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Middle East & North Africa Cooling Tower Market is expected to reach $161.6 million by 2027 – IndustryARC

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Middle East & North Africa Cooling Tower Market is expected to reach $161.6 million by 2027 – IndustryARC

September 13
07:25 2022
Middle East & North Africa Cooling Tower Market is expected to reach $161.6 million by 2027 - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Middle East & North Africa Cooling Tower Market is expected to reach $161.6 million by 2027 at a CAGR of 6.9% during the forecast period 2021-2027, owing to the rapid industrialization, and surge in deployment of various types of equipment for cooling towers to avoid wear and tear is analyzed to drive the market.

Middle East & North Africa Cooling Tower Market is expected to reach $161.6 million by 2027 at a CAGR of 6.9% during the forecast period 2021-2027, owing to the rapid industrialization, and surge in deployment of various types of equipment for cooling towers to avoid wear and tear is analyzed to drive the market.The increasing investments in North Africa to expand the industrial sector and deploy cold storage units, growth in construction businesses and installment of eco-friendly products to curb the pollution is set to drive the market. Dry bulb air temperature and wet bulb temperature is crucial for the design and dimensioning of a cooling tower. Rising penetration of modular cooling tower provides customers with easy installations, low life-cycle costs, and industry-leading sustainability and such beneficiary capabilities are augmenting the market. The Middle East & North Africa Cooling Tower Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Competitive Landscape:

The top 5 players in the Middle East & North Africa Cooling Tower industry are –

1. SPX Corporation

2. Johnson Control Inc

3. ENEXIO

4. Hamon Axisparc

5. B&W SPIG

 

Interested in knowing more relevant information? Click here:

 https://www.industryarc.com/pdfdownload.php?id=18447

 

Segmental Analysis:

 1. Hybrid Cooling is growing at a highest CAGR of 8.0% in the forecast period 2022-2027. These cooling towers are a good mix of wet and dry cooling with a favorable environmental effect and meet challenging environmental specifications.

2. Middle East has a significant share in Middle East & North Africa Cooling Tower Market in 2021 at 82.7% share owing to the presence of significant oil and gas. Moreover significant collaborations by companies is also analyzed to drive the market. Cooling towers are being used in many industries, chief among them being power, commercial, HVAC and industrial. 

3. Cross Flow Tower in Cooling Tower is growing at a CAGR of 7.3% in the forecast period 2022-2027. In cross flow towers the water flows vertically through the fill while the air flows horizontally, across the flow of the falling water. This type of cooling towers distribute the hot water perpendicularly to the air flow. 

 

Report Coverage

Report Attributes

Details

By Type

Evaporative Cooling, Hybrid Cooling, Dry Cooling

 

By Application

HVAC, Refrigeration and Chilling plant, Diesel engine & Gas engine, Induction melting steel furnaces, Cold storage, Oxygen plants, Renewable energy power plant, Waste water treatment plant

 

By Components

Fill parts, Cross flow, Counter flow, Drift Separators, Water distribution system, Air intake louvers

 

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

Get more detailed information about these segments in the report. Buy it here:

 https://www.industryarc.com/reports/request-quote?id=18447

 

Market Drivers and Challenges:

1. Increasing demand for HVAC systems to optimize infrastructures is driving the market :  The market is anticipated to witness an increase in sales of HVAC systems with the availability of tax credit and rebate programs as well as other monetary benefits associated with the purchase of energy-efficient systems. 

2. Increasing investment towards construction projects is poised to create growth opportunities for the market : Rising construction projects in the North African market is reflecting the rapid growth in the construction industry across the countries. The region has a booming construction industry and the rise in construction activities has led to the deployment of industrial equipment which requires frequent cooling and hence the demand for cooling towers is anticipated to increase during the forecast period 2022-2027.

3. Issues related to corrosion and scaling : In Despite of its advantages and usage in various industries the market is facing a problem with Corrosion and scaling. Cooling towers have the problem with corrosion because once the process is completed, unchecked water run through a cooling tower which corrodes the metal and lead to leak. 

 

Why IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.

Email: [email protected]

USA: (+1) 614-588-8538,  (+1) 815-656-4596

 

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