Press release
Evaporative Air Coolers Market Is Growing At A CAGR Of 4.8% From 2022 To 2032
Global Evaporative Air Coolers Industry Current and Future OutlookThe global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
However, with the relaxations in the government regulations and an expedited vaccination drive in countries like China, the U.S., the UK, and India, the Evaporative Air Coolers Market industry is slowly picking up its pace. The manufacturers are preparing to reopen their production sites, abiding by the government regulations.
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Global Evaporative Air Coolers Market Segments
By Product Type :-
Portable Cooler
Window Mounted Cooler
Personal Cooler
Tower Cooler
By Water Tank Capacity :-
5-25 Liters
26-50 Liters
51-70 Liters
71-120 Liters
120 Liters and Above
By Material :-
Fiber
Metal
Stainless Steel
Plastic
By Effective Cooling Area :-
100-399 Sq. ft.
400-799 Sq. ft.
800-999 Sq. ft.
1000 Sq. ft. and Above
By Sales Channel :-
Direct Sales
Modern Trade
Specialty Stores
Online Stores
Departmental Stores
Other Sales Channel
By End Use :-
Residential Sector
Commercial Sector
Energy Consumption in the US is Leading to High Adoption of Evaporative Air Coolers Market Systems
The US accounts for the largest share in the construction industry. The pandemic has halted many construction-related activities, which in turn has impacted the growth of the Evaporative Air Coolers Market industry negatively.
However, the development in the Evaporative Air Coolers Market industry is rising at a steady pace with the resumption of the construction industry. The ever-growing energy consumption in the country is also generating demand for more energy-efficient Evaporative Air Coolers Market systems in the region.
Prominent players in the Evaporative Air Coolers Market industry such as Honeywell Int., and new entrants such as Apple and Google NEST are also focusing on residential construction projects to bring more innovation and comfort to the residents. Such new strategies are helping the Evaporative Air Coolers Market industry gradually recover from the blow of the pandemic.
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Competitive Landscape
Fact.MR has profiled the following key evaporative air coolers manufacturers in its report are Symphony Limited, Bajaj Electrical Limited, Honeywell International Inc, Havells India Ltd, Usha International, Porta cool LLC, Seeley International Pty Ltd, Hessaire Products Inc, Vertiv Group Corp, Sky Air Cooler, Arctic, Delta T, LLC (BigAss Fans) and Eva polar etc.
Key manufacturers are constantly innovating product designs to meet the modern day challenges pertaining to components placement in the engine environment.
Technological Advancements are Leading Innovations in the Evaporative Air Coolers Market in China
China is gradually recovering from the adverse effect of the pandemic due to its successful efforts in curbing the spread of the virus within the region. With almost negligible restrictions, the construction, heavy machinery, and automotive industry have started resuming operations.
Rising expenditure in technology and increasing emphasis on environmental safety are propelling the demand in the Evaporative Air Coolers Market industry in China. The growing interest in billboard automation and industrial displays in allowing manufacturers to gradually attain their pre-pandemic status.
India is Experiencing High Adoption of Evaporative Air Coolers Market Systems
The Indian Evaporative Air Coolers Market industry witnessed a downfall due to the pandemic. In order to follow the safety guideline, many construction sites and manufacturing units were shut until further notice.
With the relaxation of these restrictions, the manufactures operating in the automation, engineering, and construction (AEC) industry managed to gather pace in recovery. However, the second wave of the pandemic hit the Evaporative Air Coolers Market industry negatively, affecting the overall growth of the industry.
Being a fast-growing economy, global leaders are finding lucrative opportunities in the country, both in commercial and residential spaces, as the demand for multi-modal building automation is surging.
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Key Long-Term Trends
The global Evaporative Air Coolers Market industry is showing notable recovery in 2021 and will continue to offer opportunities for expansion to the players operating in the market. With the penetration of building automation in residential areas, the Evaporative Air Coolers Market industry will show an upward trend. Some new trends that are boosting the growth in the market are:
Internet of Things (IoT)
The Internet of Things (IoT) and the Industrial Internet of Things (IIoT) are experiencing broader acceptance in the Evaporative Air Coolers Market industry. The innovative technology which makes everything 'inter-connected is gaining immense popularity in both residential and commercial projects, making them technologically advanced and effective in risk management.
Edge Computing
As the number of residents increases, the data also becomes vaster. Hence, edge computing will act as a key technology in the Evaporative Air Coolers Market industry. Edge computing enables data security, easy accessibility, and enhanced automation in commercial and residential buildings.
For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html
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