Evaporative Cooling Market size is projected to reach US$ 9.35 Bn. by 2029 at a CAGR of 4.31%. The global Evaporative Cooling market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Evaporative Cooling report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Overview of Evaporative Cooling:
Evaporative cooling is favored over conventional cooling technology because it relies on a natural mechanism, namely the reduction of air temperature by the evaporation of water. Despite its age, it has emerged as a viable alternative to traditional air conditioning systems in areas where severe cold is not expected. Evaporative cooling works well in areas with good airflow and air movement, such as medium to wide-open spaces. It can be used in small rooms and offices, but it needs sufficient ventilation, which can be achieved by opening doors and windows or by installing mechanical supply fans.Evaporative Cooling Market Dynamics:
The need for a cost-effective cooling solution is growing: One of the major factors driving the global evaporative cooling market is the growing demand for cost-effective cooling solutions. The evaporative cooler uses less energy, making it a more affordable alternative for middle-class families. In the forecast era, this trend is likely to drive demand for evaporative coolers. Furthermore, these coolers use only water and do not use any artificial refrigerants. As a result, these coolers do not exhaust the ozone layer. The evaporative cooler will save you up to 55 % on energy costs and up to 70 % on running costs as compared to a comparable refrigerated air conditioner. Evaporative cooling is both environmentally and economically friendly. By reducing CO2, CFC, and other greenhouse gas emissions, improves air quality. Evaporative coolers are highly efficient and cost-effective cooling devices that, on average, cost less than an air conditioner to run. Furthermore, evaporative coolers are less expensive to operate and maintain than air conditioners. As compared to traditional air conditioners, evaporative coolers use less energy while in operation. The market is hampered by factors such as the need for regular maintenance of machine parts, which involves adjusting cooling pads and inspecting water pumps, fans, and switches.Impact of Covid pandemic on the Global Evaporative Cooling Market:
Due to lockdowns, travel bans, and company closures, the COVID-19 outbreak has impacted economies and businesses in several countries. As a result of the outbreak, the global food and beverage industry is one of the major industries experiencing significant disruptions such as supply chain disruptions, technology event cancellations, and office closures. With the presence of and the largest raw material suppliers, China is the global manufacturing center. Owing to factory closures, supply chain obstacles, and the global economic downturn, the overall demand breakdown caused by COVID-19 is also affecting the growth of the bacon market.Evaporative Cooling Market Segment Analysis:
Based on the type of cooling, the evaporative cooling market is segmented into direct evaporative cooling, indirect evaporative cooling, and two-stage evaporative cooling. In 2022, the indirect evaporative cooling segment is projected to hold the largest market share. In dry climates with high dry bulb temperatures, indirect evaporative systems work exceptionally well. The outside air is used to cool an internal atmosphere without allowing the external and internal airstreams to mix. Internal air is drawn from the room and circulated through the heat recovery unit before being reintroduced to the room, while the cool outside air is drawn through a heat recovery unit and immediately exhausted, while the cool outside air is drawn from the room and circulated through the heat recovery unit before being immediately exhausted.Enhance Capacity of System:
The temperature of the outside air is lowered and even more low-cost cooling is added to the internal atmosphere by humidifying it until it enters the heat recovery device. This increases the system's capacity and makes it reliable even when the outside temperature is higher than the ideal internal room temperature. It also causes the outside air stream through the heat recovery unit to have a much higher velocity than the internally circulated air, allowing the device to "scavenge" even further cooling.
Evaporative Cooling Market Regional Insights:
With a significant CAGR, Asia Pacific accounted for a greater revenue share in the global evaporative cooling market. The adoptions of cloud-based services, growing digitization, and e-commerce integration have been all contributed to the region’s growth. India and Japan are the two largest contributors to the region's business development.Solutions for indirect evaporative cooling in data centers from CAREL:
CAREL (China) provides a wide range of solutions for cooling units in data centers that use the indirect evaporative cooling principle (IEC). CAREL's outstanding solutions for indirect evaporative cooling in data centers are the result of the company's constant focus on high-efficiency technology, which has enabled the company to develop products and systems with unique characteristics that ensure substantial energy savings. On the other hand, various government standards, fast-growing demand for data centers, technological advances, and the popularity of evaporative cooling all contributed to significant market growth in North America during the forecast era. In 2022, a total of US $170 billion was invested in data center infrastructures, with North America (US $ 72.88), Asia and Pacific (US $ 51.60), and the EU accounting for the majority of it (US $37.88). To preserve optimal and effective working conditions, modern data centers employ a range of advanced cooling technologies. The objective of the report is to present a comprehensive analysis of the Global Evaporative Cooling Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Evaporative Cooling Market dynamics, structure by analyzing the market segments and project the global Evaporative Cooling market size. Clear representation of competitive analysis of key players By Type of Cooling, price, financial position, product portfolio, growth strategies, and regional presence in the Global Evaporative Cooling Market make the report investor’s guide.Evaporative Cooling Market Scope: Inquire before buying
Global Evaporative Cooling Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 6.95 Bn. Forecast Period 2023 to 2029 CAGR: 4.31% Market Size in 2029: US $ 9.35 Bn. Segments Covered: by Type of Cooling Direct Evaporative Cooling Indirect Evaporative Cooling Two-stage Evaporative Cooling by Application Residential Applications Commercial Applications Industrial Applications Confinement Farming Other Applications by Distribution Channel Big Box Retailers HVAC Contractors and Distributors Other Distribution Channels Global Evaporative Cooling Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Evaporative Cooling Market Key Players
1.Baltimore Aircoil Company, Inc. 2.Condair Group 3.SPX Cooling Technology, Inc. 4.Colt Group 5.Bonaire 6.Evapco Group 7.Ebara Corporation 8.Luoyang Longhua 9.Hessaire 10.Hitachi 11.Honeywell. 12.Delta Cooling Towers, Inc. 13.Munters Group AB 14.Colt Group Limited 15.Other Key PlayersFrequently Asked Questions:
1. Which region has the largest share in Global Evaporative Cooling Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Evaporative Cooling Market? Ans: The Global Evaporative Cooling Market is growing at a CAGR of 4.31% during forecasting period 2023-2029. 3. What segments are covered in Global Evaporative Cooling market? Ans: Global Evaporative Cooling Market is segmented into Type of Cooling, Application, Distribution Channel and region. 4. Who are the key players in Global Evaporative Cooling market? Ans: The important key players in the Global Evaporative Cooling Market are – Denso Corporation, Hanon Systems, Sanden Holding Corporation, Mitsubishi Heavy Industries Ltd, MAHLE GmbH, Valeo SA, Keihin Corporation, Calsonic Kansei Corporation, Samvardhana Motherson Group, Subros Limited, SMAC Auto Air, TransAir Manufacturing, Eberspacher Group, Marelli Corporation. 5. What is the study period of this market? Ans: The Global Evaporative Cooling Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Evaporative Cooling Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Evaporative Cooling Market 3.4. Geographical Snapshot of the Evaporative Cooling Market, By Manufacturer share 4. Global Evaporative Cooling Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Evaporative Cooling Market 5. Supply Side and Demand Side Indicators 6. Global Evaporative Cooling Market Analysis and Forecast, 2022-2029 6.1. Global Evaporative Cooling Market Size & Y-o-Y Growth Analysis. 7. Global Evaporative Cooling Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 7.1.1. Direct Evaporative Cooling 7.1.2. Indirect Evaporative Cooling 7.1.3. Two-stage Evaporative Cooling 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Residential Applications 7.2.2. Commercial Applications 7.2.3. Industrial Applications 7.2.4. Confinement Farming 7.2.5. Other Applications 7.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.3.1. Big Box Retailers 7.3.2. HVAC Contractors and Distributors 7.3.3. Other Distribution Channels 8. Global Evaporative Cooling Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Evaporative Cooling Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 9.1.1. Direct Evaporative Cooling 9.1.2. Indirect Evaporative Cooling 9.1.3. Two-stage Evaporative Cooling 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Residential Applications 9.2.2. Commercial Applications 9.2.3. Industrial Applications 9.2.4. Confinement Farming 9.2.5. Other Applications 9.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 9.3.1. Big Box Retailers 9.3.2. HVAC Contractors and Distributors 9.3.3. Other Distribution Channels 10. North America Evaporative Cooling Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Evaporative Cooling Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Canada Evaporative Cooling Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Mexico Evaporative Cooling Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Evaporative Cooling Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 15. Europe Evaporative Cooling Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Evaporative Cooling Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. France Evaporative Cooling Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Germany Evaporative Cooling Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Italy Evaporative Cooling Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Spain Evaporative Cooling Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. Sweden Evaporative Cooling Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. CIS Countries Evaporative Cooling Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Rest of Europe Evaporative Cooling Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Evaporative Cooling Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 25. Asia Pacific Evaporative Cooling Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Evaporative Cooling Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. India Evaporative Cooling Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. Japan Evaporative Cooling Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. South Korea Evaporative Cooling Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. Australia Evaporative Cooling Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. ASEAN Evaporative Cooling Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Rest of Asia Pacific Evaporative Cooling Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Evaporative Cooling Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 34. Middle East Africa Evaporative Cooling Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Evaporative Cooling Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. GCC Countries Evaporative Cooling Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Egypt Evaporative Cooling Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Nigeria Evaporative Cooling Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. Rest of ME&A Evaporative Cooling Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Evaporative Cooling Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 41. South America Evaporative Cooling Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Evaporative Cooling Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Argentina Evaporative Cooling Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Rest of South America Evaporative Cooling Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type of Cooling, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Evaporative Cooling Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Condair Group 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Baltimore Aircoil Company, Inc. 45.3.3. SPX Cooling Technology, Inc. 45.3.4. Colt Group 45.3.5. Bonaire 45.3.6. Evapco Group 45.3.7. Ebara Corporation 45.3.8. Luoyang Longhua 45.3.9. Hessaire 45.3.10. Hitachi 45.3.11. Honeywell. 45.3.12. Delta Cooling Towers, Inc. 45.3.13. Munters Group AB 45.3.14. Colt Group Limited 45.3.15. Other Key Players 46. Primary Key Insights