North America Evaporative Cooler Market
No. of Pages: 110 | Report Code: BMIRE00028251 | Category: Manufacturing and Construction
No. of Pages: 110 | Report Code: BMIRE00028251 | Category: Manufacturing and Construction
Rising Adoption of Evaporative Coolers in Data Centers fuels North America Evaporative Cooler Market
Earlier, data centers were constructed in cooler environmental regions. Moreover, the adoption of liquid cooling systems for data centers is increasing in the US. According to the survey done by Informa Engage in association with Dell Technologies, in 2020, ~37% of respondents already adopted evaporative cooling over conventional computer room air conditioner (CRAC)/computer room air handler (CRAH), an increase of 6% from 2017. 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. Therefore, the growing adoption of evaporative coolers for data centers is fueling the growth of the North America evaporative cooler market.
North America Evaporative Cooler Market Overview
The evaporative cooler market in North America is segmented into the US, Canada, and Mexico. Global warming has resulted in a rise in temperature across North American countries, which is creating a demand for eco-friendly cooling solutions. As refrigerant air cooler is one of the causes of increasing global warming, people are adopting evaporative coolers as an eco-friendly alternative.
In addition, the increasing construction activities, such as building residential and commercial spaces, are creating the demand for evaporative coolers across North America. Also, these coolers provide eco-friendly cooling, which is increasing its demand in North America. The number of single-family homes and privately‐owned housing under construction increased to the highest level in North America since 2010. According to the US Census Bureau and the US Department of Housing and Urban Development's new residential construction statistics, privately‐owned housing completions recorded an annual rate of 1,309,000 in February 2022, an increase of 5.9% from the January estimate of 1,236,000. Furthermore, in February 2022, single‐family housing completions recorded a rate of 1,034,000; 12.1% higher than that of January 2022 at 922,000. Similarly, according to Jonas Construction Software Inc, the construction sector in Canada is expected to be worth more than US $ 430 billion and is expected to grow at 8.5% by 2024. Thus, the growing residential construction activities in the region are expected to fuel the evaporative cooler market growth during the forecast period.
Strategic insights for the North America Evaporative Cooler provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 859.83 Million |
Market Size by 2028 | US$ 1,164.70 Million |
Global CAGR (2022 - 2028) | 5.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Evaporative Cooler refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Evaporative Cooler Market Segmentation
The North America evaporative cooler market is divided into type, application, and country.
Based on type, the North America evaporative cooler market is segmented into direct evaporative cooling, indirect evaporative cooling, and two-stage evaporative cooling. The direct evaporative cooling segment held the largest North America evaporative cooler market share in 2022.
Based on application, the North America evaporative cooler market is segmented into residential, commercial, industrial, and confinement farming. The industrial segment held the largest North America evaporative cooler market share in 2022.
Based on country, the North America evaporative cooler market is segmented into the US, Canada, and Mexico. The US dominated the North America evaporative cooler market share in 2022.
Baltimore Aircoil Co; CoolBoss LLC; Honeywell International Inc; Munters Group AB; Phoenix Manufacturing Inc; Pinnacle Climate Technologies Inc; SPX Technologies Inc; and Symphony Ltd are the leading companies operating in the North America evaporative cooler market.
The North America Evaporative Cooler Market is valued at US$ 859.83 Million in 2022, it is projected to reach US$ 1,164.70 Million by 2028.
As per our report North America Evaporative Cooler Market, the market size is valued at US$ 859.83 Million in 2022, projecting it to reach US$ 1,164.70 Million by 2028. This translates to a CAGR of approximately 5.2% during the forecast period.
The North America Evaporative Cooler Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Evaporative Cooler Market report:
The North America Evaporative Cooler Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Evaporative Cooler Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Evaporative Cooler Market value chain can benefit from the information contained in a comprehensive market report.