During the forecast period, the desert air cooler market is expected to see a CAGR of 10.2%. FMI analysis suggests that the market will reach a share of US$ 1.47 billion in 2023 and is projected to surpass a value of US$ 3.90 billion by 2033.
The increased urbanization, high automation in the consumer appliances industry, and efficient motors are gaining traction in the market. Furthermore, the growing construction of corporate structures is also flourishing the sales of stainless-steel desert air coolers.
The launch of new brands that integrate AI and Machine learning into efficient cooling technology is also contributing to the growth of desert air coolers. The craze for mini air coolers with honeycomb pads among consumers is garnering market growth.
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The expansion of e-commerce spaces along with high industrial demand for big-size desert air coolers with honeycomb pads bolsters the market growth.
Growing demand for smart, multifunctional, and efficient technology among consumers is another driving factor that fuels market growth.
Changing weather conditions are resulting in extreme summers and winters that are pushing people to adopt cooling appliances as preventive measures. This contributes to market growth.
Competitive Landscape
The key market vendors focus on using durable materials, AI integration, and efficient motor technology. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel. The key players working in the market are
- Olimpia Splendid S.p.A.
- Electrolux AB
- LG Electronics Inc.
- Havells India Ltd.
- Symphony Limited
- Phillips
- Daikin Industries.
Key Points
- The United States market is likely to lead the desert air cooler market in terms of market share. The market held a market share of 83.4% in 2022. The market growth is attributed to the increasing temperature and rising per capita income.
- India desert air cooler market is another significant desert air cooler market. It held a market share of 45.2% in 2022. The regional growth is attributed to the highly humid conditions and cheap prices of stainless-steel desert air coolers.
- The 50-60 Lt segment is likely to thrive in the water capacity category as it held a share of 39.2% in 2022. The growth is attributed to factors like the compact design and suitable performance for residential usage. While other categories have vertical-specific applications and perform accordingly.
- The indoor segment is expected to top the application type category as it covered a 58.1% share of the global market. The growth of this segment is garnered by an increased urban setting and growing per capita income.
Recent Market Developments:
- Electrolux AB has introduced its Kelvin Nubra KCD-A650 with honeycomb pads, water level indicator, and motorized roto grill. Furthermore, another desert cooler named KCD-B701 with remote control and powerful air throw is also leading the market space.
- LG Electronics Inc has launched its LG plastic cooler with a capacity of 55 Lt and is being considered as the mini air cooler. It also adds effective honeycomb pads for extra cool air.
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Desert air cooler Market by Category
Water Capacity:
- 30-40 Lt
- 40-50 Lt
- 50-60 Lt
- 60-70 Lt
- 70 Lt and Above
Price:
- Premium
- Mid-Range
- Economy
Application:
- Indoor
- Outdoor
End Use:
- Residential
- Commercial
- Enterprises/Offices
- Hotels/Restaurants
- Schools/Universities
- Retail
Sales Channel:
- Wholesale/Distributors
- Hypermarkets/Supermarkets
- Specialty Stores
- Multi-Brand Stores
- Online Retailers
Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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