Portable Residential Air Cooler segment acquired the largest market revenue and volume share in Brazil Air Cooler market – 6Wresearch.
Brazil air cooler market observed a steady growth during 2018-20 owing to rising consumer spending’s and increasing urbanization. The COVID-19 pandemic had a very positive impact on the market revenues during the year 2020 owing to the lockdown imposed in the country as people had no other choice instead of staying in their homes in order to stay safe from the COVID virus. Hence, they required cooling appliances like air coolers for a comfortable living, creating huge demand for residential air coolers.
According to 6Wresearch, Brazil Air Cooler Market size is projected to grow at revenue CAGR of 5.5% during 2022-2028. The air cooler market of Brazil is currently in the growth stage in industry life cycle on account of increase in residential construction activities with an aim to provide housing units to the lower income class sector under “The Minha Casa Minha Vida housing program” would lead to substantial growth of the Brazil Air Cooler Market over the coming years.
By Tank Capacity, up to 10 L capacity segment accounted for the highest market revenue and volume share in 2021 followed by 10.1L – 30L tank capacity segment and is expected to dominate the market in coming years as well, owing to their maximum use in smaller spaces with less cooling space like bedrooms, small living rooms in homes.
By Application, residential sector is the major consumer of air coolers in Brazil as they are majorly adopted by the middle class and rural population of the country. Rising temperature and increasing disposable income of the growing middle-class population are expected to fuel the demand in the residential segment. Less power consumption factor is also a major growth driver for air cooler market in the residential sector.
According to Vatan Saini, Research Associate, 6Wresearch, “Geographically, South-East region dominated the market revenue and volume share in Brazil air cooler market in 2021 and same trend is expected to continue in the forecasted years on account of growing residential construction activities, developing warehousing industry and increasing urban population in the region”. However, northern region would witness the maximum growth rate in the forecasted time frame owing to the implementation of various government initiatives to fulfill the housing demand in the region.
Some of the major companies in Brazil air cooler market includes Britania Eletrodomesticos, Midea Carrier, Mondial Eletrodomesticos, Ventisol Indústria e Comércio SA, JCS Brasil Eletrodomésticos S.A., Symphony Climatizadores Ltda., Elgin Group, Whirlpool SA, Amvox, Viva Equipamentos and Rotoplast Industria de Climatizadores Ltda.
Brazil Air Cooler Market (2022-2028) report provides an in-depth analysis with 23 figures and 9 tables, covered in 79 pages. Report comprehensively covers the Brazil air cooler market by types, tank capacity, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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