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Global Evaporative Cooling Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Evaporative Cooling

Evaporative Cooling Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Evaporative Cooling market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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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.

The strong economy, with notable port traffic, increased e-commerce activity, and key manufacturing indices resulting in manufacturing growth, are poised to drive the demand for warehouses in the United States.

Asia-Pacific to Hold Major Share

The Asia-Pacific evaporative cooling market is driven by three major countries and 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. All these factors have been augmenting the data center market in the region, and are expected to be instrumental in driving the adoption of the evaporative cooling in Asia-Pacific over the forecast period.

Market Overview:

  • The global evaporation cooling market was valued at USD 5.78 billion in 2018, and it is expected to register a CAGR of 5.1% during the forecast period (2019-2024). 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.
  • 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 Manufacturers Like 

  • Delta Cooling Towers Inc.
  • Condair Group AG
  • SPX Cooling Technologies
  • Baltimore Aircoil Company Inc.
  • Munters Group AB
  • Colt Group Limited
  • Phoenix Manufacturing Inc.
  • Bonaire Group (Celi Group)
  • ENEXIO Water Technologies GmbH
  • CFW Evapcool
  • Celsius Design Limited.

    Scope of the Report:

  • Evaporative cooling is preferred as an alternative over the traditional cooling technologies, as it makes use of a natural process, namely the reduction of air temperature by evaporating water on it. Although it is an age-old process, it has emerged as a viable alternative to conventional air conditioning systems in areas where extremely low temperatures are not required.

    Evaporative Cooling market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Evaporative Cooling market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Evaporative Cooling market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Evaporative Cooling market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Evaporative Cooling market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Evaporative Cooling?
    • Who are Opportunities, Risk and Driving Force of Evaporative Cooling market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Evaporative Cooling space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Evaporative Cooling market opportunities, market risk and market overview of the Market?

    Lastly, the Global Evaporative Cooling Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Evaporative Cooling Market Report:

    • To provide a detailed analysis of the market structure along with the Evaporative Cooling market forecast of various segments and sub-segments of the Evaporative Cooling market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Evaporative Cooling market trends that influence the global Evaporative Cooling market

    Detailed TOC of Evaporative Cooling Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Demand for Cost-effective Cooling Solution
    4.4 Market Restraints
    4.4.1 Dependency on External Climate
    4.5 Industry Value Chain Analysis
    4.6 Industry Attractiveness- Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry
    4.7 Industry Policies

    5 MARKET SEGMENTATION
    5.1 By Type of Cooling
    5.1.1 Direct Evaporative Cooling
    5.1.2 Indirect Evaporative Cooling
    5.1.3 Two-stage Evaporative Cooling
    5.2 By Application
    5.2.1 Residential Applications
    5.2.2 Commercial Applications
    5.2.3 Industrial Applications
    5.2.4 Confinement Farming
    5.2.5 Other Applications
    5.3 By Distribution Channel
    5.3.1 Big Box Retailers
    5.3.2 HVAC Contractors and Distributors
    5.3.3 Other Distribution Channels
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Delta Cooling Towers Inc.
    6.1.2 Condair Group AG
    6.1.3 SPX Cooling Technologies
    6.1.4 Baltimore Aircoil Company Inc.
    6.1.5 Munters Group AB
    6.1.6 Colt Group Limited
    6.1.7 Phoenix Manufacturing Inc.
    6.1.8 Bonaire Group (Celi Group)
    6.1.9 ENEXIO Water Technologies GmbH
    6.1.10 CFW Evapcool
    6.1.11 Celsius Design Limited

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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