Global Evaporative Cooler Market Overview:
Evaporative Coolers also termed as swamp coolers, wet air cooler, desert cooler, and swamp box that provides a natural and energy-efficient means of cooling. These coolers cool outdoor air by passing it over water-saturated pads, causing the water to evaporate into it. These coolers use the evaporation process to cool the air passing through a wetted cooling media to provide a steady stream of fresh air into the room. The cooling media could be as simple as a wet cloth. The growing use of evaporative coolers in hot climatic areas is increasing their demand.
Growth Drivers
- Less Expensive to Install and Operate Evaporative Coolers
- Comfortable Temperatures In Different Situations and Atmospheres
- Growing Green Initiatives
Roadblocks
- Evaporative Coolers Require Constant Water Supply
- Need for Frequent Maintenance of the Coolers Parts
Opportunities
- Rising Living Standards Is Leading To Increased Evaporative Coolers Demand
- Increasing Demand from Commercial and Industrial End Users
Challenges
- Improperly Maintained Evaporative Cooler are Threat to Public Health
Competitive Landscape:
In Evaporative Cooler Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are SPX Cooling Technologies, Inc. (United States), Kelvion Holding GmbH (Germany), Baltimore Aircoil Company (United States), EVAPCO Inc. (United States), EBARA Corporation (Japan), Luoyang Longhua Heat Transfer Co., Ltd. (China), Xiamen Mingguang Machinery Manufacturing Co Ltd (China), Lanpec Technologies Limited (China), Condair Group AG (Switzerland), Hubei Electric Power Company (China), Shanghai Baofeng Machinery Manufacturing Co. Ltd (China), Honeywell International Inc. (United States), Hessaire Products, Inc. (United States), Hitachi, Ltd. (Japan), Prem-I-Air (United Kingdom), Sylvane Inc. (United States) and NewAir LLC (United States). Analyst at AMA Research see United States and Asian Vendors to retain maximum share of Global Evaporative Cooler market by 2026. Considering Market by Water Tank Capacity, the sub-segment i.e. Upto 20 Liter will boost the Evaporative Cooler market. Considering Market by Uses, the sub-segment i.e. Indoor will boost the Evaporative Cooler market. Considering Market by Technology, the sub-segment i.e. Direct Evaporative Cooling Technology will boost the Evaporative Cooler market. Considering Market by Mount, the sub-segment i.e. Fixed Evaporative Cooler will boost the Evaporative Cooler market. Considering Market by Material, the sub-segment i.e. Plastic will boost the Evaporative Cooler market. Considering Market by Room Size, the sub-segment i.e. Less than 100 sq. ft. will boost the Evaporative Cooler market.
Latest Market Insights:
In 2017, Seeley International, an air conditioning manufacturer acquired Integrated Comfort Inc (ICI), a U.S. based evaporative cooling company. This acquisition strengthened Seeley’s presence in the U.S. market.
In April 2019, Electrolux, a Swedish multinational home appliance manufacturer partnered with NewAir LLC to launch a new line of evaporative coolers and misting fans for home use. This new product series will be available under the Frigidaire brand. Also, it will enhance experiences of wellbeing in the home.
What Can be Explored with the Evaporative Cooler Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Evaporative Cooler Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Evaporative Cooler
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Evaporative Cooler market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Evaporative Cooler market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Evaporative Cooler Manufacturers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.