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
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.
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.
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.
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 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.
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 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 |
|
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.