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Indian air coolers Market 2023 Driving Factors Forecast Research 2029

09-07-2023 01:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Indian air coolers Market 2023 Driving Factors Forecast

Indian air coolers market is estimated to grow at a CAGR of 12.2% during the forecast period. Increasing launches of innovative air coolers is one of the crucial factors accelerating market growth. For instance, in March 2020, Orient Electric Limited, 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. Its coolers range also comprises IoT-enabled air coolers, work on Wi-Fi, and also available with voice control. Orient Electric is focusing on gaining a 25% market share in the air coolers over the two years. The increasing launches of these new energy-efficient air coolers support to attract a large number of a consumer base, which in turn, is driving the market growth.

Indian air coolers market is segmented based on type and application. Based on type, the market is classified into tower, desert, and others. In 2019, tower air coolers are being significantly preferred owing to its space-saving features. It is a sleek and slim form of air cooler that is appropriate to place in small areas as it captures small floor space. Based on the application, the market is classified into residential and commercial. In 2019, residential held the largest share in the market owing to the significant availability of the middle-class population and significant demand for low capital cost and energy-saving air coolers in residential space.

To Request a Sample of our Report on Indian air coolers Market:  https://www.omrglobal.com/request-sample/indian-air-coolers-market

Indian Air Coolers Market-Segmentation

By Type

Tower
Desert
Others

By Application

Residential
Commercial

A full Report of Indian air coolers Market is Available @  https://www.omrglobal.com/industry-reports/indian-air-coolers-market

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. 

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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