Global Evaporative Cooling Market growing at 5.1% CAGR up to 2023 with major key Players Condair Group, Delta Cooling Towers, Inc., Eco Cooling, SPX Cooling Technologies, and Baltimore Aircoil Company.

Global Evaporative Cooling Market Overview:

Evaporative cooling allows companies to achieve cooling benefits without damaging the environment. It has become imperative for companies to adopt sustainable practices for their HVAC production and operations to mitigate the risks of global warming and environmental pollution. Although evaporative cooling is a traditional process, it has become a viable alternative to conventional air conditioning systems in areas where extremely low temperatures are not required. Initially, evaporative cooling was used in residential areas that required comfort cooling. However, they have extended their reach to industries and commercial entities, where the scale of operations is much greater than that of residential areas. The low maintenance and operating costs of these systems allow a more rapid adoption of the technology. However, the dependence of the external climate system restricts the same, as does the lack of air purification units. These systems emit a lot of moisture and the need for large amounts of water is a major obstacle to this technology.

Global Evaporative Cooling Market Size:

According to Research Cosmos, The Global Evaporative Cooling Market was valued at USD 5.47 billion in 2017 and is projected to reach USD 7.41 billion by the end of 2023, growing at a CAGR of 5.1% over the forecast period of 2018-2023.

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Drivers and Restraints:

Direct evaporative cooling is considered the most common form of evaporative cooling and is generally considered to be an older technology. The main applications of direct evaporative cooling are residential areas, commercial kitchens, warehouses or more flexible comfort requirements. Therefore, the type of configuration required depends mainly on the end user and the specified operating performance requirements. Residential evaporative coolers are mainly of the direct type, however, some indirect systems are also used. Direct evaporative air coolers are the simplest, oldest and most widely used type of evaporative air coolers. A fan is used to suck air over the humidified cushions and transport the cooled air to the conditioned space directly or through an air distribution system. The hot, dry air turns into the cold moist air because the heat of the air causes the water to evaporate. It is thought that refrigerants by direct evaporation are a small niche, mainly in desert climates where the relative humidity at noon is higher than 40% in July. It is expected that the poor quality of the product, the comfort, the shorter useful life of the equipment and the greater perception of the maintenance requirements will slow down the market.

Geographical Insights:

North America region is leading the Global Evaporative cooling market. Some of the areas in the country where evaporative cooling is on the verge of strong growth are western Texas, southwestern California, Nevada, New Mexico and Arizona. These states generally have a warm and dry climate and are perfect for evaporative coolers. States such as Wyoming, Utah, Washington, Montana, Oregon and Idaho have a semi-arid climate, with temperatures above 80 degrees and therefore, are ideal for evaporative coolers. States such as Illinois, Pennsylvania, Kentucky, West Virginia and Delaware have a humid climate, resulting in an inefficient operation of evaporative coolers, which hinders market growth in these areas. In addition, states such as Florida and North Carolina have humid climatic conditions with atmospheric humidity that make evaporative coolers inefficient. The main driver of the evaporative cooler market in the United States is its adoption in data centres. Asia Pacific region is also one of the regions which have risen in demand for Evaporative cooling systems due to higher adoption in countries such as India and China.

Condair Group, Delta Cooling Towers, Inc., Eco Cooling, SPX Cooling Technologies, and Baltimore Aircoil Company are the major players of the market among others.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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