Evaporative Air Coolers Market Dynamics 2021-2031
An evaporative cooler is a type of cooler that cools air through the evaporation of water. Evaporative cooling is the most economical, healthy, and environmentally friendly way to cool industrial, commercial and residential spaces, thereby increasing demand for the evaporative coolers that anticipating the growth of the evaporative coolers market globally. Rising temperatures across the globe are increasing demand for an effective cooling system that also triggers the evaporative coolers market growth during the forecast period.
MARKET DYNAMICS
Evaporative air cooler offers various benefits such as quick and economical cooling, consume less electricity, low initial and less maintenance cost, henceforth growing demand for these coolers which booming the growth of the evaporative coolers market. The growing installation of central evaporative air coolers in a data center is also positively impacting the growth of the evaporative air coolers market. Furthermore, advancements in technologies and various benefits of evaporative coolers are expected to drive the growth of the evaporative coolers market.
MARKET SCOPE
The "Global Evaporative Air Coolers Market Analysis to 2031" is a specialized and in-depth study of the Evaporative air coolers industry with a special focus on the global market trend analysis. The report aims to provide an overview evaporative air coolers market with detailed market segmentation by type, end-user, and geography. The global evaporative air coolers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading evaporative air coolers market players and offers key trends and opportunities in the evaporative air coolers market.
MARKET SEGMENTATION
The global evaporative air coolers market is segmented on the basis of type, end-user. On the basis of type the market is segmented as stationary, portable. On the basis end-user the market is segmented as residential, commercial, industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Evaporative air coolers market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Evaporative air coolers market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting evaporative air coolers market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the evaporative air coolers market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Evaporative air coolers market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Evaporative air coolers market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting evaporative air coolers market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the evaporative air coolers market in these regions.
MARKET PLAYERS
The reports cover key developments in the evaporative air coolers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from evaporative air coolers market are anticipated to lucrative growth opportunities in the future with the rising demand for evaporative air coolers in the global market. Below mentioned is the list of few companies engaged in the evaporative air coolers market.
The report also includes the profiles of key evaporative air coolers companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Airgroup Australia
- Aolan (Fujian) Industry Co., Ltd.
- Baltimore Aircoil Company, Inc.
- Condair Group
- EVAPCO, Inc.
- Hessaire Products, Inc.
- Honeywell International Inc.
- Kelvion Holding GmbH
- SPX Cooling Technologies, Inc.
- Symphony Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Evaporative Air Coolers Market - By Type
1.3.2 Evaporative Air Coolers Market - By End-user
1.3.3 Evaporative Air Coolers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EVAPORATIVE AIR COOLERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. EVAPORATIVE AIR COOLERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. EVAPORATIVE AIR COOLERS MARKET - GLOBAL MARKET ANALYSIS
6.1. EVAPORATIVE AIR COOLERS - GLOBAL MARKET OVERVIEW
6.2. EVAPORATIVE AIR COOLERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EVAPORATIVE AIR COOLERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STATIONARY
7.3.1. Overview
7.3.2. Stationary Market Forecast and Analysis
7.4. PORTABLE
7.4.1. Overview
7.4.2. Portable Market Forecast and Analysis
8. EVAPORATIVE AIR COOLERS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. EVAPORATIVE AIR COOLERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Evaporative Air Coolers Market Overview
9.1.2 North America Evaporative Air Coolers Market Forecasts and Analysis
9.1.3 North America Evaporative Air Coolers Market Forecasts and Analysis - By Type
9.1.4 North America Evaporative Air Coolers Market Forecasts and Analysis - By End-user
9.1.5 North America Evaporative Air Coolers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Evaporative Air Coolers Market
9.1.5.1.1 United States Evaporative Air Coolers Market by Type
9.1.5.1.2 United States Evaporative Air Coolers Market by End-user
9.1.5.2 Canada Evaporative Air Coolers Market
9.1.5.2.1 Canada Evaporative Air Coolers Market by Type
9.1.5.2.2 Canada Evaporative Air Coolers Market by End-user
9.1.5.3 Mexico Evaporative Air Coolers Market
9.1.5.3.1 Mexico Evaporative Air Coolers Market by Type
9.1.5.3.2 Mexico Evaporative Air Coolers Market by End-user
9.2. EUROPE
9.2.1 Europe Evaporative Air Coolers Market Overview
9.2.2 Europe Evaporative Air Coolers Market Forecasts and Analysis
9.2.3 Europe Evaporative Air Coolers Market Forecasts and Analysis - By Type
9.2.4 Europe Evaporative Air Coolers Market Forecasts and Analysis - By End-user
9.2.5 Europe Evaporative Air Coolers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Evaporative Air Coolers Market
9.2.5.1.1 Germany Evaporative Air Coolers Market by Type
9.2.5.1.2 Germany Evaporative Air Coolers Market by End-user
9.2.5.2 France Evaporative Air Coolers Market
9.2.5.2.1 France Evaporative Air Coolers Market by Type
9.2.5.2.2 France Evaporative Air Coolers Market by End-user
9.2.5.3 Italy Evaporative Air Coolers Market
9.2.5.3.1 Italy Evaporative Air Coolers Market by Type
9.2.5.3.2 Italy Evaporative Air Coolers Market by End-user
9.2.5.4 United Kingdom Evaporative Air Coolers Market
9.2.5.4.1 United Kingdom Evaporative Air Coolers Market by Type
9.2.5.4.2 United Kingdom Evaporative Air Coolers Market by End-user
9.2.5.5 Russia Evaporative Air Coolers Market
9.2.5.5.1 Russia Evaporative Air Coolers Market by Type
9.2.5.5.2 Russia Evaporative Air Coolers Market by End-user
9.2.5.6 Rest of Europe Evaporative Air Coolers Market
9.2.5.6.1 Rest of Europe Evaporative Air Coolers Market by Type
9.2.5.6.2 Rest of Europe Evaporative Air Coolers Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Evaporative Air Coolers Market Overview
9.3.2 Asia-Pacific Evaporative Air Coolers Market Forecasts and Analysis
9.3.3 Asia-Pacific Evaporative Air Coolers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Evaporative Air Coolers Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Evaporative Air Coolers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Evaporative Air Coolers Market
9.3.5.1.1 Australia Evaporative Air Coolers Market by Type
9.3.5.1.2 Australia Evaporative Air Coolers Market by End-user
9.3.5.2 China Evaporative Air Coolers Market
9.3.5.2.1 China Evaporative Air Coolers Market by Type
9.3.5.2.2 China Evaporative Air Coolers Market by End-user
9.3.5.3 India Evaporative Air Coolers Market
9.3.5.3.1 India Evaporative Air Coolers Market by Type
9.3.5.3.2 India Evaporative Air Coolers Market by End-user
9.3.5.4 Japan Evaporative Air Coolers Market
9.3.5.4.1 Japan Evaporative Air Coolers Market by Type
9.3.5.4.2 Japan Evaporative Air Coolers Market by End-user
9.3.5.5 South Korea Evaporative Air Coolers Market
9.3.5.5.1 South Korea Evaporative Air Coolers Market by Type
9.3.5.5.2 South Korea Evaporative Air Coolers Market by End-user
9.3.5.6 Rest of Asia-Pacific Evaporative Air Coolers Market
9.3.5.6.1 Rest of Asia-Pacific Evaporative Air Coolers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Evaporative Air Coolers Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Evaporative Air Coolers Market Overview
9.4.2 Middle East and Africa Evaporative Air Coolers Market Forecasts and Analysis
9.4.3 Middle East and Africa Evaporative Air Coolers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Evaporative Air Coolers Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Evaporative Air Coolers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Evaporative Air Coolers Market
9.4.5.1.1 South Africa Evaporative Air Coolers Market by Type
9.4.5.1.2 South Africa Evaporative Air Coolers Market by End-user
9.4.5.2 Saudi Arabia Evaporative Air Coolers Market
9.4.5.2.1 Saudi Arabia Evaporative Air Coolers Market by Type
9.4.5.2.2 Saudi Arabia Evaporative Air Coolers Market by End-user
9.4.5.3 U.A.E Evaporative Air Coolers Market
9.4.5.3.1 U.A.E Evaporative Air Coolers Market by Type
9.4.5.3.2 U.A.E Evaporative Air Coolers Market by End-user
9.4.5.4 Rest of Middle East and Africa Evaporative Air Coolers Market
9.4.5.4.1 Rest of Middle East and Africa Evaporative Air Coolers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Evaporative Air Coolers Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Evaporative Air Coolers Market Overview
9.5.2 South and Central America Evaporative Air Coolers Market Forecasts and Analysis
9.5.3 South and Central America Evaporative Air Coolers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Evaporative Air Coolers Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Evaporative Air Coolers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Evaporative Air Coolers Market
9.5.5.1.1 Brazil Evaporative Air Coolers Market by Type
9.5.5.1.2 Brazil Evaporative Air Coolers Market by End-user
9.5.5.2 Argentina Evaporative Air Coolers Market
9.5.5.2.1 Argentina Evaporative Air Coolers Market by Type
9.5.5.2.2 Argentina Evaporative Air Coolers Market by End-user
9.5.5.3 Rest of South and Central America Evaporative Air Coolers Market
9.5.5.3.1 Rest of South and Central America Evaporative Air Coolers Market by Type
9.5.5.3.2 Rest of South and Central America Evaporative Air Coolers Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. EVAPORATIVE AIR COOLERS MARKET, KEY COMPANY PROFILES
11.1. AIRGROUP AUSTRALIA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AOLAN (FUJIAN) INDUSTRY CO., LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BALTIMORE AIRCOIL COMPANY, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CONDAIR GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EVAPCO, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HESSAIRE PRODUCTS, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HONEYWELL INTERNATIONAL INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KELVION HOLDING GMBH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SPX COOLING TECHNOLOGIES, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SYMPHONY LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Airgroup Australia
2. Aolan (Fujian) Industry Co., Ltd.
3. Baltimore Aircoil Company, Inc.
4. Condair Group
5. EVAPCO, Inc.
6. Hessaire Products, Inc.
7. Honeywell International Inc.
8. Kelvion Holding GmbH
9. SPX Cooling Technologies, Inc.
10. Symphony Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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