Portable Evaporative Air Cooler Market Size, Share, Growth and Industry Analysis by Type (Automatic, And, Semi-Automatic) By Application (Commercial, And Household), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Portable Evaporative Air Cooler Market REPORT OVERVIEW

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The global portable evaporative air cooler market size was USD 384.22 million in 2021 and market is projected to touch USD 824 million by 2031, at a CAGR of 7.93% during the forecast period.

Portable evaporative air coolers are devices that are very small and compact units which are present on the wheel. As they are placed on a wheel, they can be easily moved from one room to another. This device can also be placed on a deck with the availability of power connection. Rather than cooling the entire house or building they cool the place they are situated in. These products are in high demand everywhere.

Portable air coolers have a very compact structure that make them portable. They can very easily be handled without much complications. This is considered as the latest trend in the market.

These air coolers consume very less amount of power. They are considered to highly efficient in their performance. Better standard of living among people has also helped in the market development. All of these factors have become the primary drivers of the portable evaporative air cooler market growth.

COVID-19 impact:  Increased Work from Home for Employees Increased Market Growth

The outbreak of pandemic of COVID-19 brought about many changes in every sector and industry. One such change that was noticeable during the pandemic was shift of employment of people’s work from on site to work from home.

Due to lockdowns and other rules which were imposed by the government, work from home became very prevalent. As people started to spend much of their time in their houses, portable evaporative air coolers became a necessity. These devices can easily cool a place in a short period of time. This increased the demand for the product amidst the pandemic situation.  

LATEST TRENDS

"Ease of Using Portable Evaporative Coolers to Increase Market Growth"

These devices can be very easily put to use. The ease of handling these devices is increasing the market growth. The portable evaporative air coolers are small and lightweight in nature. As a result of which they are portable and can be carried around very easily.

They are easy to operate as well as handle. Another important advantage of using evaporative coolers is that they are highly versatile in their functioning.  They not only cool the environment around but they also reduce the humidity. Portable air coolers make use of refrigerants and are highly efficient as compared to fixed air coolers.

Portable Evaporative Air Cooler Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments.

Automatic, and, semi-Automatic. The automatic type is the segment that is expected to lead the market during the forecast period.

• By Sales channel:

Classification based on application is as follows:

Commercial, and household. The commercial segment is expected to lead the market during the forecast period.

DRIVING FACTORS

"Less Consumption of Energy by These Air Coolers to Increase Market Growth"

The most important advantage of using portable air coolers is that they consume very less energy compared to air conditioners or fixed coolers. These devices are based on a procedure which removes and completely absorbs moisture from the surrounding atmosphere.

People are now becoming aware of the affordability of these devices. They are considered to be effective energy savers as well because they consume very less amount of energy. They use a technique of using pads to soak, absorb, and remove moisture from the surrounding environment.  The efficiency of these devices is driving the portable evaporative air cooler market share.

"Changing Lifestyle of People All Over the World to Amplify Market Growth"

Recently, the lifestyle of people has experienced a drastic change. Many factors like urbanization, commercialization, and adoption of numerous smart technologies have played an important role in changing the standard of living of people.  

When compared to other devices like air conditioners, and fixed coolers these portable devices are highly advanced in their functions. With the upgradation of lifestyle of the customers, the demand for compact portable coolers has seen a considerable rise. These devices provide extreme comfort to its users by cooling the atmosphere. The above-mentioned factors have played an important role in amplifying the growth and development of the market.

RESTRAINING FACTOR

"Environmental Concerns Regarding the Usage of Portable Air Coolers to Decrease Market Growth"

The major disadvantage that is associated with the usage of portable air coolers is that they are not environmentally friendly. They can cause pollution with the emission of certain pollutants. Government also has imposed many stringent rules regarding the usage of such devices as they can harm the nature.

These devices release chlorofluorocarbons (CFLs), that can cause ozone depletion resulting in global warming.  Another restraint that can deteriorate the market growth is the growing pressure on manufacturers to produce the devices with very low prices. All of these factors can hamper the market growth.

Portable Evaporative Air Cooler Market Regional Insights

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"North America to Dominate Market During Forecast Period"

North America is predicted to become the largest market share holder in the portable evaporative air cooler market. This can be due to several reasons like expanding construction, and, infrastructure market. Rapid urbanization has changed the lifestyle of people globally. 

With the growing number of infrastructures, installation of portable air coolers has also increased significantly. Commercialization of these devices has led to their implementation in common households as well. As they are very affordable the consumer base in North America is expanding very rapidly.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Symphony (Keruilai) (India)
• Bajaj Electricals (India)
• New Air (Luma Comfort) (U.S.)
• Media (Canada)
• Aolan (Indonesia)
• Lianchuang (India)
• Ken star (Worldwide) (India)
• Honeywell (U.S.)
• SPT (U.S.)
• Hessaire (U.S.)
• Jinghui (China)
• Khaitan (India)

Report Coverage

The report provides an insight into the global industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. FAQs have also been given to outline the report. The key industry players in the market has also been given mentioned to give an idea of the competition in the market.