How Big Is the Evaporative Cooling Market | Current Trends and Future Forecast 2025

Q: How big is the evaporative cooling market?

The market is expected to surpass USD 20.8 billion by 2031, with substantial growth driven by increased energy-efficient cooling adoption.

Q: What is driving growth in the evaporative cooling market?

Energy efficiency, increasing heatwave intensity, and government incentives for sustainable cooling are fueling market demand.

Q: Which application segments are driving evaporative cooling market expansion?

Industrial facilities and commercial buildings—especially in hot, dry climates—are the major adopters of evaporative cooling systems.

Q: Who are the key players in the evaporative cooling market?

Leading companies include Munters Group, SPX Cooling Technologies, Seeley International, Baltimore Aircoil Company, and Colt Group.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA6692

Publication Date: Jul 2025

How Big Is the Evaporative Cooling Market?

According to 6Wresearch internal database and industry insights, the Global evaporative cooling market was valued at USD 13.5 billion in 2024 and is projected to surpass USD 20.8 billion by 2031, registering a CAGR of 12.30%.

The market is expanding due to the rising need for sustainable cooling solutions, lower electricity usage compared to conventional air conditioners, and increased commercial and industrial applications in dry climatic regions.

Growth Factors of the Evaporative Cooling Market

Energy efficiency is growing among commercial and residential cooling applications.
Expansion of cooling requirements in industry (e.g. in manufacturing, and food processing).
Expansion of data centers requiring environmentally friendly thermal management.
Urban heat island effects increasing demand in cities with dry and arid weather.
Environmental regulations promoting low-emission cooling solutions.
Government agencies and initiatives supporting green technology and low energy consumption products.

Evaporative Cooling Market Trends

The evaporative cooling market is also experiencing a shift in supply and demand towards cooler and hybrid products that employ evaporative and traditional cooling together. Recent construction activities in mostly dry areas have also fostered demand for centralized evaporative coolers in shops, hospitals, and commercial towers. The demand for compact residential or personal coolers that incorporate IoT-enabled controls and greater mobility is growing, too.

Emerging Developments in the Evaporative Cooling Market

The Evaporative Cooling Market is seeing supply and demand for biodegradable and antimicrobial cooling pads as more players are making investments in research into biodegradable and antimicrobial cooling pads. Additionally, automation, remote monitoring, and the supply of patches to connect product control to HVAC systems are significantly altering product offerings. Partnerships between manufacturers and smart city developers are also significantly advancing development in the space.