The global air coolers market is estimated to grow at a CAGR of 10.5% during the forecast period. Significant launches of innovative air coolers are one of the crucial factors accelerating market growth. Several companies such as Symphony Ltd., Orient Electric, Bajaj Electric, and more are focusing on expanding their range of air coolers to gain consumers’ attention and thereby increase market share. For instance, in September 2020, Symphony Ltd. revealed universal packaged air coolers for commercial and industrial applications. These aesthetically designed air coolers are very quick and easy to install and consume 90% less electricity compared to AC.
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It is the first Universal packaged air cooler globally that offer extreme flexibility during installation. This new range comprises Movicool XXL, PAC 20U, and PAC 25U with innovative features such as Cool Flow Dispenser, four- side cooling pads, and dust filters. Developed from UV stabilized engineering plastic body, this new range is weather-resistant and rustproof and are appropriate to install in large spaces such as hospitals, factories, educational institutes, warehouses, and more. These are available across India with a price range between nearly $1,108.5 to $1,350.4.
Further, in March 2020, Livpure introduced India’s first truly smart air coolers and air conditioners driven by HEKA technology. The Livpure Smart cooler utilizes advanced technology for best in class air delivery of 4500 Cubic Meter per Hour (CMH) and air throw of 11 meters which supports to deliver the fastest cooling and cover larger areas. It delivers cooling with optimal water usage as it constantly senses the humidity and temperature of the room and thereby activates the circulation pump only when required. This cooler offers up to 20% water savings and is available in variants, such as Sensi cool and chill, Breezio Series, and Brio Series. This new range of innovative air coolers will further accelerate the adoption of air coolers in residential and commercials.
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Scope of the Global Air Coolers Market
Market Coverage
- The market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type and Application
- Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
- Competitive Landscape- Symphony, Ltd., Bajaj Electricals, Ltd., Havells India, Ltd., Honeywell International, Inc., and LG Electronics
Global Air Coolers Market-Segmentation
By Type
- Tower
- Desert
- Others
By Application
- Residential
Commercial
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
