Fact.MR presents a detailed and comprehensive analysis of the evaporative air cooler market in a new study published recently. This study presents an impact analysis of the different forecast factors anticipated to influence revenue growth of the evaporative air cooler market over the period 2018 – 2028. This report is a comprehensive take on the performance of the evaporative air cooler market and presents detailed insights on the various drivers pushing sales of evaporative air coolers; the different challenges restricting revenue growth of the evaporative air cooler market; opportunities available to manufacturers of evaporative air coolers; as well as the trends that are likely to impact growth in sales revenue of the evaporative air cooler market.
A Slew of Factors Directly Impact Growth in Consumption and Sales of Evaporative Air Coolers
Evaporative air coolers incorporate evaporative cooling and are used to lower temperatures in the areas where these are installed, thereby finding widespread adoption in both indoor and outdoor applications across the global residential and commercial sector. Over the years, the demand for evaporative air coolers has witnessed a surge owing to several factors. Global warming is one of the main factors fueling growth in demand for evaporative air coolers. Rising temperatures across the world have necessitated the adoption of evaporative air coolers to lower the temperature by converting water to vapor using thermal energy, thereby cooling the surrounding atmosphere. An increased adoption of home cooling appliances is further augmenting sales revenue in the evaporative air coolers market. Structured and consistent product innovation is creating newer and more lucrative opportunities for manufacturers of evaporative air coolers.
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Manufacturers Utilizing Innovative Raw Materials to Build Evaporative Air Coolers
Innovation is taking the air cooling sector by storm and besides technology, manufacturers are also moving towards innovative raw materials for building evaporative air coolers. For instance, one of the newest types of evaporative air coolers recently introduced in the market is made of conical tubes of clay installed in a honeycomb design to add to the artistic effect. These clay tubes reduce the ambient temperature and are an energy efficient, low-tech, and aesthetic solution that incorporates evaporative cooling. The size and shape of these evaporative air coolers manufactured with terra-cotta conical tubes has been determined using advanced computational analytic models and latest techniques in calibration. This innovation can potentially redefine the air cooling technology landscape and augment a building’s energy efficiency levels.
Adverse Climatic Conditions and Emergence of Cheap Alternatives to Threaten Evaporative Air Cooler Market Growth
Evaporative air coolers are the most efficient in areas with a hot and dry climate and are best suited for use during hot summers in tropical and sub-tropical regions. However, evaporative cooling technology may prove inefficient in regions with extreme humidity. Consumers in such regions prefer air conditioners over evaporative air coolers to benefit from enhanced cooling in constantly changing levels of humidity and temperature. This can act as a potential deterrent to revenue growth of the evaporative air cooler market in these regions.
Product Innovation to Remain the Main Focus of Manufacturers of Evaporative Air Coolers to Sustain in This Highly Competitive Market
Window air cooling systems and industrial evaporative air coolers are becoming increasingly popular across the world with expanding usage in diverse commercial and residential establishments. This demand surge has pushed manufacturers to innovate in terms of their product offering to attract and retain their customer base. Product innovations govern the basic landscape of the evaporative air cooler market and manufacturers are leveraging advanced technologies to beef up their product suites.
Technology such as IoT has also found its way into air cooling systems and new, smart evaporative air coolers are being launched in the market. Also, state-of-the-art evaporative air coolers that allow users to customize the cooling output are finding more number of takers in the international market, as these evaporative air coolers are also an environment friendly alternative to traditional air conditioners. IoT enabled evaporative air coolers incorporating smart sensors that optimize humidity, temperature, and fan speed based on the condition of the existing installation environment are also in great demand in both the residential and commercial sector.
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