacific.

Field-Erected Cooling Towers Market Key Players:

The key players of global field-erected cooling tower market are SPX Cooling Technologies, Inc. (U.S.), ENEXIO Management GmbH (Germany), Hamon & Cie (International) SA (Belgium), Baltimore Aircoil Company, Inc. (U.S.), Paharpur Cooling Towers Ltd. (India), Babcock & Wilcox Enterprises, Inc. (U.S.), Brentwood Industries, Inc. (U.S.), Delta Cooling Towers P. Ltd. (India), Evapco, Inc. (U.S.), International Cooling Tower Inc. (U.S.), Mesan (U.S.), Evaptech, Inc. (U.S.), Composite Cooling Solutions, L.P. (U.S), Cycro, inc. (U.S.), and STAR Cooling Towers (U.S.).


1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Field-Erected Cooling Towers Market, By Type                        

                             6.1.1 Wet          

                             6.1.2 Dry           

                             6.1.3 Hybrid      

                             6.1.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.5 Y-o-Y Growth Rate Analysis            

                             6.1.6 Market Attractiveness Index          

              6.2 Field-Erected Cooling Towers Market, By Design                     

                             6.2.1 Natural    

                             6.2.2 Forced     

                             6.2.3 Induced   

                             6.2.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.5 Y-o-Y Growth Rate Analysis            

                             6.2.6 Market Attractiveness Index          

              6.3 Field-Erected Cooling Towers Market, By End-User                

                             6.3.1 Power Generation             

                             6.3.2 Petrochemical      

                             6.3.3 Oil & Gas 

                             6.3.4 Iron and Steel       

                             6.3.5 Metallurgy             

                             6.3.6 Paper Mills            

                             6.3.7 Market Size Estimations & Forecasts (2019-2024) 

                             6.3.8 Y-o-Y Growth Rate Analysis            

                             6.3.9 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            



                             7.2.2 By Type    

                             7.2.3 By Design

                             7.2.4 By End-User          

              7.3 Europe                      

                             7.3.1 By Country            






                                  Rest of Europe

                             7.3.2 By Type    

                             7.3.3 By Design

                             7.3.4 By End-User          

              7.4 Asia Pacific                

                             7.4.1 By Country            




                                  South Korea

                                  South East Asia

                                  Australia & NZ

                                  Rest of Asia-Pacific

                             7.4.2 By Type    

                             7.4.3 By Design

                             7.4.4 By End-User          

              7.5 Latin America                         

                             7.5.1 By Country            




                                  Rest of Latin America

                             7.5.2 By Type    

                             7.5.3 By Design

                             7.5.4 By End-User          

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                  Middle East


                             7.6.2 By Type    

                             7.6.3 By Design

                             7.6.4 By End-User          

8. Key Player Analysis                                

              8.1 SPX Cooling Technologies                   

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 ENEXIO Management GmbH                           

              8.3 Hamon & Cie                          

              8.4 Baltimore Aircoil Company, Inc                       

              8.5 Paharpur Cooling Towers Ltd                          

              8.6 Babcock & Wilcox Enterprises, Inc.                

              8.7 Brentwood Industries, Inc                 

              8.8 Delta Cooling Towers P. Ltd               

              8.9 Mesan                       

              8.10 Evaptech, Inc.                      

9. Market Outlook & Investment Opportunities                             


              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Field-Erected Cooling Towers Market By Region, From 2021-2026 ( USD Billion )

  2. Global Field-Erected Cooling Towers Market By Type, From 2021-2026 ( USD Billion )

  3. Global Wet Market By Region, From 2021-2026 ( USD Billion )

  4. Global Dry Market By Region, From 2021-2026 ( USD Billion )

  5. Global Hybrid Market By Region, From 2021-2026 ( USD Billion )

  6. Global Field-Erected Cooling Towers Market By Design, From 2021-2026 ( USD Billion )

  7. Global Natural Market By Region, From 2021-2026 ( USD Billion )

  8. Global Forced Market By Region, From 2021-2026 ( USD Billion )

  9. Global Induced Market By Region, From 2021-2026 ( USD Billion )

  10. Global Field-Erected Cooling Towers Market By End-User, From 2021-2026 ( USD Billion )

  11. Global Power Generation Market By Region, From 2021-2026 ( USD Billion )

  12. Global Petrochemical Market By Region, From 2021-2026 ( USD Billion )

  13. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )

  14. Global Iron and Steel Market By Region, From 2021-2026 ( USD Billion )

  15. Global Metallurgy Market By Region, From 2021-2026 ( USD Billion )

  16. Global Paper Mills Market By Region, From 2021-2026 ( USD Billion )

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