Overview:
Evaporative air cooler is an economical and pollutant free replacement over traditional air conditioning systems. Increasing demand for low cost, energy efficient and environment friendly alternative for cooling makes evaporative air coolers market promising. Growing awareness regarding environment preservation, in terms of eliminating air and water pollutants (e.g. oil, refrigerants etc.) is expected to continue driving the evaporative air conditioner market growth in coming years. Evaporating air coolers are highly favored over conventional air conditioning systems for big industrial and commercial spaces, owing to high energy and maintenance costs of the latter. However, high consciousness towards dry air, noisy and manual water pouring systems, hamper the portable evaporative air coolers market growth.
The market is primarily dependent upon industrial manufacturing & processing and power generation segments contributing to more than 50% of the total market value generated worldwide. Thus, with consistent growth expected across the sectors, evaporative air coolers market would continue exhibiting robust growth during the forecast period. Mounting concerns related to global warming, rising energy cost coupled with power shortage are some other promising factors influencing evaporative air coolers market.
The overall evaporative air coolers market is segmented, based on type, into portable and external evaporative air coolers. External evaporative air coolers is a cost and energy efficient solution and hence widely used across different industrial sectors. Effective cooling, less noise and permanently connected water supply are some of the prominent factors influencing positive growth for external evaporating air coolers segment. Thus, external evaporative coolers is set to retain its dominance in the market throughout the forecast period.
Asia Pacific is the largest regional market for evaporative air coolers owing to the presence of huge industrial sector in the region. The market is majorly governed by countries such as China, Japan, South Korea and India among others having large industrial manufacturing & processing and power generation sectors. Further, due to initiatives such as ‘Make in India’, the manufacturing sector in Asia Pacific is set to witness robust growth in the years to come. This is further expected to ensure steady market growth during the forecast period.
Major drivers of evaporative air cooler market:
- Rising energy costs
- Global warming
- Universal demand for high efficiency products
- Growing industrialization
- Lower maintenance and operational cost
- Growing emphasis on sustainable cooling equipment
- Increasing application area of evaporative air coolers
Major restraints of evaporative air cooler market:
- High initial costs
- High water requirement
- Lack of air filtering
- Dry & hot air limitation
The global evaporative air cooler market is segmented on the following basis:
- Product Type
- Portable Evaporative Coolers
- External Evaporative Coolers
- Industry Vertical
- Manufacturing & Processing Industries
- Agriculture
- Residential
- Commercial
- Power Generation
- Geography
- North America
- U.S.
- Rest of North America
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- Japan
- China
- South Asia
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East & Africa (MEA)
- Latin America
Key players identified for evaporative air coolers market include but are not limited to:
Celcious Design Ltd., Colt Group Ltd., Condair Group, Delta Cooling Tower, Inc., EcoCooling, Baltimore Aircoil Company, SPX Cooling Technologies, Inc., AirGroup Australia, Climate Technologies, Brivis Climate Systems Pty Ltd. and others.
