Increasing disposable income and demand for energy efficient products to fuel the growth of the air coolers market across the country through 2028.
According to TechSci Research report, “India Air Coolers Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The India air cooler market is forecast to grow at an impressive CAGR of around 9.04% in the forecast period due to rapidly surging demand from the consumer durables industry. The market’s growth is stimulated by rising temperatures, increasing urbanization, and rising disposable income. The demand for air coolers in the projected period will likely register sustainable growth due to the increasing population and global warming.
Over the years, air coolers have been an essential component of consumer durables in Indian households. With the rising awareness among customers, they seek “value options” that balance the characteristics of price, quality, convenience, consistency, and innovation. The demand for air coolers is expected to increase in the forecast years. The sector’s rise has been fueled by new technology, inventive design, and improvements in after-sales services.
In terms of sector, the air cooler market is segmented into organized and unorganized. The organized air cooler market is segmented into residential and industrial & commercial air coolers. Among these, the residential type has dominated the market, with a market share of around 80% in 2022. However, the industrial and commercial air cooler markets are expected to grow at the fastest rate during the forecast period, as industrial buildings increasingly install air coolers to provide a better working environment for their employees.
During the COVID-19 pandemic, the sales of air coolers went down because of the trade restrictions and a halt in production across the country. On the other hand, e-commerce has seen significant growth as companies were able to generate revenue through online channels.
Browse over 19 market data Figures spread through 70 Pages and an in-depth TOC on “India Air Coolers Market”
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The India air cooler market is segmented based on organized and unorganized sectors. The organized air coolers market in India is segmented by end user and region. In terms of end user, the India Organized Air Coolers market is segmented into Residential Air Coolers and Industrial & Commercial Air Coolers. Based on regional analysis, the market is segmented into the North, West, South, and East. The Indian Residential Air Coolers market is segmented based on product type and distribution channel. Regarding product type, the India Residential Air Coolers market is segmented into Desert, Personal, Tower, and Window. The distribution channel segment is divided into multi-branded stores; exclusive stores; supermarkets & hypermarkets; online; and others (direct sales, institutional sales, etc.). The India Industrial & Commercial Air Coolers market is segmented based on product type and distribution channel. Regarding product type, the India Industrial & Commercial Air Coolers market is segmented into Commercial Air Coolers and Centralized Air Coolers. The distribution channel segment is divided into two categories: Distributors/Suppliers/Dealers Vs. Direct Sales.
Key market players in the India Air Coolers market include:
- Symphony Limited
- Bajaj Electricals Limited
- Usha International Limited
- Ken Lifestyles Private Limited
- Orient Electric Limited
- Voltas Limited
- Ram Coolers
- Groupe SEB India Private Limited (Maharaja Whiteline)
- Blue Star Limited
- Havells India Limited
According to the Symphony, Cloud Wall-Mounted Personal Room Air Coolers can be placed on the wall like an air conditioner. The company has created it, so it’s difficult to tell whether it’s a cooler or an air conditioner just by looking at it. The good news is that the Symphony has kept the price low enough that anybody can afford it. These air coolers can be controlled thanks to the intelligent remote system’s remotely restored capability. Furthermore, this remote allows one to set a timer for up to 10 hours at leisure, saving money on monthly electricity costs. According to the company, the coolers use the most energy-efficient cooling technology. Running these air coolers costs a tenth of running a standard air conditioner. The air coolers come with i-Pure Technology, Cooling Pads, and an Empty Water Tank Alarm.
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“Demand for air coolers in India is growing steadily due to the focus on energy efficiency, urbanization, increasing purchasing power, and increasing knowledge about the benefits of innovative appliances. Market leaders are constantly upgrading their products to meet the growing demand, which is expected to drive the India air-cooler market over the next few years. Additionally, the emergence of the e-commerce industry will create new avenues for manufacturers/distributors to reach consumers and expand their customer base, which will positively impact the India Air Coolers market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Air Coolers Market, By Sector (Unorganized and Organized), India Organized Air Coolers Market, By End User (Residential Air Coolers and Industrial & Commercial Air Coolers), By Region (North, West, South and East), By Top 3 Leading States (in each region), Competition, Forecast & Opportunities, 2028F”, has evaluated the future growth potential of air coolers in India and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India air coolers market.
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