Global Air Cooler Market By Type (Dessert, Tower, and Other Types), By Application (Commercial and Residential), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Air Cooler Market Overview:

In 2021, the global Air Cooler market was valued at USD 1,480 million. It is forecast to grow at a CAGR of 10.7% between 2023 and 2032.

The market’s growth is due to its efficiency and affordability, outdoor usage, lower power consumption, and product innovation. Additionally, the product is eco-friendly and acts as a humidifier in dry conditions.

Global Air Cooler Market Analysis

Type Analysis

In 2021, the market’s largest share was held in Tower. The market share of Tower is expected to increase at 11.3% CAGR over the forecast period. This is due to its attractive design and compact nature. Tower Air Cooler appeal to consumers because they are easy to transport and are less expensive.

They can be used in both dry and moist environments, making them a favorite choice. They use less power and have a smaller water tank, making them more affordable in nature. Because they consume less power, they can be used inverter-operated without interruptions due to power cuts.

The forecast period will see significant growth in dessert Air Cooler as well as other Air Cooler, such as window, personal, or mini portable coolers. The larger size of the dessert cooler meant that it had a greater cooling capacity. This was why it occupied the second largest market share for 2021.

To preserve its cooling capacity, it should be kept out of direct sunlight. If kept in direct sunlight, it can affect the cooling capability. Due to its cooling ability, this product type uses more electricity than tower coolers.

Application Analysis

The residential segment held a significant market share in 2021 and is expected to see the fastest growth during the forecast period. Residential demand will be driven by growing disposable income from the middle class and rising temperatures. Because they are less expensive and use less energy, Air Cooler is increasingly popular among rural residents.

The application of Air Cooler in open-air applications where ACs cannot fit is driving product demand in the commercial segment. The commercial segment is also seeing a rise in Air Cooler due to the use of ACs that have different refrigerants. Central ACs and Air ducts are better for cooling because commercial space is more expensive. Retailers and grocery stores have shown interest in adopting Air Cooler due to the rising temperature and desire for a cooler work environment.

Key Market Segments

By Type

• Dessert
• Tower
• Other Types

By Application

• Commercial
• Residential

Market Dynamics

Global cooling product demand is increasing due to an increase in demand for eco-friendly, energy-efficient, and low-power cooling solutions. Air Cooler work on the principle of evaporation.

It works by pulling fresh air from the outside through a wet cooling pad. The pads absorb heat from the surroundings and do not dry them like ACs. It does not use harmful cooling agents like HCFC, CFC, or other hydrofluorocarbons as AC cools the environment. This makes it eco-friendly. Consumers are increasingly turning to Air Cooler due to concerns about AC’s impact on energy consumption.

Air Cooler take up space and don’t fit in with the design of the room, so consumers are reluctant to choose them. This concern was recognized by manufacturers who have designed Air Cooler with smaller, sleeker designs and more stylish. The manufacturers are making the coolers more powerful to fit in larger rooms. Additionally, they are easier to maneuver with the help of the castor wheel. Portability and easy installation are two of the reasons Air Cooler is so popular.

Air Cooler does not work well in coastal or humid environments, which is limiting the market growth. But product innovation is increasing its demand in developing economies. The market is expanding at a faster pace in both developed and developing economies as technologically advanced products become more popular.
Remote control functions are becoming more common than the older ones. They allow you to quickly access settings, fan speed, and other settings. cooling pads also known as Cellulose cooling pads, are reducing maintenance costs and increase cooling capacity.

Regional Analysis

The Asia Pacific was the biggest market, accounting for 58% of 2021. The region’s rising temperature and climate change will drive significant growth. Because of the preference for a cooler working environment and the availability of cheaper cooling products, Air Cooler is being increasingly used in both residential and commercial settings. India was the Asia Pacific region’s biggest market in 2021, thanks to its large middle class. India is also the fastest-growing market due to the increasing number of manufacturers and the competitive pricing.

A dry and hot climate in Central and South America, Africa, and the Middle East will lead to high demand for air cooling products. Central and South America have a steppe climate, while Africa and the Middle East have higher temperatures. This will lead to a greater demand for cooling products. Air Cooler is eco-friendly, and therefore more in demand.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

In the industry, players strategize how to expand globally through entering niche markets via mergers, acquisitions, or joint ventures. Symphony bought Munters Keruilai Air Treatment Equipment Co. Ltd. to expand its reach into China.

Маrkеt Кеу Рlауеrѕ:

• Honeywell International Inc.
• Symphony Limited
• Havels India Limited
• Bajaj Electricals Limited
• Luma Comfort
• Aolan (Fujian) Industry Co., Ltd.
• Seeley International Pty Ltd.
• De’Longhi Appliances S.r.l.
• Other Key Players

For the Air Cooler Market research study, the following years have been considered to estimate the market size: