Evaporative cooler is a device which cools air through the evaporation of water, also known as swamp cooler, desert cooler, swamp box, and wet air cooler. It is easy to use & cool the surroundings through the dissipation of water & heat. It requires fresh air and work best with open windows & doors. It is best suited for showrooms, residences, offices, shops, especially where doors are opened & closed frequently. Its operating cost is typically half compare to a central air conditioner, thus it is an energy efficient and environmentally friendly device.
The key benefits are included ease of installation & maintenance, less expensive to install & operate and ventilation air. Apart from benefits, some of the drawbacks are health hazards, low comfort and dependency of the system on external climate.
According to study, “World Evaporative Air Cooler for Home Market Research Report 2024(Covering North America, Europe, China, South East Asia, Japan and India)” the key companies operating in the world evaporative air cooler for home market are Symphony (Keruilai) Ltd., BRIVIS, Climate Technologies, Aolan (Fujian) Industry Co., Ltd., Airgroup, Fujian Jinghui Environmental Technology Co., Ltd, Excelair, Seeley International Pty Ltd., PMI, Kenstar, Eick, Lianchuang, Bajaj Electricals Ltd., Heaire, Media, Khaitan Electricals Ltd., Hessaire Products, Inc., NewAir (Luma Comfort), Phoenix Manufacturing, Honeywell International Inc., SPT, Delonghi Appliances S.r.l., Crompton Greaves Consumer Electricals Ltd., Ram Coolers, Canbara Industries Private Limited, Groupe SEB India Private Limited, Orient Electric Limited, Usha International Limited, Vego Home Science Private Limited, Luoyang Longhua Heat Transfer and Energy Conservation Co., Ltd., Hindustan Sanitaryware and Industries Limited, Marc Enterprises Private Limited, Wim Plast Limited, Delta Cooling Towers Inc., Enexio Water Technologies GmbH, Condair Group, Eco Cooling, SPX Cooling Technologies, Celtic Cooling, Baltimore Aircol Company, Colt Group, Munters, Celcius Design Ltd., Evapcool, KAIL Limited, Bajaj Electricals Limited, Voltas Limited. The key companies are engaging in mergers & acquisitions (M&A) to strengthen their position in the evaporative air cooler market.
Based on product type, evaporative air cooler for home market is segmented into window air coolers, portable air coolers and whole house air coolers. Based on material type, market is segmented into excelsior (aspen wood fiber), melamine paper, plastics, corrugated cardboard and others. Based on function type, market is segmented into automatic and semi-automatic. Based on distribution channel, market is segmented into HVAC contractors & distributors, big box retailers and other distribution channels. In addition, based on end-use, market is segmented into commercial and residential.
The evaporative air cooler for home market is driven by rise in temperatures across the world, followed by increase in adoption of home cooling appliances, growth in consumer spending capacity on luxury items, rise in disposable income & increase in shift to luxury lifestyle. However, lower comfort & product quality and shorter life may impact the market.
Based on geography, South East Asia region holds major share in evaporative air cooler for home market owing to rise in demand for climate comfort devices caused by higher temperature in the region. North America, India and China regions are poised to witness notable growth due to dry and hot climate in the regions. It is anticipated that the future of the market will be bright on account of presence of a large number of global as well as local manufactures over the forecast period.
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Ankur Gupta, Head Marketing & Communications