Air Coolers Market in India to Witness 27% CAGR until 2022
Increasing disposable income,
rising demand for air coolers from tier I & II cities, and growing temperature
levels to drive India air coolers market through 2022
According to a recently released TechSci Research
report, “India
Air Coolers Market
By Organized Vs. Unorganized, By Type, Competition Forecast &
Opportunities, 2012 – 2022”, India air coolers market is projected to grow at a
CAGR of around 27%, in value terms, during 2017-2022. Improving living
standards, rising temperature levels, increasing online sales of air coolers, launch
of trendy and innovative air coolers such as air coolers with air purification
technology, etc., are anticipated to boost demand for air coolers in India over
the next five years. Since air coolers are energy-efficient, low-cost and environmentally
friendly alternative to air conditioners, their market share in the country is
anticipated to register strong growth during the forecast period.
Browse
24 Tables and 38 Figures spread through 109
Pages and an in-depth TOC on "India
Air Coolers Market"
https://www.techsciresearch.com/report/india-air-coolers-market-by-product-type-desert-air-coolers-room-air-coolers-tower-air-coolers-capacity-size-small-medium-large-competition-forecast-opportunities/1036.html
India’s
residential sector is expected to emerge as the major driving force for the
sale of air coolers in the country during 2017-2022, owing to rising
disposable income of households coupled with various benefits of air coolers such
as low running costs, portability, less electricity consumption, etc. Northern region of the country controlled
a major share in India air coolers market in 2016 and the same trend is
anticipated to continue during the forecast period as well, on account of rising
mercury levels and increasing adoption of air coolers in the region. Moreover,
over the next five years, the western region is anticipated to emerge as the fastest
growing region in terms of adoption of air coolers, owing to the fact that the
region is a highly under-penetrated air coolers market.
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“Rising
demand for industrial air coolers from industries and factories to provide better
work conditions to workers and launch of advanced technology-based products
such as wall-mounted and air purification air coolers coupled with government
initiatives aimed at increasing number of electrified villages would fuel demand
for air coolers in India in the coming years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Air Coolers Market By
Organized Vs. Unorganized, By Type, Competition Forecast & Opportunities,
2012 – 2022” has evaluated the future growth potential of India
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 evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in India air coolers
market.
About TechSci Research
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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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