Global Field Erected Cooling Tower Market 2022-2026

Global Field Erected Cooling Tower Market 2022-2026

Technavio has been monitoring the field erected cooling tower market and it is poised to grow by $ 237.46 mn during 2022-2026, progressing at a CAGR of 2.42% during the forecast period. Our report on the field erected cooling tower market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing demand for re-engineered or refurbished field erected cooling towers and increasing number of natural gas-fired power plants. In addition, growing demand for re-engineered or refurbished field erected cooling towers is anticipated to boost the growth of the market as well.

The field erected cooling tower market analysis includes the product segment and geographic landscape.

Technavio's field erected cooling tower market is segmented as below:

By Product

• Wet
• Dry
• Hybrid

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• MEA

This study identifies the growing power sector and augmented power generation capacities worldwideas one of the prime reasons driving the field erected cooling tower market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on field erected cooling tower market covers the following areas:

• Field erected cooling tower market sizing
• Field erected cooling tower market forecast
• Field erected cooling tower market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading field erected cooling tower market vendors that include Babcock and Wilcox Enterprises Inc., Delta Cooling Towers P. Ltd., ENEXIO Management GmbH, EVAPCO Inc., Hamon and Cie (International) SA, Marley Flow Control Pty Ltd., MESAN Group, Paharpur Cooling Towers Ltd., SPX Corp., and WATCO Group Pte Ltd. Also, the field erected cooling tower market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Babcock and Wilcox Enterprises Inc., Delta Cooling Towers P. Ltd., ENEXIO Management GmbH, EVAPCO Inc., Hamon and Cie (International) SA, Marley Flow Control Pty Ltd., MESAN Group, Paharpur Cooling Towers Ltd., SPX Corp., WATCO Group Pte Ltd.