Market Overview:
The global evaporative cooling market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for evaporative cooling systems from residential, commercial, and industrial sectors. Additionally, the growing awareness about energy-efficient cooling solutions is also propelling the growth of this market. Based on type, direct evaporative cooling accounted for the largest share of the global evaporative cooling market in 2017. This segment is projected to grow at a CAGR of 6% during the forecast period.
Product Definition:
Evaporative cooling is the process of using water to cool a building or other space. This can be done by using a fan to blow air over water that is in contact with the building’s skin, or by spraying the water directly on the building. Evaporative cooling can significantly reduce energy use in buildings, since it relies on evaporation (a natural process) rather than electricity-powered air conditioning.
Direct Evaporative Cooling:
Direct evaporative cooling is a process of removing heat from a liquid or gas by allowing it to evaporate into the atmosphere. The coolant used in these systems is usually water, however, other liquids such as alcohol and glycol can also be used. Direct evaporative cooling accounts for approximately 50% of the total global air conditioning sales.
The global direct evaporative cooling market was valued at USD 2 billion in 2012.
Indirect Evaporative Cooling:
Indirect evaporative cooling is a method of dissipating heat by using the cooler air outside the building. Evaporative coolers do not use water, instead they rely on wetting agents or liquids to carry away heat. The most common way of employing this technique is by installing a series of tubes in an open space and running water through these tubes at high pressure.
Application Insights:
The commercial use segment dominated the global market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to an increase in demand for air conditioning across various commercial spaces including offices, shopping malls, and hotels. Furthermore Evaporative Cooling Systems (EFS) provide cost-effective cooling solution as it requires less energy as compared to other forms of air conditioning such as central air conditioner or heat pump which uses water cooling system.
Increasing number of hospitals and medical centers is expected to drive the product demand from confinements farming application owing to its ability to control crop temperature without using water at all costs thus making it a sustainable solution for farmers who practice confinement farming technique.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in increased construction activities. This, in turn, has led to an increase in commercial and industrial establishments across countries such as China and India. Evaporative cooling is used extensively for cooling structures during hot weather conditions as it consumes minimal energy while providing maximum comfort.
The Asia Pacific regional market will be driven by countries such as Japan, South Korea, Taiwan Province of China (Taiwan), Singapore among others owing to climatic conditions that render outdoor air conditioning systems ineffective. Furthermore, increasing awareness regarding health risks associated with heat stress are anticipated to drive evaporative cooler demand over the forecast period in these regions particularly during hot summer months when temperature rise exceeds 40 degrees Celsius (104 Fahrenheit).
Europe was estimated at USD X billion in 2017.
Growth Factors:
- Increasing demand for evaporative cooling systems from the commercial sector on account of rising temperatures and the need for energy-efficient cooling solutions.
- Growing popularity of evaporative coolers as an eco-friendly alternative to traditional air conditioning systems.
- Proliferation of smart homes and buildings, which is expected to drive the demand for advanced evaporative cooling systems in the near future.
- Rising investments in research and development activities aimed at improving the efficiency and performance of evaporative cooling systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Evaporative Cooling Market Research Report
By Type
Direct Evaporative Cooling, Indirect Evaporative Cooling, Two-stage Evaporative Cooling, Evaporative Coolin
By Application
Residential Use, Commercial Use, Industrial Use, Confinement Farming, Others
By Companies
SPX, Kelvion Holding, Baltimore Aircoil Company, Evapco Group, EBARA, Luoyang Longhua, Honeywell, NewAir, Hessaire, Hitachi, Prem-I-Air, North Storm Air Wave Coolers, Celcius Design, Bonaire Group (Celi Group), Delta Cooling Towers, Celtic Cooling, Eco Cooling, Enexio Water Technologies, Evapcool, Colt Group, CFW Evapcool, Phoenix Manufacturing, Munters, Xiamen Mingguang, Lanpec Technologies, Condair Group, Hubei Electric Power Company, Shanghai Baofeng, Shijiazhuang Tianren, Evaporative Coolin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Evaporative Cooling Market Report Segments:
The global Evaporative Cooling market is segmented on the basis of:
Types
Direct Evaporative Cooling, Indirect Evaporative Cooling, Two-stage Evaporative Cooling, Evaporative Coolin
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use, Industrial Use, Confinement Farming, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SPX
- Kelvion Holding
- Baltimore Aircoil Company
- Evapco Group
- EBARA
- Luoyang Longhua
- Honeywell
- NewAir
- Hessaire
- Hitachi
- Prem-I-Air
- North Storm Air Wave Coolers
- Celcius Design
- Bonaire Group (Celi Group)
- Delta Cooling Towers
- Celtic Cooling
- Eco Cooling
- Enexio Water Technologies
- Evapcool
- Colt Group
- CFW Evapcool
- Phoenix Manufacturing
- Munters
- Xiamen Mingguang
- Lanpec Technologies
- Condair Group
- Hubei Electric Power Company
- Shanghai Baofeng
- Shijiazhuang Tianren
- Evaporative Coolin
Highlights of The Evaporative Cooling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Direct Evaporative Cooling
- Indirect Evaporative Cooling
- Two-stage Evaporative Cooling
- Evaporative Coolin
- By Application:
- Residential Use
- Commercial Use
- Industrial Use
- Confinement Farming
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Evaporative Cooling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Evaporative cooling is a process that uses the natural evaporating power of water to remove heat from an object or area. The cooled air then circulates through the space, providing relief from hot temperatures.
Some of the key players operating in the evaporative cooling market are SPX, Kelvion Holding, Baltimore Aircoil Company, Evapco Group, EBARA, Luoyang Longhua, Honeywell, NewAir, Hessaire, Hitachi, Prem-I-Air, North Storm Air Wave Coolers, Celcius Design, Bonaire Group (Celi Group), Delta Cooling Towers, Celtic Cooling, Eco Cooling, Enexio Water Technologies, Evapcool, Colt Group, CFW Evapcool, Phoenix Manufacturing, Munters, Xiamen Mingguang, Lanpec Technologies, Condair Group, Hubei Electric Power Company, Shanghai Baofeng, Shijiazhuang Tianren, Evaporative Coolin.
The evaporative cooling market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Evaporative Cooling Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Evaporative Cooling Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Evaporative Cooling Market - Supply Chain
4.5. Global Evaporative Cooling Market Forecast
4.5.1. Evaporative Cooling Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Evaporative Cooling Market Size (000 Units) and Y-o-Y Growth
4.5.3. Evaporative Cooling Market Absolute $ Opportunity
5. Global Evaporative Cooling Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Evaporative Cooling Market Size and Volume Forecast by Type
5.3.1. Direct Evaporative Cooling
5.3.2. Indirect Evaporative Cooling
5.3.3. Two-stage Evaporative Cooling
5.3.4. Evaporative Coolin
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Evaporative Cooling Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Evaporative Cooling Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Commercial Use
6.3.3. Industrial Use
6.3.4. Confinement Farming
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Evaporative Cooling Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Evaporative Cooling Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Evaporative Cooling Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Evaporative Cooling Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Evaporative Cooling Demand Share Forecast, 2019-2026
9. North America Evaporative Cooling Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Evaporative Cooling Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Evaporative Cooling Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Commercial Use
9.4.3. Industrial Use
9.4.4. Confinement Farming
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Evaporative Cooling Market Size and Volume Forecast by Type
9.7.1. Direct Evaporative Cooling
9.7.2. Indirect Evaporative Cooling
9.7.3. Two-stage Evaporative Cooling
9.7.4. Evaporative Coolin
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Evaporative Cooling Demand Share Forecast, 2019-2026
10. Latin America Evaporative Cooling Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Evaporative Cooling Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Evaporative Cooling Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Commercial Use
10.4.3. Industrial Use
10.4.4. Confinement Farming
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Evaporative Cooling Market Size and Volume Forecast by Type
10.7.1. Direct Evaporative Cooling
10.7.2. Indirect Evaporative Cooling
10.7.3. Two-stage Evaporative Cooling
10.7.4. Evaporative Coolin
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Evaporative Cooling Demand Share Forecast, 2019-2026
11. Europe Evaporative Cooling Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Evaporative Cooling Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Evaporative Cooling Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Commercial Use
11.4.3. Industrial Use
11.4.4. Confinement Farming
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Evaporative Cooling Market Size and Volume Forecast by Type
11.7.1. Direct Evaporative Cooling
11.7.2. Indirect Evaporative Cooling
11.7.3. Two-stage Evaporative Cooling
1.7.4. Evaporative Coolin
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Evaporative Cooling Demand Share, 2019-2026
12. Asia Pacific Evaporative Cooling Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Evaporative Cooling Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Evaporative Cooling Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Commercial Use
12.4.3. Industrial Use
12.4.4. Confinement Farming
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Evaporative Cooling Market Size and Volume Forecast by Type
12.7.1. Direct Evaporative Cooling
12.7.2. Indirect Evaporative Cooling
12.7.3. Two-stage Evaporative Cooling
12.7.4. Evaporative Coolin
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Evaporative Cooling Demand Share, 2019-2026
13. Middle East & Africa Evaporative Cooling Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Evaporative Cooling Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Evaporative Cooling Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Commercial Use
13.4.3. Industrial Use
13.4.4. Confinement Farming
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Evaporative Cooling Market Size and Volume Forecast by Type
13.7.1. Direct Evaporative Cooling
13.7.2. Indirect Evaporative Cooling
13.7.3. Two-stage Evaporative Cooling
13.7.4. Evaporative Coolin
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Evaporative Cooling Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Evaporative Cooling Market: Market Share Analysis
14.2. Evaporative Cooling Distributors and Customers
14.3. Evaporative Cooling Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SPX
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kelvion Holding
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Baltimore Aircoil Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Evapco Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. EBARA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Luoyang Longhua
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Honeywell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NewAir
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hessaire
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hitachi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Prem-I-Air
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. North Storm Air Wave Coolers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Celcius Design
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Bonaire Group (Celi Group)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Delta Cooling Towers
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Celtic Cooling
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Eco Cooling
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Enexio Water Technologies
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Evapcool
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Colt Group
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
