Evaporative Cooling Market Share & Forecast 2025-2033: Commercial, Industrial & Residential Demand

The Global Evaporative Cooling Market reached US$ 6.51 billion in 2023 and is expected to reach US$ 10.24 billion by 2031, growing with a CAGR of 5.83% during the forecast period 2024-2031.

Evaporative cooling is an energy-efficient cooling technology that reduces air temperature through the natural evaporation of water, absorbing heat without relying on compressors or refrigerants. It consumes significantly less electricity than conventional HVAC systems and is widely used across industrial facilities, commercial buildings, data centers, and sustainable infrastructure projects. The technology supports low-carbon cooling strategies in hot and dry climates.

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Key Developments:

United States: Recent Industry Developments

✅ In July 2025, U.S. research institutions advanced passive evaporative cooling membrane technology designed for data centers and electronics cooling. The system enables heat dissipation without mechanical power, improving cooling efficiency while lowering operational energy demand.

✅ In June 2025, hybrid evaporative and groundwater-assisted cooling systems were deployed in pilot renewable energy installations. The approach demonstrated improved thermal regulation for solar and industrial equipment in high-temperature environments.

✅ In May 2025, multiple U.S. HVAC solution providers expanded industrial evaporative cooling deployments across logistics warehouses and manufacturing facilities, targeting energy savings and compliance with tightening efficiency standards.

Japan: Recent Industry Developments

✅ In July 2025, Japanese researchers introduced urban mist-based evaporative cooling systems designed to enhance outdoor thermal comfort in dense metropolitan areas. The solution focuses on reducing urban heat stress with minimal electricity usage.

✅ In June 2025, Japanese engineering firms advanced compact evaporative cooling designs for commercial buildings, integrating smart airflow controls to improve cooling effectiveness during peak summer demand.

✅ In May 2025, domestic manufacturers increased investments in low-water-consumption evaporative cooling technologies, aligning with Japan's sustainability goals and next-generation green building standards.

Forecast Growth Projected:

The Global Evaporative Cooling Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Evaporative Cooling Market:

Baltimore Aircoil Company, Condair Group, Colt Group, Celtic Cooling, Celcius Design Ltd, Delta Cooling Towers Inc., Enexio Water Technologies GMBH, Eco Cooling, Evapcool, Munters, SPX Cooling Technologies, Phoenix Manufacturing Inc, Bonaire, and CFW Evapcool.

Segment Covered in the Evaporative Cooling Market:

By Type of Cooling: Direct Evaporative Cooling, Indirect Evaporative Cooling, Two-stage Evaporative Cooling.

By Application: Residential, Commercial, Industrial, Confinement Farming, Other.

By Distribution Channel: Big-box Retailers, HVAC Contractors and Distributors, Others.

Regional Analysis:

The global Evaporative Cooling Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Evaporative Cooling Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Evaporative Cooling Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Evaporative Cooling manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Evaporative Cooling in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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FAQs

How big is the Evaporative Cooling Market?

The Evaporative Cooling Market size was USD 6.51 billion in 2023. It is expected to reach USD 10.24 billion by 2031.

How fast is the Evaporative Cooling Market growing?

The Evaporative Cooling Market will exhibit a CAGR of 5.83% during the forecast period, 2024-2031.

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