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Global Evaporative Cooling Market Size study & Forecast, by Type of Cooling (Direct Evaporative Cooling, Indirect Evaporative Cooling, Two-stage Evaporative Cooling) by Application (Residential Applications, Commercial Applications, Industrial Applications, Confinement Farming, Other Applications), by Distribution Channel (Big-box Retailers, HVAC Contractors and Distributors, Other Distribution Channels) and Regional Analysis, 2023-2030

October 2023 | 200 pages | ID: G027EFBCCBC7EN
Bizwit Research & Consulting LLP

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Global Evaporative Cooling Market is valued at approximately USD 7.53 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.35% over the forecast period 2023-2030. Evaporative cooling is a natural process that involves reducing the temperature of an object or an environment by utilizing the principle of evaporation. When a liquid evaporates, it absorbs heat from its surroundings, resulting in a decrease in temperature. Evaporative cooling is a natural and energy-efficient method for cooling, particularly in regions with dry climates. It is often considered an environmentally friendly alternative to traditional air conditioning systems, as it consumes less electricity and relies on the natural process of evaporation. The Evaporative Cooling market is expanding because of factors such as increasing government moves promote energy-efficient technologies and intensified adoption of home cooling appliances.

Evaporative cooling is a process that uses the natural evaporation of water to lower the temperature of an environment. It is an energy-efficient alternative to traditional air conditioning systems, which consume significant amounts of electricity. Governments across the globe is promoting the adoption of energy efficient technologies in the region. The India Cooling Action Plan (ICAP)3 was introduced by the Indian government in 2019 to offer a 20-year perspective on the changing cooling demand and many short- and long-term proposals to ensure sustainable cooling. Similarly, The project 'Energy Efficient Cooling - EE-Cool' has also been launched under the Indo-German Energy Programme (IGEN) to carry out the India Cooling Action Plan (ICAP) with regards to energy-efficient central cooling, per an implementation agreement signed on November 1, 2019, between the Bureau of Energy Efficiency (BEE) and Deutsche Gesellschaft fьr Internationale Zusammenarbeit (GIZ) GmbH, which is funded by the International Climate Initiative (IKI) of the GoI. Thus, rising government moves to promote the adoption of energy-efficient technologies are driving the market growth. In addition, rising demand for cost-effective cooling solutions and increasing use of evaporative cooling in data centers is creating lucrative growth in the market. However, Dependency of evaporative cooling on external climate stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Evaporative Cooling Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to factors such as rising demand and adoption of air conditioners, rising development of data centers, and rising adoption of evaporative cooling techniques by the market players in the region. Whereas North America is expected to witness strong growth in market over the forecast period owing to factors such as rising development of commercial infrastructure, The rise government moves for sustainable energy management and increase in adoption of evaporating cooling systems in the region.

Major market player included in this report are:

Delta Cooling Towers Inc.

Condair Group AG

SPX Cooling Technologies

Baltimore Aircoil Company Inc.

Munters Group AB

Colt Group Limited

Phoenix Manufacturing Inc.

Celsius Design Limited

ENEXIO Water Technologies GmbH

CFW Evapcool

Recent Developments in the Market:
  • In May 2021, Condair unveiled a cutting-edge direct evaporative cooling system for data centres that has the advantage of humidifying and cooling the airstream without adding thermal energy (heat). This method delivers liquid water into the air stream and uses heat from the air to turn the liquid into vapour.
  • In February 2021, Munters Group AB and CTT Systems AB, a key player in the aircraft humidity management systems industry, engaged into a partnership agreement in order to develop a new kind of evaporative media that would improve the efficiency and performance of CTT Systems AB's aviation humidifiers.
Global Evaporative Cooling Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Type of Cooling, Application, Distribution Channel, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type of Cooling:

Direct Evaporative Cooling

Indirect Evaporative Cooling

Two-stage Evaporative Cooling

By Application:

Residential Applications

Commercial Applications

Industrial Applications

Confinement Farming

Other Applications

By Distribution Channel:

Big-box Retailers

HVAC Contractors and Distributors

Other Distribution Channels

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Evaporative Cooling Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Evaporative Cooling Market, by Type of Cooling, 2020-2030 (USD Billion)
  1.2.3. Evaporative Cooling Market, by Application, 2020-2030 (USD Billion)
  1.2.4. Evaporative Cooling Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL EVAPORATIVE COOLING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL EVAPORATIVE COOLING MARKET DYNAMICS

3.1. Evaporative Cooling Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing government moves promote energy-efficient technologies.
    3.1.1.2. Intensified adoption of home cooling appliances.
  3.1.2. Market Challenges
    3.1.2.1. Dependency of evaporative cooling on external climate
  3.1.3. Market Opportunities
    3.1.3.1. Rising demand for cost-effective cooling solutions
    3.1.3.2. Increasing use of evaporative cooling in data centers

CHAPTER 4. GLOBAL EVAPORATIVE COOLING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL EVAPORATIVE COOLING MARKET, BY TYPE OF COOLING

5.1. Market Snapshot
5.2. Global Evaporative Cooling Market by Type of Cooling, Performance - Potential Analysis
5.3. Global Evaporative Cooling Market Estimates & Forecasts by Type of Cooling 2020-2030 (USD Billion)
5.4. Evaporative Cooling Market, Sub Segment Analysis
  5.4.1. Direct Evaporative Cooling
  5.4.2. Indirect Evaporative Cooling
  5.4.3. Two-stage Evaporative Cooling

CHAPTER 6. GLOBAL EVAPORATIVE COOLING MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Evaporative Cooling Market by Application, Performance - Potential Analysis
6.3. Global Evaporative Cooling Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Evaporative Cooling Market, Sub Segment Analysis
  6.4.1. Residential Applications
  6.4.2. Commercial Applications
  6.4.3. Industrial Applications
  6.4.4. Confinement Farming
  6.4.5. Other Applications

CHAPTER 7. GLOBAL EVAPORATIVE COOLING MARKET, BY DISTRIBUTION CHANNEL

7.1. Market Snapshot
7.2. Global Evaporative Cooling Market by Distribution Channel, Performance - Potential Analysis
7.3. Global Evaporative Cooling Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Evaporative Cooling Market, Sub Segment Analysis
  7.4.1. Big-box Retailers
  7.4.2. HVAC Contractors and Distributors
  7.4.3. Other Distribution Channels

CHAPTER 8. GLOBAL EVAPORATIVE COOLING MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Evaporative Cooling Market, Regional Market Snapshot
8.4. North America Evaporative Cooling Market
  8.4.1. U.S. Evaporative Cooling Market
    8.4.1.1. Type of Cooling breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Evaporative Cooling Market
8.5. Europe Evaporative Cooling Market Snapshot
  8.5.1. U.K. Evaporative Cooling Market
  8.5.2. Germany Evaporative Cooling Market
  8.5.3. France Evaporative Cooling Market
  8.5.4. Spain Evaporative Cooling Market
  8.5.5. Italy Evaporative Cooling Market
  8.5.6. Rest of Europe Evaporative Cooling Market
8.6. Asia-Pacific Evaporative Cooling Market Snapshot
  8.6.1. China Evaporative Cooling Market
  8.6.2. India Evaporative Cooling Market
  8.6.3. Japan Evaporative Cooling Market
  8.6.4. Australia Evaporative Cooling Market
  8.6.5. South Korea Evaporative Cooling Market
  8.6.6. Rest of Asia Pacific Evaporative Cooling Market
8.7. Latin America Evaporative Cooling Market Snapshot
  8.7.1. Brazil Evaporative Cooling Market
  8.7.2. Mexico Evaporative Cooling Market
8.8. Middle East & Africa Evaporative Cooling Market
  8.8.1. Saudi Arabia Evaporative Cooling Market
  8.8.2. South Africa Evaporative Cooling Market
  8.8.3. Rest of Middle East & Africa Evaporative Cooling Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Delta Cooling Towers Inc.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Condair Group AG
  9.3.3. SPX Cooling Technologies
  9.3.4. Baltimore Aircoil Company Inc.
  9.3.5. Munters Group AB
  9.3.6. Colt Group Limited
  9.3.7. Phoenix Manufacturing Inc.
  9.3.8. Celsius Design Limited
  9.3.9. ENEXIO Water Technologies GmbH
  9.3.10. CFW Evapcool

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
List of Tables
TABLE 1. Global Evaporative Cooling Market, report scope
TABLE 2. Global Evaporative Cooling Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Evaporative Cooling Market estimates & forecasts by Type of Cooling 2020-2030 (USD Billion)
TABLE 4. Global Evaporative Cooling Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Evaporative Cooling Market estimates & forecasts by Distribution Channel 2020-2030 (USD Billion)
TABLE 6. Global Evaporative Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Evaporative Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Evaporative Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Evaporative Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Evaporative Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Evaporative Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Evaporative Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Evaporative Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Evaporative Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Evaporative Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Evaporative Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Evaporative Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Evaporative Cooling Market
TABLE 71. List of primary sources, used in the study of global Evaporative Cooling Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIG 1. Global Evaporative Cooling Market, research methodology
FIG 2. Global Evaporative Cooling Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Evaporative Cooling Market, key trends 2022
FIG 5. Global Evaporative Cooling Market, growth prospects 2023-2030
FIG 6. Global Evaporative Cooling Market, porters 5 force model
FIG 7. Global Evaporative Cooling Market, pest analysis
FIG 8. Global Evaporative Cooling Market, value chain analysis
FIG 9. Global Evaporative Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Evaporative Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Evaporative Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Evaporative Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Evaporative Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Evaporative Cooling Market, regional snapshot 2020 & 2030
FIG 15. North America Evaporative Cooling Market 2020 & 2030 (USD Billion)
FIG 16. Europe Evaporative Cooling Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Evaporative Cooling Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Evaporative Cooling Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Evaporative Cooling Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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