Cooling Towers Market to Pace Ahead due to Growing Industrialization
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The cooling towers market has witnessed steady growth over the past few years. According to an in-depth research report published by Transparency Market Research, the global cooling towers market was estimated at US$2.31 billion in 2013 and is expected to reach a value of US$3.17 billion by 2020, growing at a CAGR of 4.7% from 2014 to 2020. Ever since cooling towers were developed in the 19th century, the several technological iterations in their designs have revolutionized the development of these filters.
Browse Market Research Report of Cooling Towers Market: http://www.transparencymarketresearch.com/cooling-towers-market.html
Cooling towers are essentially used for bringing down the temperature of the circulating water used in petrochemical plants, oil refineries, chemical plants, HVAC systems for cooling buildings, and thermal power stations.
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