Portable Evaporative Air Cooler Market, By Product (Automatic and Semi-Automatic), By End-user (Industry, Commercial, and Home), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI259719 | Publish Date: April 2024 | No. of Pages: 180

Global Portable Evaporative Air Cooler Overview

Portable Evaporative Air Cooler Market was valued at US$ 2.8 billion in 2024 and is projected to grow at a CAGR of 9.3% to reach US$ 6.3 billion by 2034.

A portable evaporative air cooler uses water's evaporation to reduce the heat in the air. Evaporative cooling is distinct from cooling systems. The principle of vapor-compression or absorption refrigeration cycles is used by air conditioning systems, whereas adding water vapor to the air results in evaporative cooling, which lowers the air's temperature. It functions by using the high internal heat capacity of vaporization in water. The energy needed to evaporate water is taken up by sensible heat, which lowers the air's temperature. Thus, the phase shift of liquid water into water vapor may drastically reduce the temperature of dry air. This cooling technology uses less energy than refrigeration, making it more economical.Evaporative air cooling has the extra benefit of conditioning the air with moisture, which increases building occupant comfort in arid regions.

It is a low-impact natural cooling method installed as a central cooling unit on a roof and connected to a ceiling duct system. Furthermore, evaporative cooling uses a natural process to keep homes cooler while releasing less carbon dioxide. This makes it an energy-efficient technology. Furthermore, rising worldwide temperatures, heightened usage of home cooling appliances, growing consciousness of global warming, and steady product innovation are a few of the key factors influencing the future market for evaporative air coolers.Also, evaporative air coolers work best in hot, dry conditions, which is why the need for cooling solutions has risen owing to the global temperature rise brought on by climate change.

Nonetheless, the climate's increasing humidity may not be favorable for portable evaporative air coolers. These coolers' efficiency will drop in humid environments because of decreased evaporation. It is also challenging for those who live in places with limited water supplies to choose these coolers because they need a continuous water supply.

Introduction Portable Evaporative Air Cooler Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Portable Evaporative Air Cooler Drivers & Restraints

Portable Evaporative Air Cooler Market Key Drivers:

  • More energy efficient coolers

Portable evaporative air coolers use energy-intensive refrigeration cycles. These coolers are an appealing and affordable cooling solution because they provide natural ventilation by continuously introducing fresh outdoor air into the indoor environment, improving air quality, and promoting better overall health and well-being.

These coolers offer natural ventilation by continuously bringing fresh outdoor air to the inside space, enhancing air quality and fostering improved general health and well-being. They are an appealing and affordable cooling option. Because these air coolers don't utilize harmful refrigerants like HCFC, CFC, and other hydrofluorocarbons that are often found in air conditioners, they are more environmentally friendly. Furthermore, these coolers require little maintenance and are simple to install and maintain.

  • Technological advancements

The market for portable evaporative air coolers is growing thanks primarily to technological developments. These coolers are becoming more effective and user-friendly because of innovations, including energy-efficient designs, air purification filters, and remote control operations. To appeal to a broader range of consumers, producers are also concentrating on creating models that are aesthetically beautiful and complement contemporary home designs.

Additionally, smart portable evaporative air coolers with Internet of Things (loT) integration are becoming more popular. These coolers allow customers to monitor and operate their equipment using smartphones. These smart coolers' increased efficiency and convenience will pique consumers' attention and propel the market's expansion.

Portable Evaporative Air Cooler Market Restrains:     

  • Limited cooling efficiency

When ambient humidity increases, the evaporative capacity of the portable air coolers may be compromised, and the pace at which these coolers evaporatively cooldown decreases with increasing aridity. This disadvantage restricts the market potential for portable evaporative air coolers, particularly in tropical or subtropical regions or in areas with high relative humidity.

Portable Evaporative Air Cooler Market Opportunities:

  • The market for portable evaporative air cooler present significant opportunities like the rising temperature and increasing need for portable cooling solutions. Constantly changing lifestyle of people as they opt for more sustainable and energy efficient options that consume less electricity and water is anticipated to propel the market further.
  • Also, manufacturers and innovators are trying to create more innovative products such as wall mounted air coolers and many such products. All these factors offer promising opportunities to the development of Portable Evaporative Air Cooler Market.

Global Portable Evaporative Air Cooler Segmentations & Regional Insights

The portable Evaporative Air Cooler Market is segmented based on Product, End-user, and region:

Product Insights:      

  • Automatic:

The automated portable evaporative air coolers operate with sophisticated features that enable automatic operation. These features include automatic water replenishment and automatic cooling adjustment depending on humidity and temperature readings.

  • Semi-Automatic:

For most consumers, semi-automatic portable evaporative air coolers are economical and convenient. They frequently need the cooling settings adjusted and the water replenished manually.

Among the segments mentioned above, the one that dominated the market is the Semi-Automatic segment. They are inexpensive, don't need much attention for maintenance, are water—and energy-efficient, and offer a cost-effective solution to customers.

End-user Insights:

  • Industry:

In industrial settings, the Portable Evaporative Air Coolers are used in various industrial applications, like factories, warehouses, and construction sites, to provide cooling in large open spaces.

  • Commercial:

Commercial applications include offices, retail stores, and restaurants, where these coolers maintain the ambient temperature for the comfort of employees and customers.

  • Home:

In residential settings, portable evaporative air coolers are frequently utilized as an economical and energy-efficient replacement for more driven-by-power standard air conditioners.

Among the segments mentioned above, the home segment dominates the market because of its many benefits, which include simplicity of use, mobility, increased disposable income for the middle class, and low maintenance costs.

Regional Insights:

Regional Insights - Portable Evaporative Air Cooler Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Portable Evaporative Air Cooler Market Regional Insights

  • North America market is estimated to witness a significantly large revenue share over the forecast period, due to the rising interest of people for energy-efficient coolers, mostly in commercial and industrial sectors.
  • Asia Pacific market is estimated to witness the fastest revenue share because of the rising industrial activities, continuous fluctuating climatic conditions, and growing disposable income among the middle class.
  • Europe market finds lucrative opportunities due to the growing focus on sustainable cooling solutions, stringent regulations and rising demand for portable coolers.
  • The Latin America market is increasing gradually due to the increasing industrial activities and demand for portable evaporative air coolers in industries and commercial spaces. 
  • The Middle East and Africa market is an emerging market due to the consistent arid climate and increasing demand for portable evaporative air coolers in residential and commercial settings.

Report Scope:

Attribute            

Details

Market Size 2024

US$ 2.8 billion

Projected Market Size 2034

US$ 6.3 billion

CAGR Growth Rate

9.3%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product - Automatic and Semi-Automatic.

By End-user - Industry, Commercial, and Home.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Portable Evaporative Air Cooler Market report based on Product, End-user and region:

Portable Evaporative Air Cooler Market, By Product:

  • Automatic
  • Semi-Automatic

Portable Evaporative Air Cooler Market, By End-user:

  • Industry
  • Commercial
  • Home

Portable Evaporative Air Cooler Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Portable Evaporative Air Cooler Competitive Landscape & Key Players

The key players operating the Portable Evaporative Air Cooler Market includes SPX Cooling Technologies, Inc., Kelvion Holding GmbH, Baltimore Aircoil Company, Inc., Evapco, Inc., Ebara Refrigeration Equipment & Systems Co. Ltd., Luoyang Longhua Heat Transfer and Energy Conservation Co., Ltd., Xiamen Mingguang Machinery Manufacturing Co., Ltd., Lanpec Technologies Ltd-A, Condair Group AG, and Honeywell International Inc.

Global Portable Evaporative Air Cooler Recent News

Recent Development:

  • In September 2022, Hessaire Products, Inc., added coolers in various colors to its line of portable evaporative coolers. The business introduced the MC18MT (teal blue), MC18M (off-white), MC18V (forest green), and MC18S (sand color) models, which can be used in both fan-only and evaporative cooler modes in response to client requests for certain styles and colors.

Global Portable Evaporative Air Cooler Company Profile

  • SPX Cooling Technologies, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kelvion Holding GmbH
  • Baltimore Aircoil Company, Inc.
  • Evapco, Inc.
  • Ebara Refrigeration Equipment & Systems Co. Ltd.
  • Luoyang Longhua Heat Transfer and Energy Conservation Co., Ltd.
  • Xiamen Mingguang Machinery Manufacturing Co., Ltd.
  • Lanpec Technologies Ltd-A
  • Condair Group AG
  • Honeywell International Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

FAQs

The Portable Evaporative Air Cooler Market is segmented into Type, Application, and Region.

Factors include the demand for energy-efficient cooling solutions, environmental concerns, and the versatility of portable evaporative air coolers, driving global growth.

Challenges include limited effectiveness in high humidity regions, potential noise concerns, and competition from traditional air conditioning, posing restraints on the global market.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, SPX Cooling Technologies, Inc., Kelvion Holding GmbH, Baltimore Aircoil Company, Inc., Evapco, Inc., Ebara Refrigeration Equipment & Systems Co. Ltd., Luoyang Longhua Heat Transfer and Energy Conservation Co., Ltd., Xiamen Mingguang Machinery Manufacturing Co., Ltd., Lanpec Technologies Ltd-A, Condair Group AG, and Honeywell International Inc.