India Organized Air Coolers Market is Projected To Reach $ 886 million with 22% of CAGR by 2024

Increasing disposable income coupled with growing temperature level to fuel India air coolers market through 2024

According to TechSci Research report, India Air Coolers Market By Organized vs Unorganized, Competition, Forecast & Opportunities, 2024”, India air coolers market is predicted to grow at a CAGR of over 22% during 2019-2024 on account of Improving living standards and rising temperature level. Moreover, launch of trendy and innovative air coolers such as air coolers with air purification technology, wall mounted air coolers, etc. is further anticipated to boost their demand in India over the next five years. Additionally, since air coolers are energy-efficient, low-cost and environmentally friendly alternative to air conditioners, they are anticipated to register strong growth during the forecast period.

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"India Air Coolers Market"

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In terms of type, India air coolers market is categorized into residential air coolers and industrial & commercial air coolers. In 2018, residential air coolers segment accounted for the majority share in the market and is anticipated to maintain its dominance during forecast period as well on account of rising disposable income of households coupled with their various benefits such as low running costs, portability, less electricity consumption, etc. In terms of region, India air coolers market is categorized into north, south, west and east, of which north India dominated the market in 2018 and is expected to continue dominating during forecast period as well.  The dominance of the region is led by rising urbanization and soaring temperature in this part of the country. Moreover, commercial sector is growing north India, which is further contributing to the growing demand for air coolers in this region.

Key Players :

Some of the leading players in India air coolers market are Symphony Limited, Everhome India Private Limited (Kenstar), Bajaj Electricals Ltd., Usha International Limited, Orient Electric Limited, Voltas Limited, Ram Coolers, Groupe SEB India Pvt Limited (Maharaja Whiteline), Khaitan Electricals Ltd., and Blue Star Ltd.

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 “India air coolers market size is predicted to grow at a double digit CAGR over the course of next five years. The growth of the market can be attributed to technological advancements coupled with government initiatives aimed at increasing number of electrified villages, that would fuel demand for air coolers in rural part of the country. Additionally, rising popularity of online sales channel is further likely to aid the growth of India air coolers market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Air Coolers Market By Organized vs Unorganized, Competition, Forecast & Opportunities, 2024”, has evaluated the future growth potential of India air coolers market and provides statistics and information on market size, structure and future market growth. The report intends 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 in India air coolers market.

Key Target Audience:

Air coolers manufacturers, distributors and other stakeholders

Potential investors

Organizations, forums and alliances related to air coolers

Government bodies such as regulating authorities and policy makers

Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, India air coolers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Organized Vs Unorganized

India Organized Air Coolers Market, By Type:

Residential Air Coolers

Industrial & Commercial Air Coolers

India Organized Air Coolers Market, By Region:

North

West

South

East

Our Blog : Latest Report on India Air Coolers Market

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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