Air Coolers Market Estimated to Reach US$ 3.03 Billion by 2030

The 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 is anticipated to reach US$ 3.03 Bn by 2030 from US$ 1.47 Bn in 2023 at a CAGR of 10.9% during a forecast period.

𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The global air coolers market has emerged as a popular alternative to traditional air conditioners, driven by their affordability, energy efficiency, and eco-friendliness. Air coolers work by evaporating water, which cools the surrounding air, using significantly less power compared to air conditioning systems. These devices are simple to operate and do not rely on harmful refrigerants, making them a more sustainable option. Their growing demand can be attributed to rising temperatures, increased awareness of energy consumption, and the need for cost-effective cooling solutions. As manufacturers innovate with ergonomic designs for both residential and commercial spaces, air coolers are becoming more compact, stylish, and versatile, addressing the aesthetic concerns of consumers.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/115618/

𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

One of the key trends in the air coolers market is the increasing demand for energy-efficient and eco-friendly cooling systems. As consumers and businesses alike seek sustainable solutions, air coolers provide a viable alternative to traditional air conditioning. These systems are seen as a more environmentally friendly option, using water evaporation rather than harmful refrigerants. Additionally, the growing popularity of smart home technologies has led to the integration of IoT-enabled features in air coolers, offering enhanced user control and convenience through smartphone apps and remote monitoring.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

The primary driver of growth in the air coolers market is the increasing need for energy-efficient and cost-effective cooling solutions. Air coolers offer a significant advantage over air conditioners in terms of energy consumption, with lower operational costs making them more accessible to middle-class consumers. This affordability, coupled with growing environmental concerns, has positioned air coolers as a viable alternative to air conditioning, especially in regions where air conditioning may be too expensive or impractical. Furthermore, air coolers are ideal for areas with hot climates and limited power infrastructure, as they require less energy to operate, offering substantial savings in electricity bills.

Another critical driver is the rising temperatures and changing weather patterns across the globe, which are pushing the demand for cooling solutions. With an increasing global population and growing urbanization, especially in regions like Asia Pacific, the demand for affordable and effective cooling devices is on the rise. The rapid adoption of air coolers in emerging markets such as India, where temperatures soar in the summer months, further fuels the market. As rural incomes grow and middle-class consumers look for more budget-friendly alternatives to air conditioning, air coolers are expected to see even greater adoption.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/115618/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐊𝐞𝐲 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

The air coolers market has seen notable mergers and acquisitions, particularly in Vietnam, Thailand, Singapore, Japan, South Korea, European countries, and the USA. In Vietnam, domestic players have led M&A activities, with significant involvement from foreign investors, including those from Japan, South Korea, Thailand, and Singapore. For instance, in September 2020, Japanese investors engaged in 19 deals with Vietnamese companies, while Thai investors were among the most active.

In December 2021, SPX Cooling Tech LLC, a US-based manufacturer of evaporative fluid coolers, acquired Cincinnati Fan for $145 million. This acquisition aimed to expand SPX's global presence and enhance its distribution infrastructure.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐛𝐲 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Leading companies in the air coolers market are focusing on product innovation and strategic expansions:

In April 2023, Symphony Limited, an Indian multinational specializing in air coolers, launched a new range powered by Brushless Direct Current (BLDC) technology. These coolers consume up to 60% less power compared to conventional models, offering significant energy savings.

Crompton, an Indian-based company dealing in fans and air coolers, introduced the Optimus 65 IoT Desert Coolers in April 2021. These smart air coolers can be controlled via voice assistants like Google Home or Amazon Alexa, as well as through the Crompton app, showcasing the integration of smart technology in cooling solutions.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/115618/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

by Type

Tower
Dessert
Others

by Application

Residential
Commercial

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. Symphony Limited
2. Bajaj Electricals Limited
3. Havels India Limited
4. Honeywell International Inc.
5. Aolan (Fujian) Industry Co., Ltd.
6. Luma Comfort
7. AirGroup, Seeley International Pty Ltd.
8. Fujian Jinghui Environmental Technology Co., Ltd.
9. De'Longhi Appliances S.r.l.
10. Evapolar
11. Future Home Group
12. Thane IP Limited
13. Ontel Products Corporation
14. HoMedics USA LLC
15. CoolAir

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/global-air-coolers-market/115618/

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