Market Overview:
The global large evaporative air coolers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for large evaporative air coolers from various end-use industries, such as buildings, factories, oil & gas and others. In addition, the growing awareness about energy efficiency and its benefits is also contributing to the growth of this market.
Product Definition:
Large evaporative air coolers are devices that use evaporation to lower the temperature of a room. They work by blowing hot air into a large water tank, where it is cooled by the evaporation of the water. The cooled air is then blown back into the room, lowering the overall temperature. Large evaporative air coolers are important because they can significantly reduce energy costs in warm climates.
Spontaneous Evaporation:
Spontaneous evaporation is the process in which water is released from a wetted surface by the heat of the sun. It usually takes place on calm days at low temperatures. Evaporation rate can be controlled by varying air flow and composition of liquid being evaporated, as well as control over factors that determine when it will take place such as temperature, time of day, etc.
Explosive Evaporation:
Explosive evaporation is a drying process in which the heat generated by an explosive mixture (known as the explosive) is used to drive a fan. The process takes place at a very high speed and pressure, thus making it useful for large evaporative air coolers.
The basic principle behind this method of producing dryness is simple; if you can generate enough heat then almost all liquids will boil away quickly and leave only the gas/vapor remaining.
Application Insights:
The demand for LEEAC is expected to witness growth owing to its application in various industries including buildings, oil & gas, and others. The building segment dominated the market with a share of over 40% in 2017. Evaporative air coolers are widely used in commercial buildings as they help maintain indoor climate by reducing the heat gain or loss through ventilation ducts and air conditioning systems.
In addition, these devices also eliminate moisture from the air, thereby protecting building materials such as woodwork and paintwork from damage due to condensation formation. They are also used at construction sites where explosive mining activities take place or where natural gas is extracted using hydraulic drilling methods. In such cases, large-scale evaporation units can be deployed since they require lesser amount of water compared to other cooling methods employed at that time period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. In addition, rising disposable income levels are anticipated to drive demand for large evaporative air coolers over the forecast period.
The Asia Pacific was followed by Europe with a revenue share of around 25% in 2017 on account of high product penetration in Germany and France on account of extensive usage in residential as well as commercial applications.
North America emerged as one of the prominent markets accounting for more than 15% revenue share in 2017 owing to increasing focus towards reducing indoor temperature levels leading into higher adoption rates for large evaporative air coolers across various industries including manufacturing, oil & gas.
Growth Factors:
- Increasing demand for large evaporative air coolers from the commercial sector on account of rising temperatures and the need for energy-efficient cooling solutions.
- Growing popularity of evaporative air coolers as an eco-friendly alternative to traditional ACs, especially in regions with high humidity levels.
- Rising disposable incomes and growing consumer awareness about the benefits of large evaporative air coolers, which is aiding market growth.
- Proliferation of online retail channels that offer a wider range of products at competitive prices is helping to boost sales growth prospects for the market players.
Scope Of The Report
Report Attributes
Report Details
Report Title
Large Evaporative Air Coolers Market Research Report
By Type
Spontaneous Evaporation, Explosive Evaporation
By Application
Buildings, Factory, Oil & Gas, Other
By Companies
SPX, Kelvion Holding GmbH, Baltimore Aircoil Company, Evapco Group, EBARA, Luoyang Longhua, Xiamen Mingguang, Lanpec Technologies, Condair Group AG, Hubei Electric Power Company, Shanghai Baofeng, Shijiazhuang Tianren, Honeywell, NewAir, Hessaire, Hitachi, Prem-I-Air, North Storm Air Wave Coolers
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Large Evaporative Air Coolers Market Report Segments:
The global Large Evaporative Air Coolers market is segmented on the basis of:
Types
Spontaneous Evaporation, Explosive Evaporation
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
Buildings, Factory, Oil & Gas, Other
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 GmbH
- Baltimore Aircoil Company
- Evapco Group
- EBARA
- Luoyang Longhua
- Xiamen Mingguang
- Lanpec Technologies
- Condair Group AG
- Hubei Electric Power Company
- Shanghai Baofeng
- Shijiazhuang Tianren
- Honeywell
- NewAir
- Hessaire
- Hitachi
- Prem-I-Air
- North Storm Air Wave Coolers
Highlights of The Large Evaporative Air Coolers 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:
- Spontaneous Evaporation
- Explosive Evaporation
- By Application:
- Buildings
- Factory
- Oil & Gas
- Other
- 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 Large Evaporative Air Coolers 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Large evaporative air coolers are large, powerful machines that use the evaporation of water to create a cooling effect. They are typically used in commercial or industrial settings where high levels of humidity and heat are present.
Some of the major players in the large evaporative air coolers market are SPX, Kelvion Holding GmbH, Baltimore Aircoil Company, Evapco Group, EBARA, Luoyang Longhua, Xiamen Mingguang, Lanpec Technologies, Condair Group AG, Hubei Electric Power Company, Shanghai Baofeng, Shijiazhuang Tianren, Honeywell, NewAir, Hessaire, Hitachi, Prem-I-Air, North Storm Air Wave Coolers.
The large evaporative air coolers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Large Evaporative Air Coolers 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. Large Evaporative Air Coolers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Large Evaporative Air Coolers Market - Supply Chain
4.5. Global Large Evaporative Air Coolers Market Forecast
4.5.1. Large Evaporative Air Coolers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Large Evaporative Air Coolers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Large Evaporative Air Coolers Market Absolute $ Opportunity
5. Global Large Evaporative Air Coolers 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. Large Evaporative Air Coolers Market Size and Volume Forecast by Type
5.3.1. Spontaneous Evaporation
5.3.2. Explosive Evaporation
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Large Evaporative Air Coolers 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. Large Evaporative Air Coolers Market Size and Volume Forecast by Application
6.3.1. Buildings
6.3.2. Factory
6.3.3. Oil & Gas
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Large Evaporative Air Coolers 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. Large Evaporative Air Coolers 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 Large Evaporative Air Coolers 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. Large Evaporative Air Coolers 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 Large Evaporative Air Coolers Demand Share Forecast, 2019-2026
9. North America Large Evaporative Air Coolers 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 Large Evaporative Air Coolers 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 Large Evaporative Air Coolers Market Size and Volume Forecast by Application
9.4.1. Buildings
9.4.2. Factory
9.4.3. Oil & Gas
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Large Evaporative Air Coolers Market Size and Volume Forecast by Type
9.7.1. Spontaneous Evaporation
9.7.2. Explosive Evaporation
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 Large Evaporative Air Coolers Demand Share Forecast, 2019-2026
10. Latin America Large Evaporative Air Coolers 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 Large Evaporative Air Coolers 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 Large Evaporative Air Coolers Market Size and Volume Forecast by Application
10.4.1. Buildings
10.4.2. Factory
10.4.3. Oil & Gas
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Large Evaporative Air Coolers Market Size and Volume Forecast by Type
10.7.1. Spontaneous Evaporation
10.7.2. Explosive Evaporation
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 Large Evaporative Air Coolers Demand Share Forecast, 2019-2026
11. Europe Large Evaporative Air Coolers 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 Large Evaporative Air Coolers 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 Large Evaporative Air Coolers Market Size and Volume Forecast by Application
11.4.1. Buildings
11.4.2. Factory
11.4.3. Oil & Gas
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Large Evaporative Air Coolers Market Size and Volume Forecast by Type
11.7.1. Spontaneous Evaporation
11.7.2. Explosive Evaporation
11.8. Basis Point Share (BPS) Analsis 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 Large Evaporative Air Coolers Demand Share, 2019-2026
12. Asia Pacific Large Evaporative Air Coolers 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 Large Evaporative Air Coolers 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 Large Evaporative Air Coolers Market Size and Volume Forecast by Application
12.4.1. Buildings
12.4.2. Factory
12.4.3. Oil & Gas
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Large Evaporative Air Coolers Market Size and Volume Forecast by Type
12.7.1. Spontaneous Evaporation
12.7.2. Explosive Evaporation
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 Large Evaporative Air Coolers Demand Share, 2019-2026
13. Middle East & Africa Large Evaporative Air Coolers 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 Large Evaporative Air Coolers 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 Large Evaporative Air Coolers Market Size and Volume Forecast by Application
13.4.1. Buildings
13.4.2. Factory
13.4.3. Oil & Gas
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Large Evaporative Air Coolers Market Size and Volume Forecast by Type
13.7.1. Spontaneous Evaporation
13.7.2. Explosive Evaporation
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 Large Evaporative Air Coolers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Large Evaporative Air Coolers Market: Market Share Analysis
14.2. Large Evaporative Air Coolers Distributors and Customers
14.3. Large Evaporative Air Coolers 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 GmbH
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. Xiamen Mingguang
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lanpec Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Condair Group AG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hubei Electric Power Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Baofeng
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shijiazhuang Tianren
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Honeywell
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NewAir
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hessaire
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hitachi
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Prem-I-Air
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. North Storm Air Wave Coolers
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
