According to a new report, the field-erected cooling tower market is expected to reach $2.11 billion by 2021 at a CAGR of 4.3 percent from 2016 to 2011.

Major growth factors include increasing demand from Asia-Pacific, technological advancement in the industry and stringent environmental regulation.  The power generation end-user segment is predicted to drive most of the growth.

Get the report from MarketsandMarkets here.