The Evaporative Cooling Market recently published a Global Market research study with more than 100 industry informative desk and Figures spread through Pages and easy to understand detailed TOC on “Evaporative Cooling Market”.
This report offers detailed analysis and a five-year forecast for the Evaporative Cooling industry in a country, as contained in our Evaporative Cooling Reports. In addition, this report includes a Market Outlook providing comprehensive information on the business environment, regulations and other factors affecting companies operating in this market, including the long-term economic and demographic profile for a country. This unique combination of industry analysis and market insight gives you a deeper understanding of how your business can thrive.
Top Companies in the Global Evaporative Cooling Market
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, among others.
The global evaporation cooling market was valued at USD 6.07 billion in 2019, and it is expected to register a CAGR of 5.1% during the forecast period (2020-2025).
Evaporative cooling was used in residential areas that required comfortable cooling. However, it has expanded its reach to industries and commercial entities, where the scale of operation is much larger than that of residential areas.
The favorable regulations for sustainable energy across the world, and advancements in technologies and their benefits, as compared to traditional cooling techniques, are significantly driving the market studied.
The other major driver for the market is the adoption of evaporative coolers in data centers. The demand for data centers is increasing at a high pace in the country, with the rapid adoption of Big Data, digital content, and e-commerce.
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In addition, the industry is now seeking energy-efficient solutions that have the potential to lower the operational costs and reduce carbon emissions from data center operations. According to the Natural Resource Defense Council, the US data centers consumed 42.12% more energy in 2015, than necessary. It is estimated that the consumption may cross 148.12 million KWh by 2022, costing the firms USD 13 million in electricity bills and more than 100 million metric ton of carbon emissions, annually.
Key Market Trends
Industrial Applications to Hold Major Share
Industrial applications for evaporative coolers comprise of warehouses, factories, manufacturing units, power generation, oil and gas, construction sector, and many more. The industrial sector accounts for the largest market share among all the end-user applications, driven by the large-scale deployment of both direct and evaporative coolers.
Due to the recent changes in the structure of warehouses and manufacturing units toward insulated structures, maintaining desired temperatures during summer has become a major consideration.
Asia-Pacific to Hold Major Share
The Asia-Pacific evaporative cooling market is driven by three major countries Japan, Australia, and India. They have been deploying these cooling systems since the 1990s. The growing data center market, owing to the increased digitization, adoption of cloud services, and penetration of e-commerce in Japan, has been a key indicator of the increasing demand for evaporative cooling in the region. Equinix is a global data center company that opened an International Business Exchange (IBX) data center in Tokyo known as TY5 in 2018. This facility accounted for an investment of USD 70 million, aimed at serving the demand from global and local enterprises, which includes cloud and content providers, as well as financial service firms, who are increasingly banking on data center services in Tokyo.
In January 2018, Baltimore Aircoil Company introduced the Nexus Modular Hybrid Cooler, one of the first intelligent, plug-and-play, modular, hybrid fluid cooling systems, engineered to simplify system design and optimize water and energy savings.
In February 2018, SPX Cooling Technologies Inc. announced the new Marley MD Everest counterflow cooling tower. The Marley MD Everest cooling tower is designed to meet HVAC demands and is suitable for a wide range of applications.
The Evaporative Cooling market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Evaporative Cooling Market on the basis of Types are
Direct Evaporative Cooling, Indirect Evaporative Cooling, Two-stage Evaporative Cooling
On The basis Of Application, the Global Evaporative Cooling Market is Segmented into
Residential Use, Commercial Use, Industrial Use, Confinement Farming, Others
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Regions are covered By Evaporative Cooling Market Report 2020.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada and Mexico).
Europe (Germany, France, UK, Russia and Italy).
Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports
-Detailed overview of Evaporative Cooling Market
-Changing Evaporative Cooling market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Evaporative Cooling market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Evaporative Cooling Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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The report has 150 tables and figures browse the report description and TOC
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