Market Share of NA Evaporative Cooling Industry
The North American evaporative cooling market is semi-consolidated. The market is competitive and consists of various major global players. Based on market share, few of the major players currently dominate the market. These significant players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to maximize their market share and increase profitability.
- November 2023: Metso announced the launch of its enhanced evaporative cooling tower. This innovative solution efficiently cools hot furnace off-gases through evaporation. The tower, typically used in conjunction with a hot electrostatic precipitator or bag filter, effectively lowers the gas temperature from approximately 600-700°C to about 200-350°C. It is important to note that the tower operates dryly, meaning all added water evaporates. The rapid evaporation of small droplets in the tower significantly reduces the required retention time and length, ensuring complete evaporation.
- March 2023: Air2O, a Phoenix-based manufacturer of evaporated cooling systems, has received a generous investment of USD 14.1 million from EREN Groupe. This investment will be utilized to enhance our supply chain logistics, operations, and workforce. We are proud to announce that our innovative solutions have proven to achieve a PUE of lower than 1.1 in Data Centers. Furthermore, we have successfully developed and patented intelligent control systems that adapt to changing external and internal climate conditions across various applications.
North America Evaporative Cooling Market Leaders
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Condair Group AG
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Munters Group AB
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Colt Group
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Phoenix Manufacturing Inc.
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Baltimore Aircoil Company Inc. (BAC)
*Disclaimer: Major Players sorted in no particular order
