Press release
Indian air coolers Market 2023 Driving Factors Forecast Research 2029
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.
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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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