Market Overview:
The global evaporative air coolers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for evaporative air coolers from various end-use industries, such as civil and commercial applications. In terms of type, the portable evaporative air coolers segment is expected to lead the global evaporative air coolers market during the forecast period, followed by business evaporative air cooler and others segments. The portable evaporative air cooler segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to its growing popularity among consumers owing to its portability and low power consumption features when compared with other types of cooling devices such as ACs (air conditioners).
Product Definition:
An evaporative air cooler is a device that uses water evaporation to cool air. The importance of evaporative air coolers is that they use much less energy than traditional air conditioners, making them more environmentally friendly.
Portable Evaporative Air Coolers:
Portable evaporative air coolers are used to reduce the temperature of a room. They work by drawing outside air and cooling it down to the desired temperature. The cooler air entering into the device absorbs heat from the surroundings making it effective for usage in warm as well as cold areas. These devices can be used in commercial, industrial, residential and other applications where cooling is required.
Business Evaporative Air Cooler:
Business evaporative air cooler is used to remove moisture from the air and lower the temperature of moist air. It works on the principle of condensation, as warm moist air rises, cools and forms water droplets. These water droplets eventually fall down as a liquid form which can cause damage to sensitive electronic components if it lands on them. Therefore, business evaporative cooler is used in such applications where cooling off of heat-generating equipment or machines are required with high humidity levels.
Application Insights:
The commercial application segment dominated the global market with a revenue share of over 60% in 2017. The growth can be attributed to the increasing demand for air conditioners in various commercial spaces, such as offices, educational institutes and government offices. Furthermore, growing construction activities within businesses are expected to provide opportunities for evaporative air coolers manufacturers during the forecast period.
Civil applications include residential as well as non-residential buildings (such as hotels). These types of applications require a lower amount of cooling capacity compared to their commercial counterparts due to lesser requirements regarding space temperature maintenance and equipment operation within these spaces. As a result, evaporation is used extensively across civil applications owing to its ability not only to efficiently remove heat from an object but also due largely towards equipment efficiency when it comes into contact with water vapor or liquid water droplets.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. This can be attributed to increasing awareness regarding health and well-being, along with rising concerns about high energy prices. Furthermore, the presence of key players in this region is anticipated to boost regional market growth over the forecast period.
Asia Pacific is expected to expand at a CAGR exceeding 7% from 2018 to 2030 owing its vast population base and growing economy that demands for better infrastructure facilities such as hotels, restaurants, malls etc.
Growth Factors:
- Increasing demand for evaporative air coolers from the commercial sector on account of their energy-efficient cooling performance.
- Rising popularity of evaporative air coolers among consumers due to their low power consumption and eco-friendly operation.
- Proliferation of innovative designs and features in evaporative air coolers, making them more attractive to buyers.
- Growing awareness about the benefits of evaporative air cooling among consumers, which is likely to boost demand for these products in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Evaporative Air Coolers Market Research Report
By Type
Portable Evaporative Air Coolers, Business Evaporative Air Cooler, Others
By Application
Civil, Commercial
By Companies
SPX, Kelvion, BAC, Evapco, Ebara, Luoyang Longhua, Xiamen Mingguang, Lanpec Technologies, Condair, Hubei Electric Power Equipment, SPX, Tianren Group, Honeywell, NewAir, Hessaire, Hitachi, Prem-I-Air, North Storm Air Wave Coolers, Fujian Jinghui
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Evaporative Air Coolers Market Report Segments:
The global Evaporative Air Coolers market is segmented on the basis of:
Types
Portable Evaporative Air Coolers, Business Evaporative Air Cooler, Others
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
Civil, Commercial
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:
- SPX
- Kelvion
- BAC
- Evapco
- Ebara
- Luoyang Longhua
- Xiamen Mingguang
- Lanpec Technologies
- Condair
- Hubei Electric Power Equipment
- SPX
- Tianren Group
- Honeywell
- NewAir
- Hessaire
- Hitachi
- Prem-I-Air
- North Storm Air Wave Coolers
- Fujian Jinghui
Highlights of The Evaporative Air Coolers 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:
- Portable Evaporative Air Coolers
- Business Evaporative Air Cooler
- Others
- By Application:
- Civil
- Commercial
- 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 Evaporative Air Coolers 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Evaporative air coolers use the natural process of evaporation to remove heat from a room. The cooler air is then circulated through the building, helping to reduce overall temperatures.
Some of the major players in the evaporative air coolers market are SPX, Kelvion, BAC, Evapco, Ebara, Luoyang Longhua, Xiamen Mingguang, Lanpec Technologies, Condair, Hubei Electric Power Equipment, SPX, Tianren Group, Honeywell, NewAir, Hessaire, Hitachi, Prem-I-Air, North Storm Air Wave Coolers, Fujian Jinghui.
The evaporative air coolers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Evaporative Air Coolers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Evaporative Air Coolers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Evaporative Air Coolers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Evaporative Air Coolers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Evaporative Air Coolers Market Size & Forecast, 2018-2028
4.5.1 Evaporative Air Coolers Market Size and Y-o-Y Growth
4.5.2 Evaporative Air Coolers Market Absolute $ Opportunity
Chapter 5 Global Evaporative Air Coolers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Evaporative Air Coolers Market Size Forecast by Type
5.2.1 Portable Evaporative Air Coolers
5.2.2 Business Evaporative Air Cooler
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Evaporative Air Coolers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Evaporative Air Coolers Market Size Forecast by Applications
6.2.1 Civil
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Evaporative Air Coolers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Evaporative Air Coolers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Evaporative Air Coolers Analysis and Forecast
9.1 Introduction
9.2 North America Evaporative Air Coolers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Evaporative Air Coolers Market Size Forecast by Type
9.6.1 Portable Evaporative Air Coolers
9.6.2 Business Evaporative Air Cooler
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Evaporative Air Coolers Market Size Forecast by Applications
9.10.1 Civil
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Evaporative Air Coolers Analysis and Forecast
10.1 Introduction
10.2 Europe Evaporative Air Coolers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Evaporative Air Coolers Market Size Forecast by Type
10.6.1 Portable Evaporative Air Coolers
10.6.2 Business Evaporative Air Cooler
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Evaporative Air Coolers Market Size Forecast by Applications
10.10.1 Civil
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Evaporative Air Coolers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Evaporative Air Coolers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Evaporative Air Coolers Market Size Forecast by Type
11.6.1 Portable Evaporative Air Coolers
11.6.2 Business Evaporative Air Cooler
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Evaporative Air Coolers Market Size Forecast by Applications
11.10.1 Civil
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Evaporative Air Coolers Analysis and Forecast
12.1 Introduction
12.2 Latin America Evaporative Air Coolers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Evaporative Air Coolers Market Size Forecast by Type
12.6.1 Portable Evaporative Air Coolers
12.6.2 Business Evaporative Air Cooler
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Evaporative Air Coolers Market Size Forecast by Applications
12.10.1 Civil
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Evaporative Air Coolers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Evaporative Air Coolers Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Evaporative Air Coolers Market Size Forecast by Type
13.6.1 Portable Evaporative Air Coolers
13.6.2 Business Evaporative Air Cooler
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Evaporative Air Coolers Market Size Forecast by Applications
13.10.1 Civil
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Evaporative Air Coolers Market: Competitive Dashboard
14.2 Global Evaporative Air Coolers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SPX
14.3.2 Kelvion
14.3.3 BAC
14.3.4 Evapco
14.3.5 Ebara
14.3.6 Luoyang Longhua
14.3.7 Xiamen Mingguang
14.3.8 Lanpec Technologies
14.3.9 Condair
14.3.10 Hubei Electric Power Equipment
14.3.11 SPX
14.3.12 Tianren Group
14.3.13 Honeywell
14.3.14 NewAir
14.3.15 Hessaire
14.3.16 Hitachi
14.3.17 Prem-I-Air
14.3.18 North Storm Air Wave Coolers
14.3.19 Fujian Jinghui
