European air coolers Market 2020-2026

European air coolers Market Size, Share & Trends Analysis Report, By Type (Tower, Desert, and Others), By Application (Residential and Commercial) and Forecast, 2020-2026.

European air coolers market is estimated to grow at a CAGR of 8.2% during the forecast period. Emerging adoption of energy-efficient heating and cooling systems is one of the crucial factors encouraging market growth. Heating and cooling in buildings and industry represent half of the energy consumption in the European Union (EU). Several alternatives exist in the market that provides cooling with minimal energy consumption. Of these evaporative coolers are regarded as a cost-effective cooling strategy with potential energy efficiency. These coolers can decrease the temperature in a single room by 5° to 15°F. Additionally, air coolers need low maintenance and offer potential environmental benefits with very low power consumption and no harmful chlorofluorocarbons (CFC) emissions. European populations are significantly aware regarding energy-efficient solutions to save energy bills, which in turn, is accelerating the demand for air coolers in the region.

European air coolers market is segmented based on type and application. Based on type, the market is classified into a tower, desert, and others. Tower air coolers are expected to witness potential share in the market owing to its space-saving features. It is a sleek and slim form of air cooler that is appropriate to place in small areas as it captures small floor space. These air coolers can be easily utilized for long operational hours with a water tank capacity of 20 to 40 liters. Based on the application, the market is classified into residential and commercial.

Based on countries, the market is classified into the UK, Germany, France, Spain, Italy, and the Rest of Europe. In the UK, the rising demand for portable air coolers has been reported. EcoAir is one of the highly recommended portable air coolers in the country. EcoAir ARTICA MK2 is a superior alternative owing to its functionality and price. This air cooler is Wi-Fi enabled and is available with a programmable timer, a dehumidifier, and a remote-controlled fan. Its British Thermal Unit (BTU) number is 8,000, with A-rated energy efficiency. Unlike other models, it is not as noisy, as it ranges between 47 to 51 decibels.

Some prominent players in the market include EcoAir, De’Longhi Appliances s.r.l., Meaco (U.K.) Ltd., Honeywell International Inc., and Blaux Portable AC. Some new product launches have been witnessed to increase market share. For instance, in June 2020, In June 2020, Blaux Portable AC launched a new mini personal air cooler with rapid cooling benefits. It enables consumers to optimize temperature indoors and compared to most conventional conditioning units and fans, this portable cooler releases moisture to the atmosphere and prevents dry eyes or irritated skin from becoming too hot. It also enables to maintain air purity and humidity and filters out harmful particles through refillable water curtains. It is eco-friendly and will reduce electricity costs of central air-cooling systems or window ACs noise.

Research Methodology

The market study of the European air coolers market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. European Air Coolers Market Research and Analysis by Type
2. European Air Coolers Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the European air coolers market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European air coolers market.
• Insights about market determinants which are stimulating the European air coolers market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.