Evaporative Coolers Market Size
Evaporative Coolers Market was valued at USD 5 billion in 2023 and is anticipated to grow at a CAGR of over 6.5% between 2024 & 2032. With the rising awareness of the importance of indoor air quality, consumers and businesses are seeking cooling solutions that provide efficient temperature control and contribute to fresher & healthier indoor environments. Evaporative coolers, with their ability to circulate fresh air and reduce pollutants, align with this growing demand for sustainable & health-conscious cooling solutions, positioning them as a preferred choice in the market.
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An evaporative cooler, also known as a swamp cooler, cools air using water evaporation. It pulls warm air through wet pads, where water evaporates, absorbing heat and cooling the air. It is cost-effective, energy-efficient, and well-suited for dry climates, adding moisture while cooling indoor or outdoor spaces.
Evaporative Coolers Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2023 |
| Evaporative Coolers Market Size in 2023 |
USD 5 Billion |
| Forecast Period |
2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR |
6.5% |
| 2032 Value Projection |
USD 8.5 Billion |
| Historical Data for |
2018 - 2023 |
| No. of Pages |
220 |
| Tables, Charts & Figures |
339 |
| Segments covered |
Type, Mounting Type, Sales Channel, End-use, and Region |
| Growth Drivers |
- Increasing demand for energy-efficient cooling
- Growing awareness of sustainable cooling solutions
- Rising popularity in arid and semi-arid regions
- Advancements in evaporative cooling technology
- Increasing focus on indoor air quality
|
| Pitfalls & Challenges |
- Limited effectiveness in humid climates
- Water quality concerns
|
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The market for evaporative coolers faces challenges due to their limited effectiveness in humid climates, hindering wide adoption. In regions with high humidity levels, the efficiency of evaporative coolers diminishes as the evaporation process becomes less effective. This limitation reduces their cooling capacity, making them less suitable for highly humid areas, thereby restricting their market potential.
Evaporative Coolers Market Trends
Evaporative coolers are the talk of the town these days because they're good for the environment and easy on your wallet. They're affordable and eco-friendly, which is why people are loving them. Especially in hot, dry places, they're becoming a great alternative to traditional air conditioners that use a lot of energy. Because we're all trying to be more eco-conscious these days, the demand for evaporative coolers has skyrocketed, especially in homes and businesses that want to cool down without harming the planet. Technology has made them even more awesome. They now come with fancy features like smart controls, remote controls, and even Wi-Fi connectivity, so you can control them with your phone or tablet. Plus, they can handle a wide range of climates, so they're not just for patios and parks anymore. You can use them in offices, factories, and warehouses too. And because we're all so worried about the air quality inside our homes and offices these days, evaporative coolers with air purifiers are a huge hit. They keep you cool and clean at the same time!
Evaporative Coolers Market Analysis
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Based on the type, the market is segmented into direct evaporative coolers, indirect evaporative coolers, and hybrid (indirect-direct). The direct evaporative coolers segment dominated the global market with a share of over 40% in 2023.
- Direct evaporative coolers are experiencing growth within the evaporative cooler market owing to their energy efficiency and eco-friendliness. These systems use a straightforward processhot, dry air passes through water-soaked pads, cooling the air through evaporation. The simplicity of this mechanism results in lower energy consumption compared to traditional air conditioning methods.
- Direct evaporative coolers are gaining traction as sustainability becomes a priority, owing to their eco-friendly operation, which relies on water evaporation rather than hazardous refrigerants. Their affordability and suitability for arid climates also contribute to their wide adoption. The need for energy-efficient cooling solutions, particularly in areas with low humidity, has propelled the demand for direct evaporative coolers. As a result, their market share has grown significantly.
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Based on the mounting type, the market is divided into ground mounting, window mounting and roof mounting. The roof mounting segment is anticipated to register a CAGR of over 7% through 2032.
- Roof-mounted evaporative coolers are witnessing growth due to several advantages they offer in industrial and commercial settings. Their installation on rooftops maximizes space efficiency, making them appealing for buildings with limited ground space. By putting these coolers overhead, industrial factories and commercial warehouses can benefit from their efficient distribution of cooled air over large areas. Additionally, they reduce obstructions at the ground level, enabling safer operations and movement around the workspace.
- Roof-mounted units are simpler to frequently service and maintain, which adds to their appeal in environments where regular maintenance accessibility is essential. Roof-mounted evaporative coolers are witnessing rising demand due to their practicality and efficacy, catering to businesses' need for space- and money-efficient cooling solutions.
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Hey, did you know that evaporative coolers are really popular in North America? They make up more than 30% of the market there and are expected to keep growing. Why? Because they're eco-friendly, sustainable, and energy-efficient. Plus, with temperatures rising and people becoming more concerned about the environment, people are looking for ways to cool their homes without breaking the bank or harming the planet. Evaporative coolers are a great choice for dry climates because they naturally lower the temperature, making your home feel cooler and more comfortable. They also don't use as much energy as traditional air conditioners, which is not only good for the environment but also good for your wallet. In fact, people in North America are buying more and more evaporative coolers because they're an economical and sustainable way to keep their homes cool.
Evaporative Coolers Market Share
Key companies focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative & technologically-advanced solutions in the market.
Evaporative Coolers Market Companies
Some major players operating in the evaporative coolers industry are
- Honeywell International Inc.
- Munters
- Portacool LLC
- Big Ass Fan
- Hessaire
- Cajun Kooling LA, LLC
- Frigidaire
Evaporative Coolers Industry News
- In April 2021, Portacool, LLC launched the Portacool 510 portable evaporative cooler. This compact cooler offers ultimate versatility for on-the-go and spot cooling needs, i.e., from home and hobby usage to sports, outdoor living & small workspaces. It is easily transported to outdoor locations and features sturdy, rubberized wheels to roll where cooling is needed the most.
- In February 2020, Honeywell launched a platform of liquid heat transfer agents that cool high-performance electronics more efficiently and effectively than traditional methods that use air & water. Solstice E-Cooling, added to Honeywell's revolutionary line of next-generation low-global-warming potential refrigerant technologies, uses a two-phase liquid cooling process to remove heat from electronic applications while reducing environmental impacts.
This evaporative coolers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
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Market, By Type
- Direct evaporative coolers
- Indirect evaporative coolers
- Hybrid (indirect-direct)
Market, By Mounting Type
- Ground mounting
- Window mounting
- Roof mounting
Market, By Sales Channel
Market, By End-use
- Residential
- Commercial
- Industrial
The above information is provided for the following regions and countries
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
