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 vari...