| Product Code: ETC4532185 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India field-erected cooling tower market import shipment experienced a significant growth momentum from 2020 to 2024, with a notable CAGR of 16.7%. The market further accelerated between 2023 and 2024, exhibiting a remarkable growth rate of 92.9%. The market expanded rapidly, indicating a strong upward trend during the period.
The field-erected cooling tower market in India is experiencing steady growth due to the increasing demand for efficient cooling solutions in industries, power plants, and other applications. Field-erected cooling towers are essential for dissipating heat and maintaining the operational efficiency of various processes. India expanding industrial and power sectors are driving the demand for these cooling towers. Moreover, the need for environmentally friendly and water-efficient cooling systems is fostering the market`s growth. Government regulations aimed at reducing water consumption in cooling processes are also encouraging the adoption of field-erected cooling towers.
The India Field-Erected Cooling Tower market is influenced by the need to dissipate excess heat from industrial processes and power plants. Cooling towers are crucial for maintaining optimal operating conditions in various industries. India industrial growth and infrastructure development contribute to the demand for field-erected cooling towers.
The field erected cooling tower market in India encounters various challenges. The water scarcity issue in many regions of the country poses a significant challenge, as cooling towers are heavy water consumers. Stricter environmental regulations and concerns about water usage and discharge have put pressure on industries to adopt more water-efficient cooling technologies. Additionally, the availability of land for erecting cooling towers, especially in congested urban areas, can be limited and expensive. The high initial investment required for field-erected cooling towers and the need for regular maintenance also hinder their widespread adoption. These challenges collectively impact the growth of the field-erected cooling tower market in India.
The field-erected cooling tower market in India experienced a slowdown during the COVID-19 pandemic, primarily due to disruptions in construction activities and supply chains. Industrial shutdowns and reduced production also lowered the immediate demand for cooling solutions. However, as industries gradually recover and adapt to changing environmental regulations, the demand for efficient and sustainable cooling towers is expected to rebound, driving market growth in the long term.
The field-erected cooling tower market features major players like SPX Cooling Technologies, BHEL, and Evapco. These companies design and manufacture cooling towers that are essential for industrial processes, power plants, and HVAC systems, contributing to efficient heat dissipation and energy conservation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Field-Erected Cooling Tower Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Field-Erected Cooling Tower Market Revenues & Volume, 2021 & 2031F |
3.3 India Field-Erected Cooling Tower Market - Industry Life Cycle |
3.4 India Field-Erected Cooling Tower Market - Porter's Five Forces |
3.5 India Field-Erected Cooling Tower Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Field-Erected Cooling Tower Market Revenues & Volume Share, By Design, 2021 & 2031F |
3.7 India Field-Erected Cooling Tower Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Field-Erected Cooling Tower Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing industrialization in India leading to increased demand for cooling solutions |
4.2.2 Government initiatives promoting energy-efficient and sustainable cooling technologies |
4.2.3 Rising investments in infrastructure projects driving the need for field-erected cooling towers |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with field-erected cooling towers |
4.3.2 Maintenance and operational costs could be significant for end-users |
4.3.3 Competition from alternative cooling technologies such as air-cooled systems |
5 India Field-Erected Cooling Tower Market Trends |
6 India Field-Erected Cooling Tower Market, By Types |
6.1 India Field-Erected Cooling Tower Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Field-Erected Cooling Tower Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Field-Erected Cooling Tower Market Revenues & Volume, By Wet, 2021-2031F |
6.1.4 India Field-Erected Cooling Tower Market Revenues & Volume, By Dry, 2021-2031F |
6.1.5 India Field-Erected Cooling Tower Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 India Field-Erected Cooling Tower Market, By Design |
6.2.1 Overview and Analysis |
6.2.2 India Field-Erected Cooling Tower Market Revenues & Volume, By Natural, 2021-2031F |
6.2.3 India Field-Erected Cooling Tower Market Revenues & Volume, By Forced, 2021-2031F |
6.2.4 India Field-Erected Cooling Tower Market Revenues & Volume, By Induced, 2021-2031F |
6.3 India Field-Erected Cooling Tower Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 India Field-Erected Cooling Tower Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.3 India Field-Erected Cooling Tower Market Revenues & Volume, By Petrochemical , 2021-2031F |
6.3.4 India Field-Erected Cooling Tower Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.5 India Field-Erected Cooling Tower Market Revenues & Volume, By Iron & Steel , 2021-2031F |
6.3.6 India Field-Erected Cooling Tower Market Revenues & Volume, By Metallurgy, 2021-2031F |
6.3.7 India Field-Erected Cooling Tower Market Revenues & Volume, By Paper Mills, 2021-2031F |
7 India Field-Erected Cooling Tower Market Import-Export Trade Statistics |
7.1 India Field-Erected Cooling Tower Market Export to Major Countries |
7.2 India Field-Erected Cooling Tower Market Imports from Major Countries |
8 India Field-Erected Cooling Tower Market Key Performance Indicators |
8.1 Energy efficiency rating of field-erected cooling towers |
8.2 Number of infrastructure projects using field-erected cooling towers |
8.3 Adoption rate of sustainable cooling technologies in industrial sectors |
9 India Field-Erected Cooling Tower Market - Opportunity Assessment |
9.1 India Field-Erected Cooling Tower Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Field-Erected Cooling Tower Market Opportunity Assessment, By Design, 2021 & 2031F |
9.3 India Field-Erected Cooling Tower Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Field-Erected Cooling Tower Market - Competitive Landscape |
10.1 India Field-Erected Cooling Tower Market Revenue Share, By Companies, 2024 |
10.2 India Field-Erected Cooling Tower Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |