PUBLISHER: IMARC | PRODUCT CODE: 1722848
PUBLISHER: IMARC | PRODUCT CODE: 1722848
Evaporative Cooling Market Report Size, Share, Trends and Forecast by Cooling, Distribution Channel, Application, and Region, 2025-2033
The global evaporative cooling market size was valued at USD 6.75 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 10.81 Billion by 2033, exhibiting a CAGR of 5.11% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 39.4% in 2024. The expanding use of evaporative cooling in the industrial sector, the increasing demand for cost-effective, energy-efficient, and sustainable solutions, along with various initiatives from governing bodies, are key factors driving the growth of the evaporative cooling market share.
The Rising Application in Industrial Sector Augmenting the Market Growth
The evaporative cooling market has been experiencing continuous growth. The rising demand for evaporative cooling in the industrial sector represents one of the key factors propelling the market growth. The evaporative coolers are widely utilized in warehouses, factories, power generation, manufacturing units, oil and gas, and construction industries. The rising demand for evaporative cooling due to the implementation of energy standards in the industrial sector. The Department of Energy and Energy Solutions Center (ESC) has created standards, such as ISO 50001, to recognize and implement various energy projects that saves money and decreases energy use.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with the presence of numerous international and regional players in the industry. The volume of new entrants is moderate due to high initial capital investments, technology intensive nature, and moderate product differentiation.
What is Evaporative Cooling?
Evaporative cooling, also known as adiabatic cooling, refers to the cooling and ventilation method that uses water as its refrigerant. It comprises direct, indirect, and two-stage evaporative cooling. It relies on the principle of water evaporation through which the air is cooled down to a certain temperature. It is a highly sustainable and energy-efficient cooling method that offers a comfortable and productive climate for production facilities, distribution centers, and office buildings. It assists in improving indoor air quality by providing fresh, clean, filtered, and cool air without recirculating the warm air. As it finds extensive applications in confinement farming, residential, commercial, and industrial purposes, the demand for evaporative cooling is increasing across the globe.
COVID-19 Impact:
The COVID-19 pandemic outbreak has caused a severe problem for the evaporative cooling market due to the prolonged lockdown. Many production plants of evaporative coolers were either shut down or had to slow down their production. There was a significant disruption in the supply of materials from the major suppliers, which adversely affected the transportation and logistics of businesses. In addition, the availability of raw materials was highly impacted due to the massive disruption in the global supply chain. Apart from this, volatility in crude prices also affected both raw material prices and end-product prices, which impacted the profitability of manufacturers. In the year 2020, the demand for evaporative cooling systems got impacted due to the imposition of lockdown in various sectors. However, the global COVID-19 pandemic increased the need to improve workforce challenges and develop operational safety in factory environments. As evaporative coolers provide fresh air without recirculating the air, they have assisted in overcoming concerns associated with COVID-19 pandemic conditions.
Evaporative Cooling Market Trends:
At present, the increasing demand for evaporative cooling in the industrial sector represents one of the major factors supporting the growth of the market. Besides this, the growing demand for evaporative cooling solutions due to the rapid development of various data centers across the globe is positively influencing the market. In addition, the rising demand for cost-effective, energy-efficient, and clean and sustainable energy solutions worldwide is propelling the growth of the market. Apart from this, governing agencies of various countries are encouraging the adoption of evaporative cooling solutions to reduce carbon footprint emissions, which is contributing to the growth of the market. Additionally, the increasing demand for evaporative cooling in residential and commercial sectors is offering a favorable market outlook.
Key Market Segmentation:
Type of Cooling Insights:
- Direct Evaporative Cooling
- Indirect Evaporative Cooling
- Two-stage Evaporative Cooling
Distribution Channel Insights:
- Big-box Retailers
- HVAC Contractors and Distributors
- Others
Application Insights:
- Residential
- Commercial
- Industrial
- Confinement Farming
- Others
Regional Insights:
- 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
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for evaporative cooling. The growing temperatures in the region is facilitating the growth of the Asia Pacific evaporative cooling market. The rising demand for evaporative cooling solutions due to the inflating income levels of individuals in the region is also strengthening the market growth. The key manufacturers in this industry are rapidly advancing their technologies and introducing efficient and enhanced solutions to the consumers.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global evaporative cooling market. Some of the companies covered include:
- 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)
Key Questions Answered in This Report
- 1.How big is the evaporative cooling market?
- 2.What is the future outlook of evaporative cooling market?
- 3.What are the key factors driving the evaporative cooling market?
- 4.Which region accounts for the largest evaporative cooling market share?
- 5.Which are the leading companies in the global evaporative cooling market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Evaporative Cooling Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type of Cooling
- 6.1 Direct Evaporative Cooling
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Indirect Evaporative Cooling
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Two-stage Evaporative Cooling
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Big-box Retailers
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 HVAC Contractors and Distributors
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Confinement Farming
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Baltimore Aircoil Company Inc. (Amsted Industries Incorporated)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Bonaire Heating & Cooling
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Celsius Design Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 CFW Evapcool
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Colt Group Limited
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 SWOT Analysis
- 14.3.6 Condair Group AG
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Delta Cooling Towers Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 EcoCooling
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 ENEXIO Water Technologies GmbH
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Munters Group
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Phoenix Manufacturing Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 SPX Cooling Technologies Inc. (SPX Corporation)
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Baltimore Aircoil Company Inc. (Amsted Industries Incorporated)
List of Figures
- Figure 1: Global: Evaporative Cooling Market: Major Drivers and Challenges
- Figure 2: Global: Evaporative Cooling Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Evaporative Cooling Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Evaporative Cooling Market: Breakup by Type of Cooling (in %), 2024
- Figure 5: Global: Evaporative Cooling Market: Breakup by Distribution Channel (in %), 2024
- Figure 6: Global: Evaporative Cooling Market: Breakup by Application (in %), 2024
- Figure 7: Global: Evaporative Cooling Market: Breakup by Region (in %), 2024
- Figure 8: Global: Evaporative Cooling (Direct Evaporative Cooling) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Evaporative Cooling (Direct Evaporative Cooling) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Evaporative Cooling (Indirect Evaporative Cooling) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Evaporative Cooling (Indirect Evaporative Cooling) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Evaporative Cooling (Two-stage Evaporative Cooling) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Evaporative Cooling (Two-stage Evaporative Cooling) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Evaporative Cooling (Big-box Retailers) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Evaporative Cooling (Big-box Retailers) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Evaporative Cooling (HVAC Contractors and Distributors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Evaporative Cooling (HVAC Contractors and Distributors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Evaporative Cooling (Other Distribution Channels) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Evaporative Cooling (Other Distribution Channels) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Evaporative Cooling (Residential) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Evaporative Cooling (Residential) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Evaporative Cooling (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Evaporative Cooling (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Evaporative Cooling (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Evaporative Cooling (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Evaporative Cooling (Confinement Farming) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Evaporative Cooling (Confinement Farming) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Evaporative Cooling (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Evaporative Cooling (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: North America: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: North America: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: United States: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: United States: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Canada: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Canada: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Asia-Pacific: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Asia-Pacific: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: China: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: China: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Japan: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Japan: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: India: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: India: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: South Korea: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: South Korea: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Australia: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Australia: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Indonesia: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Indonesia: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Others: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Others: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Europe: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Europe: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Germany: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Germany: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: France: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: France: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: United Kingdom: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: United Kingdom: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Italy: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Italy: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Spain: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Spain: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Russia: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Russia: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Others: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Others: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Latin America: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Latin America: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Brazil: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Brazil: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Mexico: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Mexico: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Others: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Others: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Middle East and Africa: Evaporative Cooling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Middle East and Africa: Evaporative Cooling Market: Breakup by Country (in %), 2024
- Figure 78: Middle East and Africa: Evaporative Cooling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Global: Evaporative Cooling Industry: SWOT Analysis
- Figure 80: Global: Evaporative Cooling Industry: Value Chain Analysis
- Figure 81: Global: Evaporative Cooling Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Evaporative Cooling Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Evaporative Cooling Market Forecast: Breakup by Type of Cooling (in Million USD), 2025-2033
- Table 3: Global: Evaporative Cooling Market Forecast: Breakup by Distribution Channel (in Million USD), 2025-2033
- Table 4: Global: Evaporative Cooling Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 5: Global: Evaporative Cooling Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Evaporative Cooling Market: Competitive Structure
- Table 7: Global: Evaporative Cooling Market: Key Players
