Evaporative Air Coolers Market Share and Growth (2021-2031)
The Evaporative Air Coolers Market is expected to register a CAGR of 6.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type of Cooling (Direct Evaporative Cooling, Indirect Evaporative Cooling, Two-stage Evaporative Cooling), Application (Residential Applications, Commercial Applications, Industrial Applications, Confinement Farming, and Other Applications), Distribution Channel (Big Box Retailers, HVAC Contractors and Distributors, and Other Distribution Channels). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Evaporative Air Coolers Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Evaporative Air Coolers Market Segmentation
Type of Cooling- Direct Evaporative Cooling
- Indirect Evaporative Cooling
- Two-stage Evaporative Cooling
- Residential Applications
- Commercial Applications
- Industrial Applications
- Confinement Farming
- Other Applications
- Big Box Retailers
- HVAC Contractors and Distributors
- Other Distribution Channels
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Evaporative Air Coolers Market Growth Drivers- Growing Demand for Energy Efficiency: The demand for energy-efficient coolers is witnessing growth in the evaporative air coolers market. The consumer focus on saving energy, reduce utility expenditure, and adopt energy-efficient solutions is often taking a toll on traditional air conditioning systems, while evaporative coolers, which consume much less energy than traditional air conditioning systems, are gaining popularity.
Rising Temperatures and Climate Change: A general increase in temperatures across most parts of the globe is a consequence of climate change. The rising temperatures lead to increased usage of cooling devices. The feasibility of evaporative air coolers under dry climatic conditions is higher, which is one of the primary reasons why the use of evaporative air coolers is increasing as temperatures rise
- Expansion in residential and commercial applications: Evaporative air coolers find opportunities that continue to grow in residential and commercial areas as more consumers and businesses are exposed to such benefits, thus increasing the usage of systems for cooling needs, mainly in those regions where traditional air conditioning is less effective or too pricey to afford.Technological Advances: Revolution in the use of evaporative cooling technology is bringing forth a strong upward trend in the market. New designs, efficiency, and smart technologies can elevate the performance as well as appeal of the evaporative cooler, thus widening the customer base
- Increased Adoption of Sustainable Cooling Solutions: There is a trend toward adopting cooling solutions that are environmentally friendly and sustainable. Evaporative air coolers rely on water evaporation to cool air and fit the general global trend, pleasing conscious customers and businesses.Integration with smart home technologies: The growing adoption of smart technologies is one of the areas where evaporative coolers are increasingly being integrated with. Consumers want systems which allow them to control the setup remotely and other smart equipment to supplement its use of convenience and energy management.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Evaporative Air Coolers Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Evaporative Air Coolers Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The Evaporative Air Coolers Market is estimated to witness a CAGR of 6.1% from 2023 to 2031
The major factors driving the Evaporative Air Coolers Market is Growing Demand for Energy Efficiency and Rising Temperatures and Climate Change
Increased Adoption of Sustainable Cooling Solutions and Integration with smart home technologies is the key future trend of the Evaporative Air Coolers Market
The leading players operating in the Evaporative Air Coolers Market include Celsius Design Limited, Delta Cooling Towers Inc., CFW Evapcool, Condair Group AG, ENEXIO Water Technologies GmbH, SPX Cooling Technologies, Bonaire, Baltimore Aircoil Company Inc., Phoenix Manufacturing Inc., Munters Group AB, and Colt Group Ltd.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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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