Swiftnlift Best Business Magazine India’s Top 5 Business Leaders, Ruling the Cooling Tower Manufactu
The cooling tower market is expected to increase at a CAGR of more than 5% between 2021 and 2028, surpassing $2 billion in 2021. The growth of the chemical, automotive, petrochemical, and fertilizer industries will be complemented by an increase in industrial and manufacturing activity. Another factor fueling the expansion of the cooling tower market is the spike in the use of various types of equipment for cooling towers to prevent wear and tear. The industry’s primary problem, though, is the limited supply of water. For instance, thermal power plants need a steady source of water supply because they need to use significant amounts of water for cooling. The cooling tower business is being forced to explore energy-saving measures of the acute disadvantage and the worrisome rate at which the traditional energy sources will become scarcer. M Square Engineers stepped in at this point to offer cooling tower solutions with the goal of conserving water, energy, and space. With more than 20 years of expertise