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Exclusive Report on Evaporative Cooling Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Evaporative

The “Evaporative Cooling Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Evaporative Cooling market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Evaporative Cooling market report also offers market competitors that includes detailed company profiles along with company product specifications.

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.

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    In Evaporative Cooling Market Report, Following Companies Are Covered:

  • 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

    Evaporative Cooling Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    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.

    Reasons for Buying Evaporative Cooling Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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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.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Evaporative Cooling create from those of established entities?

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    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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