Shibuya-ku, Tokyo, Japan, Japan, Apr 16, 2021, 06:55 /Comserve / -- Field-Erected Cooling Tower Market Analysis and Forecasts By Top Manufacturers, Production, Consumptions, Trade Statistics, Size, Share, Growth, Trends, Forecast, Qualitative Analysis, Demand Forecast
The Field-Erected Cooling Tower Market research report offers the breakdown of the business by market size, pace of advancement, key players, countries, product type and applications. The report subtleties key market division to comprehend the all-encompassing ecosystem system with local effect. The Field-Erected Cooling Tower market report additionally examinations arising technological development, R&D spending by key vendors. This report contains significant data that assists with competitive analysis and size of organization. The impending Field-Erected Cooling Tower market region along with the growth status of manufacturers, decision-makers to design diverse business arrangements appropriately.
The field-erected cooling tower market is projected to grow from an estimated USD 1.78 billion in 2017 to USD 2.15 billion by 2022, at a CAGR of 3.78%, from 2017 to 2022. Stringent environmental regulations and growth in industrial activities are driving the demand for the field-erected cooling tower market across the world. The rise in alternative energy programs is a restraint for the field-erected cooling tower market.
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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
“The power generation segment is expected to hold the largest share of the field-erected cooling tower market, by end-user, during the forecast period.”
The power generation segment is the largest end-user market. Field-erected cooling towers are used to cool the circulating water. Power plants implement closed cooling systems with the towers to deal with water scarcity. The towers initiate the cooling process by reusing the water, making power plants economical and environment-friendly. The growth in the energy demand, resulting from increasing population, is likely to drive the demand for field-erected cooling towers in the power generation industry.
“Asia Pacific: The key market for field-erected cooling towers.”
The Asia Pacific region was expected to lead the field-erected cooling tower market with the largest market share in 2017 and is projected to grow at the highest CAGR from 2017 to 2022. The rising population, urbanization, and industrialization, along with growing concerns related to infrastructure development in China and India are some of the factors driving the market in this region. Further, the region is developing as the fastest growing end-market for iron & steel and metallurgy. The region houses the world’s biggest steel industry, which would further boost the field-erected cooling tower market in the region.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = Note: Others includes product engineers, sales managers, regional managers, consultants, and technical experts
The leading players in the field-erected cooling tower market are SPX (US), Hamon (Belgium), Enexio (Germany), Evapco (US), and BAC (US).
Research Coverage:
The report provides a picture of the field-erected cooling tower market across industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, design, end-user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
For the purpose of this report, the market has been segmented on the basis of type, design, end-user, and region with a focus on industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the field-erected cooling tower market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
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