U.S. Evaporative Coolers Market Size - By Type (Direct Evaporative Coolers, Indirect Evaporative Coolers, Hybrid), By Mounting Type (Ground Mounting, Window Mounting, Roof Mounting), By Sales Channel (Online, Offline), End Use & Forecast, 2024- 2032
U.S. Evaporative Coolers Market Size - By Type (Direct Evaporative Coolers, Indirect Evaporative Coolers, Hybrid), By Mounting Type (Ground Mounting, Window Mounting, Roof Mounting), By Sales Channel (Online, Offline), End Use & Forecast, 2024- 2032
U.S. Evaporative Coolers Market size is anticipated to expand at 5% CAGR from 2024 to 2032 propelled by continuous technological advancements. Innovations in materials, design, and control systems are significantly improving the efficiency and performance of evaporative coolers. Smart features, such as remote monitoring and automated controls, for enhanced user experience, are also making cooling systems more appealing to consumers and industries. Additionally, technological strides for addressing energy efficiency concerns and reducing water consumption are leading to the increasing adoption of evaporative coolers as cutting-edge solutions.
Advanced R&D initiatives are contributing to enhanced performance, increased energy efficiency, and the development of specialized models for catering to diverse industrial and residential needs. For instance, in February 2023, scientists at the U.S. Department of Energy (DoE) devised a novel technique of cooling and heating that is more environmentally friendly than conventional technologies to help countries fulfill climate objectives. Furthermore, favorable incentives and regulations for promoting the use of energy-efficient and sustainable solutions will encourage businesses and consumers to invest in evaporative cooling systems, propelling the industry growth.
The U.S. evaporative coolers market is segmented into type, sales channel, end-use, and mounting type.
Based on type, the market share from the indirect evaporative coolers segment is projected to witness over 5.5% CAGR from 2024 to 2032 due to their enhanced efficiency in humid climates. Unlike direct coolers, indirect evaporative coolers maintain air moisture levels in humid areas and provide effective cooling while consuming less water and energy to match the growing demand for sustainable and cost-effective cooling solutions. Additionally, the strong emphasis on energy efficiency and sustainable cooling solutions will drive the product adoption, especially in regions with higher humidity levels.
In terms of mounting type, the U.S. evaporative coolers industry from the ground mounting segment is estimated to grow at over 5.5% CAGR from 2024-2032 attributed to its flexibility and suitability for various applications. Ground mounting type renders easy installation on the ground for offering versatility in positioning units in outdoor spaces or industrial settings. Benefits, such as accessibility and adaptability, will further contribute to the increasing preference for ground-mounting evaporative coolers in diverse environments.
With respect to end use, the U.S. evaporative coolers market from the industrial segment is set to witness high demand between 2024 and 2032, due to the surging need for cost-effective and energy-efficient cooling solutions. Industrial settings, with their large spaces and heat-generating processes, require enhanced cooling capacity provided by evaporative coolers. The ability of evaporative coolers to lower temperatures while promoting sustainability to match the strong focus on eco-friendly practices across the industrial sector will also fuel the market growth.