ShareGlobal cooling tower market forecast to reach 2.6 billion USD by 2018
According to a recent report by Global Industry Analysts Inc., the global market for cooling towers is projected to reach USD 2.6 billion by 2018, driven by improving economic conditions and more stringent environmental regulations.
After a significant slowdown in sales during the 2007-2009 economic recession, the global market for cooling towers staged a recovery in 2010, thanks to a resurgence in growth fundamentals such as improvement in the macroeconomic environment and increased investments in infrastructure projects.
According to a recent report by Global Industry Analysts Inc., it is projected to reach USD 2.6 billion by 2018, driven by improving economic conditions and more stringent environmental regulations.
For example, government regulations mandating use of closed-loop systems which lead to a reduction in water consumption by over 90% compared with existing once-through cooling systems will drive demand for cooling towers in a range of industry segments.
According to a recent report by Global Industry Analysts Inc., it is projected to reach USD 2.6 billion by 2018, driven by improving economic conditions and more stringent environmental regulations.
For example, government regulations mandating use of closed-loop systems which lead to a reduction in water consumption by over 90% compared with existing once-through cooling systems will drive demand for cooling towers in a range of industry segments.