EVAPORATIVE COOLING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

Evaporative cooling uses the principles of thermodynamics to create a cool environment. In order to do this, the water must be heated first. This is done by a water pump that streamlines the absorption of water into the evaporative media. A typical evaporative cooling system has three main components: the fan, the evaporative media, and the water pump. The fan is usually driven by an electric motor and draws the air across the evaporative media. The evaporative media is a thick pad that has several layers to improve the surface area. The pads also act as air filters and are a good way to remove a wide range of contaminants from the air.

Market Dynamics:

Increasing population has created a demand for cooling systems that are energy efficient. Climate change has also led to a rise in heat waves. Hence, the demand for evaporative cooling systems is also on the rise. Various governments have also offered incentives to promote energy efficient technologies. These factors are expected to boost growth of the global evaporative cooling market during the forecast period. Moreover, product innovations are also driving the market.

However, availability of other low cost alternatives and requirement of regular maintenance of these cooling systems is expected to obstruct growth of the global evaporative cooling market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global evaporative cooling market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global evaporative cooling market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Celsius Design Limited, Delta Cooling Towers Inc., CFW Evapcool, Condair Group AG, ENEXIO Water Technologies GmbH, SPX Cooling Technologies, Bonaire, Baltimore Aircoil Company Inc., Phoenix Manufacturing Inc., Munters Group AB, and Colt Group Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global evaporative cooling market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global evaporative cooling market

Detailed Segmentation:

• Global Evaporative Cooling Market, By Type of Cooling
  • Direct Evaporative Cooling
  • Indirect Evaporative Cooling
  • Two-stage Evaporative Cooling
• Global Evaporative Cooling Market, By Application
  • Residential Applications
  • Commercial Applications
  • Industrial Applications
  • Confinement Farming
  • Other Applications
• Global Evaporative Cooling Market, By Distribution Channel
  • Big Box Retailers
  • HVAC Contractors and Distributors
  • Other Distribution Channels
• Global Evaporative Cooling Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
• Company Profiles:
  • Delta Cooling Towers Inc.
  • Condair Group AG
  • SPX Cooling Technologies
  • Baltimore Aircoil Company Inc.
  • Munters Group AB
  • Colt Group Ltd
  • Phoenix Manufacturing Inc.
  • Bonaire
  • ENEXIO Water Technologies GmbH
  • CFW Evapcool
  • Celsius Design Limited