Global Desert Air Cooler Market Research Report Forecast 2027
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Global Desert Air Cooler Market is valued approximately at USD XXX Million in 2019 and is anticipated to grow with a healthy growth rate of more than 10.20% over the forecast period 2020-2027. Desert air cooler are also known as evaporative air coolers which uses the phenomenon of evaporation to decrease the temperature in the surrounding area. Desert air coolers are energy-efficient, reduce the carbon footprint and are free of contaminants. They often use less energy and hence have a cost-effective option.
The desert air cooler market is expected to grow with a significant pace over the forecast years due to the surging construction in the residential sector across the globe. For instance, as per the BNC projects journal there are over 15,000 construction projects worth USD 791 billion at various stages of completion in UAE. While Dubai has 43,000 residential units with 136 projects which are over 80% complete. Moreover, the Rou’a Al Madinah and Rou’a Al Haram development companies formed in Saudi Arabia for the development of Makkah and Madinah will develop the region with Rou’a Al Madinah developing a 1.3million sq meters of land to construct 500 housing units and 80,000 hotel rooms while Rou’a Al Haram developing a 854 thousand sq meters of land with 115 buildings in the first phase which will consist of 9000 residential units, 70 thousand hotel rooms and 360 thousand sq meters of commercial space.
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Similarly, According to Construct connect report, the Construction sector is estimated to witness a surge of around 20% in the year 2018 in comparison to year 2017. There would be around 100,730 new construction projects in Canada comprising of both residential and non-residential buildings and civil engineering works in the year 2018. Among 100,730 new construction projects, around 41,363 construction projects would be of non-residential buildings, 26,782 would be of residential buildings and 32,585 construction projects would be of other civil engineering works in Canada. Since desert air cooler are portable and gaining a significant demand because of their easy to transport facility. Furthermore, the increasing demand for energy-efficient and eco-friendly cooling products is creating lucrative opportunities for the companies operating in the market. However, rising demand for HVAC across the globe is hampering the growth of market over the forecast years.
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