Evaporative Cooler Market Size, Share and Trends Report 2028

Evaporative Cooler Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Direct Evaporative Cooling, Indirect Evaporative Cooling, and Two-Stage Evaporative Cooling) and Application (Residential, Commercial, Industrial, and Confinement Farming)

Report Code : TIPRE00029819
Category : Manufacturing and Construction

Status : Published
No. of Pages : 152

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The evaporative cooler market is expected to grow from US$ 4,409.39 million in 2022 to US$ 6,492.10 million by 2028; it is anticipated to register a CAGR of 6.7% from 2022 to 2028.

An evaporative cooler is a type of air conditioner that harnesses the power of evaporation to cool air temperature. It generally consists of a fan, a water reservoir, a heat exchange material/thick pads, a pump for water distribution, and additional controls for fine-tuning. The evaporative cooler works by cooling the air through evaporating water; this process is called adiabatic cooling. The direct-type coolers contain a fan that draws warm outside air into the unit and cools it by passing it over water-soaked pads, which causes the water to evaporate. The evaporative cooler can reduce the air temperature by 15°F to 40°F of the space to be cooled. Some air coolers also have different parts, such as air filters and pads, which can improve air quality by minimizing mildew growth and reducing allergens.

Evaporative coolers are one of the most cost-effective and energy-efficient area cooling solutions. Hence, their adoption at data centers is increasing tremendously. For instance, in September 2021, Huawei launched an Indirect Evaporative Cooling solution at HUAWEI CONNECT 2021. The company developed this next-generation solution to upgrade air handling units (AHU) to environment handling units (EHU), which can further help reduce data center power usage effectiveness (PUE) and embrace carbon neutrality. Moreover, as evaporative coolers are the most viable and economical, their demand in the residential sector is increasing. Various evaporative cooler market players are developing advanced evaporative coolers to cater to the rising residential demand.

Furthermore, unlike refrigerant-based air conditioners, evaporative air-cooling systems do not rely on refrigerant gases, which reduces their energy usage by ~90%. Thus, the growing demand for cost-effective cooling solutions due to the rising energy cost is expected to create lucrative opportunities for evaporative cooler market growth during the forecast period. In addition, the growing incorporation of antimicrobial technologies in evaporative coolers will further fuel the evaporative cooler market size during the forecast period.

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Evaporative Cooler Market: Strategic Insights

Market Size Value in US$ 4,409.39 million in 2022
Market Size Value by US$ 6,492.10 million by 2028
Growth rate CAGR of 6.7% from 2022 to 2028
Forecast Period 2022-2028
Base Year 2022

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Impact of COVID-19 Pandemic on Evaporative Cooler Market Share

The COVID-19 crisis drastically affected two huge Asia Pacific (APAC) markets—India and China. Governments of countries in APAC took possible steps to reduce the effects of the pandemic through lockdowns, which hampered the operations of various industries. Asian countries experienced a drop in the GDP, international trade, and economy. The APAC evaporative cooler market size also took a hit during the first half of 2020, leading to a massive decline in the revenue of key evaporative cooler market players operating in the region. The outbreak resulted in disruptions in supply chains across the region. The pandemic impacted both large and small and medium enterprises operating in the Indian market. Post-lockdown, manufacturing activities of evaporative coolers resumed. The relaxation of lockdown restrictions and the vaccination process supported the steady raw material shipment and industrial activities, boosting the growth of the manufacturing industry in APAC in 2021.

Lucrative Regions: Evaporative Cooler Market Share

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Market Insight – Evaporative Cooler Market

The rising global warming has led to an increase in average temperature in most tropical regions. Additionally, several parts of Europe and North America have witnessed severe heat waves during summer for the past few years. This has given rise to the demand for residential application of evaporative coolers from countries such as France, Italy, and Spain, where even fan was not used previously. In India, the Ahmedabad Electronics Dealers’ Association estimated a strong growth in 2022, for air conditioners and coolers, despite a 20% price hike. Evaporative air coolers help deliver 100% fresh and filtered cool air at a much lower cost than refrigerated air conditioners. This makes it the most viable and economical option for cooling large and open areas. Furthermore, these evaporative air coolers work more efficiently when doors and windows are left open. Thus, due to all the above advantages, the demand for evaporative coolers for residential use is increasing.

Application Based Insights

Based on application, the evaporative cooler market is segmented into residential, commercial, industrial, and confinement farming. The residential segment accounted for the largest market share in 2021 and is also expected to register the highest evaporative cooler market growth rate during the forecast period. The rising global temperature is primarily promoting the market growth for this segment. The commercial segment is anticipated to be the second fastest-growing segment during the forecast period owing to the rising application of evaporative coolers in energy-efficient data centers.

Players operating in the evaporative cooler market are mainly focused on the development of advanced and efficient products.

In June 2022, Dantherm GmbH acquired Heylo GmbH that hold a leading position in designing and manufacturing heating, cooling, drying, ventilation, and air purification solutions for a wide range of applications and industries for the European B2B markets. With the acquisition, Dantherm GmbH aims of creating an even more efficient setup gearing the company for the future and facilitating further quality and service level enhancements.
In July 2021, Baltimore Aircoil Co acquired Eurocoil SPA to strengthen its position in the global cooling market. The acquisition of Eurocoil increased Baltimore Aircoil Co’s manufacturing capacity while adding additional heat exchanger capabilities for Baltimore Aircoil Co’s existing evaporative hybrid and adiabatic cooling products.

The evaporative cooler market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America. In 2022, Asia Pacific held the largest market share in 2021, followed by North America and Europe. Asia Pacific is anticipated to register the highest CAGR in the market from 2022 to 2028.

Baltimore Aircoil Co, CoolBoss LLC, Dantherm Group AS, Honeywell International Inc, Metalurgica Manlleuense SA, Munters Group AB, Phoenix Manufacturing Inc, Pinnacle Climate Technologies Inc, SPX Technologies Inc, and Symphony Ltd are among the key players operating in the evaporative cooler market. The evaporative cooler market report provides detailed market insights, which help the key players strategize the growth in coming years.

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Type, and Application

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

Who are the major vendors in the evaporative cooler market?

What are the future trends for evaporative cooler market?

Evaporative cooling is one of the most environmentally friendly cooling techniques. To make it more efficient and reliable, market players are incorporating these coolers with antimicrobial technologies. They are using materials, such as titanium dioxide, which act as catalysts or photocatalysts to provide antimicrobial activity. Thus, exposing the water to the catalyst and frequent water recirculation can reduce the number of harmful microorganisms to harmless proportions.

Which region to dominate the evaporative cooler market in the forecast period?

Asia Pacific dominated the evaporative cooler market in 2021. The rapid weather and climate change are fueling the growth of the Asia Pacific evaporative cooler market. In addition, the growing inclination of people toward an eco-friendly cooling solution is further fueling the market growth.

What are market opportunities for evaporative cooler market?

Unlike refrigerant-based air conditioners, evaporative air-cooling systems do not rely on refrigerant gases, which reduces their energy usage by ~90%. Thus, the growing demand for cost-effective cooling solutions due to the rising energy cost is expected to create lucrative opportunities for the growth of the evaporative cooler market during the forecast period. In addition, the growing incorporation of anti-microbial technologies in evaporative coolers will fuel the market's growth during the forecast period.

What are reasons behind evaporative cooler market growth?

Growing adoption of evaporative coolers in the residential sector is primarily driving market growth. Increasing development of advanced air coolers by the market players to cater to the rising residential demand, is further aiding the growth of the evaporative cooler market.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Evaporative Cooler Market – By Type

1.3.2 Evaporative Cooler Market – By Application

1.3.3 Evaporative Cooler Market- By Region

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Evaporative Cooler Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Evaporative Cooler Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Adoption of Evaporative Coolers in Data Centers

5.1.2 Growing Demand for Evaporative Coolers in Residential Sector

5.2 Market Restraints

5.2.1 Inability to Work Efficiently in Humid Environment

5.3 Market Opportunities

5.3.1 Increasing Demand for Cost-Effective Cooling Solutions

5.4 Future Trends

5.4.1 Incorporation of Antimicrobial Technologies in Evaporative Coolers

5.5 Impact Analysis of Drivers and Restraints

6. Evaporative Cooler Market – Global Analysis

6.1 Global Evaporative Cooler Market Overview

6.2 Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Five Key Players

7. Evaporative Cooler Market Analysis – By Type

7.1 Overview

7.2 Evaporative Cooler Market, by Type (2021 & 2028)

7.3 Direct Evaporative Cooling

7.3.1 Overview

7.3.2 Direct Evaporative Cooling: Evaporative Cooler Market – Revenue, and Forecast to 2028 (US$ Million)

7.4 Indirect Evaporative Cooling

7.4.1 Overview

7.4.2 Indirect Evaporative Cooling: Evaporative Cooler Market – Revenue, and Forecast to 2028 (US$ Million)

7.5 Two-Stage Evaporative Cooling

7.5.1 Overview

7.5.2 Two-Stage Evaporative Cooling: Evaporative Cooler Market – Revenue, and Forecast to 2028 (US$ Million)

8. Evaporative Cooler Market Analysis – By Application

8.1 Overview

8.2 Evaporative Cooler Market Breakdown, by Application, 2021 & 2028

8.3 Residential

8.3.1 Overview

8.3.2 Residential Market Revenue and Forecast to 2028 (US$ Million)

8.4 Commercial

8.4.1 Overview

8.4.2 Commercial Market Revenue and Forecast to 2028 (US$ Million)

8.5 Industrial

8.5.1 Overview

8.5.2 Industrial Market Revenue and Forecast to 2028 (US$ Million)

8.6 Confinement Farming

8.6.1 Overview

8.6.2 Confinement Farming Market Revenue and Forecast to 2028 (US$ Million)

9. Evaporative Cooler Market – Geographic Analysis

9.1 Overview

9.2 North America: Evaporative Cooler Market

9.2.1 Overview

9.2.2 North America Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

9.2.3 North America Evaporative Cooler Market Breakdown, by Type

9.2.4 North America Evaporative Cooler Market Breakdown, by Application

9.2.5 North America Evaporative Cooler Market Breakdown, by Country

9.2.5.1 US Evaporative Cooler Market, Revenue and Forecast to 2028

9.2.5.1.1 US Evaporative Cooler Market Breakdown, by Type

9.2.5.1.2 US Evaporative Cooler Market Breakdown, by Application

9.2.5.2 Canada Evaporative Cooler Market, Revenue and Forecast to 2028

9.2.5.2.1 Canada Evaporative Cooler Market Breakdown, by Type

9.2.5.2.2 Canada Evaporative Cooler Market Breakdown, by Application

9.2.5.3 Mexico Evaporative Cooler Market, Revenue and Forecast to 2028

9.2.5.3.1 Mexico Evaporative Cooler Market Breakdown, by Type

9.2.5.3.2 Mexico Evaporative Cooler Market Breakdown, by Application

9.3 Europe: Evaporative Cooler Market

9.3.1 Overview

9.3.2 Europe Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

9.3.3 Europe Evaporative Cooler Market Breakdown, by Type

9.3.4 Europe Evaporative Cooler Market Breakdown, by Application

9.3.5 Europe Evaporative Cooler Market Breakdown, by Country

9.3.5.1 Germany Evaporative Cooler Market, Revenue and Forecast to 2028

9.3.5.1.1 Germany Evaporative Cooler Market Breakdown, by Type

9.3.5.1.2 Germany Evaporative Cooler Market Breakdown, by Application

9.3.5.2 France Evaporative Cooler Market, Revenue and Forecast to 2028

9.3.5.2.1 France Evaporative Cooler Market Breakdown, by Type

9.3.5.2.2 France Evaporative Cooler Market Breakdown, by Application

9.3.5.3 Italy Evaporative Cooler Market, Revenue and Forecast to 2028

9.3.5.3.1 Italy Evaporative Cooler Market Breakdown, by Type

9.3.5.3.2 Italy Evaporative Cooler Market Breakdown, by Application

9.3.5.4 UK Evaporative Cooler Market, Revenue and Forecast to 2028

9.3.5.4.1 UK Evaporative Cooler Market Breakdown, by Type

9.3.5.4.2 UK Evaporative Cooler Market Breakdown, by Application

9.3.5.5 Spain Evaporative Cooler Market, Revenue and Forecast to 2028

9.3.5.5.1 Spain Evaporative Cooler Market Breakdown, by Type

9.3.5.5.2 Spain Evaporative Cooler Market Breakdown, by Application

9.3.5.6 Rest of Europe Evaporative Cooler Market, Revenue and Forecast to 2028

9.3.5.6.1 Rest of Europe Evaporative Cooler Market Breakdown, by Type

9.3.5.6.2 Rest of Europe Evaporative Cooler Market Breakdown, by Application

9.4 Asia Pacific: Evaporative Cooler Market

9.4.1 Overview

9.4.2 Asia Pacific Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

9.4.3 Asia Pacific Evaporative Cooler Market Breakdown, by Type

9.4.4 Asia Pacific Evaporative Cooler Market Breakdown, by Application

9.4.5 Asia Pacific Evaporative Cooler Market Breakdown, by Country

9.4.5.1 Australia Evaporative Cooler Market, Revenue and Forecast to 2028

9.4.5.1.1 Australia Evaporative Cooler Market Breakdown, by Type

9.4.5.1.2 Australia Evaporative Cooler Market Breakdown, by Application

9.4.5.2 China Evaporative Cooler Market, Revenue and Forecast to 2028

9.4.5.2.1 China Evaporative Cooler Market Breakdown, by Type

9.4.5.2.2 China Evaporative Cooler Market Breakdown, by Application

9.4.5.3 India Evaporative Cooler Market, Revenue and Forecast to 2028

9.4.5.3.1 India Evaporative Cooler Market Breakdown, by Type

9.4.5.3.2 India Evaporative Cooler Market Breakdown, by Application

9.4.5.4 Japan Evaporative Cooler Market, Revenue and Forecast to 2028

9.4.5.4.1 Japan Evaporative Cooler Market Breakdown, by Type

9.4.5.4.2 Japan Evaporative Cooler Market Breakdown, by Application

9.4.5.5 South Korea Evaporative Cooler Market, Revenue and Forecast to 2028

9.4.5.5.1 South Korea Evaporative Cooler Market Breakdown, by Type

9.4.5.5.2 South Korea Evaporative Cooler Market Breakdown, by Application

9.4.5.6 Rest of APAC Evaporative Cooler Market, Revenue and Forecast to 2028

9.4.5.6.1 Rest of APAC Evaporative Cooler Market Breakdown, by Type

9.4.5.6.2 Rest of APAC Evaporative Cooler Market Breakdown, by Application

9.5 MEA: Evaporative Cooler Market

9.5.1 Overview

9.5.2 MEA Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

9.5.3 MEA Evaporative Cooler Market Breakdown, by Type

9.5.4 MEA Evaporative Cooler Market Breakdown, by Application

9.5.5 MEA Evaporative Cooler Market Breakdown, by Country

9.5.5.1 South Africa Evaporative Cooler Market, Revenue and Forecast to 2028

9.5.5.1.1 South Africa Evaporative Cooler Market Breakdown, by Type

9.5.5.1.2 South Africa Evaporative Cooler Market Breakdown, by Application

9.5.5.2 Saudi Arabia Evaporative Cooler Market, Revenue and Forecast to 2028

9.5.5.2.1 Saudi Arabia Evaporative Cooler Market Breakdown, by Type

9.5.5.2.2 Saudi Arabia Evaporative Cooler Market Breakdown, by Application

9.5.5.3 UAE Evaporative Cooler Market, Revenue and Forecast to 2028

9.5.5.3.1 UAE Evaporative Cooler Market Breakdown, by Type

9.5.5.3.2 UAE Evaporative Cooler Market Breakdown, by Application

9.5.5.4 Rest of MEA Evaporative Cooler Market, Revenue and Forecast to 2028

9.5.5.4.1 Rest of MEA Evaporative Cooler Market Breakdown, by Type

9.5.5.4.2 Rest of MEA Evaporative Cooler Market Breakdown, by Application

9.6 SAM: Evaporative Cooler Market

9.6.1 Overview

9.6.2 SAM Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

9.6.3 SAM Evaporative Cooler Market Breakdown, by Type

9.6.4 SAM Evaporative Cooler Market Breakdown, by Application

9.6.5 SAM Evaporative Cooler Market Breakdown, by Country

9.6.5.1 Brazil Evaporative Cooler Market, Revenue and Forecast to 2028

9.6.5.1.1 Brazil Evaporative Cooler Market Breakdown, by Type

9.6.5.1.2 Brazil Evaporative Cooler Market Breakdown, by Application

9.6.5.2 Argentina Evaporative Cooler Market, Revenue and Forecast to 2028

9.6.5.2.1 Argentina Evaporative Cooler Market Breakdown, by Type

9.6.5.2.2 Argentina Evaporative Cooler Market Breakdown, by Application

9.6.5.3 Rest of SAM Evaporative Cooler Market, Revenue and Forecast to 2028

9.6.5.3.1 Rest of SAM Evaporative Cooler Market Breakdown, by Type

9.6.5.3.2 Rest of SAM Evaporative Cooler Market Breakdown, by Application

10. Impact of COVID-19 Pandemic on Global Evaporative Cooler Market

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 APAC: Impact Assessment of COVID-19 Pandemic

10.5 MEA: Impact Assessment of COVID-19 Pandemic

10.6 SAM Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.2 New Product Development

11.3 Merger and Acquisition

12. Company Profiles

12.1 Baltimore Aircoil Co

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 CoolBoss LLC

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Dantherm Group AS

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Honeywell International Inc

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Metalurgica Manlleuense SA

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Munters Group AB

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Phoenix Manufacturing Inc

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Pinnacle Climate Technologies Inc

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 SPX Technologies Inc

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Symphony Ltd

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America Evaporative Cooler Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 5. US Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6. US Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9. Mexico Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. Europe Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12. Europe Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13. Europe Evaporative Cooler Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 14. Germany Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. Germany Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16. France Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. France Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. Italy Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 19. Italy Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 20. UK Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. UK Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 22. Spain Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 23. Spain Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 24. Rest of Europe Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 25. Rest of Europe Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 26. Asia Pacific Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 27. Asia Pacific Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 28. Asia Pacific Evaporative Cooler Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 29. Australia Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 30. Australia Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 31. China Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 32. China Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 33. India Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 34. India Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 35. Japan Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 36. Japan Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 37. South Korea Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 38. South Korea Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 39. Rest of APAC Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 40. Rest of APAC Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 41. MEA Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 42. MEA Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 43. MEA Evaporative Cooler Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 44. South Africa Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 45. South Africa Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 46. Saudi Arabia Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 47. Saudi Arabia Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 48. UAE Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 49. UAE Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 50. Rest of MEA Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 51. Rest of MEA Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 52. SAM Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 53. SAM Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 54. SAM Evaporative Cooler Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 55. Brazil Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 56. Brazil Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 57. Argentina Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 58. Argentina Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 59. Rest of SAM Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 60. Rest of SAM Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 61. List of Abbreviation

LIST OF FIGURES

Figure 1. Evaporative Cooler Market Segmentation

Figure 2. Evaporative Cooler Market Segmentation – By Geography

Figure 3. Global Evaporative Cooler Market Overview

Figure 4. Direct Evaporative Cooling Segment Held the Largest Share of Evaporative Cooler Market

Figure 5. Residential Segment Held the Largest Share of Evaporative Cooler Market

Figure 6. APAC to Show Great Traction During Forecast Period

Figure 7. North America: PEST Analysis

Figure 8. Europe: PEST Analysis

Figure 9. Asia-Pacific: PEST Analysis

Figure 10. Middle East and Africa: PEST Analysis

Figure 11. South America: PEST Analysis

Figure 12. Expert Opinion

Figure 13. Evaporative Cooler Market Impact Analysis of Drivers and Restraints

Figure 14. Geographic Overview of Evaporative Cooler Market

Figure 15. Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Evaporative Cooler Market Revenue Share, By Type (2021 & 2028)

Figure 17. Direct Evaporative Cooling: Evaporative Cooler Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 18. Indirect Evaporative Cooling: Evaporative Cooler Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 19. Two-Stage Evaporative Cooling: Evaporative Cooler Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 20. Evaporative Cooler Market Breakdown, by Application (2021 & 2028)

Figure 21. Residential Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. Commercial Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. Industrial Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. Confinement Farming Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. Global Evaporative Cooler Market Breakdown, by Region, 2021 & 2028 (%)

Figure 26. North America Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 27. North America Evaporative Cooler Market Breakdown, by Type, 2021 & 2028 (%)

Figure 28. North America Evaporative Cooler Market Breakdown, by Application, 2021 & 2028 (%)

Figure 29. North America Evaporative Cooler Market Breakdown, by Country, 2021 & 2028 (%)

Figure 30. US Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 31. Canada Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 32. Mexico Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 33. Europe Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 34. Europe Evaporative Cooler Market Breakdown, by Type, 2021 & 2028 (%)

Figure 35. Europe Evaporative Cooler Market Breakdown, by Application, 2021 & 2028 (%)

Figure 36. Europe Evaporative Cooler Market Breakdown, by Country, 2021 & 2028 (%)

Figure 37. Germany Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 38. France Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 39. Italy Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 40. UK Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 41. Spain Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 42. Rest of Europe Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 43. Asia Pacific Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 44. Asia Pacific Evaporative Cooler Market Breakdown, by Type, 2021 & 2028 (%)

Figure 45. Asia Pacific Evaporative Cooler Market Breakdown, by Application, 2021 & 2028 (%)

Figure 46. Asia Pacific Evaporative Cooler Market Breakdown, by Country, 2021 & 2028 (%)

Figure 47. Australia Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 48. China Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 49. India Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 50. Japan Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 51. South Korea Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 52. Rest of APAC Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 53. MEA Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 54. MEA Evaporative Cooler Market Breakdown, by Type, 2021 & 2028 (%)

Figure 55. MEA Evaporative Cooler Market Breakdown, by Application, 2021 & 2028 (%)

Figure 56. MEA Evaporative Cooler Market Breakdown, by Country, 2021 & 2028 (%)

Figure 57. South Africa Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 58. Saudi Arabia Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 59. UAE Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 60. Rest of MEA Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 61. SAM Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 62. SAM Evaporative Cooler Market Breakdown, by Type, 2021 & 2028 (%)

Figure 63. SAM Evaporative Cooler Market Breakdown, by Application, 2021 & 2028 (%)

Figure 64. SAM Evaporative Cooler Market Breakdown, by Country, 2021 & 2028 (%)

Figure 65. Brazil Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 66. Argentina Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 67. Rest of SAM Evaporative Cooler Market, Revenue and Forecast to 2028 (US$ Million)

Figure 68. Impact of COVID-19 Pandemic in North American Country Markets

Figure 69. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 70. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 71. Impact of COVID-19 Pandemic in MEA Country Markets

Figure 72. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Evaporative Cooler Market

Baltimore Aircoil Co
CoolBoss LLC
Dantherm Group AS
Honeywell International Inc
Metalurgica Manlleuense SA
Munters Group AB
Phoenix Manufacturing Inc
Pinnacle Climate Technologies Inc
SPX Technologies Inc
Symphony Ltd

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:

Research Methodology

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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Market Size Value in	US$ 4,409.39 million in 2022
Market Size Value by	US$ 6,492.10 million by 2028
Growth rate	CAGR of 6.7% from 2022 to 2028
Forecast Period	2022-2028
Base Year	2022