Evaporative cooling or adiabatic cooling refers to the process of converting water into vapor using the thermal energy in the air, resulting in a lower air temperature. It is a sustainable and energy-efficient cooling technique that provides a comfortable climate for production facilities, distribution centers, and office and residential buildings. Compared to conventional air-cooling technologies, evaporative cooling systems utilize lesser energy to ventilate fresh, filtered, and cool air.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
According to the latest report by IMARC Group, titled "Global Evaporative Cooling Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027" reached a value of US$ 5.67 Billion in 2021. Looking forward, expects the market to reach a value of US$ 8.41 Billion by 2027 exhibiting a CAGR of 6.50% during 2022-2027.
Evaporative Cooling Market Trends and Drivers:
The market is primarily driven by the rising temperatures and the growing need to reduce the carbon footprint caused by global warming. In addition, the increasing demand for energy-efficient, sustainable, and cost-effective cooling solutions for residential buildings is contributing to the market growth.
Besides this, governments of numerous countries are offering incentives and subsidies to promote the use of energy-efficient technologies, which represent another major growth-inducing factor. Moreover, evaporative cooling systems are being extensively employed in commercial and industrial units such as warehouses, factories, manufacturing, power generation, oil and gas, and construction.
This, coupled with the advent of various technological advancements, such as cooling technologies integrated with the Internet of Things (IoT), is creating a favorable market outlook across the globe. Furthermore, stringent environmental regulations and the rising need to implement industry standards are some of the other factors anticipated to propel the market growth.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Evaporative Cooling Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis of region, cooling, distribution channel and application
Breakup by Type of Cooling:
- Direct Evaporative Cooling
- Indirect Evaporative Cooling
- Two-stage Evaporative Cooling
Breakup by Distribution Channel:
- Big-box Retailers
- HVAC Contractors and Distributors
- Others
Breakup by Application:
- Residential
- Commercial
- Industrial
- Confinement Farming
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major key players operating in the market.
- Baltimore Aircoil Company Inc. (Amsted Industries Incorporated)
- Bonaire Heating & Cooling
- Celsius Design Limited
- CFW Evapcool
- Colt Group Limited
- Condair Group AG
- Delta Cooling Towers Inc.
- EcoCooling
- ENEXIO Water Technologies GmbH
- Munters Group
- Phoenix Manufacturing Inc.
- SPX Cooling Technologies Inc. (SPX Corporation)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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