Field-Erected Cooling Tower Market Worth $2.11 Billion by 2021
Dry type segment is projected to witness the highest growth rate
PUNE, India — 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 major growth factors include increasing demand from the developing markets of the Asia-Pacific region, growth in industrial activities worldwide, technological advancement in field-erected cooling towers, and stringent environmental regulations.