India Air Coolers Market To Be Dominated By Residential Segment During The Forecast Period
Rising
awareness about environmental issues and advancement in technology is expected to fuel the growth of the India air coolers
market through 2028.
According
to TechSci Research report, “India Air Coolers Market– By Region,
Competition,
Forecast & Opportunities, 2028F”, The India
Air Coolers market is anticipated to project robust growth during the forecast
period because of the focus on energy efficiency, increasing urbanization,
changing lifestyle, rising demand from rural areas, and new launches of
technologically advanced products.
Air coolers
are mostly used in India because they consume 90% less electricity than
conditioners. The market for air coolers is anticipated to expand and become
more profitable due to rising public awareness of energy conservation and
government support for it. Cooling equipment is now necessary for homes as the
temperature goes up. Increasing consumer awareness regarding global warming,
rising temperatures around the world, and growing demand for home cooling
equipment are just a few of the important variables expected to drive the
future growth of the India air cooler market. Demand for air coolers in rural
areas is expected to increase owing to
increasing disposable incomes and
due to government's initiatives of strengthening the industrial sector.
There are
four types of residential air coolers. The desert coolers are appropriate for
locations with high temperatures and low humidity. These coolers similarly
operate on the idea of removing heat from water while generating cool air. As such
conditions are most common in desert regions, the term "desert
cooler" has been created. Desert coolers assist in lowering the
temperature in enclosed settings.
The personal
air cooler is well-portable and designed for compact rooms. These are also
frequently known as "small air coolers”. Personal coolers are lightweight
compared to other types of coolers, making them portable and simple to use
whenever and wherever.
Tower
coolers can cool larger areas more quickly because they distribute air
vertically. Given that these are larger units, they might require better care.
Tower coolers draw in heated air and expel cool air by using a combination of
fans and water-cooling techniques. The air coolers are made to be as silent and
unobtrusive as possible.
Window air
coolers should ideally be mounted on the window frame, as the name suggests.
When installed, the unit's tank is outside the house and doesn't take up any
space inside. Despite occupying little area on the wall, it effectively cools
the space. Window air coolers last a long time since they are made with
high-quality plastic and have honeycomb pads. These coolers are slightly more
expensive and require more maintenance than personal and tower air coolers.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on the” "India Air Coolers Market"
The India Air Coolers market is segmented on the basis of end-user,
region, and competitive landscape. Based on the end user, the India Air Coolers
market is further divided into residential air coolers and industrial & commercial
air coolers. With a market share of around 80% in 2022, the residential type
has dominated the market among them. However, as more industrial buildings
install air coolers to give their staff a better working environment, the
industrial and commercial air cooler segment are anticipated to develop at the
fastest rate throughout the projected period.
The India residential air cooler market Is bifurcated on the basis of product
type and distribution channel. Based on product type, the India residential air
coolers market is further divided into desert, personal, tower, and window. The
market is dominated by the desert cooler segment on account of better
performance in large spaces with less electricity consumption.
The distribution channel segment is further divided into multi-branded
stores, exclusive stores, supermarkets and hypermarkets, online, and others
(direct sales, institutional sales, etc.).
The India Industrial & Commercial Air Coolers segment is classified
on the basis of product type and distribution channel. Based on product type,
the Industrial & Commercial air coolers segment is divided into commercial
and centralized air coolers. The distribution channel segment is further divided
into distributors/suppliers/dealers and direct sales. Based on region, the
India Air Coolers market is further segmented into north, west, south, and
east.
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
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" Technological
advancement is a significant trend expected to impact growth over the forecast
period. The rising awareness about energy-efficient products, changing
lifestyles, increasing affordability, and rising demand from rural areas are
the leading factors that are expected to positively impact the air coolers
market. Owing to the wide range of products available to meet the specific
needs of customers and the growing popularity of the internet channel, the
market is growing,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based India management consulting firm.
India Air Coolers Market, By End User (Residential Air Coolers
(Desert, Personal, Tower, and Window), Industrial & Commercial Air Coolers
(Commercial, Centralized)), By Region, By Top 3 Leading States, Competition,
Forecast & Opportunities, 2028F, has evaluated the future growth potential of air coolers market
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 decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in products of air coolers.
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