India Commercial Evaporative Air Cooler Market Outlook (2021-2027) | Industry, Companies, COVID-19 IMPACT, Forecast, Value, Revenue, Analysis, Growth, Share, Size & Trends

India Commercial Evaporative Air Cooler Market Size & Growth Rate

The India Commercial Evaporative Air Cooler Market is projected to grow at a CAGR of 15.6% during 2021–2027, driven by urbanization, rising disposable income, increasing demand in commercial and industrial sectors, and the affordability of evaporative air coolers compared to air conditioners.

India Commercial Evaporative Air Cooler Market report thoroughly covers the commercial evaporative air cooler market by types, installation types, cooling pads and regions. The report provides an unbiased and detailed analysis of the on-going India commercial evaporative air cooler market trends, opportunities, high growth areas, market drivers, and market share by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.

India Commercial Evaporative Air Cooler Market Synopsis

India commercial evaporative air cooler market encountered significant growth over the past few years. Urbanization, growing middle-class population, infrastructural development, rural development programmes and rising disposable income buoyed the market of evaporative air coolers in India in the recent times.

With Covid-19 outbreak, the segment has seen a major decline in organised sales especially for the year 2020. Recovery is expected in market revenues post 2020, with a gradual opening of economic activities and restart of the manufacturing sector along with industrial activities, which would result in increased demand for evaporative air coolers across the country. However, the rising heat waves, better availability of electricity in villages, affordability, low maintenance cost and a comparative price edge of the evaporative air coolers over the air conditioners would result in rising demand for the product during the forecast period.

According to 6Wresearch, India Commercial Evaporative Air Cooler Market size is projected to grow at CAGR of 15.6% during 2021-2027. The recent reforms in labour laws are pathbreaking which mandate indoor places of work like factory premises or manufacturing places to keep comfortable temperatures, which would propel the demand for evaporative air coolers in the commercial & industrial sector over the coming years in the country. Further, with the growing solutions of evaporative air cooling in different segments such as airports, malls, retail chains, factories, banquet halls and many more, market demand for the product is expected to rise during the forecast period.

Market by Installation Type Analysis 

In terms of installation type, the segments portable air coolers have captured 60% of the commercial evaporative air cooler market revenues in 2020.  The segment portable air cooler generated majority of the market revenues on account less power consumption and ease in affordability.

Market by Regional Analysis

In India commercial evaporative air cooler market, northern region led the overall market revenues accounting more than 30% of the market revenues in 2020 owing to the changing weather conditions and shift from unorganized to organized market. High and rising temperature levels led to greater demand for the product as people resorted to the affordable cooling options.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Commercial Evaporative Air Cooler Market Overview
• India Commercial Evaporative Air Cooler Market Outlook
• India Commercial Evaporative Air Cooler Market Size
• India Commercial Evaporative Air Cooler Market Forecast
• Historical Data and Forecast of India Commercial Evaporative Air Cooler Revenues and Volume for the Period 2017-2027F
• Market Drivers and Restraints
• Market Trends and Industry Life Cycle
• Porter’s Five Forces Model
• Market Opportunity Assessment
• Market Player’s Revenue Shares
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Types
  • Tower Air Cooler
  • Desert Air Cooler
  • Window Air Cooler
  • Personal Air Cooler

• By Installation Type
  • Portable Air Cooler
  • Ductable Air Coolers

• By Cooling Pads
  • Honeycomb Pads
  • Normal Pads

• By Regions
  • Northern Region
  • Southern Region
  • Eastern Region
  • Western Region