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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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About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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