Field Erected Cooling Tower Market key drive and Regional Share, Trends, Competitor Analysis to 2026

Field Erected Cooling Tower Market key drive and Regional Share, Trends, Competitor Analysis to 2026

A cooling tower is designed to remove heat from a fluid, usually water, to the atmosphere, most often through the process of evaporative cooling. Thus, cooling tower is heat rejection device which rejects the heat to atmosphere through the cooling of water stream to lower temperature. The common applications where cooling tower mostly used in petrochemical, thermal power, oil refineries, chemical plants, paper mills and others (includes iron & steel plant, metallurgy etc.). The field erected cooling tower are specially designed to use in power plants, steel processing plants and petrochemical plants due to their greater capacity of heat rejection. The field erected cooling tower is much larger in size compare to package type cooling tower.

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A normal field erected cooling tower has pultruded fiber reinforced plastic structure, a mechanical unit for air draft and fill as major components. Field erected cooling tower can be segmented based on type like wet field erected cooling tower, Dry field erected cooling tower and hybrid field erected cooling tower. The growth of field erected cooling tower is attributed ascribed to increasing energy demand, increasing urbanization especially in developing countries like China, India and Brazil. However, volatility in oil prices, decreasing steel production due to exceed supply compare to demand, decreasing oil & gas sector where steel is used to construct rigs and pipelines and gloomy economic environment in the world are the factors that are hindering the growth of the field erected cooling tower market.

Based on type, the wet type field erected cooling towers contributed the largest share of the cooling tower market in 2015 and is projected to continue the majority of the share during the forecast period. Increasing electricity demand from emerging countries in Asia pacific where large focus is given on installation of power plants to generate the electricity. This is the main factor which anticipated to drive the growth of the field erected cooling tower market during the forecast period.

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Based on end-users, power generation dominated the field erected cooling tower market in 2015 and is anticipated to grow at highest CAGR during the forecast period. Increasing modification and replacement of oil field cooling tower with various renewable energy sources for power generation across all the regions are the main factors which are anticipated to contribute the growth of the field erected cooling tower market during the forecast period.

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Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

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