AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Hybrid Cooling Towers market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Hybrid Cooling Towers market to grow at a CAGR of %.
The Material Type, such as Concrete, is boosting the Hybrid Cooling Towers market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Hybrid Cooling Towers market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Demand from the Developing Markets of Asia-Pacific, Intelligent Hybrid Cooling Technology and The Rise in HVACR Deployments and Growth in Industrial Activities.
A Hybrid cooling tower is defined as the heat rejection device which rejects waste heat to the atmosphere. These represent a suitable combination of both wet and dry cooling. Hybrid cooling towers are precisely designed to avoid visible plume in cold and decrease the consumption of water and provide total heat rate as required by the customer. This technology is mainly required at airports, residential areas, etc. In addition, it is also used in the manufacturing and power generation industries in order to keep the environment cool. Increasing demand in the construction, air conditioning, manufacturing, and power generation industry are likely to be a prime driver for the global Hybrid cooling tower market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Hybrid Cooling Towers market by Type (Direct Contact and Closed Circuit), by Application (Power Generation, Oil and Gas, Food and Beverage, HVAC, Chemical and Petrochemical and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market