Evaporative Cooling Market 2021-2026: Trends, Scope, Demand, Opportunity and Forecast

The Evaporative Cooling Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Evaporative Cooling market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Evaporative Cooling market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Evaporative Cooling market.

The global evaporation cooling market was valued at USD 6.45 billion in 2020 and expected to reach USD 8.65 billion by 2026 and grow at a CAGR of 5.1% over the forecast period (2021 - 2026).

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Top Leading Companies of Evaporative Cooling Market are - Delta Cooling Towers Inc., Condair Group AG, SPX Cooling Technologies, Baltimore Aircoil Company Inc., Munters Group AB, Colt Group Limited, Phoenix Manufacturing Inc., Bonaire Group (Celi Group), ENEXIO Water Technologies GmbH, CFW Evapcool, Celsius Design Limited and others.

Industry News and Updates:

- In January 2018, Baltimore Aircoil Company introduced the Nexus Modular Hybrid Cooler, one of the first intelligent, plug-and-play, modular, hybrid fluid cooling systems, engineered to simplify system design and optimize water and energy savings.

- In February 2018, SPX Cooling Technologies Inc. announced the new Marley MD Everest counterflow cooling tower. The Marley MD Everest cooling tower is designed to meet HVAC demands and is suitable for a wide range of applications.

Key Market Trends:

Industrial Applications to Hold Major Share

Industrial applications for evaporative coolers comprise of warehouses, factories, manufacturing units, power generation, oil and gas, construction sector, and many more. The industrial sector accounts for the largest market share among all the end-user applications, driven by the large-scale deployment of both direct and evaporative coolers.
Due to the recent changes in the structure of warehouses and manufacturing units toward insulated structures, maintaining desired temperatures during summer has become a major consideration.

Asia-Pacific to Hold Major Share

The Asia-Pacific evaporative cooling market is driven by three major countries: Japan, Australia, and India. They have been deploying these cooling systems since the 1990s. The growing data center market, owing to the increased digitization, adoption of cloud services, and penetration of e-commerce in Japan, has been a key indicator of the increasing demand for evaporative cooling in the region. Equinix is a global data center company that opened an International Business Exchange (IBX) data center in Tokyo known as TY5 in 2018.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Evaporative Cooling Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Evaporative Cooling Market (%),2016 - 2026
- Evaporative Cooling Market Share, By Brand
- Evaporative Cooling Market Share, By Company
- Evaporative Cooling Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Evaporative Cooling Market Value Analysis & Forecast
- Promising Evaporative Cooling Development by Major Companies
- Detailed Evaporative Cooling Portfolio of the Major Companies
- Major Deals in the Evaporative Cooling Market
- Major Companies Analysis

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