Evaporative Cooler Market Emerging Growth Analysis, Future Demand and Business Opportunities 2028

The "Evaporative Cooler Market" is expected to grow from US$ 4,409.39 million in 2022 to US$ 6,492.10 million by 2028; it is anticipated to register at a CAGR of 6.7% from 2022 to 2028.

The evaporative cooler works by cooling the air through evaporating water; this process is called adiabatic cooling. The direct-type coolers contain a fan that draws warm outside air into the unit and cools it by passing it over water-soaked pads, which causes the water to evaporate. The evaporative cooler can reduce the air temperature by 15?F to 40?F of the space to be cooled. Some air coolers also have different parts, such as air filters and pads, which can improve air quality by minimizing mildew growth and reducing allergens.

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Companies Profiled in this report includes:

• Baltimore Aircoil Co
• CoolBoss LLC
• Dantherm Group AS
• Honeywell International Inc
• Metalurgica Manlleuense SA
• Munters Group AB
• Phoenix Manufacturing Inc
• Pinnacle Climate Technologies Inc
• SPX Technologies Inc
• Symphony Ltd

Evaporative coolers are one of the most cost-effective and energy-efficient area cooling solutions. Hence, their adoption at data centers is increasing tremendously and further boosting the evaporative cooler market growth. For instance, in September 2021, Huawei launched an Indirect Evaporative Cooling solution at HUAWEI CONNECT 2021. The company developed this next-generation solution to upgrade air handling units (AHU) to environment handling units (EHU), which can further help reduce data center power usage effectiveness (PUE) and embrace carbon neutrality.

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Evaporative Cooler Market Segmentation:

By Type:
• Direct Evaporative Cooling
• Indirect Evaporative Cooling
• Two-Stage Evaporative Cooling

By Application:
• Residential
• Commercial
• Industrial
• Confinement Farming

In Europe, there is a rising adoption of evaporative coolers among commercial, residential, and industrial buildings, which is driving the evaporative cooler market in the region. The region has been facing severe heat waves for the past few years, and most buildings in the region are not equipped with air conditioners. According to European Environment Agency (EEA), heatwaves caused ~77,000-129,000 deaths in Europe in the past 40 years, representing approximately 90% of all climate-related fatalities. The demand for evaporative coolers is increasing as it offers a cost-effective solution for space cooling without the requirement for heavy remodeling of the building. In addition, energy prices are rising tremendously due to the ongoing Russia-Ukraine war in Europe. This has happened due to the reduction of the Russian gas supply in Europe. The electricity and gas prices have risen by ~15-fold since early 2021, which will severely affect residential and business operations. Thus, to have an energy-efficient cooling solution, accelerating the evaporative coolers market growing in Europe.

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