Growing urbanization, increasing global warming, and preferences for energy-efficient air coolers are influencing the India air coolers market, which is expected to grow at a CAGR of 9.04% during the forecast period, reaching around USD558.69 million by 2028F Furthermore, increased purchasing power, product innovation, and technological improvements are expected to boost the Indian air coolers market during the forecast period.

With the increasing need for air coolers in the sector, various multinational companies are spending massive amounts on their research and development segment. At the same time, various innovations are being made to increase market growth. For instance, Symphony has launched wall-mounted air conditioners that look precisely like air conditioners. More current variations of an item will help an organization stand out enough to notice shoppers who search for development in items.

 

During the COVID-19 pandemic, many industries and air coolers have seen minimal growth. As a result of the travel restrictions, the country's trade has suffered. All markets, including the air cooler market, have been affected by the country's mandated lockdown and travel restrictions.

 

Energy Efficiency Focus Will Lead to the Market Growth

Most people in India use air coolers because they consume 90% less electricity than AC. Increased public awareness and government support for energy efficiency are expected to boost profitability and grow the air coolers market.

 

Increasing Global Warming Will Fuel the Market Growth

With the temperature rising, cooling equipment has become essential for households. Increasing global warming awareness, rising global temperatures, and increased usage of home cooling equipment are just a few of the significant factors influencing the air cooler market's future growth.

 

Increasing Innovations to the Air Coolers Fueling the Market Growth

Air cooler manufacturers are incorporating innovations into their products to advance development technologically. In the Indian air-cooler market, Symphony has launched India's first Cloud Wall-Mounted Personal Room Air Coolers. The new Symphony Air Coolers can be placed on the wall like an air conditioner. It's been created so that it's difficult to tell whether it's a cooler or an air conditioner just by looking at it. These air coolers can be controlled thanks to the intelligent remote system's remotely restored capability. This new generation of wall-mounted air coolers is claimed to be made in India and sold at affordable prices.

 

Demand From Rural Areas Coupled with Increasing Disposable Incomes Will Fuel the Market Growth

The government's ambitious plans to double agricultural incomes, develop the industrial sector, and other structural changes aimed at rejuvenating the economy are expected to boost rural demand and raise disposable incomes even more. This growing segment of the population and its enhanced spending capacity may fuel creativity and create jobs, boosting economic growth. Increased disposable income will lead to the rise in demand for air coolers and thus fuel their market growth.

 

Air Coolers Are Extremely Seasonal Product

Being extremely seasonal product, air coolers have short window of peak secondary sales, thus this one of the restraining factors that will hamper the growth of air coolers Market.




Click here to download the sample

 

Market Segmentation

The India Air Coolers market is segmented based on Organized Vs. Unorganized. The India Organized Air Coolers market is segmented based on end user and region. In terms of end user, the India Organized Air Coolers market is segmented into Residential Air Coolers and Industrial & Commercial Air Coolers. In terms of region, the India Organized Air Coolers market is segmented into North, West, South, and East. The India Residential Air Coolers market is segmented based on the product type and distribution channel. In terms of product type, the India Residential Air Coolers market is segmented into Desert, Personal, Tower and Window. The distribution channel segment is divided into Multi-Branded Stores, Exclusive Stores, Supermarkets and Hypermarkets, Online and Others (Direct Sales, Institutional Sales etc.). The India Industrial & Commercial Air Coolers market is segmented based on the product type and distribution channel. In terms of product type, the Industrial & Commercial Air Coolers market is segmented into Commercial Air Coolers and Centralized Air Coolers. The distribution channel segment is divided into Distributors/Suppliers/Dealers Vs Direct Sales.

 

Company Profiles

Symphony Limited, Bajaj Electricals Limited, Usha International Limited, Ken Lifestyles Private Limited, Orient Electric Limited, Voltas Limited, Ram Coolers, Groupe SEB India Private Limited (Maharaja Whiteline), Blue Star Limited, and Havells India Limited are some of the leading market players of the India air coolers market. New market players are also actively entering the market in the recent years and further strengthening the market growth.

Attribute

Details

Market Size Value in 2022

USD339.64 Million

Revenue Forecast in 2028

USD558.69 Million

Growth Rate

9.04%

Base Year

2022

Historical Years

2018–2021

Estimated Year

2023E

Forecast Period

2024F –2028F

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023E- 2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Sector

·         End User

·         Region

·         Top 3 Leading States (in each region)

·         Company

Regional Scope

 North, West, South and East

Key Companies Profiled

Symphony Limited, Bajaj Electricals Limited, Usha International Limited, Ken Lifestyles Private Limited, Orient Electric Limited, Voltas Limited, Ram Coolers, Groupe SEB India Private Limited (Maharaja Whiteline), Blue Star Limited, and Havells India Limited.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India Air Coolers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Air Coolers Market, By Sector:
    • Unorganized
    • Organized
  • India Organized Air Coolers Market, By End User:
    • Residential Air Coolers
    • Industrial & Commercial Air Coolers

·         India Residential Air Coolers Market, By Product Type:

o   Desert

o   Personal

o   Tower

o   Window

·         India Residential Air Coolers Market, By Distribution Channel:

o   Multi-Branded Stores

o   Supermarkets and Hypermarkets

o   Online

o   Exclusive Stores

o   Others (Direct Sales, Institutional Sales, etc.)

·         India Industrial & Commercial Air Coolers Market, By Product Type:

o   Commercial Air Coolers

o   Centralized Air Coolers

·         India Industrial & Commercial Air Coolers Market, By Distribution Channel:

o   Distributors/ Suppliers/ Dealers

o   Direct Sales

  • India Air Coolers Market, By Region:
    • North
    • West
    • South
    • East 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India air coolers market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).


In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on India Air Coolers Market

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Affecting Purchase Decision

5.3.  Sources of Information

5.4.  Challenges Faced Post Purchase

6.    India Air Coolers Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Sector (Organized Vs. Unorganized)

7.    India Organized Air Coolers Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By End User (Residential Air Coolers and Industrial & Commercial Air Coolers)

7.2.2.    By Region (North, West, South and East)

7.2.3.    By Top 3 Leading States (in each region)

7.2.4.    By Company (2022)

7.3.  Market Map (By End User, By Region)

8.    India Residential Air Coolers Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Product Type (Desert, Personal, Tower, and Window)

8.2.2.    By Distribution Channel (Multi-Branded Stores, Supermarket/Hypermarket, Exclusive Stores, Online and Others (Direct Sales, Institutional Sales, etc.)

8.3.  Product Benchmarking

9.    India Industrial & Commercial Air Coolers Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Product Type (Commercial Air Coolers and Centralized Air Coolers)

9.2.2.    By Distribution Channel (Distributors/Suppliers/Dealers Vs Direct Sales)

9.3.  Product Benchmarking

10. Import & Export Analysis

11. Supply Chain Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Policy & Regulatory Landscape

15. India Economic Profile

16. Competitive Landscape

16.1.   Company Profiles

16.1.1. Symphony Limited

16.1.2. Bajaj Electricals Limited

16.1.3. Usha International Limited

16.1.4. Ken Lifestyles Private Limited

16.1.5. Orient Electric Limited

16.1.6. Voltas Limited

16.1.7. Ram Coolers

16.1.8. Groupe SEB India Private Limited (Maharaja Whiteline)

16.1.9. Blue Star Limited

16.1.10. Havells India Limited

17. Strategic Recommendations

18. About Us & Disclaimer

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • Figure 1: India Air Coolers Market Size, By Value (USD Million), 2018- 2028F

    Figure 2: India Air Coolers Market Share, By Sector, By Value, 2018- 2028F

    Figure 3: India Organized Air Coolers Market Size, By Value (USD Million) & Volume (Thousand Units), 2018-2028F

    Figure 4: India Organized Air Coolers Market Share, By End User, By Value, 2018- 2028F

    Figure 5: India Organized Air Coolers Market Share, By Region, By Value, 2018- 2028F

    Figure 6: India Organized Air Coolers Market Share, By Company, By Value, 2022

    Figure 7: India Air Coolers Market Map, By Sector, Market Size (USD Million) & Growth Rate (%), 2022

    Figure 8: India Organized Air Coolers Market Map, By End User, Market Size (USD Million) n& Growth Rate (%), 2022

    Figure 9: India Organized Air Coolers Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

    Figure 10: India Organized Air Coolers Market Share, By Top 3 Leading States, By North Region, By Value, 2018- 2028F

    Figure 11: India Organized Air Coolers Market Share, By Top 3 Leading States, By South Region, By Value, 2018- 2028F

    Figure 12: India Organized Air Coolers Market Share, By Top 3 Leading States, By West Region, By Value, 2018- 2028F

    Figure 13: India Organized Air Coolers Market Share, By Top 3 Leading States, By East Region, By Value, 2018- 2028F

    Figure 14: India Residential Air Coolers Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F

    Figure 15: India Residential Air Coolers Market Share, By Product Type, By Value,2018-2028F

    Figure 16: India Residential Air Coolers Market Share, By Distribution Channel, By Value, 2018-2028F

    Figure 17: India Industrial & Commercial Air Coolers Market Size, By Value, (USD Million), By Volume (Thousand Units), 2018-2028F

    Figure 18: India Industrial & Commercial Air Coolers Market Share, By Product Type, By Value, 2018- 2028F

    Figure 19: India Industrial & Commercial Air Coolers Market Share, By Distribution Channel, By Value, 2018- 2028F