The global evaporative cooling market size was valued at USD 6.75 Billion in 2024. Looking forward, the market is forecast to reach USD 10.81 Billion by 2033, exhibiting a CAGR of 5.11% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 39.4% in 2024. The expanding use of evaporative cooling in the industrial sector, the increasing demand for cost-effective, energy-efficient, and sustainable solutions, along with various initiatives from governing bodies, are key factors driving the growth of the evaporative cooling market share.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with the presence of numerous international and regional players in the industry. The volume of new entrants is moderate due to high initial capital investments, technology intensive nature, and moderate product differentiation.
What is Evaporative Cooling?
Evaporative cooling, also known as adiabatic cooling, refers to the cooling and ventilation method that uses water as its refrigerant. It comprises direct, indirect, and two-stage evaporative cooling. It relies on the principle of water evaporation through which the air is cooled down to a certain temperature. It is a highly sustainable and energy-efficient cooling method that offers a comfortable and productive climate for production facilities, distribution centers, and office buildings. It assists in improving indoor air quality by providing fresh, clean, filtered, and cool air without recirculating the warm air. As it finds extensive applications in confinement farming, residential, commercial, and industrial purposes, the demand for evaporative cooling is increasing across the globe.
2. What is the future outlook of evaporative cooling market?
3. What are the key factors driving the evaporative cooling market?
4. Which region accounts for the largest evaporative cooling market share?
5. Which are the leading companies in the global evaporative cooling market?
The Rising Application in Industrial Sector Augmenting the Market Growth
The evaporative cooling market has been experiencing continuous growth. The rising demand for evaporative cooling in the industrial sector represents one of the key factors propelling the market growth. The evaporative coolers are widely utilized in warehouses, factories, power generation, manufacturing units, oil and gas, and construction industries. The rising demand for evaporative cooling due to the implementation of energy standards in the industrial sector. The Department of Energy and Energy Solutions Center (ESC) has created standards, such as ISO 50001, to recognize and implement various energy projects that saves money and decreases energy use.Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with the presence of numerous international and regional players in the industry. The volume of new entrants is moderate due to high initial capital investments, technology intensive nature, and moderate product differentiation.
What is Evaporative Cooling?
Evaporative cooling, also known as adiabatic cooling, refers to the cooling and ventilation method that uses water as its refrigerant. It comprises direct, indirect, and two-stage evaporative cooling. It relies on the principle of water evaporation through which the air is cooled down to a certain temperature. It is a highly sustainable and energy-efficient cooling method that offers a comfortable and productive climate for production facilities, distribution centers, and office buildings. It assists in improving indoor air quality by providing fresh, clean, filtered, and cool air without recirculating the warm air. As it finds extensive applications in confinement farming, residential, commercial, and industrial purposes, the demand for evaporative cooling is increasing across the globe.
COVID-19 Impact:
The COVID-19 pandemic outbreak has caused a severe problem for the evaporative cooling market due to the prolonged lockdown. Many production plants of evaporative coolers were either shut down or had to slow down their production. There was a significant disruption in the supply of materials from the major suppliers, which adversely affected the transportation and logistics of businesses. In addition, the availability of raw materials was highly impacted due to the massive disruption in the global supply chain. Apart from this, volatility in crude prices also affected both raw material prices and end-product prices, which impacted the profitability of manufacturers. In the year 2020, the demand for evaporative cooling systems got impacted due to the imposition of lockdown in various sectors. However, the global COVID-19 pandemic increased the need to improve workforce challenges and develop operational safety in factory environments. As evaporative coolers provide fresh air without recirculating the air, they have assisted in overcoming concerns associated with COVID-19 pandemic conditions.Evaporative Cooling Market Trends:
At present, the increasing demand for evaporative cooling in the industrial sector represents one of the major factors supporting the growth of the market. Besides this, the growing demand for evaporative cooling solutions due to the rapid development of various data centers across the globe is positively influencing the market. In addition, the rising demand for cost-effective, energy-efficient, and clean and sustainable energy solutions worldwide is propelling the growth of the market. Apart from this, governing agencies of various countries are encouraging the adoption of evaporative cooling solutions to reduce carbon footprint emissions, which is contributing to the growth of the market. Additionally, the increasing demand for evaporative cooling in residential and commercial sectors is offering a favorable market outlook.Market Segmentation:
This report provides an analysis of the key trends in each segment of the global evaporative cooling market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on cooling, distribution channel, and application.Type of Cooling Insights:
- Direct Evaporative Cooling
- Indirect Evaporative Cooling
- Two-stage Evaporative Cooling
Distribution Channel Insights:
- Big-box Retailers
- HVAC Contractors and Distributors
- Others
Application Insights:
- Residential
- Commercial
- Industrial
- Confinement Farming
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global evaporative cooling market. Some of the companies covered include:
- Baltimore Aircoil Company Inc. (Amsted Industries Incorporated)
- Bonaire Heating & Cooling
- Celsius Design Limited
- CFW Evapcool
- Colt Group Limited
- Condair Group AG
- Delta Cooling Towers Inc.
- EcoCooling
- ENEXIO Water Technologies GmbH
- Munters Group
- Phoenix Manufacturing Inc.
- SPX Cooling Technologies Inc. (SPX Corporation)
Key Questions Answered in This Report
1. How big is the evaporative cooling market?2. What is the future outlook of evaporative cooling market?
3. What are the key factors driving the evaporative cooling market?
4. Which region accounts for the largest evaporative cooling market share?
5. Which are the leading companies in the global evaporative cooling market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Evaporative Cooling Market
6 Market Breakup by Type of Cooling
7 Market Breakup by Distribution Channel
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Baltimore Aircoil Company Inc. (Amsted Industries Incorporated)
- Bonaire Heating & Cooling
- Celsius Design Limited
- CFW Evapcool
- Colt Group Limited
- Condair Group AG
- Delta Cooling Towers Inc.
- EcoCooling
- ENEXIO Water Technologies GmbH
- Munters Group
- Phoenix Manufacturing Inc.
- SPX Cooling Technologies Inc. (SPX Corporation)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | May 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 6.75 Billion |
| Forecasted Market Value ( USD | $ 10.81 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
