Field-erected cooling towers are bigger in
size as compared to the conventional package type cooling tower. A normal
field-erected cooling tower comprises pultruded structural components used in
the entire cooling tower, which generates an engineered framework of
unsurpassed quality, reliability, and safety. Structural pultrusions is
approximately of the same strength of steel in tension and compression for a
field-erected cooling tower. Fiberglass is implemented as it is impervious to a
broad range of corrosive materials, immune to deterioration for the field-erected
cooling tower.
The global field-erected cooling tower
market is expected to witness a phenomenal growth during the forecast period.
The considerable growth in the power sector with population boom, along with
rise in energy demand has propelled the field-erected cooling tower market in
various regions.
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Industry
Segmentation
Global field-erected cooling tower market
has been segmented based on type, design, end-user, and region.
Based on type, the market is segmented
into wet, dry, and hybrid. Among these, the wet type is projected to dominate
the field-erected cooling tower market unttil 2023. Wet type cooling towers are
highly favored due to easy accessibility of water as well as the high
effectiveness of cooling in thermal and nuclear power plants.
Based on design, the market is segmented
into natural draft, forced draft, and induced draft. Induced draft segment
dominated the market in 2016 and is projected to be the fastest-growing design
segment.
Based on the end-user, the market is
segmented into power generation, petrochemicals & oil & gas, iron &
steel & metallurgy, paper mills, and others.
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Regional
Analysis
The Asia Pacific region is expected to grow
at the highest CAGR from 2017 to 2022, wherein China was the largest
country-level market in 2016, followed by India and Japan. Upsurge in
population with tremendous energy demand growth has resulted into a phenomenal
growth for industrial infrastructure in the region and consequently resulted in
growth of the field-erected cooling tower 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.).
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