Air Coolers Market Report 2026

The air coolers market size has grown rapidly in recent years. It will grow from $1.95 billion in 2025 to $2.15 billion in 2026 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increasing urbanization and residential construction, rising temperatures in arid and semi-arid regions, growing preference for low-cost cooling solutions, expansion of industrial cooling requirements, increased awareness of ventilation benefits.

The air coolers market size is expected to see strong growth in the next few years. It will grow to $3.14 billion in 2030 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to increasing demand for energy-efficient cooling appliances, rising adoption of smart home cooling devices, growing focus on sustainable cooling alternatives, expansion of commercial space cooling needs, increasing replacement of traditional cooling systems. Major trends in the forecast period include increasing adoption of energy-efficient evaporative cooling systems, rising demand for portable and compact air coolers, growing integration of smart controls and sensors, expansion of eco-friendly cooling materials, enhanced focus on improved indoor air quality.

The expanding construction and infrastructure sectors are expected to drive demand for the air coolers market going forward. The construction and infrastructure sector includes activities related to building, repairing, and maintaining physical structures and systems that underpin societal living standards and economic growth. Air coolers contribute to these sectors by offering efficient and sustainable cooling solutions for a variety of uses, supporting worker safety, protecting equipment performance, and providing climate control during construction and infrastructure projects. For example, in July 2024, the US Census Bureau reported that the value of construction work increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Consequently, expansion in construction and infrastructure is fuelling growth in the air coolers market.

Companies in the air coolers market are prioritizing advanced, energy-efficient technologies to capture market share and improve margins. An evaporative cooler - commonly called an air cooler or swamp cooler - cools air through evaporation and offers a cost-effective, energy-saving alternative to traditional air conditioning. For instance, in April 2023, Symphony Ltd., an India-based evaporative cooler manufacturer, launched a BLDC (Brushless Direct Current) powered cooler range that uses up to 60% less electricity than conventional coolers, yielding estimated annual savings of about Rs 2,000 (≈ $24). The range includes models with 80-, 55-, and 30-liter tanks and features such as a touchscreen control panel, empty-tank alert, seven speed settings, and an eight-hour night mode. Symphony states these coolers use roughly 10% less energy than air conditioners and claim a carbon-footprint benefit equivalent to growing 18 trees per year.

In July 2024, Panasonic Holdings Corporation, a Japan-based electronics firm, acquired Area Cooling Solutions for an undisclosed sum. Through this acquisition, Panasonic intends to broaden its capabilities in the cooling and refrigeration segment, expand its product portfolio, and strengthen its market position. Area Cooling Solutions is a Poland-based manufacturer of refrigeration equipment, including condensing units.

Major companies operating in the air coolers market are Symphony Limited, Bajaj Electricals Limited, Havells India Limited, Usha International Limited, Orient Electric Limited, V-Guard Industries Limited, Voltas Limited, Blue Star Limited, Crompton Greaves Consumer Electricals Limited, Kenstar, Honeywell, Whirlpool Corporation, Haier Group Corporation, LG Electronics Incorporated, Maharaja Whiteline, Impex Appliances, Ram Coolers India, McCoy, Cruise Appliances India, KAFF Appliances.

Asia-Pacific was the largest region in the air coolers market in 2025. The regions covered in the air coolers market report are Asia-Pacific, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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