Evaporative Cooling Market
Evaporative Cooling Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Evaporative Cooling Market Size and Growth
The evaporative cooling market is experiencing significant growth, driven by rising energy costs and demand for sustainable cooling solutions. The market is projected to reach approximately $7 billion by 2026, expanding at a CAGR of around 7%. Increasing applications across residential, commercial, and industrial sectors further fuel this upward trend.
Companies Covered
(Covid 19 Impact Covered)
◍ SPX
◍ Kelvion Holding
◍ Baltimore Aircoil Company
◍ Evapco Group
◍ EBARA
◍ Luoyang Longhua
◍ Honeywell
◍ NewAir
◍ Hessaire
◍ Hitachi
◍ Prem-I-Air
◍ North Storm Air Wave Coolers
◍ Celcius Design
◍ Bonaire Group (Celi Group)
◍ Delta Cooling Towers
◍ Celtic Cooling
◍ Eco Cooling
◍ Enexio Water Technologies
The evaporative cooling market features key players like SPX, Kelvion, and Honeywell, promoting energy efficiency and sustainability. Companies leverage innovative technologies, expand product lines, and enhance services to drive market growth. Major firms emphasize eco-friendly designs, while revenue figures include:
- SPX: $1.5 billion
- Honeywell: $34 billion
- EVAPCO: $500 million.
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Market Segmentation
By Application
◍ Residential Use
◍ Commercial Use
◍ Industrial Use
◍ Confinement Farming
◍ Others
By Product
◍ Direct Evaporative Cooling
◍ Indirect Evaporative Cooling
◍ Two-stage Evaporative Cooling
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$ 10962.23 Million
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