Report : Europe Evaporative Cooler Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Type (Direct Evaporative Cooling, Indirect Evaporative Cooling, and Two-Stage Evaporative Cooling) and Application (Residential, Commercial, Industrial, and Confinement Farming)
At 5.7% CAGR, the Europe Evaporative Cooler Market is speculated to be worth US$ 864.75 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe evaporative cooler market was valued at US$ 621.72 million in 2022 and is expected to reach US$ 864.75 million by 2028, registering a CAGR of 5.7% from 2022 to 2028. Rising adoption of evaporative coolers in data centers and growing demand for evaporative coolers in residential sector are the critical factors attributed to the Europe evaporative cooler market expansion.
Earlier, data centers were constructed in cooler environmental regions. Amazon Web Services, in its efforts to build a sustainable business, have been deploying direct evaporative cooling across several of its data centers during summer times since past 5 years. Therefore, the growing adoption of evaporative coolers for data centers is fueling the growth of the Europe evaporative cooler market.
On the contrary, inability to work efficiently in humid environment hampers the Europe evaporative cooler market .
Based on type, the Europe evaporative cooler market is segmented into direct evaporative cooling, indirect evaporative cooling, and two-stage evaporative cooling. The direct evaporative cooling segment held 76.4% share of Europe evaporative cooler market in 2022, amassing US$ 474.81 million. It is projected to garner US$ 673.75 million by 2028 to expand at 6.0% CAGR during 2022–2028.
Based on application, the Europe evaporative cooler market is segmented into residential, commercial, industrial, and confinement farming. The industrial segment held 35.6% share of Europe evaporative cooler market in 2022, amassing US$ 221.59 million. It is projected to garner US$ 287.68 million by 2028 to expand at 4.4% CAGR during 2022–2028.
Based on country, the Europe evaporative cooler market has been categorized into Germany, France, Italy, the UK, Spain, the Rest of Europe. Our regional analysis states that Germany captured 26.4% share of Europe evaporative cooler market in 2022. It was assessed at US$ 164.06 million in 2022 and is likely to hit US$ 247.00 million by 2028, exhibiting a CAGR of 7.1% during the forecast period.
Key players dominating the Europe evaporative cooler market are Baltimore Aircoil Co; CoolBoss LLC; Dantherm Group AS; Honeywell International Inc; Metalurgica Manlleuense SA; Munters Group AB; Pinnacle Climate Technologies Inc; and SPX Technologies Inc, among others.
- In 2022; Symphony Limited has launched a digital campaign to create awareness on the need to protect and conserve our planet. With technology making our lives simpler and more convenient, it has proved to be a hazard to our environment.
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