Evaporative Cooling Market Size 2022-27: Industry Trends, Share, Growth, Report, Top Companies Overview and Forecast

According to the latest report by IMARC Group, titled "Evaporative Cooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", it is projected to reached a value of US$ 5.67 Billion in 2021. Looking forward, IMARC Group 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, otherwise known as adiabatic cooling, refers to a cooling and ventilation technique that uses water as a refrigerant. It is a highly sustainable and energy-efficient method used to provide cooling for buildings, machinery, manufacturing facilities, etc. Evaporative cooling devices work on the principle of water evaporation through which the surrounding air is cooled to a comfortable temperature. These systems use lesser energy and ventilate clean, fresh, filtered, and cool air that enhances the overall indoor air quality. As a result, evaporative cooling finds extensive utilization across various sectors, such as residential, commercial, industrial, confinement farming, etc.

Covid-19 Impact:

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.

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Evaporative Cooling Market Trends and Drivers:

The escalating temperatures on account of global warming and the increasing need to minimize the carbon footprint are primarily driving the evaporative cooling market. Besides this, the expanding population and urbanization levels, along with the growing awareness towards the benefits of these systems, are further augmenting the market growth. 

Apart from this, the launch of favorable policies by government bodies to promote the usage of energy-efficient technologies is also catalyzing the global market. Moreover, evaporative cooling systems are being utilized for the Energy Investment Deduction (EIA), which is acting as another significant growth-inducing factor. 

Furthermore, continuous advancements in cooling technologies and product innovations are expected to bolster the evaporative cooling market in the coming years. 

Evaporative Cooling Market Report Scope
Report Coverage	Details
Market size value in 2021	US$ 338.0 Million
Market forecast in 2027	US$ 467.0 Million
Growth Rate	CAGR of 5.57% from 2022 to 2027
Base year for estimation	2021
Historical data	2016-2021
Forecast period	2022-2027

Global Evaporative Cooling Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include: 

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. and SPX Cooling Technologies Inc. (SPX Corporation).

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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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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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