Market Forecast By Applications (Residential and Commercial sector), By Product Types (Desert Air Cooler, Window Air Cooler, Tower Air Cooler, Personal Air Cooler), By Regions (Northern, Western, Eastern, and Southern), and by Competitive Landscape
Product Code: ETC060821 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 82 | No. of Figures: 27 | No. of Tables: 8 | |
India Air Cooler market currently, in 2023, has witnessed an HHI of 6873, Which has increased moderately as compared to the HHI of 4512 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India Air Cooler Market is expected to gain proliferation during the upcoming years on account of rising urbanization. Rising disposable income coupled with surging purchasing power, especially among the middle-class population is driving the India Air Cooler Market Growth. Moreover, the increasing innovation of products by the manufacturers along with the advancement of technology is adding to the development of the India Air Cooler Industry. Rising temperature has led to the adoption of air coolers as a necessity which is further proliferating the India Air Cooler Market Share. Increasing efforts by the government in order to develop the agriculture and industrial sector is also flourishing the growth of the market.
Air Cooler Market in India is a key part of the Asia Pacific Air Cooler Market. The sector in the country is driven by numerous factors. The India Air Cooler Market share is constantly growing as this industry has taken the most crucial role in the lives of people living in the country.
India Air Cooler Market has been encountering significant growth over the past few years on the back of rising temperatures, increasing urbanization, growing lower middle-class population, surging infrastructural development, strengthening the residential sector, burgeoning rural electrification program, and rising disposable income.
According to 6Wresearch, India Air Cooler Market size is projected to grow at a CAGR of 14.6% during 2021-2027. With the rising middle-class population, increasing heatwave, growing work-from-home culture, better availability of electricity in villages, and a comparative price edge of the air coolers over the air conditioners, the air cooler market forecast is expected to show positive growth in the future. In terms of market segment by types, desert coolers dominated the air cooler market in 2020 owing to their large capacity, affordable prices, and easy availability and accessibility in both the organized and the unorganized sectors of the market. The government initiatives for rural upliftment, rising urbanization and discretionary spending, and amended industrial norms coupled with the upcoming stream of projects in the residential sector are expected to drive the demand for desert air coolers in the country over the coming years. Further tower and personal air coolers could also see a splurge in their share in the coming years owing to the changing consumer preferences towards new and innovative products, surging e-commerce sales increased brand variants, and stock-keeping units (SKUs).
Based on types, Desert coolers dominated the India air cooler market revenues and volume during the year 2020 with a CAGR of 2.2%. Owing to its large capacity, affordable prices, and easy availability and accessibility in both the organized and the unorganized sector of the market, desert coolers are anticipated to gain growth in India Air Cooler Market. The price-value proposition and the exemplary effectiveness of desert air coolers in dry climatic conditions proved to be the major contributors to the growth of desert coolers in India. Further government initiatives for rural upliftment such as Pradhan Mantri Gramin Awaas Yojana, electronic National Agriculture Market (eNAM), amended industrial norms coupled with the upcoming stream of projects in the residential sector are expected to drive the demand for desert air coolers in the country over the coming years.
Based on the applications, the residential sector has dominated the air cooler market revenues and volume in 2020 and is likely to maintain its dominance in the market over the coming years, due to the large proportion of the population in the lower- and middle-income class that prefers to buy air coolers over air conditioners as these are relatively inexpensive. With the low purchasing and operational cost of air coolers and the rising government initiative to meet the housing and development requirements including “Housing for All” and the “Smart City Project”, the residential sector held a dominant share in the overall air cooler market revenues in India.
The outbreak of COVID-19 during the year 2020 has resulted in the degradation of sales as a result of supply chain disruptions, irregular working days, shorter operational hours, and the closure of the organized retail sector, including malls and big retail chains. Additionally, changes in the spending priorities of the consumers and deferring purchase behaviour during the first wave of covid- 19, contributed to the misery even more.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. India Air Cooler Market Overview |
3.1. India Air Cooler Market Revenues and Volume, 2017-2027F |
3.2. India Air Cooler Market - Industry Life Cycle |
3.3. India Air Cooler Market - Ecosystem |
3.4. India Air Cooler Market - India Air Cooler Market - Porter’s Five Forces |
3.5. India Air Cooler Market Revenue Share, By Types, 2020 & 2027F |
3.6. India Air Cooler Market Revenue Share, By Applications, 2020 & 2027F |
3.7. India Air Cooler Market Revenue Share, By Regions, 2020 & 2027F |
4. India Air Cooler Market - Impact Analysis of Covid 19 |
5. India Air Cooler Market Dynamics |
5.1. Impact Analysis |
5.2. Market Drivers |
5.3. Market Restraints |
6. India Air Cooler Market Trends and Evolution |
7. India Air Cooler Market Overview, By Types |
7.1. India Air Cooler Market Revenues and Volume, By Desert Air Coolers, 2017-2027F |
7.2. India Air Cooler Market Revenues and Volume, By Tower Air Coolers, 2017-2027F |
7.3. India Air Cooler Market Revenues and Volume, By Personal Air Coolers, 2017-2027F |
7.4. India Air Cooler Market Revenues and Volume, By Window Air Coolers, 2017-2027F |
8. India Air Cooler Market Overview, By Applications |
8.1. India Air Cooler Market Revenues and Volume, By Residential Application, 2017-2027F |
8.2. India Air Cooler Market Revenues and Volume, By Commercial Application, 2017-2027F |
9. India Air Cooler Market Overview, By Regions |
9.1. India Air Cooler Market Revenues and Volume, By Northern Region, 2017-2027F |
9.2. India Air Cooler Market Revenues and Volume, By Southern Region, 2017-2027F |
9.3. India Air Cooler Market Revenues and Volume, By Eastern Region, 2017-2027F |
9.4. India Air Cooler Market Revenues and Volume, By Western Region, 2017-2027F |
10. India Air Cooler Market - Key Performance Indicators |
11. India Air Cooler Market - Opportunity Assessment |
11.1. India Air Cooler Market Opportunity Assessment, By Types, 2027F |
11.2. India Air Cooler Market Opportunity Assessment, By Applications, 2027F |
11.3. India Air Cooler Market Opportunity Assessment, By Regions, 2027F |
12. India Air Cooler Market Competitive Landscape |
12.1. India Air Cooler Market Volume Share, By Companies, 2020 |
12.2. India Air Cooler Market Competitive Benchmarking, By Technical Parameters |
12.3. India Air Cooler Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
13.1. Groupe SEB India Private Limited (Maharaja Whiteline) |
13.2. Orient Electric Limited |
13.3. Bajaj Electricals Limited |
13.4. Usha International Limited |
13.5. Crompton Greaves Consumer Electricals Limited |
13.6. Kenstar |
13.7. Symphony Limited |
13.8. Voltas Limited |
13.9. Hindware Appliances |
13.10. Havells India Limited |
14. Key Strategic Recommendations |
15. Disclaimer |
List of Figures |
1. India Air Cooler Revenues and Volume, 2017-2027F (INR Thousand Crores, Million Units) |
2. Industry Life Cycle of India Air Cooler Market |
3. India Air Cooler Market Revenue Share, By Types, 2020 & 2027F |
4. India Air Cooler Market Volume Share, By Types, 2020 & 2027F |
5. India Air Cooler Market Revenue Share, By Applications, 2020 & 2027F |
6. India Air Cooler Market Volume Share, By Applications, 2020 & 2027F |
7. India Air Cooler Market Revenue Share, By Regions, 2020 & 2027F |
8. India Air Cooler Market Volume Share, By Regions, 2020 & 2027F |
9. Urban population of India, 2016-2027 (Millions) |
10. India Per Capita Income, 2010-2019 (current $) |
11. India Urban and Rural Areas in Consumer Durables Market Revenue, 2019 |
12. Number of Hotel Sites/ Outlets in India, (2018- 2023F) |
13. Market Size of the Retail Industry, 2016- 2026F (INR Lakh Crores) |
14. India Online Retail Market, 2017-2022F (INR Thousand Crores) |
15. Market Size of the Retail Industry, 2016- 2026F (INR Billion) |
16. Market Share of the Retail Industry, 2019 & 2021F |
17. India Real Estate Market Size, 2017- 2030F (INR Lakh Crores) |
18. India Healthcare Sector Growth, 2017 & 2022F (INR Lakh Crore) |
19. Sector- Wise Share of Goods Sold On E- Commerce Platform, 2020 |
20. Total Number of Internet Users in India (Million) |
21. India Air Cooler Market Opportunity Assessment, By Types, 2027F |
22. India Air Cooler Market Opportunity Assessment, By Applications, 2027F |
23. India Air Cooler Market Opportunity Assessment, By Region, 2027F |
24. India Desert Air Cooler Market Volume Share, By Companies, 2020 |
25. India Tower Air Cooler Market Volume Share, By Companies, 2020 |
26. India Window Air Cooler Market Volume Share, By Companies, 2020 |
27. India Personal Air Cooler Market Volume Share, By Companies, 2020 |
List of Tables |
1. List of Major Upcoming Residential Projects in India |
2. India Air Cooler Market Revenues, By Types, 2017-2027F (INR Crores) |
3. India Air Cooler Market Volume, By Types, 2017-2027F (Thousand Units) |
4. India Air Cooler Market Revenues, By Applications, 2017-2027F (INR Crores) |
5. India Air Cooler Market Volume, By Applications, 2017-2027F (Thousand Units) |
6. India Air Cooler Market Revenues, By Regions, 2017-2027F (INR Crores) |
7. India Air Cooler Market Volume, By Regions, 2017-2027F (Thousand Units) |
8. India Upcoming Malls in Major Cities, by 2022 |