About Field-Erected Cooling Towers
Field-erected cooling towers are mainly used in industrial applications like power generation, oil & gas, metallurgy, paper mills, etc. and are generally constructed at the site of application. This cooling tower is categorized into crossflow and counterflow towers which can vary depending on the application and consists of wet, dry, and hybrid field-erected cooling towers. They are used in powering heavy machinery in industries that workers through various components present in the tower-like the HVAC system, nozzle, OEM parts, drift eliminators, driveshafts, etc.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 3.1% |
Field-Erected Cooling Towers is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Field-Erected Cooling Towers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SPX Cooling Technologies, Inc. (United States), ENEXIO Management GmbH (Germany), EVAPCO, Inc. (United States), Baltimore Aircoil Company (United States), Hamon & Cie (Belgium), Brentwood Industries, Inc. (United States), STAR Cooling Towers (India) and International Cooling Towers (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Paharpur Cooling Towers Ltd. (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Field-Erected Cooling Towers market by Type (Wet Field-Erected Cooling Towers, Dry Field-Erected Cooling Towers and Hybrid Field-Erected Cooling Towers) and Region.
On the basis of geography, the market of Field-Erected Cooling Towers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Components, the sub-segment i.e. HVAC System will boost the Field-Erected Cooling Towers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Power Generation will boost the Field-Erected Cooling Towers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Crossflow Cooling Towers will boost the Field-Erected Cooling Towers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Field-Erected Cooling Towers in the Power Generation Industry
Market Growth Drivers:
Growing Industrial Operation Across the World and Demand for HVAC Systems in Various Industrial Colling Operations
Challenges:
Stringent Regulatory Guidelines on the Field-Erected Cooling Towers
Restraints:
Handlin and Maintenance Related Cost on Field-Erected Cooling Towers Can be High
Opportunities:
Surging Industrial Operation and Governmental Spendings on it will Boost the Field-Erected Cooling Towers Market
Market Leaders and their expansionary development strategies
In 2021, Specialty Welding and Turnarounds, LLC (SWAT), a provider of advanced technical maintenance services to the chemical, refining, recycling and industrial markets, announced the acquisition of Midwest Cooling Tower Services (MWCTS) by Dorilton Capital. Midwest provides critical cooling tower solutions, including inspection, maintenance and repair, and specialty distribution and leasing throughout the United States.
In 2021, Hamon-Esindus was chosen to provide two cooling towers and make a decisive contribution to the Dos Bocas refinery in Mexico. This allowed Hamon-Esindus to participate in the industrial development of the Mexican oil and gas market and consolidate its leadership position in the Mexican cooling tower market.
"The first regulation in the United States to require registering and monitoring cooling towers for Legionella was enacted in 2005 in Garland, Texas, for cooling towers associated with multifamily housing; it was later revised to include hotels and places of accommodation. The ordinance was simple and implemented at a low cost to the health department, resulting in a decrease in the number of contaminated cooling towers over time. All testing was required to be independent of those responsible for maintenance."
Key Target Audience
Field-Erected Cooling Towers Manufacturers, Field-Erected Cooling Towers International Traders, Field-Erected Cooling Towers Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.