Cooling Tower Market 2019-2025 Revenue Forecast By Global Industry Players
Category: #headlines  By Deepak Pardhi  Date: 2019-07-16
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Cooling Tower Market 2019-2025 Revenue Forecast By Global Industry Players

Cooling Tower Market Report offered by Global Market Insights gives a market overview of the pump industry which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2025. 

Cooling Tower Market share is predicted to surpass USD 3 billion by 2025. Rising investments pertaining to the expansion of industrial sector across the emerging economies along with ongoing improvement in conventional technologies of thermal power plants will foster the cooling tower market growth.

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The U.S. cooling tower market in 2018, accounted for over USD 250 million. Favorable regulatory norms to accelerate the adoption of sustainable power generation coupled with rapid advancements in the manufacturing sector will increase the product penetration. Paradigm shift in the respective government norms are redefining the domestic manufacturing sector which will further boost the industry growth.

Expanding industrial infrastructure primarily across the developing nations along with the requirement of high heat load will boost the natural cooling tower market growth. Reduced noise emissions, low energy consumption, low maintenance cost and longer service life are some of the key features which will significantly increase the product adoption.

Package cooling tower market is anticipated to expand over 5% by 2025. Flexible site replacement and simplified electrical wiring & piping are among the major advantages which will positively impact the business growth. Furthermore, the rising investments toward automotive, textile and food processing industry will accelerate the product adoption.

Fiber reinforced plastic will onlook growth on the grounds of their rigidity, non-corrosion, simplified installation, ability to resist extreme climate conditions, economic viability and greater strength characteristics. Their growing use in production of various components and ongoing technological advancements will stimulate the industry growth.

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Counterflow cooling tower market holds majority share on the grounds of increased air to water contact flow area and reduced space requirement & noise emission. In these cooling towers, the direction of the induced air is opposite to that of the water flow. In addition, counterflow tower serves better in spaces where low operating weight is required. The increased adoption of these systems across manufacturing sector, power plants and heavy industries encourage the product penetration. Ongoing investment in the upstream sector across the Asia Pacific & Middle East region will positively influence the business landscape. Prevailing expansion & refurbishment of oil refineries will further boost the cooling tower market growth. For instance, reliance industry in September 2017, proposed to boost the oil refining capacity of its Jamnagar refinery by 30 million tons per year

Eminent players operating in the cooling tower market are Haman, International Cooling, Reymsa, BERG, Bell Cooling Tower, Mesan, Evapco, ENGIE, Paharpur Cooling Tower, SPIG, Star Cooling, Perfect Cooling Thermax, SPX Cooling, Thermal Care, Baltimore, Johnson Controls, Brentwood, ENEXIO and Delta.

Related news - https://www.fractovia.org/news/industry-research-report/cooling-tower-market

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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