Global Evaporative Cooling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Cooling Type;

Direct Evaporative Cooling, Indirect Evaporative Cooling, and Two-stage Evaporative Cooling.

By Control Type;

Manual, Semi-Automatic, and Fully-Automatic.

By Application;

Residential Applications, Commercial Applications, Industrial Applications, Confinement Farming, and Others.

By Distribution Channel;

Big Box Retailers, HVAC Contractors & Distributors, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)..
Report ID: Rn147468370 Published Date: May, 2025 Updated Date: June, 2025

Evaporative Cooling Market Overview

Evaporative Cooling Market (USD Million)

Evaporative Cooling Market was valued at USD 6,812.66 million in the year 2024. The size of this market is expected to increase to USD 10,656.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.


Global Evaporative Cooling Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.6 %
Market Size (2024)USD 6,812.66 Million
Market Size (2031)USD 10,656.57 Million
Market ConcentrationMedium
Report Pages396
6,812.66
2024
10,656.57
2031

Major Players

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

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Evaporative Cooling Market

Fragmented - Highly competitive market without dominant players


The Evaporative Cooling Market is gaining traction as industries and facilities seek energy-saving and eco-conscious cooling alternatives. These systems deliver over 60% energy savings, making them ideal for sustainable operations. Growing environmental awareness and operational cost pressures are leading to broader acceptance across a range of industrial and commercial environments.

Industrial Applications Driving Demand
Industrial users are increasingly deploying evaporative cooling systems to cut costs and lower emissions. These systems can offer up to 75% reductions in operating costs, especially in expansive facilities like factories and server rooms. Their chemical-free cooling method supports compliance with modern sustainability benchmarks and improves overall workplace conditions.

Innovation and Technology Impact
Recent innovations in smart control technologies and system design have significantly enhanced the performance of evaporative cooling solutions. Advanced systems now offer cooling performance improvements nearing 40%, supported by durable components and energy-optimizing automation. This evolution is helping expand their appeal across diverse building types.

Prospects for Market Expansion
Supportive regulations and the global shift toward sustainable construction practices are enhancing the market outlook. The growing incorporation of water-efficient evaporative technologies supports broader adoption, particularly in eco-certified infrastructure. These developments position the market for continued expansion driven by innovation and policy alignment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Cooling Type
    2. Market Snapshot, By Control Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Evaporative Cooling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency
        2. Environmental Sustainability
        3. Cost Savings
      2. Restraints
        1. Water Usage
        2. Maintenance Costs
        3. Humid Climates
      3. Opportunities
        1. Energy Savings
        2. Environmental Sustainability
        3. Water Efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Evaporative Cooling Market, By Cooling Type, 2021 - 2031 (USD Million)
      1. Direct Evaporative Cooling
      2. Indirect Evaporative Cooling
      3. Two-stage Evaporative Cooling
    2. Evaporative Cooling Market, By Control Type, 2021 - 2031 (USD Million)
      1. Manual
      2. Semi-Automatic
      3. Fully-Automatic
    3. Evaporative Cooling Market, By Application, 2021 - 2031 (USD Million)
      1. Residential Applications
      2. Commercial Applications
      3. Industrial Applications
      4. Confinement Farming
      5. Other Applications
    4. Evaporative Cooling Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Big Box Retailers
      2. HVAC Contractors and Distributors
      3. Other Distribution Channels
    5. Evaporative Cooling Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Celsius Design Limited
      2. Delta Cooling Towers Inc.
      3. CFW Evapcool
      4. Condair Group AG
      5. ENEXIO Water Technologies GmbH
      6. SPX Cooling Technologies
      7. Bonaire
      8. Baltimore Aircoil Company Inc.
      9. Phoenix Manufacturing Inc.
      10. Munters Group AB
      11. Colt Group Ltd
  7. Analyst Views
  8. Future Outlook of the Market