Evaporative Air Coolers Market is valued at approximately USD 6.50 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2022-2028.Evaporating air cooler refers to a type of air conditioner that works by obtaining evaporation energy to lower the ambient temperature. In regions with hot and dry climates where factors such as efficiency and speed are important, the demand for evaporative air coolers is high, thereby uplifting the market over the forecast period. Evaporative air coolers are widely used in residential, commercial, and industrial areas. Change towards luxury lifestyle along with enhanced spending power of the consumers, raises the adoption of air coolers which will benefit the evaporative air cooler market. Emissions from air conditioners are also a cause of global warming, consumers are probing eco-friendly alternatives which will further uplift the sales of the evaporative air cooler market. Consumers in the high humid region along with consumers with high purchasing power prefer air conditioners over evaporative air coolers which may likely hinder the market growth. Manufacturers are launching energy-efficient evaporative air coolers which will boost the sale of the market. For instance, in Feb 2018 SPX Technologies Inc. announced the new Marley MD Everest with a wide range of applications to fulfill HVAC demands.
The key regions considered for the global Evaporative Air Coolers market study include Asia Pacific, North America, Europe, Latin America and the Rest of the World. China is anticipated to dominate the evaporative air cooler market due to the increased adoption of energy-efficient coolers. Factors such as sustainability, cost, and energy efficiency raised the demand for the evaporative air cooler market in countries like the U.S., Mexico, and the Middle East. The rest of the regions are estimated to witness sustained growth of evaporative air coolers during the forecast period.
Major market players included in this report are:
- Symphony Limited
- Bajaj Electrical Limited
- Honeywell International Inc
- Havells India Ltd
- Vertiv Group Corp
- Usha International Limited
- Porta cool LLC
- Seeley International Pty Ltd
- Hessaire Products Inc
- Sky Air Cooler
- Others
Furthermore, years considered for the study are as follows:
Evaporative Air Cooler Market Report Scope and Segmentation |
|---|
| ATTRIBUTES | DETAILS |
|---|
| ESTIMATED YEAR | 2022 |
| BASE YEAR | 2021 |
| FORECAST YEAR | 2030 |
| HISTORICAL YEAR | 2017-2021 |
| UNIT | Value (USD Million/Billion) |
| BY REGION | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
- Stationary Evaporative Air Cooler
- Central Evaporative Air Cooler
- Portable Evaporative Air Cooler
By Material
- Fiber
- Metal
- Stainless Steel
- Plastic
By Application
- Residential
- Commercial
- Industrial
By Region:
- North America
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- The Netherlands
- Norway
- Czech Republic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Northern Africa
- Rest of MEA
Table Of Content
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Evaporative Air Coolers Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Evaporative Air Coolers Market, by Type, 2020-2028 (USD Billion)
- 1.2.3. Evaporative Air Coolers Market, by Material, 2020-2028 (USD Billion)
- 1.2.4. Evaporative Air Coolers Market, by Application, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Evaporative Air Coolers Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Evaporative Air Coolers Market Dynamics
- 3.1. Evaporative Air Coolers Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising adoption of sustainable coolers
- 3.1.1.2. Consume Less Power
- 3.1.2. Market Challenges
- 3.1.2.1. Less efficient in high humid regions
- 3.1.3. Market Opportunities
Chapter 4. Global Evaporative Air Coolers Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Evaporative Air Coolers Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Evaporative Air Coolers Market by Type, Performance – Potential Analysis
- 6.3. Global Evaporative Air Coolers Market Estimates & Forecasts by Type, 2018-2028 (USD Billion)
- 6.4. Evaporative Air Coolers Market, Sub Segment Analysis
- 6.4.1. Stationary Evaporative Air Cooler
- 6.4.2. Central Evaporative Air Cooler
- 6.4.3. Portable Evaporative Air Cooler
Chapter 7. Global Evaporative Air Coolers Market, by Material
- 7.1. Market Snapshot
- 7.2. Global Evaporative Air Coolers Market by Material, Performance – Potential Analysis
- 7.3. Global Evaporative Air Coolers Market Estimates & Forecasts by Material, 2018-2028 (USD Billion)
- 7.4. Evaporative Air Coolers Market, Sub Segment Analysis
- 7.4.1. Fiber
- 7.4.2. Metal
- 7.4.3. Stainless Steel
- 7.4.4. Plastic
Chapter 8. Global Evaporative Air Coolers Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Evaporative Air Coolers Market by Application, Performance – Potential Analysis
- 8.3. Global Evaporative Air Coolers Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)
- 8.4. Evaporative Air Coolers Market, Sub Segment Analysis
- 8.4.1. Residential
- 8.4.2. Commercial
- 8.4.3. Industrial
Chapter 9. Global Evaporative Air Coolers Market, Regional Analysis
- 9.1. Evaporative Air Coolers Market, Regional Market Snapshot
- 9.2. North America Evaporative Air Coolers Market
- 9.2.1. U.S. Evaporative Air Coolers Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2018-2028
- 9.2.1.2. Material breakdown estimates & forecasts, 2018-2028
- 9.2.1.3. Application breakdown estimates & forecasts, 2018-2028
- 9.2.2. Canada Evaporative Air Coolers Market
- 9.3. Europe Evaporative Air Coolers Market Snapshot
- 9.3.1. U.K. Evaporative Air Coolers Market
- 9.3.2. Germany Evaporative Air Coolers Market
- 9.3.3. France Evaporative Air Coolers Market
- 9.3.4. Spain Evaporative Air Coolers Market
- 9.3.5. Italy Evaporative Air Coolers Market
- 9.3.6. Rest of Europe Evaporative Air Coolers Market
- 9.4. Asia-Pacific Evaporative Air Coolers Market Snapshot
- 9.4.1. China Evaporative Air Coolers Market
- 9.4.2. India Evaporative Air Coolers Market
- 9.4.3. Japan Evaporative Air Coolers Market
- 9.4.4. Australia Evaporative Air Coolers Market
- 9.4.5. South Korea Evaporative Air Coolers Market
- 9.4.6. Rest of Asia Pacific Evaporative Air Coolers Market
- 9.5. Latin America Evaporative Air Coolers Market Snapshot
- 9.5.1. Brazil Evaporative Air Coolers Market
- 9.5.2. Mexico Evaporative Air Coolers Market
- 9.6. Rest of The World Evaporative Air Coolers Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Symphony Limited
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Bajaj Electrical Limited
- 10.2.3. Honeywell International Inc
- 10.2.4. Havells India Ltd
- 10.2.5. Vertiv Group Corp
- 10.2.6. Usha International Limited
- 10.2.7. Porta cool LLC
- 10.2.8. Seeley International Pty Ltd
- 10.2.9. Hessaire Products Inc
- 10.2.10. Sky Air Cooler
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
