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Shift From Conventional Fuels to New Hybrid Fuels to Keep the Environment Safe for Future Shall Support the Growth of Global Cooling Tower Market

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News provided by

Transparency Market Research

27 Mar, 2020, 13:30 GMT

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  • Europe's contribution towards green environment is remarkable. The region has a strict no-tolerance policy against emission of greenhouse gases and over use of fossil fuels
  • The global cooling tower market is expected to witness a consistent 3% CAGR during the tenure of 2019 to 2027

ALBANY, New York, March 27, 2020 /PRNewswire/ -- A recent Transparency Market Research Report states that the global cooling tower market is projected to witness a substantial growth during the tenure of 2019 to 2027. As per the study, the growth of the market is attributed to the growing industrialization in developing countries where massive cooling towers are being installed to cater to the issue of overheating of the facilities. Looking at the growth in the number of such installations, the experts at Transparency Market Research predicts that global cooling tower market is expected to witness a robust 3% CAGR during this time frame. Moreover, the market shall reach to the mark of ~US$ 5 Bn by the end of 2027, says the report by Transparency Market Research.

Key Findings in the Global Cooling Tower Market Study

  • According to IEA, the investments in nuclear power plants are expected to surpass ~US$ 1.1 Trillion by the end of 2040. These investments are the result of growing focuses of countries like China and India to produce more nuclear energy in coming future.
  • The field-erected towers under the construction category are expected to dominate the market. This dominance of the market is the result of growing preference of oil and gas companies to use custom cooling towers as per their location.
  • The evaporative segment under heat transfer category is anticipated to have a major share in global cooling tower market during the tenure of 2019 to 2027.

Explore the latest study on global cooling tower market under the title: Cooling Tower Market (Construction: Field-erected Products (FEP) and Factory-assembled Products (FAP); Draft: Induced Draft, Natural Draft, and Forced Draft; Method of Heat Transfer: Evaporative, Dry, and Hybrid; and End-use Industry: Power, Oil & Gas, HVAC, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/cooling-tower-market.html

Major Drivers Driving the Growth of Global Cooling Tower Market

Growing Oil and Gas Industry to Propel the Market

Oil and gas industry is witnessing a major boom these days. The industry is using massive machine in the field that produces tremendous heat. In order to keep the machines at normal temperature, the businesses in oil and gas industry are extensively using cooling towers across the globe. Owing to these applications, the global cooling tower market is expected to witness a massive growth during the tenure of 2019 to 2027.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2022

Increasing Application of HVAC Boosts the Growth of the Market

HVACs are massively used in various businesses across the globe. These machines are used to keep the temperature controlled in massive commercial and residential buildings across the globe. However, for best results, the HVACs must be kept cool. Owing to this rise in the use of HVACs across the globe, the cooling tower market shall witness the projected growth during the forecast period of 2019 to 2027.

Major Roadblocks that Might Hamper the Growth of Global Cooling Tower Market

The report on global cooling tower market by Transparency Market Research not just enlightens the readers with positive aspects of the market. It also helps them to cautiously monitor the challenges that might impede their personal growth. With the help of these insights, the players can deduce certain strategies that might help them withstand the impacts that these challenges might put in front of players of global cooling tower market.

Analyze cooling tower market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Global Cooling Tower Market: Regional Analysis

On regional front, the global cooling market is dominated by Europe. This prominence of the region is the result of no-tolerance policies against emission of harmful gases in the atmosphere. To comply with these regulations, the businesses in region are using electric equipments. However, these machines need high performance cooling units that can keep them running. Owing to these developments, the global cooling towers market has a bright future in Europe during the tenure of 2019 to 2027.

Competitive Analysis

The global cooling tower market is highly competitive and moderately fragmented. This nature of the market is the result of the presence of a handful of prominent players that are dominating the dynamics of the market. However, due to this scenario, the new players might find it difficult to enter the global cooling tower market.

Therefore, these players are indulging in strategies such as mergers and collaborations to acquire adequate resources that can help them gain sustainability in the global cooling tower market.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/2022

The cooling tower market is segmented on the basis of:

Cooling Tower Market by Construction

  • Field-erected Products (FEP)
  • Factory-assembled Products (FAP)

Cooling Tower Market by Draft

  • Induced Draft
  • Natural Draft
  • Forced Draft

Cooling Tower Market by Method of Heat Transfer

  • Evaporative
  • Dry
  • Hybrid

Cooling Tower Market by End-use Industry

  • Power
  • Oil & Gas
  • HVAC
  • Others

Cooling Tower Market by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the Global Consumer Goods and Services Industryhttps://www.transparencymarketresearch.com/factory-automation-industrial-control-market-research-reports.html:

Down and Feather Market – The global down and feather market was valued at US$ 4,608.7 Mn in 2018 and is forecasted to expand at a CAGR of 7.0% from 2019 to 2027. It is estimated to reach a value of US$ 8812.5 Mn by 2027.

Ballast Water Treatment Systems (BWTS) Market – In order to comply with the guidelines laid down by the IMO, companies in the ballast water treatment systems (BWTS) market are increasing R&D to innovate in UV systems. For instance, in May 2019, Purestream — a water service company, announced the launch of their advanced UV ballast water treatment system to offer operational advantages to vessel operators. This is evident, since UV irradiation is one of the key treatment methods in physical treatment.

Turbidimeter Market – The wastewater treatment end-use industry segment is expected to account for a major share of the turbidimeter market during the forecast period. The segment is likely to gain 36% market share by 2027. With a CAGR growth of ~5%, this segment is also projected to expand at a rapid rate during the forecast period.

Hydrotherapy / Aquatic Therapy - Pool and Plunge Tank Equipment Market– Companies in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market are paving the way for exponential growth with the introduction of innovative hydrotherapy techniques and products that are extremely safe and reliable for early intervention post-ops. Since patients are always wary of the possibility of their wounds getting infected, companies are educating healthcare providers about appropriate wound waterproofing techniques.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com   
Website: http://www.transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg 

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