Industrial Cooling System Market worth 17.24 Billion USD by 2021

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Industrial Cooling System Market by Type
,Application - by Region Global Trends
Forecast to 2021
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Industrial Cooling System Market by End User
(Power Generation, Industrial Manufacturing,
Petrochemical Processing, Food Processing
Storage, Petroleum Natural Gas Refining,
Pharmaceutical, Data Center), Type by Region -
Global Forecasts to 2021 The global industrial
cooling system market is projected to grow from
USD 12.84 Billion in 2015 to USD 17.24 Billion by
2021, at a CAGR of 5.0 between 2016 and
2021. PDF Brochure http//www.marketsandmarket
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Power generation was the fastest-growing end-user
segment of the global industrial cooling system
market Power generation segment contributed the
largest share to the industrial cooling system
market in 2015, and is projected to be the
fastest-growing application segment from 2016 to
2021. Although cooling systems are a
pre-requisite in every industry, they find the
highest use in the power generation segment,
owing to the high demand from the power industry.
Cooling systems are used in thermal and nuclear
power plants to control temperature and pressure
conditions. Request for Customization
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Evaporative cooling system segment was the
largest segment of the industrial cooling system
market Based on type, the industrial cooling
system market has been segmented into evaporative
cooling system, air cooling system, hybrid
cooling system, and water cooling system.
Evaporative cooling system was the largest
segment of the market in 2015. Growth of the
evaporative cooling system segment is driven by
increasing demand for evaporative cooling system
from the power generation and industrial
manufacturing sectors of the region due to its
relatively lower price and less energy
requirements. Inquiry before
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Asia-Pacific was the largest market for global
industrial cooling system market in 2015,
globally Asia-Pacific was the largest market for
industrial cooling system market in 2015, owing
to the rise in demand of industrial cooling
system in this region. Asia-Pacific is the key
commercial market for industrial cooling system
globally and is expected to grow rapidly during
the forecast period. One of the primary drivers
for industrial cooling system market growth in
the Asia-Pacific region is the steady economic
development in the region. In addition, an
imposing growth of industrialization in
developing countries of the region, such as China
and India, is also driving the market.
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Key Plyer Key players operational in the
industrial cooling system market include
Baltimore Aircoil Company (U.S.), Bell Cooling
Tower (India), Brentwood Industries Inc. (U.S.),
Hamon Group (Belgium), Johnson Controls Inc.
(U.S.), Paharpur Cooling Towers (India), SPIG
S.p.A. (Italy), and SPX Corporation
(U.S.). Visit Report http//www.marketsandmark
ets.com/Market-Reports/industrial-cooling-system-m
arket-123451073.html
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