Cooling Towers Market Procurement Research – Market Trends and Spend Analysis by SpendEdge
January 13 2018 - 4:59PM
Business Wire
Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Cooling Towers Market
Procurement Research Report.’ The insights and data in this
report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the heavy industry. This report breaks
down the data and analysis behind the procurement of cooling towers
and acts as an all-inclusive guide for making smart purchasing
decisions.
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the full release here:
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Global Cooling Towers Procurement Market
Intelligence Report (Graphic: Business Wire)
“Cooling towers are extensively used in non-industrial segments
including the commercial real estate sector to regulate the
temperature within thermal and nuclear power plants across the
world to ensure optimum production of energy,” says SpendEdge
procurement analyst Tridib Bora. “Also, the buyers are increasingly
demanding custom-made towers as their requirements differ based on
their processes, project locations, regulatory norms, and budget,”
added Tridib.
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Procurement analysts at SpendEdge highlight the following top
three market trends that are contributing to the growth of the
Global Cooling Towers Market:
- Growing demand for hybrid cooling
towers
- Rise in adoption of HDPE-based cooling
towers across end-user industries
- Increasing adoption of dry cooling
towers
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time only: View the report snapshot before
purchasing
Growing demand for hybrid cooling towers:
It has been observed that wet cooling towers offer greater
thermal performance compared with dry cooling towers. However, wet
cooling towers are vulnerable to corrosion, require large
quantities of water, and involve high maintenance costs limiting
their popularity. Hybrid cooling towers are ideal for areas that
have access to water. The heat transfer performance of a hybrid
cooling tower is similar to the one provided by a wet cooling
tower, leading to their popularity across various end-user
industries. Moreover, hybrid cooling towers help buyers in plume
abatement and offer excellent resistance to issues such as scaling
and corrosion.
The rise in the adoption of HDPE-based cooling towers across
end-user industries:
HDPE-based cooling towers offer better structural integrity and
stronger protection against corrosion. They are priced relatively
higher compared with cooling towers constructed from materials such
as wood and galvanized steel. Therefore, their adoption is
presently limited to developed regions such as North America and
Europe where the purchasing power of buyers is high. Moreover, an
HDPE-based cooling tower negates the need for regular maintenance
and expensive replacement of parts when compared with conventional
cooling towers.
Increasing adoption of dry cooling towers:
The increase in regulatory stringency surrounding the use of
water in wet cooling towers has motivated buyers across all
geographical regions to adopt dry cooling towers, which use air for
cooling the cooling water. Also, as dry cooling towers offer high
resistance to scaling and corrosion, they reduce operating costs
for buyers. As a result, they are increasingly adopted across all
major geographical regions
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version on businesswire.com: http://www.businesswire.com/news/home/20180113005001/en/
SpendEdgeShilpa BalakrishnanUS: +1 (844)
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