India Air Coolers Market | Growth, Trends and Forecast Till 2024
Posted by Sophia Jones on May 18th, 2019
Market Reports on India Provides the Trending Market Research Report on “India Air Coolers Market By Organized vs Unorganized, Competition, Forecast & Opportunities, 2024” under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
India Organized Air Coolers Market was valued at $ 267 million in 2017 and is predicted to grow at a CAGR of over 22% during forecast period to surpass $ 886 million by 2024. The growth of the market is attributable to the rising temperature levels, growing middle class population and low prices of air coolers as compared to air conditioners. Moreover, increasing sales of air coolers through online channel, coupled with growing awareness among consumers regarding new technology-based air coolers such as air purification and wall mounted air coolers is anticipated to boost the air coolers market in India during forecast period.
In terms of type, India air coolers market is segmented as residential air coolers and industrial & commercial air coolers, of which industrial & commercial air coolers segment is predicted to grow at the fastest rate during forecast period as industrial buildings are increasingly installing air coolers to provide better working environment to the workers.
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Among regions, India air coolers market is categorized into north, east, west and south. Western part of the country is anticipated to grow at the fastest rate during forecast period. West India is also the second largest market for air coolers in India. The growth of the market in the western region of India led by rising mercury level in the region.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
Some of the leading players in India air coolers market are Symphony Limited, Everhome India Private Limited (Kenstar), Bajaj Electricals Ltd., Usha International Limited, Orient Electric Limited, Voltas Limited, Ram Coolers, Groupe SEB India Pvt Limited (Maharaja Whiteline), Khaitan Electricals Ltd., and Blue Star Ltd.
Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of manufacturers across India. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the manufacturers which could not be identified due to the limitations of secondary research. Our Research analyzed the product offerings, distribution channels and presence of all major manufacturers across India.
Our Research calculated India air coolers market size using a top down approach, wherein data for various applications across various end user segments was recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our Research.
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About the AuthorSophia Jones
Joined: August 22nd, 2017
Articles Posted: 752
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