Evaporative Coolers

Global Evaporative Coolers Market to Reach US$6.7 Billion by 2030

The global market for Evaporative Coolers estimated at US$5.2 Billion in the year 2024, is expected to reach US$6.7 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2024-2030. Direct Evaporative Coolers, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$4.0 Billion by the end of the analysis period. Growth in the Indirect Evaporative Coolers segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.4 Billion While China is Forecast to Grow at 6.8% CAGR

The Evaporative Coolers market in the U.S. is estimated at US$1.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.1% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Evaporative Coolers Market – Key Trends & Drivers Summarized

Why Are Evaporative Coolers Gaining Traction as an Energy-Efficient Cooling Solution?

Evaporative coolers, also known as swamp coolers, have emerged as a cost-effective, energy-efficient, and eco-friendly alternative to traditional air conditioning systems. Unlike refrigerant-based cooling, these systems leverage the natural principle of water evaporation to cool the air, resulting in significantly lower electricity consumption and reduced carbon emissions. As global temperatures continue to rise and concerns over energy efficiency intensify, industries, commercial buildings, and residential users are increasingly turning to evaporative cooling solutions.

One of the key benefits of evaporative coolers is their effectiveness in hot and dry climates, such as the Middle East, Australia, Southwest U.S., and parts of Africa and India, where humidity levels are low. These coolers provide natural and consistent cooling with minimal environmental impact, making them highly attractive for businesses and households looking to cut energy costs. Unlike conventional air conditioners that require high power consumption and synthetic refrigerants, evaporative coolers consume up to 75% less energy while delivering adequate cooling. With government policies promoting energy-efficient solutions, evaporative coolers are increasingly being adopted across commercial, industrial, and agricultural applications, reshaping the cooling industry.

How Are Technological Innovations Enhancing the Performance of Evaporative Coolers?

The performance of evaporative coolers is being enhanced by technological advancements in motor efficiency, smart cooling controls, and innovative water management systems. Traditional evaporative cooling units faced challenges such as water wastage, bacterial growth, and inconsistent cooling. However, modern innovations are addressing these concerns, making the technology more effective, reliable, and easier to maintain.

Newer models incorporate variable-speed motors, high-efficiency fans, and IoT-based automation to improve airflow regulation, reduce noise levels, and optimize energy consumption. Hybrid cooling systems, which combine evaporative cooling with mechanical refrigeration, are being introduced to enhance cooling performance in moderately humid regions, expanding their applicability beyond dry climates. The integration of smart sensors and AI-driven climate control systems allows real-time monitoring of temperature, humidity, and air quality, providing automated adjustments for optimal efficiency. Additionally, advancements in antimicrobial cooling pads and self-cleaning water tanks are mitigating concerns related to bacterial growth, improving hygiene and user experience. As cooling technology continues to evolve, evaporative coolers are becoming more customizable, sustainable, and adaptable to various environmental conditions, ensuring wider adoption across diverse sectors.

What Are the Expanding Applications of Evaporative Coolers in Different Industries?

Beyond residential use, evaporative coolers are gaining widespread adoption across industrial and commercial applications, including factories, warehouses, data centers, agricultural facilities, and open-air venues. Industries with high internal heat generation, such as metalworking, textiles, automotive, and pharmaceuticals, rely on evaporative cooling to improve worker comfort, maintain equipment efficiency, and ensure regulatory compliance with workplace temperature standards.

In agriculture, evaporative coolers are used in greenhouses, poultry farms, and livestock facilities to create optimal conditions for plant growth and animal welfare. Large-scale cooling solutions are also being implemented in sports stadiums, outdoor shopping centers, and hospitality venues, where maintaining comfortable temperatures in open spaces is a challenge. The rise of climate-responsive architecture and net-zero energy buildings is further driving the integration of evaporative cooling systems into sustainable construction projects, positioning them as a key element in future climate control solutions.

What Are the Key Factors Driving Growth in the Evaporative Coolers Market?

The growth in the evaporative coolers market is driven by several factors, including rising energy costs, increasing awareness of sustainable cooling technologies, and government regulations promoting eco-friendly HVAC solutions. The transition towards low-carbon cooling systems in industrial and commercial settings is further accelerating demand.

Advancements in IoT-based automation, hybrid cooling solutions, and water-efficient designs are making evaporative coolers more attractive to end-users, ensuring wider market penetration. Additionally, the expansion of agriculture, data centers, and urban infrastructure is creating new growth opportunities for customized evaporative cooling solutions. As climate change concerns intensify and energy efficiency standards become more stringent, evaporative cooling technology is set to play a pivotal role in sustainable temperature regulation, driving long-term market expansion.

SCOPE OF STUDY:

The report analyzes the Evaporative Coolers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Direct Evaporative Coolers, Indirect Evaporative Coolers, Hybrid Evaporative Coolers); Mounting (Ground Mounting, Window Mounting, Roof Mounting); Distribution Channel (Online Distribution Channel, Offline Distribution Channel); End-Use (Residential End-Use, Commercial End-Use, Industrial End-Use)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 39 Featured) -

• Baltimore Aircoil Company Inc.
• Big Ass Fans
• Bonaire Heating & Cooling
• Carel Industries
• Celsius Design Limited
• CFW Evapcool
• Colt Group Limited
• Condair Group AG
• Delta Cooling Towers Inc.
• EcoCooling
• ENEXIO Water Technologies GmbH
• Frigidaire
• Honeywell International Inc.
• Munters Group AB
• Phoenix Manufacturing Inc.
• Portacool LLC
• SPX Cooling Technologies Inc.
• Symphony Limited
• Usha International
• Voltas Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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