- Direct
- Indirect
- Two-stage
Evaporative Cooling Market size was valued at USD 6.2 billion in 2022 and is poised to grow at a significant CAGR of 6.1% over 2023-2029. Some of the key factors influencing the market growth include demand for cost-effective cooling solution, increased e-commerce activity, favorable regulations for sustainable energy across the world, adoption of evaporative coolers in data center, rapid adoption of big data and advancements in technologies and their benefits. However, dependency on external climate is the major factor restricting the market growth. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global evaporative cooling market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Global Evaporative Cooling Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.1%
Largest Market
Asia-Pacific
Fastest Growing Market
North America
Evaporative Cooling Market Dynamics
An evaporative cooler is essentially a large fan that draws warm air through water-moistened pads. As the water in the pads evaporates, the air is chilled and pushed out to the room. Data centers are an integral part of society, and those who work in the industry know that cooling has been and will always be an important part of this ecosystem. The increasing demand for data processing in recent years along with advances in computer and electronic technology produced a rapid growth in the data center sector. The growth in data center number and power densities is leading to an increase in energy demand. Cooling systems have evolved over the years. Data centers require a highly consistent and reliable source of cooling that doesn’t moisturize environments full of sensitive electronic equipment such as servers and mainframes.
Evaporative Cooling Market Regional Analysis
Asia-Pacific Got Significant Share
Asia Pacific accounted for larger revenue share in global evaporative cooling market with considerable CAGR. The growth in this region is due to adoption of cloud services, increased digitization and penetration of e-commerce. India are Japan are the major contributors for the growth of the market in the region. North America held substantial market growth during estimated period owing to various government standards, demand for data centers is growing at a fast pace, advancements in technologies and popularity of evaporative cooling.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The evaporative cooling market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Evaporative Cooling Market Segmentation
By Type of Cooling
By Application
- Industrial
- Commercial
- Confinement Farming
- Other Applications
By Distribution Channel
- Big Box Retailers
- HVAC Contractors and Distributors
- Other Distribution Channels
Frequently Asked Questions
The evaporative cooling market size was valued at USD 6.2 billion in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
- Delta Cooling TowersInc.
- Condair Group
- SPX Cooling Technologies
- Enexio Water Technologies GmbH
- Eco Cooling
- Baltimore Aircoil Company
- Celtic Cooling
- Colt Group
- Evapcool
- Celsius Design Ltd