Global Construction Adhesive Market, 2016 – 2024 Global Cooling Tower Market, 2016 – 2024 | Page 3
Cooling Tower Market
regions. The cooling towers are cost effective and very well efficient influencing the global
cooling tower market growth. The temperature maintenance, rising industrialization has
been predicted to escalate the growth of the global cooling tower market.
Global Cooling Tower Market: Segmentation
The global cooling tower market is segmented on the basis of design, type, construction
material, and application. The design segment is divided into natural and mechanical
designs. The type segment is categorized into the hybrid (plume abatement), evaporative,
and dry cooling towers. The construction material segment is bifurcated into steel, concrete,
FRP, and others. The application segment includes HVACR, food and beverage, power
generation, chemical, petrochemical and oil and gas, air conditioning industry, and others.
The power generation segment shows the dominance in the utilization of the cooling tower
systems throughout the globe.
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Global Cooling Tower Market: Regional Analysis
Asia-Pacific and Rest of the World dominate the global cooling tower market. The markets
in these regions are pumping mainly due to the emerging Indian market. China is also one
of the leading markets for the sale of cooling tower systems. The reason for the dominance
of these regions is the rise in the number of rapid industrialization, power generation plants,
and rising demands of the increasing population.
Global Cooling Tower Market: Competitive Players