Portable Air Cooler Market Key Development Opportunities Hidden In Emerging Economies

Global Portable Air Cooler Market: Overview

Owing to using low power and therefore being environment friendly, portable air coolers will see demand growth. These air cooling systems make use of pads soaked in water to make the surroundings cool. With many variants available in the market, more options are available for consumers, fueling growth further.

The global portable air cooler market is, therefore, expected to register a steady CAGR (compound annual growth rate) in the period 2019 to 2027, reaching a significant market worth.

Besides, there is a notable improvement in the standard of living of people. It is creating demand for these coolers – tower type, desert type, and window type.

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Global Portable Air Cooler Market: Notable Developments

A slew of development is taking place in the portable air cooler space. Some of these are paving way for future growth and creating a more intense competitive landscape. One such development is mentioned below.

• 2019: Symphony launched India’s first commercial air cooler range that goes by the name of ‘Movicool’. This rugged range of portable air coolers can be used for large spaces – outdoor as well as indoor. At the same time, they do not use too much water or electricity in its functioning. The efficient use and superior cooling range makes it a perfect choice for banquet halls, farm houses, factories and so on. With no organized sector players in the commercial cooler space, Symphony is currently on its way to explore and develop a virgin market. The company aims to launch the range in the global portable air cooler sphere in mid-2020. Another consequence of Symphony’s ‘Movicool’ launch will be more players joining in the playfield.

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