The cooling tower market set to observe growth rate of over 4% till 2025. The global cooling tower industry is experiencing a transformational shift in dynamics in the recent times owing to an increase in investments toward industrial sector development, along with the ongoing addition of thermal power plants. Further, the prevailing adoption of sustainable energy sources, as well as the cogeneration technologies driven by a rise in consumer awareness would augment the business growth in the years to come. Favorable regulatory policies toward sustainable power generation coupled with robust growth in the manufacturing sector will foster an increase in the product adoption, which would result in the growth of cooling tower industry in the years to come.

Get sample copy of this research report @  https://www.decresearch.com/request-sample/detail/3023

The O&G industry is anticipated to be a viable revenue stream for cooling tower market, given the product demand across refineries. The robust expansion of refineries worldwide and the developments prevalent in the oil exploration sector will thus prove to me a major growth impetus for this industry, specifically across the APAC. Recently, the China-based Zhoushan refinery complex, an upcoming large-scale downstream project for 2019, controlled by Zhejiang Petroleum and Chemical Company, made it to the headlines for announcing that it anticipates to commence its production activities by the third quarter of 2019. When completed, this complex would have a refining capacity of 800,000b/d, and is being constructed in two phases.

The chemicals sector is bound to come up as a prime application avenue for cooling tower market. The product, on account of its ability to reduce energy consumption cost, noise emissions, and maintenance costs, is extensively deployed across heavy chemical manufacturing and fertilizer plants. Given the massive demand for chemicals across a slew of domains, the global chemical sector is slated to depict an exponential rise in terms of revenue in the years ahead. Quite overtly, this would transform the commercialization graph of the global cooling tower industry from chemical and fertilizer applications.

The world’s leading LNG producer Qatar is also seeking to grow its production by 30% by 2024. By the end of September 2018, the country had planned to expand its current capacity through the provision of four new LNG trains, which would boost the production from the current 77 mtpa to 110 mtpa. The extensive developments prevailing in the global oil and gas industry would thus majorly drive the growth of cooling tower market from O&G applications.

Fundamental changes in the government policies are redefining the manufacturing sector in recent times. An acceleration in investment towards the oil & gas sector, mainly across Asia Pacific & Middle East region, has also been observed. For example, Reliance announced the expansion of its Jamnagar refinery, in Sept. 2017, by adding a refining capacity of 30 million tons per annum. These investments, in tandem with the ongoing expansion and development of new oil refineries will impel cooling tower industry share in the years to come.

With sustainable electricity generation becoming a mantra for the future, the demand for the establishment of power plants is certain to augment cooling tower industry share. The ability of cooling towers to minimize energy loss and lower energy consumption is certain to fuel cooling tower industry from power generation applications. Another factor that would extensively propel cooling tower market share from power generation is the robust increase in the number of sustainable power plants across the globe.

Get This Report Customized To Your Requirements @   https://www.decresearch.com/roc/3023

Some Point from Table of Contents:

Chapter 5. Cooling Tower Market, By Technology

5.1. Cooling tower industry share by technology, 2018 & 2025

5.2. Open circuit

5.2.1.   Market estimates and forecast, 2014-2025

5.3. Closed circuit

5.3.1.   Market estimates and forecast, 2014-2025

5.4. Hybrid

5.4.1.   Market estimates and forecast, 2014-2025

Chapter 6. Cooling Tower Market, By Design

6.1. Cooling Tower industry share by design, 2018 & 2025

6.2. Mechanical

6.2.1.   Market estimates and forecast, 2014-2025

6.3. Natural

6.3.1.   Market estimates and forecast, 2014-2025

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/cooling-tower-market