Evaporative Cooler Market has been valued at USD 8.86 billion in the year 2021 and it is estimated to reach USD 24.59 billion by the year 2027, with a CAGR of 15% from 2022 to 2027. Evaporative Cooler so-called swamp coolers rely on this principle. By passing outdoor air over water-saturated pads, the water in the pads evaporates, reducing the air temperature by 15°- to 40°F-before it is directed into the home; these are the main factors that have considerably increased the demand for the Evaporative Cooler in the market, thereby driving the huge growth of the Evaporative Cooler market in the upcoming years

Market Drivers and Restraints:

The main factors that have considerably increased the demand for the Evaporative Cooler in the market are mainly due to the Increasing popularity of evaporative air coolers that are powered by solar energy is estimated to come up as an emerging trend. Reducing the price of solar-powered evaporative air coolers and rising environmental awareness amongst people are likely to spell growth for the global evaporative air coolers market in the years to come Increasing temperature globally caused by global warming is the principal factor responsible for growing the demand for the market; these are the main factors that have considerably increased the demand for the Evaporative Cooler in the market, thereby driving the huge growth of the Evaporative Cooler market in the upcoming years

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The report is segmented as:

Evaporative Cooler Market is segmented on the basis of:

By Product (Air Cooling, Evaporative Cooling, Hybrid Cooling, Water Cooling),

By Application (Automotive, Chemical, Food and Beverage, Metalworking, Oil & Gas, Pharmaceutical, Pulp and Paper, Utility and Power)

Geographical Segmentation:

Evaporative Cooler Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and the rest of the world. North America has the dominant share in the Evaporative Cooler due to the adoption of evaporative coolers in the data centers, which are increasing at a high rate in the country and thereby boosting the market growth. These are the main factors that have considerably increased the demand for the Evaporative Cooler in North America, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa will register a slower increase in the Evaporative Cooler Market

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Impact of COVID-19 on the Market

Covid -19 pandemic has affected the growth of business of every sector and it also affected the growth of the Evaporative Cooler market, and temporary lack of growth in export and import activities, which has impacted the rays of Evaporative Cooler market growth. The covid-19 pandemic has impacted hugely on the sales revenue of the Evaporative Cooler market. Due to the government restrictions like lockdown in many countries have shut down the commercial and industrial establishments and also stopped transportation these made huge losses for the Evaporative Cooler market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of coronavirus.

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