Report : Middle East & Africa 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 6.4% CAGR, the Middle East & Africa Evaporative Cooler Market is speculated to be worth US$ 513.71 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa evaporative cooler market was valued at US$ 353.44 million in 2022 and is expected to reach US$ 513.71 million by 2028, registering a CAGR of 6.4% 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 Middle East & Africa evaporative cooler market expansion.
Earlier, data centers were constructed in cooler environmental regions. However, with the rising need to reduce latency and construct the data center infrastructure closer to the customers. Moreover, various data center construction projects have been initiated in the MEA. For instance, in April 2022, Khazna Data Centers announced the start of the construction of their second data center in Masdar, Abu Dhabi. The new facility is expected to offer 31.8MW of capacity and will be completed by Q3 2023. Moreover, in August 2022, Quantum Switch Tamasuk (QST) announced that they were at the last stage of completing their first data center in Saudi Arabia. Therefore, the growing adoption of evaporative coolers for data centers is fueling the growth of the Middle East & Africa evaporative cooler market.
On the contrary, inability to work efficiently in humid environment hampers the Middle East & Africa evaporative cooler market.
Based on type, the Middle East & Africa evaporative cooler market is segmented into direct evaporative cooling, indirect evaporative cooling, and two-stage evaporative cooling. The direct evaporative cooling segment held 79.5% share of Middle East & Africa evaporative cooler market in 2022, amassing US$ 281.14 million. It is projected to garner US$ 418.09 million by 2028 to expand at 6.8% CAGR during 2022–2028.
Based on application, the Middle East & Africa evaporative cooler market is segmented into residential, commercial, industrial, and confinement farming. The residential segment held 40.7% share of Middle East & Africa evaporative cooler market in 2022, amassing US$ 143.69 million. It is projected to garner US$ 222.23 million by 2028 to expand at 7.5% CAGR during 2022–2028.
Based on country, the Middle East & Africa evaporative cooler market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 44.1% share of Middle East & Africa evaporative cooler market in 2022. It was assessed at US$ 156.24 million in 2022 and is likely to hit US$ 231.47 million by 2028, exhibiting a CAGR of 6.8% during the forecast period.
Key players dominating the Middle East & Africa evaporative cooler market are Baltimore Aircoil Co; Honeywell International Inc; Munters Group AB; and SPX Technologies Inc, among others.
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