2025 Evaporative Cooling Report: Market Segments, Regional Insights & Top Players

2025 Evaporative Cooling Report: Market Segments, Regional Insights & Top Players

Market Overview

In 2024, the global evaporative cooling market reached USD 6.75 billion. Driven by rising energy costs, demand for eco‑friendly cooling, and efficient industrial applications, the sector is projected to grow to USD 10.81 billion by 2033 at a 5.11% CAGR. Regulatory support, technological innovation, and expanded use in industrial and commercial spaces are fueling this momentum, making evaporative cooling a cost‑effective and sustainable choice.

Study Assumption Years

• BASE YEAR: 2024
• HISTORICAL YEAR: 2019–2024
• FORECAST YEAR: 2025–2033

Evaporative Cooling Market Key Takeaways

• Market Scale & Growth: From USD 6.75 billion in 2024 to USD 10.81 billion by 2033 at 5.11% CAGR.
• Regional Dominance: Asia‑Pacific leads with 39.4% market share in 2024.
• Cooling Type Trends: Direct evaporative cooling holds ~55.7% of the market.
• Channel Leadership: Big‑box retailers command ~58.4% share by value.
• Top Application: Industrial use dominates at ~42.2%.
• Sustainability Boost: Driven by cost‑effectiveness and energy‑efficiency.
• Innovation Surge: Ongoing investments and new product launches are reshaping the market.

Market Growth Factors

1. Rise in Energy Efficiency Demand

Rising energy costs are steering users towards evaporative cooling, a method that utilizes the natural process of water evaporation rather than relying on energy-hungry refrigeration. This approach leads to a dramatic reduction in power consumption—often just a small fraction of what compressor-based systems use—making it a fantastic choice for commercial, industrial, and residential applications. With advancements like improved pads, efficient pumps, and modular designs, the coefficient of performance (COP) and ease of installation are getting even better, solidifying evaporative cooling as a valuable, cost-effective, and sustainable option.

2. Environmental Support & Regulatory Influence

These systems steer clear of harmful refrigerants and produce less carbon dioxide, aligning perfectly with global climate initiatives. Regulatory incentives for green buildings, carbon reduction goals, and energy efficiency are speeding up the adoption of this technology. Importantly, government funding for sustainable infrastructure is boosting its use in sectors like data centers and agriculture. According to IMARC, eco-friendly cooling and lower emissions are major factors driving this trend. Public policies and green certifications are encouraging manufacturers to focus on evaporative technologies to stay competitive.

3. Industrial & Agricultural Demand Expansion

Industrial facilities need dependable, budget-friendly cooling solutions to ensure worker comfort, protect machinery, and maintain processes. The large capacity and low overhead of evaporative cooling make it an ideal fit for factories, warehouses, and data centers. Likewise, agriculture—particularly livestock and greenhouse operations—benefits from the precise temperature and humidity control that enhances productivity and animal welfare. The rapidly modernizing agriculture sector in the Asia Pacific, with a growth rate of around 13.36% CAGR in livestock, is a prime example of this trend. These applications are driving market growth across various segments.

Request for a sample copy of this report: https://www.imarcgroup.com/evaporative-cooling-market/requestsample

Market Segmentation

By Type of Cooling

• Direct Evaporative Cooling: Uses water evaporation to cool air, offering low cost and energy efficiency.
• Indirect Evaporative Cooling: Employs heat‑exchange for cooling without adding humidity—ideal for moisture‑sensitive spaces.
• Two‑stage Evaporative Cooling: Combines indirect and direct stages, enhancing cooling while controlling humidity.

By Distribution Channel

• Big‑box Retailers: Major distribution via large retail chains leveraging bulk infrastructure.
• HVAC Contractors and Distributors: Professional installations via contractors and HVAC supply networks.
• Others: Includes online, specialty vendors, direct B2B channels, etc.

By Application

• Residential: Home cooling using standalone or whole‑house devices.
• Commercial: Cooling for offices, shops, data centers, public spaces.
• Industrial: Large‑scale cooling in factories, plants, warehouses.
• Confinement Farming: Temperature management in high‑density livestock/poultry operations.
• Others: Specialized applications like greenhouses, events, outdoor cooling.

Breakup by Region

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Regional Insights

The Asia Pacific region is at the forefront of the global evaporative cooling market, holding a remarkable 39.4% share in 2024. This surge is largely fueled by rapid industrial growth and advancements in agriculture, particularly in countries like India, China, and Australia. The area is also benefiting from favorable policies, rising temperatures, and a growing emphasis on energy efficiency. Together, these elements solidify Asia Pacific’s leading role and promising growth outlook.

Recent Developments & News

As we move into late 2024, we’re seeing some exciting innovations: Metso has rolled out an upgraded evaporative cooling tower that can effectively lower furnace off gas temperatures with its advanced automatic control system. Meanwhile, MITA has introduced the PME XL open loop tower, which boasts a capacity of 5 MW thanks to its lightweight and corrosion-resistant design. Kaltra is set to launch a next-generation hybrid cooler that features gravity-fed wetting and reduced water consumption. On top of that, Condair’s acquisition of Kuul boosts its capabilities in cellulose and fiberglass media, catering to the needs of data centers and industrial applications. These developments highlight the ongoing technological advancements and strategic consolidations shaping the market.

Key Players

• Baltimore Aircoil Company Inc.
• Bonaire Heating & Cooling
• Celsius Design Limited
• CFW Evapcool
• Colt Group Limited
• Condair Group AG
• Delta Cooling Towers Inc.
• EcoCooling
• ENEXIO Water Technologies GmbH
• Munters Group
• Phoenix Manufacturing Inc.
• SPX Cooling Technologies Inc.

Ask Analyst for Customization:  https://www.imarcgroup.com/request?type=report&id=4965&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No: +1-631-791-1145