Emerging Trends in Adiabatic Coolers Market 2020 and Global Foreseen Till 2025 | Analysis by Top Key Vendors - Thermax, Baltimore Aircoil Company, EVAPCO

Global Adiabatic Coolers Market overview:

The growing demand for Adiabatic Coolers has provided a major boost to the Global Adiabatic Coolers Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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Adiabatic cooler is a liquid cooler used to reduce the inlet air temperature through a closed loop coil. Adiabatic coolers are mainly used in commercial places and data storing centers to decrease the heat density of that particular place. This in turn is expected to enhance the demand for adiabatic coolers across the world. In addition, rising number of storing companies and data generation centers are also expected to encourage the growth of the adiabatic cooler market.

Furthermore, adiabatic coolers are being adopted across the world due to its low operating cost. Adiabatic coolers are incorporated with pre-cooling pads, so as to draw cold air through these pads by running water over the pads. Adiabatic coolers are used to regulate temperature various industries such as chemical industry, petrochemical, food & beverage and among others.

The global Adiabatic Coolers Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Dry Air Cooler

2 Liquid Cooler

On the basis of End Use Industry, the market is split into:

1 Oil & Gas

2 Machinery & Equipment Manufacturing

3 Chemical Industry

4 Petrochemical

5 Food & Beverage

Objectives of the Study

To describe and forecast the global Adiabatic Coolers Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Adiabatic Coolers Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Adiabatic Coolers Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Adiabatic Coolers Market.

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Some of the Adiabatic Coolers Market manufacturers involved in the market are Thermax, Baltimore Aircoil Company, EVAPCO, SPX Cooling Technologies, G�ntner, ICS Cool Energy, Alfa Laval, Vistech, MITA Group, Trane, Acquisitions and effective mergers are some of the strategies adopted by the Adiabatic Coolers Market manufacturers. New product launches and continuous technological innovations are the Adiabatic Coolers Market strategies adopted by the major players.

Latest Industry Updates:

Downtown Philadelphia's Benjamin Franklin House needed an HVAC overhaul but, like most historic buildings, had no room to expand. EVAPCO reached into its archives for the specs of the building's original cooling tower and created a more powerful, up-to-date version for the same space, making the installation process easier for Elliott-Lewis Corporation.

The Benjamin Franklin Hotel--now known as The Franklin Residences or, simply, "The Ben"--was built in 1923. Upgrading historic sites typically comes with challenges, such as limited space. The building's owners recognized that keeping tenants and guests comfortable during increasingly warm and humid summers would take the right systems and equipment working with minimal or no downtime. A key component of The Ben's cooling system is the cooling tower that serves a water-sourced heat pump loop in the building. For many years, this loop met most of the building's cooling needs. Several suites still use packaged terminal air conditioner units, but many tenants have requested the switch to heat pumps. In addition, the retail space expanded from one floor to two. These changes have increased demand on the heat pump loop.

Mike McCauley, sales engineer at Elliott-Lewis Corporation, explained yet another reason for the demand increase. "Some equipment loses efficiency as it gets older. Back when it was built, the system was designed to meet certain demands. Well, those demands have changed. We have warmer summers now, and that's taxing on older equipment. You can have the best maintenance in the world and [the system] still won't be as efficient as it once was."

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Asia Pacific was a prominent market for Adiabatic Coolerss in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Adiabatic Coolers market in Asia Pacific.

There are several manufacturers of Adiabatic Coolerss in Europe and North America. In North America, the demand for Adiabatic Coolerss is primarily driven by the residential sector. Improved standards of living and rising usage of Adiabatic Coolerss for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Adiabatic Coolers Market Report 2020

1 Adiabatic Coolers Definition

2 Global Adiabatic Coolers Market Major Player Share and Market Overview

3 Major Player Adiabatic Coolers Business Introduction

4 Global Adiabatic Coolers Market Segmentation (Region Level)

5 Global Adiabatic Coolers Market Segmentation (Product Type Level)

6 Global Adiabatic Coolers Market Segmentation (Industry Level)

7 Global Adiabatic Coolers Market Segmentation (Channel Level)

8 Adiabatic Coolers Market Forecast 2020-2024

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