Air Coolers Market Report 2025

The air coolers market size has grown rapidly in recent years. It will grow from $1.79 billion in 2024 to $1.99 billion in 2025 at a compound annual growth rate (CAGR) of 11%. The growth in the historic period can be attributed to climate conditions and seasonal variations, energy efficiency concerns, affordability and cost-effectiveness, sustainable and eco-friendly cooling, rural and semi-urban demand.

The air coolers market size is expected to see rapid growth in the next few years. It will grow to $2.98 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to consumer preferences for natural cooling, product affordability and variety, availability and distribution, innovative designs and portability, population growth and urbanization. Major trends in the forecast period include home cooling preferences, diverse product range and features, government policies and incentives, consumer education and awareness.

The air coolers market is poised for growth owing to the escalating hot weather conditions. These cooling devices, employed in buildings, areas, or vehicles, serve to lower ambient temperatures. Air coolers are instrumental in cooling rooms within structures and can even be utilized to convert thermally insulated casings into refrigerators. The World Meteorological Organization noted in 2022 that the global average temperature had risen by 1.15 [1.02 to 1.28] °C compared to the 1850-1900 period. This increase in temperatures is a driving force behind the surge in demand for air coolers.

The expanding construction and infrastructure sectors are anticipated to drive the growth of the air coolers market in the future. This sector includes a broad array of activities related to the construction, repair, and maintenance of physical structures and systems that are essential for societal living conditions and economic advancement. Air coolers play a crucial role in these sectors by offering efficient and sustainable cooling solutions for various applications, thereby enhancing worker safety, improving equipment efficiency, and maintaining climate control during construction projects and infrastructure development. For example, in July 2024, the US Census Bureau, a government agency in the United States, reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the growth of the construction and infrastructure sectors is significantly driving the air coolers market.

Major companies in the air coolers market are focusing on technological advancements such as uniform airflow technology to improve energy efficiency, enhance cooling performance, and introduce innovative features that cater to the changing needs of consumers and businesses. This technology ensures the consistent and even distribution of cooled air throughout a space, reducing hot spots and enhancing overall comfort. For example, in September 2022, Novamax Air Coolers, an India-based manufacturing company, launched premium quality and durable industrial air coolers. These air coolers incorporate advanced cooling technology, including honeycomb cooling pads that boost efficiency and improve air quality. Additionally, many models come with multifunctional capabilities, serving as air purifiers as well.

Prominent entities within the air coolers market are strategically focused on introducing technologically advanced and efficient solutions, aiming to optimize their market presence and drive profitability. These efficient air coolers, also recognized as evaporative or swamp coolers, operate on the principle of evaporation to cool surrounding air, offering cost-effective and energy-efficient cooling solutions. An illustrative example occurred in April 2023 when Symphony Ltd., an India-based manufacturer of evaporative air coolers, unveiled an air cooler series leveraging BLDC (Brushless Direct Current) technology. These coolers exhibit exceptional energy efficiency, consuming up to 60% less power compared to conventional counterparts, resulting in potential annual energy savings of up to Rs 2,000 ($24). The BLDC range includes models with water tank capacities of 80 liters, 55 liters, and 30 liters. Beyond their energy efficiency, these models boast additional features such as a touchscreen control panel, an alert for empty water tanks, 7-speed settings, and an 8-hour night sleep mode. Symphony's coolers are designed to operate with 10% less energy consumption than air conditioners, substantially reducing their carbon footprint equivalent to the growth of 18 trees annually.

In July 2024, Panasonic Holdings Corporation, a Japan-based electronics firm, acquired Area Cooling Solutions for an undisclosed sum. This acquisition aims to enhance Panasonic's capabilities in a particular sector, broaden its product offerings, and strengthen its market position. Area Cooling Solutions is a Poland-based manufacturer specializing in refrigeration equipment, including condensing units.

Major companies operating in the air coolers market are Bajaj Electricals Ltd., Symphony Limited, Havells India Limited, Honeywell International Inc., Orient Electric Ltd., Voltas Limited, Usha International Limited, V-Guard Industries Ltd., LG Electronics Inc., Blue Star Limited, Carrier Corporation, Daikin Industries Ltd., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Toshiba Corporation, Whirlpool Corporation, Hitachi Ltd., Gree Electric Appliances Inc. of Zhuhai, Midea Group Co. Ltd., Hisense Electrical Co Ltd, TCL Corporation, Electrolux AB, Haier Group Corporation, Trane Technologies PLC, Lennox International Inc.

Asia-Pacific was the largest region in the air coolers market in 2024. The regions covered in the air coolers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air coolers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An air cooler is a device designed to cool the air within a building, area, or vehicle. It is utilized for cooling rooms in buildings and creating refrigerators with thermally insulated casings. The operation of an air cooler involves drawing in fresh air from the outside and cooling it. Unlike air conditioners, air coolers do not dry out the air, and they contribute to better air quality, depending on their functioning.

The main types of air coolers include tower coolers, desert coolers, and others. A tower cooler is a tall, oscillating fan shaped like a tower and supported by a base. These tower coolers are available in various sizes, including spot coolers, medium space coolers, and large space coolers, catering to different applications such as industrial, residential, and commercial cooling needs.

The air coolers market research report is one of a series of new reports that provides air coolers market statistics, including air coolers industry global market size, regional shares, competitors with an air coolers market share, detailed air coolers market segments, market trends and opportunities, and any further data you may need to thrive in the air coolers industry. This air coolers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The air coolers market consists of sales of wet air coolers, dry air coolers, and absorption air coolers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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