Technological advances increase energy efficiency and reduce environmental concerns regarding the conventional cooling systems. This factor boosts the growth of the Hybrid Cooling Towers Market.
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According to MarketIntelReports' “Global Hybrid Cooling Towers Market 2017-2021”:
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The hybrid cooling tower is a wet cooling tower in which the process fluid is precooled by the air coming out through evaporation in finned coils. In this tower, the plume which emerges is mixed with hot dry air before leaving the tower.
The cooling system reduces the consumption of water and provides the heat rate needed by consumers. The purpose of the system is to reduce the cooling water temperature with the surrounding air before entry of the water into the wet section.
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High electricity consumption and the growing need for energy efficiency in many applications fuel the growth of the Hybrid Cooling Towers Market in the forecast period.
Scope & Regional Forecast of the Hybrid Cooling Towers Market
Growing number of construction activities across the globe will elevate the Hybrid Cooling Towers Market in the coming years. But environmental concerns associated with cooling tower systems restrict the market.
Drift elevators and plume abated towers can overcome these problems and spur the demand for the industry in the future.
Asia Pacific dominates the market. It is the fastest growing region for the hybrid dry cooler.
The growing number of manufacturing facilities and expansion of the industrial sector pushes the demand for the towers in the region. The focus on the nuclear power plant construction also benefits the market.
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Growth in the end user industries like oil & gas, chemical, food & beverage, cement, pulp & paper will fuel the growth of the cooling tower model in the forecast period. The cooling tower provides optimal cooling to these industries.
The heavy industries use the commercial cooling tower since they deliver high heat rejection and simplify the maintenance procedures.
The power generation segment, especially the thermoelectric power plants dominated the market in 2016. This is due to the consumption of electricity due to the growing industrialization and globalization.
The demand for cooling tower technologies in this segment proves to be an asset for the market.
Segmentations & Key Players Involved in the Hybrid Cooling Towers Market
The Hybrid Cooling Towers Market can be broken down into various segments as follows:
- Region- Americas, APAC, and EMEA.
Some of the key players involved in the Hybrid Cooling Towers Market are as follows:
- Baltimore Aircoil Company
- Delta Cooling Towers
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