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Evaporative Coolers Market Trends

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

Evaporative Coolers Market Trends

Evaporative coolers are gaining traction due to their eco-friendly and cost-effective nature. They are affordable and sustainable, which is increasing their popularity in the current market scenario. They are in high demand as environment-friendly substitutes for conventional air conditioning systems, particularly in areas with hot & dry climates. The need for evaporative coolers has increased owing to the emphasis on eco-friendly and energy-efficient cooling options, especially in homes and businesses looking to lower their environmental impacts.

Innovations in technology have made them more appealing. The incorporation of smart features, remote controls, and IoT integration has enabled convenient operation and energy optimization. Moreover, evaporative coolers' versatility in different climates has made them useful in a range of contexts, from outdoor events and public spaces to factories and warehouses. The growing consciousness of indoor air quality has also increased the demand for evaporative coolers with air purification systems.
 

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.

Evaporative Coolers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 339
  • Countries covered: 22
  • Pages: 220
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