IMARC Group, a leading market research company, has recently releases report titled “Evaporative Cooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global evaporative cooling market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Evaporative Cooling Market?
The global evaporative cooling market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
What is Evaporative Cooling?
Evaporative or adiabatic cooling is a cooling and ventilation technique that uses water as a refrigerant. It uses water evaporation to cool the surrounding air to a comfortable temperature. It is an energy-efficient, highly sustainable method deployed to provide cooling for buildings, machinery, and manufacturing facilities. In addition, it ventilates clean, filtered, fresh, and cool air and enhances the overall indoor air quality. As a result, evaporative cooling is gaining traction in residential, confinement farming, industrial, and commercial sectors across the globe.
Request for a free sample copy of this report: https://www.imarcgroup.com/evaporative-cooling-market/requestsample
The market is primarily driven by the rising demand for cost-effective cooling solutions globally. In addition, the increasing temperatures on account of global warming are contributing to market growth. Evaporative cooling is eco-friendly and fuel-efficient and delivers superior air quality by reducing carbon dioxide (CO2), chlorofluorocarbon (CFC), and greenhouse gas (GHG) emissions, which is accelerating the product adoption rate across the globe.
Moreover, the growing shift toward a work-from-home (WFH) culture has escalated the demand for home air coolers and heating, ventilation, and air conditioning (HVAC) equipment, representing another major growth-inducing factor. Besides this, governments of numerous countries are providing incentives and subsidies to promote the use of fuel-efficient technologies, which is also propelling the market growth.
Furthermore, rapid urbanization, the growing population, stringent environmental regulations, and the emerging application of evaporative coolers in the residential, industrial, and commercial sectors are creating a positive market outlook across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type of Cooling:
· Direct Evaporative Cooling
· Indirect Evaporative Cooling
· Two-stage Evaporative Cooling
Breakup by Distribution Channel:
· Big-box Retailers
· HVAC Contractors and Distributors
· Others
Breakup by Application:
· Residential
· Commercial
· Industrial
· Confinement Farming
· Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Baltimore Aircoil Company Inc. (Amsted Industries Incorporated)
- Bonaire Heating & Cooling
- Celsius Design Limited
- CFW Evapcool
- Colt Group Limited
- Condair Group AG
- Delta Cooling Towers Inc.
- EcoCooling
- ENEXIO Water Technologies GmbH
- Munters Group
- Phoenix Manufacturing Inc.
- SPX Cooling Technologies Inc. (SPX Corporation)
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4965&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
