Global Indirect Evaporative Cooling Technology Market Growth (Status and Outlook) 2026-2032

The global Indirect Evaporative Cooling Technology market size is predicted to grow from US$ 1238 million in 2025 to US$ 3668 million in 2032; it is expected to grow at a CAGR of 17.1% from 2026 to 2032.

Indirect Evaporative Cooling Technology is a method of cooling air by leveraging the evaporation of water without adding moisture to the conditioned air. In this system, outdoor or exhaust air passes through a wet heat exchanger, where it is cooled by water evaporation. The heat exchanger then transfers the cooling effect to a separate stream of dry air, which is circulated into the indoor environment. This technology is energy-efficient, eco-friendly, and effective in hot and dry climates, offering cooling solutions for commercial buildings, industrial facilities, and data centers while reducing energy consumption and greenhouse gas emissions compared to traditional cooling methods.

United States market for Indirect Evaporative Cooling Technology is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

China market for Indirect Evaporative Cooling Technology is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

Europe market for Indirect Evaporative Cooling Technology is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

Global key Indirect Evaporative Cooling Technology players cover Vertiv, Munters, Heatex, Huawei, CAREL, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2025.

LPI (LP Information)' newest research report, the “Indirect Evaporative Cooling Technology Industry Forecast” looks at past sales and reviews total world Indirect Evaporative Cooling Technology sales in 2025, providing a comprehensive analysis by region and market sector of projected Indirect Evaporative Cooling Technology sales for 2026 through 2032. With Indirect Evaporative Cooling Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Indirect Evaporative Cooling Technology industry.

This Insight Report provides a comprehensive analysis of the global Indirect Evaporative Cooling Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Indirect Evaporative Cooling Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Indirect Evaporative Cooling Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Indirect Evaporative Cooling Technology and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Indirect Evaporative Cooling Technology.

This report presents a comprehensive overview, market shares, and growth opportunities of Indirect Evaporative Cooling Technology market by product type, application, key players and key regions and countries.

Segmentation by Type:
Below 250 kW
205-350 kW
Above 350 kW

Segmentation by Application:
Data Center
Cryptocurrency Mining
Commercial and Industrial Buildings

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Vertiv
Munters
Heatex
Huawei
CAREL
Envicool
Nortek
Air2O
EXcool
Condair
Seeley International
Cambridge Air Solutions
Xinjiang Huayi New Energy Technology
Guangdong Haiwu Technology
Guangdong Shenling Environmental Systems
Yimikang Tech

Please note: The report will take approximately 2 business days to prepare and deliver. Show more