Spot Air Coolers Market

Spot Air Coolers Market Overview

The global Spot Air Coolers Market size was valued at USD 2.06 billion in 2023 and is predicted to reach USD 3.10 billion by 2030 with a CAGR of 6.0% from 2024 to 2030.

The spot air cooler or portable air coolers market consists of compact cooling units designed to provide localized cooling in specific areas. These systems operate by using a fan to circulate air through evaporative cooling pads where water absorbs heat and cools the air before it is released into the environment.

These cooling units are widely utilized in industrial spaces, manufacturing facilities, server rooms, and workshops that requires precise temperature control to protect equipment and maintain operational efficiency. As demand rises for efficient cooling solutions in industries, the market delivers scalable, affordable options designed to meet sector-specific requirements for localized temperature control.

Market Dynamics and Trends

The growing urbanization worldwide, driven by population growth and increased housing development, boosts the demand for portable air conditioners, as consumers living in compact urban spaces increasingly turn to portable air coolers for efficient cooling solution.

According to the latest report published by the World Bank Group, the global urban population accounted to 4.6 billion in 2023 as compared to 4.45 billion in 2021, reflecting a growth of 3.37%. The rapid expansion in cities highlights the growing necessity for immediate cooling needs.

Additionally, the rising global high temperature fuels the growth of the market as increase in hotter climates lead to a greater demand for portable cooling options to provide immediate heat relief in localized areas.

As per the report published by the National Oceanic and Atmospheric Administration (NOAA), the global average surface temperature recorded to 1.18oC in 2023 as compared to 0.19oC in 2022. The increasing temperature propels the growth of the market as consumers and businesses seek effective solutions to combat the heat.

Moreover, the expansion in the worldwide manufacturing sector accelerates the demand for portable air conditioners as companies seek to improve working conditions and productivity in increasingly crowded and heat-generating environments.

This growing need for efficient cooling solutions drives manufacturers to invest in portable air coolers to ensure employee comfort and operational efficiency during peak production periods. According to latest report published by the Deloitte, U.S. construction spending in the manufacturing sector reached USD 201 billion in 2023, marking a 70% increase from 2022.

Similarly, as per the Ministry of Commerce and Industry India's manufacturing sector is valued at USD 165.1 billion in 2024 and is projected to grow to USD 1 trillion by 2025-26. The increasing focus on maintaining optimal working conditions in constructional sector increases the demand for evaporative coolers that in turn boosts the growth of the market.

However, the increasing regulatory compliance particularly related to energy efficiency, emissions, and refrigerants restraints the spot air coolers market expansion.

On the contrary, the integration of internet of things (IoT) in the market creates a future opportunity of the market. This technology allows users to remotely control their cooling systems through mobile apps or voice assistants and thus, streamlining operations. It further integrates with home automation systems, offering enhanced convenience, energy savings, and real-time feedback that makes cooling solutions more efficient and user-friendly.

Market Segmentations and Scope of the Study

The spot air coolers market report is divided on the basis of type, capacity, application, end-users, distributional channel, and region. On the basis of type, the market is segmented into single duct spot air coolers, two ducts spot air coolers, and three ducts spot air coolers. On the basis of capacity, the market is divided into below 20L, 20L-50L, and above 50L. On the basis of application, the market is divided into indoor and outdoor. On the basis of end-user, the market is classified into residential, industrial, and commercial.  On the basis of distributional channel, the market is segmented into distributors, supermarkets, speciality stores, multi-brand stores, and online retailers. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia-Pacific dominates the spot air coolers market share and is projected to maintain its dominance throughout the forecast period due to the growth of the real estate sector in the region. As construction activities and residential properties rises, it increases the demand for portable cooling solutions to offer flexibility in movement and installation.

According to the latest report published by the Ministry of Commerce and Industry, the real estate sector valued for USD 200 billion in 2021 and estimated to reach USD 1 trillion by 2030. This increased investment in real estate drives the need for advanced cooling solutions, contributing to the expansion of the market.

Additionally, rising high temperature in places such as India, China, Japan, and other countries of the region drives the growth of the market as increasing heat conditions lead to a greater need for efficient and portable cooling solutions that provides instant relief in localized areas.

As per the report published by the National Oceanic and Atmospheric Administration (NOAA), the average surface temperature over Asia in 2023 recorded 0.91 °C above the 1991–2020 average and 1.87 °C above the 1961–1990 average. As the temperature rise due to climatic change, the need for effective cooling solutions is expected to increase, thereby fuels the growth of the market.

On the other hand, the North America region is expected to show a steady rise in the spot air coolers market demand. This is attributed to the expansion of urban population in the region that leads to increase in cooling system for providing instant relief to the population.

According to report published by the World Bank Group, the urban population in the US increased from 276 million in 2022 to 278 million in 2023, representing a growth of 0.75%. The growth in urban population boosts the growth as it enables demand of more spot coolers systems.

Moreover, rising manufacturing sector within the region increases the demand for spot air coolers as production facilities require efficient cooling systems to manage the heat generated in various operations and improve worker comfort.

As per the Canadian Manufacturing Outlook, the manufacturing sector of Canada contributed USD 174 billion in 2023 representing 10% of Canada’s total GDP. This rising manufacturing industry leads to an increased focus on investing in advanced cooling technologies to ensure a comfortable working environment and thereby, propels the growth of the market.

Competitive Landscape

The various key players operating in the spot air coolers market includes Taikisha Global Ltd., Denso Aircool Corporation, Suiden Co. Ltd., OceanAire Inc., Shanghai Weixuan Industrial Co., Ltd., ClimaTemp Portables Inc., Unicorp Inc., Perfect Aire LLC, ICS Cool Energy Ltd., Symphony Ltd., and others. These market players are adopting various strategies such as product launches and business expansion to stay competitive and maintain their market positions.

For instance, in September 2023, DENSO launched Everycool cooling system for commercial vehicles including trucks that is designed to cool the driver’s cabin when the engine is off. Through this launch, the system focuses on energy efficiency by directing cool air toward the driver, reducing power consumption and contributing to improved working conditions for drivers, thereby minimizing environmental impact.

Moreover, in May 2022, Symphony launched a special range of Disney and Marvel-themed air coolers that are designed to provide the cooling needs of homes and small spaces while adding a fun themed element. The range aims to combine functionality with aesthetics, offering a unique blend of cooling performance and entertainment.

Key Benefits

• The report provides quantitative analysis and estimations of the spot air coolers market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the current and future spot air coolers market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Spot air coolers market Key Segments

By Type

• Single Duct Spot Air Coolers

• Two Ducts Spot Air Coolers

• Three Ducts Spot Air Coolers

By Capacity

• Below 20L

• 20L-50L

• Above 50L

By Application

• Indoor

• Outdoor

By End-User

• Residential

• Industrial

• Commercial

By Distributional Channel 

• Distributors

• Supermarkets

• Speciality Stores

• Multi-brand Stores

• Online Retailers

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Taikisha Global Ltd.

• Denso Aircool Corporation

• Suiden Co. Ltd.

• OceanAire Inc.

• Shanghai Weixuan Industrial Co., Ltd.

• ClimaTemp Portables Inc.

• Unicorp Inc.

• Perfect Aire LLC

• ICS Cool Energy Ltd. 

• Symphony Ltd.

REPORT SCOPE AND SEGMENTATION

Parameters	Details
Market Size in 2023	USD 2.06 Billion
Revenue Forecast in 2030	USD 3.10 Billion
Growth Rate	CAGR of 6.0% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	The growing urbanization, driven by increasing population fuels the growth of the market. The rising global high temperature propels the market. Expansion in global disposable income boosts the market.
Countries Covered	28
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.