Surging construction in the residential sector and the rising demand for multi-functional appliances are creating lucrative growth prospects for the desert air cooler market, finds Future Market Insights (FMI). Desert air coolers are energy efficient, reduce carbon footprint, and are pollutant-free. They also consume less electricity and therefore make for a cost-efficient option.
| Attribute | Details |
| Desert Air Cooler Market Estimated Size 2022 | US$ 560.1 Mn |
| Desert Air Cooler Market Value-based CAGR (2022-2032) | ~ 9.2% |
| Desert Air Cooler Market Projected Size 2030 | US$ 1346.9 Mn |
Desert air coolers, also known as evaporative air coolers use the phenomenon of evaporation to reduce the temperature in the surrounding area. Increasing technological advancements and rising disposable income are a few factors favoring the expansion of the market.
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When compared to evaporative air coolers, traditional conditioners are far costlier in terms of maintenance and require higher energy. Evaporative air cooler especially portable ones are currently enjoying the spotlight because they are easy to transport and offer greater convenience and efficiency.
Key Takeaways from Desert Air Cooler Market Report:
- The desert air cooler market is expected to rise at a CAGR of 10.2% during the period 2020-2030
- The market is predicted to reach a value of US$ 2.9 Bn by the end of the forecast period
- Favorable geographical conditions and willingness among consumers to spend on multi-functional appliances are favoring growth in East Asia and South Asia
- The 50-60 Lt desert air coolers are gaining traction due to their greater lifecycle.
- Evaporative air cooler residential models are in high demand and will continue to be a top choice among consumers through the forecast period
- Mini desert air coolers are popular in the market due to their convenient and suitable features.
COVID-19 Impact Analysis
The COVID-19 pandemic severely affected all sectors, including the desert air coolers market. Bans imposed on travel and transport had disrupted the sourcing of raw materials, bringing production to a halt. The implementation of lockdowns in several countries during the summer decreased the sale of commercial air coolers.
The decline in sales caused the price of desert air coolers prices to increase. While the market hit a low in 2020, it is expected to recover and grow at a steady pace due to increasing concerns regarding the environment once the coronavirus passes.
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Who Is Winning?
Key players in the market are now focusing on introducing intelligent technologies in commercial air coolers to increase their convenience. Artificial Intelligence is being incorporated to increase efficiency and improve energy conservation. The introduction of multifunctional air coolers has bode well for the market since they perform better than a cooler, a fan, or a humidifier.
Some of the key players in the market are Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Delta Cooling Tower Inc., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.
Valuable Insights into Desert Air Cooler Market Report
Future Market Insights (FMI) in its latest report has presented a detailed analysis on the desert air cooler market with assessment for the years 2020-2030. In order to offer a comprehensive overview, the market has been segmented into several segments. In terms of water capacity, it has been segmented into 30-40 Lt., 40-50 Lt., 50-60 Lt., 60-70 Lt. and 70 Lt. and above. Based on the application, the market is segmented into indoor and outdoor.
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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