Air Coolers Global Market 2023 - By Industry Drivers, Future Challenges, Demand And Outlook 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Air Coolers Global Market Report 2023 identifies increasing hot weather conditions as the major driver for the Air Coolers market's growth in the forecast period. An air cooler is any device that is used to cool the air in a building, area, or vehicle. Air coolers are used to cool rooms in buildings as well as to make refrigerators out of thermally insulated casings.

The global air coolers market size is expected to grow from $1.45 billion in 2022 to $1.62 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The air coolers market size is expected to grow to $2.41 billion in 2027 at a CAGR of 10.5%.

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Major competitors in the Air Coolers market are Bajaj Electricals Ltd., Symphony Limited, Havels India Limited, Honeywell International Inc., Aolan (Fujian) Industrial Co. Ltd., Seeley International Pty Ltd.

A key trend in the Air Coolers market includes product innovation. Major companies operating in the air coolers market are focused on developing innovative products to strengthen their position in the market. For instance, in April 2021, Crompton, an Indian-based company that deals in fans and air coolers launched the latest Optimus 65 IoT Desert Coolers that provide instant cooling with a touch of smartness. In addition, Crompton has launched the Optimus 65 IOT coolers with PureShield Technology, a system that combines a PM2.5 filter to deliver filtered air with Anti-bac Control panels powered by N9 Silver World Technology to protect against bacteria.

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The Air Coolers market is segmented -

• By Type: Tower, Desert, Other Types
• By Size: Spot Cooler, Medium Space Cooler, Large Space Cooler
• By Application: Industrial, Residential, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Air Coolers market.

The Business Research Company's "Global Air Coolers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Air Coolers Market Include:

1. Executive Summary
2. Air Coolers Market Characteristics
3. Air Coolers Market Trends And Strategies
4. Air Coolers Market - Macro Economic Scenario
5. Air Coolers Market Size And Growth
…………………………..
26. Africa Air Coolers Market
27. Air Coolers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air Coolers Market
29. Air Coolers Market Future Outlook and Potential Analysis
30. Appendix

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