Air Cooler Market in India and China 2017-2021

Overview of the air cooler market in India and China

Technavio's market study identifies the multiple benefits of air coolers to be one of the primary factors that will drive the growth of the air cooler market in India and China during the next few years. Air coolers provide easy installation and can cool specific areas. They do not require or emit harmful gases. Additionally, air coolers are also adjustable, portable, and can transfer heat through natural convection since there is a continuous availability of air. Moreover, air coolers cost almost 85% less than ACs. Owing to such benefits, the demand for air coolers will increase in the coming years, fueling market growth. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 6% by 2021.

The increased use of solar air coolers will be one of the major trends that will gain traction in the air cooler market in India and China during the next few years. The usage of solar air cooler will reduce the demand and cost of electricity. Factors such as the growing population, the decrease in solar panel prices, and the increasing standards of living in APAC countries influence the utilization of solar air coolers in the region. China, India, and Australia are the primary end users that demand for solar air coolers.

Competitive landscape and key vendors

The air cooler market in India and China is moderately fragmented due to the presence of well-established international and regional players. The international players are dominating the market in terms of technology, quality, and pricing. Vendors in the room air cooler market in India and China compete intensely by offering a diverse and innovative product portfolio and are also adopting several competitive strategies to improve their market position.

The leading vendors in the market are -

• Bajaj Electricals
• Honeywell International
• Kenstar
• Symphony

The other prominent vendors in the market are DAIKIN INDUSTRIES, Haier, INTEX, Khaitan, LG Electronics, Groupe SEB India, McCoy, Ram Coolers, Usha Electricals, VEGO, and Voltas.

Segmentation by geography and analysis of the air cooler market in India and China

• India
• China

India's growing rural market, significant middle-class income population base, increasing urbanization, and the constrained power supply, influence this region's demand for air coolers. Additionally, the growing dependence on organized retail and differentiated features integrated by the manufacturers, also contribute to the growth of the air cooler market size in India.

Segmentation by product and analysis of the air cooler market in India and China

• Personal air coolers
• Desert air coolers
• Tower air coolers

Personal air coolers, also termed as room coolers, are equipped with movable wheels to facilitate easy and quick movement inside a room and are suitable to cool a small area. They operate with low-noise and air diverters and enable quick and easy installation. The personal air coolers segment will account for the major shares of this market throughout the predicted period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the air cooler market in India and China?
• What are the key market trends impacting the growth of the air cooler market in India and China?
• What are the challenges to market growth?
• Who are the key vendors in the air cooler market in India and China?
• What are the market opportunities and threats faced by the vendors in the air cooler market in India and China?
• Trending factors influencing the market shares of India and China.
• What are the key outcomes of the five forces analysis of the air cooler market in India and China? 

Technavio also offers customization on reports based on specific client requirement.

A device for reducing the temperature of the air, typically inside a building, is known as an air cooler. Our market research reports for the consumer and retail industry follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions like general retail goods and services. This upcoming industry research report on the air cooler market in APAC offers insights into the major trends and evolving drivers inducing the growth of the general retail goods and services industry.

Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various general retail goods and services products and services and offer an all-inclusive picture of the air cooler market in APAC for the estimated period of 2017-2021.

This upcoming market research report on the air cooler market in APAC covers vendors like Maharaja Whiteline, Crompton Greaves, Khaitan Electricals, Symphony, Kenstar, Bajaj Electricals, Orient Electric, Honeywell, Usha International, and Ram Coolers. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various products and services and offers an all-inclusive picture of the air cooler market in APAC for the estimated period of 2017-2021.

The upcoming industry report on the air cooler market in APAC also offers insights into fast-growing segments within the consumer and retail industry, including sectors like cosmetics and toiletry and toys and baby products. Furthermore, this report also presents insights into the varying competitive landscape and gives clients a realistic picture of the future direction of the consumer and retail industry.

Our market research methodology for the air cooler market in APAC

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.