Evaporative Cooling Market by Type, Application, and Geography - Forecast and Analysis- 2023-2027

Published: Dec 2022

Pages: 156

SKU: IRTNTR74760

Snapshot

Evaporative Cooling Market Forecast 2023-2027

The evaporative cooling market is estimated to grow by USD 2.01 billion at a CAGR of 7.86% between 2022 and 2027. The market is thriving due to rising residential construction, driving demand for cost-effective cooling solutions. Product innovation enhances portfolios and premiumizes offerings, integrating smart technology and sustainable materials. Growing environmental awareness fuels the demand for eco-friendly, energy-efficient systems, align with stringent regulations. These factors collectively propel market growth, promising a sustainable future for evaporative cooling technologies.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This report provides a detailed analysis of the market by Type (Indirect evaporative cooling, Direct evaporative cooling, and Two-stage evaporative cooling), Application (Industrial, Confinement farming, Residential, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

By Type

The market share growth of the indirect evaporative cooling segment will be significant during the forecast period. This method prevents the direct mixing of outdoor and indoor airflows by cooling indoors with outdoor air. Indoor air is drawn from the room and circulated through the heat recovery before being returned to the room. Cold outside air is drawn through the heat recovery and immediately removed. Thus, without directly mixing the two streams, the heat recovery device transfers cold thermal energy from the outdoor air to the indoor air. This approach offers suitability in critical conditions and hence will be a key driver during the forecast period.

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The indirect evaporative cooling segment was valued at USD 1.65 billion in 2017 and continued to grow until 2021. The approach is suitable for critical conditions because the possibility of indoor air being damaged by ambient air pollutants is low because indoor air never mixes with outdoor air. In addition, it allows the outside air to flow through the heat recovery at a much higher rate than the air circulating inside, removing even more cooling from the system. Growing demand for indirect evaporative cooling will drive segment growth during the forecast period. Thus, such factors affect the growth of the market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The North American market accounted for the largest share of the market. The main factors driving the North American market are increased demand for indoor air cooling equipment and increased consumer awareness of using eco-friendly and related products. Additionally, the need for home air conditioners coupled with rising electricity prices will increase the demand for evaporative air coolers in the region during the forecast period. Thus, the regional market is expected to grow during the forecast period.

Market Dynamics

The Evaporative Cooling Market is witnessing remarkable growth as a sustainable alternative to traditional air conditioning systems. Aligned with stringent government standards, particularly in the United States and supported by initiatives by Natural Resources Canada, evaporative cooling solutions adhere to minimum energy performance standards (MEPS), ensuring eco-friendly operation.

Evaporative coolers are renowned for their cost-effectiveness and significant energy savings, making them an attractive option for various sectors including the Commercial Sector encompassing hospitals, movie theaters, airports, hotels, and malls. With their low maintenance requirements and ability to meet diverse operational requirements, including those of data centers, digital content, and e-commerce, these systems provide reliable cooling while minimizing operational costs and carbon emissions. As preferred choices among small to medium enterprises and HVAC companies, evaporative coolers offer multifunctional capabilities and contribute to the overall sustainability efforts of the industry.

The growing residential construction activity is notably driving the market growth, although factors such as stringent government standards and regulations may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The residential construction activity surge significantly propels market expansion, particularly evident in developed nations like the US. Over the past three years, there has been substantial market growth, attributed chiefly to the advent of contemporary housing, improved economic circumstances, and heightened consumer purchasing power. Although progress remains gradual, new home constructions and acquisitions in the US are steadily rising.

This upswing in the construction sector anticipates a surge in demand for evaporative air coolers both in the US and globally in the forecast period. Economic expansion and heightened housing demand across various US states are anticipated to drive substantial growth in the construction industry during this timeframe. With a surge in residential sector demand, market growth is poised to gain momentum in the forecast period.

Significant Market Trend

Increased adoption of omnichannel distribution and multi-channel marketing is one of the major market trends. The market has been strengthened by the growth of the e-commerce sales channel and the adoption of multi-channel business models. The online channel expands the visibility of the products. Although the online segment accounts for a smaller share of the market, the segment is expected to be promising, with faster growth compared to the offline segment. Increased access to the Internet, the proliferation of mobile Internet devices, and consumer awareness are driving online sales of home appliances (including portable evaporative coolers).

Online shopping is also convenient thanks to faster home delivery and secure 24/7 electronic transactions. This reduces the waiting time at the store and the queue in physical retail stores. It also reduces the transport of cash to home. Hectic lifestyle also limits the purchase of home appliances through offline distribution channels due to lack of time. This increases the use of e-commerce portals to buy evaporative coolers.

Major Market Challenge

Stringent government standards and regulations are the major challenges impeding market growth. Evaporative cooler manufacturers must comply with certain government regulations in different regions. sellers must comply with various federal, state, and other government rules and regulations. These regulations relate to energy, product descriptions, packaging or labeling, user-related hazards or safety issues, and product life cycle. For example, in Europe, the European Commission has established product labeling regulations for household appliances (including evaporative air coolers). These products must have energy efficiency ratings and product information. Implementation of these regulations will make it difficult for manufacturers to penetrate the potential market, which will limit the growth of the market during the forecast period.

Customer Landscape

The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Evaporative Cooling Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ATE Private Ltd. - The company offers evaporating cooling systems namely IDU Series as its key offerings. The company's product portfolio includes textile engineering, teraspin precision spinning machinery components, value-enhancing systems, and flow technology.

The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:

Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is witnessing substantial growth due to its efficiency in air conditioning, particularly in large open spaces, aligning with government standards for energy utilization. In the United States, initiatives by Natural Resources Canada enforce minimum energy performance standards (MEPS), promoting the adoption of evaporative coolers over traditional cooling technologies. With cost-effectiveness and significant energy savings, evaporative cooling systems require low maintenance and meet multifunctional operational requirements. They cater to diverse sectors such as data centers, digital content, e-commerce, ensuring reliability while minimizing operational costs and carbon emissions.

In the Commercial Sector, including hospitals, movie theaters, airports, hotels, and malls, evaporative coolers are preferred by small to medium enterprises and HVAC companies, complying with ASHRAE guidelines and eliminating the use of harmful refrigerants like CFCs. Direct evaporative air cooling, employing a fan and dampened sponge-like pad, efficiently delivers cool air into interior spaces via ducts, replacing warm, dry air with cool, moist air, particularly beneficial for commercial construction, warehouses, and private offices, as indicated by the US Census Bureau.

Segment Overview

The market research report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Type Outlook
- Indirect evaporative cooling
- Direct evaporative cooling
- Two-stage evaporative cooling

Application Outlook
- Industrial
- Confinement farming
- Residential
- Others

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Evaporative Cooling Market Scope
Report Coverage	Details
Page number	156
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.86%
Market growth 2023-2027	USD 2.01 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	6.41
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 30%
Key countries	US, China, India, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Amsted Industries Inc., CAREL INDUSTRIES Spa, Celsius Design Ltd., Colt Group Ltd., Condair Group AG, Delta Cooling Towers Inc., EcoCooling Ltd., Energy Wise Solutions, ENEXIO Management GmbH, EVAPCO Inc., Hessaire Products Inc., Honeywell International Inc., Longhua Technology Group, Munters Group AB, NewAir, Premiair Appliances Ltd., SPX Corp., Symphony Ltd., United Metal Products Inc., and ATE Private Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about Companies
Comprehensive analysis of factors that will challenge the growth of market Companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global evaporative cooling market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global evaporative cooling market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Indirect evaporative cooling - Market size and forecast 2022-2027
- Exhibit 34: Chart on Indirect evaporative cooling - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Indirect evaporative cooling - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Indirect evaporative cooling - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Indirect evaporative cooling - Year-over-year growth 2022-2027 (%)

6.4 Direct evaporative cooling - Market size and forecast 2022-2027
- Exhibit 38: Chart on Direct evaporative cooling - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Direct evaporative cooling - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Direct evaporative cooling - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Direct evaporative cooling - Year-over-year growth 2022-2027 (%)

6.5 Two stage evaporative cooling - Market size and forecast 2022-2027
- Exhibit 42: Chart on Two stage evaporative cooling - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Two stage evaporative cooling - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Two stage evaporative cooling - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Two stage evaporative cooling - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Type
- Exhibit 46: Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 47: Chart on Application - Market share 2022-2027 (%)
- Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application
- Exhibit 49: Chart on Comparison by Application
- Exhibit 50: Data Table on Comparison by Application

7.3 Industrial - Market size and forecast 2022-2027
- Exhibit 51: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

7.4 Confinement farming - Market size and forecast 2022-2027
- Exhibit 55: Chart on Confinement farming - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Confinement farming - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Confinement farming - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Confinement farming - Year-over-year growth 2022-2027 (%)

7.5 Residential - Market size and forecast 2022-2027
- Exhibit 59: Chart on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Residential - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027
- Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Application
- Exhibit 67: Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 69: Chart on Market share by geography 2022-2027 (%)
- Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 71: Chart on Geographic comparison
- Exhibit 72: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027
- Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027
- Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 India - Market size and forecast 2022-2027
- Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027
- Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 114: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 116: Overview on factors of disruption

11.4 Industry risks
- Exhibit 117: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 118: Vendors covered

12.2 Market positioning of vendors
- Exhibit 119: Matrix on vendor position and classification

12.3 Amsted Industries Inc.
- Exhibit 120: Amsted Industries Inc. - Overview
- Exhibit 121: Amsted Industries Inc. - Product / Service
- Exhibit 122: Amsted Industries Inc. - Key offerings

12.4 ATE Private Ltd.
- Exhibit 123: ATE Private Ltd. - Overview
- Exhibit 124: ATE Private Ltd. - Product / Service
- Exhibit 125: ATE Private Ltd. - Key offerings

12.5 CAREL INDUSTRIES Spa
- Exhibit 126: CAREL INDUSTRIES Spa - Overview
- Exhibit 127: CAREL INDUSTRIES Spa - Business segments
- Exhibit 128: CAREL INDUSTRIES Spa - Key news
- Exhibit 129: CAREL INDUSTRIES Spa - Key offerings
- Exhibit 130: CAREL INDUSTRIES Spa - Segment focus

12.6 Celsius Design Ltd.
- Exhibit 131: Celsius Design Ltd. - Overview
- Exhibit 132: Celsius Design Ltd. - Product / Service
- Exhibit 133: Celsius Design Ltd. - Key offerings

12.7 Colt Group Ltd.
- Exhibit 134: Colt Group Ltd. - Overview
- Exhibit 135: Colt Group Ltd. - Product / Service
- Exhibit 136: Colt Group Ltd. - Key offerings

12.8 Condair Group AG
- Exhibit 137: Condair Group AG - Overview
- Exhibit 138: Condair Group AG - Product / Service
- Exhibit 139: Condair Group AG - Key offerings

12.9 Delta Cooling Towers Inc.
- Exhibit 140: Delta Cooling Towers Inc. - Overview
- Exhibit 141: Delta Cooling Towers Inc. - Product / Service
- Exhibit 142: Delta Cooling Towers Inc. - Key offerings

12.10 EcoCooling Ltd.
- Exhibit 143: EcoCooling Ltd. - Overview
- Exhibit 144: EcoCooling Ltd. - Product / Service
- Exhibit 145: EcoCooling Ltd. - Key offerings

12.11 ENEXIO Management GmbH
- Exhibit 146: ENEXIO Management GmbH - Overview
- Exhibit 147: ENEXIO Management GmbH - Product / Service
- Exhibit 148: ENEXIO Management GmbH - Key offerings

12.12 EVAPCO Inc.
- Exhibit 149: EVAPCO Inc. - Overview
- Exhibit 150: EVAPCO Inc. - Product / Service
- Exhibit 151: EVAPCO Inc. - Key offerings

12.13 Honeywell International Inc.
- Exhibit 152: Honeywell International Inc. - Overview
- Exhibit 153: Honeywell International Inc. - Business segments
- Exhibit 154: Honeywell International Inc. - Key news
- Exhibit 155: Honeywell International Inc. - Key offerings
- Exhibit 156: Honeywell International Inc. - Segment focus

12.14 Munters Group AB
- Exhibit 157: Munters Group AB - Overview
- Exhibit 158: Munters Group AB - Business segments
- Exhibit 159: Munters Group AB - Key offerings
- Exhibit 160: Munters Group AB - Segment focus

12.15 SPX Corp.
- Exhibit 161: SPX Corp. - Overview
- Exhibit 162: SPX Corp. - Business segments
- Exhibit 163: SPX Corp. - Key offerings
- Exhibit 164: SPX Corp. - Segment focus

12.16 Symphony Ltd.
- Exhibit 165: Symphony Ltd. - Overview
- Exhibit 166: Symphony Ltd. - Product / Service
- Exhibit 167: Symphony Ltd. - Key offerings

12.17 United Metal Products Inc.
- Exhibit 168: United Metal Products Inc. - Overview
- Exhibit 169: United Metal Products Inc. - Product / Service
- Exhibit 170: United Metal Products Inc. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 171: Inclusions checklist
- Exhibit 172: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 173: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 174: Research methodology
- Exhibit 175: Validation techniques employed for market sizing
- Exhibit 176: Information sources

13.5 List of abbreviations
- Exhibit 177: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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