Pune, Maharashtra -- (SBWIRE) -- 02/06/2019 -- A Slew of Factors Directly Impact Growth in Consumption and Sales of Evaporative Air Coolers
Evaporative air coolers incorporate evaporative cooling and are used to lower temperatures in the areas where these are installed, thereby finding widespread adoption in both indoor and outdoor applications across the global residential and commercial sector. Over the years, the demand for evaporative air coolers has witnessed a surge owing to several factors. Global warming is one of the main factors fueling growth in demand for evaporative air coolers. Rising temperatures across the world have necessitated the adoption of evaporative air coolers to lower the temperature by converting water to vapor using thermal energy, thereby cooling the surrounding atmosphere. An increased adoption of home cooling appliances is further augmenting sales revenue in the evaporative air coolers market. Structured and consistent product innovation is creating newer and more lucrative opportunities for manufacturers of evaporative air coolers.
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Consumer Spending and Purchase Behavior Driving Evaporative Air Cooler Market Growth; M&As Key Strategy to Consolidate Market Position
Over the years, consumer spending capacity on luxury items has increased owing to an increase in the disposable income and the resultant shift to a luxury lifestyle. This has led to a rise in demand for evaporative air coolers by most sections of the society. Being a highly competitive market, top companies operating in the market for evaporative air coolers are engaging in mergers and acquisitions to cement their position in the evaporative air cooler market.
While traditional retail channels continue to remain a preferred sales and distribution channel, the advent of e-commerce and digital platforms is anticipated to create newer avenues for manufacturers and distributors of evaporative air coolers to sell their products to an expanded consumer base. Sustainable and energy saving evaporative air coolers are in high demand today owing to the global emphasis on sustainability and green initiatives.
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Increasing Demand from Countries of the Asia Pacific and Middle East to Define Evaporative Air Cooler Market Revenue Growth
Asia and the Middle East have witnessed substantial climate change in the last few years, thereby impacting the lives of people living in these regions. This has increased the demand for air cooling systems in both the commercial as well as the residential sector. There is also a strong awareness of the use of sustainable products in these regions. Evaporative air coolers offer natural and energy saving solutions that are also cost effective. This has resulted in an increased demand especially from the rising middle class in these regions. Several domestic manufacturers operating in the Asian and Middle Eastern markets are slowly expanding their brands in the international market as well, thereby broadening the scope for exports of evaporative air coolers.
Rising Preference for Evaporative Air Coolers in the Commercial Sector to be Observed Across Several Developed and Developing Regional Markets
The global focus on sustainability has resulted in the adoption of green products and green energy solutions across various commercial establishments especially in the developed countries of Europe. Top manufacturers and suppliers of air cooling systems in Europe are increasing their production capacity to cater to the rising demand from various sectors. The groceries and general merchandise sector in Europe showcases increased demand for energy efficient air cooling systems and the adoption of evaporative air coolers in this sector has witnessed a spur in the European market in the last few years. Demand for evaporative air coolers across the retail and other key sectors in Latin America is also on the rise, owing to the growing preference for a cooler working environment in commercial establishments in the region.
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Table of Contents Covered in the report are:
Chapter 1 Executive Summary
1.1 Evaporative Air Cooler Market- Opportunity Assessment
1.2 Mega Trends
Chapter 2 Global Evaporative Air Cooler Market Overview
2.1 Introduction
2.2 Market Definition
2.3 Scope of the report
Chapter 3 Market Dynamics
3.1 Key Growth Drivers
3.2 Industry Challenges
3.3 Market Trends
3.4 Supply Chain
3.5 Levels of Supply Chain Maturity
3.6 Investment Feasibility Matrix
3.7 Trade Analysis
3.7.1 Region wise Trade Activity Outlook
3.8 PESTLE Analysis
3.9 Porter's Analysis
3.10 Cost Structure
3.11 Product Lifecycle
3.12 Forecast Factors
3.13 Key Market Participants – Intensity Map Analysis
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Chapter 4 Global Evaporative Air Cooler Market Analysis
4.1 Global Evaporative Air Cooler Market Outlook
4.1.1 Market Value, Volume Forecast and Analysis
4.1.2 Price Index and Price Point Assessment
4.1.3 Regional Demand Assessment
4.1.3.1 Market Volume Share by Region
4.2 Global Evaporative Air Cooler Market Analysis by Product Type
4.2.1 Value, Volume and Forecast by Product Type
4.2.2 Y-o-Y Growth Comparison by Product Type
4.2.3 Market Attractiveness Analysis by Product Type
4.3 Global Evaporative Air Cooler Market Analysis by Water Tank Capacity
4.3.1 Value, Volume and Forecast by Water Tank Capacity
4.3.2 Y-o-Y Growth Comparison by Water Tank Capacity
4.3.3 Market Attractiveness Analysis by Water Tank Capacity
4.4 Global Evaporative Air Cooler Market Analysis by End Use
4.4.1 Value, Volume and Forecast by End Use
4.4.2 Y-o-Y Growth Comparison by End Use
4.4.3 Market Attractiveness Analysis by End Use
4.5 Global Evaporative Air Cooler Market Analysis by Material
4.5.1 Value, Volume and Forecast by Material
4.5.2 Y-o-Y Growth Comparison by Material
4.5.3 Market Attractiveness Analysis by Material
4.6 Global Evaporative Air Cooler Market Analysis by Effective Cooling Area
4.6.1 Value, Volume and Forecast by Effective Cooling Area
4.6.2 Y-o-Y Growth Comparison by Effective Cooling Area
4.6.3 Market Attractiveness Analysis by Effective Cooling Area
4.7 Global Evaporative Air Cooler Market Analysis by Sales Channel
4.7.1 Value, Volume and Forecast by Sales Channel
4.7.2 Y-o-Y Growth Comparison by Sales Channel
4.7.3 Market Attractiveness Analysis by Sales Channel
Chapter 5 North America Evaporative Air Cooler Market Analysis
5.1 North America Evaporative Air Cooler Market Outlook
5.1.1 Market Value, Volume Forecast and Analysis
5.1.2 Price Index and Price Point Assessment
5.1.3 Impact Assessment of Market Forces
5.1.4 Country Wise Demand Assessment
5.1.4.1 Market Volume Share by Region
5.2 North America Evaporative Air Cooler Market Analysis by Product Type
5.2.1 Value, Volume and Forecast by Product Type
5.2.2 Y-o-Y Growth Comparison by Product Type
5.3 North America Evaporative Air Cooler Market Analysis by Water Tank Capacity
5.3.1 Value, Volume and Forecast by Water Tank Capacity
5.3.2 Y-o-Y Growth Comparison by Water Tank Capacity
5.3.3 Market Attractiveness Analysis by Water Tank Capacity
5.4 North America Evaporative Air Cooler Market Analysis by End Use
5.4.1 Value, Volume and Forecast by End Use
5.4.2 Y-o-Y Growth Comparison by End Use
5.4.3 Market Attractiveness Analysis by End Use
5.5 North America Evaporative Air Cooler Market Analysis by Material
5.5.1 Value, Volume and Forecast by Material
5.5.2 Y-o-Y Growth Comparison by Material
5.5.3 Market Attractiveness Analysis by Material
5.6 North America Evaporative Air Cooler Market Analysis by Effective Cooling Area
5.6.1 Value, Volume and Forecast by Effective Cooling Area
5.6.2 Y-o-Y Growth Comparison by Effective Cooling Area
5.6.3 Market Attractiveness Analysis by Effective Cooling Area
5.7 North America Evaporative Air Cooler Market Analysis by Sales Channel
5.7.1 Value, Volume and Forecast by Sales Channel
5.7.2 Y-o-Y Growth Comparison by Sales Channel
5.7.3 Market Attractiveness Analysis by Sales Channel
Chapter 6 Latin America Evaporative Air Cooler Market Analysis
6.1 Latin America Evaporative Air Cooler Market Outlook
6.1.1 Market Value, Volume Forecast and Analysis
6.1.2 Price Index and Price Point Assessment
6.1.3 Impact Assessment of Market Forces
6.1.4 Country Wise Demand Assessment
6.1.4.1 Market Volume Share by Region
6.2 Latin America Evaporative Air Cooler Market Analysis by Product Type
6.2.1 Value, Volume and Forecast by Product Type
6.2.2 Y-o-Y Growth Comparison by Product Type
6.3 Latin America Evaporative Air Cooler Market Analysis by Water Tank Capacity
6.3.1 Value, Volume and Forecast by Water Tank Capacity
6.3.2 Y-o-Y Growth Comparison by Water Tank Capacity
6.3.3 Market Attractiveness Analysis by Water Tank Capacity
6.4 Latin America Evaporative Air Cooler Market Analysis by End Use
6.4.1 Value, Volume and Forecast by End Use
6.4.2 Y-o-Y Growth Comparison by End Use
6.4.3 Market Attractiveness Analysis by End Use
6.5 Latin America Evaporative Air Cooler Market Analysis by Material
6.5.1 Value, Volume and Forecast by Material
6.5.2 Y-o-Y Growth Comparison by Material
6.5.3 Market Attractiveness Analysis by Material
6.6 Latin America Evaporative Air Cooler Market Analysis by Effective Cooling Area
6.6.1 Value, Volume and Forecast by Effective Cooling Area
6.6.2 Y-o-Y Growth Comparison by Effective Cooling Area
6.6.3 Market Attractiveness Analysis by Effective Cooling Area
6.7 Latin America Evaporative Air Cooler Market Analysis by Sales Channel
6.7.1 Value, Volume and Forecast by Sales Channel
6.7.2 Y-o-Y Growth Comparison by Sales Channel
6.7.3 Market Attractiveness Analysis by Sales Channel
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