Press release
Indian air coolers Market Size, Share, Future Prospects and Forecast 2020-2026
Indian air coolers market is estimated to grow at a CAGR of 12.2% during the forecast period. Growing residential construction is one of the major factors that will further accelerate the adoption of air coolers in the country. For instance, as per the India Brand Equity Foundation (IBEF), in 2019, housing sales reached 2.61 lakh units across seven Indian major cities. To revive nearly 1,600 stalled housing projects across India’s top cities, the Union Cabinet authorized the establishment of nearly 3.6 billion alternative investment fund (AIF).A full Report of Indian air coolers Market Available at https://www.omrglobal.com/industry-reports/indian-air-coolers-market
Residentials accounted for the largest share in the adoption of air coolers across the country owing to the significant availability of the middle-class population and significant demand for low capital cost and energy-saving air coolers in Indian homes. Additionally, air coolers consume up to 10 times less energy compared to ACs and can also work in low voltage areas, which results in significantly lower monthly electricity/power bills. It requires low maintenance and offers potential environmental benefits with very low power consumption and no harmful chlorofluorocarbons (CFC) emissions. This, in turn, is leading to increasing adoption of air coolers in the country.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/indian-air-coolers-market
Scope of the Indian Air Coolers Market
Market Coverage
• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Type and Application
• Competitive Landscape- Symphony Ltd., Havells India Ltd., Bajaj Electricals Ltd., Usha International Ltd., and Orient Electric Ltd.
Recent Strategic Initiatives in the Indian Air Coolers Market
• In September 2020, Symphony Ltd. revealed universal packaged air coolers for commercial and industrial applications. These aesthetically designed air coolers are very quick and easy to install and consume 90% less electricity compared to AC. This new range comprises Movicool XXL, PAC 20U, and PAC 25U with innovative features such as Cool Flow Dispenser, four- side cooling pads, and dust filters. These are available across India with a price range between nearly $1,108.5 to $1,350.4.
• In March 2020, Orient Electric Ltd., a division of CK Birla Group, introduced its new range of energy-efficient inverter air coolers driven by Electronically Commutated Motor (ECM) technology that offers up to 50% savings on electricity and energy cost.
Key questions addressed by the report
• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Indian Air Coolers Market-Segmentation
By Type
• Tower
• Desert
• Others
By Application
• Residential
• Commercial
Company Profiles
• Bajaj Electricals, Ltd.
• Blue Star, Ltd.
• Clarion Coolers
• Ecoair Cooling Systems Pvt. Ltd.
• Geonex Industries
• KAAVA Air Innovations Pvt. Ltd
• Oasis Appliances
• Orient Electric, Ltd.
• Rasika Appliances Pvt. Ltd.
• Symphony, Ltd.
• Usha International, Ltd.
• Voltas,Ltd.
For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/indian-air-coolers-market
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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