Indian air coolers market is estimated to grow at a CAGR of 12.2% during the forecast period. Growing residential construction is one of the major factors that will further accelerate the adoption of air coolers in the country. For instance, as per the India Brand Equity Foundation (IBEF), in 2019, housing sales reached 2.61 lakh units across seven Indian major cities. To revive nearly 1,600 stalled housing projects across India’s top cities, the Union Cabinet authorized the establishment of nearly 3.6 billion alternative investment fund (AIF).
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Residentials accounted for the largest share in the adoption of air coolers across the country owing to the significant availability of the middle-class population and significant demand for low capital cost and energy-saving air coolers in Indian homes. Additionally, air coolers consume up to 10 times less energy compared to ACs and can also work in low voltage areas, which results in significantly lower monthly electricity/power bills. It requires low maintenance and offers potential environmental benefits with very low power consumption and no harmful chlorofluorocarbons (CFC) emissions. This, in turn, is leading to increasing adoption of air coolers in the country.
Scope of the Indian Air Coolers Market
Market Coverage
Recent Strategic Initiatives in the Indian Air Coolers Market
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
Indian Air Coolers Market-Segmentation
By Type
By Application
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