The global portable evaporative cooler market is highly fragmented in nature due to presence of large, small, and medium players, at regional and local level for addressing the local demand. Since, the market is in maturity phase, number of more startups and players is expected to make entry. Hence, we have derived this listing of “Key Five Players” in the global portable evaporative cooler by giving weightage to following key parameters: overall revenue, segmental revenue, brand image & industry experience, current portable evaporative cooler portfolio, innovative and advanced technology integration, customer base, geographical reach, new product launches, partnerships, and other market related activities. Also, there are many companies operating across the global portable evaporative cooler market that are catering to the domestic markets across different countries which is one of the major factors behind the highly fragmented portable evaporative cooler market.
𝗚𝗿𝗮𝗯 𝘁𝗵𝗲 𝗣𝗗𝗙 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗺𝗼𝗿𝗲: https://www.theinsightpartners.com/reports/portable-evaporative-cooler-market
Based on type, the global portable evaporative cooler market is segmented into direct and indirect evaporative cooling. Direct evaporative coolers dominated the market in 2021 according to the market research study. Also, it is expected to retain its dominance along with highest CAGR during the forecast period as well. This is mainly due to factors such as easy installation and cheaper cost that indirect evaporative coolers. Also, majority of the companies operating in the portable evaporative coolers market have their presence in the direct evaporative cooler product portfolio. There are a very limited number of companies such as Honeywell International and HiCool that are offering portable indirect evaporative cooling products in the market.
The global portable evaporative cooler market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia Pacific accounted for the largest share of the global market in 2021 and is expected to retain its dominance during the forecast period. The region’s dominance is attributed to rising disposable income and high demand for low-cost evaporative cooling products for residential, commercial, and industrial applications across highly populated countries such as China, India, Japan, Pakistan, Indonesia, and Vietnam. The presence of companies such as Symphony Limited and Evapolar Eco Cooling Solutions is another major factor supporting the portable evaporative cooler market growth across Asia Pacific. Further, the lower penetration of ACs in one of the top two most highly populated countries, i.e., India, is boosting the preference of portable evaporative coolers across the region.
On similar lines, South America is likely to be the second-fastest growing region in the global portable evaporative cooler market during the forecast period. One of the key reasons behind the growth of portable evaporative coolers in South America is the presence of largest importers of evaporative air coolers in Brazil. Portable evaporative coolers are largely imported in Brazil from countries such as China, India, and the US, which are home for several evaporative cooler manufacturers. Such factors are likely to generate new opportunities for market vendors across South America during the forecast period.
Some of the key players operating in the portable evaporative cooler market includes Delta T LLC, Evapoler Eco Cooling Solutions, Hessiare Products Inc., Newair, Portacool LLC, Vankool Technology, Honeywell International Inc, Metalurgica Manlleuense SA, Symphony Limited, and Phoenix Manufacturing Inc among others.
The top five companies in the portable evaporative cooler market are Symphony Limited, Portacool Inc, Coolboss LLC, Schaefer, Texel, and Honeywell International Inc. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current portable evaporative cooler portfolio, new product launches, market initiatives, investment in technology upgradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
|
Year |
News |
Country |
|
2019 |
Larson Electronics Released Portable Explosion Proof Evaporative Cooling System, CID2, 34 Gallon Tank, 30 Inches for use in hazardous work. |
North America |
|
2020 |
Honeywell International Inc launched Zeta, which is a 3-in-1 device. It offers the benefits of an evaporative cooler, fan, and humidifier at an affordable price. |
North America |
|
2021 |
Evaporative coolers with filters trap sand in desert environments or with high dust levels. MET MANN, has developed evaporative cooling equipment with sand-trapping filters for environments with high contamination by suspended dust. |
Europe |