Evaporative Cooling Market 2022 Growth, Industry Trends, Size by Regional Forecast to 2027

The Evaporative Cooling market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Evaporative Cooling Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

Competitive Landscape: 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:

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.

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Scope of the Report:

The Evaporative Cooling Market is expected to register a CAGR of 5.1% over the forecast period 2022 - 2027.

The favorable regulations for sustainable energy across the world, and advancements in technologies and their benefits, as compared to traditional cooling techniques, are significantly driving the market studied.
The other major driver for the market is the adoption of evaporative coolers in data centers. The demand for data centers is increasing at a high pace in the country, with the rapid adoption of Big Data, digital content, and e-commerce.

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.

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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.

Regional Analysis for Evaporative Cooling Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Evaporative Cooling Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about Evaporative Cooling report coverage:

- A complete background analysis, which includes an assessment of the Global Evaporative Cooling Market.

- Important changes in Evaporative Cooling market dynamics

- Evaporative Cooling Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Evaporative Cooling market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Evaporative Cooling industry developments

- Evaporative Cooling Market shares and strategies of key players

- Emerging niche Evaporative Cooling segments and regional markets

- An objective assessment of the trajectory of the Evaporative Cooling market

- Recommendations to companies for strengthening their foothold in the Evaporative Cooling market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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