The global portable evaporative cooler market size is expected to reach USD 4,036.55 Million by 2028; registering at a CAGR of 8.5% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Emergence of Enhanced Portable Evaporative Coolers to Provide Opportunities for Portable Evaporative Cooler Market During 2022–2028
Evaporative coolers are an effective solution and a better substitute for air conditioning systems across residential, commercial, and industrial applications in suitable environment conditions (with lesser humid climates). Also, the portable evaporative cooler is one of the effective solutions for compact applications such as household applications, industrial warehouses, and commercial offices. The demand for portable evaporative coolers is mainly driven by the rising need for effective cooling solutions along with climate change and wellness trends across different regions. Moreover, several companies across the market are developing innovative products to cater to the growing market demands from different applications and provide reliable solutions to their respective customers to remain competitive in the market. Moreover, several companies such as Honeywell International and HiCool are offering portable indirect evaporative coolers, whereas majority of the companies are engaged in providing portable direct evaporative cooler products to their respective customers due to high demand for such products across different regions. High energy-consuming cooling systems generate more harmful emissions for the surrounding environments. Therefore, governments of different countries have been focusing on putting regulations on the usage of high energy-consuming cooling systems and replace them with low energy-consuming air cooler technologies. The growing deployment of ACs across some highly populated countries such as China is restraining the portable evaporative cooler market growth across such regions. However, the demand for cost effective, energy efficient, and affordable cooling solutions are some of the major factors driving the major factors driving the portable evaporative cooler market growth.
Asia Pacific accounted for the largest share of the portable evaporative cooler market due to the high population, rising disposable income, and growing demand for cost-effective cooling solutions for residential and commercial applications across the region. Moreover, the presence of companies such as Evapoler Eco Cooling Solutions and Symphony Limited, which are pioneers in the Asian markets, is another major factor generating the demand for portable evaporative coolers across the region.
The portable evaporative cooler market is bifurcated on the basis of type and application. Based on type, the portable evaporative cooler market is segmented into direct evaporative cooler and indirect evaporative cooler. Based on application, the portable evaporative cooler market is segmented into residential, commercial, and industrial.
Portable Evaporative Cooler Market — by Region, 2022
Portable Evaporative Cooler Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Direct Evaporative Cooling and Indirect Evaporative Cooling) and Application (Residential, Commercial, and Industrial)
Portable Evaporative Cooler Market Share and Size Report 2028
Download Free Sample
Source: The Insight Partners Analysis
Symphony Limited, Portacool Inc, Coolboss LLC, Schaefer, and Honeywell International Inc are a few top market players profiled during the study of the market. Several other portable evaporative cooler market players such as Delta T LLC, Evapoler Eco Cooling Solutions, Hessiare Products Inc., Newair, Vankool Technology, and Metalurgica Manlleuense SA were studied and analyzed during this research study to get a holistic view of the portable evaporative cooler market size and its ecosystem. The market report provides detailed market insights, which help the players strategize their growth. The global portable evaporative cooler market is highly fragmented due to presence of large, small, and medium players, at regional and local level for addressing the local demand. Since, the market is in its maturity phase wherein the number of more startups and players are expected to make entry during the forecast period as well.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com