Evaporative Condenser Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

By: HDIN Research Published: 2025-04-07 Pages: 96
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Evaporative Condenser Market Summary

Introduction
Evaporative condensers are heat exchange devices that cool high-temperature gaseous refrigerants into liquids by leveraging the evaporation of sprayed water outside coiled tubes, with air as a carrier medium. They combine water and air cooling for efficiency, used in petrochemicals, cold chain logistics, pharmaceuticals, and other industries requiring precise temperature control. Co-flow designs suit high-temperature, humid regions with secondary cooling in packing layers, while counter-flow designs excel in dry, cold climates with air moving opposite the refrigerant flow. The market is driven by industrial cooling needs, energy efficiency demands, and sustainability trends, offering lower operating costs than air-cooled systems. The global evaporative condenser market is estimated at USD 0.9-1.5 billion in 2025, with a projected CAGR of 3.2%-6.2% from 2025 to 2030, reflecting growth in industrial and cold chain applications.

Market Size and Growth Forecast
Valued at USD 0.9-1.5 billion in 2025, the evaporative condenser market is expected to grow at a CAGR of 3.2%-6.2% through 2030. This growth is propelled by industrial expansion and energy-efficient cooling needs, balanced by regional climate variations and competition.
Regional Analysis
Asia Pacific: Growth is estimated at 4.0%-6.5%, with China and India leading due to industrial and cold chain growth. Trends favor energy-saving solutions.
North America: The market grows at 2.5%-4.5%, with the United States driven by petrochemical and pharmaceutical needs.
Europe: Growth is projected at 2.0%-3.5%, with Germany and France focusing on sustainable cooling.
Rest of the World: Growth is 3.5%-6.0%, with the Middle East notable for petrochemical applications.

Application Analysis
Petrochemicals: Growing at 3.5%-6.0%, this segment dominates due to process cooling needs, with trends in energy efficiency.
Cold Chain: With a growth rate of 4.0%-6.5%, it supports food and vaccine storage, driven by logistics growth.
Pharmaceutical: Growing at 3.0%-5.5%, it ensures precise cooling, with trends in biopharma expansion.
Others: Including HVAC, this grows at 2.0%-4.0%, with steady demand.

Key Market Players
SPX: In the US, SPX offers robust evaporative condensers for industrial use.
Baltimore Aircoil Company (BAC): In the US, BAC focuses on energy-efficient cooling solutions.
Evapco: In the US, Evapco targets diverse industrial applications with innovative designs.
Johnson Controls: In the US, it provides integrated cooling systems.
SNOWMAN GROUP: In China, it serves cold chain needs with scalable technology.
MOON-TECH: In China, it focuses on industrial refrigeration solutions.
Shanghai Baofeng Machinery Manufacturing Co. Ltd.: In China, it caters to regional cooling demands.

Porter’s Five Forces Analysis
●Threat of New Entrants: Moderate, due to technical and capital barriers.
●Threat of Substitutes: Moderate, with air-cooled systems competing, but efficiency favors evaporative designs.
●Bargaining Power of Buyers: Moderate, with industrial clients negotiating, but specialized needs limit options.
●Bargaining Power of Suppliers: Moderate, with component supply concentration.
●Industry Rivalry: High, driven by efficiency and cost competition.

Market Opportunities and Challenges
Opportunities
●Cold chain growth in food and pharma boosts demand.
●Energy efficiency trends favor evaporative systems.
●Industrial expansion in Asia Pacific offers potential.

Challenges
●Climate dependency limits adoption in dry regions.
●High maintenance needs increase costs.
●Competition from alternative cooling technologies pressures growth.
Table of Contents
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Evaporative Condenser Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Evaporative Condenser Market in North America (2020-2030)
8.1 Evaporative Condenser Market Size
8.2 Evaporative Condenser Market by End Use
8.3 Competition by Players/Suppliers
8.4 Evaporative Condenser Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Evaporative Condenser Market in South America (2020-2030)
9.1 Evaporative Condenser Market Size
9.2 Evaporative Condenser Market by End Use
9.3 Competition by Players/Suppliers
9.4 Evaporative Condenser Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Evaporative Condenser Market in Asia & Pacific (2020-2030)
10.1 Evaporative Condenser Market Size
10.2 Evaporative Condenser Market by End Use
10.3 Competition by Players/Suppliers
10.4 Evaporative Condenser Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southest Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Evaporative Condenser Market in Europe (2020-2030)
11.1 Evaporative Condenser Market Size
11.2 Evaporative Condenser Market by End Use
11.3 Competition by Players/Suppliers
11.4 Evaporative Condenser Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Evaporative Condenser Market in MEA (2020-2030)
12.1 Evaporative Condenser Market Size
12.2 Evaporative Condenser Market by End Use
12.3 Competition by Players/Suppliers
12.4 Evaporative Condenser Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Evaporative Condenser Market (2020-2025)
13.1 Evaporative Condenser Market Size
13.2 Evaporative Condenser Market by End Use
13.3 Competition by Players/Suppliers
13.4 Evaporative Condenser Market Size by Type
Chapter 14 Global Evaporative Condenser Market Forecast (2025-2030)
14.1 Evaporative Condenser Market Size Forecast
14.2 Evaporative Condenser Application Forecast
14.3 Competition by Players/Suppliers
14.4 Evaporative Condenser Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 SPX
15.1.1 Company Profile
15.1.2 Main Business and Evaporative Condenser Information
15.1.3 SWOT Analysis of SPX
15.1.4 SPX Evaporative Condenser Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Baltimore Aircoil Company (BAC)
15.2.1 Company Profile
15.2.2 Main Business and Evaporative Condenser Information
15.2.3 SWOT Analysis of Baltimore Aircoil Company (BAC)
15.2.4 Baltimore Aircoil Company (BAC) Evaporative Condenser Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Evapco
15.3.1 Company Profile
15.3.2 Main Business and Evaporative Condenser Information
15.3.3 SWOT Analysis of Evapco
15.3.4 Evapco Evaporative Condenser Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Johnson Controls
15.4.1 Company Profile
15.4.2 Main Business and Evaporative Condenser Information
15.4.3 SWOT Analysis of Johnson Controls
15.4.4 Johnson Controls Evaporative Condenser Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 SNOWMAN GROUP
15.5.1 Company Profile
15.5.2 Main Business and Evaporative Condenser Information
15.5.3 SWOT Analysis of SNOWMAN GROUP
15.5.4 SNOWMAN GROUP Evaporative Condenser Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 MOON-TECH
15.6.1 Company Profile
15.6.2 Main Business and Evaporative Condenser Information
15.6.3 SWOT Analysis of MOON-TECH
15.6.4 MOON-TECH Evaporative Condenser Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Shanghai Baofeng Machinery Manufacturing Co. Ltd.
15.7.1 Company Profile
15.7.2 Main Business and Evaporative Condenser Information
15.7.3 SWOT Analysis of Shanghai Baofeng Machinery Manufacturing Co. Ltd.
15.7.4 Shanghai Baofeng Machinery Manufacturing Co. Ltd. Evaporative Condenser Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Abbreviation And Acronyms
Table Research Scope Of Evaporative Condenser Report
Table Data Sources Of Evaporative Condenser Report
Table Major Assumptions Of Evaporative Condenser Report
Table Evaporative Condenser Classification
Table Evaporative Condenser Applications
Table Drivers Of Evaporative Condenser Market
Table Restraints Of Evaporative Condenser Market
Table Opportunities Of Evaporative Condenser Market
Table Threats Of Evaporative Condenser Market
Table Raw Materials Suppliers
Table Different Production Methods Of Evaporative Condenser
Table Cost Structure Analysis Of Evaporative Condenser
Table Key End Users
Table Latest News Of Evaporative Condenser Market
Table Merger And Acquisition
Table Planned/Future Project Of Evaporative Condenser Market
Table Policy Of Evaporative Condenser Market
Table 2020-2030 North America Evaporative Condenser Market Size
Table 2020-2030 North America Evaporative Condenser Market Size By Application
Table 2020-2025 North America Evaporative Condenser Key Players Revenue
Table 2020-2025 North America Evaporative Condenser Key Players Market Share
Table 2020-2030 North America Evaporative Condenser Market Size By Type
Table 2020-2030 United States Evaporative Condenser Market Size
Table 2020-2030 Canada Evaporative Condenser Market Size
Table 2020-2030 Mexico Evaporative Condenser Market Size
Table 2020-2030 South America Evaporative Condenser Market Size
Table 2020-2030 South America Evaporative Condenser Market Size By Application
Table 2020-2025 South America Evaporative Condenser Key Players Revenue
Table 2020-2025 South America Evaporative Condenser Key Players Market Share
Table 2020-2030 South America Evaporative Condenser Market Size By Type
Table 2020-2030 Brazil Evaporative Condenser Market Size
Table 2020-2030 Argentina Evaporative Condenser Market Size
Table 2020-2030 Chile Evaporative Condenser Market Size
Table 2020-2030 Peru Evaporative Condenser Market Size
Table 2020-2030 Asia & Pacific Evaporative Condenser Market Size
Table 2020-2030 Asia & Pacific Evaporative Condenser Market Size By Application
Table 2020-2025 Asia & Pacific Evaporative Condenser Key Players Revenue
Table 2020-2025 Asia & Pacific Evaporative Condenser Key Players Market Share
Table 2020-2030 Asia & Pacific Evaporative Condenser Market Size By Type
Table 2020-2030 China Evaporative Condenser Market Size
Table 2020-2030 India Evaporative Condenser Market Size
Table 2020-2030 Japan Evaporative Condenser Market Size
Table 2020-2030 South Korea Evaporative Condenser Market Size
Table 2020-2030 Southeast Asia Evaporative Condenser Market Size
Table 2020-2030 Australia Evaporative Condenser Market Size
Table 2020-2030 Europe Evaporative Condenser Market Size
Table 2020-2030 Europe Evaporative Condenser Market Size By Application
Table 2020-2025 Europe Evaporative Condenser Key Players Revenue
Table 2020-2025 Europe Evaporative Condenser Key Players Market Share
Table 2020-2030 Europe Evaporative Condenser Market Size By Type
Table 2020-2030 Germany Evaporative Condenser Market Size
Table 2020-2030 France Evaporative Condenser Market Size
Table 2020-2030 United Kingdom Evaporative Condenser Market Size
Table 2020-2030 Italy Evaporative Condenser Market Size
Table 2020-2030 Spain Evaporative Condenser Market Size
Table 2020-2030 Belgium Evaporative Condenser Market Size
Table 2020-2030 Netherlands Evaporative Condenser Market Size
Table 2020-2030 Austria Evaporative Condenser Market Size
Table 2020-2030 Poland Evaporative Condenser Market Size
Table 2020-2030 Russia Evaporative Condenser Market Size
Table 2020-2030 Mea Evaporative Condenser Market Size
Table 2020-2030 Mea Evaporative Condenser Market Size By Application
Table 2020-2025 Mea Evaporative Condenser Key Players Revenue
Table 2020-2025 Mea Evaporative Condenser Key Players Market Share
Table 2020-2030 Mea Evaporative Condenser Market Size By Type
Table 2020-2030 Egypt Evaporative Condenser Market Size
Table 2020-2030 Israel Evaporative Condenser Market Size
Table 2020-2030 South Africa Evaporative Condenser Market Size
Table 2020-2030 Gulf Cooperation Council Countries Evaporative Condenser Market Size
Table 2020-2030 Turkey Evaporative Condenser Market Size
Table 2020-2025 Global Evaporative Condenser Market Size By Region
Table 2020-2025 Global Evaporative Condenser Market Size Share By Region
Table 2020-2025 Global Evaporative Condenser Market Size By Application
Table 2020-2025 Global Evaporative Condenser Market Share By Application
Table 2020-2025 Global Evaporative Condenser Key Vendors Revenue
Table 2020-2025 Global Evaporative Condenser Key Vendors Market Share
Table 2020-2025 Global Evaporative Condenser Market Size By Type
Table 2020-2025 Global Evaporative Condenser Market Share By Type
Table 2025-2030 Global Evaporative Condenser Market Size By Region
Table 2025-2030 Global Evaporative Condenser Market Size Share By Region
Table 2025-2030 Global Evaporative Condenser Market Size By Application
Table 2025-2030 Global Evaporative Condenser Market Share By Application
Table 2025-2030 Global Evaporative Condenser Key Vendors Revenue
Table 2025-2030 Global Evaporative Condenser Key Vendors Market Share
Table 2025-2030 Global Evaporative Condenser Market Size By Type
Table 2025-2030 Evaporative Condenser Global Market Share By Type

Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Evaporative Condenser Picture
Figure 2020-2030 North America Evaporative Condenser Market Size And Cagr
Figure 2020-2030 South America Evaporative Condenser Market Size And Cagr
Figure 2020-2030 Asia & Pacific Evaporative Condenser Market Size And Cagr
Figure 2020-2030 Europe Evaporative Condenser Market Size And Cagr
Figure 2020-2030 Mea Evaporative Condenser Market Size And Cagr
Figure 2020-2025 Global Evaporative Condenser Market Size And Growth Rate
Figure 2025-2030 Global Evaporative Condenser Market Size And Growth Rate

Research Methodology

  • Market Estimated Methodology:

    Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.

1)Top-down & Bottom-up Approach

Top-down approach uses a general market size figure and determines the percentage that the objective market represents.

Bottom-up approach size the objective market by collecting the sub-segment information.

2)Supply & Demand Approach

Supply approach is based on assessments of the size of each competitor supplying the objective market.

Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.

  • Forecasting Methodology
  • Numerous factors impacting the market trend are considered for forecast model:
  • New technology and application in the future;
  • New project planned/under contraction;
  • Global and regional underlying economic growth;
  • Threatens of substitute products;
  • Industry expert opinion;
  • Policy and Society implication.
  • Analysis Tools

1)PEST Analysis

PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.

  • Benefits of a PEST analysis:
  • It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
  • It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
  • It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
  • It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.

2)Porter’s Five Force Model Analysis

The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.

  • Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
  • Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
  • Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
  • Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
  • Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.

3)Value Chain Analysis

Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.

4)SWOT Analysis

SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.

  • Strengths describe what the player excels at and separates it from the competition
  • Weaknesses stop the player from performing at its optimum level.
  • Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
  • Threats refer to factors that have the potential to harm the player.
  • Data Sources
Primary Sources Secondary Sources
Face to face/Phone Interviews with market participants, such as:
Manufactures;
Distributors;
End-users;
Experts.
Online Survey
Government/International Organization Data:
Annual Report/Presentation/Fact Book
Internet Source Information
Industry Association Data
Free/Purchased Database
Market Research Report
Book/Journal/News

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