Global Air Cooler Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Air Cooler Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Air Coolers are low-cost, eco-friendly, and energy-efficient alternatives to air conditioners. Air coolers helps to cool air through the evaporation of water and are easy to use. They operate with maximum efficiency with free flow of fresh air and adequate ventilation and they consume less amount of electricity without producing any harmful gases.

Market Overview:

The latest research study on the global Air Cooler market finds that the global Air Cooler market reached a value of USD 1638.08 million in 2022. It’s expected that the market will achieve USD 2655.58 million by 2028, exhibiting a CAGR of 8.39% during the forecast period.

Intense market competition

The Air Cooler market is highly competitive and product homogeneity is serious. The growth rate of supply far exceeds the growth rate of demand, and it is extremely difficult for enterprises to occupy the market and expand development.

The real estate market is sluggish and demand is weak

There is a lag period between air cooler sales and real estate sales. At present, the real estate industry is in a downturn in many countries. The demand for residents to buy real estate and investment property is weakened. In the long run, the air cooler market has a great impact.
Changes in Residential Air Cooler prices have also had a major impact on air-conditioning consumption. When Residential Air Cooler prices rose, the consumption of home appliances, including air cooler, and automobile consumption all showed a trend of slowing growth.

Market demand continues to grow

Evaporative cooling is particularly suitable for climates where air heat and humidity are low. For example, evaporative coolers are popular in cities such as Denver, Salt Lake City, and Albuquerque. In dry and dry climates, the installation and operating costs of evaporative coolers can be much lower than the installation and operating costs of refrigerated air conditioners, typically by about 80%. Some evaporative coolers can also be used as humidifiers. As a result, the demand for air coolers continues to rise in many dry climates, fueling the development of air coolers.

Online marketing is growing rapidly

The development of e-commerce has promoted the sales of air cooler and reduced the cost of sales. At the same time, for many players, the Internet has promoted its brand influence and laid a good foundation for the open market.

Region Overview:

In 2022, the share of the Air Cooler market in China stood at 19.82%.

Company Overview:

Kenstar is one of the major players operating in the Air Cooler market, holding a share of 11.23% in 2023.

Kenstar

Kenstar India Private Limited provides electronic appliances. The Company offers food processors, mixer grinders, water heaters, and air coolers.

Symphony Limited

Symphony Ltd. manufactures a wide range of air coolers. The Company's products include evaporative air coolers, air conditioners, and water heaters. Symphony Limited was awarded the Guinness World Record for creating the world's largest functional air cooler. The company has set a high standard of 108 trademarks, 49 registered designs, 7 copyrights and 8 patents, defining the gold standard for air cooling.

Segmentation Overview:

Among different product types, Tower Air Cooler segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Residential Air Cooler, with a market share of 65.39% in 2022.

Key Companies in the global Air Cooler market covered in Chapter 3:

Symphony Limited
Honeywell
Luma Comfort
Hessaire Products, Inc
Bajaj Electricals
McCoy
Fujian Jinghui Environmental Technology Co., Ltd
NewAir
Seeley International Pty Ltd
Blue Star Limited
Kenstar
Orient Electric
Aolan (Fujian) Industry Co., Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Air Cooler market from 2018 to 2029 is primarily split into:

Tower Air Cooler
Desert Air Cooler
Personal Air Cooler
Window Air Cooler

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Air Cooler market from 2018 to 2029 covers:

Residential Air Cooler
Commercial Air Cooler
Industrial Air Cooler

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)