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Stock impact report

Growing Industrialization and Demand for Process Cooling Solutions Fuel the Use of Evaporative Cooling Market is projected to surpass US$ 11.8 billion by 2034 | FMI Study [Yahoo! Finance]

SPX Technologies, Inc. (SPXC) 
Last spx technologies, inc. earnings: 4/30 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The North American region has been significantly witnessing a surge in the overall number of initiatives for sustainable energy management. Hence, traditional air conditioning is not a feasible option. This crucial factor is boosting the popularity of evaporative cooling, which is becoming the most effective option for cooling large open spaces or areas. NEWARK, Del, Feb. 26, 2024 (GLOBE NEWSWIRE) -- The evaporative cooling market is anticipated to be worth US$ 6.5 billion in 2024. The demand for evaporative cooling is predicted to rise at a CAGR of through 2034. The industry is projected to surpass US$ 11.8 billion by 2034. The increasing demand for energy-efficient cooling solutions is a significant driver for the evaporative cooling industry. With rising concerns about environmental sustainability and energy consumption, evaporative cooling offers an eco-friendly alternative to traditional air conditioning systems. The affordability and simplicity of evaporative cooling systems Show less Read more
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