News

2019-2024 Evaporative Cooling Market Latest Opportunities, Industry Growth Rate by Market Size & Share and Forecast Analysis

Evaporative Cooling

This “Evaporative Cooling Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Evaporative Cooling market can use for expanding their business in untapped market to increase their customer base.

Request a Sample Copy of the Report – https://www.industryresearch.co/enquiry/request-sample/13999456

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.

    Evaporative Cooling Market Covers Manufacturers:

  • 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.

    For More Information or Query or Customization Before Buying, Visit at @ https://www.industryresearch.co/enquiry/pre-order-enquiry/13999456

    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.

    Purchase this Report (Price 4250 USD for single user license) https://www.industryresearch.co/purchase/13999456

    Target Audience of Evaporative Cooling Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Evaporative Cooling Market Report:

    • Analyzing various perspectives of the Evaporative Cooling market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Evaporative Cooling market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Evaporative Cooling market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Evaporative Cooling market studied, during the forecast period
    • The segments that are expected to dominate the Evaporative Cooling market studied.

    For Detailed TOC Click Here

    About Industry Research:

    Industry Research is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market, dedicated to bringing you an ingenious concoction of data parameters.

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

  • Related Articles

    Close