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Worldwide Cooling Tower Rental Industry to 2026 - by Type, End-user, Design and Geography - ResearchAndMarkets.com
May 11, 2021 GMT
DUBLIN (BUSINESS WIRE) May 11, 2021
The cooling tower rental market is projected to grow at a CAGR of 5.45% to reach a market size of US$1,129.116 million in 2026 from US$778.653 million in 2019. A cooling tower is the most imperative piece of equipment in any industry that is targeting to eliminate unwanted heat with minimum use of water. It is a great resource and a great way to replace lost cooling capacity till the permanent cooling tower is repaired or replaced. With heat being just a by-product of the entire production process, many industries might not feel the need to install it in their plants. Instead, they hire an appropriate cooling tower only when required. Cooling tower rentals are available with completely pre-packaged systems that are fully