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.

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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:
- 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:
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