Report : Europe Portable Evaporative Cooler Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Direct Evaporative Cooling and Indirect Evaporative Cooling) and Application (Residential, Commercial, and Industrial)
At 6.4% CAGR, the Europe Portable Evaporative Cooler Market is speculated to be worth US$ 448.46 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe portable evaporative cooler market was valued at US$ 308.88 million in 2022 and is expected to reach US$ 448.46 million by 2028, registering a CAGR of 6.4% from 2022 to 2028. Growing adoption of evaporative cooling in residential sector and organic strategies by manufacturers to meet customer’s request are the critical factors attributed to the Europe portable evaporative cooler market expansion.
Individuals are transforming their homes into smart homes with the latest technologies and devices. The strong adoption of technology is driven by supportive infrastructure and strong economies. Due to the strong purchasing power of the population backed by high disposable income in countries such as the UK, Germany, and France, customers prefer premium products. Increased focus of customers on sophisticated products is helping the Europe portable evaporative cooler market players introduce premium, advanced, and customized products. Growing concerns related to a healthy lifestyle with supporting gadgets created a new trend of Wi-Fi portable coolers.
Air filtration: Portable evaporative coolers can remove pollen, dust, and other particles. Removal of allergy-causing particles from the air is another important development in the coolers. Companies such as Pure Air provides Pure Air Today 3-in-1 is an air purification technology and ETL (Edison Testing Laboratories) and CARB (California Air Resources Board) Certified True HEPA Air Purification System. The system can offer hygienic humidification, a powerful airflow system, and comfort-enhancing evaporative cooling, which results in fresh and clean air.
Two-in-one evaporative cooler: NewAir Appliances unveiled a new tower fan and portable evaporative cooler permitting users to customize the output as per their cooling requirements. The NewAir EC300W, is ideal for home users of dry/arid climates and can be used by filling the reservoir using water and use it as a full-time evaporative cooler. The new cooler allows consumers living in fluctuating humidity levels to customize evaporative cooling on dry days or even select the fan-only mode at the flip of a switch. Moreover, with continuous technological developments, portable evaporative coolers are available with dehumidification and humidification technologies. The dehumidifier/humidifier can boost the efficiency of portable evaporative coolers.
Therefore, an increasing interest in evaporative cooling is driving technological advancements as mentioned above and will endure to dos so. It is also attracting attention of digital display, and remote-control feature which is expected to create lucrative opportunities for portable evaporative cooler manufacturers during the forecast period.
On the contrary, seasonal demand and fewer approval in humid areas of portable evaporative coolers hurdles the growth of Europe portable evaporative cooler market.
Based on type, the Europe portable evaporative cooler market is bifurcated into direct evaporative cooling and indirect evaporative cooling. The direct evaporative cooling segment held 91.5% market share in 2022, amassing US$ 282.56 million. It is projected to garner US$ 415.26 million by 2028 to expand at 6.6% CAGR during 2022–2028.
Based on application, the Europe portable evaporative cooler market is categorized into residential, commercial, and industrial. The residential segment held 44.1% share of Europe portable evaporative cooler market in 2022, amassing US$ 136.08 million. It is projected to garner US$ 205.66 million by 2028 to expand at 7.1% CAGR during 2022–2028.
Based on country, the Europe portable evaporative cooler market has been categorized into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 23.6% market share in 2022. It was assessed at US$ 73.05 million in 2022 and is likely to hit US$ 119.74 million by 2028, exhibiting a CAGR of 8.6% during the forecast period.
Key players dominating the Europe portable evaporative cooler market are Portacool LLC, Honeywell International Inc., Metalurgica Manlleuense SA, and Symphony Ltd among others.
- In July 2020, Honeywell launched the Zeta air cooler.
- In April 2021, Portacool LLC launched Portacool 510 portable cooler.
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