Evaporative condensing units are heat transfer systems that use water to condense the refrigerant vapor and convert it into liquid. This process is necessary in order to provide cooling to the interior of the building or home. The evaporative condensing unit is designed to cool the air inside the building while using a much lower amount of energy than traditional air conditioning systems. The demand for evaporative condensing units is increasing as more people become aware of their efficiency and environmental benefits. These units are an excellent choice for cooling spaces where air conditioning is not feasible or cost-effective. They are also gaining popularity in commercial settings due to their ability to be used for both cooling and heating purposes. In addition, evaporative condensing units are becoming increasingly popular in green buildings due to their energy efficiency and sustainability. The evaporative condensing unit market is projected to reach USD 1.61 billion by 2026, at a CAGR of 7.2% from 2016 to 2026. Key players in the evaporative condensing unit market, such as Baltimore Aircoil Company Inc., Johnson Controls Inc., and DECSA s.r.l. have launched various products to cater to the diverse needs of customers and expand their presence in the market. In 2015, Baltimore Aircoil Company, Inc., a leading player in the evaporative condensing unit market, launched a new evaporative condenser selection software. Baltimore Aircoil Company, Inc. is a multinational company offering products in heat rejection, thermal storage equipment, and other refrigeration technologies. Evaporative condensing units launched by the company have a low condensing temperature, high-energy efficiency, and reduced environmental impact. In 2016, Johnson Controls Inc. and Tyco, a global fire and security provider, merged to form Johnson Controls plc. to offer consumers varied energy storage products and technologies as well as integrated solutions. In 2015, Johnson Controls Inc. and Shanghai Jianke Building Energy Service Co., Ltd. entered into an agreement to improve the energy efficiency of buildings and achieve sustainable development. The agreement enabled companies to construct energy-efficient buildings by reducing energy consumption by 10% annually. In 2015, DECSA s.r.l. launched CFR evaporative condensers, which are air-cooled condensing units for low-temperature applications in hot climates. Built with Z725 galvanized steel sheets, these condensers offer high corrosion resistance with low energy consumption. The company offers a variety of condensing unit technologies for various applications, such as refrigeration, air conditioning, and heat pump. In 2015, DBT Technologies (Pty) Ltd. (a South African subsidiary of SPX Corporation) and Alstom S & E Africa (Pty) Ltd. (a subsidiary of General Electric) entered into an agreement to work collaboratively on Kusile power plant project located in South Africa. This agreement is expected to strengthen the position of SPX Corporation in the South Africa evaporative condensing unit market.