Portable Air Cooler Market Overview
Portable Air Cooler Market size is projected to enroll a huge development pace of 6.45% from 2020 to 2030 to arrive at a market worth of USD 1.90 billion before the finish of 2030. The high surge in global temperatures due to global warming is estimated to drive the demand for portable air coolers.
The Portable Air Cooler Market has witnessed significant growth and advancements in recent years. Portable air coolers, also known as evaporative coolers or swamp coolers, are devices designed to cool and humidify the air in indoor and outdoor spaces. They are particularly popular in regions with dry and hot climates.
Portable air coolers work on the principle of evaporative cooling, where water is evaporated to reduce the temperature of the surrounding air. These compact and lightweight devices are easy to transport and can be used in various settings such as homes, offices, dormitories, outdoor events, and even vehicles.
The mobility feature of an air cooler is estimated to be one of the main USPs driving the sales of the portable air cooler market in the duration of the forecast period. The offering of improved product options by market companies is estimated to motivate the portable air cooler market further in the impending period.
Competitive Analysis
The focus on the client's needs is estimated to be more important than before as changes in living standards can have a notable bearing on the popularity of certain market trends. The measures being undertaken to ensure seamless functioning of the market is estimated to lay off in the long run. The market is projected to witness a period of turbulence with the impact of the pandemic on the workforce and the economy as a whole. The collaborative efforts of the market contenders are expected to broaden the horizons for development in the foreseeable future. The contenders in the market are likely to see aggressive competition in the coming years. The reimagined market structure is predicted to rely on a combination of robust online selling capabilities and a capable supply chain. The investment towards cutting-edge technology is anticipated to take a sharp surge with amplified funding accessibility. The formation of strong trade relations among several regions is forecasted to have a beneficial effect on growth.
The renowned players in the Portable Air Cooler Market Players are The Whirlpool Corporation (US), Electrolux AB (Sweden), LG Electronics Inc. (South Korea), Symphony Limited. (India), NewAir (US), Havells India Ltd. (India), De'Longhi S.p.A (Italy), Olimpia Splendid S.p.A. (Italy), Honeywell International Inc. (US), Carrier Corporation (US), Bajaj Electricals Ltd (India), Usha International Ltd (India), WHYNTER LLC (Canada), Panasonic Corporation (Japan) and Orient Electric (India).
Segmental Analysis
The segmental analysis of the Portable Air Cooler Market is carried out on the basis of category, end user, and regions. The category segment of the portable air cooler market comprises of semi-automatic and automatic. The end user segment of the portable air cooler market comprises of commercial and residential. The region segment of the portable air cooler market comprises of Europe, Asia Pacific, North America, and other important regions.
Regional Overview
The regional analysis of the portable air cooler market comprises of Europe, Asia Pacific, North America, and other important regions. The regional market of the Asia Pacific is anticipated to control the global market throughout the forecast period. In the emerging nations of Asia Pacific, most of the patrons use an air cooler since it is easily accessible in stores and an inexpensive option compared to an air conditioner. Air coolers are often preferred over air conditioners which are not always affordable for many customers in the region. The regional market for portable air coolers in the regions of Africa and the Middle East is spirited in nature, with international players capturing a significant share of the regional market. The presence of a reasonably dry and hot climate that gives rise to high air cooling requirements or temperature maintenance machines such as portable air coolers is driving the development of the regional portable air cooler market. In addition, growth in the number of systematic retail and specialty stores boosts the development of a portable air cooler market throughout the forecast period.
Industry Updates:
May 2021 The latest evaporative cooler from Evapolar, the EvaChill EV-500, has been introduced with an energy-efficient, ultra-light, personal air conditioner that expends patented EvaBreeze material to lower the temperature in your range. It's very simple and eco-friendly to use. The EV-500 is very portable and leak-proof, with a combined handle so that it offers the highest level of comfort while moving from one room or office to another.
May 2021 Midea's research and development team has contested the status-quo and created the Midea Duo – a groundbreaking inverter portable air conditioner to deliver clienteles with a cooling solution with a nifty and simple solution for 2x stronger and quicker cooling. The Midea Duo's industry-first hose-in-hose design shuts the heat out and lets the cool in. The hose-in-hose design constructs a balanced air circulation indoors, efficiently preventing hot air from leaking into the room through holes around the windows.
Portable Air Cooler Market Research Report Information by Category (Automatic and Semi-Automatic), End User (Residential and Commercial), Distribution Channel (Store-Based [Supermarkets and Hypermarkets, Specialty Stores and others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030
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