Field-Erected Cooling Tower Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Field-Erected Cooling Tower Market is segmented by Type (Wet, Dry, and Hybrid), Design (Natural, Forced, and Induced), End User (Power Generation, Petrochemical, Oil and Gas, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).

Field-Erected Cooling Tower Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Field-Erected Cooling Tower Market Size

Field-Erected Cooling Tower Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Field-Erected Cooling Tower Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Field Erected Cooling Tower Market with other markets in Energy & Power Industry

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Field-Erected Cooling Tower Market Analysis

The Field Erected Cooling Tower Market is expected to register a CAGR of greater than 3% during the forecast period.

  • The wet type segment is expected to hold the largest share in the market during the forecast period.
  • Increasing energy production from nuclear power is expected to offer lucrative opportunities to the market players in the near future.
  • Asia-Pacific is expected to dominate the market due to increased industrial activities and energy demand in the region over the forecast period.

Field-Erected Cooling Tower Industry Overview

The field-erected cooling tower market is fragmented. Some of the major players in the market include ENEXIO Management GmbH, SPX Cooling Technologies, Inc., Towertech Cooling System Pvt. Ltd, Watco Group, and Paharpur Cooling Towers Ltd.

Field-Erected Cooling Tower Market Leaders

  1. ENEXIO Management GmbH

  2. SPX Cooling Technologies, Inc.

  3. Towertech Cooling System Pvt. Ltd

  4. Watco Group

  5. Paharpur Cooling Towers LTD

  6. *Disclaimer: Major Players sorted in no particular order
Field-Erected Cooling Tower Market Concentration
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Field-Erected Cooling Tower Market News

  • In February 2020, SPX Cooling Technologies Inc. launched its new Marley MH Element Fluid Cooler, an induced-draft, crossflow closed-circuit cooling tower suitable for heating, ventilation, air conditioning (HVAC), industrial, and process cooling applications.
  • In December 2021, Specialty Welding and Turnarounds, LLC (SWAT), a leading provider of highly technical maintenance services to the chemical, refinery, renewable, and industrial markets, announced the acquisition of Midwest Cooling Tower Services (MWCTS) from Dorilton Capital. Midwest provides critical cooling tower solutions, including inspection, maintenance and repair, specialty distribution, and rental across the United States.

Field-Erected Cooling Tower Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Wet
    • 5.1.2 Dry
    • 5.1.3 Hybrid
  • 5.2 Design
    • 5.2.1 Natural
    • 5.2.2 Induced
    • 5.2.3 Forced
  • 5.3 End User
    • 5.3.1 Power Generation
    • 5.3.2 Petrochemicals
    • 5.3.3 Oil & Gas
    • 5.3.4 Other End Users
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.2 Europe
    • 5.4.3 Asia-Pacific
    • 5.4.4 Middle East & Africa
    • 5.4.5 South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ENEXIO Management GmbH
    • 6.3.2 Towertech Cooling System Pvt. Ltd
    • 6.3.3 Watco Group Ltd
    • 6.3.4 Paharpur Cooling Towers Ltd
    • 6.3.5 SPX Cooling Technologies Inc.
    • 6.3.6 Hamon & Cie International SA
    • 6.3.7 Babcock & Wilcox Enterprises Inc.
    • 6.3.8 Evapco Inc.
    • 6.3.9 Cyrco Inc.
    • 6.3.10 Marley Flow Control Pty Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Field-Erected Cooling Tower Industry Segmentation

The field-erected cooling tower market report includes:

Type Wet
Dry
Hybrid
Design Natural
Induced
Forced
End User Power Generation
Petrochemicals
Oil & Gas
Other End Users
Geography North America
Europe
Asia-Pacific
Middle East & Africa
South America
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Field-Erected Cooling Tower Market Research FAQs

What is the current Field Erected Cooling Tower Market size?

The Field Erected Cooling Tower Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Field Erected Cooling Tower Market?

ENEXIO Management GmbH, SPX Cooling Technologies, Inc., Towertech Cooling System Pvt. Ltd, Watco Group and Paharpur Cooling Towers LTD are the major companies operating in the Field Erected Cooling Tower Market.

Which is the fastest growing region in Field Erected Cooling Tower Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Field Erected Cooling Tower Market?

In 2025, the North America accounts for the largest market share in Field Erected Cooling Tower Market.

What years does this Field Erected Cooling Tower Market cover?

The report covers the Field Erected Cooling Tower Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Field Erected Cooling Tower Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Field Erected Cooling Tower Industry Report

Statistics for the 2025 Field Erected Cooling Tower market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Field Erected Cooling Tower analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.