Asia-Pacific Air Coolers Market Report 2020-2026 – New Product Launches is a Key Strategy Adopted by Market Players to Leverage their Market Share – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Asia-Pacific Air Coolers Market 2020-2026” report has been added to ResearchAndMarkets.com’s offering.

Asia-Pacific air coolers market is estimated to grow at a CAGR of 11.2% during the forecast period.

Increasing residential construction and significant demand for energy-efficient and cost-effective cooling solutions are some pivotal factors encouraging market growth.

The increasing housing construction will lead the demand for home appliances, including air coolers that are compact in size and are suitable to cool small- to medium-sized rooms. Room coolers have slightly less capacity water tanks compared to outdoor coolers. Most of the room air coolers consume less energy and operate silently.

According to the model, cold water or ice can be added to support efficient cooling. 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. As a result, it is being significantly preferred in residential in the Asia-Pacific region.

Asia-Pacific air coolers market is segmented based on type and application. Based on type, the market is classified into tower, desert, and others. In 2019, tower air coolers are expected to witness potential share in the market owing to its space-saving features.

It is a sleek and slim form of air cooler that is appropriate to place in small areas as it captures small floor space. Based on the application, the market is classified into residential and commercial. In 2019, residential held the largest share in the market owing to the significant availability of the middle-class population and significant demand for low capital cost and energy-saving air coolers in residential space.

Some prominent players in the market include Symphony Ltd., Havells India Ltd., Bajaj Electricals Ltd., LG Electronics, and Orient Electric Ltd. Product launches are regarded as a key strategy adopted by the market players to leverage their market share.

For instance, in September 2020, Symphony Ltd. introduced universal packaged air coolers for commercial and industrial applications to raise the local production segment in India, emphasizing design, aesthetics, quality, and performance. It is the world’s first universal packaged air cooler that offers a superior level of flexibility during installation. It consumes 90% less electricity compared to AC and is very quick and easy to install.

Key Topics Covered:

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Overview

3.3.2. Financial Analysis

3.3.3. SWOT Analysis

3.3.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Asia-Pacific Air Coolers Market by Type

5.1.1. Tower

5.1.2. Desert

5.1.3. Others

5.2. Asia-Pacific Air Coolers Market by Application

5.2.1. Residential

5.2.2. Commercial

6. Regional Analysis

6.1. China

6.2. India

6.3. Japan

6.4. Rest of Asia-Pacific

7. Company Profiles

7.1. Aolan (Fujian) Industry Co.,Ltd.

7.2. Bajaj Electricals, Ltd.

7.3. Blue Star, Ltd.

7.4. Clarion Coolers

7.5. Fujian Jinghui Environmental Technology Co., Ltd.

7.6. Havells India, Ltd.

7.7. LG Electronics

7.8. Orient Electric, Ltd.

7.9. Rasika Appliances Pvt. Ltd.

7.10. Symphony, Ltd.

7.11. Vankool Technology Co.,Ltd.

7.12. Voltas,Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/8mdb3v

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