Report : South 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 6.9% CAGR, the South America Evaporative Cooler Market is speculated to be worth US$ 678.51 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South America evaporative cooler market was valued at US$ 455.17 million in 2022 and is expected to reach US$ 678.51 million by 2028, registering a CAGR of 6.9% 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 South America 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. 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. For instance, in August 2022, Scala Data Centers launched a new data center in São Paulo, Brazil. Therefore, the growing adoption of evaporative coolers for data centers is fueling the growth of the South America evaporative cooler market.
On the contrary, inability to work efficiently in humid environment hampers the South America evaporative cooler market .
Based on type, the South America evaporative cooler market is segmented into direct evaporative cooling, indirect evaporative cooling, and two-stage evaporative cooling. The direct evaporative cooling segment held 78.9% share of South America evaporative cooler market in 2022, amassing US$ 359.33 million. It is projected to garner US$ 545.01 million by 2028 to expand at 7.2% CAGR during 2022–2028.
Based on application, the South America evaporative cooler market is segmented into residential, commercial, industrial, and confinement farming. The residential segment held 40.7% share of South America evaporative cooler market in 2022, amassing US$ 185.15 million. It is projected to garner US$ 287.99 million by 2028 to expand at 7.6% CAGR during 2022–2028.
Based on country, the South America evaporative cooler market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 53.1% share of South America evaporative cooler market in 2022. It was assessed at US$ 241.85 million in 2022 and is likely to hit US$ 371.75 million by 2028, exhibiting a CAGR of 7.4% during the forecast period.
Key players dominating the South America evaporative cooler market are Baltimore Aircoil Co; Honeywell International Inc; Munters Group AB; 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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