Asia Pacific Air Cooler Market
Asia Pacific Air Cooler Market, By Type (Tower, Deserts, Others); By Application (Residential and Commercial), Trend Analysis, Competitive Market Share & Forecast, 2028
- Published Date: September 2022
- Report ID: BWC22344
- Available Format: PDF
- Page: 102
Report Overview
A robust growing need for air coolers, which are compact, energy-efficient, and appropriate for cooling small- to medium-sized rooms in millions of urban housing units across major APAC countries, is expected to drive Asia-Pacific air cooler market.
Asia-Pacific Air Cooler Market - Industry Trends & Forecast Report 2028
Asia-Pacific Air Cooler Market - Overview
The model suggests that effective cooling can be supported by the addition of cold water or ice. Additionally, air coolers may operate in low voltage locations and can use up to 10 times less energy than air conditioners, which results in much lower monthly electricity/power expenditures. Compared to outdoor coolers, room coolers have slightly smaller capacity water tanks. The majority of room air coolers are energy-efficient and silent in operation. As a result, it is hugely favored in residential construction in the APAC area.
Asia-Pacific Air Cooler Market - Industry Trends and Market Forecast
A significant demand for energy-efficient and affordable cooling systems is a key driver of APAC Air Cooler Market expansion. Energy-efficient inverter air coolers have gained popularity in developing countries, such as India, Myanmar, and the Philippines. Installing inverter air conditioners in commercial establishments helps in lowering the impact of global warming by resolving issues like acute energy shortages brought on by rapid economic growth.
Growth Drivers
Booming Construction Projects Driving Demand for Air Coolers
Increased construction and real estate development projects provide new housing units that require various household things including air conditioners and air coolers. As a result, the demand for air coolers and air conditioners is rising across Southeast Asian countries, such as Vietnam, Thailand, Indonesia, Malaysia, the Philippines, and China. Healthcare, educational/institutional, public/government, retail, hospitality, and manufacturing are the additional end-user segments of the market.
Restraints
Impact of COVID-19 on Asia-Pacific Air Cooler Market
COVID-19 pandemic significantly affected APAC countries. The pandemic strained manufacturing sector, leading to health emergencies throughout Southeast Asia and increasing unpredictability and vulnerability. According to the United Nations ESCAP (UN ESCAP), more than half of the sub-regional countries, including the Philippines, Indonesia, Malaysia, Myanmar, and Malaysia, are vulnerable because of shoddy health systems. According to the United Nations Conference on Trade and Development (UNCTAD), Taiwan-Province of China (office machinery and communication equipment), the Republic of Korea (machinery equipment), Japan (machinery and automotive), and Vietnam are the economies in the APAC region that have been most negatively impacted (communication equipment).
Asia-Pacific air cooler market was slightly impacted by COVID-19. Due to a lack of laborers, repairs to air coolers have been put on hold for more than six months. The COVID-19 pandemic, which has disrupted cross-border trade and shipping of air cooler units, has exposed the fragility, having a significant influence on the number of units sold.
Asia-Pacific Air Cooler Market - By Type
The market is divided into tower, desert, and other categories based on the kind. Due to their space-saving advantages, tower air coolers are anticipated to gain market share in 2019. It is a svelte and slim air cooler that is suitable for installation in compact spaces because it only takes up a little amount of floor space.
Asia-Pacific Air Cooler Market - By Application
The market is divided into two categories: residential and commercial, depending on the application. Due to the significant availability of the middle-class population and the significant need for low capital cost and energy-saving air coolers in residential spaces, the residential segment holds the highest share of the market.
Regional Insights
There are numerous well-established and up-and-coming businesses in this fragmented and fiercely competitive market. Increased government subsidies, soaring demand for energy-efficient products, and a growing trend in green construction projects all contribute to the market expansion. Utilizing technologies such as automated control systems, the Internet of Things (IoT), and remote control access also gives operators access to real-time information on the state of the system. The highest growth would be seen in India as a result of the expansion of the healthcare and retail industries.
Competitive Landscape
Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.Seeley International Pty Ltd. Vankool Technology Co.,Ltd., Voltas,Ltd. Rasika Appliances Pvt. Ltd. Usha International, Refeng, Ram Coolers, Crompton Greaves, Khaitan Electricals, and Maharaja Whiteline are key participants in the APAC Air Cooler Market. These players majorly use new product launches to expand their market reach.
Recent Developments
Major companies in Asia-Pacific air cooler market use various strategies, including launching innovative energy-efficient products, to expand their market reach. For example, Symphony Ltd. released universal packaged air coolers for commercial and industrial applications in September 2020. The company put an emphasis on design, aesthetics, quality, and performance. It is the first universal packaged air cooler in the world and provides the highest level of installation freedom. When compared to AC, it is said to use 90% less electricity and installs in a matter of minutes.
Scope of the Report
Attributes | Details |
Years Considered | Historical Data – 2018–2021 |
Base Year – 2021 | |
Estimated Year – 2022 | |
Forecast – 2021–2028 | |
Facts Covered | Revenues in USD billion |
Market Coverage | Asia Pacific |
Product Service/Segmentation | By Type, By Application |
Key Players | Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.Seeley International Pty Ltd. Vankool Technology Co.,Ltd., Voltas,Ltd. Rasika Appliances Pvt. Ltd. Usha International, Refeng, Ram Coolers, Crompton Greaves, Khaitan Electricals, Maharaja Whiteline |
By Type
- Towers
- Deserts
- Others
By Application
- Residential
- Commercial
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Asia-Pacific Air Cooler Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Technology Advancement/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Asia-Pacific Air Cooler Market Overview
- Market Size & Forecast by Value, 2018–2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Tower
- Desert
- Others
- By Application
- Residential
- Commercial
- Hospitality
- Healthcare
- Government Offices
- Commercial Offices and Buildings
- Retail
- Others
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- By Type
- Market Size & Forecast by Value, 2018–2028
- China Air Cooler Market
- Market Size & Forecast by Value, 2018–2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Application
- Market Size & Forecast by Value, 2018–2028
- Japan Air Cooler Market
- Market Size & Forecast by Value, 2018–2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Application
- Market Size & Forecast by Value, 2018–2028
- India Air Cooler Market
- Market Size & Forecast by Value, 2018–2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Application
- Market Size & Forecast by Value, 2018–2028
- South Korea Air Cooler Market
- Market Size & Forecast by Value, 2018–2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Application
- Market Size & Forecast by Value, 2018–2028
- Rest of Asia Pacific Air Cooler Market
- Market Size & Forecast by Value, 2018–2028
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Application
- Market Size & Forecast by Value, 2018–2028
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership)
- Impact of Covid-19 on Asia-Pacific Air Cooler Market
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- Aolan (Fujian) Industry Co.,Ltd.
- Bajaj Electricals, Ltd.
- Blue Star, Ltd.
- Clarion Cooler
- Fujian Jinghui Environmental Technology Co., Ltd.
- Havells India, Ltd.
- LG Electronics
- Orient Electric, Ltd.
- Rasika Appliances Pvt. Ltd.
- Symphony, Ltd.
- Vankool Technology Co.,Ltd.
- Voltas,Ltd.
- Other Prominent Players
- Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Asia-Pacific Air Cooler Market Segmentation
Figure 2 Asia-Pacific Air Cooler Market Value Chain Analysis
Figure 3 Asia-Pacific Air Cooler Market Size, By Value (USD Million), 2018–2028
Figure 4 Asia-Pacific Air Cooler Market Share, By Type, By Value, 2018–2028
Figure 5 Asia-Pacific Air Cooler Market Share, By Application, By Value, 2018–2028
Figure 6 Asia-Pacific Air Cooler Market Share, By Country, By Value, 2018–2028
Figure 7 China Air Cooler Market Size, By Value (USD Million), 2018–2028
Figure 8 China Air Cooler Market Share, By Type, By Value, 2018–2028
Figure 9 China Air Cooler Market Share, By Application, By Value, 2018–2028
Figure 10 China Air Cooler Market Share, By Country, By Value, 2018–2028
Figure 11 Japan Air Cooler Market Size, By Value (USD Million), 2018–2028
Figure 12 Japan Air Cooler Market Share, By Type, By Value, 2018–2028
Figure 13 Japan Air Cooler Market Share, By Application, By Value, 2018–2028
Figure 14 Japan Air Cooler Market Share, By Country, By Value, 2018–2028
Figure 15 India Air Cooler Market Size, By Value (USD Million), 2018–2028
Figure 16 India Air Cooler Market Share, By Type, By Value, 2018–2028
Figure 17 India Air Cooler Market Share, By Application, By Value, 2018–2028
Figure 18 India Air Cooler Market Share, By Country, By Value, 2018–2028
Figure 19 South Korea Air Cooler Market Size, By Value (USD Million), 2018–2028
Figure 20 South Korea Air Cooler Market Share, By Type, By Value, 2018–2028
Figure 21 South Korea Air Cooler Market Share, By Application, By Value, 2018–2028
Figure 22 Rest of Asia Pacific Air Cooler Market Size, By Value (USD Million), 2018–2028
Figure 23 Rest of Asia Pacific Air Cooler Market Share, By Type, By Value, 2018–2028
Figure 24 Rest of Asia Pacific Air Cooler Market Share, By Application, By Value, 2018–2028
Figure 25 Company Market Share Analysis, 2021
List of Tables
Table 1 Asia-Pacific Air Cooler Market Size, By Type, By Value, 2018–2028
Table 2 Asia-Pacific Air Cooler Market Size, By Application, By Value, 2018–2028
Table 3 Asia-Pacific Air Cooler Market Size, By Country, By Value, 2018–2028
Table 4 China Air Cooler Market Size, By Type, By Value, 2018–2028
Table 5 China Air Cooler Market Size, By Application, By Value, 2018–2028
Table 6 Japan Air Cooler Market Size, By Type, By Value, 2018–2028
Table 7 Japan Air Cooler Market Size, By Application, By Value, 2018–2028
Table 8 South Korea Air Cooler Market Size, By Type, By Value, 2018–2028
Table 9 South Korea Air Cooler Market Size, By Application, By Value, 2018–2028
Table 10 Rest of Asia Pacific Air Cooler Market Size, By Type, By Value, 2018–2028
Table 11 Rest of Asia Pacific Air Cooler Market Size, By Application, By Value, 2018–2028
Table 12 Aolan (Fujian) Industry Co.,Ltd. Company Overview
Table 13 Bajaj Electricals, Ltd. Company Overview
Table 14 Blue Star, Ltd. Company Overview
Table 15 Clarion Cooler Company Overview
Table 16 Fujian Jinghui Environmental Technology Co., Ltd. Company Overview
Table 17 Havells India, Ltd. Company Overview
Table 18 LG Electronics Company Overview
Table 19 Orient Electric, Ltd. Company Overview
Table 20 Rasika Appliances Pvt. Ltd. Company Overview
Table 21 Symphony, Ltd. Company Overview
Table 22 Vankool Technology Co.,Ltd. Company Overview
Table 23 Voltas,Ltd. Company Overview
Market Segmentation
By Type
- Towers
- Deserts
- Others
By Application
- Residential
- Commercial
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.