Report : North America 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 5.8% CAGR, the North America Portable Evaporative Cooler Market is speculated to be worth US$ 585.30 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America portable evaporative cooler market was valued at US$ 416.37 million in 2022 and is expected to reach US$ 585.30 million by 2028, registering a CAGR of 5.8% from 2022 to 2028. Increasing adoption of evaporative cooling in residential sector and organic strategies by manufacturers to meet customer’s demand are the critical factors attributed to the North America portable evaporative cooler market expansion.
Portable evaporative coolers are gaining popularity in residential spaces due to their various advantages such as portability, convenience, and easy and quick maintenance. Moreover, the adoption of portable evaporative cooling is increasing in hotels, warehouses, shopping complexes, regional sites (churches), kitchens, garages, gyms, porches/decks, events venues, and workshops to handle the concerns regarding warm air. Thus, the rising demand for portable evaporative coolers in commercial and residential spaces drives the growth of the portable evaporative cooler market. In April 2021, Portacool, LLC extended its product line by adding an expansive Portacool evaporative cooler. The newly introduced Portacool 510 is a powerful and portable cooling solution developed to make open spaces comfortably cool through a natural evaporation process. Similarly, in September 2022, Indwell announced the launch of two in one air conditioner and cooler that uses evaporative technology for residential and commercial applications. Also, the compact cooler provides ultimate versatility for on-the-go and spot cooling to meet the requirements of outdoor living, home, and small workspaces. Such developments in portable evaporative coolers are also contributing to the portable evaporative cooler market growth for the residential segment.
On the contrary, seasonal demand and less adoption in humid areas of portable evaporative coolers hurdles the growth of North America portable evaporative cooler market.
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 89.5% market share in 2022, amassing US$ 372.74 million. It is projected to garner US$ 530.97 million by 2028 to expand at 6.1% CAGR during 2022–2028.
Based on application, the North America portable evaporative cooler market is categorized into residential, commercial, and industrial. The industrial segment held 46.0% market share in 2022, amassing US$ 191.74 million. It is projected to garner US$ 276.48 million by 2028 to expand at 6.3% CAGR during 2022–2028.
Based on country, the North America portable evaporative cooler market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.2% market share in 2022. It was assessed at US$ 304.68 million in 2022 and is likely to hit US$ 426.74 million by 2028, exhibiting a CAGR of 5.8% during the forecast period.
Key players dominating the North America portable evaporative cooler market are Delta T LLC, Hessaire Products Inc., Napcom LLC, Portacool LLC, Honeywell International Inc., Metalurgica Manlleuense SA, Symphony Ltd, and Phoenix Manufacturing Inc. among others.
- In July 2021, Madison Industries acquired Big Ass Fans.
- In Jun 2021, Newair received investment from Guardian Capital Partners.
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