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United States Evaporative Cooler Market Share 2024-2032

04-30-2024 11:33 AM CET | Energy & Environment

Press release from: Inkwood Research

UNITED STATES EVAPORATIVE COOLER MARKET

UNITED STATES EVAPORATIVE COOLER MARKET

According to Inkwood Research, the United States evaporative cooler market is on a trajectory of significant growth, with forecasts indicating a steady CAGR of 5.20% during the period from 2024 to 2032. By the end of this forecast period, the market is expected to achieve a revenue milestone of $1917.01 million.

This growth is reflective of increasing adoption of evaporative cooling technologies, which are appreciated for their energy efficiency and eco-friendliness compared to traditional cooling systems.

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Key players in the United States evaporative cooler market include Baltimore Aircoil Company Inc., Honeywell International Inc., SPX Technologies Inc., Vertiv Holdings Co., Symphony Limited, Munters Group AB, Portacool LLC, and Kelvion Thermal Solutions Holding GmbH. These companies are pivotal in driving innovation and expansion in the market through their robust product offerings and strategic initiatives.

The market size of evaporative coolers in the United States is expanding due to several factors. Firstly, the rising temperatures and extended periods of heat in many parts of the country are increasing the demand for cooling systems that are both effective and environmentally sustainable. Evaporative coolers meet these requirements by using water evaporation for cooling, which significantly reduces energy consumption and costs.

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Furthermore, market growth is also being supported by advancements in evaporative cooling technologies that enhance performance and customer satisfaction. These innovations include improved materials that increase water absorption and retention, more efficient and quieter fans, and smarter controls that optimize operation based on weather conditions and occupancy levels.

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Trends within the United States evaporative cooler market also point towards an increased integration of these systems with smart home technologies, allowing for more precise control and monitoring, which further boosts their attractiveness to consumers. As these trends continue to evolve, they are expected to drive further growth and market expansion in the coming years, reinforcing the United States' position as a significant player in the global evaporative cooler market.

Inkwood Research
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