India Organized Air Coolers Market to Grow at over 22% CAGR through 2024 – TechSci Research

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”

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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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