Press release
Air Coolers Market to Surpass USD 3.03 Billion by 2030, Growing at 10.9% CAGR
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 air coolers market is experiencing steady growth due to increasing demand for cost-effective and energy-efficient cooling solutions. With rising global temperatures and growing awareness of sustainable cooling alternatives, air coolers are emerging as a preferred choice for both residential and commercial applications. The market is driven by technological advancements, such as smart air coolers with IoT-enabled features, providing enhanced convenience and efficiency for users.
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Air Coolers Market Outlook and Future Trends:
The future of the air coolers market is promising, with innovations in cooling technology and eco-friendly refrigerants shaping industry trends. Manufacturers are focusing on developing hybrid cooling systems that combine evaporative cooling with advanced filtration technologies to improve indoor air quality. Additionally, the growing adoption of solar-powered air coolers in regions with unreliable electricity supply is expected to contribute to market expansion in the coming years.
Air Coolers Market Key Recent Developments:
The air coolers market has witnessed several key developments, including strategic partnerships between leading manufacturers and technology firms to enhance product offerings. Companies are launching advanced air coolers with improved energy efficiency and smart control features, catering to the evolving needs of consumers. Furthermore, increasing investments in research and development are fostering innovations in portable and commercial air cooling systems, reinforcing market growth globally.
Air Coolers Market Segmentation:
by Type
Tower
Dessert
Others
by Application
Residential
Commercial
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Some of the current players in the Air Coolers Market are:
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
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