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Individuals are transforming their homes into smart homes using the latest technologies and devices. Strong adoption of technology is driven by supporting infrastructure and strong economies.
NEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, “Portable Evaporative Cooler Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type and Application” – https://www .reportlinker.com/p06419266/?utm_source=GNW
Due to the strong purchasing power of the population, supported by a high disposable income in countries such as Great Britain, Germany, France, the USA, China, Japan, South Korea, the United Arab Emirates and Saudi Arabia, customers prefer premium products Customers for sophisticated products helps market participants in introducing high quality, advanced and customized products.
Growing concerns about healthy lifestyles with assistive devices have created a new trend for portable Wi-Fi coolers.
NewAir Appliances introduced a new tower fan and portable evaporative cooler in 2019, allowing users to customize performance to meet their cooling needs. Ideal for home users in dry/arid climates, the NewAir EC300W can be used as a full-time evaporative cooler by filling the reservoir with water.
The new cooler allows consumers living with fluctuating humidity levels to customize evaporative cooling on dry days or even select fan-only mode with the push of a button. In addition, portable evaporative coolers with dehumidification and humidification technologies are available due to continuous technological developments.
The dehumidifier/humidifier can increase the efficiency of portable evaporative coolers.
Therefore, an increasing interest in evaporative cooling is driving technological advances such as Digital or touch-sensitive displays and remote control functions are expected to create lucrative opportunities for portable evaporative cooler market players during the forecast period.
Impact of the COVID-19 Pandemic on the Portable Evaporative Cooler Market
The COVID-19 pandemic hit almost all industries around the world in fiscal 2020 due to lockdown measures imposed by different countries, which disrupted the supply chain of various industries and created a demand and supply gap. The reduction in investments in evaporative cooling technologies has been one of the key impacts of the pandemic on the North American market in 2020.
However, according to the research study, the market is expected to grow again by the second quarter of 2023.
In North America, end users of portable evaporative coolers have been impacted to varying degrees by the COVID-19 pandemic. Hotels, hospitality, restaurants and venues (like live entertainment and sports) have struggled even after being able to reopen due to concerns about contracting the virus.
Additionally, consumer health concerns are one of the major factors that have impacted the growth of the portable evaporative cooler market across North America during the pandemic.
A large number of infected people prompted the governments of North American countries to close their borders in the second quarter of 2020. Production facilities were temporarily closed or were working with limited staff.
In addition, the supply chains of components and parts have been disrupted. The US is the largest market for portable evaporative coolers, particularly due to its technologically advanced food and beverage industry and industrial manufacturing.
However, the outbreak has severely impacted production and revenue generation due to decreased production volumes in various industries. Therefore, the COVID-19 pandemic continued to negatively impact the portable evaporative cooler market growth in North America through the second quarter of 2021.
Symphony Limited, Portacool Inc, Coolboss LLC, Schaefer, Texel and Honeywell International Inc are some major global portable evaporative cooler market players. Several other market players have been analyzed to provide a holistic view of the global Portable Evaporative Cooler market size and its ecosystem.
The overall market size for portable evaporative coolers has been derived using both primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information on the Portable Evaporative Cooler market.
The process also serves the purpose of obtaining an overview and forecast of the market size of Portable Evaporative Coolers with respect to all segments. Also, several primary interviews were conducted with industry participants to validate the data and gain more analytical insights.
Participants in this process include VPs, Business Development Managers, Portable Cooler Market Intelligence Managers and National Sales Managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders specializing in the Portable Cooler market.
Read the full report: https://www.reportlinker.com/p06419266/?utm_source=GNW
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