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Evaporative Coolers Market Size

Report ID: GMI7896
Published Date: Jan 2024
Report Format: PDF

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Evaporative Coolers Market Size

Evaporative Coolers Market was valued at USD 5 billion in 2023 and is anticipated to grow at a CAGR of over 6.5% between 2024 & 2032. With the rising awareness of the importance of indoor air quality, consumers and businesses are seeking cooling solutions that provide efficient temperature control and contribute to fresher & healthier indoor environments. Evaporative coolers, with their ability to circulate fresh air and reduce pollutants, align with this growing demand for sustainable & health-conscious cooling solutions, positioning them as a preferred choice in the market.

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An evaporative cooler, also known as a swamp cooler, cools air using water evaporation. It pulls warm air through wet pads, where water evaporates, absorbing heat and cooling the air. It is cost-effective, energy-efficient, and well-suited for dry climates, adding moisture while cooling indoor or outdoor spaces.

Evaporative Coolers Market Report Attributes
Report Attribute	Details
Base Year:	2023
Evaporative Coolers Market Size in 2023:	USD 5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.5%
2032 Value Projection:	USD 8.5 Billion
Historical Data for:	2018 - 2023
No. of Pages:	220
Tables, Charts & Figures:	339
Segments covered:	Type, Mounting Type, Sales Channel, End-use, and Region
Growth Drivers:	Increasing demand for energy-efficient cooling Growing awareness of sustainable cooling solutions Rising popularity in arid and semi-arid regions Advancements in evaporative cooling technology Increasing focus on indoor air quality
Pitfalls & Challenges:	Limited effectiveness in humid climates Water quality concerns

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The market for evaporative coolers faces challenges due to their limited effectiveness in humid climates, hindering wide adoption. In regions with high humidity levels, the efficiency of evaporative coolers diminishes as the evaporation process becomes less effective. This limitation reduces their cooling capacity, making them less suitable for highly humid areas, thereby restricting their market potential.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of evaporative coolers was reached USD 5 billion in 2023 and is anticipated to grow at a CAGR of over 6.5% between 2024 & 2032, attributed to the ability to circulate fresh air and reduce pollutants.

The direct evaporative coolers market held over 45% revenue share in 2023, favored by energy efficiency and eco-friendliness.

North America evaporative coolers market held a revenue share of over 30% in 2023 and is expected to grow at a lucrative pace through 2032, driven by the eco-friendliness of evaporative coolers and the region's emphasis on sustainability.

Honeywell International Inc., Frigidaire, Munters, Cajun Kooling LA, LLC., Portacool LLC, Hessaire, and Big Ass Fan.