China air coolers market is estimated to grow at a CAGR of 11.9% during the forecast period. Rising demand for energy-efficient air coolers is supporting to drive the demand for china air coolers market. The demand for energy-efficient air coolers has emerged significantly owing to the increasing awareness and government initiatives for energy-efficient solutions. China has carried out several efforts to promote green and efficient cooling products. As a part of the effort, the government supporting e-commerce platforms and retailers to shift towards green and efficient cooling products, which include starting rebate programs such as Green for Old and Energy Saving Subsidy to encourage consumers to buy more eco-friendly cooling products. 

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In June 2019, the National Development and Reform Commission launched the Green Cooling Action Plan that establishes forth China's near-term and midterm cooling targets to leverage the delivery of green and efficient cooling products. This supports more capital investment in the green cooling technologies and industry. This, in turn, is supporting the adoption of air coolers that consumes up to 10 times less energy compared to ACs. Air coolers consume less electricity and can also work in low voltage areas, which results in significantly lower monthly electricity/power bills.

China 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).

Some key players in the market include Symphony Ltd., Vankool Technology Co., Ltd., Aolan (Fujian) Industry Co., Ltd., and LG Electronics. In August 2015, Symphony Ltd. acquired Chinese air cooler brand manufacturer Munters Keruilai Air Treatment Equipment (Guangdong) Co. Ltd. (MKE). This acquisition was intended to facilitate the Symphony’s access to China. The company sells air coolers across 60 countries, including Europe and the acquisition led the company to enter into China. Additionally, enjoying Free Trade Agreements with most ASEAN countries, MKE acquisition aimed to offer Symphony better international access.

Research Methodology

The market study of the China air coolers market is incorporated by extensive primary and secondary research conducted by the research team at OMR. 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. Our 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 our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our 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. China Air Coolers Market Research and Analysis by Type
2. China Air Coolers Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the China 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 China air coolers market.
• Insights about market determinants which are stimulating the China air coolers market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.