Product Code: GVR-4-68040-433-9
Field-erected Cooling Tower Market Trends:
The global field-erected cooling tower market size was estimated at USD 2.10 billion in 2023 and is projected to grow at a CAGR of 3.5% from 2024 to 2030. The rising demand for field-erected cooling towers is primarily due to the increasing need for large-scale industrial and power generation cooling solutions. As industries and power plants aim for higher efficiency and productivity, the requirement for effective cooling systems that can handle substantial thermal loads has become paramount. Field-erected cooling towers, known for their customizability and capacity to cool vast amounts of water, are becoming the go-to option for sectors such as power generation, petrochemicals, and heavy manufacturing. This surge in demand is driven by the global expansion of industrial activities and the need for more environmentally friendly cooling processes to better manage water usage and reduce thermal pollution.
The demand for field-erected cooling towers, encompassing dry, wet, and hybrid types, is witnessing a significant evolution, driven by the global need for efficient cooling solutions across various industries such as power generation, petrochemicals, and HVAC systems for large infrastructure projects. Dry cooling towers, favored for their minimal water usage, are becoming increasingly popular in regions facing water scarcity. On the other hand, wet cooling towers remain the choice for their efficiency and cost-effectiveness in applications where water availability is not a concern. Meanwhile, hybrid cooling towers, combining the benefits of both dry and wet systems, are gaining traction for their ability to offer operational flexibility and enhanced cooling efficiency, particularly in varying climatic conditions. This diversification in demand reflects the industry's move towards more sustainable and adaptable cooling solutions, catering to the specific needs and environmental regulations of different markets.
Global Field-Erected Cooling Tower Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global field-erected cooling tower market based on tower type, design, end use, and region:
- Tower Type Outlook (Revenue, USD Million, 2018 - 2030)
- Wet
- Dry
- Hybrid
- Design Outlook (Revenue, USD Million, 2018 - 2030)
- Natural Draft
- Forced Draft
- Induced Draft
- End use Outlook (Revenue, USD Million, 2018 - 2030)
- Power Generation
- Petrochemicals & Oil & Gas
- Iron & Steel
- Metallurgy
- Paper Mills
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Field-Erected Cooling Tower Market Variables, Trends, & Scope
- 3.1. Market Concentration & Penetration Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Supplier Outlook
- 3.2.2. Component Supplier Outlook
- 3.2.3. Manufacturer Outlook
- 3.2.4. Distribution Outlook
- 3.2.5. End user Outlook
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Drivers Analysis
- 3.5.2. Market Restraints Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Field-Erected Cooling Tower Market Analysis Tools
- 3.6.1. Porter's Analysis
- 3.6.1.1. Bargaining power of the suppliers
- 3.6.1.2. Bargaining power of the buyers
- 3.6.1.3. Threats of substitution
- 3.6.1.4. Threats from new entrants
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Economic and Social landscape
- 3.6.2.3. Technological landscape
- 3.6.2.4. Environmental landscape
- 3.6.2.5. Legal landscape
- 3.7. Economic Mega Trend Analysis
Chapter 4. Field-Erected Cooling Tower Market: Tower Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Field-Erected Cooling Tower Market: Tower Type Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Wet
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Dry
- 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Hybrid
- 4.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Field-Erected Cooling Tower Market: Design Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Field-Erected Cooling Tower Market: Design Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Natural Draft
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Forced Draft
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Induced Draft
- 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Field-Erected Cooling Tower Market: End use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Field-Erected Cooling Tower Market: End use Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Power Generation
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Petrochemicals & Oil & Gas
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Iron & Steel
- 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Metallurgy
- 6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Paper Mills
- 6.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Others
- 6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Field-Erected Cooling Tower Market: Region Estimates & Trend Analysis
- 7.1. Field-Erected Cooling Tower Market Share, By Region, 2023 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.2.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.2.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.5.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.2.5.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.2.5.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.6.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.2.6.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.2.6.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.7.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.2.7.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.2.7.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.3.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.3.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.3.5.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.3.5.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.3.6.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.3.6.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.3.7.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.3.7.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.3.8.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.3.8.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.3.9.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.3.9.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.4.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.4.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.4.5.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.4.5.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.4.6.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.4.6.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.4.7.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.4.7.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.4.8.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.4.8.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.9.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.4.9.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.4.9.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.5.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.5.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.5.5.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.5.5.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.5.6.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.5.6.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.6.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.6.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.6.5.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.6.5.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.6.6.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.6.6.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.6.7. UAE
- 7.6.7.1. Field-Erected Cooling Tower Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.7.2. Field-Erected Cooling Tower Market Estimates and Forecasts by Tower Type, 2018 - 2030 (USD Million)
- 7.6.7.3. Field-Erected Cooling Tower Market Estimates and Forecasts by Design, 2018 - 2030 (USD Million)
- 7.6.7.4. Field-Erected Cooling Tower Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis, 2023
- 8.5. Company Heat Map Analysis, 2023
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. SPX Cooling Technologies, Inc.
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Type Benchmarking
- 8.7.1.4. Strategic Initiatives
- 8.7.2. ENEXIO Management GmbH
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Type Benchmarking
- 8.7.2.4. Strategic Initiatives
- 8.7.3. Hamon & Cie (International) SA
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Type Benchmarking
- 8.7.3.4. Strategic Initiatives
- 8.7.4. Baltimore Aircoil Company, Inc.
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Type Benchmarking
- 8.7.4.4. Strategic Initiatives
- 8.7.5. Paharpur Cooling Towers Ltd.
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Type Benchmarking
- 8.7.5.4. Strategic Initiatives
- 8.7.6. Babcock & Wilcox Enterprises, Inc.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Type Benchmarking
- 8.7.6.4. Strategic Initiatives
- 8.7.7. Brentwood Industries, Inc.
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Type Benchmarking
- 8.7.7.4. Strategic Initiatives
- 8.7.8. Delta Cooling Towers P. Ltd.
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Type Benchmarking
- 8.7.8.4. Strategic Initiatives
- 8.7.9. Evapco, Inc.
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Type Benchmarking
- 8.7.9.4. Strategic Initiatives
- 8.7.10. International Cooling Tower Inc.
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Type Benchmarking
- 8.7.10.4. Strategic Initiatives
- 8.7.11. Mesan
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Type Benchmarking
- 8.7.11.4. Strategic Initiatives
- 8.7.12. Evaptech, Inc.
- 8.7.12.1. Participant's Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Type Benchmarking
- 8.7.12.4. Strategic Initiatives
- 8.7.13. Composite Cooling Solutions, L.P.
- 8.7.13.1. Participant's Overview
- 8.7.13.2. Financial Performance
- 8.7.13.3. Type Benchmarking
- 8.7.13.4. Strategic Initiatives
- 8.7.14. Cycro, inc.
- 8.7.14.1. Participant's Overview
- 8.7.14.2. Financial Performance
- 8.7.14.3. Type Benchmarking
- 8.7.14.4. Strategic Initiatives
- 8.7.15. STAR Cooling Towers
- 8.7.15.1. Participant's Overview
- 8.7.15.2. Financial Performance
- 8.7.15.3. Type Benchmarking
- 8.7.15.4. Strategic Initiatives