Field Erected Cooling Tower Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Wet, Dry and Hybrid), By Design (Natural, Induced and Forced), By End-User (Power Generation, Petrochemicals, Oil & Gas and Others), By Region, Competition

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1.92 billion

CAGR (2023-2028)

4.09%

Fastest Growing Segment

Petrochemicals

Largest Market

Asia Pacific


Market Overview

The Global Market for Field-Erected Cooling Towers achieved a valuation of USD 1.92 billion in 2022, displaying a compound annual growth rate (CAGR) of 4.09% throughout the forecast period. The increasing imposition of government regulations mandating closed-loop systems for cooling procedures is driving the demand for field-erected cooling towers. Additionally, the adoption of sustainable energy in off-grid systems is steadily gaining momentum in both developed and emerging economies. Supportive governmental policies, cost reductions, and enhanced efficiency of solar photovoltaic systems also play pivotal roles in promoting sustainable energy generation. Consequently, the expansion of the field-erected cooling tower market may face limitations in the long run due to the growth of renewable energy, acting as a restraining factor for the market.

Key Market Drivers

Industrial Expansion and Infrastructure Development   

The ongoing industrial expansion and infrastructure development across various sectors are key drivers behind the growth of the global field-erected cooling tower market. As economies continue to grow and urbanize, there is a significant increase in demand for cooling solutions to dissipate excess heat generated by industrial processes and power generation. Efficient heat dissipation is crucial for industries such as power generation, petrochemicals, manufacturing, and data centers to maintain optimal operational conditions. In emerging economies, the rapid industrialization and urban development are necessitating cooling towers to support new manufacturing facilities, power plants, and commercial buildings. On the other hand, developed economies are focused on modernizing and upgrading existing infrastructure, leading to the retrofitting or replacement of older cooling systems with more advanced and efficient field-erected cooling towers. This trend of industrial growth and infrastructure development is expected to continue as economies strive to meet energy demands, promote manufacturing, and support technological advancements. The sustained demand for cooling solutions indicates a positive growth trajectory for the field-erected cooling tower market.

Stringent Environmental Regulations        

Stringent environmental regulations imposed by governments and international bodies are compelling industries to adopt cooling solutions that minimize water consumption, reduce emissions, and comply with strict discharge standards. Field-erected cooling towers, which offer benefits such as reduced water usage and efficient heat transfer, align with these regulatory requirements. Governments worldwide are implementing restrictions on water usage, discharge quality, and emissions to address environmental concerns. Cooling towers are subject to regulations that govern aspects like water treatment, chemical usage, and plume abatement. As a result, industries are turning to field-erected cooling towers that incorporate technologies for water conservation, efficient water treatment, and reduced plume formation. To mitigate penalties, reputational risks, and operational disruptions, industries are seeking cooling solutions that not only provide effective heat exchange but also adhere to environmental standards. This driver propels the adoption of field-erected cooling towers, which are designed to meet or surpass stringent regulatory requirements while maintaining operational efficiency.

 

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Key Market Challenges

Environmental Regulations and Water Scarcity Concerns   

One of the primary challenges in the global field-erected cooling tower market is navigating the intricate landscape of environmental regulations and addressing concerns related to water scarcity. Cooling towers are significant water consumers due to their evaporative nature, and their operation often involves the utilization of substantial volumes of water. However, as freshwater resources face increasing strain in various regions worldwide, regulatory bodies and communities are placing greater emphasis on water conservation. Stricter environmental regulations dictate permissible water usage, discharge limits, and the management of chemical additives used in cooling tower water treatment. This presents a challenge for industries heavily reliant on cooling towers for process cooling, as they must seek ways to reduce water consumption and minimize environmental impact. Manufacturers and users of cooling towers are compelled to adopt technologies such as advanced recirculation systems, water treatment processes that enable reuse, and alternative water sources like treated wastewater.      

Maintenance and Performance Optimization           

Maintenance is a critical aspect of ensuring the reliable and efficient operation of field-erected cooling towers. Neglecting maintenance can lead to issues such as scaling, fouling, corrosion, and even system failures. Effectively managing maintenance challenges involves addressing the build-up of minerals and deposits in the cooling tower fill, mitigating biological growth that can impact system efficiency, and monitoring the condition of structural components over time. Moreover, optimizing the performance of cooling towers necessitates continuous monitoring, data analysis, and predictive maintenance strategies. Achieving peak efficiency while minimizing unexpected shutdowns requires the integration of sophisticated monitoring systems and skilled maintenance personnel. The incorporation of technology like sensors, automation, and data analytics presents opportunities and challenges in terms of implementation, data management, and decision-making.

Key Market Trends

Sustainability and Energy Efficiency in Cooling Tower Design      

Sustainability and energy efficiency have emerged as dominant trends in the global field-erected cooling tower market. As industries and governments worldwide focus on reducing their carbon footprint and conserving energy resources, cooling tower designs are evolving to align with these goals. This trend is driven by increasing awareness of environmental impact, stringent regulations, and the need to optimize operational costs. Cooling towers are energy-intensive components of industrial processes, often consuming significant amounts of electricity to maintain efficient heat exchange. To address this challenge, manufacturers are developing innovative cooling tower designs that prioritize energy efficiency. This includes incorporating advanced technologies such as variable frequency drives (VFDs) to control fan speed based on load requirements. By adjusting fan speed, cooling towers can maintain optimal heat exchange while minimizing energy consumption during periods of lower demand. Additionally, sustainable materials and water management solutions are gaining prominence. Cooling towers are being constructed with eco-friendly materials and designed to minimize water usage through advanced recirculation systems and water treatment technologies. Hybrid cooling systems that combine multiple cooling methods, such as evaporative cooling and air cooling, are also being adopted to further optimize energy efficiency. As sustainability and energy efficiency become central considerations for businesses and industries, the integration of these principles into cooling tower design will continue to shape the market. Manufacturers that offer technologically advanced, environmentally conscious solutions stand to gain a competitive edge as the global cooling tower market evolves to meet the demands of a greener future.

Segmental Insights

Type Insights

Wet segment is expected to dominate the market during the forecast period. Wet type field-erected cooling towers operate based on the principle of evaporative cooling. This process involves exposing warm water to air in a manner that facilitates water evaporation, resulting in heat dissipation and the production of cooled water that can be recirculated for various industrial processes. Wet type cooling towers find extensive application in industries that generate excess heat during their operations, including power generation, petrochemicals, manufacturing, and data centers. They play a vital role in maintaining process efficiency and reliability. Moreover, wet type cooling towers are often more compact than their dry counterparts, making them suitable for space-constrained applications. The evaporative cooling process consumes less energy compared to solely air-cooled systems, as water evaporation requires less energy than forced air cooling. For the growing concern for environmental sustainability, there is an increasing demand for more eco-friendly cooling solutions. Wet type cooling towers can be designed with water-efficient features and water treatment systems to align with sustainability objectives. Hybrid cooling systems that combine wet and dry cooling technologies are gaining popularity, as they offer optimized performance while reducing water usage.

Design Insights

Induced segment is expected to dominate the market during the forecast period. The "induced draft" segment in the global field-erected cooling tower market refers to a specific configuration where airflow is generated by an induced draft fan positioned at the top of the tower. This design facilitates efficient heat exchange and cooling by pulling air through the tower. In an induced draft cooling tower, the airflow is directed from the bottom to the top of the tower. As warm water is sprayed or distributed at the tower's top, the induced draft fan draws air through the tower, promoting heat transfer and water evaporation. By creating a negative pressure zone at the top of the tower, the induced draft fan ensures uniform airflow distribution across the cooling medium, typically a fill material, resulting in improved heat exchange efficiency. Advancements in fan technology, including more efficient and quieter designs, offer opportunities to enhance the performance and energy efficiency of induced draft cooling towers. Energy efficiency is a prominent trend in the cooling tower market, and the potential for improved heat exchange efficiency offered by the induced draft design aligns with the industry's focus on minimizing energy consumption.

 

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Regional Insights

Asia-Pacific is expected to dominate the market during the forecast period. The Asia-Pacific region plays a significant role in the global field-erected cooling tower market, driven by rapid industrialization, population growth, expanding energy demands, and increasing environmental sustainability awareness. The region's diverse economies contribute to a dynamic landscape for cooling tower demand and innovation. Robust industrial growth is witnessed across sectors like power generation, manufacturing, petrochemicals, and more. As industries expand, the need for efficient heat dissipation through cooling towers becomes vital for maintaining operational efficiency. Urbanization in the Asia-Pacific region fuels the construction of commercial buildings, residential complexes, and industrial facilities, leading to an increased demand for cooling solutions to manage excess heat generated by urban centers. Hybrid cooling systems that combine evaporative cooling with air cooling are gaining traction, offering efficient heat dissipation while addressing water scarcity concerns. Furthermore, the integration of smart sensors, data analytics, and automation into cooling tower systems represents a growing trend. These advanced technologies enhance operational efficiency, enable predictive maintenance, and provide real-time insights.

Recent Developments

  • In February 2020, SPX Cooling Technologies Inc. introduced the Marley MH Element Fluid Cooler. This cutting-edge induced-draft, crossflow closed-circuit cooling tower is well-suited for a wide range of applications, including heating, ventilation, air conditioning (HVAC), industrial, and process cooling.
  • In December 2021, Specialty Welding and Turnarounds, LLC (SWAT), a leading provider of highly technical maintenance services to the chemical, refinery, renewable, and industrial sectors, proudly announced the acquisition of Midwest Cooling Tower Services (MWCTS) from Dorilton Capital. Midwest is renowned for delivering essential cooling tower solutions, encompassing inspection, maintenance and repair, specialty distribution, and rental services across the United States.
  • In July 2021, Baltimore Aircoil Company (BAC) completed the acquisition of Eurocoil, an Italian-based company. This strategic move further enhances Baltimore Aircoil Company's position in the global cooling market.
  • In May 2021, Hamon-Esindus was selected to provide two cooling towers for the Dos Bocas refinery in Mexico, playing a significant role in the industrial development of the Mexican oil and gas market. This achievement solidifies Hamon-Esindus' leadership position in the Mexican cooling tower market.
  • In April 2020, SPIG, a subsidiary of Babcock and Wilcox Enterprise, was awarded a contract worth over USD 3 million by BASF Antwerp NV, a prominent chemicals, plastic, and performance products producer and exporter. The contract encompasses the design and supply of two cooling towers for BASF's plant in Antwerp, Belgium.
  • In February 2020, Babcock and Wilcox Enterprise secured an USD 18 million contract to provide cooling technologies and associated services for oil, gas, and petrochemical industrial facilities. This contract aims to enhance and expand the plant's cooling capacity.

Key Market Players

  • ENEXIO Management GmbH
  • Towertech Cooling System Pvt. Ltd
  • Watco Group Ltd
  • Paharpur Cooling Towers Ltd
  • SPX Cooling Technologies Inc.
  • Hamon & Cie International SA
  • Babcock & Wilcox Enterprises Inc.
  • Evapco Inc.
  • Cyrco Inc.
  • Marley Flow Control Pty Ltd   

By Type

By Design

By End-User

By Region
  • Wet
  • Dry
  • Hybrid
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

Report Scope:

In this report, the Global Field Erected Cooling Tower Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Field Erected Cooling Tower Market, By Type:

o   Wet

o   Dry

o   Hybrid       

  • Global Field Erected Cooling Tower Market, By Design:

o   Natural

o   Induced

o   Forced    

  • Global Field Erected Cooling Tower Market, By End-User:

o   Power Generation

o   Petrochemicals

o   Oil & Gas

o   Others

  • Global Field Erected Cooling Tower Market, By Region:

o   North America

o   Europe

o   South America

o   Middle East & Africa

o   Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Field Erected Cooling Tower Market.

Available Customizations:

Global Field Erected Cooling Tower Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Field Erected Cooling Tower Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Field Erected Cooling Tower Market

5.    Voice of Customer

6.    Global Field Erected Cooling Tower Market Overview

7.    Global Field Erected Cooling Tower Market Outlook

7.1.    Market Size & Forecast

7.1.1.  By Value

7.2.    Market Share & Forecast

7.2.1.  By Type (Wet, Dry and Hybrid)

7.2.2.  By Design (Natural, Induced and Forced)

7.2.3.  By End-User (Power Generation, Petrochemicals, Oil & Gas and Others)

7.2.4.  By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2022)

7.4.    Market Map

8.    North America Field Erected Cooling Tower Market Outlook

8.1.    Market Size & Forecast

8.1.1.  By Value

8.2.    Market Share & Forecast

8.2.1.  By Type

8.2.2.  By Design

8.2.3.  By End-User

8.2.4.  By Country

8.2.4.1.        United States Field Erected Cooling Tower Market Outlook

8.2.4.1.1.        Market Size & Forecast

8.2.4.1.1.1.    By Value

8.2.4.1.2.        Market Share & Forecast

8.2.4.1.2.1.    By Type

8.2.4.1.2.2.    By Design

8.2.4.1.2.3.    By End-User

8.2.4.2.        Canada Field Erected Cooling Tower Market Outlook

8.2.4.2.1.        Market Size & Forecast

8.2.4.2.1.1.    By Value

8.2.4.2.2.        Market Share & Forecast

8.2.4.2.2.1.    By Type

8.2.4.2.2.2.    By Design

8.2.4.2.2.3.    By End-User

8.2.4.3.        Mexico Field Erected Cooling Tower Market Outlook

8.2.4.3.1.        Market Size & Forecast

8.2.4.3.1.1.    By Value

8.2.4.3.2.        Market Share & Forecast

8.2.4.3.2.1.    By Type

8.2.4.3.2.2.    By Design

8.2.4.3.2.3.    By End-User

9.    Europe Field Erected Cooling Tower Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.  By Type

9.2.2.  By Design

9.2.3.  By End-User

9.2.4.  By Country

9.2.4.1.        Germany Field Erected Cooling Tower Market Outlook

9.2.4.1.1.        Market Size & Forecast

9.2.4.1.1.1.    By Value

9.2.4.1.2.        Market Share & Forecast

9.2.4.1.2.1.    By Type

9.2.4.1.2.2.    By Design

9.2.4.1.2.3.    By End-User

9.2.4.2.        France Field Erected Cooling Tower Market Outlook

9.2.4.2.1.        Market Size & Forecast

9.2.4.2.1.1.    By Value

9.2.4.2.2.        Market Share & Forecast

9.2.4.2.2.1.    By Type

9.2.4.2.2.2.    By Design

9.2.4.2.2.3.    By End-User

9.2.4.3.        United Kingdom Field Erected Cooling Tower Market Outlook

9.2.4.3.1.        Market Size & Forecast

9.2.4.3.1.1.    By Value

9.2.4.3.2.        Market Share & Forecast

9.2.4.3.2.1.    By Type

9.2.4.3.2.2.    By Design

9.2.4.3.2.3.    By End-User

9.2.4.4.        Italy Field Erected Cooling Tower Market Outlook

9.2.4.4.1.        Market Size & Forecast

9.2.4.4.1.1.    By Value

9.2.4.4.2.        Market Share & Forecast

9.2.4.4.2.1.    By Type

9.2.4.4.2.2.    By Design

9.2.4.4.2.3.    By End-User

9.2.4.5.        Spain Field Erected Cooling Tower Market Outlook

9.2.4.5.1.        Market Size & Forecast

9.2.4.5.1.1.    By Value

9.2.4.5.2.        Market Share & Forecast

9.2.4.5.2.1.    By Type

9.2.4.5.2.2.    By Design

9.2.4.5.2.3.    By End-User

10. South America Field Erected Cooling Tower Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1.    By Type

10.2.2.    By Design

10.2.3.    By End-User

10.2.4.    By Country

10.2.4.1.     Brazil Field Erected Cooling Tower Market Outlook

10.2.4.1.1.   Market Size & Forecast

10.2.4.1.1.1.             By Value

10.2.4.1.2.   Market Share & Forecast

10.2.4.1.2.1.             By Type

10.2.4.1.2.2.             By Design

10.2.4.1.2.3.             By End-User

10.2.4.2.     Colombia Field Erected Cooling Tower Market Outlook

10.2.4.2.1.   Market Size & Forecast

10.2.4.2.1.1.             By Value

10.2.4.2.2.   Market Share & Forecast

10.2.4.2.2.1.             By Type

10.2.4.2.2.2.             By Design

10.2.4.2.2.3.             By End-User

10.2.4.3.     Argentina Field Erected Cooling Tower Market Outlook

10.2.4.3.1.   Market Size & Forecast

10.2.4.3.1.1.             By Value

10.2.4.3.2.   Market Share & Forecast

10.2.4.3.2.1.             By Type

10.2.4.3.2.2.             By Design

10.2.4.3.2.3.             By End-User

11. Middle East & Africa Field Erected Cooling Tower Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1.    By Type

11.2.2.    By Design

11.2.3.    By End-User

11.2.4.    By Country

11.2.4.1.     Saudi Arabia Field Erected Cooling Tower Market Outlook

11.2.4.1.1.   Market Size & Forecast

11.2.4.1.1.1.             By Value

11.2.4.1.2.   Market Share & Forecast

11.2.4.1.2.1.             By Type

11.2.4.1.2.2.             By Design

11.2.4.1.2.3.             By End-User

11.2.4.2.     UAE Field Erected Cooling Tower Market Outlook

11.2.4.2.1.   Market Size & Forecast

11.2.4.2.1.1.             By Value

11.2.4.2.2.   Market Share & Forecast

11.2.4.2.2.1.             By Type

11.2.4.2.2.2.             By Design

11.2.4.2.2.3.             By End-User

11.2.4.3.     South Africa Field Erected Cooling Tower Market Outlook

11.2.4.3.1.   Market Size & Forecast

11.2.4.3.1.1.             By Value

11.2.4.3.2.   Market Share & Forecast

11.2.4.3.2.1.             By Type

11.2.4.3.2.2.             By Design

11.2.4.3.2.3.             By End-User

12. Asia Pacific Field Erected Cooling Tower Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Type

12.1.2.    By Design

12.1.3.    By End-User

12.1.4.    By Country

12.1.4.1.     China Field Erected Cooling Tower Market Outlook

12.1.4.1.1.   Market Size & Forecast

12.1.4.1.1.1.             By Value

12.1.4.1.2.   Market Share & Forecast

12.1.4.1.2.1.             By Type

12.1.4.1.2.2.             By Design

12.1.4.1.2.3.             By End-User

12.1.4.2.     India Field Erected Cooling Tower Market Outlook

12.1.4.2.1.   Market Size & Forecast

12.1.4.2.1.1.             By Value

12.1.4.2.2.   Market Share & Forecast

12.1.4.2.2.1.             By Type

12.1.4.2.2.2.             By Design

12.1.4.2.2.3.             By End-User

12.1.4.3.     Japan Field Erected Cooling Tower Market Outlook

12.1.4.3.1.   Market Size & Forecast

12.1.4.3.1.1.             By Value

12.1.4.3.2.   Market Share & Forecast

12.1.4.3.2.1.             By Type

12.1.4.3.2.2.             By Design

12.1.4.3.2.3.             By End-User

12.1.4.4.     South Korea Field Erected Cooling Tower Market Outlook

12.1.4.4.1.   Market Size & Forecast

12.1.4.4.1.1.             By Value

12.1.4.4.2.   Market Share & Forecast

12.1.4.4.2.1.             By Type

12.1.4.4.2.2.             By Design

12.1.4.4.2.3.             By End-User

12.1.4.5.     Australia Field Erected Cooling Tower Market Outlook

12.1.4.5.1.   Market Size & Forecast

12.1.4.5.1.1.             By Value

12.1.4.5.2.   Market Share & Forecast

12.1.4.5.2.1.             By Type

12.1.4.5.2.2.             By Design

12.1.4.5.2.3.             By End-User

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   ENEXIO Management GmbH

15.1.1.        Business Overview

15.1.2.        Key Revenue and Financials  

15.1.3.        Recent Developments

15.1.4.        Key Personnel

15.1.5.        Key Product/Services Offered

15.2.   Towertech Cooling System Pvt. Ltd

15.2.1.        Business Overview

15.2.2.        Key Revenue and Financials  

15.2.3.        Recent Developments

15.2.4.        Key Personnel

15.2.5.        Key Product/Services Offered

15.3.   Watco Group Ltd

15.3.1.        Business Overview

15.3.2.        Key Revenue and Financials  

15.3.3.        Recent Developments

15.3.4.        Key Personnel

15.3.5.        Key Product/Services Offered

15.4.   Paharpur Cooling Towers Ltd

15.4.1.        Key Revenue and Financials  

15.4.2.        Recent Developments

15.4.3.        Key Personnel

15.4.4.        Key Product/Services Offered

15.5.   SPX Cooling Technologies Inc.

15.5.1.        Business Overview

15.5.2.        Key Revenue and Financials  

15.5.3.        Recent Developments

15.5.4.        Key Personnel

15.5.5.        Key Product/Services Offered

15.6.   Hamon & Cie International SA

15.6.1.        Business Overview

15.6.2.        Key Revenue and Financials  

15.6.3.        Recent Developments

15.6.4.        Key Personnel

15.6.5.        Key Product/Services Offered

15.7.   Babcock & Wilcox Enterprises Inc.

15.7.1.        Business Overview

15.7.2.        Key Revenue and Financials  

15.7.3.        Recent Developments

15.7.4.        Key Personnel

15.7.5.        Key Product/Services Offered

15.8.   Evapco Inc.

15.8.1.        Business Overview

15.8.2.        Key Revenue and Financials  

15.8.3.        Recent Developments

15.8.4.        Key Personnel

15.8.5.        Key Product/Services Offered

15.9.   Cyrco Inc.

15.9.1.        Business Overview

15.9.2.        Key Revenue and Financials  

15.9.3.        Recent Developments

15.9.4.        Key Personnel

15.9.5.        Key Product/Services Offered

15.10.Marley Flow Control Pty Ltd

15.10.1.     Business Overview

15.10.2.     Key Revenue and Financials  

15.10.3.     Recent Developments

15.10.4.     Key Personnel

15.10.5.     Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Field Erected Cooling Tower Market was estimated to be USD 1.92 billion in 2022.

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Wet segment is expected to dominate the market during the forecast period. Wet type field-erected cooling towers operate based on the principle of evaporative cooling. This process involves exposing warm water to air in a manner that facilitates water evaporation, resulting in heat dissipation and the production of cooled water that can be recirculated for various industrial processes. Wet type cooling towers find extensive application in industries that generate excess heat during their operations, including power generation, petrochemicals, manufacturing, and data centers.

down-arrow

Environmental Regulations and Water Scarcity Concerns are some of the challenges of Global Field Erected Cooling Tower Market.

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Industrial Expansion and Infrastructure Development are some of the drivers of Global Field Erected Cooling Tower Market.

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Parvati Sharma

Account Manager BD
Press Release

Field Erected Cooling Tower Market is expected to grow at a robust CAGR

Nov, 2023

Global Field Erected Cooling Tower Market is expected to grow owing to increasing government regulations implementing the use of closed-loop systems throughout the forecast period.

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