Evaporative Cooling Market
The global evaporative cooling market was valued at USD 4.48 billion in 2015, and is projected to reach USD 5.95 billion by the end of 2020, at a CAGR of 5.84% during the forecast period 2015-2020. Increased demand for cost-effective cooling solutions coupled with the flexibility offered by the systems, is driving the growth of this market.
Evaporative cooling enables firms to gain cooling benefits without having an adverse effect on the environment. It has become imperative for firms to adopt sustainable practices for their production and HVAC operations, in order to mitigate the risks of global warming and environmental pollution. Although evaporative cooling is an age-old process, it has emerged as a viable alternative to conventional air conditioning systems in areas where extremely low temperatures are not needed. Initially, evaporative cooling was used in residential areas that required comfort cooling. However, they have expanded their reach to the industries and commercial entities, where the scale of operation is much larger compared to that of the residential areas.
Low maintenance and operational cost of these systems are resulting in the faster adoption of the technology. However, the dependency of the system on external climate is restraining the same, along with the lack of air purifying units. These systems emit high humidity and the need for large amounts of water act as major hindrances to this technology.
The global evaporative cooling market can be segmented by type, by delivery channel, by the delivery network and by geography. This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of top players, which includes the key growth strategies, geographical footprint, and competition analysis.
Some of the key players mentioned in the report:
Celcius Design Ltd.
Celtic Cooling, Munters
Delta Cooling Towers Inc.,
Eco Cooling, Baltimore Aircol Company
Enexio Water Technologies GMBH
SPX Cooling Technologies
What the report offers
Market definition for evaporative cooling along with identification of key drivers and restraints for the market.
Market analysis for the global evaporative cooling market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the evaporative cooling market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.