North American Air Coolers Market 2020-2026

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

North American air coolers market is estimated to grow at a CAGR of 8.0% during the forecast period. Rising demand for small and portable air coolers is one of the major factors driving the market growth. As per the US Department of Energy, room evaporative coolers are becoming highly famous in the western US having milder summer weather. These coolers can decrease the temperature in a single room by 5° to 15°F. Two-stage evaporative coolers are new and more efficient. These coolers use more efficient motors, a pre-cooler, and more effective pads, as well as don't add more humidity to the home. Owing to their added expense, these evaporative coolers are normally used in the US areas where daytime temperatures frequently surpassed 100°F. Additionally, air coolers need low maintenance and offer potential environmental benefits with very low power consumption and no harmful chlorofluorocarbons (CFC) emissions. This, in turn, is expected to support the demand for air coolers in North American region.

North American air coolers market is segmented based on type and application. Based on type, the market is classified into a tower, desert, and others. Based on the application, the market is classified into residential and commercial. In 2019, residential air coolers to witness the largest share in the market owing to the significant demand for cost-effective and energy-saving cooling systems in residential. Additionally, increasing residential construction is expected to support the demand for energy-efficient air coolers owing to low energy consumption and capital cost compared to air conditioners (ACs).

Some prominent players in the market include Honeywell International Inc., Havells India Ltd., NewAir, and Symphony Ltd. Some new product launches have been witnessed to increase market share. For instance, in July 2020, JMATEK, the manufacturer and licensee of Honeywell evaporative coolers, declared the launch of ZETA, a personal air cooler that is superior across three dimensions, including a bigger tank, further air distance, and stronger airflow. It is compact in size and is easy to save on electricity bills. It consumes very little energy and can run for up to 10 hours owing to the bigger tank.

Research Methodology

The market study of the North American 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. North American Air Coolers Market Research and Analysis by Type
2. North American Air Coolers Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the North American 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 North American air coolers market.
• Insights about market determinants which are stimulating the North American air coolers market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.