Air Cooler Market Size, Share, Growth, and Industry Analysis, By Type (Tower Type, Desert Type, Personal Type, Window Type and Room Type), By Application (House, Office and Other Places), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Air Cooler Market REPORT OVERVIEW

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The global air cooler market size was USD 1749.7 million in 2021 and market is projected to touch USD 3155.8 million by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2021 to 2031.

Although air coolers may not offer the same level of overall cooling as an air conditioner, they will nonetheless protect you from the summer heat and perspiration. Additionally, compared to air conditioners, coolers have benefits including being portable, affordable, and simple to maintain. Choose from a variety of coolers from Crompton to get the right one for your house. Before choosing a cooler, features such the speed condition, the area that needs to be cooled, the portability of the cooler, the water level controller, and the indicator must be taken into account. Evaporative or swamp coolers, commonly referred to as coolers, use water to chill the air. Particles on the water's surface are swept away by air as it passes over it. The air can cool because these particles carry away the heat. This is the primary working principle of air coolers. To learn more about them, keep reading the article.

COVID-19 Impact: Pandemic Induced Lockdowns to Hinder Market Growth

The second COVID-19 wave, which ordered lockdowns and movement restrictions, has had a negative effect on the sector. The demand for air coolers has decreased, practically mirroring last season. The second wave of COVID-19 pandemic containment measures have once again had an impact on the cooler business, a seasonal industry with peak summer sales. The mounting instances and lockdowns have hampered the efforts for the second season in a row, despite producers and traders' hopes for improved demand and a rebound during the last year. Everything came to a standstill as the national lockdown was declared by the central authority. This time, the situation has improved a little. Lockdowns at the state or district level due to the weather have averted a total lockdown situation, permitting the sale and delivery of air coolers in some regions of the nation.

LATEST TRENDS

"Solar Powered Evaporative Coolers to Propel Market Growth"

It is predicted that evaporative air conditioners driven by solar energy would become more and more common. In the years to come, the global air cooler market is expected to rise as the cost of solar-powered coolers declines and environmental consciousness among consumers increases.

Air Cooler Market SEGMENTATION

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• By Type

Based on type; the market is divided into tower type, desert type, personal type, window type and room type.

In terms of product, tower type is the largest segment.

• By Application

Based on application; the market is divided into house, office and other places.

In terms of application, house is the largest segment.

DRIVING FACTORS

"Reduced Space Occupied by the Machinery to Augment Market Growth"

The term refers to an established and widely used technique in the evaporative cooling industry. The primary end use markets for coolers are commercial kitchens, warehouses, and the residential sector. Due to rising environmental awareness and declining utility costs, the residential sector is projected to be among the top end users of coolers globally. In the upcoming years, portable evaporative coolers are projected to become more common in the domestic market. As they can be mounted on the wall to save space on the floor, stationary evaporative cooler demand is also anticipated to increase. Evaporative air coolers are also reasonably priced, making them accessible to a wider range of people and small businesses.

"Reduced Carbon Footprint to Enhance Market Sales"

Evaporative coolers reduce their carbon footprint by using less electricity, which benefits the environment. It also means lower utility costs, making it a financially viable choice for those in the middle class. In the years to come, this aspect is anticipated to fuel demand for coolers. Additionally, these coolers use simply water as a refrigerant rather than any form of chemical refrigerants. As a result, the ozone layer is not harmed by these coolers. These factors are anticipated to propel market air cooler market growth.

RESTRAINING FACTORS

"Hideous Designs of the Machinery to Impede Market Expansion"

The issue that consumers have with conventional air coolers is that they take up a lot of room and may not fit the intended aesthetics, which has been recognised by many manufacturers. The goal of many manufacturers and product designers has been to create coolers that are more aesthetically pleasing, smaller, and sleeker.

Air Cooler Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Due to Climate Change in the Region"

Asia Pacific dominates the market and owns largest air cooler market share. Asia Pacific have witnessed considerable change in the climate over the last couple of years, which has impacted the lives of people in these two geographies in more than one way. The change in climate has resulted in soaring of temperatures in these two regions, which is likely to play a crucial role in the development of the coolers in these regions.  These coolers are economically priced, which makes these coolers popular amongst the vast middle-class population these regions.

KEY INDUSTRY PLAYERS

"Increased Applicability in Product Among Market Players to Boost Market Growth"

Players also prioritise making their products useful in humid or coastal locations, which increases the applicability of their offerings. The market for evaporative air coolers is expected to rise as a result. This thorough research provides a thorough analysis of the market. The major market participants are listed in this section of the study. This section explains how market participants cooperate and employ strategies to combat competition. The reader will be able to recognise the footprints and manufacturers by looking at the global revenue of all manufacturers for the forecast period. This Advanced research offers a thorough analysis of the market, including development patterns, planned aspects, expanding prospects, risks/challenges, and landscape investigation. It also addresses the factors that have led to new market entrants in light of the adjustments made in this industry.

List of Market Players Profiled

• Symphony (India)
• Kenstar (India)
• Bajaj Electricals (India)
• Orient Electric (India)
• Europace (Germany)
• Takada (Japan)
• Keye (U.S.)
• Ifan (India)

KEY INDUSTRY DEVELOPMENT

January, 2020: The US-based Baltimore Air coil Company launched Nexus Modular Hybrid Cooler in the market. This new cooler is one of the very first intelligent hybrid fluid, and plug-and-play cooling system that is made to optimize savings of energy and water and to simplify the design of the system.

REPORT COVERAGE

The market research study on the air cooler market provides information and analysis on the significant factors that would govern during the anticipated term and their implications for market expansion. The study is a valuable tool for companies and anybody with an interest in the industry as it provides crucial information on the market position for producers of commodity chemicals. The research begins by providing an overview of the industry's definition, applications, and production processes. The article then goes into great detail regarding the leading players in the worldwide industry. The market share and business information for each company are included in the research in this section.