
Air Coolers Market Size, Share & Trends Analysis Report By Type (Tower, Dessert), By Application (Residential, Commercial), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 - 2025
Description
Air Coolers Market Size, Share & Trends Analysis Report By Type (Tower, Dessert), By Application (Residential, Commercial), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 - 2025
Air Coolers Market Growth & Trends
The global air coolers market size is expected to reach USD 2.5 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 10.8% over the forecast period. The market growth is attributed to affordability and
efficient cooling, less power consumption as compared to AC, usage in outdoor space, and product innovation. Moreover, the
product acts as a humidifier in dry weather and is environment and eco-friendly, thereby driving its demand.
Increasing demand for energy efficient, low power consuming, and eco-friendly cooling products is driving the market demand
across the globe. These operate through the principle of evaporation. It uses simple air moving technique that pulls fresh
air from outside driving through wet cooling pads, which absorb the heat from the surrounding and does not make it dry like
ACs.
Air cooler does not use any harmful cooling agents such as CFC, HCFC, and other hydrofluorocarbons used in AC to cool the
surrounding, thereby making it more eco-friendly. Growing concerns over energy consumption by ACs are increasing the
inclination of consumers towards air coolers. They lower approximately 80% - 90% of electricity bill as compared to ACs, thus
making them economical and energy efficient in the longer run.
Air coolers are not efficient to be used in humid and coastal areas, which is acting as a restraint to the market growth.
However, product innovation is boosting the demand among developing economies. Technologically advanced products are
penetrating the market in both developed and developing economies at a higher rate.
Remote control function for quick access to settings, speed of fan, and multi speed setting are finding it place in the
market at higher rate than tradition air coolers. Innovative cooling pads such as Honeycomb also known as Cellulose cooling
pad are decreasing the maintenance cost and increasing the cooling capacity.
By type, the air coolers market is segmented as tower, dessert, and others. Tower accounted for the largest market share in
2018. It is anticipated to register the fastest CAGR of 11.7% over the forecast period owing to the stylish design and
compact nature. Consumers are more inclined towards these product types as they are easily portable and more economical.
Moreover, they are compatible in dry as well as humid air, thereby making it a preferred choice among consumers.
Dessert air cooler and other air coolers such as personal, window, and mini portable air coolers are expected to witness
significant growth over the forecast period. Dessert cooler held the second largest share in the market owing to its cooling
capacity as it is larger in size. It needs to be kept outside the room to maintain its cooling capacity, if kept inside the
room, the cooling capacity is affected.
By application, the market is segmented into residential and commercial. Residential accounted for the largest share of 80.0%
in 2018 and is anticipated to witness the fastest growth over the forecast period. Rising temperature and increasing
disposable income of growing middle class are expected to fuel the product demand in the residential segment.
Product demand is growing in the commercial segment due to its application in open air functions, where ACs cannot be
installed. However, air ducts and central air conditioners are preferred for cooling as commercial space has a larger area.
Groceries and retailer stores have showcased interest in adoption of air coolers owing to growing temperature and preference
for cooler working environment.
Asia Pacific was the largest market in 2018, accounting for a share of 60.0%. The region is anticipated to witness
significant growth owing to increasing temperature and substantial climate change. Demand is driven by adoption of air
coolers in the residential as well as commercial sectors due to preference for cooling working environment and economically
cheaper cooling product. In Asia Pacific, India holds the largest market share owing to large middle class population.
Moreover, the country is the fastest growing market in the region owing to increasing number of manufacturers and competitive
pricing.
Players in the industry strategize to expand globally by entering into niche markets through mergers and acquisitions and
joint ventures. For instance, Symphony acquired Munters Keruilai Air Treatment Equipment Co., Ltd. to expand its reach in
China.
Air Coolers Market Report Highlights
Air Coolers Market Growth & Trends
The global air coolers market size is expected to reach USD 2.5 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 10.8% over the forecast period. The market growth is attributed to affordability and
efficient cooling, less power consumption as compared to AC, usage in outdoor space, and product innovation. Moreover, the
product acts as a humidifier in dry weather and is environment and eco-friendly, thereby driving its demand.
Increasing demand for energy efficient, low power consuming, and eco-friendly cooling products is driving the market demand
across the globe. These operate through the principle of evaporation. It uses simple air moving technique that pulls fresh
air from outside driving through wet cooling pads, which absorb the heat from the surrounding and does not make it dry like
ACs.
Air cooler does not use any harmful cooling agents such as CFC, HCFC, and other hydrofluorocarbons used in AC to cool the
surrounding, thereby making it more eco-friendly. Growing concerns over energy consumption by ACs are increasing the
inclination of consumers towards air coolers. They lower approximately 80% - 90% of electricity bill as compared to ACs, thus
making them economical and energy efficient in the longer run.
Air coolers are not efficient to be used in humid and coastal areas, which is acting as a restraint to the market growth.
However, product innovation is boosting the demand among developing economies. Technologically advanced products are
penetrating the market in both developed and developing economies at a higher rate.
Remote control function for quick access to settings, speed of fan, and multi speed setting are finding it place in the
market at higher rate than tradition air coolers. Innovative cooling pads such as Honeycomb also known as Cellulose cooling
pad are decreasing the maintenance cost and increasing the cooling capacity.
By type, the air coolers market is segmented as tower, dessert, and others. Tower accounted for the largest market share in
2018. It is anticipated to register the fastest CAGR of 11.7% over the forecast period owing to the stylish design and
compact nature. Consumers are more inclined towards these product types as they are easily portable and more economical.
Moreover, they are compatible in dry as well as humid air, thereby making it a preferred choice among consumers.
Dessert air cooler and other air coolers such as personal, window, and mini portable air coolers are expected to witness
significant growth over the forecast period. Dessert cooler held the second largest share in the market owing to its cooling
capacity as it is larger in size. It needs to be kept outside the room to maintain its cooling capacity, if kept inside the
room, the cooling capacity is affected.
By application, the market is segmented into residential and commercial. Residential accounted for the largest share of 80.0%
in 2018 and is anticipated to witness the fastest growth over the forecast period. Rising temperature and increasing
disposable income of growing middle class are expected to fuel the product demand in the residential segment.
Product demand is growing in the commercial segment due to its application in open air functions, where ACs cannot be
installed. However, air ducts and central air conditioners are preferred for cooling as commercial space has a larger area.
Groceries and retailer stores have showcased interest in adoption of air coolers owing to growing temperature and preference
for cooler working environment.
Asia Pacific was the largest market in 2018, accounting for a share of 60.0%. The region is anticipated to witness
significant growth owing to increasing temperature and substantial climate change. Demand is driven by adoption of air
coolers in the residential as well as commercial sectors due to preference for cooling working environment and economically
cheaper cooling product. In Asia Pacific, India holds the largest market share owing to large middle class population.
Moreover, the country is the fastest growing market in the region owing to increasing number of manufacturers and competitive
pricing.
Players in the industry strategize to expand globally by entering into niche markets through mergers and acquisitions and
joint ventures. For instance, Symphony acquired Munters Keruilai Air Treatment Equipment Co., Ltd. to expand its reach in
China.
Air Coolers Market Report Highlights
- By type, tower accounted for the largest share in 2018 due to stylish design and compact nature
- India held the largest market share in Asia Pacific in 2018 owing to large middle class population, increasing
- Key players operating in the global air coolersmarket include Symphony Limited; Bajaj Electricals Limited; Havels
Table of Contents
80 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
- Chapter 3. Air Cooler Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter’s
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.6. Roadmap of Air Cooler Market
- 3.7. Market Entry Strategies
- Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Product Adoption
- 4.4. Observations & Recommendations
- Chapter 5. Air Cooler Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2018 & 2025
- 5.2. Tower Cooler
- 5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 5.3. Dessert Cooler
- 5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 5.4. Others Cooler
- 5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- Chapter 6. Air Cooler Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2018 & 2025
- 6.2. Residential
- 6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 6.3. Commercial
- 6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- Chapter 7. Air Cooler Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2018 & 2025
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.2.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.2.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.2.4. The U.S.
- 7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.2.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.2.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.3.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.3.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.3.4. Germany
- 7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.3.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.3.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.3.5. U.K.
- 7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.3.5.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.3.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.4.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.4.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.4.5.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.4.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.5.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.5.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.5.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.6. Middle East & Africa (MEA)
- 7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.6.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.6.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- 7.6.4. Nigeria
- 7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
- 7.6.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
- 7.6.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
- Chapter 8. Competitive Analysis
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2018
- Chapter 9. Company Profiles
- 9.1. Symphony Limited
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. Bajaj Electricals Limited
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Havels India Limited
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. Honeywell International Inc
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Aolan (Fujian) Industry Co.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. Luma Comfort
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. AirGroup,
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Seeley International Pty Ltd.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. Fujian Jinghui Environmental Technology Co.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. De’Longhi Appliances S.r.l.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.