Market Overview:
The global electric cooler market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric cooler market can be attributed to the increasing demand for electric coolers in various applications such as automobiles, military, consumer electronics, healthcare and industrial applications. Electric coolers are also being used in various end-use industries owing to their energy efficiency and low noise levels as compared to traditional air-cooled chillers. North America is expected to lead the global electric cooler market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
An electric cooler is a device that uses electricity to lower the temperature of its contents. This can be done by either using a refrigerant or simply blowing air over the contents. Electric coolers are often used to keep food cold, but can also be used to keep items such as drinks cold.
Multi-Stage:
Multi-stage cooling systems are used to increase the capacity of cooling by adding additional stages. The basic function of multi-stage cooler is to remove heat from the device and distribute it among multiple stages where it gets converted into cold air. It is one of the most effective methods for increasing the capacity of heat removal from a device as compared to single stage coolers, which can only remove heat from a single module at a time.
Single-Stage:
Single-stage compressors are used in electric cooler market owing to their ability to deliver low-pressure air. These compressors have simple structure and they work on single phase power. Single-stage air compressor works on principle of reciprocating motion which is driven by prime movers such as chains, belts or gears.
Application Insights:
The automobile application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The growing automotive sector, particularly in countries such as China and India, is expected to drive demand for electric coolers. In addition, stringent government regulations on air conditioner maintenance are likely to increase product demand in this segment.
The industrial application segment was valued at USD 281.5 million in 2017 owing to increasing use of electric coolers by food processing industries and chemical plants across the globe due to their compact size and low power consumption requirements. Furthermore, these units are used at construction sites, mining sites along with other commercial facilities where space is an issue; therefore; they are highly preferred by industry players operating within limited floor space constraints.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to high demand for technologically advanced products along with increasing focus on energy conservation. Europe accounted for a significant share of revenue due to growing demand from countries, such as Germany and France. Increasing use of these coolers during summer season is likely to boost regional growth over the forecast period.
Asia Pacific electric cooler market is anticipated to witness significant growth over the projected period owing to rapid industrialization and urbanization coupled with rising disposable income levels in emerging economies, such as China and India.
The Middle East & Africa (MEA) region has been witnessing steady economic growth since 2010s after experiencing recession between 2008-09.
Growth Factors:
- Increasing demand for electric coolers from the commercial sector as a result of rising temperatures and the need for energy-efficient cooling solutions.
- Growing popularity of electric coolers among consumers due to their energy efficiency, portability, and low noise levels.
- Rising demand for electric coolers in developing countries as a result of increasing disposable incomes and growing awareness about the benefits of using electric coolers over traditional cooling methods such as air conditioners and refrigerators.
- Proliferation of online retail platforms that offer a wide range of electric cooler models at competitive prices, thereby boosting sales growth prospects for the market players operating in this segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Cooler Market Research Report
By Type
Multi-Stage, Single-Stage, Thermocyclers
By Application
Automobile, Military, Consumer electronics, Healthcare, Industrial
By Companies
Koolatron, Dometic, Black & Decker, Coleman Company, Igloo Coolers, II-VI Incorporated, RMT Ltd., Kreazone, Beijing Huimao Cooling Equipment Co., Ltd., Tellurex Corporation, Custom Thermoelectric Inc., TE Technology, Komatsu, Hicooltec, Laird, Thermion, Micropelt, Alpha Omega Instrument, Merit Technology Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Electric Cooler Market Report Segments:
The global Electric Cooler market is segmented on the basis of:
Types
Multi-Stage, Single-Stage, Thermocyclers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Military, Consumer electronics, Healthcare, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Koolatron
- Dometic
- Black & Decker
- Coleman Company
- Igloo Coolers
- II-VI Incorporated
- RMT Ltd.
- Kreazone
- Beijing Huimao Cooling Equipment Co., Ltd.
- Tellurex Corporation
- Custom Thermoelectric Inc.
- TE Technology
- Komatsu
- Hicooltec
- Laird
- Thermion
- Micropelt
- Alpha Omega Instrument
- Merit Technology Group
Highlights of The Electric Cooler Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multi-Stage
- Single-Stage
- Thermocyclers
- By Application:
- Automobile
- Military
- Consumer electronics
- Healthcare
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Cooler Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric cooler is a device that uses electricity to keep food or drink cold.
Some of the key players operating in the electric cooler market are Koolatron, Dometic, Black & Decker, Coleman Company, Igloo Coolers, II-VI Incorporated, RMT Ltd., Kreazone, Beijing Huimao Cooling Equipment Co., Ltd., Tellurex Corporation, Custom Thermoelectric Inc., TE Technology, Komatsu, Hicooltec, Laird, Thermion, Micropelt, Alpha Omega Instrument, Merit Technology Group.
The electric cooler market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Cooler Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Cooler Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Cooler Market - Supply Chain
4.5. Global Electric Cooler Market Forecast
4.5.1. Electric Cooler Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Cooler Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Cooler Market Absolute $ Opportunity
5. Global Electric Cooler Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Cooler Market Size and Volume Forecast by Type
5.3.1. Multi-Stage
5.3.2. Single-Stage
5.3.3. Thermocyclers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Cooler Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Cooler Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Military
6.3.3. Consumer electronics
6.3.4. Healthcare
6.3.5. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Cooler Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Cooler Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Cooler Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Cooler Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Cooler Demand Share Forecast, 2019-2029
9. North America Electric Cooler Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Cooler Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Cooler Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Military
9.4.3. Consumer electronics
9.4.4. Healthcare
9.4.5. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Cooler Market Size and Volume Forecast by Type
9.7.1. Multi-Stage
9.7.2. Single-Stage
9.7.3. Thermocyclers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Cooler Demand Share Forecast, 2019-2029
10. Latin America Electric Cooler Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Cooler Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Cooler Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Military
10.4.3. Consumer electronics
10.4.4. Healthcare
10.4.5. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Cooler Market Size and Volume Forecast by Type
10.7.1. Multi-Stage
10.7.2. Single-Stage
10.7.3. Thermocyclers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Cooler Demand Share Forecast, 2019-2029
11. Europe Electric Cooler Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Cooler Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Cooler Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Military
11.4.3. Consumer electronics
11.4.4. Healthcare
11.4.5. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Cooler Market Size and Volume Forecast by Type
11.7.1. Multi-Stage
11.7.2. Single-Stage
11.7.3. Thermocyclers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. arket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Cooler Demand Share, 2019-2029
12. Asia Pacific Electric Cooler Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Cooler Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Cooler Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Military
12.4.3. Consumer electronics
12.4.4. Healthcare
12.4.5. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Cooler Market Size and Volume Forecast by Type
12.7.1. Multi-Stage
12.7.2. Single-Stage
12.7.3. Thermocyclers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Cooler Demand Share, 2019-2029
13. Middle East & Africa Electric Cooler Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Cooler Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Cooler Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Military
13.4.3. Consumer electronics
13.4.4. Healthcare
13.4.5. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Cooler Market Size and Volume Forecast by Type
13.7.1. Multi-Stage
13.7.2. Single-Stage
13.7.3. Thermocyclers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Cooler Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Electric Cooler Market: Market Share Analysis
14.2. Electric Cooler Distributors and Customers
14.3. Electric Cooler Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Koolatron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dometic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Black & Decker
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Coleman Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Igloo Coolers
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. II-VI Incorporated
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. RMT Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kreazone
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Beijing Huimao Cooling Equipment Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tellurex Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Custom Thermoelectric Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TE Technology
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Komatsu
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hicooltec
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Laird
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Thermion
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Micropelt
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Alpha Omega Instrument
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Merit Technology Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
