South 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)
The South America portable evaporative cooler market is expected to grow from US$ 306.78 million in 2022 to US$ 492.06 million by 2028. It is estimated to grow at a CAGR of 8.2% from 2022 to 2028.
Increasing Adoption of Evaporative Cooling in Residential Sector Fuel South America Portable Evaporative Cooler Market
The improving economic conditions across the region, 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. Urbanization and increasing population in economies have led to enormous 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.
South America Portable Evaporative Cooler Market Overview
The South America portable evaporative cooler market is segmented into Brazil, Argentina, and the Rest of SAM. The market growth in the region is driven by a stable economy and purchasing power of individuals motivating them to procure portable evaporative coolers for their residential purpose. Furthermore, recent technological developments are focused on colored LED displays and remote controllers. This factor is expected to accelerate the market growth in the coming years. For instance, under the brand name of Axial fans, a floor standing evaporative air cooler- climatizador evaporative portitil is provided which have a computer designed colored LED display and remote controller feature. Availability of such products is projected to fuel the portable evaporative cooler market growth in SAM during the forecast period.
South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
The South America portable evaporative cooler market is segmented into type, application and country.
Based on type, the South America portable evaporative cooler market is segmented into direct evaporative cooling and indirect evaporative cooling. The direct evaporative cooling segment held a larger share of the South America portable evaporative cooler market in 2022.
Based on application, the South America portable evaporative cooler market is segmented into residential, commercial, and industrial. The residential segment held the largest share of the South America portable evaporative cooler market in 2022.
Based on country, the South America portable evaporative cooler market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the share of the South America portable evaporative cooler market in 2022.
Honeywell International, NEIL Climatizadores, Symphony Ltd., and Vankool Technology are the leading companies operating in the South America portable evaporative cooler market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Portable Evaporative Cooler Market Landscape
4.1 Market Overview
4.2 SAM- PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America Portable Evaporative Cooler Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Evaporative Cooling in Residential Sector
5.1.2 Organic Strategies by Manufacturers to Meet Customer’s Demand
5.2 Market Restraints
5.2.1 Seasonal Demand and Less Adoption in Humid Areas of Portable Evaporative Coolers
5.3 Market Opportunities
5.3.1 Emergence of Enhanced Portable Evaporative Coolers
5.4 Future Trends
5.4.1 Growing Demand for Coolers Among Commercial Applications
5.5 Impact Analysis of Drivers and Restraints
6. Portable Evaporative Cooler Market –South America Market Analysis
6.1 South America Portable Evaporative Cooler Market Overview
6.2 South America Portable Evaporative Cooler Market Revenue Forecast and Analysis
7. South America Portable Evaporative Cooler Market– Type
7.1 Overview
7.2 South America Portable Evaporative Cooler Market, by Type (2021 & 2028)
7.3 Direct Evaporative Cooling
7.3.1 Overview
7.3.2 Direct Evaporative Cooling: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
7.4 Indirect Evaporative Cooling
7.4.1 Overview
7.4.2 Indirect Evaporative Cooling: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
8. South America Portable Evaporative Cooler Market– Application
8.1 Overview
8.2 South America Portable Evaporative Cooler Market, by Application (2021 & 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
9. South America Portable Evaporative Cooler Market – Country Analysis
9.1 Overview
9.1.1 South America Portable Evaporative Cooler Market, by Key Country
9.1.1.1 Brazil: South America Portable Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: South America Portable Evaporative Cooler Market, by Type
9.1.1.1.2 Brazil: South America Portable Evaporative Cooler Market, by Application
9.1.1.2 Argentina: South America Portable Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: South America Portable Evaporative Cooler Market, by Type
9.1.1.2.2 Argentina: South America Portable Evaporative Cooler Market, by Application
9.1.2 Rest of South America: South America Portable Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Rest of South America: South America Portable Evaporative Cooler Market, by Type
9.1.2.1.2 Rest of South America: South America Portable Evaporative Cooler Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Vankool Technology Co Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Honeywell International Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Symphony Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 NEIL Climatizadores
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: South America Portable Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South America Portable Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina: South America Portable Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: South America Portable Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South America: South America Portable Evaporative Cooler Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South America: South America Portable Evaporative Cooler Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Portable Evaporative Cooler Market Segmentation
Figure 2. South America Portable Evaporative Cooler Market Segmentation – By Country
Figure 3. South America Portable Evaporative Cooler Market Overview
Figure 4. South America Portable Evaporative Cooler Market, by Type
Figure 5. South America Portable Evaporative Cooler Market, by Country
Figure 6. SAM – PEST Analysis
Figure 7. South America Portable Evaporative Cooler Market – Ecosystem Analysis
Figure 8. South America Portable Evaporative Cooler Market: Impact Analysis of Drivers and Restraints
Figure 9. South America Portable Evaporative Cooler Market Revenue Forecast and Analysis (US$ Million)
Figure 10. South America Portable Evaporative Cooler Market, by Type (2021 & 2028)
Figure 11. Direct Evaporative Cooling: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Indirect Evaporative Cooling: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. South America Portable Evaporative Cooler Market, by Application (2021 & 2028)
Figure 14. Residential: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Commercial: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Industrial: South America Portable Evaporative Cooler Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. South America Portable Evaporative Cooler Market, by Key Country– Revenue (2021) (US$ Million)
Figure 18. South America Portable Evaporative Cooler Market Revenue Share, by Key Country (2021 & 2028)
Figure 19. Brazil: South America Portable Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Argentina: South America Portable Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Rest of South America: South America Portable Evaporative Cooler Market – Revenue and Forecast to 2028 (US$ Million)
- Honeywell International
- NEIL Climatizadores
- Symphony Ltd.
- Vankool Technology
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America portable evaporative cooler market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in South America portable evaporative cooler market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.