Small Air Cooler Demand Driving Market

The market for air coolers in North America is estimated to grow at a compound annual growth rate of eight per cent from 2020 to 2026, says a report from Research and Markets. Rising demand for small and portable air coolers is one of the major factors driving the market growth. Based on type, the market is classified into a tower, desert, and others. Based on the application, the market is classified into residential and commercial. In 2019, residential air coolers to witness the largest share in the market owing to the significant demand for cost-effective and energy-saving cooling systems in residential. Additionally, increasing residential construction is expected to support the demand for energy-efficient air coolers owing to low energy consumption and capital cost compared to air conditioners (ACs).