The industrial cooling system market valuation is forecast to hit $25 billion by 2027, according to a report from Global Market Insights Inc. Ongoing technological advancements in industrial cooling systems that ensure energy-efficient cooling of IT components is augmenting industry growth.
The increased use of cooling systems in nuclear power generation plants will drive market growth, according to the report. It also found that the rising adoption of evaporative cooling systems across several end-use industries will support market growth, along with the increasing use of hybrid cooling systems that ensure reduced water consumption.
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