NA Evaporative Cooling Market Size

North America Evaporative Cooling Market Analysis

The NA Evaporative Cooling Market size is estimated at USD 1.76 billion in 2024, and is expected to reach USD 2.29 billion by 2029, growing at a CAGR of 5.38% during the forecast period (2024-2029).

• North American region has been witnessing a surge in the overall number of initiatives for sustainable energy management. Hence, traditional air conditioning is not a feasible option. This crucial factor is boosting the popularity of evaporative cooling, which is becoming the most effective option for cooling large open spaces or areas.
• Various government standards have been implemented within the region, especially in the United States, for efficient energy utilization across commercial and industrial sectors with evaporative cooling techniques. Therefore, Natural Resources Canada is considering a rise in the minimum energy performance standards (MEPS) for evaporative-cooled products to align with the MEPS in the United States for those classes of products. As evaporative cooling utilizes a natural process, namely reducing air temperature by evaporating water on it, they are the preferred alternative over traditional cooling technologies.
• Evaporative coolers offer several key benefits to end users, including cost-effectiveness, energy savings, low maintenance, and operational requirements, besides being multifunctional (can be used in an open environment for cooling, air purification, and ventilation). Thus, owing to favorable regulations for sustainable energy across the region, advancements in technologies and their benefits compared to traditional cooling techniques are significantly driving the market studied.
• The other significant driver for the United States is the rise in the adoption of evaporative coolers in data centers. The demand for data centers is increasing at a rapid pace in the country, with the adoption of digital content, Big Data, and e-commerce. Keeping these facilities constantly functional is mandatory, especially for multinational companies operating in this space. In addition to reliability, the industry is seeking various energy-efficient solutions that have the potential to lower operational costs and reduce carbon emissions from data center operations.
• However, the dependency of evaporative cooling technologies on the external climate could be a major point of concern that can overall limit the growth of the market.
• The sudden COVID-19 pandemic outbreak caused the adoption of strict lockdown laws across several nations, which has mainly led to the temporary closure of many manufacturing facilities and fluctuations in demand for evaporative cooling systems. During the post-COVID-19 scenario, the market is expected to witness ample opportunities for growth throughout the forecast period significantly, especially due to the rise in the demand for the data center within the region.