India Organized Air Coolers Market to Grow at over 22% CAGR through 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.
Browse 10 market data Tables and 24 Figures spread
through 88 Pages and an in-depth TOC on "India Air Coolers Market"
https://www.techsciresearch.com/report/india-air-coolers-market/3982.html
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.
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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.
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