Compact Spot Cooler Market to Reach Valuation of USD 3,584.0 Million By 2032, at 5.4% CAGR: Astute Analytica [Yahoo! Finance]
DENSO CORP UNSP/ADR (DNZOY)
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Source: Yahoo! Finance
Demand surges for both industrial applications and personal leisure use. Technological advancements in portability, IoT integration, and eco-friendly design further fuel market growth. New Delhi, April 16, 2024 (GLOBE NEWSWIRE) -- The global compact spot cooler market was valued at US$ 2, 232.6 million in 2023 and is projected to attain a market valuation of US$ 3,584.0 Million by 2032 at a CAGR of 5.4% during the forecast period 2024–2032. The compact spot cooler market is poised for significant expansion, driven by a diverse range of applications across multiple industries. Residential applications hold the largest share of spot cooler consumption at 65%, indicating their well-established value in these sectors. Within industries, sectors like data centers are demonstrating particularly strong demand, with a CAGR of 7.5%, highlighting the growing need for precise temperature control to protect sensitive equipment. Spot coolers aren't confined to indoor environments; their use is
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