(EnergyIndustry.Net, September 05, 2019 ) Market Overview What are the growth factors of the global evaporative cooling market? • Evaporative cooling enables firms to gain cooling benefits without having an adverse effect on the environment. It is imperative for firms to adopt sustainable practices for their production and HVAC operations, in order to mitigate the risks of global warming and environmental pollution. The growth of the global evaporative cooling market is driven by several factors such as • Increasing demand for a cost-effective cooling solution, Flexibility of evaporative cooling systems, Lower maintenance and operational costs.
Market Segementation The global Evaporative Cooling market is segmented on the basis of several parameters as follows.
By type • Direct Cooling, • Indirect Cooling, and • Two-Stage Cooling By applications • Commercial, • Industrial, • Confinement Farming, • Residential, and • Other Traits By Distribution Channel • Big Box retailers, • HVAC Contractors and • Distributors and Others By Geography • North America, • South America, • Europe, • Asia Pacific and • RoW
Geographical Analysis • Based on application, Industrial Evaporative Cooling is the largest market segment due to growing demand for evaporative cooling system from the power generation and industrial manufacturing sectors of the region. The growth is especially due to its relatively lower price and fewer energy requirements. • Asia-Pacific is the largest commercial market for evaporative cooling system globally. It is expected to grow rapidly during the forecast period due to the industrial cooling system market growth in the Asia-Pacific region along with the steady economic development in the region. • Big Box retail stores, including Home Depot and Lowe’s, have a tremendous impact on the market and sell 65-80% of all ECs. They overwhelmingly carry and sell Aspen-type units, favouring items that are proven biggest sellers. Due to low demand, they currently carry few, if any, EC systems that qualify for PG&E’s rebate.
Company profiles • The major players in the global Evaporative Cooling market include • Delta Cooling Towers Inc., • Baltimore Aircol Company, • Condair Group, • Others
Key Takeaways • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. • This report on the global evaporative cooling market helps to do the following • Visualize the composition of the Evaporative Cooling market across each indication, in terms of type and applications, highlighting the key commercial assets and players. • Identify commercial opportunities in Evaporative Cooling by analyzing trends and co-development deals. • Excel data sheet with thousands of data points of the Evaporative Cooling market – level 4/5 segmentation • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study • Product mapping in excel for the key Evaporative Cooling products of all major market players
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