Global Air Coolers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Tower, Dessert and Others.

By Application ;

Residential and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn792604992 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Air Coolers Market (USD Million), 2021 - 2031

In the year 2024, the Global Air Coolers Market was valued at USD 1,968.26 million. The size of this market is expected to increase to USD 3,959.30 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.5%.

The growth of the air cooler market is driven by several factors including affordability, energy efficiency with lower power consumption compared to AC units, suitability for outdoor use, and continuous product innovation. Additionally, air coolers are environmentally friendly and act as humidifiers in dry weather conditions. The rising demand for energy-efficient, low-power-consuming, and eco-friendly cooling solutions is driving their popularity globally. Air coolers operate on the principle of evaporation, pulling in fresh air from outside through wet cooling pads that absorb heat without drying the air like AC units. They do not use harmful cooling agents such as CFCs, HCFCs, or other hydrofluorocarbons, making them more environmentally sustainable.

Concerns over high energy consumption by traditional AC units have shifted consumer preferences towards air coolers, which can reduce electricity bills by approximately 80% - 90% compared to ACs, offering long-term cost savings and efficiency benefits.

Despite these advantages, some consumers are hesitant to choose air coolers due to concerns about their size and aesthetic compatibility with indoor spaces. Manufacturers have recognized this issue and are responding by designing air coolers in smaller, sleeker, and more stylish designs. Innovations in technology have also led to more powerful air coolers capable of cooling larger rooms, while features like caster wheels enhance mobility and ease of movement. The ease of installation and portability compared to AC units further contribute to the growing demand for air coolers.

Moreover, air coolers are significantly more affordable, costing 80% - 85% less than traditional AC units, making them accessible and attractive to a growing middle-class population worldwide. These factors collectively underscore the increasing preference for air coolers as versatile and economical cooling solutions in both residential and commercial settings.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Tire Curing Press Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency and Affordability
        2. Rising Temperatures
        3. Improved Designs
      2. Restraints
        1. Limited Cooling Capacity
        2. Water Maintenance
      3. Opportunities
        1. Technological Advancements
        2. Smart Features
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Tire Curing Press Market, By Type, 2021 - 2031 (USD Million)
      1. Tower
      2. Dessert
      3. Others
    2. Global Tire Curing Press Market, By Application , 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
    3. Global Tire Curing Press Market, By Geography, 2021- 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Symphony Limited
      2. Bajaj Electricals Limited
      3. Havels India Limited
      4. Honeywell International Inc
      5. Aolan (Fujian) Industry Co., Ltd
      6. Luma Comfort
  7. Analyst Views
  8. Future Outlook of the Market