Air Coolers Market 2020-2026

Global Air Coolers Market Size, Share & Trends Analysis Report, By Type (Tower, Desert, and Others), By Application (Residential and Commercial) and Forecast, 2020-2026.

The global air coolers market is estimated to witness potential growth during the forecast period. Emerging demand for tower air coolers and rising launches of innovative air coolers are the factors driving the growth of the market. The significant launch of smart air coolers has been witnessed across the globe, which, in turn, is supporting to drive its adoption in residential and commercials. For instance, in March 2020, Livpure introduced India’s first truly smart air coolers and air conditioners driven by HEKA technology. The Livpure Smart cooler utilizes advanced technology for best in class air delivery of 4500 Cubic Meter per Hour (CMH) and air throw of 11 meters which supports to deliver the fastest cooling and cover larger areas.

It delivers cooling with optimal water usage as it constantly senses the humidity and temperature of the room and thereby activates the circulation pump only when required. This cooler offers up to 20% water savings and is available in variants, such as Sensi cool and chill, Breezio Series, and Brio Series. The increasing demand for smart products in the consumer electronics sector is expected to fuel the adoption of such smart coolers, which thereby will further accelerate market growth.

The global air coolers market is segmented based on type and application. Based on type, the market is classified into a tower, desert, and others. Based on the application, the market is classified into residential and commercial. In 2019, residential air coolers to witness the largest share in the market owing to the significant demand for cost-effective and energy-saving cooling systems in residential. Additionally, increasing residential construction coupled with rising urbanization is supporting to drive the demand for air coolers owing to low energy consumption and capital cost compared to air conditioners (ACs).

Geographically, in 2019, Asia-Pacific led the air coolers market owing to the increasing adoption of cost-effective cooling solutions along with low maintenance and high energy-efficiency. Most of the middle-class residents in the region opt for air coolers owing to ease of installation and low cost compared to ACs. In addition, rising new launches of air coolers will further accelerate the market growth in the region. Orient Electric, Bajaj Electric, Symphony Ltd., and Livpure are some major players with operations in the region and actively focusing on making innovations in their air coolers range of products that can provide more comfort and ease to the consumers.

Some key players in the market include Symphony Ltd., Bajaj Electricals Ltd., Havells India Ltd., Honeywell International Inc., and LG Electronics. Product launches are considered a key strategy implemented by the market players to leverage their competitiveness in the market space. For instance, in March 2020, Orient Electric Limited, a division of CK Birla Group, introduced its new range of energy-efficient inverter air coolers driven by Electronically Commutated Motor (ECM) technology that offers up to 50% savings on electricity and energy cost. Its coolers range also comprises IoT-enabled air coolers, work on Wi-Fi, and also available with voice control.

Research Methodology

The market study of the global air coolers market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. Global Air Coolers Market Research and Analysis by Type
2. Global Air Coolers Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global air coolers market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global air coolers market.
• Insights about market determinants which are stimulating the global air coolers market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.