Netherlands Air Coolers Market

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Netherlands 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: 21-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

Netherlands Air Coolers Market size was valued at USD 17.5 million in 2023, and is predicted to reach USD 30.3 million by 2030, with a CAGR of 7.6% 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.

Netherlands Economic Prosperity Fuels Air Coolers Market Growth

The air cooler market in the Netherlands claims the third-highest growth rate in Europe for the air coolers market, with a projected CAGR of 7.60% during 2024-2030. The country's impressive economic performance contributes to the expansion of the market. With a nominal GDP reaching USD 991 billion in 2022 and a growth rate of 4.48% in 2021, as reported by the World Bank, there is a corresponding increase in consumer spending power. This economic prosperity fosters greater demand for comfort-enhancing appliances, including air coolers.

Growing Urbanization Drives the Air Coolers Market Expansion

According to the Central Intelligence Agency, the Netherlands holds the distinction of having the highest urban population in Europe, with 93.2% of its total population residing in urban areas. This remarkable urbanization trend persists, with an estimated annual growth rate of 0.59%. As cities become increasingly crowded, the demand for effective indoor climate control solutions intensifies, particularly in densely populated urban centers. With a vast majority of the population concentrated in urban areas, the need for efficient cooling and heating systems becomes paramount to ensure comfort and well-being, especially during extreme weather conditions. Consequently, there is a growing emphasis on the development and adoption of innovative indoor climate control technologies to address the evolving needs of urban residents and to create more sustainable and livable urban environments in the Netherlands.

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 Netherlands 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.

Netherlands 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 17.5 Million

Revenue Forecast in 2030

USD 30.3 Million

Growth Rate

CAGR of 7.6% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The country's impressive economic performance

  • The growing urbanization.

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.

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Frequently Asked Questions

According to the report published by the Next Move Consulting, the Netherlands Air Coolers market business is expected to hit at USD 30.3 million (USD) by 2030.

The Netherlands 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 Netherlands Air Coolers market share is segmented based on type, size, and application.

The factors contributing to the expansion of the Netherlands Air Coolers market are country's impressive economic performance and growing urbanization.

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

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