Evaporative Air Coolers Market - Snapshot
Innovations in cooling technologies along with increased emphasis of elevating the aesthetic appeal of the air coolers are some of the crucial motivators for the global evaporative air coolers market. Many manufacturers have identified the problem faced by the consumers regarding traditional air coolers which is that these air coolers take up a considerable amount of space and might be mismatched with the desired aesthetics. Numerous manufacturers and product designers have been focused on making their air coolers more stylish, compact in size, and sleeker. This is anticipated to favor the thriving global evaporative air coolers market in years to come. Players are also focused on increasing the applicability of their products by making them effective for usage even in humid or coastal environments. This is anticipated to stimulate growth in the global evaporative air coolers market.
Furthermore, products in the global evaporative air coolers market do not use any environmentally harmful cooling agents or chemicals such as CFC, HCFC, or any other hydrofluorocarbons. These chemicals, however, are increasingly used in air conditioners to cool the surroundings. Eco-friendly nature of these modern day air coolers is also expected to foster growth in the global evaporative air coolers market in coming years. Certain companies have started coupling their product offerings in global evaporative air coolers market with advanced technologies such as honeycomb cooling pads that result in reduction of maintenance costs and increase in the cooling capacity of the cooler.
An evaporative air cooler refers to a type of air conditioner that functions by deriving the power of evaporation to bring down temperature of the surroundings. In the process of evaporation, water is turned into gas. As it happens, the particles of highest energy leave the water first and then it results in a drop of temperature. The global evaporative air coolers market is expected to gather momentum due to its high energy efficiency and effectiveness over traditional air conditioners.
In comparison with traditional air conditioners, evaporative coolers come with two major advantages. These two major benefits of evaporative air coolers are sustainability and high energy efficiency. Both the benefits come from the fact that these air coolers make use of far less electricity than the traditional ones to function. As a matter of fact, the traditional air conditioners reportedly make use of as much as seven times more electrical power than evaporative air coolers. This disadvantage of conventional air conditioners is likely to open up the scope of growth for the global evaporative air coolers market in the years to come.
Utilization of less electricity indicates at evaporative cooler reducing the carbon footprint in the environment. It also means lesser utility bills, which makes it an economically feasible option for middle class people. This factor is likely to drive the demand for evaporative air coolers in the years to come. Furthermore, these coolers do not use any kind of chemical refrigerants and it uses only water. Therefore, these coolers are not harmful for the ozone layer.
Type, application, function, and region are the four important parameters based on which the global evaporative air coolers market has been categorized. Such dissection of the market comes with the purpose to offer stakeholders with a detailed and clear analysis of the global evaporative air coolers market.
One of the developments that offer a glimpse of the market dynamics about the global evaporative air coolers market is mentioned below:
Some of the prominent organizations in the global evaporative air coolers market include the below-mentioned:
The global evaporative air coolers market is characterized by the presence of the following restraints, drivers, and opportunities.
Evaporative air cooler is not a new concept, rather an old and common technology in the field of evaporative cooling. The commercial kitchens, warehouses, and residential sector comprise the major end use segments of the evaporative air coolers. The residential sector is likely to comprise one of the leading end users of the global evaporative air coolers market due to growing concern for the environment and reduced utility bills. Portable evaporative coolers are likely to gain more popularity in the residential sector in the coming years. The demand for stationery evaporative coolers is also expected to observe a surge in demand as they save space on the floor by getting installed on the wall. Furthermore, evaporative air coolers are priced economically, which puts it within the reach of a wider base of people and small-scale industries
Increasing popularity of evaporative air coolers that are powered by solar energy is estimated to come up as an emerging trend. Reducing price of solar powered evaporative air coolers and rising environmental awareness amongst people are likely to spell growth for the global evaporative air coolers market in the years to come.
Middle East and Africa and Asia Pacific have witnessed considerable change in the climate over the last couple of years, which has impacted the lives of people in these two geographies in more than one ways. The change in climate has resulted in soaring of temperatures in these two regions, which is likely to play a crucial role in the development of the evaporative air coolers in these regions. These coolers are economically priced, which makes these coolers popular amongst the vast middle class population these regions.