Portable Air Cooler Market

Global Portable Air Cooler Market Size (2024 to 2029)

The size of the global portable air cooler market is estimated to be worth USD 0.44 billion in 2024 and USD 0.62 billion by 2029, growing at a CAGR of 7.26% during the forecast period.

Portable air coolers are also popular as evaporative air coolers are designed to provide a cost-effective and energy-efficient cooling solution. Portable air coolers work by drawing warm air through water-saturated cooling pads, where the air undergoes an evaporative cooling process. As the air evaporates water, it loses heat and results in a cooler and more comfortable ambient temperature.

The portable air cooler market has experienced substantial growth in recent years. In recent years, there has been a noticeable increase in consumer interest in portable air coolers due to their cost-effectiveness and eco-friendly features. During the forecast period, the growth of the portable air cooler market is evident owing to the rising adoption of these coolers in residential, commercial, and outdoor settings. The demand for portable air coolers has particularly spiked in regions with hot climates, where consumers seek effective yet economical cooling alternatives. With a growing emphasis on sustainability and energy efficiency, portable air coolers have gained acceptance as environmentally conscious choices for personal and spot cooling.

Global Portable Air Cooler Market Drivers:

The growing demand for energy-efficient and cost-effective cooling solutions is majorly driving the growth of the portable air cooler market. The consumer preference for portable air coolers has witnessed a notable increase in recent years and this trend is expected to accelerate in the coming years. Portable air coolers are more efficient than traditional air conditioning systems. The U.S. Department of Energy says portable air coolers consume 75% less energy compared to traditional air conditioning systems and contribute to cost savings. The ability of portable air coolers to deliver relief from heat while significantly reducing energy consumption compared to traditional air conditioning systems is attracting consumers to consider portable air coolers as a must-have at homes.

The rising awareness and emphasis on environmental sustainability are contributing to the growth of the portable air cooler market. The demand for eco-friendly air conditioning options such as portable air coolers is growing rapidly, which is showcasing the shift towards greener alternatives. The behavior of consumers towards sustainability while choosing efficient and cost-effective cooling solutions has taken a significant shift in recent years. As per the recent Nielsen Global Corporate Sustainability Report, an estimated 73% of consumers are ready to pay more for sustainable goods, which is guiding a strong interest in consumers towards environment-friendly solutions including cooling solutions. Likewise, the growing adoption of products that can provide environmental sustainability by consumers is likely to favor the growth of the portable air cooler market.

The growing temperatures in some of the countries and increasing interest from consumers to choose cost-effective cooling solutions to tackle the heated environments in such countries are boosting the adoption of portable air coolers in such countries and propelling the market’s growth rate. Regions such as Asia-Pacific and Middle East and Africa usually experience high temperatures and in the countries of these regions, the sales for portable air coolers have seen a notable increase in recent years and are expected to grow rapidly during the forecast period. The demand for portable air coolers is also increasing in the U.S. as people have been increasingly considering these devices as supplementary cooling solutions.

Global Portable Air Cooler Market Restraints:

Limited cooling capacity is one of the major restraints to the growth of the global market. Seasonal demand, competition from air conditioners and high humidity challenges are further impeding the growth rate of the global portable air cooler market. The perception of as a secondary cooling option, noise levels and inadequate cooling for large spaces are hindering the global market growth.

REPORT COVERAGE:

This research report on the global portable air cooler market has been segmented and sub-segmented based on type, end-user, distribution channel and region.

Global Portable Air Cooler Market – By Type:

• Automatic
• Semi-Automatic

Based on type, the automatic segment led the market and held 64.9% of the global market share in 2023 and is anticipated to witness the fastest CAGR of 8.4% during the forecast period. The domination of the automatic segment in the global market is likely to continue throughout the forecast period owing to the growing sales of automatic portable air coolers worldwide. The growing consumer preference for technologically advanced air coolers is further propelling segmental growth. For instance, smart-enabled portable air coolers account for 30% of the sales in overall automatic portable air cooler sales.

The semi-automatic segment is estimated to register a CAGR of 6.12% during the forecast period. The wide adoption of semi-automatic portable air coolers in rural and developing markets is primarily contributing to the semi-automatic segment in the global market. The durability and low maintenance costs of semi-automatic portable air coolers compared to automatic models further support the growth rate of the semi-automatic segment in the global market.

Global Portable Air Cooler Market – By End User:

• Residential
• Commercial

Based on end-user, the residential segment dominated the market with 76.4% of the global market share in 2023 and the domination of the residential segment is estimated to continue throughout the forecast period. The growing demand for cost-effective cooling solutions in developing countries, increasing sales for portable air coolers across online platforms and the rising popularity of energy-efficient and eco-friendly portable air coolers are majorly boosting the growth of the residential segment in the global market.

The commercial segment is projected to showcase a CAGR of 7.56% during the forecast period. Factors such as the increasing adoption of portable air coolers in the hospitality industry and the growing usage of portable air coolers in commercial spaces with limited or no air conditioning are contributing to the growth of the commercial segment in the global market.

Global Portable Air Cooler Market – By Distribution Channel:

• Store-Based
  • Supermarket & Hypermarket
  • Specialty Stores
  • Others
• Non-Store-Based

Based on distribution channel, the store-based segment led the market in 2023, however, the non-store-based segment is expected to grow at the highest CAGR during the forecast period.

Global Portable Air Cooler Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Based on region, the APAC region dominated the portable air coolers market in 2023, accounting for 41.4% of the global market share and the domination of the APAC region is expected to continue throughout the forecast period. During the forecast period, the Asia-Pacific region is anticipated to grow at the fastest CAGR of 8.12% compared to all the regions. Urbanization has been happening at a rapid pace in the Asia-Pacific region and is resulting in the increased demand for cooling solutions, which is one of the key factors propelling the APAC market growth. Factors such as affordable pricing, the availability of a wide range of portable coolers and the rapid adoption of portable air coolers in commercial and hospitality sectors are fueling the growth rate of the APAC market. The growing middle-class population and increasing disposable income of people in the Asia-Pacific region are favoring the regional market growth. China followed by India led the portable air coolers market in the Asia-Pacific and this trend is expected to remain the same throughout the forecast period.

North America is anticipated to be the second biggest regional segment for portable air coolers in the global market during the forecast period and grow at a CAGR of 6.1%. The growing sales for portable air cools in the countries of North America, increasing demand for portable cooling solutions in residential spaces, rising frequency of heatwaves and extreme temperatures, growing focus on energy-efficient and environmentally friendly cooling options and increasing awareness of the health benefits of improved indoor air quality are boosting the growth of the North American market.

Europe is a notable regional market for portable air coolers and is estimated to occupy a substantial share of the global market during the forecast period. The implementation of stringent environmental regulations favoring eco-friendly cooling is driving demand for portable air coolers in Europe and contributing to the European market growth. The adoption of portable air coolers is high among small apartments and offices. The number of small apartments and officers is gradually increasing in Europe and is predicted to favor the growth of the European portable air cooler market.

The Latin American region is projected to hold a considerable share of the global market during the forecast period owing to the escalating temperatures in tropical regions in Latin American countries and increasing awareness of portable air coolers as an alternative to air conditioners. Brazil led the portable air cooler market in Latin America in 2023 and is expected to continue leading during the forecast period.

The MEA regional market is predicted to witness a steady CAGR in the coming years.

KEY MARKET PARTICIPANTS:

Companies playing a key role in the global portable air cooler market include Olimpia Splendid S.p.A., Electrolux AB, LG Electronics Inc., Havells India Ltd., De'LonghiS.p.A, Honeywell International Inc., Carrier Corporation, The Whirlpool Corporation, Symphony Limited, NewAir, Bajaj Electricals Ltd, Usha International Ltd, WHYNTER LLC, Panasonic Corporation, and Orient Electric. Other notable participants comprise De’ Longhi Appliances S.r.l., Air-Art Heating & Air Conditioning, HK Appliances GmbH, Dover Corporation, GENERAL ELECTRIC COMPANY, Hitachi, Ltd., Haier Inc., SunTec Web Services Pvt. Ltd, Gree, GUANGDONG CHIGO AIR CONDITIONING CO., LTD., Robert Bosch GmbH, Dacor, Inc., and Koninklijke Philips N.V. These companies contribute significantly to the portable air cooler market by offering a diverse range of products and innovative solutions catering to the cooling needs of consumers worldwide.