Field-Erected Cooling Tower Market Poised to Touch US$ 1.78 Billion by 2022

The field-erected cooling tower market was estimated to be USD 1.78 Billion in 2017 and is projected to reach USD 2.15 Billion by 2022, at a CAGR of 3.78%. The increased demand for power accompanied by an increase in natural gas-fired power plants, stringent environmental regulations, and growth in industrial activities are driving the market for field-erected cooling towers.

The wet type segment was estimated to hold the largest share of the field-erected cooling tower market, by type, in 2017. Asia Pacific was estimated to be the largest market followed by North America in 2017. Wet type cooling towers are more preferred due to easy availability of water as well as the high efficiency of cooling in thermal and nuclear power plants. The benefits of a wet type cooling tower are: no requirement of mechanical or electrical components, large water loading capacity, and low maintenance cost.

Download PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50631938

Objectives of the Study

• To define, describe, and forecast the global field-erected cooling tower market based on type, design, end-user, and region
• To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the field-erected cooling tower market with respect to individual growth trends, future expansions, and contributions to the market
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To forecast the growth of the field-erected cooling tower market with respect to major regions (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)
• To profile key players and comprehensively analyze their ranking and core competencies
• To analyze competitive developments, such as mergers & acquisitions, new product developments, and contracts & agreements in the field-erected cooling tower market

To speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=50631938

Multiple local and gray market players provide products at low prices which acts as a major restraint for this market. Some of the leading players in the field-erected cooling tower market include SPX (US), Hamon (Belgium), Enexio (Germany), Evapco (US), and BAC (US).

The power generation industry was estimated to hold the major share of the field-erected cooling tower market, by end-user, in 2017. Power plants use steam to spin turbines for the generation of power. The steam which passes through the turbine needs to be cooled for reuse in the process to produce more electricity. Hence, a cooling tower is required to cool the water, which gets heated up in the process.

Download Sample Copy of Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=50631938

The report’s target audience includes:

• Flame arrestors companies
• Oil & gas storage terminals
• Refineries
• Health, Environment & Safety (HSE) consultants
• Engineering and procurement companies in the oil & gas and chemical sector
• Government and research organizations
• Consulting companies

Related Report:

"Tension Control Market by Type (Automated & Manual), Component (Load Cell, Controller, Diameter Sensor, Dancer Roller, Brake, Clutch), Application (Paper, Flexible Printing & Packaging, Metal & Foil, Others), and Region - Global Forecast to 2022"

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441 sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues