Zion Market Research Global Field-Erected Cooling Tower Market, 2016–20 | Page 3

Field-Erected Cooling Tower Market
support for installation of new power plants to meet increasing demand of the population
may further give rise to improved productivity of the market. However, unstable oil prices,
diminishing oil & gas reservoirs, and increasing demand compared to production of steel
may hinder the global field-erected cooling tower market growth.
Global Field-Erected Cooling Tower Market by Segmentation: The global field-erected
cooling tower market is categorized based on type as hybrid field erected a cooling tower,
wet field erected a cooling tower, and dry field erected cooling tower. Of these, wet field
erected cooling tower is the leading segment across the world contributing the largest
share. Based on end-users, the global market is classified as iron & steel and metallurgy,
power generation, paper mills, petrochemical and oil & gas, and others. Of these, power
generation is the dominating region across the world.
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Global Field-Erected Cooling Tower Market by Regional Analysis: Asia Pacific is the
dominating region in the global field-erected cooling tower market due to increasing
urbanization and increasing energy demand across the world. Other economically
developing countries such as Brazil, China, and India. However, government focus on the
installation of power plants for higher generation of electricity and to compete for ever-
increasing electricity demand in future may boost the global market growth. Ever increasing
population and economic stability in China and India are anticipated to propel the global
field-erected cooling tower market growth. Rising demand for improved electricity for the
household purpose, industrial, and transport may open up new growth opportunities in