Glass Curtain Wall Market Worth $79.0 Billion By 2027

The global glass curtain wall market size is expected to reach USD 79.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% over the forecast period. Growing product adoption in the construction of modern buildings and improvements in the installation technology is anticipated to drive the market over the forecast period.

Rapid urbanization and increasing employment opportunities in emerging economies of China, India, Vietnam, and Indonesia are driving the commercial construction industry. Moreover, the growing adoption of modern architectural designs and a rising preference for building structures with modern looks are expected to boost product demand in the Asia Pacific.

Growing investment in the construction of green buildings is one of the major factors driving the adoption of a glass curtain wall system. Furthermore, improvements in glass glazing technology and the growing adoption of Building Integrated Photovoltaics (BIPV) systems are anticipated to positively impact market growth over the forecast period.

Manufacturers are actively working on improving the thermal and energy efficiency of the glass curtain wall systems. Moreover, the advancements in glassmaking technology have enabled the production of large-sized glass panes, thereby providing a seamless and minimalistic look to the building structure and reducing the probability of leakage owing to minimal seam joints.

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https://www.grandviewresearch.com/industry-analysis/glass-curtain-wall-market

Further key findings from the study suggest:

  • The stick system type segment is expected to witness a revenue-based CAGR of 5.9% over the forecast period on account of its rising adoption in the construction and renovation of shopping centers, office buildings, and low rise structures
  • In 2019, the revenue for the public end-use segment in Europe stood at USD 3.3 billion owing to its wide-ranging adoption in the construction of various government and institutional buildings such as offices, libraries, auditoriums, and train stations
  • In China, the residential end-use segment is anticipated to witness a revenue-based CAGR of 9.4% over the forecast period on account of growing product installation in the construction of residential structures such as apartment complexes and single-family homes
  • Unitized system type segment in Europe is expected to witness a revenue-based CAGR of 6.0% over the forecast owing to the growing demand for the energy-efficient facade systems and rising adoption of BIPV in the region
  • Manufacturers are continually engaged in expanding their product portfolio along with introducing new and advanced technologies and provide installation services and after-sales support to the clients.

Water Heater Market Size Worth $37.52 Billion By 2027

The global water heater market size is expected to reach USD 37.52 billion by 2027, accelerating at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The augmenting residential housing sector coupled with rising disposable income is anticipated to bolster the global market growth.

Increasing urban migration coupled with propelling demand for a diversified array of water heaters across the real estate sector is anticipated to drive the market growth in the forthcoming years. In addition, stringent building standards are likely to encourage the adoption of star rated water heaters, thereby augmenting the product demand over the forecast period.

The availability of water heaters with wide-ranging capacity is anticipated to drive the product demand in various end-use industries. Increasing demand for 30 – 100 liters capacity water heaters across small businesses in the residential sector is projected to complement the product demand over the forecast period.

Timely availability of hot water supply coupled with growing need to address the hot water demands at peak hours across various commercial infrastructures is expected to augment the demand for water heaters over the forecast period. Furthermore, competitive and flexible product pricing along with new features and product assortments are likely to drive market growth.

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https://www.grandviewresearch.com/industry-analysis/water-heaters-market

Further key findings from the report suggest:

  • North America accounted for 21.5% of the revenue share in 2019 on account of elevated refurbishment activities and rising demand for high-efficiency water heaters in the region
  • The demand for solar water heaters is estimated to witness a CAGR of 4.7%, over the forecast period owing to the growing demand for sustainable and cost-effective water heating technology to decrease the overall electricity consumption
  • Tankless water heaters accounted for 34.3% of the global revenue share in 2019 on account of the increasing adoption of the product across a wide array of residential and commercial end-user applications
  • Germany dominated the Europe market by accounting for 20.4% of the revenue share in 2019, owing to the technological advancements coupled with government regulations driving the demand for energy-efficient products
  • Eminent market players such as A.O. Smith, Bajaj Electricals, Ltd., Rheem Manufacturing Company, and Rinnai Corporation are focusing on product innovation and mergers and acquisitions as their key growth strategies

Smart Electricity Meters Market Size Worth $18.9 Billion By 2027

The global smart electricity meters market size is expected to reach USD 18.9 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a revenue-based CAGR of 7.8% from 2020 to 2027. The rising demand for energy security has been prevailing in the energy sector for a long time. Renewable energy generation has sufficed this demand to a certain extent. Still, the energy provided by such systems is intermittent, and thus energy conservation and efficient utilization of power are the key aspects of energy security. Smart meters deliver instantaneous data regarding power consumption that can be analyzed and the consumption can be controlled, stabilizing the energy demands.

These smart systems help the commercial end-use segment considerably as they assist in increasing the energy efficiency by providing real-time pricing and consumption data, which is directly related to the spending of the division. Smart meters are a fundamental component of an intelligent grid network. The smart grids are used to monitor and control the transmission system, which is an enhancement over the conventional electrical network. The initialization of smart grids in various regions is expected to fuel the demand for smart electric metering systems over the forecast period.

Increasing regulatory initiatives for the installation of smart electricity meters in various regions around the globe are likely to spur the market demand over the forecast period. For instance, smart/intelligent electricity metering regulations have been established for the European region, set up by the European Commission and most of the European population have adopted smart electricity meters under this mandate. The benefits of smart meters, such as time-based pricing, net metering, energy prepayment, power quality monitoring, communications with other intelligent devices, and energy theft detection, are encouraging the adoption of smart electricity meters in all countries.  

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https://www.grandviewresearch.com/industry-analysis/smart-meters-market

Further key findings from the study suggest:

  • Growing adoption of smart grids by several regions is anticipated to drive the market growth over the forecast period
  • The residential segment is expected to hold significant smart electricity meters market share in 2019, owing to the need for customer energy management and flexibility in power load
  • The commercial end-use segment is expected to witness a considerable growth rate over the projected period owing to growing commercial buildings in urban areas
  • Europe market is expected to demonstrate substantial growth over the forecast period due to large-scale adoption of smart meters under regulations imposed by the European Commission
  • The key players in the smart electricity meters market areABB; GENERAL ELECTRIC; Holley Technology LTD.; Elster Group GmbH; Iskraemeco d.d.; Itron Inc.; Landis+Gyr; Schneider Electric, Inc.; and Siemens, among others.

Hand Wash Market Size Worth $10.73 Billion By 2027

The global hand wash market size is expected to reach USD 10.73 billion by 2027, expanding at a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness among consumers regarding the effectiveness of hand washing in terms of eliminating all types of germs and some viruses is one of the key factors fueling the market growth. Additionally, recent outburst of COVID-19 has re-emphasized the urgency of regular hand wash at the global level. All the world leaders and governments have been promoting the significance of hand hygiene in unison. These factors have spurred the demand for hand wash products, which is expected to continue during the forecast period.  

Increasing social campaigning and initiatives pertaining to importance of hand wash by renowned organizations are also expected to drive the market. For instance, awareness initiatives by the World Health Organization, including SAVE LIVES: Clean Your Hands annual global campaign, launched in 2009, Clean Care is Safer Care program from 2005 to 2015, and Infection Prevention and Control campaign from 2015 to 2017, were aimed to galvanize the importance of hand hygiene in reducing health care-associated infection.

Many manufacturers such as Brittanies Thyme, Puracy, and MADEOF LLC have been venturing into organic hand wash to attract customers who are largely influenced by products made from natural ingredients. These market players have been benefitting by transparent listing of important details, such as constituents, shelf life, and production processes. Organic hand wash products are free from parabens and sulfates that are known to cause rashes and irritation on the skin. These products contain plant based extracts, such as neem, honey, extra virgin oil, eclipta, castor seed oil, and coconut oil.

The commercial end-use segment held the largest market share in 2019 and is expected to maintain its lead over the forecast period. This is attributed to increasing demand for hand hygiene products from the hospitality industry, healthcare industry, and restaurants. The e-commerce distribution channel segment is expected to register the fastest CAGR of 7.7% from 2020 to 2027. Increasing internet and smartphone penetration across the globe is a major reason for the market growth.

Asia Pacific accounted for the largest share of more than 32.0% in 2019 owing to growing awareness among people regarding hand hygiene. In addition, increasing promotional events by the government and global organizations will fuel the demand for hand wash products in the region. For instance, in 2018, the World Health Organization asked the Southeast Asian countries to promote the practice of good hand hygiene, which could help prevent sepsis, a life-threatening disease that affects almost 30 million people globally every year.

Europe is expected to expand at the fastest CAGR of 6.6% from 2020 to 2027. According to the European Centre for Disease Prevention and Control (ECDC), healthcare-related infections, including those caused by bacteria resistant to antibiotics, have been increasing the public health problems in Europe, which is expected to drive the demand for hand wash products in the region.

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https://www.grandviewresearch.com/industry-analysis/hand-wash-market

Further key findings from the report suggest:

  • Rising importance of regular hand wash practices among consumers due to increase in the number of influenza like diseases, such as COVID-19, is boosting the growth of the hand wash market
  • Hand wash products have been gaining traction among consumers as these products have been considered to be more impactful for providing deep hand cleaning as compared to other alcohol-based disinfectants and sanitizers
  • By end use, the residential segment is expected to expand at a CAGR of 6.2% from 2020 to 2027. Manufacturers such as Reckitt Benckiser, Unilever, Amway, and Procter & Gamble have been categorically marketing and advertising their products focusing on the spread of diseases and infections caused by poor hand hygiene, thus boosting the segment growth.

HVAC Systems Market Size Worth $208.6 Billion By 2027

The global HVAC systems market size is anticipated to reach USD 208.6 billion by 2027, according to a new study by Grand View Research Inc., registering a CAGR of 6.1% over the forecast period. Growing commercial sector and rapid urbanization across the globe are driving the demand for HVAC equipment. Furthermore, incentives and rebate programs offered by various governments to promote the use of energy-efficient units is anticipated to drive the market growth.

Moreover, HVAC systems are being integrated with next-generation technologies, such as IoT sensors, remote control systems, and hybrid HVAC units, to increase efficiency and reduce energy consumption. This is also anticipated to support the global market expansion over the forecast period. On the other hand, high installation and maintenance costs, coupled with complexity of retrofit HVAC installations, may hinder the market growth. However, many prominent manufacturers are investing in R&D to develop cost- and energy-efficient units, which will fuel the product demand. For instance, a California-based company developed an ice-powered air conditioner. The new system reduces the energy consumption of the building by freezing a significant amount of water overnight and offers six hours of cooling the next day.

Several residential complexes and businesses are replacing old HVAC systems with new energy-efficient units for higher performance, energy savings, and cost reduction. Moreover, remodeling or new construction of residential, commercial, or industrial buildings require HVAC systems, which is another factor driving the market growth.

Asia Pacific dominated the global market in 2019. This growth is attributed to the rising disposable income and awareness regarding energy-efficient products. Furthermore, the growing real estate sector across the region as a result of increasing population will have a positive impact on product demand. The emergence of smart buildings and government initiatives promoting the use of energy- and cost-efficient systems are also expected to boost the regional market growth.

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https://www.grandviewresearch.com/industry-analysis/hvac-equipment-industry

Further key findings from the report suggest:

  • Cooling systems dominated the global market in 2019 and this trend is expected to continue through the forecast period owing to the rising demand from the residential and commercial sectors
  • The residential segment emerged as the leading product segment in 2019 owing to growth of the real estate sector in developing regions
  • Asia Pacific dominated the global market in 2019, driven by Japan and China, which collectively contributed to more than 50.0% of the total sales in the region. This can be attributed to the high populace, rising disposable income, and improved real estate market
  • Leading companies and several governments across the globe are promoting HVAC systems through endorsement labels such as ENERGY STAR for energy efficiency and incentive programs, which will boost the market growth  
  • Some of the top companies in this HVAC systems market are LG Electronics, Inc.; Lennox International, Inc.; Carrier Corporation; Samsung Electronics Co. Ltd.; United Technologies Corporation; Johnson Controls International PLC; and Daikin Industries Ltd.

Landscaping Products Market Worth $91.9 Billion By 2025

The global landscaping products market size is expected to reach USD 91.9 billion by 2025 registering a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Growing importance of outdoor spaces as lounge, entertainment area, outdoor kitchen, etc. is driving the demand for landscaping products, such as plants, water fountain, and gazebos. Renovating outdoor spaces not only brings aesthetics to the infrastructure but also increases its value, which is also one of the key factors responsible for rising demand for these products. Rapidly expanding real estate industry is also expected to have a positive impact on the market growth over the forecast period.

Thus, rise in the number of residential and commercial projects is supporting the growth of this market. In addition, increasing disposable income levels and awareness about these products in emerging countries are expected to boost the demand further. The residential application segment holds the largest market share and is expected to retain its leading position throughout the forecasted years owing to rising trend of outdoor kitchens etc. North America is projected to account for the largest market share by 2025 owing to rapidly expanding real estate market post-recession in 2008.

On the other hand, Asia Pacific is estimated to register the fastest CAGR from 2019 to 2025 due to growing target population, disposable income levels, and improving economic condition in the emerging countries of the region. Companies in landscaping products market are undertaking strategic initiatives, such as expanding product portfolio and merger and acquisition. For instance, in 2018, Ecodynamics, Australia’s largest landscaping products and services company, merged its sub-brands WeBlow, Aquaseeding, and Mossrock. The company now consists of four divisions spanning landscaping, mulch, services, and the nursery.

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https://www.grandviewresearch.com/industry-analysis/landscaping-products-market

Further key findings from the study suggest:

  • Planting material segment held the largest market share in 2018 and is expected to retain its market position over the forecasted period. Planting materials include plants, pots and planters, and grass seeds
  • Commercial sector is estimated to be the fastest-growing application segment owing to growing commercial sector across the globe
  • Moreover, rising focus on increasing the sustainability of the infrastructures will support the market growth in this segment
  • Key companies in the global landscaping products market are Griffon Corp.; Haddonstone Ltd.; Home Depot Product Authority LLC; Kafka Granite LLC; Lehigh Hanson, Inc.; and Anchor Block Company

Air Freshener Dispenser Market Size Worth $13.1 Billion By 2025

The global air freshener dispenser market size is anticipated to reach USD 13.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.2% over the forecast period. Growing preferences for high-end lifestyles, coupled with demand for convenient devices that help in hassle free air care, has been providing lucrative opportunities for the global market.

Consumers’ demand for automated utility products is driving the popularity of air freshener dispensers. Electric dispensers are commonly used across the residential and commercial sectors. Features such as effective functionality, compact designs, portability, and convenient use are resulting in increasing traction of this product. Wall mounted dispensers, which serve as a handy gadget, have the highest acceptance due to their easy installation. For instance, Qbic is a brand owned by CGS Stores LTD, a company that specializes in online stores. This store offers a wide range of electric air freshener dispensers sourced from Europe, Asia, and U.S.

Online distribution channel is expected to expand at the fastest CAGR of 15.6% over the forecast period. Companies are tying up with online retailers as well as introducing their e portals. For instnace, Alibaba, Hygiene Supplies Direct U.K., Amazon, and Walmart tied up with leading home fragrance manufactures. Brands such as Airwick by Reckitt Benckiser are widely available on retailer websites such as ASDA, TESCO, Sainsbury’s, Morrisons, Waitrose, Ocado, and Amazon in U.K.

The residential end user segment accounted for a major share of more than 70.0% in 2018. Growing need to maintain healthy indoor air quality, consumers’ busy lifestyle, and increasing preferences for automated products have resulted in increased popularity of air freshener dispensers. Companies are continuously focusing on offering modified features and technology that eliminates the need for any manual intervention. The commercial end user segment is expected to witness the highest growth over the forecast period owing to growing importance of maintaining hygiene in the public areas with minimal manual operations.

Europe accounted for the largest market share in 2018. Effective retail infrastructure, presence of large number of online retailers, and high purchasing power of the consumers are some of the factors contributing to the market growth in Europe. The market in Asia Pacific is expected to witness the highest growth during the forecast period. The market is expected to be driven by improvement in lifestyle, coupled with increasing purchasing power in countries such as China and India.

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https://www.grandviewresearch.com/industry-analysis/air-freshener-dispenser-market

Further key findings from the report suggest:

  • The global air freshener dispenser market is expected to expand at a CAGR of 15.2% from 2019 to 2025
  • By end user, the residential segment accounted for a share of more than 70.0% in 2018 and is expected to witness steady growth over the forecast period
  • By distribution channel, supermarkets/hypermarkets held a major share of more than 40.0% in 2018 and is expected to maintain its lead in the next few years
  • Key market players include Vectair Systems Ltd.; Reckitt Benckiser Inc.; Qingdao Anyfeel Electric Co. Ltd.; Jarden Corporation; Farcent Enterprise Co. Ltd.; S.C. Johnson & Son Inc.; Church & Dwight Co. Inc.; Procter & Gamble Co.; and Henkel KGaA.

Floor Cleaning Equipment Market Size Worth $9.56 Billion By 2025

The global floor cleaning equipment market size is anticipated to reach USD 9.56 billion by 2025 registering a CAGR of 8.5% from 2019 to 2025, according to a new report by Grand View Research, Inc. Rising usage of different flooring materials, such as wood and ceramic, is expected to boost the demand for effective floor cleaning machines, thereby propelling the market growth. In addition, increasing awareness about airborne diseases caused due to dust and dirt is contributing to the product demand. Rapidly expanding hospitality sector and construction market are also fuelling the demand for different types of floor cleaners, such as scrubbers, polishers, vacuum cleaners, and electronic sweepers.

Product innovations in the market will boost the growth further. For instance, in 2015, Tennant Co. introduced new T300 Walk-Behind Scrubber, which includes multiple configurations in performing the task of hard surface floor cleaning in hospitals. Moreover, introduction of ride-on models of floor cleaners have significantly augmented the demand as they are highly convenient and less time-consuming. Floor scrubber product segment led the global market. This equipment have a wide scope of application in commercial buildings for effective cleaning.

The residential application segment is projected to register the fastest CAGR over the forecast years. North America was the dominant regional market in 2018 and accounted for more than 44% of the global share. Growing corporate sector due to availability of large commercial spaces in developed countries of the regions is expected to be the key growth-driving factor for the market. Moreover, increasing usage of carpet as a floor covering has widened the scope of application for vacuum cleaners, thereby supporting market development.

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https://www.grandviewresearch.com/industry-analysis/floor-cleaning-equipment-market

Further key findings from the study suggest:

  • Vacuum cleaner segment is expected to witness the fastest CAGR of 8.9% from 2019 to 2025. However, floor scrubber is likely to be the largest segment in future
  • Commercial application was the largest segment in 2018 and is expected to retain its dominant position during the forecast years
  • Asia Pacific is said to be the fastest-growing regional market registering a CAGR of 9.8% from 2019 to 2025
  • Key companies in the floor cleaning equipment market are Nilfisk Group; Alfred Kärcher GmbH & Co. KG; Tennant Company; Hako Group; EUREKA S.p.A.; International Cleaning Equipment; Comac SpA; Minuteman International, Inc.; and Denis Rawlins

U.S. Air Freshener Market Size Worth $2.18 Billion By 2025

According to a recent report published by Grand View Research Inc.,wide-scale consumer awareness along with product modifications is set to fuelmarket expansion.

According to a report, “U.S. Air Fresheners Market Analysis by Product Type (Aerosol/Spray, Electric Air Fresheners, Gels, Candles, Others) by Application (Residential, Commercial, Cars, Others), Competitive Analysis And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc. The U.S. air fresheners market was valued at USD 1.62 billion in 2016, registering a CAGR of 3.4%by 2025, as per a new report by Grand View Research Inc.Manufacturers are experimenting with new fragrances in order to pacify customer preferences in this market, and this trend is being adopted by the U.S consumers. Essential oil demand for several fragrances is at an all-time high presently, therefore hinting varied product diversification in this region.

The consumers are willing to pay a premium price for several aesthetic fragrances and this is encouraging air freshener companies to expand their product portfolio, thus, prompting growth in revenue in this region. The market is also driven by the consumer’s quest for their homes to smell good. In a recent survey conducted by the Census data and Simmons National Consumer Survey (NHCS), more than 80% of the U.S. population uses air freshener products, primarily for residential applications.

In 2017, the overall number of air freshener cans that have been sold were estimated to be more than 300 million, as more than 30 million U.S. residents have used 6 cans or more than in a year. These figures have showcased an excellent positive co-relation with disposable income indexes in the country.

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https://www.grandviewresearch.com/industry-analysis/us-air-fresheners-market

U.S. Air Fresheners Market Highlights

  • The sprays/aerosolled product type segment in 2017. This product generated the maximum demand among consumers due to its excellent odor-neutralizing properties that are enhanced by the chemicals present in the aerosol/spray cans
  • The candles segmentis set to project healthy growth, on account of its aesthetic fragrance and is driven by the rising disposable income. This region’s disposable income is demonstrating stability after an initial downfall during the 2014 – 2016 period
  • The residential segment is the largest grossing segment and will be the fastest-growing of the U.S. air freshener market. The residential segment accounts for more than 70% of the revenue share
  • The car segment is projected to witness the second-largest growth over the forecast period. The U.S. car sales is optimistically growing and is expected to continue this trend by 2025after a marginal upset in 2018
  • The air freshener market is also expected to benefit from the booming trend of non-essential expenditure’s outpacing essential spending in this demographic. The commercial segment held a revenue of USD 223.4 million in 2017 and is anticipated to grow at a CAGR of 3.2% by 2025

Air Coolers Market Size Worth $2.5 Billion By 2025

The global air coolers market size is expected to reach USD 2.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.8% over the forecast period. The market growth is attributed to affordability and efficient cooling, less power consumption as compared to AC, usage in outdoor space, and product innovation. Moreover, the product acts as a humidifier in dry weather and is environment and eco-friendly, thereby driving its demand.

Increasing demand for energy efficient, low power consuming, and eco-friendly cooling products is driving the market demand across the globe. These operate through the principle of evaporation. It uses simple air moving technique that pulls fresh air from outside driving through wet cooling pads, which absorb the heat from the surrounding and does not make it dry like ACs.

Air cooler does not use any harmful cooling agents such as CFC, HCFC, and other hydrofluorocarbons used in AC to cool the surrounding, thereby making it more eco-friendly. Growing concerns over energy consumption by ACs are increasing the inclination of consumers towards air coolers. They lower approximately 80% – 90% of electricity bill as compared to ACs, thus making them economical and energy efficient in the longer run.

Air coolers are not efficient to be used in humid and coastal areas, which is acting as a restraint to the market growth. However, product innovation is boosting the demand among developing economies. Technologically advanced products are penetrating the market in both developed and developing economies at a higher rate.

Remote control function for quick access to settings, speed of fan, and multi speed setting are finding it place in the market at higher rate than tradition air coolers. Innovative cooling pads such as Honeycomb also known as Cellulose cooling pad are decreasing the maintenance cost and increasing the cooling capacity.

By type, the air coolers market is segmented as tower, dessert, and others. Tower accounted for the largest market share in 2018. It is anticipated to register the fastest CAGR of 11.7% over the forecast period owing to the stylish design and compact nature. Consumers are more inclined towards these product types as they are easily portable and more economical. Moreover, they are compatible in dry as well as humid air, thereby making it a preferred choice among consumers.

Dessert air cooler and other air coolers such as personal, window, and mini portable air coolers are expected to witness significant growth over the forecast period. Dessert cooler held the second largest share in the market owing to its cooling capacity as it is larger in size. It needs to be kept outside the room to maintain its cooling capacity, if kept inside the room, the cooling capacity is affected.

By application, the market is segmented into residential and commercial. Residential accounted for the largest share of 80.0% in 2018 and is anticipated to witness the fastest growth over the forecast period. Rising temperature and increasing disposable income of growing middle class are expected to fuel the product demand in the residential segment.

Product demand is growing in the commercial segment due to its application in open air functions, where ACs cannot be installed. However, air ducts and central air conditioners are preferred for cooling as commercial space has a larger area. Groceries and retailer stores have showcased interest in adoption of air coolers owing to growing temperature and preference for cooler working environment.

Asia Pacific was the largest market in 2018, accounting for a share of 60.0%. The region is anticipated to witness significant growth owing to increasing temperature and substantial climate change. Demand is driven by adoption of air coolers in the residential as well as commercial sectors due to preference for cooling working environment and economically cheaper cooling product. In Asia Pacific, India holds the largest market share owing to large middle class population. Moreover, the country is the fastest growing market in the region owing to increasing number of manufacturers and competitive pricing.

Players in the industry strategize to expand globally by entering into niche markets through mergers and acquisitions and joint ventures. For instance, Symphony acquired Munters Keruilai Air Treatment Equipment Co., Ltd. to expand its reach in China.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/air-coolers-market

Further key findings from the report suggest:

  • By type, tower accounted for the largest share in 2018 due to stylish design and compact nature
  • India held the largest market share in Asia Pacific in 2018 owing to large middle class population, increasing manufacturers, and competitive pricing
  • Key players operating in the global air coolers market include Symphony Limited; Bajaj Electricals Limited; Havels India Limited; Honeywell International Inc.; Aolan (Fujian) Industry Co., Ltd.; and Luma Comfort.