An air cooler, mainly by absorbing heat to reduce indoor temperature and provide a suitable working environment, is a device used for cooling. Its working principle is that when the fan is running, the air outside the machine flows through a porous and moist curtain, absorbs heat through water evaporation, thereby reducing the air temperature, and also has the function of humidification. Air coolers are widely used in workshops such as textile and knitting, which can not only improve the working environment, but also purify the air and improve product quality.

Overview of Market Development

The global air cooler market is showing a steady growth trend. With global climate change and the improvement of people's living standards, the demand for air coolers is increasing year by year. At the same time, the pressure of energy conservation and emission reduction has also prompted the air cooler industry to continuously launch more energy-efficient and environmentally friendly products, and to focus on technological innovation. According to our research data, the global air cooler market revenue is estimated to be $1773 million in 2024, an increase of 8.86% from 2023, and is expected to continue to increase to $2948 million by 2029. The CAGR for 2024-2029 is estimated to be 8.84%.

Segmented Market Analysis

From the perspective of product types, air coolers can be divided into air-cooled air coolers and water-cooled air coolers according to the different forms of heat exchangers. Among them, air-cooled air coolers occupy the largest market share, estimated at 41.30% in 2024.

According to different application scenarios, air coolers can be divided into three types: residential air coolers, commercial air coolers, and industrial air coolers. Among them, residential air coolers dominate the market, with an expected market share of 65.51% by 2024.

Source: www.globalmarketmonitor.com

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global property air cooler market is relatively low. Data shows that in 2023, the top 3 companies had a total revenue of $484 million for air coolers, with a total revenue share of 27.33%. The top three companies were Kenstar, Symphony Limited, and Honeywell. In 2023, these three companies accounted for 11.08%, 9.58%, and 6.675% of the global market revenue in the air cooler market, respectively.

Companies	Market Revenue (Million USD)	Market Share
Kenstar	196	11.08%
Symphony Limited	170	9.58%
Honeywell	118	6.67%
Top3 Companies	484	27.33%