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Adiabatic Cooler Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

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Aug 2021 | 247 Views
 
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Adiabatic cooler is important equipment used to reduce the heat in surrounding atmosphere. In adiabatic cooler, volume expansion causes the change in air pressure,which is responsible for the reduction of heat.  Adiabatic cooler is used at many commercial places to reduce the heat generated in that place. Data generation centers also use adiabatic cooler to cool the servers.Adiabatic coolers offera wide range of applications in different sectors, such as food &beverages, petrochemical, and chemical industry, where temperature reduction is very important.

Market scope and structure:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Product Type, Application, End-User Industry

  Companies covered

Alfa Laval, Almeco, Baltimore Aircoil Company Inc., EVAPCO, Inc., FRIGEL FIRENZE S.p.A., ICS Cool Energy Limited, Paharpur Cooling Towers Ltd., SPX Cooling Technologies, the Güntner Group, MITA Group, Thermax Global, Transtherm Cooling Industries Ltd, and Vistech Cooling Systems Limited

 Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

COVID-19 scenario analysis:

  • The demand for adiabatic cooler is expected to decrease in 2020 due to low demand from different industries, such as manufacturing, construction, and aerospace,owing to the lockdown imposed by governments of many countries.
  • COVID-19 pandemic has shut-down the production of various products in the adiabatic cooler industry, owing to the prolonged lockdown in major global countries. This has hampered the growth of the adiabatic coolermarket significantly from the last few months,and is likely to continue in 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is estimated to cause a negative impact on the market growth throughout the year.
  • The major demand for equipment and machinery was previously observed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which have been badly affected by the spread of virus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players are expected to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:Market scenario analysis, trends, drivers, and impact analysis

Adiabatic cooler consists of pre-cooling pads, which draw air by running the water over the pads. Adiabatic coolers operate based on adiabatic process. In most of the data centers, adiabatic coolers are usedto control the temperature. The use of adiabatic coolers also helps in saving water as less water is required for the working of adiabatic coolers,thereby increasing theusage of adiabatic coolers across the world. Use of adiabatic cooler also results in saving electricity by almost 40% compared to conventional coolers.

An adiabatic cooler is generally a fan, which is larger in size and is used to draw hot or warm air by using water moistened pads. When evaporation of water present in the pad is completed, the air temperature decreases and the cool air is pushed in the room. This airflow controls the temperature.

A few countries in the world are facing the problem of water shortage over the last few years. As new advanced versions of adiabatic cooler require less water for its working compared to conventional coolers, the companies in that region have started to use to adiabatic cooler for their working. It is expected to be the key driving factor for the growth of the adiabatic cooler market.

New product launch

Many companies in the adiabatic cooler market are trying to develop and bring new products to the market in addition to their existing range of products. These new products are technologically more advanced and efficient compared to the previous range of products. Different latest technologies have been implemented so that these adiabatic coolers provide better performance.

For example, in March 2018, Evapco Inc., a North America-based company that manufacturers heat transfer devices, has launched advanced version of the adiabatic cooler, Eco air series V configuration adiabatic cooler. This product comes with the latest technologies and features that are estimated to drive customer satisfaction. V configuration adiabatic coolers consume less water compared to the traditional evaporative coolers. It uses the water only in the case of ambient temperature conditions. In this adiabatic cooler,Electronically Communicated (EC) motor is used.Further, Italy-based process cooling company Frigel launched technologically advanced version of Ecodry adiabatic cooler. The advantages of evaporative system and dry cooler have been combined during the manufacturing of Ecodry adiabatic cooler.It uses less water for itsoperation.

Key segments covered:

Segments

Sub-segments

Product Type

 

  • Dry Air Cooler
  • Liquid Cooler

Application

 

  • Commercial
  • Industrial

End-User Industry

 

  • Oil & Gas
  • Machinery & Equipment Manufacturing
  • Chemical Industry
  • Petrochemical
  • Food & Beverages
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the adiabatic cooler market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the adiabatic cooler market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the adiabatic cooler market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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