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Cooling Tower Rental Market Worth 0.99 Billion USD by 2022


News provided by

MarketsandMarkets

23 Oct, 2017, 15:30 GMT

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PUNE, India, October 23, 2017 /PRNewswire/ --

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The report "Cooling Tower Rental Market by Type (Wet, Dry, Hybrid), Design (Mechanical Draft, Natural Draft), Capacity (Up To 500 Tons,500-1000 Tons ,1000-1500 Tons,1500-3000 Tons and Above 3000 Tons), End-User , Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is expected to grow from an estimated USD 0.77 Billion in 2017 to USD 0.99 Billion by 2022, at a CAGR of 5.18%, during the forecast period. This growth can be attributed to the factors such as rise in the number of HVACR deployments and growth in industrial activities, stringent environmental regulations, the need for emergency supplemental cooling, and the economic benefits of Cooling Tower Rental over cooling tower purchase.

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Browse 74 Market Data Tables and 38 Figures spread through 145 Pages and in-depth TOC on "Cooling Tower Rental Market"

http://www.marketsandmarkets.com/Market-Reports/cooling-tower-rental-market-247029325.html

Early buyers will receive 10% customization on this report 

The wet segment is expected to hold the largest share of the Cooling Tower Rental Market, by type, during the forecast period. 

The wet segment led the Cooling Tower Rental Market in 2016 and is expected to grow at a decent pace during the forecast period. High growth in North America is driven by higher demand from the growing power generation, chemical, and oil & gas application segments in the region which is the main reason for the large market share held by the segment.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=247029325

The industrial segment is expected to be the largest segment of the Cooling Tower Rental Market. 

The industrial segment is expected to be the largest segment of the Cooling Tower Rental Market, by end-user, in 2017. The governments of developing nations around the world are spending heavily on the construction industry. The demand for rental cooling towers in the industrial segment is driven by the growing building and construction industry and increased government investments in infrastructure projects resulting in the installation of HVACR systems. These installations have strengthened the Cooling Tower Rental Market in developing countries.

North America: the leading Cooling Tower Rental Market 

In this report, the Cooling Tower Rental Market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The North America market is expected to lead the cooling tower rental, by region. The increasing need for electrical energy and a significant growth in the food & beverage industry in the region will drive the market during the forecast period in the region.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=247029325

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Cooling Tower Rental Market. They are Aggreko (U.S.), Caterpillar, Inc. (U.S.), Trane, SPX Corporation (US), united rental and Sunbelt rental (U.S.) and Johnson Controls. The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.

Browse Related Reports: 

Field-Erected Cooling Tower Market by Type (Wet, Dry, & Hybrid), by End-User (Power Generation, Petrochemical and Oil & Gas, Iron & Steel and Metallurgy, Paper Mills, and Others) & Region - Global Trends & Forecasts to 2021

http://www.marketsandmarkets.com/Market-Reports/field-erected-cooling-tower-market-50631938.html

Power Rental Market by Fuel (Diesel, Gas, Dual Fuel & HFO), Power Rating, End Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping), Application (Peak Shaving, Base Load, Stand by), by Region - Global Forecasts to 2022

http://www.marketsandmarkets.com/Market-Reports/rental-power-generation-market-744.html

Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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