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).
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China Air Coolers Market-Segmentation
By Type
- Tower
- Desert
- Others
By Application
- Residential
- Commercial
Company Profiles
- Aolan (Fujian) Industry Co.,Ltd.
- Fujian Esheng Technology Co.,Ltd.
- Fujian Jinghui Environmental Technology Co., Ltd.
- Honeywell International Inc.
- LG Electronics
- Midea Group
- Ningbo Aucst Industrial Co., Ltd.
- Symphony Ltd.
- Vankool Technology Co.,Ltd.
- Zhejiang Lepu Machinery Electronics & Technology Co., Ltd.
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