Field-Erected Cooling Tower Market Market Trends, Research, Analysis and Projections fo... - 0 views
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Almira Coyne on 25 Aug 20The global field-erected cooling tower market was estimated to be USD 1.78 Billion in 2017 and is expected to grow at a CAGR of 3.78%, during the forecast period. The market is set to grow due to the increasing demand from developing markets of Asia Pacific and the growing industrial activities, globally. The wet field-erected tower segment is expected to hold the largest share of the field-erected cooling tower market, by type, during the forecast period. The field-erected cooling tower market has been segmented, by type, into wet, dry, and hybrid. The wet field-erected cooling tower segment held the major market share, whereas the dry type segment is projected to witness the highest growth rate during the forecast period. This growth is due to water consumption efficiencies associated with dry type field-erected cooling towers. More industries are accepting this kind of design to align with environmental regulations within their respective countries.