Report : North America 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 5.2% CAGR, the North America Evaporative Cooler Market is speculated to be worth US$ 1,164.70 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America evaporative cooler market was valued at US$ 859.83 million in 2022 and is expected to reach US$ 1,164.70 million by 2028, registering a CAGR of 5.2% 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 North America evaporative cooler market expansion.
Earlier, data centers were constructed in cooler environmental regions. Moreover, the adoption of liquid cooling systems for data centers is increasing in the US. According to the survey done by Informa Engage in association with Dell Technologies, in 2020, ~37% of respondents already adopted evaporative cooling over conventional computer room air conditioner (CRAC)/computer room air handler (CRAH), an increase of 6% from 2017. 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 North America evaporative cooler market.
On the contrary, inability to work efficiently in humid environment hampers the North America evaporative cooler market .
Based on type, the North America evaporative cooler market is segmented into direct evaporative cooling, indirect evaporative cooling, and two-stage evaporative cooling. The direct evaporative cooling segment held 75.7% share of North America evaporative cooler market in 2022, amassing US$ 650.55 million. It is projected to garner US$ 905.79 million by 2028 to expand at 5.7% CAGR during 2022–2028.
Based on application, the North America evaporative cooler market is segmented into residential, commercial, industrial, and confinement farming. The industrial segment held 35.1% share of North America evaporative cooler market in 2022, amassing US$ 302.17 million. It is projected to garner US$ 382.88 million by 2028 to expand at 4.0% CAGR during 2022–2028.
Based on country, the North America evaporative cooler market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 68.2% share of North America evaporative cooler market in 2022. It was assessed at US$ 586.18 million in 2022 and is likely to hit US$ 790.94 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.
Key players dominating the North America evaporative cooler market are Baltimore Aircoil Co; CoolBoss LLC; Honeywell International Inc; Munters Group AB; Phoenix Manufacturing Inc; Pinnacle Climate Technologies Inc; SPX Technologies Inc; and Symphony Ltd, 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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