Asia-Pacific Evaporative Air Cooler Market Outlook, 2029
The Asia-Pacific Evaporative Air Cooler Market is segmented into By Type (Tower, Desert, Window, Personal and Other) and By Application (Residential, Commercial).
- Bonafide Research
- 31-03-2024
- Pages : 80
- Figures : 14
- Tables : 19
- Region : Asia-Pacific
- Category : Consumer Goods & Services
- Appliances & Equipment
The Asia-Pacific Evaporative Air Cooler market to grow above 5% CAGR from 2024 to 2029, infrastructure development in emerging economies are fueling the demand.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- CAGR (2024-2029) 5%
- Largest MarketChina
- Fastest Market Australia
- Format
Featured Companies
- 1. Blue Star Limited
- 2. Havells India Limited
- 3. Honeywell International Inc.
- 4. Midea Group Co Limited
- 5. Orient Electric Limited
- 6. Panasonic Corporation
- More...
Evaporative Air Cooler Market Market Analysis
The Asia-Pacific region, known for its large and diverse scenery, is home to a thriving market for evaporative air coolers. From Australia's arid deserts to Southeast Asia's tropical tropics, demand for effective and sustainable cooling solutions is continuously increasing. Evaporative air coolers, commonly known as swamp coolers, have become a popular way to battle the searing heat in this dynamic region. Let's look at the panorama of evaporative cooling in the Asia-Pacific and learn some crucial facts about this quickly evolving business. The diversified climate of Asia-Pacific is one of the factors fueling the expansion of the evaporative air cooler market. Countries in the Asia-Pacific region have a wide range of temperatures, from the hot and dry conditions of Central Asia to the humid tropics of Southeast Asia. Evaporative air coolers offer a versatile cooling solution that can adapt to different climatic conditions, making them suitable for a variety of environments and applications. In Australia, where summer temperatures can soar, evaporative air coolers are commonly utilized in residential, commercial, and industrial settings. The arid climate of the Australian Outback provides ideal conditions for evaporative cooling, fueling demand for these devices throughout the country. Similarly, in nations like India and Pakistan, where high temperatures are combined with humidity, evaporative air coolers provide relief from the oppressive heat, particularly in areas with limited access to power or central air conditioning. The Asia-Pacific area is also known for rapid urbanization and population increases, particularly in China and India. As cities grow and become more densely populated, the demand for cooling solutions increases. Evaporative air coolers are a cost-effective and energy-efficient way to cool homes, offices, and public spaces in rapidly developing urban centers, contributing to their widespread adoption in the region. According to the research report "Asia-Pacific Evaporative Air Cooler Market Outlook, 2029," published by Bonafide Research, the Asia-Pacific Evaporative Air Cooler market is predicted to grow with more than 5% CAGR from 2024 to 2029. The Asia-Pacific region is at the cutting edge of technical innovation and manufacturing. Many top evaporative air cooler manufacturers are headquartered in countries such as China, South Korea, and Taiwan, where they use modern engineering and manufacturing capabilities to provide cutting-edge cooling products. These manufacturers continue to invest in R&D to improve product performance, efficiency, and user experience, hence fostering industry innovation. Another major factor driving the Asia-Pacific evaporative air cooler market is environmental sustainability. With increased worries about climate change and energy usage, governments and consumers are turning to more environmentally responsible cooling options. Evaporative air coolers, with their low energy usage and dependence on natural processes, connect well with sustainability goals, making them a popular choice for environmentally concerned customers and businesses throughout the region. In China, the world's most populous country, evaporative air coolers are becoming increasingly popular in both urban and rural locations. As fast industrialization and urbanization cause rising temperatures and air pollution in cities, evaporative coolers offer a cost-effective and ecologically responsible way to cool homes, businesses, and public spaces. Furthermore, in rural locations where access to electricity is limited, evaporative coolers provide a dependable cooling solution fueled by renewable energy sources such as solar panels. The Pacific Islands, which include Fiji, Samoa, and Papua New Guinea, present particular problems due to their remote locations and poor infrastructure. Evaporative air coolers provide a practical and economical solution for cooling homes and small businesses in these island nations, where access to typical air conditioning systems is limited or prohibitively expensive.
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Major Drivers Climate variability: The diverse environment of the Asia-Pacific region, which ranges from hot and dry to humid and tropical, fuels demand for evaporative air coolers. Evaporative coolers are effective cooling solutions in dry regions such as Australia and Central Asia. In contrast, in tropical countries such as Southeast Asia, where high humidity levels make typical air conditioning systems ineffective, evaporative coolers provide a cost-effective and environmentally benign solution. Rapid urbanization: The growing urbanization of several Asia-Pacific countries, particularly highly populated cities such as Beijing, Mumbai, and Jakarta, is driving demand for cooling solutions. Evaporative air coolers are popular for chilling residential apartments, office buildings, and commercial spaces in metropolitan settings where typical air conditioning is limited or prohibitively expensive. Major Challenges Regulatory compliance: The Asia-Pacific region includes several countries with various legislative frameworks governing the sale and usage of cooling appliances. Evaporative air cooler producers must navigate each market's unique regulatory requirements for energy efficiency, safety, and environmental compliance. Ensuring compliance with various regulatory regimes complicates product development, certification, and market entry, making it difficult for manufacturers to establish a presence throughout the area.
Evaporative Air Cooler Market Segmentation
| By Type | Tower | |
| Desert | ||
| Window | ||
| Personal | ||
| Other | ||
| By Application | Residential | |
| Commercial | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
Based on type segment market includes tower, desert, window, personal and others. Window type is playing key role in Asia-Pacific evaporative air cooler market. Based on application segment market is divided into residential and commercial. Among them residential application is playing major role in Asia-Pacific evaporative air cooler market. The cost of buying and installing window-type evaporative coolers is frequently lower than that of split-type or central air conditioning systems. Those in lower-class households and those in emerging nations who value affordable cooling options will find this affordability particularly tempting. Evaporative cooling works especially well in the hot, humid conditions of several Asia-Pacific countries. For areas with high temperatures and moderate to high humidity levels, window-type evaporative coolers are ideal since they use the natural process of water evaporation to cool the air. Refrigerants or compressors are not necessary in such settings since evaporative cooling can offer comfortable and energy-efficient cooling. Users can modify the direction and intensity of airflow in window-type evaporative coolers by adjusting the louvers or vents. This adjustable cooling feature allows users to guide cool air into specific regions of a room or change airflow to their liking, increasing comfort and energy efficiency. Many Asian countries prefer practical and affordable cooling technologies that provide relief from hot and humid weather conditions. Window-type evaporative coolers are well suited to these tastes, providing efficient and cost-effective cooling for home, commercial, and industrial uses. Evaporative air coolers are available in a variety of sizes and configurations, including portable and window-mounted types, providing flexibility in installation and use within residential settings. Portable evaporative coolers are especially popular among homeowners who want to move the cooler between rooms or outdoor spaces as needed, offering targeted cooling where it's needed the most. Evaporative air coolers provide scalable cooling systems that are modified to match the unique needs of each home. Whether in a small apartment or a large suburban home, evaporative coolers are available in a variety of sizes and capacities to meet varied living spaces, ensuring adequate cooling regardless of the residential situation.
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Evaporative Air Cooler Market Market Regional Insights
Based on report market is divided into five major categories including, China, Japan, India, Australia and South Korea. India is expected to play key role in Asia-Pacific evaporative air cooler market. India's climate varies greatly, from hot and dry in the northern plains to hot and humid in coastal regions and the south. Evaporative air coolers are extremely successful in India's hot and arid regions, offering efficient and cost-effective cooling solutions. With soaring summer temperatures, particularly in places such as Rajasthan, Gujarat, and parts of North India, evaporative coolers provide relief from the heat without the high energy consumption associated with standard air conditioning systems. As India's economy develops and urbanization accelerates, there is a huge growth in demand for cooling solutions, particularly in cities. With increased urbanization, the number of residences and commercial buildings that require cooling solutions is increasing. Evaporative air coolers cater to this growing demand by offering affordable and energy-efficient cooling options suitable for both residential and commercial applications. In a country where energy prices can be a major concern for customers, evaporative air coolers stand out for their energy efficiency and low price. Evaporative coolers use substantially less electricity than standard air conditioning systems, making them a good choice for budget-conscious customers. Furthermore, evaporative air coolers have reduced startup and ongoing costs, making them more affordable to a larger range of people. India has developed as a manufacturing hub for evaporative air coolers, with numerous domestic and international companies establishing production plants there. India's significance as a cooling appliance manufacturing destination is due to the availability of a trained workforce, attractive investment rules, and a strong supply chain ecosystem. The availability of local production facilities guarantees quick delivery and competitive pricing for evaporative air coolers, further driving market growth and penetration.
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Companies Mentioned
- Blue Star Limited
- Havells India Limited
- Honeywell International Inc.
- Midea Group Co Limited
- Orient Electric Limited
- Panasonic Corporation
- Toshiba Corporation
- Crompton Greaves Consumer Electricals Limited
- Daikin Industries Limited
- Carrier Global Corporation
- Groupe SEB
- Haier Group Corporation
- Gree electric appliances
- Sharp Corporation
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Evaporative Air Cooler Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Type
- 5.4. Market Size and Forecast, By Application
- 6. Asia-Pacific Evaporative Air Cooler Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Type
- 6.4. Market Size and Forecast, By Application
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. China Evaporative Air Cooler Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Type
- 7.8.3. Market Size and Forecast By Application
- 7.9. Japan Evaporative Air Cooler Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Type
- 7.9.3. Market Size and Forecast By Application
- 7.10. India Evaporative Air Cooler Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Type
- 7.10.3. Market Size and Forecast By Application
- 7.11. Australia Evaporative Air Cooler Market Outlook
- 7.11.1. Market Size By Value
- 7.11.2. Market Size and Forecast By Type
- 7.11.3. Market Size and Forecast By Application
- 7.12. South Korea Evaporative Air Cooler Market Outlook
- 7.12.1. Market Size By Value
- 7.12.2. Market Size and Forecast By Type
- 7.12.3. Market Size and Forecast By Application
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Honeywell International Inc.
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Havells India Limited
- 8.5.3. Gree Electric Appliances Inc.
- 8.5.4. Haier Group Corporation
- 8.5.5. Orient Electric Limited
- 8.5.6. Midea Group
- 8.5.7. Sharp Corporation
- 8.5.8. Blue Star Ltd
- 8.5.9. Carrier Global Corporation
- 8.5.10. Panasonic Corporation
- 8.5.11. Crompton Greaves Consumer Electricals Limited
- 8.5.12. Toshiba Corporation
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Evaporative Air Cooler Market Size and Forecast, By Type (2018 to 2029F) (In USD Million)
Table 6: Global Evaporative Air Cooler Market Size and Forecast, By Application (2018 to 2029F) (In USD Million)
Table 7: Asia-Pacific Evaporative Air Cooler Market Size and Forecast, By Type (2018 to 2029F) (In USD Million)
Table 8: Asia-Pacific Evaporative Air Cooler Market Size and Forecast, By Application (2018 to 2029F) (In USD Million)
Table 9: Influencing Factors for Evaporative Air Cooler Market, 2023
Table 10: China Evaporative Air Cooler Market Size and Forecast By Type (2018 to 2029F) (In USD Million)
Table 11: China Evaporative Air Cooler Market Size and Forecast By Application (2018 to 2029F) (In USD Million)
Table 12: Japan Evaporative Air Cooler Market Size and Forecast By Type (2018 to 2029F) (In USD Million)
Table 13: Japan Evaporative Air Cooler Market Size and Forecast By Application (2018 to 2029F) (In USD Million)
Table 14: India Evaporative Air Cooler Market Size and Forecast By Type (2018 to 2029F) (In USD Million)
Table 15: India Evaporative Air Cooler Market Size and Forecast By Application (2018 to 2029F) (In USD Million)
Table 16: Australia Evaporative Air Cooler Market Size and Forecast By Type (2018 to 2029F) (In USD Million)
Table 17: Australia Evaporative Air Cooler Market Size and Forecast By Application (2018 to 2029F) (In USD Million)
Table 18: South Korea Evaporative Air Cooler Market Size and Forecast By Type (2018 to 2029F) (In USD Million)
Table 19: South Korea Evaporative Air Cooler Market Size and Forecast By Application (2018 to 2029F) (In USD Million)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Evaporative Air Cooler Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 5: Global Evaporative Air Cooler Market Share By Region (2023)
Figure 6: Asia-Pacific Evaporative Air Cooler Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 7: Asia-Pacific Evaporative Air Cooler Market Share By Country (2023)
Figure 8: China Evaporative Air Cooler Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 9: Japan Evaporative Air Cooler Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 10: India Evaporative Air Cooler Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 11: Australia Evaporative Air Cooler Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 12: South Korea Evaporative Air Cooler Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 13: Competitive Dashboard of top 5 players, 2023
Figure 14: Porter's Five Forces of Global Evaporative Air Cooler Market
Evaporative Air Cooler Market Market Research FAQs
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