Africa Air Coolers Market

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Africa Air Coolers Market by Type (Tower, Desert, and Other Types), by Size (Spot Coolers, Medium Space Coolers, and Large Space Coolers), and by Application (Residential and Commercial) – Opportunity Analysis and Industry Forecast 2024–2030

Industry: Retail and Consumer | Publish Date: 26-Mar-2024 | No of Pages: 101 | No. of Tables: 71 | No. of Figures: 36 | Format: PDF | Report Code : N/A

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Market Definition

Africa Air Coolers Market size was valued at USD 23.9 million in 2023 and is predicted to reach USD 52.1 million by 2030, with a CAGR of 11.1% from 2024 to 2030. Air coolers, also known as evaporative coolers or swamp coolers, are devices designed to cool indoor or outdoor spaces by utilizing the natural process of evaporation. These appliances typically consist of a fan, a water reservoir, and porous pads or filters. They offer benefits such as lower energy consumption, eco-friendliness, and affordability compared to conventional cooling methods. Air coolers come in various sizes and capacities to suit different applications, ranging from small portable units for personal use to larger systems for commercial and industrial settings.

Rising Temperature Propels Demand for Air Coolers in the Country

The air cooler market in Africa is experiencing remarkable growth, outpacing other regions in the Rest of the World. Africa comprises South Africa, Morocco, Tunisia, and others. One significant factor contributing to the growing demand for air coolers is the region's escalating temperatures and the increasing frequency of heatwaves and hot days. Vast regions of Africa are projected to experience a warming of over 2°C above pre-industrial levels by the final decades of this century, according to findings from the Intergovernmental Panel on Climate Change Fifth Assessment Report, with a noticeable surge in extreme heat events.

North Africa, in particular, has witnessed unprecedented heatwaves, exemplified by the record-breaking temperature of 50.4°C reported in Agadir, Morocco, in August 2022. These sweltering conditions are expected to become more prevalent in the coming years, posing significant challenges to the population's comfort and well-being. A study published by the University of Oxford, academics in Nature, highlights Africa as one of the regions most affected by the rising demand for cooling solutions, projecting that the continent will experience the highest absolute rise in cooling requirements.

Rapid Urbanization Fuels the Growth of Air Coolers Market

The rapid urbanization and population growth in African cities are driving the demand for air coolers. As cities expand and infrastructure develops, the need for effective cooling solutions becomes increasingly crucial. Air coolers provide a cost-effective and energy-efficient way to alleviate heat discomfort in both residential and commercial settings. With temperatures rising and the demand for cooling solutions growing, air coolers offer a practical and accessible solution to address the cooling needs of African urban populations.

Challenges of Air Coolers in Humid and Coastal Environments Hinders the Growth of the Air Coolers Market

The inefficiency of air coolers in humid and coastal areas presents a significant challenge for the widespread adoption and growth of the air cooler market. Air coolers may struggle to effectively cool indoor spaces due to the already moisture-laden air in regions characterized by high humidity levels, such as coastal areas or tropical climates. This is because the cooling mechanism of air coolers relies on water's evaporation to lower the air's temperature. In humid conditions, where the air is already saturated with moisture, evaporation is less efficient, resulting in limited cooling capacity and reduced effectiveness of air coolers.

Technological Advancements to Create Future Market Prospects

Technological advancements represent a significant opportunity for the future growth of the air coolers market. Continuous innovation has resulted in the development of increasingly efficient and feature-rich air cooler models. These advancements encompass various aspects, including enhancements in fan design, evaporative cooling technology, and the integration of intelligent features such as remote control and programmable settings, collectively enhancing the overall user experience.

As technological advancements evolve, the air cooler market is poised to benefit from introducing innovative features and capabilities that address consumer needs and preferences, such as energy efficiency, portability and space-saving design, quiet operation, and air quality improvement. These technological advancements enhance the performance and functionality of air coolers and contribute to their differentiation in a competitive market landscape. Moreover, integrating intelligent technologies opens up opportunities for connectivity and interoperability with other smart home devices, further enhancing the appeal and adoption of air coolers among tech-savvy consumers.

Competitive Landscape

The Africa Air Coolers industry includes several market players such as Symphony Ltd, Midea Group Co. Ltd., Voltas, Havells India Ltd., Portacool LLC, Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Orient Electric, Usha International Ltd., and Fujian Jinghui Environmental Technology Co., Ltd.

Africa Air Coolers Market Key Segments

By Type        

  • Tower

  • Desert

  • Other Types        

By Size    

  • Spot Coolers

  • Medium Space Coolers

  • Large Space Coolers

By Application

  • Residential

  • Commercial

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 23.9 Million

Revenue Forecast in 2030

USD 52.1 Million

Growth Rate

CAGR of 11.1% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Rising temperature drives demand for air coolers in the country.

  • Robust GDP growth rate fuels the growth of air coolers market.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

  • Symphony Ltd.

  • Midea Group Co. Ltd.

  • Voltas

  • Havells India Ltd.

  • Portacool LLC

  • Bajaj Electricals Ltd.

  • Crompton Greaves Consumer Electricals Ltd.

  • Orient Electric

  • Usha International Ltd.

  • Fujian Jinghui Environmental Technology Co., Ltd.

Bar chart Pie chart Pie chart

Frequently Asked Questions

According to the report published by the Next Move Consulting, the Africa air coolers market business is expected to hit at USD 52.1 million (USD) by 2030.

The Africa air coolers industry includes several market players such as Symphony Ltd, Midea Group Co. Ltd., Voltas, Havells India Ltd., Portacool LLC, Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Orient Electric, Usha International Ltd., and Fujian Jinghui Environmental Technology Co., Ltd.

The Africa air coolers market share is segmented based on type, size, and application.

The factors contributing to the expansion of the Africa air coolers market are rising temperatures and robust GDP growth rate.

Challenges of air coolers in humid and coastal environments hinders the growth of the air coolers market.

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