Evaporative cooling has witnessed rapid acceptance owing to the process relies on the evaporation of water to produce significant cooling with extremely low consumption and no use of CFC's. The main evaporative cooling processes are: direct evaporative cooling, indirect evaporative cooling and a combination of both. In humid climates, evaporative cooling may however be used at the condenser level in conventional refrigeration systems or heat exchangers for industrial processes.
Global Evaporative Air Cooler Market is accounted for approximately 6.27 USD billion in 2018 and is expected to reach XX USD billion by 2026 growing at a CAGR of XX% between 2019 and 2026. The market has witnessed considerable growth owing to increasing demand from residential and commercial kitchens. The market is also anticipated to be driven by favorable regulations for sustainable energy along with ongoing technological developments and growing demand from regions with hot and dry climates across the globe. The installation of central evaporative air coolers in a data center is an emerging trend in the evaporative air cooler market, and the growing IT sector are expected to present new growth opportunities for Evaporative Air Cooler market. However, product quality associated with evaporative air cooler is expected to restraint the market growth.
Based on type, the Evaporative Air Cooler market has been segmented into Direct Evaporative Cooling, Indirect Evaporative Cooling, and Two-stage Evaporative Cooling. Furthermore, by application, the Evaporative Air Cooler market has been bifurcated into Residential, Commercial, and Industrial. The xx segment type is expected to value for a major market share with XX% in 2018. However, xx is anticipated to exhibit the largest market share with XX% in 2018.
Geographically, global Evaporative Air Cooler market has been segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Among all, Asia Pacific leads the global Evaporative Air Cooler market with XX% market share in 2018. The growth of the market in this region is primarily driven by rapidly growing data center market, owing to the increased digitization, adoption of cloud services, and emergence of e-commerce sectors along with rapid economic development.
The report further offers detailed competitive analysis of the top key players that are trending in the market. The list of the players that are featured in the report are Bajaj Electricals Ltd, Honeywell International Inc., Hessaire Products, Inc., Seeley InternationaL Pty Ltd., Symphony Limited, Aolan (Fujian) Industry Co., Ltd., Fujian Jinghui Environmental Technology Co., Ltd, Luma Comfort, Phoenix Manufacturing, De’Longhi Appliances S.r.l., Khaitan, and AirGroup.
The Global Evaporative Air Cooler Market Segmentation:
Global Evaporative Air Cooler Market: Type Analysis
• Direct Evaporative Cooling
• Indirect Evaporative Cooling
• Two-stage Evaporative Cooling
Global Evaporative Air Cooler Market: Application Analysis
Global Evaporative Air Cooler Market: Regional Analysis
• North America (U.S., Canada, Mexico)
• Europe (U.K., France, Germany, Spain, Italy and Rest Of Europe)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Argentina, Colombia and Rest of L.A.)
• Middle East And Africa (Turkey, GCC, UAE and South Africa Rest of Middle East)