Evaporative Cooling Global Market Report 2026

Evaporative cooling is a process where water absorbs heat from the air, leading to its evaporation and a subsequent reduction in the surrounding air temperature. This method is widely used in cooling systems, where hot air passes through water-soaked pads, resulting in a temperature drop. It is known for being energy-efficient and environmentally friendly, particularly in dry climates.

The main types of evaporative cooling include direct evaporative cooling, indirect evaporative cooling, and two-stage evaporative cooling. Direct evaporative cooling involves cooling the air directly by passing it through a wet pad or media, which causes the water to evaporate and lower the air temperature. Key technologies in this field include pad cooling, spray cooling, and hybrid cooling. These systems are distributed through various channels, including big-box retailers, HVAC contractors and distributors, and others. Applications span residential, commercial, industrial settings, confinement farming, and additional uses.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the evaporative cooling market by increasing costs of imported fans, motors, pumps, control systems, and specialized cooling pads. Commercial and industrial users in North America and the Middle East are most affected due to dependence on imported mechanical and electrical components, while Asia-Pacific manufacturers face increased input costs. These tariffs are raising system installation prices and affecting adoption in cost-sensitive applications. However, they are also encouraging local component manufacturing, regional assembly operations, and design optimization to improve system affordability.

The evaporative cooling market research report is one of a series of new reports from The Business Research Company that provides evaporative cooling market statistics, including evaporative cooling industry global market size, regional shares, competitors with a evaporative cooling market share, detailed evaporative cooling market segments, market trends and opportunities, and any further data you may need to thrive in the evaporative cooling industry. This evaporative cooling market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The evaporative cooling market size has grown strongly in recent years. It will grow from $6.8 billion in 2025 to $7.27 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of cooling needs in hot climates, rising industrialization in emerging economies, increasing adoption of low-energy cooling systems, availability of cost-effective cooling technologies, growth in agricultural applications.

The evaporative cooling market size is expected to see strong growth in the next few years. It will grow to $9.51 billion in 2030 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing data center capacity expansion, rising focus on sustainable building solutions, growing adoption of cooling systems in arid regions, expansion of smart building infrastructure, increasing emphasis on energy cost reduction. Major trends in the forecast period include growing adoption of energy-efficient cooling solutions, rising use of evaporative cooling in industrial facilities, expansion of hybrid cooling technologies, increasing demand in data centers, enhanced focus on water efficiency.

The rising impact of climate change is expected to drive the growth of the evaporative cooling market in the coming years. Climate change refers to long-term alterations in Earth's climate, primarily caused by human activities that increase greenhouse gas emissions. The increase is largely due to higher concentrations of gases such as carbon dioxide and methane from activities like burning fossil fuels, which trap heat in the atmosphere and warm the planet. Evaporative cooling helps address climate change by reducing energy consumption for air conditioning, relying on water evaporation instead of electricity-intensive refrigerants, thereby lowering greenhouse gas emissions. For instance, in October 2023, the World Health Organization (WHO), a Switzerland-based intergovernmental organization, reported that approximately 3.6 billion people lived in regions highly vulnerable to climate change impacts. Between 2030 and 2050, climate change is projected to contribute to an estimated annual increase of around 250,000 deaths from causes such as undernutrition, malaria, diarrhea, and heat stress. Therefore, the increasing impact of climate change is propelling the growth of the evaporative cooling market.

Leading companies in the evaporative cooling market are developing advanced cooling solutions, including next-generation evaporative cooling systems, to meet the growing demand for energy-efficient and environmentally friendly cooling technologies. These advanced cooling solutions incorporate next-generation evaporative cooling technologies, utilizing innovative methods such as indirect and direct evaporative cooling processes to effectively reduce air temperatures while minimizing energy consumption and environmental impact. For example, in January 2024, SPX Cooling Tech, LLC, a US-based manufacturer of evaporative cooling solutions, launched the OlympusV Adiabatic Systems. This series provides versatile cooling solutions for commercial refrigeration, industrial refrigeration, and HVAC systems, featuring the Recold OlympusV CO2 Cooler, Recold OlympusV Condenser, and Marley OlympusV Fluid Cooler, all of which can be customized in size and coil type to meet specific operational requirements. Designed with a focus on water conservation and energy efficiency, these systems primarily operate in dry mode, minimizing water usage during peak periods and incorporating advanced smart controls that adapt to real-time conditions, making them ideal for environments such as grocery stores, food processing plants, and data centers.

In July 2024, Munters Group, a Sweden-based company specializing in energy-efficient air treatment and climate solutions, acquired Geoclima Group for an undisclosed amount. This acquisition enables Munters to expand its product portfolio and leverage Geoclima's expertise to better address the growing demand for energy-efficient cooling solutions in the data center sector. Geoclima Group, based in Italy, manufactures high-efficiency chillers with evaporative systems and climate control solutions for a range of applications.

Major companies operating in the evaporative cooling market are Munters Group AB, SPX Corporation, Baltimore Aircoil Company, Evapco Inc., Seeley International Pty Ltd., Condair Group AG, Colt International GmbH, Hessaire Products Inc., Enexio Management GmbH, Mastercool Inc., Phoenix Manufacturing Inc., Mee Industries Inc., Vankool Technology Co. Ltd., Bonaire, Eco Cooling, Premiair Comfort Limited, Reymsa Cooling Towers Inc., Portacool LLC, Climate Technologies, Newair Evaporative Cooling

Asia-Pacific was the largest region in the evaporative cooling market in 2025. Middle East And Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the evaporative cooling market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the evaporative cooling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The evaporative cooling market consists of revenues earned by entities providing services such as installation, maintenance, diagnosis, and resolution. The market value includes the value of related goods sold by the service provider or included within the service offering. The evaporative cooling market includes sales of evaporative coolers (swamp coolers), cooling pads and media, and fans and blowers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Evaporative Cooling Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses evaporative cooling market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for evaporative cooling ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The evaporative cooling market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Direct Evaporative Cooling; Indirect Evaporative Cooling; Two-Stage Evaporative Cooling
• 2) By Technology: Pad Cooling; Spray Cooling
• 3) By Distribution Channel: Big-Box Retailers; Heating, Ventilation, And Air Conditioning (HVAC) Contractors And Distributors; Other Distribution Channels
• 4) By Application: Residential Applications; Commercial Applications; Industrial Applications; Confinement Farming; Other Applications
• Subsegments:
• 1) By Direct Evaporative Cooling: Wet Pad Direct Evaporative Cooling Systems; Spray Mist Direct Evaporative Cooling Systems; Direct Evaporative Cooling Units For Residential Use; Industrial Direct Evaporative Cooling Systems; Commercial Direct Evaporative Cooling Solutions
• 2) By Indirect Evaporative Cooling: Heat Exchanger-Based Indirect Evaporative Cooling Systems; Indirect Evaporative Cooling For Commercial And Industrial Applications; Indirect Evaporative Cooling For Data Centers; Indirect Evaporative Cooling For Buildings With High Occupancy
• 3) By Two-stage Evaporative Cooling: Indirect-Direct Two-Stage Evaporative Cooling Systems; Dual-Stage Evaporative Cooling For Industrial Facilities; Two-Stage Evaporative Cooling For Large Commercial Buildings; Advanced Two-Stage Evaporative Systems For Energy Efficiency
• Companies Mentioned: Munters Group AB; SPX Corporation; Baltimore Aircoil Company; Evapco Inc.; Seeley International Pty Ltd.; Condair Group AG; Colt International GmbH; Hessaire Products Inc.; Enexio Management GmbH; Mastercool Inc.; Phoenix Manufacturing Inc.; Mee Industries Inc.; Vankool Technology Co. Ltd.; Bonaire; Eco Cooling; Premiair Comfort Limited; Reymsa Cooling Towers Inc.; Portacool LLC; Climate Technologies; Newair Evaporative Cooling
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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