Global Air Coolers Market: Industry Analysis and Forecast 2021-2027: By Type, Application and Region.

Global Air Coolers Market is anticipated to reach US$ 2.23 Bn by 2027 from US$ 1.20 Bn in 2019 at a CAGR of 10.9% during a forecast period.

Global Air Coolers Market Overview

Air coolers are a cost-effective, environment-friendly, and energy-saving alternative to air conditioners. Air coolers are simple to operate and help to cool the air by evaporating water. They run at full efficiency thanks to the unrestricted flow of fresh air and proper ventilation, and they use less energy while emitting no hazardous gases. Global Air Coolers Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. Where 2019 is considered a base year to forecast the market from 2021 to 2027. However, 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe.

Global Air Coolers Market Dynamics

The capacity to cool efficiently and affordably while using less energy is a significant element driving this market's growth. Other growing factors include air coolers that do not utilize hazardous cooling agents that are used in air conditioners to cool the environment, making them more eco-friendly. In addition, the growing need for energy-efficient, low-power-consumption, and highly flexible devices are driving the growth of the air cooler market. The air cooler market is growing due to rising hot weather conditions across the globe, as well as growing ergonomic designs for both residential and commercial use. With growing concerns about energy consumption, air conditioning is one of the major opportunities that is expected to impact market growth during the forecast period. Consumers are hesitant to use air coolers since they take up space and do not match the room's interior. Thus, many manufacturers have recognized this as a problem and are developing air coolers that are smaller, slimmer, and more attractive. Manufacturers are innovating to make it more powerful so that it can be utilized in large spaces and is easy to move about with the help of the castor wheel. Besides that, the ease of installation and mobility of air coolers are driving up demand. Air coolers are 80 percent to 85 percent less expensive than air conditioners, making them more accessible and adaptable to the middle-class population.

COVID-19 Impact on Global Air Coolers Market

The COVID-19 epidemic has had a negative impact on the air cooler market due to government-imposed lockdowns throughout the world. For example, Symphony Ltd, the market's largest participant, had its earnings drop by 93.33 percent in the quarter ending in June 2020. However, due to the hot weather and customers' shifting preferences from local air coolers to branded air coolers, air coolers are expected to see significant growth. Companies are expected to increase production as a result of the economy's gradual opening following the COVID-19 outbreak. Air Coolers are widely used in the Asia Pacific, particularly in India and China. Furthermore, sales of coolers have decreased substantially in recent months, limiting market growth as a result of the COVID-19 epidemic.

Global Air Coolers Market Segmentation Analysis

By Application, The residential segment had the highest share in 2019 of 88.0% and is expected to grow rapidly throughout the forecast period. The residential segment is projected to be driven by rising temperatures and an increase in middle-class disposable income. As rural population incomes are growing, air coolers are becoming more popular, with less energy and better price efficiency. The demand for products in the commercial sector has grown due to its application in open-air functions where air-conditioners cannot be installed. Due to rising power costs, merchants and grocery stores started showing interest in the adoption of air coolers. Global Air Coolers Market

Global Air Coolers Market Regional Insights

The Asia Pacific has a market share of 56 percent in 2019. It is expected to grow rapidly throughout the forecast period Air coolers are in high demand due to their use in both residential and commercial applications. Due to its huge middle-class population, India has the greatest market share in the Asia Pacific in 2019. Due to a surge in manufacturers and competitive rates, India is also the region's fastest-growing market. Latin America, on the other hand, is expected to grow slowly due to its hot and dry climate throughout the forecast period. Air coolers are both economic and eco-friendly, which is driving up demand in the region. During the forecast period, growth in the Middle East and Africa is also expected to be slow.

Global Air Coolers Market Scope: Inquire before buying

Global Air Coolers Market Overview

Global Air Coolers Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Global Air Coolers Market Key Players

Symphony Limited Bajaj Electricals LimitedHavels India Limited Honeywell International Inc. • Aolan (Fujian) Industry Co., Ltd. • Luma Comfort • AirGroup, Seeley International Pty Ltd. • Fujian Jinghui Environmental Technology Co., Ltd. • De’Longhi Appliances S.r.l. • Evapolar • Future Home Group • Thane IP Limited • Ontel Products Corporation • HoMedics USA LLC • CoolAir

Frequently Asked Questions

1. What is the projected market size & growth rate of the Global Air Coolers Market? Ans- Air CoolersMarket was valued at USD 1.20 billion in 2019 and is projected to reach USD 2.23 billion by 2027, growing at a CAGR of 10.9% during the forecast period. 2. What are the key driving factors for the growth of the Global Air Coolers Market? Ans- The capacity to cool efficiently and affordably while using less energy is a significant element driving this market's growth. Other growing factors include air coolers that do not utilize hazardous cooling agents that are used in air conditioners to cool the environment, making them more eco-friendly. 3. Which region accounted for the largest Global Air Coolers Market share? Ans- Asia Pacific has a market share of 56 percent in 2019. It is expected to grow rapidly throughout the forecast period. Air coolers are in high demand due to their use in both residential and commercial applications. 4. What makes India a Lucrative Market for the Global Air Coolers Market? Ans- Due to its huge middle-class population, India has the greatest market share in the Asia Pacific in 2019. Due to a surge in manufacturers and competitive rates, India is also the region's fastest-growing market. 5. What are the top players operating in the Global Air Coolers Market? Ans- Symphony Limited, Bajaj Electricals Limited, Havels India Limited, Honeywell International Inc., Aolan (Fujian) Industry Co., Ltd., Luma Comfort, and AirGroup, Seeley International Pty Ltd.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Air Coolers Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Air Coolers Market 3.4. Geographical Snapshot of the Air Coolers Market, By Manufacturer share 4. Global Air Coolers Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Air Coolers Market 5. Supply Side and Demand Side Indicators 6. Global Air Coolers Market Analysis and Forecast, 2019-2027 6.1. Global Air Coolers Market Size & Y-o-Y Growth Analysis. 7. Global Air Coolers Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 7.1.1. Tower 7.1.2. Dessert 7.1.3. Others 7.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 7.2.1. Residential 7.2.2. Commercial 8. Global Air Coolers Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Air Coolers Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 9.1.1. Tower 9.1.2. Dessert 9.1.3. Others 9.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 9.2.1. Residential 9.2.2. Commercial 10. North America Air Coolers Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Air Coolers Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 12. Canada Air Coolers Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 13. Mexico Air Coolers Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 14. Europe Air Coolers Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 15. Europe Air Coolers Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Air Coolers Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 17. France Air Coolers Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 18. Germany Air Coolers Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 19. Italy Air Coolers Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 20. Spain Air Coolers Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 21. Sweden Air Coolers Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 22. CIS Countries Air Coolers Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 23. Rest of Europe Air Coolers Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 24. Asia Pacific Air Coolers Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 25. Asia Pacific Air Coolers Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Air Coolers Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 27. India Air Coolers Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 28. Japan Air Coolers Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 29. South Korea Air Coolers Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 30. Australia Air Coolers Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 31. ASEAN Air Coolers Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 32. Rest of Asia Pacific Air Coolers Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 33. Middle East Africa Air Coolers Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 34. Middle East Africa Air Coolers Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Air Coolers Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 36. GCC Countries Air Coolers Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 37. Egypt Air Coolers Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 38. Nigeria Air Coolers Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 39. Rest of ME&A Air Coolers Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 40. South America Air Coolers Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 41. South America Air Coolers Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Air Coolers Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 43. Argentina Air Coolers Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 44. Rest of South America Air Coolers Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Type , 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Air Coolers Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Bajaj Electricals Limited 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Symphony Limited 45.5. Bajaj Electricals Limited 45.6. Havels India Limited 45.7. Honeywell International Inc. 45.8. Aolan (Fujian) Industry Co., Ltd. 45.9. Luma Comfort 45.10. AirGroup, Seeley International Pty Ltd. 45.11. Fujian Jinghui Environmental Technology Co., Ltd. 45.12. De’Longhi Appliances S.r.l. 45.13. Evapolar 45.14. Future Home Group 45.15. Thane IP Limited 45.16. Ontel Products Corporation 45.17. HoMedics USA LLC 45.18. CoolAir 46.Primary Key Insights

About This Report

Report ID115618
Category Energy & Power
Published DateAug 2021
Updated Date
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