What is Portable Evaporative Air Cooler Market?
The evaporative air cooler consists of a cooling media where the warm air is drawn. The water from the tank is pumped into the media which cools warm air. The cold air is then propelled out into the room by a fan. The portable air cooler can be placed near the door or window. It keeps the costs low, maximizes the efficiency and no compressor is required. This portable air coolers can be easily moved from one place to another and offers convenience. Also, it provides the advantage of air conditioning in extremely dry climates. These factors are attracting the consumers who are looking for cost effective air coolers which is propelling the market growth.
The market study is being classified by Type (Automatic and Semi-Automatic), by Application (Commercial and Household) and major geographies with country level break-up.
Honeywell (United States), SPT (United States), NewAir (United States), Symphony (India), Aolan (France), Hessaire (United States), Kenstar (India), Khaitan (India), Bajaj Electricals (India) and Jinghui (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Lianchuang (China).
Portable evaporative air cooler market is fragmented with numerous players who are focusing to offer a wide range products to attract customers. Emerging countries are to estimate positive growth due to the factors such as rapid urbanization, and cost effectiveness of the product. Research Analyst at AMA predicts that India Vendors will contribute to the maximum growth of Global Portable Evaporative Air Cooler market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Portable Evaporative Air Cooler market by Type, Application and Region.
On the basis of geography, the market of Portable Evaporative Air Cooler has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Cost Effectiveness of Air Coolers
- Rising Demand for Portable Equipment Owing to Ease in Mobility and Convenience
Market Trend
- Adoption of Solar Powered Coolers
- Technological Developments in Air Coolers
Restraints
- Low Product Quality May Hamper the Market
- Shorter Life of Evaporative air Coolers
Opportunities
- Rising Urbanization is leading to Increased Demand in Air Coolers
Challenges
- Availability of Alternative Products
Market Leaders and some development strategies
In June 2018, Bajaj electrical has acquired Nirlep appliances. This acquisition will strengthen the distribution network and provide state of the art manufacturing facility.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations