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The increasing government regulations implementing the use of closed-loop systems for cooling processes are driving the demand for field-erected cooling towers market. Moreover, sustainable energy deployment in off-grid systems is growing slowly in both developed and developing countries. Government supportive policies, reducing costs, and the increasing efficiency of solar photovoltaic are also major drivers for sustainable energy generation. Thus, the growth in renewable energy declines the scope for the growth of the field-erected cooling tower market in the long term which is one of the restraining factors for the market. However, increasing energy generation from nuclear power is directly depended upon the performance of the cooling tower and thus can impact overall efficiency and power output. Another challenge for the market is that it requires large amounts of water for cooling and its availability is a major concern in the market.
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