Dry type segment is projected to witness the highest growth rate
April 20, 2016
The global field-erected cooling tower market is forecast to reach $2.11 billion by 2021, growing at a compound annual growth rate (CAGR) of 4.3 percent from 2016 to 2021, according to a new report published by MarketsandMarkets.
The market is being driven by rising HVACR deployments, increasing power-generation capacity, and technological advances in cooling towers. Asia-Pacific is expected to witness strong growth in the next five years. The demand across the region is reinforced by the emerging markets, namely China and India.
The global cooling tower market is forecast to grow from $2.34 billion in 2015 to $2.88 billion by 2020, at a compound annual growth rate (CAGR) of 4.2 percent, according to a new report published by MarketsandMarkets.
Europe is the biggest market for cooling towers; Asia-Pacific is the fastest growing
July 6, 2015
The global cooling towers market is forecast to reach a value of $3.25 billion by 2020, representing an annualized growth rate of 4.9 percent from 2015 to 2020, according to a new report published by MarketsandMarkets.
The global market for cooling towers is projected to reach $2.6 billion by the year 2018, driven by improving economic conditions and more stringent environmental regulations, according to new report by Global Industry Analysts Inc.