Coating Equipment Market Is Anticipated To Grow At A CAGR Of 5.7% From 2014-2025

Global Coating Equipment Market is expected to reach USD 22.23 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness significant growth on account of high application scope coupled with growing consumption from the automotive application. 

Robust growth in the consumption owing to rising government spending, fast-growing population, and continued progress on infrastructure projects in Middle Eastern economies is likely to augment product utilization in the residential sector.Africa residential sector is expected to witness growth on account of increasing foreign direct investments and rising consumer’s willingness to spend.

Governments of Middle East have framed favourable policies to promote investments in the automotive sector. In addition, expansion of road networks along with urban population growth has played a crucial role in increasing sales of automotive vehicles in Middle East countries such as Saudi Arabia and United Arab Emirates.

The global coating equipment market is expected to witness significant competitive rivalry due to the presence of numerous players across the industry. As a result of changing consumer trend, various companies are launching new products to expand their product offerings and put up with the competition in the market.

Full Research Report on Global Coating Equipment Market Analysis:
http://www.grandviewresearch.com/industry-analysis/coating-equipment-market

Further key findings from the report suggest:

• Powder coating equipment accounted for a share of 38.7% of global market revenue in 2016 owing to low cost as compared to specialty coatings
• Powder coating equipment has the ability to produce thin films which are utilized by aerospace and automotive industry due to their lightweight
• Development and utilization of machinery in agriculture sector has witnessed significant growth globally which is anticipated to provide positive scope for product demand as the machinery typically requires coating
• South Korea is expected to show high growth in the construction industry owing to private and public investments in commercial, industrial, and infrastructure projects
• Key players in the industry perform distribution directly to the end user rather than distributing the product through third party sources. Wide distribution channel in the market is achieved through both physical retail stores and online retailing.
• In March 2017, Oerlikon acquired novel technologies which enabled the company to strengthen its business position in coatings & equipment market
• In December 2016, Sata GmbH & Co.Kg introduced Satajet 4800 K spray mix to serve high pressure applications

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks

Grand View Research has segmented the Global Coating Equipment Market on the basis of product, application, and region:

Coating Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)

• Specialty coating equipment
• Powder coating equipment
• Liquid coating equipment

Coating Equipment Application Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Aerospace
• Construction
• Industrial
• Other

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Brazil
• Middle East & Africa 

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-coating-equipment-market                  

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Cerium Oxide Nanoparticles Market Demand Was 9.1-Kilo Tons In 2016 In Terms Of Volume And Is Expected To Grow At A Forecasted CAGR Of 14.0% Over The Forecasted Period 2014-2025

Global Cerium Oxide Nanoparticles Market is expected to reach USD 1.04 billion by 2025, according to a new report by Grand View Research, Inc. Strong demand from sectors such as construction and automobiles, increasing research and technological advancements is expected to benefit the market demand.

Regarding application, energy storage dominated the segment and is expected to grow at a CAGR of 14.7% from 2017 to 2025. Cerium oxide nanoparticles is widely used as catalyst converters and fuel additive which enables to decrease the burnout time, reduce ignition time and peak temperature in automotive industry. These advantages coupled with the growth of automotive industry is expected to favor market growth over the next eight years.

The chemical product has capability to act as UV refractors in sunscreen as they absorb and neutralize organophosphates (Ops). Moreover, it also enhances the quality of the personal care products. Cerium oxide nanoparticles are used in the manufacturing of energy storage products, personal care products, pharmaceutical products and as a polishing agent for glass industry. The broad application portfolio has benefitted the chemical demand in the recent past, and this scenario is expected to continue over the forecast period.

Companies have adopted strategies to make aware the consumers about benefits of cerium oxide nanoparticles by performing cerium oxide test in the optical polishing laboratory. In addition, companies are also trying to optimize their production process to obtain a high grade of the product.

Full Research Report on Global Cerium Oxide Nanoparticles Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cerium-oxide-nanoparticles-market

Further key findings from the report suggest:

• The global cerium oxide nanoparticles demand was 9.1-kilo tons in 2016 in terms of volume and is expected to grow at a forecasted CAGR of 14.0% over the forecasted period.
• Energy storage was the largest application segment in 2016 and is expected to reach USD 359.1 million by 2025
• Polishing agent application segment is anticipated to grow at a forecasted CAGR of 14.5% from 2017 to 2025
• Cerium oxide nanoparticles in pharmaceuticals are used to address issues such as obesity and lungs diseases. It acts as therapeutic agent for the treatment of intra-abdominal infection.
• Industry participants include Strem Chemicals, Inc., Nanophase Technologies, Corporation, American Elements among others.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/nanoparticles

Grand View Research has segmented the Global Cerium Oxide Nanoparticles Market on the basis of application, and region:

Cerium Oxide Nanoparticles Application Outlook (Revenue, USD Million; Volume kilo tons, 2014 - 2025)

•  Energy Storage
•  Polishing Agent
•  Personal Care
•  Pharmaceuticals
•  Others

Cerium Oxide Nanoparticles Regional Outlook (Revenue, USD Million; Volume kilo tons, 2014 - 2025)

• North America
• U.S.
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Middle East & Africa

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cerium-oxide-nanoparticles-market                 

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Surgical Dressing Market Qualitative Analysis By Industry Overview, Trends, Market Drivers And Restraints 2014-2025

Global Surgical Dressing Market is expected to reach USD 5.6 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.6% over the forecast period, owing to increasing organ transplant surgeries, increasing disease burden of lifestyle disorders and widened range and number of Ambulatory Surgical Centers (ASC).

Globally there were 126,670 organ transplant surgeries in 2015, which is approximately 15.0% higher than transplants in 2000, according to the Global Observatory on Donations and Transplantation (GODT) database. This exponential increase in the number of organ transplant surgeries is expected to increase the demand for these products in this vertical.

Another key driver for this market is the increased disease burden of Cardiovascular Diseases (CVD) and the resultant surgeries for the treatment or management of the disease. It was estimated by the American Heart Association (AHA) that 92.1 million adults in the U.S. would suffer from at least one type of CVD by 2017.

ASC conduct surgical procedures related to pain management, urology, orthopedics, restorative, reconstructive or alternative plastic surgeries and Gastro Intestinal (GI) related surgeries. Thus, rising volume and range of ASC is expected to increase the demand for this industry.

Full Research Report on Global Surgical Dressing Market Analysis:
http://www.grandviewresearch.com/industry-analysis/surgical-dressing-market

Further Key Findings From the Study Suggest:

• Primary segment is the major contributor for the surgical dressing vertical in 2016.
• NPWT (Others) recorded the fastest growth in the surgical dressing industry.
• Hospitals are the major contributors in the end-user segment for the surgical dressing vertical in 2016.
• The ASC is the fastest growing end-user segment for the surgical dressing market in 2016.
• North America is the major market for growth of the surgical dressing industry.
• The Asia Pacific region recorded the fastest growth in the global surgical dressing industry
• The key players include Medline Industries, Inc. Smith & Nephew, Advancis Medical, Acelity, Medtronic, Alliqua Biomedical, Inc., 3M, Coloplast, ConvaTec, Inc., Mölnlycke Health Care AB.
• The key strategic initiatives include new product launches, acquisitions and mergers, and collaborations.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/medical-devices

For the purpose of this study, Grand View Research has segmented the Global Surgical Dressing Market by product, application, end-use, and region:

Surgical Dressing Product Outlook (Revenue, USD Million; 2014 - 2025)

·    Primary Dressing

·    Film dressing

·    Alginates

·    Soft silicone dressing

·    Composite dressing

·    Hydrogel

·    Hydrocolloid dressing

·    Foam

·    Secondary Dressing

·    Absorbents

·    Bandages

§ Muslin bandage rolls

§ Elastic bandage

§ Triangular bandage

§ Orthopedic bandage

§ Elastic plaster bandage

§ Others bandages

·    Adhesive tapes

·    Protectives

·    Others

·    Others

Surgical Dressing Application Outlook (Revenue, USD Million; 2014 - 2025)

• Diabetes based surgeries
• Cardiovascular diseases based surgeries.
• Ulcers
• Burns
• Transplant sites
• Others

Surgical Dressing End-Use Outlook (Revenue, USD Million; 2014 - 2025)

• Hospital
• Specialty Clinics
• Home Healthcare
• Ambulatory Surgical Centers (ASC)
• Other Healthcare Settings

Surgical Dressing Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Japan
• China
• Latin America
• Mexico
• Brazil
• MEA
• South Africa
• Saudi Arabia

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-surgical-dressing-market                

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Automated Guided Vehicle Market Qualitative Analysis By Industry Overview, Trends, Market Drivers And Restraints 2013-2024

Automated Guided Vehicle (AGV) Market is expected to reach USD 1.5 billion by 2024, according to a new study conducted by Grand View Research, Inc. The growing focus on industrial automation, worldwide, is expected to contribute to the revenue growth.

The manifold advantages offered by AGVs, such as reduction in the operational cost, decrement in the production time, and enhanced workforce safety, are substantially energizing the industry growth prospects. These vehicles offer dynamic design solutions that pertinently replace the conventional conveyor systems and their associated high costs. Innovative technologies, such as laser, vision, and natural guidance, are instrumental in creating a high potential for the automated guided vehicle market growth. AGVs with such advanced wireless navigation technologies help in eliminating the need for expensive retrofitting, which is one of the primary factors behind their adoption.

This escalating demand for material handling equipment is projected to drive the market growth over the forecast period. Firms, operating in the warehouse businesses, are focusing on increasing spending on these vehicles to meet the growing demand for their services and to improve the efficiency of their operations.

Full Research Report on Automated Guided Vehicle (AGV) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/automated-guided-vehicle-agv-market

Further key findings from the study suggest:

• The tow vehicles segment was valued at USD 297.3 million in 2015 and is expected to grow at a CAGR of 7.6% over the forecast period. Such vehicles have considerable demand due to their ability to move more loads with multiple trailers than a single fork truck. This segment is expected to be driven by its advantages such as planned computerized operations and increased employee safety.
• The AGV market is technology-driven and the OEMs are focusing on enhancing the capabilities of their existing products. The natural navigation technology segment is anticipated to show a high potential, owing to its benefits, such as reduced infrastructure costs, as the natural navigation eliminates the need of reflectors and markers. The natural navigation technology segment was valued at over USD 18.4 million in 2015 and is expected to be the key navigation technology segment in the near future.
• Based on application, the market is segmented into logistics, assembly and packaging. The assembly and packaging application segment is estimated to be a key segment over the next 8 years and is estimated to grow at a CAGR of 6.6% from 2016 to 2024.
• The retail end-use industry is undergoing a rapid growth phase and is presumed to offer remarkable growth opportunities for the AGV market growth. The retail end-use industry is expected to reach USD 353.6 million by 2024.
• The Asia Pacific region is estimated to be the key region and the market for AGV in this region was valued at over USD 320.6 million in 2015, and is expected to expand at a CAGR of 7.6% from 2016 to 2024. The regional growth is supported by the increasing manufacturing and logistics activities in the emerging countries such as China and India. For instance, Amazon.com, Inc. has deployed several Kiva AGVs, at its Chinese warehouse, to effectively manage its logistics activities.
• The key vendors dominating the industry include Swisslog Holding AG, Egemin Automation, Inc., Bastian Solutions, Inc., Daifuku Co., Ltd., Dematic Corp., JBT Corporation, Seegrid Corporation, Toyota Industries Corporation, Hyster-Yale Group, Inc., Baylo, Inc., EK Automation, Kollmorgen, and KMH Systems, Inc.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Automated Guided Vehicle (AGV) Market based on type, navigation technology, application, end-use industry, and region:

AGVs Type Outlook (Revenue, USD Million, 2014 - 2024)

• Tow vehicle
• Unit load career
• Pallet truck
• Forklift truck
• Others

AGVs Navigation Technology Outlook (Revenue, USD Million, 2014 - 2024)

• Laser guidance
• Magnetic guidance
• Natural navigation
• Vision guided

AGVs Application Outlook (Revenue, USD Million, 2014 - 2024)

• Logistics
• Assembly and packaging

AGVs End-use Industry Outlook (Revenue, USD Million, 2014 - 2024)

• Automotive
• Food and beverage
• Aerospace
• Healthcare
• Retail

AGVs Region Outlook (Revenue, USD Million, 2014 - 2024)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• The Middle East and Africa

View Blog On This Report by Grand View Research: http://www.grandviewresearch.com/blog/automated-guided-vehicles-agvs-material-handling-made-easy                   

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Continuous Glucose Monitoring Devices Market Analysis By Product, End-User, Region, Trend Analysis And Segment Forecast Up To 2024

Continuous Glucose Monitoring (CGM) Devices Market is expected to reach USD 1.01 billion by 2024, according to a new report published by Grand View Research, Inc.

The CGM devices market is anticipated to witness a lucrative growth during the period 2016 to 2024.The prevalence of diabetes is increasing worldwide and calls for the continuous monitoring of blood glucose levels. The traditional methods of blood glucose monitoring have been compromised by the advent of continuous glucose monitoring systems.

These devices come with an innovative technology allowing quick and easy detection of blood glucose levels in the tissue fluid utilizing a small sensor for observation. By continuously observing readings at regular intervals, the continuous glucose monitoring systems allow patients to take adequate measures before hyperglycemic or hypoglycemic levels are reached.

Factors that support the growth of CGM devices market are its benefits over the other blood glucose monitoring systems, early detection of glucose levels, an increase in the number of diabetics worldwide, and growing awareness among developing and under-developing countries about such devices. The restraints for CGM devices market are stringent regulatory impositions and expensive systems. One of the key opportunities for this market would be the approval of the artificial pancreas that would accelerate the application of CGM devices.

The CGM devices industry, by product, is segmented into three types, transmitters and receivers, sensors, and insulin pumps. On the basis of end-user, the continuous glucose monitoring industry is categorized into hospitals, homecare diagnostics, research institutes, diagnostics, and clinical laboratories.

Full Research Report on Global Continuous Glucose Monitoring (CGM) Devices Market Analysis:
http://www.grandviewresearch.com/industry-analysis/continuous-glucose-monitoring-market

Further key findings from the study suggest:

• North America is expected to lead the market for CGM systems throughout the forecast period, owing to the presence of a large patient base and the growing demand for patient monitoring devices in the region. The U.S. leads the regional market due to its technological supremacy and ground breaking research innovations.
• Asia Pacific is anticipated to grow at the highest CAGR owing to an increase in market potential along with partnerships with well-established organizations in the region. Additionally, the emerging economies, such as India, is estimated to fuel the market growth during the forecast period.
• The homecare diagnostics segment is set to garner most of the revenue in this market owing to the utilization of these products at a primary level by patients on the grounds of efficacy and user-friendliness.
• Some key market players include Novo Nordisk, Abbott Laboratories, Dexcom, Inc., Roche Diagnostics, Medtronic, and Animas Corporation.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/biotechnology

Grand View Research has segmented the Global Continuous Glucose Monitoring (CGM) Devices Market on the basis of product, end-user, and region:

Continuous Glucose Monitoring Devices, Product Outlook (Revenue, USD Million, 2013 - 2024)

• Transmitters and Receivers
• Sensors
• Insulin Pumps

Continuous Glucose Monitoring Devices, End-user Outlook (Revenue, USD Million, 2013 - 2024)

• Hospitals
• Homecare Diagnostics
• Others

Continuous Glucose Monitoring Devices, Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-continuous-glucose-monitoring-cgm-devices-market                  

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Drilling Fluids Market Qualitative Analysis By Industry Overview, Trends, Market Drivers And Restraints 2014-2025

Global Drilling Fluids Market is expected to reach USD 10.01 billion by 2025, according to a new report by Grand View Research, Inc. Increasing upstream spending to sustain oil production targets is anticipated to drive oil & gas industry drilling activities over the forecast period. Technological advancements to modify the fluid rheology for efficient extraction in different formations have created lucrative avenues for industry participants.

Increased maintenance costs and environmental risks associated with offshore locations, have urged companies to deploy drill mud for cost-efficient E&P activities. Growing demand for increasing production rates, efficiency and mitigating gas related capital expenditures is expected to drive drilling fluids demand in offshore activity, over the long term. Growing number of ongoing projects in the Middle East and Africa including, Maydan Mahzam and Bul Hanine fields are projected to drive product demand over the next nine years.

WBF emerged as a leading drilling fluid product segment covering 50.4% market revenue share in 2016. The OBF segment is expected to lose share over the forecast period and account for 26% of the total industry value by 2025

Full Research Report on Global Drilling Fluids Market Analysis:
http://www.grandviewresearch.com/industry-analysis/drilling-fluids-market-analysis

Further key findings from the report suggest:

• The global drilling fluids market is estimated to grow at a CAGR of 3.7% from 2017 to 2025
• The onshore application segment is anticipated to reach 5.9 billion by 2025 over the upcoming years
• Offshore drilling activities is projected to emerge as the fastest segment at a CAGR of 4.1% from 2017 to 2025
• North America was the leading regional segment accounting for over 25% in 2016 and is expected to witness a similar trend over the forecast period
• Asia Pacific is anticipated to emerge as the fastest consumer at a CAGR of 4.6% from 2017 to 2025
• Russia onshore drilling fluids industry in 2016 was valued at USD 627.5 million and is projected to grow at a CAGR of 2.8% from 207 to 2025
• Demand for WBF product in the Venezuela was valued at USD 113.94 million in 2016 and is expected to grow at a CAGR of 4.1% from 2017 to 2025
• Drilling fluids market share in Kuwait is expected to grow at a CAGR of 4.7% over the forecast period and to reach USD 203.5 million by 2025
• Offshore drill mud industry in Nigeria was valued at USD 53 million in 2016 and is anticipated to be the fastest application over the upcoming years
• Major players include Newpark Resources, Halliburton, Weatherford International, Baker Hughes, National Oilwell Varco and Schlumberger

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the Global Drilling Fluids Market on the basis of product, application and region:

Drilling Fluids Product Outlook (Revenue, USD Million, 2014 - 2025)

• Oil based fluids
• Water based fluids
• Synthetic based fluids
• Others

Drilling Fluids Application Outlook (Revenue, USD Million, 2014 - 2025)

• Onshore oil & gas
• Offshore oil & gas

Drilling Fluids Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
• U.S
• Canada
• Mexico
• Europe
• UK
• Russia
• Norway
• Azerbaijan
• Kazakhstan
• Asia Pacific
• China
• India
• Indonesia
• Malaysia
• Pakistan
• Myanmar
• Singapore
• Australia
• Vietnam
• Thailand
• Middle East
• Saudi Arabia
• UAE
• Qatar
• Kuwait
• Iran
• Iraq
• Africa
• Algeria
• Libya
• Nigeria
• Gabon
• Zaire
• Central & South America
• Brazil
• Argentina
• Venezuela
• Columbia
• Peru

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-drilling-fluids-market                 

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Cooling Towers Market Is Expected To Grow At A CAGR Of 4.6% During Forecast Period 2014-2025

Global Cooling Towers Market is expected to reach USD 4.85 billion by 2025, according to a new report conducted by Grand View Research, Inc. Cooling towers are used in power plants, particularly in thermoelectric power plants, to remove excess heat from the plant. With the rising global demand for electricity, the number of power plants is also expected to increase, thereby driving growth of this market.

Furthermore, a tremendous rise in the number of construction activities across the residential and commercial sectors in developing countries is expected to boost the demand for this product. Additionally, rapid global industrialization is also a key driver expected to favorably impact the cooling towers market growth over the forecast period.

Technological advancements \ are expected to provide improved cooling capacity, minimum components, improved installation & energy savings, and low maintenance cost, which is further anticipated to escalate market growth in the near future. Moreover, stringent government regulations relating to the use of cooling towers across different regions is also expected to positively impact market growth.

However, environmental concerns related to cooling towers such as plume, drift, and water contamination are anticipated to moderately hamper the market demand. Nevertheless, the emergence of plume abated towers and drift eliminators is expected to overcome these environmental concerns and drive market growth in the near future.

Energy-efficient towers provide optimal cooling while exhibiting eco-friendly properties. These facilitate in water conservation, provide high-efficiency motors in order to cut down on the operating cost, and reduce environmental concerns. These environmental benefits are also expected to drive the demand for the product.

HVAC systems are generally implemented in commercial spaces, large offices, and shopping malls. Cooling towers are a mandatory component of an HVAC system, which is used to remove excess heat from the building. The increasing rate of urbanization and enhanced standard of living are expected to lead to the large-scale implementation of HVAC systems, thereby driving the market growth globally.

Full Research Report on Global Cooling Towers Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cooling-towers-market

Further key findings from the report suggest:

• The closed-circuit type segment captured over 30% of the total revenue in 2016; however, hybrid type is anticipated to exhibit a substantial growth at a CAGR exceeding 4% from 2017 to 2025. This growth is attributed to their increasing adoption across various end-use industries.
• The Fiber-Reinforced Plastic (FRP) material segment accounted for over 20% of the total market share in 2016. However,High-Density Polyethylene (HDPE) material segment is projected to register a significant CAGR exceeding 5.0% from 2017 to 2025, owing to various benefits including high corrosion resistance, low maintenance cost, and long service life.
• Cooling towers have a wide scope for application in HVAC equipment and power plants due to their ability to remove excess heat. As a result, the HVAC segment is anticipated to capture a sizeable market share over the forecast period.
• Asia Pacific has emerged as the fastest growing market and is expected to witness a healthy CAGR of over 5.0%, which is primarily accredited to the rapid industrialization in this region.
• Key players in this industry include SPX Corporation, Evapco, Hamon & CIE International SA, Paharpur Cooling Towers, B&W SPIG (Babcock & Wilcox), Enexio, and Baltimore Aircoil Company.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the Global Cooling Towers Market on the basis of types, materials, applications, and regions:

Cooling Towers Type Outlook (Revenue, USD Million; 2014 - 2025)

• Open-Circuit
• Closed-Circuit
• Hybrid

Cooling Towers Material Outlook (Revenue, USD Million; 2014 - 2025)

• FRP
• Steel
• Concrete
• Wood
• HDPE

Cooling Towers Application Outlook (Revenue, USD Million; 2014 - 2025)

• HVAC
• Power Generation
• Oil & Gas
• Industrial

Cooling Towers Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cooling-towers-market                

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com