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Evaporative Condenser Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application

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    Report

  • 96 Pages
  • March 2025
  • Region: Global
  • Prof Research
  • ID: 6060923
Description Jump to:
Evaporative condensers are heat exchange devices that cool high-temperature gaseous refrigerants into liquids by leveraging the evaporation of sprayed water outside coiled tubes, with air as a carrier medium. They combine water and air cooling for efficiency, used in petrochemicals, cold chain logistics, pharmaceuticals, and other industries requiring precise temperature control. Co-flow designs suit high-temperature, humid regions with secondary cooling in packing layers, while counter-flow designs excel in dry, cold climates with air moving opposite the refrigerant flow.

The market is driven by industrial cooling needs, energy efficiency demands, and sustainability trends, offering lower operating costs than air-cooled systems. The global evaporative condenser market is estimated at USD 0.9-1.5 billion in 2025, with a projected CAGR of 3.2%-6.2% from 2025 to 2030, reflecting growth in industrial and cold chain applications.

Market Size and Growth Forecast

Valued at USD 0.9-1.5 billion in 2025, the evaporative condenser market is expected to grow at a CAGR of 3.2%-6.2% through 2030. This growth is propelled by industrial expansion and energy-efficient cooling needs, balanced by regional climate variations and competition.

Regional Analysis

  • Asia Pacific: Growth is estimated at 4.0%-6.5%, with China and India leading due to industrial and cold chain growth. Trends favor energy-saving solutions.
  • North America: The market grows at 2.5%-4.5%, with the United States driven by petrochemical and pharmaceutical needs.
  • Europe: Growth is projected at 2.0%-3.5%, with Germany and France focusing on sustainable cooling.
  • Rest of the World: Growth is 3.5%-6.0%, with the Middle East notable for petrochemical applications.

Application Analysis

  • Petrochemicals: Growing at 3.5%-6.0%, this segment dominates due to process cooling needs, with trends in energy efficiency.
  • Cold Chain: With a growth rate of 4.0%-6.5%, it supports food and vaccine storage, driven by logistics growth.
  • Pharmaceutical: Growing at 3.0%-5.5%, it ensures precise cooling, with trends in biopharma expansion.
  • Others: Including HVAC, this grows at 2.0%-4.0%, with steady demand.

Key Market Players

  • SPX: In the US, SPX offers robust evaporative condensers for industrial use.
  • Baltimore Aircoil Company (BAC): In the US, BAC focuses on energy-efficient cooling solutions.
  • Evapco: In the US, Evapco targets diverse industrial applications with innovative designs.
  • Johnson Controls: In the US, it provides integrated cooling systems.
  • SNOWMAN GROUP: In China, it serves cold chain needs with scalable technology.
  • MOON-TECH: In China, it focuses on industrial refrigeration solutions.
  • Shanghai Baofeng Machinery Manufacturing Co. Ltd.: In China, it caters to regional cooling demands.

Porter’s Five Forces Analysis

  • Threat of New Entrants: Moderate, due to technical and capital barriers.
  • Threat of Substitutes: Moderate, with air-cooled systems competing, but efficiency favors evaporative designs.
  • Bargaining Power of Buyers: Moderate, with industrial clients negotiating, but specialized needs limit options.
  • Bargaining Power of Suppliers: Moderate, with component supply concentration.
  • Industry Rivalry: High, driven by efficiency and cost competition.

Market Opportunities and Challenges

Opportunities

  • Cold chain growth in food and pharma boosts demand.
  • Energy efficiency trends favor evaporative systems.
  • Industrial expansion in Asia Pacific offers potential.

Challenges

  • Climate dependency limits adoption in dry regions.
  • High maintenance needs increase costs.
  • Competition from alternative cooling technologies pressures growth.

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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Evaporative Condenser Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Evaporative Condenser Market in North America (2020-2030)
8.1 Evaporative Condenser Market Size
8.2 Evaporative Condenser Market by End Use
8.3 Competition by Players/Suppliers
8.4 Evaporative Condenser Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Evaporative Condenser Market in South America (2020-2030)
9.1 Evaporative Condenser Market Size
9.2 Evaporative Condenser Market by End Use
9.3 Competition by Players/Suppliers
9.4 Evaporative Condenser Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Evaporative Condenser Market in Asia & Pacific (2020-2030)
10.1 Evaporative Condenser Market Size
10.2 Evaporative Condenser Market by End Use
10.3 Competition by Players/Suppliers
10.4 Evaporative Condenser Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Evaporative Condenser Market in Europe (2020-2030)
11.1 Evaporative Condenser Market Size
11.2 Evaporative Condenser Market by End Use
11.3 Competition by Players/Suppliers
11.4 Evaporative Condenser Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Evaporative Condenser Market in MEA (2020-2030)
12.1 Evaporative Condenser Market Size
12.2 Evaporative Condenser Market by End Use
12.3 Competition by Players/Suppliers
12.4 Evaporative Condenser Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Evaporative Condenser Market (2020-2025)
13.1 Evaporative Condenser Market Size
13.2 Evaporative Condenser Market by End Use
13.3 Competition by Players/Suppliers
13.4 Evaporative Condenser Market Size by Type
Chapter 14 Global Evaporative Condenser Market Forecast (2025-2030)
14.1 Evaporative Condenser Market Size Forecast
14.2 Evaporative Condenser Application Forecast
14.3 Competition by Players/Suppliers
14.4 Evaporative Condenser Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 SPX
15.1.1 Company Profile
15.1.2 Main Business and Evaporative Condenser Information
15.1.3 SWOT Analysis of SPX
15.1.4 SPX Evaporative Condenser Revenue, Gross Margin and Market Share (2020-2025)
15.2 Baltimore Aircoil Company (BAC)
15.2.1 Company Profile
15.2.2 Main Business and Evaporative Condenser Information
15.2.3 SWOT Analysis of Baltimore Aircoil Company (BAC)
15.2.4 Baltimore Aircoil Company (BAC) Evaporative Condenser Revenue, Gross Margin and Market Share (2020-2025)
15.3 Evapco
15.3.1 Company Profile
15.3.2 Main Business and Evaporative Condenser Information
15.3.3 SWOT Analysis of Evapco
15.3.4 Evapco Evaporative Condenser Revenue, Gross Margin and Market Share (2020-2025)
15.4 Johnson Controls
15.4.1 Company Profile
15.4.2 Main Business and Evaporative Condenser Information
15.4.3 SWOT Analysis of Johnson Controls
15.4.4 Johnson Controls Evaporative Condenser Revenue, Gross Margin and Market Share (2020-2025)
15.5 SNOWMAN GROUP
15.5.1 Company Profile
15.5.2 Main Business and Evaporative Condenser Information
15.5.3 SWOT Analysis of SNOWMAN GROUP
15.5.4 SNOWMAN GROUP Evaporative Condenser Revenue, Gross Margin and Market Share (2020-2025)
15.6 MOON-TECH
15.6.1 Company Profile
15.6.2 Main Business and Evaporative Condenser Information
15.6.3 SWOT Analysis of MOON-TECH
15.6.4 MOON-TECH Evaporative Condenser Revenue, Gross Margin and Market Share (2020-2025)
15.7 Shanghai Baofeng Machinery Manufacturing Co. Ltd.
15.7.1 Company Profile
15.7.2 Main Business and Evaporative Condenser Information
15.7.3 SWOT Analysis of Shanghai Baofeng Machinery Manufacturing Co. Ltd.
15.7.4 Shanghai Baofeng Machinery Manufacturing Co. Ltd. Evaporative Condenser Revenue, Gross Margin and Market Share (2020-2025)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Evaporative Condenser Report
Table Data Sources of Evaporative Condenser Report
Table Major Assumptions of Evaporative Condenser Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Evaporative Condenser Picture
Table Evaporative Condenser Classification
Table Evaporative Condenser Applications
Table Drivers of Evaporative Condenser Market
Table Restraints of Evaporative Condenser Market
Table Opportunities of Evaporative Condenser Market
Table Threats of Evaporative Condenser Market
Table COVID-19 Impact For Evaporative Condenser Market
Table Raw Materials Suppliers
Table Different Production Methods of Evaporative Condenser
Table Cost Structure Analysis of Evaporative Condenser
Table Key End Users
Table Latest News of Evaporative Condenser Market
Table Merger and Acquisition
Table Planned/Future Project of Evaporative Condenser Market
Table Policy of Evaporative Condenser Market
Table 2020-2030 North America Evaporative Condenser Market Size
Figure 2020-2030 North America Evaporative Condenser Market Size and CAGR
Table 2020-2030 North America Evaporative Condenser Market Size by Application
Table 2020-2025 North America Evaporative Condenser Key Players Revenue
Table 2020-2025 North America Evaporative Condenser Key Players Market Share
Table 2020-2030 North America Evaporative Condenser Market Size by Type
Table 2020-2030 United States Evaporative Condenser Market Size
Table 2020-2030 Canada Evaporative Condenser Market Size
Table 2020-2030 Mexico Evaporative Condenser Market Size
Table 2020-2030 South America Evaporative Condenser Market Size
Figure 2020-2030 South America Evaporative Condenser Market Size and CAGR
Table 2020-2030 South America Evaporative Condenser Market Size by Application
Table 2020-2025 South America Evaporative Condenser Key Players Revenue
Table 2020-2025 South America Evaporative Condenser Key Players Market Share
Table 2020-2030 South America Evaporative Condenser Market Size by Type
Table 2020-2030 Brazil Evaporative Condenser Market Size
Table 2020-2030 Argentina Evaporative Condenser Market Size
Table 2020-2030 Chile Evaporative Condenser Market Size
Table 2020-2030 Peru Evaporative Condenser Market Size
Table 2020-2030 Asia & Pacific Evaporative Condenser Market Size
Figure 2020-2030 Asia & Pacific Evaporative Condenser Market Size and CAGR
Table 2020-2030 Asia & Pacific Evaporative Condenser Market Size by Application
Table 2020-2025 Asia & Pacific Evaporative Condenser Key Players Revenue
Table 2020-2025 Asia & Pacific Evaporative Condenser Key Players Market Share
Table 2020-2030 Asia & Pacific Evaporative Condenser Market Size by Type
Table 2020-2030 China Evaporative Condenser Market Size
Table 2020-2030 India Evaporative Condenser Market Size
Table 2020-2030 Japan Evaporative Condenser Market Size
Table 2020-2030 South Korea Evaporative Condenser Market Size
Table 2020-2030 Southeast Asia Evaporative Condenser Market Size
Table 2020-2030 Australia Evaporative Condenser Market Size
Table 2020-2030 Europe Evaporative Condenser Market Size
Figure 2020-2030 Europe Evaporative Condenser Market Size and CAGR
Table 2020-2030 Europe Evaporative Condenser Market Size by Application
Table 2020-2025 Europe Evaporative Condenser Key Players Revenue
Table 2020-2025 Europe Evaporative Condenser Key Players Market Share
Table 2020-2030 Europe Evaporative Condenser Market Size by Type
Table 2020-2030 Germany Evaporative Condenser Market Size
Table 2020-2030 France Evaporative Condenser Market Size
Table 2020-2030 United Kingdom Evaporative Condenser Market Size
Table 2020-2030 Italy Evaporative Condenser Market Size
Table 2020-2030 Spain Evaporative Condenser Market Size
Table 2020-2030 Belgium Evaporative Condenser Market Size
Table 2020-2030 Netherlands Evaporative Condenser Market Size
Table 2020-2030 Austria Evaporative Condenser Market Size
Table 2020-2030 Poland Evaporative Condenser Market Size
Table 2020-2030 Russia Evaporative Condenser Market Size
Table 2020-2030 MEA Evaporative Condenser Market Size
Figure 2020-2030 MEA Evaporative Condenser Market Size and CAGR
Table 2020-2030 MEA Evaporative Condenser Market Size by Application
Table 2020-2025 MEA Evaporative Condenser Key Players Revenue
Table 2020-2025 MEA Evaporative Condenser Key Players Market Share
Table 2020-2030 MEA Evaporative Condenser Market Size by Type
Table 2020-2030 Egypt Evaporative Condenser Market Size
Table 2020-2030 Israel Evaporative Condenser Market Size
Table 2020-2030 South Africa Evaporative Condenser Market Size
Table 2020-2030 Gulf Cooperation Council Countries Evaporative Condenser Market Size
Table 2020-2030 Turkey Evaporative Condenser Market Size
Table 2020-2025 Global Evaporative Condenser Market Size by Region
Table 2020-2025 Global Evaporative Condenser Market Size Share by Region
Table 2020-2025 Global Evaporative Condenser Market Size by Application
Table 2020-2025 Global Evaporative Condenser Market Share by Application
Table 2020-2025 Global Evaporative Condenser Key Vendors Revenue
Figure 2020-2025 Global Evaporative Condenser Market Size and Growth Rate
Table 2020-2025 Global Evaporative Condenser Key Vendors Market Share
Table 2020-2025 Global Evaporative Condenser Market Size by Type
Table 2020-2025 Global Evaporative Condenser Market Share by Type
Table 2025-2030 Global Evaporative Condenser Market Size by Region
Table 2025-2030 Global Evaporative Condenser Market Size Share by Region
Table 2025-2030 Global Evaporative Condenser Market Size by Application
Table 2025-2030 Global Evaporative Condenser Market Share by Application
Table 2025-2030 Global Evaporative Condenser Key Vendors Revenue
Figure 2025-2030 Global Evaporative Condenser Market Size and Growth Rate
Table 2025-2030 Global Evaporative Condenser Key Vendors Market Share
Table 2025-2030 Global Evaporative Condenser Market Size by Type
Table 2025-2030 Evaporative Condenser Global Market Share by Type

Companies Mentioned

  • SPX
  • Baltimore Aircoil Company (BAC)
  • Evapco
  • Johnson Controls
  • SNOWMAN GROUP
  • MOON-TECH
  • Shanghai Baofeng Machinery Manufacturing Co. Ltd.

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