Market Trends of Evaporative Cooling Industry
Direct Evaporative Cooling to Hold a Major Share
- By utilizing the latent heat of evaporation, which transforms liquid water into water vapor, direct evaporative cooling reduces the temperature and raises air humidity. It is the most basic, traditional, and widely utilized form of evaporative cooling. These evaporative coolants are anticipated to have a limited niche market in the United States, mainly in the south, where the relative humidity at noon in July is above 40%.
- The direct evaporative cooling systems are also appropriate for applications that require significant heat-load replacement and are willing to use outside air to do it. Their applications are widely used in buildings, warehouses, commercial kitchens, and residential settings with laxer comfort standards. The system requirements, therefore, depend on the end users and the established operational performance criteria. Most buildings' evaporative coolers are natural systems, while some indirect ones are also employed.
- The industrial sector accounts for the largest market share among all end-user applications, driven by the large-scale deployment of direct evaporative coolers. The industrial applications for direct evaporative coolers include Buildings, warehouses, factories, manufacturing units, power generation, oil and gas, construction, and many more.
- Additionally, the industrial sectors implement advanced evaporative cooling systems to foresee the need for maintenance before a problem arises. The most recent cooling technologies, which employ Internet of Things (IoT) techniques, contain sensors, connections, software, and other components that let the system communicate with other connected devices. IoT solutions enhance preventative maintenance by collecting information on equipment status and air quality.
- As a result, many businesses concentrate on direct evaporative cooling (DEC), frequently the most energy-efficient method of cooling a data center. To grow its data center cooling sector, which includes natural evaporative cooling, Munters, for instance, shifted its Virginia staff to the new facility in April 2021. A 365,000-square-foot facility for manufacturing, R&D, and sales was the company's USD 36 million investment target.
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The Asia-Pacific Region to Hold Significant Market Share
- The Southeast Asian region is anticipated to experience a significant demand for AC sales, driven by rising temperatures and rising earnings, expected to reach 300 million units by 2040; it is anticipated that Indonesia will supply half of the world's air conditioning units.
- In addition, research from the International Energy Agency states that cooling equipment sales are dominated by China, the United States, and Japan, with India and Indonesia experiencing the most significant rise. Although China sold over 500 million units in the past ten years, India and Indonesia had a relative increase in demand for air conditioning that was more rapid, with average yearly installations expanding at a pace of over 15% in both countries. (India)
- South Asia is experiencing exponential growth in the demand for air conditioning, driving the need for economic and simple cooling techniques. When considering these nations' targets for reducing carbon emissions, evaporative cooling is one of the finest solutions. Southeast Asia boasts among the Asia-Pacific region's fastest-growing data center marketplaces, although the sustainability of these facilities is still a problem for the area.
- Nevertheless, it is anticipated that in the upcoming years, sustainability will become a key differentiator in Asia between data center providers, particularly as leading tech companies around the world, like Microsoft, Google, and Apple, set standards with carbon neutral and zero sustainability goals and as cutting-edge energy-efficient technology is developed.
- Since data center cooling accounts for between 35% and 40% of overall energy demand, it represents a significant hurdle to sustainability in Asia. Most data centers in the area currently employ air-based cooling, a very ineffective and expensive solution.
- Companies in the area are switching more and more to evaporative cooling techniques. For instance, data centers can be sustainable thanks to cooling technology like evaporative cooling. As data centers become more prominent to accommodate the demands of digitalization, these technologies enable businesses to employ indirect evaporative, direct evaporative, hybrid systems, and liquid cooling to reduce Power Usage Effectiveness (PUE) and overall energy usage.
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