Air Coolers Market: Global Industry Analysis and Forecast (2021-2027) Size, Share, Growth, Trend
The Air Coolers Market size was valued at US$ 1.47 Bn. in 2020. Global Air Coolers Market is estimated to grow at a CAGR of 10.8% over the forecast period.
Format : PDF | Report ID : SMR_490
Air Coolers Market Overview:
Air coolers, often known as swamp coolers, chill the surrounding environment by evaporating water. Air coolers are ideal for dry areas and can be utilized in any household or commercial environment with enough ventilation and fresh air movement. Personal coolers, desert coolers, wall-mounted coolers, and other air coolers are available in the retail market, depending on the cooling requirement and available space. Air conditioning systems are extensively used across the globe, as they are less expensive and use less energy to operate. Affordability and efficient cooling, lower power consumption than AC, use in outdoor spaces, and product innovation are all contributing to market growth. In addition, the product is environmentally and environmentally friendly, as well as acting as a humidifier in dry weather. The report on the air coolers market is studied and analysed by segment analysis on the basis of type, application and region.
Air Coolers Market Dynamics:
A key factor driving this air coolers market's growth is the ability to cool efficiently and economically while using less energy. Another emerging trend is air coolers that do not use the hazardous cooling agents used in air conditioners to cool the environment, making them more environmentally friendly. The increased demand for energy-efficient, low-power-consumption, and highly flexible gadgets is also propelling the air cooler industry forward. The air cooler industry is growing as a result of increasing hot weather conditions across the globe, as well as more ergonomic designs for both residential and commercial applications. With rising worries about energy usage, air conditioning is projected to be one of the primary prospects influencing air coolers market growth over the forecast period.
demand for energy-efficient, low-power-consuming, and environmentally friendly cooling equipment is increasing globally, which drives growth of air coolers market. The principle of evaporation is used in air coolers. It employs a basic air-moving mechanism that draws fresh air from outside and passes it through wet cooling pads, which absorb heat from the environment rather than dry it out as ACs do. The air cooler does not use any toxic cooling agents like CFC, HCFC, or other hydrofluorocarbons that are commonly used in air conditioners to chill the environment, making it more environmentally friendly. As concerns about air conditioner energy consumption grow, consumers are turning to air coolers. They save between 80% to 90% of the electricity bill when compared to air conditioners, making them more cost-effective and energy-efficient in the long run.
Consumers are afraid to utilize air coolers since they take up too much space and don't complement the style of the room. Many manufacturers have recognized this as a problem and are developing air coolers that are smaller, sleeker, and more elegant. Manufacturers are innovating to make it more powerful so that it can be utilized in large rooms and is easy to move around with the help of the castor wheel. Air coolers are also becoming more popular due to their ease of installation and portability. Air coolers are 80% to 85% less expensive than air conditioners, making them more accessible and adaptable to the world's increasing middle class.
Air coolers are ineffective in humid and coastal environments, which is limiting air coolers market growth. Product innovation, on the other hand, is increasing demand in developing economies. Technologically improved products are infiltrating the market at a faster rate in both developed and developing nations. Remote control functions for quick access to settings, fan speed, and multi-speed setting are becoming more popular than traditional ones on the market. Honeycomb, also known as Cellulose cooling pad, is an innovative cooling pad that reduces maintenance costs while boosting cooling capacity.
Air Coolers Market Segment Analysis:
By Type, the Air Coolers Market is segmented into Tower, Dessert, and Others. The Tower segment dominated the market share with 48% in 2020. Tower air coolers are more popular among consumers since they are more portable and cost less. Furthermore, they are suitable for both dry and humid air, making them a popular choice among consumers. They have a tiny water tank and use less energy, making them more environmentally friendly. Tower coolers need very little space and come in a variety of styles when compared to other types. Tower coolers with a capacity of 5 to 10 liters are typically built for small rooms, but coolers with a capacity of more than 30 liters are typically designed for large spaces. Furthermore, it costs less to install, maintain, and operate than an air conditioner. It's also available in a variety of configurations, including bottom and top loading. These coolers are environmentally friendly, require less energy, and may be used with inverters in the event of a power loss due to their low power consumption.
By Application, the Air Coolers Market is segmented into Residential and Commercial. The Residential segment dominated the market share with 86% in 2020. Rising temperatures and an increase in middle-class disposable income are expected to drive the residential segment. Air coolers, which use less energy and are more cost-effective, are becoming more popular as rural population incomes rise. The use of items at open-air functions where air conditioners cannot be installed has increased demand in the commercial sector. Due to increased energy prices, merchants and grocery shops began to consider the use of air coolers.
Air Coolers Market Regional Insights:
The Asia Pacific region has dominated the air coolers market with a 56% share in 2020. Due to rising temperatures and major climate change in the region, it is expected to grow significantly throughout the forecast period. Due to a preference for cooling working environments and economically less expensive cooling items, air cooler adoption is boosting demand in the residential and commercial sectors. In addition, due to an increase in producers and competitive pricing, India is the region's fastest-growing market.
Due to the dry and hot climate, air coolers are expected to be in great demand across Central and South America, the Middle East, and Africa. The climate in Central and South America is steppe, but the Middle East and Africa experience higher temperatures, resulting in a higher demand for cooling items.
The objective of the report is to present a comprehensive analysis of the Global Air Coolers Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Air Coolers Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Global Air Coolers Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the global market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Air Coolers Market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Global Air Coolers Market. The report also analyses if the Global Air Coolers Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Air Coolers Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Blockchain in the Energy Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Blockchain in the Energy Market is aided by legal factors.
Air Coolers Market Scope:
Air Coolers Market
Market Size in 2020:
US$ 1.47 Bn.
The market size in 2027:
US$ 3.01 Bn.
Air Coolers Market Key Players:
- Symphony Limited
- Bajaj Electricals Limited
- Havels India Limited
- Honeywell International Inc.
- Aolan (Fujian) Industry Co., Ltd.
- Luma Comfort
- Seeley International Pty Ltd.
- Fujian Jinghui Environmental Technology Co., Ltd.
- De’Longhi Appliances S.r.l.
- Future Home Group
- Thane IP Limited
- Ontel Products Corporation
- HoMedics USA LLC
Frequently Asked Questions
The segments covered in the Air Coolers Market report are based on Type and Application.
The Asia Pacific region is expected to hold the highest share in the Air Coolers Market.
The market size of the Air Coolers Market by 2027 is expected to reach at US$ 3.01 Bn.
The forecast period for the Air Coolers Market is 2021-2027.
The market size of the Air Coolers Market in 2020 was valued at US$ 1.47 Bn.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Automotive Fuel Cell Market: Target Audience
2.3. Global Automotive Fuel Cell Market: Primary Research (As per Client Requirement)
2.4. Global Automotive Fuel Cell Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Region, 2021-2027(In %)
4.1.1. North America Market Share Analysis, By Value, 2021-2027 (In %)
4.1.2. Europe Market Share Analysis, By Value, 2021-2027 (In %)
4.1.3. Asia Pacific Market Share Analysis, By Value, 2021-2027 (In %)
4.1.4. South America Market Share Analysis, By Value, 2021-2027 (In %)
4.1.5. Middle East and Africa Market Share Analysis, By Value, 2021-2027 (In %)
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.2. Market Restraints
4.2.3. Market Opportunities
4.2.4. Market Challenges
4.2.5. PESTLE Analysis
4.2.6. PORTERS Five Force Analysis
4.2.7. Value Chain Analysis
4.3. Global Automotive Fuel Cell Market Segmentation Analysis, 2021-2027 (Value US$ MN)
4.3.1. Global Market Share Analysis, By Type, 2021-2027 (Value US$ MN)
4.3.2. Global Market Share Analysis, By Application, 2021-2027 (Value US$ MN)
4.4. North America Automotive Fuel Cell Market Segmentation Analysis, 2021-2027 (Value US$ MN)
4.4.1. North America Market Share Analysis, By Type, 2021-2027 (Value US$ MN)
4.4.2. North America Market Share Analysis, By Application, 2021-2027 (Value US$ MN)
4.4.3. North America Market Share Analysis, By Country, 2021-2027 (Value US$ MN)
4.5. Europe Automotive Fuel Cell Market Segmentation Analysis, 2021-2027 (Value US$ MN)
4.5.1. Europe Market Share Analysis, By Type, 2021-2027 (Value US$ MN)
4.5.2. Europe Market Share Analysis, By Application, 2021-2027 (Value US$ MN)
4.5.3. Europe Market Share Analysis, By Country, 2021-2027 (Value US$ MN)
126.96.36.199. Rest Of Europe
4.6. Asia Pacific Automotive Fuel Cell Market Segmentation Analysis, 2021-2027 (Value US$ MN)
4.6.1. Asia Pacific Market Share Analysis, By Type, 2021-2027 (Value US$ MN)
4.6.2. Asia Pacific Market Share Analysis, By Application, 2021-2027 (Value US$ MN)
4.6.4. Asia Pacific Market Share Analysis, By Country, 2021-2027 (Value US$ MN)
188.8.131.52. South Korea
184.108.40.206. Rest Of APAC
4.7. South America Automotive Fuel Cell Market Segmentation Analysis, 2021-2027 (Value US$ MN)
4.7.1. South America Market Share Analysis, By Type, 2021-2027 (Value US$ MN)
4.7.2. South America Market Share Analysis, By Application, 2021-2027 (Value US$ MN)
4.7.3. US$ MN)
4.7.4. South America Market Share Analysis, By Country, 2021-2027 (Value US$ MN)
220.127.116.11. Rest Of South America
4.8. Middle East and Africa Automotive Fuel Cell Market Segmentation Analysis, 2021-2027 (Value US$ MN)
4.8.1. Middle East and Africa Market Share Analysis, By Type, 2021-2027 (Value US$ MN)
4.8.2. Middle East and Africa Market Share Analysis, By Application, 2021-2027 (Value US$ MN)
4.8.3. Middle East and Africa Market Share Analysis, By Country, 2021-2027 (Value US$ MN)
18.104.22.168. South Africa
22.214.171.124. Rest Of ME&A
Chapter 5 Stellar Competition Matrix
5.1. Global Stellar Competition Matrix
5.2. North America Stellar Competition Matrix
5.3. Europe Stellar Competition Matrix
5.4. Asia Pacific Stellar Competition Matrix
5.5. South America Stellar Competition Matrix
5.6. Middle East and Africa Stellar Competition Matrix
5.7. Key Players Benchmarking
5.7.1. Key Players Benchmarking By Application, Pricing, Market Share, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
5.8. Mergers and Acquisitions in Industry
5.8.1. M&A by Region, Value, and Strategic Intent
Chapter 6 Company Profiles
6.1. Key Players
6.1.1. Symphony Limited
126.96.36.199. Company Overview
188.8.131.52. Source Portfolio
184.108.40.206. Financial Overview
220.127.116.11. Business Strategy
18.104.22.168. Key Developments
6.1.2. Bajaj Electricals Limited
6.1.3. Havels India Limited
6.1.4. Honeywell International Inc.
6.1.5. Aolan (Fujian) Industry Co., Ltd.
6.1.6. Luma Comfort
6.1.7. AirGroup, Seeley International Pty Ltd.
6.1.8. Fujian Jinghui Environmental Technology Co., Ltd.
6.1.9. De’Longhi Appliances S.r.l.
6.1.11. Future Home Group
6.1.12. Thane IP Limited
6.1.13. Ontel Products Corporation
6.1.14. HoMedics USA LLC
6.2. Key Findings