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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