UK Air Coolers Market

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The UK 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

The UK Air Coolers Market size was valued at USD 64.1 million in 2023 and is predicted to reach USD 90.5 million by 2030, with a CAGR of 4.5% 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.

Growing Temperatures Across the UK Fuels Air Coolers Market Growth

The rising temperatures have become a pressing issue, leading to an increased vulnerability to heat among the population. An aging population and urbanization exacerbate this trend, further heightening the demand for building cooling solutions. As buildings serve as long-lasting structures, their ability to offer protection from heat waves and high temperatures becomes crucial, leading to a surge in the demand for effective cooling technologies.

The summer of 2022, marked by successive prolonged heatwaves and high energy prices, has heightened the urgency in addressing heat stress and the need for efficient cooling solutions. According to the European Commission, the ten warmest years on record for Europe have all occurred since 2000, with the five warmest years occurring since 2014. Summer 2022, in particular, stands out as the warmest on record, with temperatures soaring 1.4°C above the average. This unprecedented heatwave underscores the importance of investing in cooling technologies to mitigate the impacts of rising temperatures and ensure the comfort and well-being of the population.

 

Growing Urbanization Drives the Air Coolers Market Expansion

The expansion of urban areas is a significant driving force behind the growth of the air coolers market. As more people migrate to cities in search of better opportunities, the demand for cooling solutions escalates due to higher population density and increased heat generated by urban infrastructure. Air coolers offer a cost-effective and energy-efficient alternative to traditional air conditioning systems, making them particularly appealing in urban settings where electricity consumption and environmental concerns are prominent. The growing urbanization trend not only amplifies the need for cooling solutions but also presents opportunities for market expansion as manufacturers cater to the rising demand in urban areas.

 

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 UK 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.

UK 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 64.08 Million

Revenue Forecast in 2030

USD 90.51 Million

Growth Rate

CAGR of 4.5% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The rising temperatures and growing urbanization.

  • 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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

According to the report published by the Next Move Consulting, the UK Air Coolers market business is expected to hit at $90.51 million (USD) by 2030.

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

The factors contributing to the expansion of the UK Air Coolers market are rising temperatures and growing urbanization.

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

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