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Asia Pacific Air Cooler Market

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
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5. Assumption & Limitation
  3. Executive Summary
  4. Asia-Pacific Air Cooler Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technology Advancement/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Asia-Pacific Air Cooler Market Overview
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Tower
        2. Desert
        3. Others
      2. By Application
        1. Residential
        2. Commercial
          1. Hospitality
          2. Healthcare
          3. Government Offices
          4. Commercial Offices and Buildings
          5. Retail
          6. Others
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  6. China Air Cooler Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
  7. Japan Air Cooler Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
  8. India Air Cooler Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
  9. South Korea Air Cooler Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
  10. Rest of Asia Pacific Air Cooler Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership)
  12. Impact of Covid-19 on Asia-Pacific Air Cooler Market
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Aolan (Fujian) Industry Co.,Ltd.
    2. Bajaj Electricals, Ltd.
    3. Blue Star, Ltd.
    4. Clarion Cooler
    5. Fujian Jinghui Environmental Technology Co., Ltd.
    6. Havells India, Ltd.
    7. LG Electronics
    8. Orient Electric, Ltd.
    9. Rasika Appliances Pvt. Ltd.
    10. Symphony, Ltd.
    11. Vankool Technology Co.,Ltd.
    12. Voltas,Ltd.
    13. Other Prominent Players

 

  1. 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
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Frequently Asked Questions (FAQs):

Ans: India holds the largest market share in the Asia-Pacific Air Cooler Market.
Ans: The major factors driving the growth of the Asia-Pacific Air Cooler Market are cost-efficient, cooling, lower power consumption, convenient usage outdoors, and product innovations.
Ans: The key players in the Asia-Pacific Air Cooler Market are 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.