New York, NY, June 07, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Adiabatic Coolers Market By Product Type (Dry Air Cooler, and Liquid Cooler), By Orientation (V- Type, and Horizontal Cooling systems), By Application (Industrial, and Commercial), By End-Use Industry (Oil & Gas, Machinery & Equipment Manufacturing, Chemical Industry, Petrochemical, Food & Beverage, and Others): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026”.
“According to the recent research report, the demand of global Adiabatic Coolers Market size & share expected to reach to USD 823 Million by 2026 from USD 500 Million in 2020, at a compound annual growth rate (CAGR) of 8.3% during the forecast period 2021 to 2026”
Global Adiabatic Coolers Market: Overview
Adiabatic cooling is based on thermodynamic theory, in which energy (heat) is moved from one medium to another as "work" without a mass exchange. As the strain inside a device is reduced, the volume expands, resulting in “work” on the external area. Wetted pads pre-cool the ambient air entering the tower with the Adiabatic cooler. Pre-cooling aids in achieving a temperature that is lower than the ambient dry bulb temperature. This pre-cooled air is then used to chill machine water or some other refrigerant. An adiabatic cooler is a liquid cooler that uses a closed-loop coil to lower the temperature of the inlet air.
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- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- Almeco
- Alfa Laval
- EVAPCO Inc.
- FRIGEL FIRENZE S.p. A.
- Baltimore Aircoil Company Inc.
- Paharpur Cooling Towers Ltd.
- ICS Cool Energy Limited
- The Güntner Group
- SPX Cooling Technologies
- Thermax Global
- The MITA Group
- Vistech Cooling Systems Limited
- Transtherm Cooling Industries Ltd
- Smartcooling technology
- Transcalor and Weatherite Group
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Key questions answered in this report:
- What is the projected market size & growth rate of the Adiabatic Coolers Market?
- What are the key driving factors for the growth of the Adiabatic Coolers Market?
- What are the top companies operative in the Adiabatic Coolers Market?
- What segments are covered in the Adiabatic Coolers Market?
- How can I get free sample report/company profiles of Adiabatic Coolers Market?
Market Dynamics
An increase in demand from end-user industries such as oil & gas, machinery & equipment manufacturing, chemical industry, petrochemical, and food & beverage around the globe is driving the global adiabatic coolers market. Because of the use of renewable power generation and environmentally conscious materials, adiabatic coolers are commonly used in developing countries. As a result, adiabatic cooler demand is likely to increase in the immediate future. The increasing lack of water sources, as well as the difficulty in finding them, is pushing up demand for adiabatic cooling, which can save up to 95% of water. The adiabatic cooler market is expected to expand in response to increased demand for adiabatic coolers in traditional evaporative cooling towers that can remove sufficient heat by evaporation. As people become more aware of the importance of water conservation around the world, the adiabatic cooler market is expected to grow at a faster rate.
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COVID-19 Impact Analysis on Adiabatic Coolers Market
During COVID-19 lockdowns, the adiabatic coolers industry experienced a supply and demand shortage. If COVID-19 pathogens spread across the workforce, plant capacity can be affected unless appropriate preventative measures are taken. As a result of the lockout, the production of adiabatic coolers slowed. The lockdown also hindered the supply chain and logistics, preventing the supply of finished goods and the procurement of raw materials. Since the majority of its production workforce works in on-site roles that cannot be handled remotely, the adiabatic coolers industry may be particularly vulnerable. Furthermore, considering the market's complexities, businesses can need to explore how to provide social distancing in crowded workplaces. Trade controls, market fluctuations, supply chain uncertainty, volatile demand, and labor shortages are all projected to have an effect on the chemical industry as a whole. The global economy and business condition in major sectors around the world have improved since the outbreak of Coronavirus disease (COVID-19) in 2020. The pandemic scenario has also hampered manufacturing operations, trading policies, supply-chain instability, and other global lockout cases. Construction, clothing, textiles, and lamination, which are all primary end-use industries for adiabatic coolers, were also impacted by the situation. Due to weak demand from end-use industries, the high-growth adiabatic coolers market is projected to slow down in 2020. On the other hand, the economy is improving, and enterprises have resumed activities with reduced capabilities and in compliance with government guidelines. The end-use industries are expected to be fully operational by the beginning of 2021, resulting in high demand for adiabatic coolers. As a result, demand for adiabatic coolers is expected to grow rapidly over the next few years. Several applicants from the construction, clothing, textiles, and lamination industries have proposed using adiabatic coolers materials to increase the efficiency of their goods. Doing something more recognizable and appealing to a buyer will help boost sales significantly. This is also used to demonstrate the store's wide range of merchandise or product combinations.
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Global Adiabatic Coolers Market: Segmentation
The global adiabatic coolers market is bifurcated into its product type, orientation, application, and regions. Based on the product type, the market is bifurcated into dry air cooler and liquid cooler. Based on the Orientation, the global market is divided into v- type, and horizontal cooling systems. Based on the application, the global market is divided into industrial, and commercial. Based on the end-use industry, the global market is divided into oil & gas, machinery & equipment manufacturing, chemical industry, petrochemical, food & beverage, and others.
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Regional Analysis
The North America region led the global adiabatic coolers market in 2019, followed by Europe. The North American market's domination can be due to the region's rapid industrialization and rising automobile and transportation industries. In the forecast period, the Asia Pacific market is expected to expand at a significant pace. The rapid growth of the packaging and construction industries in countries like China, India, South Korea, and ASEAN has created a huge demand for adiabatic coolers, propelling the regional adiabatic coolers industry. Furthermore, the booming economies of China and India have increased demand for adiabatic coolers, enhancing the Asia-Pacific region's adiabatic coolers industry. Furthermore, due to increased demand for adiabatic coolers in commercial facilities in Europe, the adiabatic cooler market is expected to rise during the forecast period. In addition, the Middle East and Africa, as well as South America, are expected to boost the adiabatic cooler demand in the coming years.
Detailed findings from the full report “Adiabatic Coolers Market By Product Type (Dry Air Cooler, and Liquid Cooler), By Orientation (V- Type, and Horizontal Cooling systems), By Application (Industrial, and Commercial), By End-Use Industry (Oil & Gas, Machinery & Equipment Manufacturing, Chemical Industry, Petrochemical, Food & Beverage, and Others): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” report at https://www.fnfresearch.com/adiabatic-coolers-market
This report segments the adiabatic coolers market as follows:
Global Adiabatic Coolers Market: By Product Type Segmentation Analysis
- Dry Air Cooler
- Liquid Cooler
Global Adiabatic Coolers Market: By Orientation Segmentation Analysis
- V- Type
- Horizontal Cooling Systems
Global Adiabatic Coolers Market: By Application Segmentation Analysis
- Industrial
- Commercial
Global Adiabatic Coolers Market: By End-Use Industry Segmentation Analysis
- Oil & Gas
- Machinery & Equipment Manufacturing
- Chemical Industry
- Petrochemical
- Food & Beverage
- Others
Key Highlights of this Report:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
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