Press release
Evaporative Cooling Market 2021: Industry Overview, Trends, Growth and Forecast 2027
Precision Business Insights published a research report on “Evaporative Cooling Market: By Type of Cooling (Direct, Indirect and Two-stage), By Application (Industrial, Commercial, Confinement Farming and Other Applications), By Distribution Channel (Big Box Retailers, HVAC Contractors and Distributors and Other Distribution Channels) and Geography - Global/Region/Country Forecast to 2027".Evaporative cooling is chosen over traditional cooling systems because it relies on a natural mechanism, namely the reduction of air temperature through the evaporation of water. Despite its age, it has emerged as an effective alternative to traditional air conditioning systems in locations where extreme cold is not necessary. The industry is being driven by favorable policies for sustainable energy around the world, as well as developments in technology and their benefits over traditional cooling systems. The usage of evaporative coolers in data centers is another key market driver. With the increased adoption of Big Data, online content, and e-commerce, the demand for data centers in the country is increasing at a rapid rate. Furthermore, the industry is currently looking for energy-efficient technologies that have the potential to cut data center running costs and carbon emissions.
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One of the major factors driving the worldwide evaporative cooling industry is the growing demand for cost-effective cooling solutions. The evaporative cooler can save you up to 50% on energy expenditures and up to 75% on running costs when compared to a comparable refrigerated air conditioner. Evaporative cooling is both environmentally and economically advantageous. By lowering CO2, CFC, and other greenhouse gas emissions, it improves air quality. Evaporative coolers are extremely efficient and cost-effective cooling equipment that, on average, cost less than an air conditioner to function. Furthermore, evaporative coolers are less expensive to operate and maintain than air conditioners. Furthermore, many consumers who want to use evaporative cooling systems view their reliance on external climate elements as one of the most important considerations to consider. In heat and humidity, an evaporative cooler will not be able to give the same level of thermal comfort. In fact, because it raises air humidity, it might make people feel more uncomfortable. To enhance its effectiveness, this electric appliance should be used near exhaust ducts, open windows, or in the open air.
The global evaporative cooling market has been fragmented by type into direct, indirect, and two-stage evaporative cooling. The indirect evaporative cooling segment hold the highest market share in the year 2020. Indirect evaporative systems function very well in dry weathers with high dry bulb temperatures.
Three key countries dominate the Asia-Pacific evaporative cooling market: Japan, Australia, and India. These cooling systems have been in use since the 1990s. The burgeoning data center sector in Japan, owing to the increasing digitalization, cloud usage, and e-commerce penetration, has been a crucial indicator of the region's growing demand for evaporative cooling.
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There are some major players working in evaporative cooling market, which include 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
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We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
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