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
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.
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.
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.
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 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.
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.
Tower
Desert
Other Types
Spot Coolers
Medium Space Coolers
Large Space Coolers
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 |
|
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. |
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.