Cooling Tower Market Expands with Rise in Global Investments on Oil and Gas Projects, States TMR Study – GlobeNewswire

| Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, July 15, 2022 (GLOBE NEWSWIRE) — The global cooling tower market is estimated to register growth at a CAGR of 3.4% during the forecast period from 2022 to 2031, states a review by Transparency Market Research (TMR).

The report by TMR offers 360-degree analysis of the cooling tower market. Hence, readers gain access to study of the growth drivers, expansion avenues, challenges, and future scope of cooling tower systems across different end-use industries.
The popularity of factory-assembled cooling towers, also known as “modular” or “package” cooling towers, is being increasing across different factory set-ups owing to their energy-efficiency, comparatively compact size, cost-effectiveness, and less time required for their manufacturing. Rise in the product demand from smaller industrial plants from across the globe is propelling the global cooling tower market.
Major cooling tower companies are focusing on the development of next-gen products by investing in R&Ds. Moreover, several enterprises are launching different types of cooling tower systems in order to expand their product portfolios. Such initiatives are estimated to help in the cooling tower market share to reach a value of US$ 5.1 Bn by 2031.
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Cooling Tower Market: Key Findings
Cooling Tower Market: Growth Boosters
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Cooling Tower Market: Regional Analysis
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Cooling Tower Market: Key Players
Some of the key players profiled in the report are:
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Cooling Tower Market Segmentation
Regions Covered
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