
North America Portable Evaporative Cooler Market
No. of Pages: 96 | Report Code: BMIRE00028196 | Category: Manufacturing and Construction
No. of Pages: 96 | Report Code: BMIRE00028196 | Category: Manufacturing and Construction
The improving economic conditions across the North America, coupled with urbanization, have led to the increased disposable income of individuals. Technological advancements and changes in government and organizational regulations for energy consumption are contributing to the demand for portable evaporative coolers. Therefore, to fulfill the growing demand for coolers in a dry climate, manufacturers are adopting product innovation or new product launch strategies. Below mentioned are a few organic strategies: In September 2022, Hessaire Products, Inc. expanded its portable evaporative cooler line by introducing more coolers in different colors. To address customer’s requirements related to style and color, the company introduced MC18MT (teal blue), MC18M (off-white), MC18V (forest green), and MC18S (sand color) that can be used on evaporative cooler mode or fan-only mode. In April 2019, NewAir LLC (licensing partner of Electrolux) rolled out a new line of misting fans and evaporative coolers for residential purposes. The new product series is available under the Frigidaire brand and offers extensions, which improve experiences of wellbeing in house. Moreover, such products that align with the company’s sustainability goals by providing practical cooling solutions demanding low energy to operate. In January 2019, Larson Electronics unveiled a portable explosion-proof evaporative cooling system to cater requirements of harsh and hazardous work environments. This system depicts features of dry mist technology and a non-sparking fan to cool areas, which lags in having access to old air conditioning.
Therefore, with continuous product launches and related strategies, the scope of using portable air cooler will endure to grow, and thereby fueling the overall market growth.
North America Portable Evaporative Cooler Market Overview
The portable evaporative cooler market in North America is segmented into the US, Canada, and Mexico. North America is expected to provide lucrative opportunities to the market during the forecast period due to the growing residential sector and rising demand for energy efficient cooling solutions in commercial applications across the region. The major market share of this region is mainly attributed to the changing climate conditions and rising consumer inclination toward a healthy environment.
Government regulations and standards, such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, focusing on energy efficiency are projected to fuel the adoption of energy efficient cooling solutions in the industries. Also, the presence of players in North America will fuel the manufacturing of portable evaporative coolers. Jmatek Limited; Phoenix Manufacturing, Inc.; Delta T LLC; Hessaire Products Inc.; and Newair are among the key players providing portable evaporative coolers for varied applications. Footprints of manufacturers will have a direct impact on the growth of the market. Additionally, any organic and inorganic strategy taken by them will further influence the market growth in the coming years. In April 2021, Portacool, LLC added an extended Portacool evaporative cooler to its product portfolio. The newly added Portacool 510 product is a reliable, powerful, and portable cooling solution developed to ensure that open spaces are comfortably cool through the natural evaporation process. The product is ideal for home use, outdoor living, and small workspaces. Therefore, such development strategies for addressing the US market will further fuel the growth of the North America portable evaporative cooler market during the forecast period.
North America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the North America Portable Evaporative Cooler provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Portable Evaporative Cooler refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Portable Evaporative Cooler Strategic Insights
North America Portable Evaporative Cooler Report Scope
Report Attribute
Details
Market size in 2022
US$ 416.37 Million
Market Size by 2028
US$ 585.30 Million
Global CAGR (2022 - 2028)
5.8%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
By Application
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Portable Evaporative Cooler Regional Insights
North America Portable Evaporative Cooler
Market Segmentation
The North America portable evaporative cooler market is segmented based on type, application, and country. Based on type, the North America portable evaporative cooler market is bifurcated into direct evaporative cooling and indirect evaporative cooling. The direct evaporative cooling segment held a larger market share in 2022.
Based on application, the North America portable evaporative cooler market is segmented into residential, commercial, and industrial. The industrial segment held the largest market share in 2022.
Based on country, the North America portable evaporative cooler market is segmented into the US, Canada, and Mexico. The US dominated the North America portable evaporative cooler market share in 2022.
Delta T LLC, Hessaire Products Inc., Napcom LLC, Portacool LLC, Honeywell International Inc., Metalurgica Manlleuense SA, Symphony Ltd, and Phoenix Manufacturing Inc. are the leading companies operating in the North America portable evaporative cooler market.
The North America Portable Evaporative Cooler Market is valued at US$ 416.37 Million in 2022, it is projected to reach US$ 585.30 Million by 2028.
As per our report North America Portable Evaporative Cooler Market, the market size is valued at US$ 416.37 Million in 2022, projecting it to reach US$ 585.30 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The North America Portable Evaporative Cooler Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Portable Evaporative Cooler Market report:
The North America Portable Evaporative Cooler Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Portable Evaporative Cooler Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Portable Evaporative Cooler Market value chain can benefit from the information contained in a comprehensive market report.